Tabi Chain ($TABI) is a scalable, EVM-compatible blockchain built on Cosmos SDK and CometBFT consensus engine, offering fast finality and high transaction throughput for Ethereum ecosystem interoperability. They just launched the Tabi Chain Testnet, and there’s a strong chance early participants can qualify for airdrops. Their Galxe quest page just went live and the OAT is claimed on a first come first served basis. Here is our Tabi Chain ($TABI) token airdrop guide.
Check out our step-by-step guide!
https://youtube.com/live/vkbAtJxCQ1M
What is Tabi Chain ($TABI)?
Tabi Chain is creating a fresh gaming blockchain within the Cosmos ecosystem that works with existing systems and is easy for many people to use. Their aim is to set higher standards for how popular blockchain gaming can become. Here are Tabi Chain’s main features:
EVM Compatibility: Tabi Chain is fully compatible with the Ethereum Virtual Machine, allowing developers to use existing Ethereum tools and software.
Cosmos SDK & CometBFT: It’s built on the Cosmos SDK and uses CometBFT (a fork of Tendermint Core) for fast finality and high transaction throughput.
Sovereign Blockchain: As a Cosmos chain, Tabi Chain is an independent blockchain with its own native token and connects to other chains through IBC.
ABCI Application: Tabi Chain showcases the use of the Application Blockchain Interface (ABCI) to replace Ethereum’s PoW consensus with CometBFT’s engine.
How to get the Tabi Chain ($TABI) token airdrop
Here’s our guide on how to get the potential Tabi Chain ($TABI) token airdrop.
Claim the OAT on the Tabi Chain Galxe page
Connect your wallet to the Tabi Chain Galxe page and complete the tasks. Tasks include social tasks and requesting testnet $TABI tokens from the Tabi Chain faucet. Claim the OAT once you have completed the tasks. Note it is first come first serve so you need to act fast!
Add Tabi Chain testnet network to wallet
To see your testnet $TABI tokens, you will need to add the Tabi Chain testnet network to your wallet. To add the Tabi Chain testnet network to your wallet, go to the Tabi Chain testnet explorer, scroll down to the bottom of the page and click “Add Tabi testnet”.
Complete Tabi Chain voyage
Go to the Tabi Chain voyage page and complete the Sailor’s Quest, Invite Quest and Reddit Quest. These are mostly social tasks and to connect your Reddit account.
Stay updated!
Follow Tabi Chain on their social media channels to stay up to date with their latest news. The Tabi Chain testnet (phase 1) will be coming soon!
BloodLoop ($BLS) is a first hero-shooter game built on Avalanche that leverages the power of NFTs and DeFi economy. They will be launching a Play-to-Airdrop campaign in April 2024 where participants can play the game to earn $BLS tokens. There will also be an IDO (Initial DEX Offering) on Seedify in March 2024. Here is our BloodLoop ($BLS) token airdrop guide.
Check out our step by step guide!
https://youtube.com/live/5226uo2kjR4
What is BloodLoop ($BLS)?
BloodLoop is a 5v5 shooter game that immerses players within a dynamic third-person shooter experience. Here are its main features:
Game Overview: BloodLoop is the first 5v5 Hero-Shooter game built with web3 technology, designed as a bridge between web2 and web3.
Blockchain Integration: It uses a custom blockchain based on Avalanche Subnets to ensure a seamless user experience for both crypto-native and non-crypto users.
Gameplay Focus: The game emphasizes unique gameplay dynamics and team synergies, offering strategic 5v5 battles, all-on-all confrontations, and competitive matches.
Economic System: BloodLoop includes an economic system that allows players to earn real value for their time and skills through gameplay.
BloodLoop is backed by Neo Tokyo Alex Becker, Ava Labs and Seedify. Both Ava Labs and Seedify will be hosting and conducting the private and public token sale and IDO.
How to get the BloodLoop ($BLS) token airdrop?
Time needed: 9 minutes
Here’s a step by step guide on how to get the potential BloodLoop ($BLS) token airdrop.
