Altitude ($ALTD) is a decentralized application (dApp) built on LayerZero, which is a cross-chain communication infrastructure. It is designed to allow DeFi users to transfer assets with enhanced security features, inexpensive bridging fees, and fast transactions. Altitude have already confirmed they will be launching an $ALTD token and will do a token airdrop on their mainnet launch. Meanwhile, they have recently launched their testnet. So, there is still time to participate in their airdrop! Here’s our guide to the Altitude ($ALTD) token airdrop.
LayerZero is a MAJOR upcoming airdrop! Find out more with our LayerZero ($ZRO) Token Airdrop Guide.
Altitude $ALTD airdrop step-by-step guide
Here’s how to get the Altitude $ALDT token airdrop:
- Get testnet gas and $ALTD tokens
- Bridge $ALTD to the BNB and Metis networks
- Transfer testnet $ABT and $USDC tokens between bridges
- Add liquidity to pools
- Deposit to farms
- Stake $ALTD
- Complete quests on Zealy
See below for more details
What is Altitude?
LayerZero designed a cross-chain communication infrastructure to alleviate the constraints of omnichain activity. Altitude composes a native asset bridge on LayerZero. Altitude’s vision is to enable Web3 users access to a seamless transaction process and promote cross-chain liquidity from one blockchain to another. DeFi users can transfer assets via Altitude with Secured Guaranteed Finality, leveraging enhanced security features, inexpensive bridging fees, and lightening fast transactions.
What is the Altitude ($ALTD) token?
Proving liquidity for supported tokens can farm the governance token of Altitude, which is the ALTD token. Holders of ALTD tokens can lock their tokens and receive gALTD, Altitude’s governance token. gALTD holders can vote and make proposals in Altitude’s governance protocol.
According to their tokenomics, Altitude will reserve 5% of the total $ALTD supply for strategic airdrops.
Is there an Altitude ($ALTD) token airdrop?
Altitude have confirmed they will be doing an $ALTD token airdrop ahead of their mainnet launch known as “Alty’s Adventure”. Alty’s Adventure is an open-to-all community campaign starting on 18th April 2023 and will end when Altitude launches their mainnet in the future. We also see in their announcement that it is their “first” open-to-all community campaign, so maybe it is a hint that there would be even more airdrops to come?
The “Alty’s Adventure” campaign will be complemented by a closed community campaign known as “The Climb”.
How to get the potential Altitude ($ALTD) token airdrop?
Time needed: 1 hour
Here’s how to get the Altitude ($ALTD) token airdrop.
- Get testnet tokens
You will need to get testnet tokens to pay for gas fees on the Altitude testnet. First, get testnet AVAX tokens on the Avalanche network here. Then, get testnet tokens on the BNB Chain here, here or here. Finally, get testnet tokens on the Metis network here.
- Get testnet $ALTD tokens
Go to the Altitude faucet and request testnet $ALTD tokens for the Avalanche, Binance (BNB) and Metis networks.
- Bridge $ALTD to the BNB network
Connect your wallet to the Altitude testnet, make sure you are on the Avalanche Fuji Testnet. Currently, Altitude testnet supports testnet $ALTD, $ABT and $USDC tokens. Transfer $ALTD from other networks to the BNB network.
- Bridge $ALTD to Metis network
Repeat step 3 above, but this time, bridge $ALTD from other networks to the Metis network. You can also send tokens from the BNB and Metis networks back to the Avalanche network.
- Transfer testnet $ABT and $USDC tokens between bridges
Repeat steps 3 and 4 above. This time, transfer the testnet $ABT and $USDC tokens between different networks.
- Add liquidity to pools
Go to Altitude’s Pool. Choose a pool from the list and select the amount of tokens you wish to deposit so as to earn LP tokens. Currently Altitude’s pools support $WETH, $WSTETH, $WBTC, $FTM, $MATIC, $BNB, and $ARB deposits. Do this for several other pools. To withdraw liquidity, go to “Your Pools”, click on the pool you wish to remove liquidity from and click “Remove”. Select the amount of liquidity you wish to withdraw and click “Remove Liquidity”.
- Deposit to farms
Similar to step 6 above, go to Altitude’s Farm and deposit your LP tokens. There is also an option to withdraw your tokens and $ALTD rewards. For those who do not want to earn $ALTD via adding liquidity and depositing to farms, they can simply purchase $ALTD via Uniswap V2 (Ethereum), Camelot DEX (Arbitrum) or Trader Joe (Avalanche).
- Stake $ALTD
Go to Altitude’s Stake page. Select the amount of $ALTD you wish to stake and click “Stake”. You will receive $gALTD as a staking reward if you stake on Ethereum. You can see your $gALTD balance the heading “My Voting power”. Later on, you will be able to use $gALTD to participate in governance voting.
- Complete quests on Zealy
Go to Altitude’s Zealy Questboard. Complete the Questboard tasks which include social tasks such as following their social media pages and creating content for Altitude.
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: Altitude have confirmed they will be launching a its $ALTD token and doing an airdrop when their mainnet goes live.
Airdropped Token Allocation: Altitude will reserve 5% (5 million $ALTD) of the total supply for strategic airdrops.
Airdrop Difficulty: Participants will need to bridge tokens, add liquidity, and deposit to farms. This is relatively straightfoward for most airdrop hunters. No real funds are being used as Altitude is still in the testnet phase.
Token Utility: Staking $ALTD will result in receiving $gALTD. $gALTD will be used for governance.
Token Lockup: There does not seem to be a lockup period for airdropped $ALTD tokens.
