Tag: oracle

  • SupraOracles ($SUPRA) Token Airdrop Guide: LIVE NOW!

    SupraOracles ($SUPRA) Token Airdrop Guide: LIVE NOW!

    SupraOracles’ incentivized testnet is now live, and they are giving away $SUPRA airdrops and GRAND prizes such as cars and Pax gold every month! SupraOracles is built by a renowned research team with deep academic roots. It has a massive network of partnerships and investors. This project has huge potential this year as it gears up towards its mainnet launch in Q2 2023. In this article, we will explain what SupraOracles is and what you can do to position yourself for the $SUPRA airdrop.

    Use our invite link to sign up, and both of us will get Stars that unlock $SUPRA tokens! Once you complete the KYC verification and tasks, you can earn a total of 30 stars and 200 $SUPRA. The whole process is very user-friendly and easy to follow.

    SupraOracles ($SUPRA) Airdrop Step-by-step Guide

    Here’s how to receive a potential SupraOracles ($SUPRA)token airdrop:

    1. Sign Up at SupraOracles
    2. Complete Missions
    3. Enter Grand Giveaway
    4. Share Referral Link

    See below for more details

    What is SupraOracles?

    SupraOracles is introducing a new technology called a “cross-chain oracle infrastructure”. This technology allows for accurate and secure transfer of off-chain data between different blockchains and distributed ledger systems. Additionally, the information transfer happens quickly, with a finality of only three to five seconds.

    As a result, developers can access timely and precise information to build data applications that are not possible with the oracles today. This opens up new use cases such as derivatives backed by real-world assets, options market, and multi-lateral clearing and settlement across public blockchains.

    Who is the Team behind SupraOracles?

    SupraOracles is the flagship project by the Entropy Foundation, co-founded by Joshua D. Tobkin and Jon Jones. The research team, led by Dr. Aniket Kate, consists of numerous PhD scholars who are distinguished in their academic fields. These scholars have decades of product development and coding experience in the blockchain industry. (bluffsrehab.com)

    SupraOracles currently has over 600 signed integration partners, which includes some of the leading L1 and L2 ecosystems in the world like Ethereum and Polygon. As of now, the oracle testnet is live on 34 blockchains.

    Does SupraOracles have a Token?

    Yes, SupraOracles plans to launch its $SUPRA token. It will be used to facilitate restaking, which is the process of restaking staked tokens to provide security for other protocols on a layer-1 network. The total supply of $SUPRA is 10 billion tokens.

    How to Receive $SUPRA Airdrop?

    SupraOracles has allocated 50 million $SUPRA tokens for airdrops in the “Blast Off” community campaign. To participate, simply sign up and complete simple tasks. You can also refer friends to win $SUPRA tokens and enter for a chance to win weekly prizes, giveaways, and private round whitelisting. Here’s a step-by-step guide:

    1. Sign Up at SupraOracles

      Use our invitation link to sign up for SupraOracles. Verify your email account and complete the KYC process.

      Once you have done so, you will receive stars that can be used to level up your rank and unlock more $SUPRA rewards.

    2. Complete Missions

      Once you have set up your account, you will be redirected to the missions page. These missions include video guides and quizzes. After completing a mission, you can unlock your crate to see if you have won $SUPRA tokens or more stars.

    3. Enter Grand Giveaway

      You can win real-world prizes every month at the Grand Giveaway, ranging from all-expenses-paid trips to a Supra car.

    4. Share Referral Link

      You can share your referral link to earn more stars, allowing you to rank up and earn even more $SUPRA tokens.

    Airdrop Review

    When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

    Likelihood of Airdrop: Yes, the $SUPRA airdrop campaign is now live.

    Airdropped Token Allocation: 50 million $SUPRA tokens will be distributed to the “Blast Off” campaign participants.

    Airdrop Difficulty: The KYC registration and tasks are very easy thanks to their user-friendly interface. You can also share your referral link with your friends to earn even more rewards.

    Token Utility: The $SUPRA token will be used to facilitate restaking, which is the process of restaking staked tokens to provide security for other protocols on a layer-1 network.

    Token Lockup: $SUPRA will follow a 12-month cliff and then a 4-year quarterly vesting schedule.

  • Flare Launches Layer-1 Oracle Network with FLR Token Airdrop

    Flare Launches Layer-1 Oracle Network with FLR Token Airdrop

    Flare, a new layer-1 Ethereum Virtual Machine (EVM) blockchain has gone live with the launch of two core protocols as well as its FLR token airdrop. All existing XRP holders from participating crypto exchanges including Binance, Bybit, Kraken, and OKX have been distributed FLR tokens. The airdrop marks one of the largest token distributions in crypto history, with over a million users receiving 4.279 billion FLR tokens.

    Source: Twitter (Flare Community)

    Flare FLR Token Airdrop Details

    The initial airdrop began at 23:59 UTC on January 9, representing 15% of the FLR’s total token distribution. The remaining 85% of tokens will be distributed over the next 36 months according to the community vote on Flare Improvement Proposal 01 (FIP.01). If passed, the proposal would place a hard cap on FLR’s annual inflation at 5 billion tokens per annum.

    Over 4.28 billion Flare ($FLR) tokens were airdropped to XRP holders holding at least 1 XRP based on a snapshot taken in December 2020. FLR tokens were distributed at 1:1, meaning that XRP holders received 1 FLR for every 1 XRP held.

    Fortunately, Celsius Network (which is now bankrupt) obtained Court approval for XRP token holders to also receive the Flare ($FLR) token airdrop.

    What is Flare Network?

    The Flare network serves as an oracle network that allows developers to build apps that are interoperable with the internet and other blockchains. It leverages two interoperable protocols to power its application-building suite: the State Connector and the Flare Time Series Oracle (FTSO).

    • State Connector

    According to their white paper, the State Connector protocol enables smart contracts to interact securely with information and data from other blockchains and internet sources. This function offers powerful data to the network in a decentralized manner on-chain, facilitating the development of cross-chain solutions.

    • Flare Time Series Oracle (FTSO)

    The Flare Time Series Oracle (FTSO) provides prices and data series to DApps running on the layer-1 blockchain without relying on centralized data providers. It is essentially a decentralized data feed oracle that sources data from many independent data providers. In conjunction with the State Connector, it provides inputs for DeFi platforms as DApps can access timely information across different blockchains easily.

    Key Takeaway

    Flare initiated its token airdrop on Jan. 9, with 4.27 billion FLR tokens distributed to millions of existing XRP holders across various cryptocurrency exchanges including Bybit, Binance, Kraken, and OKX.

    The initial token distribution released 15 percent of the full public token allocation, with the remainder set to be released monthly over 36 months. The allocation method for the remaining token supply will be settled by a community vote through the Flare Improvement Proposal 01 (FIP.01).

    Flare Network is a layer-1 EVM blockchain that serves as an oracle network to provide developers a platform to build interoperable DApps such as DeFi solutions.

    Other Upcoming Token Airdrops!

    Hunting token airdrops is a great way to earn free money. There are many highly anticipated token airdrops that can get you to earn as high as $5000, including zkSync, Arbitrum, Quai Network, LayerZero, and zkLend.