Register username
Go to https://bloodloop.com/onboard?ref=numberfive and register for a BloodLoop username. Once you have entered your email and preferred name, you will need to come back in the next 7 days to claim your Daily Energy. This will allow you to unlock your Play-to-Airdrop pass. Registration will likely remain live until mid April 2024 when the game launches. Afterwards, you can also invite your friends to earn a share of the 200,000 $BLS promotional pool.
Participate in the Play-to-Airdrop campaign
Participate in the Play-to-Airdrop campaign. If you had minted a BloodLoop S.E.M. Capsule NFT earlier, you are already eligible to join the Play-to-Airdrop campaign. Those who didn’t mint the NFT can still join the campaign by purchasing a ticket each week on Sesame, using point entered by completing future quests.
Complete quests on Sesame Labs
Go to https://sesamelabs.xyz/bloodloop/?referrerCode=sFPIDsuUfAQ and complete the quests. These are social tasks and you will need to upload a screenshot showing you have completed the task for verification. You will earn Play-to-Airdrop credits for completing the tasks. All holders of at least one raffle ticket will have guaranteed access to the first Play 2 Airdrop playtest.
Join playtest in mid-April 2024
Wait for the game, aka playtest, to be released in mid-April 2024. Play the game, complete tasks, and have fun to earn BLS tokens.
Optional: Stake S.E.M. capsule
If you managed to mint or buy the BloodLoop S.E.M. Capsule NFTs, you can stake your S.E.M capsules to earn points that will be converted to $BLS tokens. You can stake your S.E.M. capsule at https://app.bloodloop.com/.
Holoworld ($HOLO) is a decentralized social platform built by Hologram Labs and allows uses to create their own virtual character using AI. They have recently been accepted into Binance Labs’ MVB Accelerator Program. Holoworld has also recently launched a reward program for early users, which could mean a potential airdrop. Here is our Holoworld ($HOLO) token airdrop guide.
Holoworld AI ($HOLO) Potential Airdrop: Backed by Binance CONFIRMED
What is Holoworld ($HOLO)?
Holoworld is an innovative platform that allows users to:
Create Virtual Characters: Design your own characters, from their personality to their appearance.
Interact with AI: Engage with virtual characters using artificial intelligence.
Build a VTuber: Develop your own virtual YouTuber and share content across various platforms.
Accessible Platform: Use Holoworld on both desktop and mobile devices, with helpful guides for easy character creation.
Holoworld is backed by investors such as Polychain Capital. Holoworld has also recently been accepted into Season 7 of Binance Labs MVB Accelerator Program, which is a 10-week accelerator program jointly run by BNB Chain, Binance Labs, and CMC Labs. At the end of the 10-week accelerator program, project teams will showcase and pitch their projects to investors at Binance Labs’ Demo Day. Binance Labs will then make an investment decision on selected top performing project teams.
Will there be a Holoworld ($HOLO) airdrop?
Holoworld have not announced plans for a token YET. However, since they were accepted into Binance Labs’ MVB Accelerator Program and are backed by Polychain Capital, it is likely they will launch a token in order to ensure investors get a return on investment. Holoworld have also announced a reward program shortly after being accepted into Binance Labs’ MVB Accelerator Program, which also suggests they will do an airdrop.
How to get a potential Holoworld ($HOLO) token airdrop?
Here’s our guide on how to get a potential Holoworld ($HOLO) token airdrop
Create a username for your account that is branded nicely to attract other users.
Create AI avatar
Set up your profile by creating your AI avatar. Start by creating the brain of your character There is an option to connect your Twitter account. However, we have been experiencing problems with this which may be an API issue. So, for now just complete the questionnaire where they will ask you questions about your AI avatar. Then, customize your character’s appearance, including selecting a voice and describing the character. Preview your character and interact with it through chat. Finally, save your character and remember to set it to public for others to interact with.
Participate in reward program
Head to the ‘Earn’ section on the website to participate in the reward program. Complete novice and daily quests to earn crystals. Daily tasks include checking in and chatting with characters to earn more crystals. There are also weekly tasks, including having valid conversations with Web3 characters like Arthur Hayes and Mozzy etc.
Claim rewards
Claim rewards such as the standard pass in the special area and share your referral link to earn more crystals. 12. Use crystals to vote for your favorite character and participate in the prize pool. 13. Keep an eye on the utility of crystals for future updates on their use within the platform. 14. Utilize your referral link to invite friends to join and earn extra crystals when your AI bot is used.
Vote for your favourite character
Vote for your favourite character and participate in the prize pool. Not you will need to use crystals for voting.
Refer friends!
Utilize your referral link to invite friends to join and earn extra crystals when your AI bot is used.
TEN Protocol is an ethereum Layer-2 Rollup protocol that boosts scalability, adds encryption, and prevents Maximal Extractable Value. The team recently launched their incentivized testnet and users can potentially qualify for $TEN airdrop which is expected to be when they launch their Mainnet Alpha in Q2 2024. Here is our TEN Protocol ($TEN) token airdrop guide.
Check out our step by step guide!
https://youtube.com/live/98J_YDIarKk
Ten Protocol ($TEN) Incentivized Testnet Airdrop Guide (We are EARLY!)
What is TEN Protocol ($TEN)?
TEN Protocol is a decentralized Ethereum Layer-2 Rollup protocol aimed at enhancing encryption, scalability, and preventing Maximal Extractable Value (MEV). Here are its main features:
Decentralization: TEN allows existing Ethereum DApps to migrate at minimal cost, maintaining the Ethereum ecosystem’s benefits such as adoption, security, and liquidity.
Encryption: Utilizes Secure Enclaves for robust confidentiality, enabling encrypted transactions and confidential computing within smart contracts.
Confidential Roll-ups: Inspired by Optimistic and ZK roll-ups, these roll-ups use confidential computing techniques and economic incentives to achieve confidentiality, short withdrawal periods, and address MEV.
User Experience: Offers a seamless experience for both developers and end-users, with compatibility with MetaMask and other Ethereum wallets, and no change in user interaction with applications.
TEN’s approach to encryption on the blockchain aims to improve the experience for retail users, corporate users, and applications requiring smart contract secrecy.
Notable investors of TEN Protocol include KuCoin Labs, Magnus Capital and DWF Labs, among others.
What is the TEN Protocol ($TEN) token?
The $TEN token is the native token of TEN Protocol and serves multiple purposes within the TEN ecosystem:
Node Operation Incentive: Rewards node operators for maintaining the network and ledger integrity.
Staking Medium: Allows node operators to stake TEN tokens to cover operational costs.
Governance Participation: Enables token holders to vote on proposals for changes to Ten.
Ecosystem Development: Funds and incentivizes ongoing development through opportunities, grants, and competitions.
How to get the TEN Protocol ($TEN) token airdrop
Here’s how to get the potential TEN Protocol ($TEN) token airdrop:
Complete Meet Ten-Stage 1 tasks on Galxe
Go to TEN Protocol’s Meet Ten- Stage 1 Galxe page. Make sure you have at least one transaction on Polygon, BNB, Ethereum, Arbitrum, Avalanche, or Optimism to meet the initial requirement here.
Get 1 Entry and claim Novice role
Fill out the survey on the Meet Ten-Stage 1 page with your name and social media account details. Then, follow TEN Protocol on Twitter and obtain the Fren Discord role by joining their Discord and joining in community discussions. Claim the Novice role on Galxe
Complete Meet Ten-Stage 2 tasks
Connect your wallet to the TEN Protocol Galxe page HERE and complete the tasks. Note you will be able to request testnet tokens every 120 minutes. For the guessing game, connect your MetaMask to the Ten Testnet here. Then, connect your Metamask to the Guessing Game page and guess the secret number between 1 to 1,000. Keep guessing until you run out of testnet ETH tokens. Complete the other social tasks.
Interact with TEN Protocol testnet
Proceed to stage 2 by playing with the testnet and engaging in social tasks.
Claim Squire role
Go to https://galxe.com/ten/campaign/GCxojtwqni, as you have already claimed the Novice role on Galxe in step 2 above, you can simply verify and claim the Squire role.
MON Protocol allows users to bring their favourite games and characters on chain. MON Protocol have confirmed they will be airdropping 30% of their total $MON token supply to quest participants. With notable backers such as Animoca Brands and Merit Circle, MON Protocol has the potential to be as massive as Pixels ($PIXEL)! Here is our MON Protocol ($MON) token airdrop guide.
Check out our step-by-step guide!
https://youtube.com/live/jDJ85cDy6HM
What is MON Protocol?
MON Protocol aims to be the future of IP governance. In particular, their goal is to bring games and gaming characters on-chain. The project will be launching later this year in partnership with Pixelmon. MON Protocol has a strong lineup of backers including Animoca Ventures, Delphi Ventures, Spartan, Merit Cricle and many others. As a result, many consider MON Protocol to have the potential to be as massive as Pixels ($PIXEL).
What is the MON Protocol ($MON) token?
The $MON token is the native token of MON Protocol. It will be issued as an ERC-20 token and at TGE, 1 billion $MON will be created. The $MON token will have the following uses:
$MON will be used as the preferred gaming currency for all Pixelmon games, as well as in-game player and tournament rewards;
Fractionized IP for licensing flows;
Airdrop and mission rewards;
IP and ecosystem fund governance;
launching blockchain native IPs; and
creator grants.
Will MON Protocol do a $MON token airdrop?
MON Protocol have essentially confirmed they will do a token airdrop in their tokenomics. The team have confirmed they will be allocating 30% of their total token supply towards their Community Claim program. In MON Protocol’s Community Claim program, 5% of the total $MON token supply will be claimable at their TGE by members of the Pixelmon Community. The airdrop mechanics will be calculated based on NFT rarity, badges, and relics obtained in their Party Quests. The remaining 25% of the total $MON supply will be vested over a 30-month period with an initial cliff decided by the MON Protocol team. The vesting will be non-linear and adjusted by the team over time.
How to get the MON Protocol ($MON) token airdrop?
Time needed: 20 minutes
Here’s how to get the MON Protocol ($MON) token airdrop.
Connect to MON Missions
Connect your Twitter account to https://app.monprotocol.ai/questing. You will earn 200 points for doing this. Then, enter our referral code RonBoxmining for an extra 200 points!
Complete daily spin
Click “SPIN” every day and stand a chance to earn more points!
Complete missions
Complete the tasks such as interacting with the specified posts and linking your EVM wallet within the given time. Make sure to complete any daily tasks for additional points. You can earn 12,000 points for completing these missions.
Invite users to join MON Protocol
Share your referral link with others to earn more points.
Babylon is a protocol that allows Bitcoin holders to securely stake their Bitcoins on the Bitcoin network and participate in the security of other blockchain networks that use proof-of-stake. The Babylon testnet will go live on 28th February 2024 and early participants will be rewarded! There are also tasks that might help with more Bablyon ($BBN) token airdrop opportunities. Here’s our Babylon ($BBN) token airdrop guide.
Check out our step-by-step guide!
https://youtube.com/live/MXwnVG-pKjA
Babylon Testnet GOING LIVE: HUGE Airdrop Opportunties (Don’t Be LATE!)
What is Babylon ($BBN)?
Babylon is a project that lets people use their bitcoins to help secure other networks that use proof-of-stake. Proof-of-stake is a way of making sure that the people who run the network follow the rules and don’t cheat. Babylon has a special protocol that can do this without moving the bitcoins to another network, which is risky and expensive. Babylon also has a chain that connects Bitcoin and the proof-of-stake networks, and records important information on both sides. Here are some main features of Babylon:
Bitcoin staking: People can lock their bitcoins in a contract on the Bitcoin chain, and use them to validate blocks on a proof-of-stake network. If they follow the rules, they can earn rewards. If they break the rules, they will lose their bitcoins.
Fully slashable PoS security: Babylon can detect and punish any cheating behavior on the proof-of-stake network, by leaking the private keys of the cheaters and burning their bitcoins. This makes the network more secure and trustworthy.
Staker security and liquidity: People who stake their bitcoins can withdraw them anytime, as long as they are honest. They don’t have to wait for a long time or rely on other people’s agreement. This makes staking more convenient and flexible.
PoS-chain-agnostic: Babylon can work with any proof-of-stake network that uses a BFT consensus protocol, such as Tendermint, Casper, or GRANDPA. Babylon does not change the original protocol, but adds an extra layer of security on top of it.
What is the Babylon ($BBN) token?
The Babylon ($BBN) token is the governance token for the Babylon protocol. It plays a crucial role in ensuring that Babylon is owned by its users. Here are some key points about the BBN token:
Ownership and Governance:
The BBN token gives holders the power to influence decisions related to the Babylon protocol.
69% of the BBN tokens belong to the community, dynamically rewarding stakeholders for their contributions, ideas, curation, and community management based on performance and assets under management (AUM).
Protocol Management:
Babylon operates on the Ethereum network and follows principles of transparency, non-custodial control, and permissionless access.
The protocol’s governance is in the hands of BBN token holders. They vote on proposed changes to the protocol and decide how to utilize the protocol treasury.
Bitcoin Staking Pioneer Pass:
Babylon’s vision is to scale Bitcoin to secure the Proof-of-Stake economy.
By becoming a Bitcoin Staker, users can directly stake their bitcoins on Proof-of-Stake chains without relying on third-party custody or bridging mechanisms.
The protocol ensures security, liquidity, and yield for Bitcoin stakers.
In summary, the BBN token empowers the community to shape Babylon’s future and bridges Bitcoin’s security to the decentralized economy.
How to get the Babylon ($BBN) token airdrop?
Here’s our guide on how to get the Babylon ($BBN) token airdrop
Get OKX and Keplr browser wallets
Download the OKX and Keplr wallets on your Google Chrome extensions. If you don’t have the wallets, you can download it via their website at https://pioneers.babylonchain.io/
Add Babylon testnet network
Add the Babylon testnet to your Kepler wallet by clicking the top left hand corner and “Add more chains”. Then, in the pop-up window, type “Babylon”” in the search and add the Babylon Testnet. Add the Babylon testnet to your Kepler wallet by typing ‘Babylon’ in the search and clicking on ‘Add Babylon testnet’. Then click on the top left hand corner again and go to “Manage Chain visibility”. Search for and select the Babylon chains, and click “Save”.
Get testnet tokens
Join the Babylon Discord channel HERE and go to the #faucet-test-bbn channel. Type “!faucet [Babylon testnet address]”. To find your Babylon testnet address, go to your Keplr wallet and click “Copy Address”. There you will find your Babylon testnet address. The faucet will give you 0.1 testnet $BBN tokens, and you can claim once every 6 hours.
Connect to Signet network on OKX wallet
Connect to Signet network on the OKX wallet by clicking on the top right hand corner and finding the “BTC Signet” network. The Signet network is the Bitcoin test network that runs parallel to the Bitcoin main chain.
Get testnet BTC ($sBTC)
On the OKX wallet page click “Manage crypto” and search “sBTC”. Then click the add button. To find your $sBTC address, open your OKX wallet and click on $sBTC to find your BTC Signet address.
Afterwards, go to https://alt.signetfaucet.com/ and type in your sBTC address to get some testnet BTC. You may have to click on this multiple times to get your $sBTC because the network is very congested. If your request succeeds, the page will say “Processing” and you will be taken to a transaction hash page. There, you will need to copy the transaction ID and submit it on Galxe under the task “Survey: Claim Signet Bitcoin”.
UPDATE: Babylon has set up their own Signet BTC faucet! To get sBTC, connect to the Babylon Discord channel HERE and go to the #faucet-signet-btc channel. Type “!faucet [sBTC address]”. It may take over 6 hours to get your 0.0005 $sBTC
Complete Babylon Series 1 Galxe tasks and mint NFT
Go to Babylon’s Galxe page and complete the Babylon Series 1 tasks. These are social tasks, such as following or interacting with their social media accounts. Once you have completed all the tasks, you will be able to mint the Babylon Beacon NFT. We note the team recently removed the minting cap for the NFT!
Stake testnet Babylon tokens
Go to the Babylon testnet staking page immediately when it goes live in 1 day. Stake your $sBTC and $BBN on the Babylon testnet. Owing to the many people unsuccessfully trying to claim testnet tokens, the Babylon team have reduced the minimum staking amount to 0.0002 sBTC and 1,000 satoshis in fees. Note you are required to stake your $sBTC and $BBN for at least 7 days. Remember to return to this Babylon ($BBN) token airdrop guide when the time comes for more details!
Complete Zealy quests
Connect to Babylon’s Zealy page and complete the tasks. Their Beacons Ambassador Program is relatively easy to complete and requires you to simply create content for Babylon. Upon completing the 8 tasks, you will unlock higher levels and Discord roles, such as Knight and Vanguard. Additionally, this achievement may also serve as an eligibility criterion for any potential airdrops.
Claim Bitcoin Pioneer Pass NFT
Claim your commemorative Bitcoin Pioneer Pass NFT during the seven-day claim period at launch. The supply is limited and is first come, first serve. The deadline for minting the Bitcoin Pioneer Pass NFT is 6th March 2024.
Complete Babylon Series 2 Galxe tasks
Note you must have the Babylon Bitcoin pioneer pass NFT before you can complete the Babylon Series 2 Galxe tasks.
Optional: Run a Babylon node
Running a node on Babylon can be difficult as it requires coding knowledge, and you need resources to do so as it needs to be operational 24/7. Running a node can cost around US$20-30 per month. The nodes need to be operational all the time because projects may not reward inactive nodes or those that are not selected as validators. However, the rewards may be substantial.
Learn how to set up a Babylon node with our two-part series! PART 1 & PART 2
Frequently Asked Questions (FAQs)
How can I get the BBN token airdrop?
To get the $BBN airdrop, you will need to complete a series of tasks and quests on various platforms, such as Galxe, Zealy, and Babylon’s own testnet. You also need to have OKX and Keplr browser wallets and get some testnet tokens from faucets.
How to add Babylon testnet?
Open your Kepler wallet, click the top left corner and select “Add more chains.” Then, search for “Babylon” and add the Babylon Testnet. Once done, return to the top left corner and choose “Manage Chain visibility.” Search for and select the Babylon chains, then click “Save.”
How to find my Signet BTC ($sBTC) address?
To find your Signet BTC ($sBTC) address, open your OKX wallet and click on $sBTC to find your BTC Signet address.
How to find my Babylon testnet ($BBN) address?
To find your Babylon testnet ($BBN) address, go to your Keplr wallet and click “Copy Address”. There you will find your Babylon testnet address.
What is the minimum staking amount for testnet Babylon ($BBN)?
The minimum staking amount to 0.0002 $sBTC and 1,000 satoshis in fees.
tea Protocol ($TEA) is a decentralized protocol that rewards people who create and maintain open-source software. It helps make sure that these developers get recognized for their hard work, and it keeps the software world reliable and secure. In our previous video, we’ve reminded you to sign up for the waitlist. Now the incentivized testnet has just launched and you can now start completing tasks. More importantly, they have confirmed they will do an airdrop when its mainnet and $TEA token launches on 12th June 2024! Here is our tea Protocol ($TEA) token airdrop guide.
Check out our step-by-step guide!
https://www.youtube.com/watch?v=71MPf2VGQ3E
What is Tea ($TEA)?
tea is a decentralized protocol that aims to reward open-source developers for their contributions to the software supply chain.
tea uses a Proof of Contribution algorithm to measure the impact and value of each open-source project and distribute TEA tokens accordingly.
tea also incorporates a reputation system and a staking and slashing mechanism to ensure the quality and security of the open-source software and prevent malicious attacks.
tea enables package maintainers, users, supporters, and tasters to participate in the protocol and benefit from the open-source economy.
tea is governed by a decentralized autonomous organization (DAO) that allows active contributors to propose and vote on protocol parameters and features.
What is the Tea ($TEA) token?
Here are the main features of the tea Protocol ($TEA) token:
A cryptographic token for the tea Protocol: The TEA token serves as the access key to certain parts and features of the tea Protocol, a decentralized system for rewarding and securing open-source software.
A medium of exchange and reward: The TEA token can be used to contribute to the security of the software supply chain by challenging and reviewing packages, to reward the open-source developers of registered projects, and to participate in the governance of the tea Protocol.
A staking mechanism: The TEA token can be staked by package maintainers, supporters, and tea tasters to demonstrate their commitment and reputation, as well as to influence the distribution of rewards and penalties within the protocol.
A fixed supply token: $TEA has a maximum supply of 10 billion, which will be distributed across various stakeholders according to a predefined schedule. The token distribution and emission will be the subject of a dedicated technical paper.
Will there be a tea ($TEA) token airdrop?
tea have already announced the details of their tea ($TEA) token airdrop. tea have confirmed they will be an airdrop and that the points you earn by doing the incentivized testnet tasks will be converted to the airdrop. Also, their mainnet and $TEA token will launch on 12th June 2024. So, it is expected that participants will get their airdropped $TEA tokens then. As a general tea testnet participant you can get a maximum of around 1,000 points for doing tasks. But you can get a lot more if you complete the tasks that requires you to be a top developer on their protocol.
Click on your profile and navigate to the “Settings” section. Add your email address and complete the required information such as giving them a bit of information about yourself. You will earn points for doing this. We recommend you do this ASAP as there is a limited time 5x point boost for completing this.
Check task status on dashboard
Go to the tea Testnet dashboard by clicking the second button on your left. Here, you will see a lists of the quests to be completed.
Get Discord roles
Join the tea Protocol Discord. Earn XP points from posting and completing activities such as social engagement and answering questions. XP Points will be awarded every Monday for the previous week. You can earn roles after getting more than a certain number of XP Points.
Optional: Get a top 10% rated project on tea Protocol.
If you are a developer, register your open-source project on tea Protocol by going to “my OSS projects” and clicking “Register a New OSS Project”. Make sure your project has contributors and dependencies, as these are essential for eligibility. If your project earns a teaRank in the top 10% you can get 25,000 points!!
Kryptonite is the largest liquid staking protocol in the Sei ecosystem, and they are currently running a series of airdrop campaigns. Participants can potentially win both $SEI tokens and Kyrptonite’s native token $SEILOR. This is our Kryptonite ($SEI, $SEILOR) double token airdrop guide.
Check out our Kryptonite airdrop video guide!
https://www.youtube.com/watch?v=CIohPq0nuoA
What is Kryptonite?
Kryptonite is a decentralized automated market maker (AMM) and staking protocol built on the Sei Network. It serves as a crucial component within the Sei ecosystem, offering several features:
Liquid Staking: Kryptonite enables SEI liquid staking, allowing users to stake their SEI tokens while maintaining the flexibility to exit, leverage, or transfer their positions at any time.
Capital Efficiency: By working with any bAssets on the Cosmos blockchain and beyond, Kryptonite aims to bring capital efficiency to the Sei Network. It acts as a de facto bond market, enhancing the overall efficiency of the network.
SEILOR Token: Kryptonite is launching the $SEILOR token, which plays a pivotal role in the Sei DeFi ecosystem. As the first mover in building Sei DeFi, Kryptonite provides a necessary protocol for every SEI user.
What is the $SEILOR token?
$SEILOR is the native token of Kryptonite. The purpose of the $SEILOR token is to facilitate SEI liquid staking, allowing users to stake their SEI tokens while maintaining flexibility in managing their positions. According to their tokenomics, 35% of their tokens are allocated towards community rewards, which could include airdrops. In particular, 28.6% of the $SEILOR tokens are still locked for distribution until May 2026. This means there are many more potential airdrop opportunities to come!
How to get the Kryptonite token airdrop?
Time needed: 45 minutes
Here’s our guide on how to get the Kryptonite double token airdrop. What you will need to do is to collect The Perfect Trifecta i.e. Seiman NFT, Kryptonite Medal and a completed Dragon Card.
Get Seiman NFT
The Seiman NFTs have already been minted out. However, you can still buy them on the secondary market such as Pallet Exchange. Seiman NFTs cost around 70 $SEI i.e. around US$62.86.
This ends in 15 days! Connect your Keplr wallet to https://app.kryptonite.finance/dragonBox, making sure that you are on the Sei network. There, buy a Dragon Card Mystery Box for 10 $SEILOR each and open them. Note, to get $SEILOR, you will need to go to Astroport and swap $SEI for $SEILOR.
One strategy is to open 10 boxes at a time because each box contains a dragon card piece. You will need to collect all 6 dragon card pieces in order to build the ultimate dragon card. For reference, we opened 40 boxes in order to collect the 6 pieces, costing us a total of 400 $SEILOR (around US$33.14). However, how much you ultimately spend will depend on luck, and there are some people on Discord who have said they spent around US$100 before they got all the pieces.
USDT and coupons valued up to 700 USDT: New user rewards are exclusive benefits for recently registered KuCoin users. Rewards are granted to users upon completing specific tasks, including signing up, making their first deposit or crypto purchase, executing their first trade, and engaging in pro trading. To qualify, users must fulfil the corresponding tasks within 30 days of creating their KuCoin account.
Chinese New Year (Lunar New Year) has a strong influence on cryptocurrency prices, with Bitcoin prices decreasing in the months leading up to the New Year. This article examines the trend and the possible reasons why it happens. Chinese New Year is celebrated on a different day each year as it is based on the Lunar Calendar.
This year, Chinese New Year will begin on 10 February and end on 13 February. During this time many Chinese Over-the-Counter (OTC) services will be closed – leading to high crypto volatility.
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*Data based on Bitcoin Prices on CoinGecko. Pre-CNY Highs taken as average candle price up to 7 days before the New Year.
This period is a public holiday in China, as many employees make the annual trip back to their hometowns to celebrate with their families. With a population of 1.386 billion, this represents the largest short-term migration in the world. During this time, I also came across some fascinating information about the best Plinko gambling sites, which offer unique and engaging gaming experiences for enthusiasts. All factories in China close during this period, with operations frozen for up to 2 weeks as logistics companies and suppliers slowly open up. Chinese New Year is also celebrated in other Asian countries such as Hong Kong, Singapore, and Korea (Korean New Year). China will also be rolling out a feature allowing people to send red packets containing its digital currency eCNY/DCEP. However, it’s important to note that during this time cryptocurrency exchanges will still operate and facilitate trading around the clock.
Chinese New Year Dump in 2019, 2020, 2021, 2022 and 2023?
Bitcoin prices would almost always drop in the weeks leading up to Chinese New Year.
For example, in 2019, Bitcoin prices dropped steadily from $3,491 right before the Chinese New Year to lows of $3,397 during the holiday.
In 2020, prices fell below the USD$8.3k resistance before Chinese New Year. There was a recovery back to USD$8.5k on the first day of the holidays. However, history cannot help but repeat itself, and within the same day plummeted back below USD$8.3k. Prices then remained stagnant and only made a marked recovery on the last day of the holidays.
In 2021, the tides seemed to have turned with a gradual increase from $32k to $39k in the first week of February, and a huge 2-day rally up to $48k in the few days leading up to the festival. However, during Chinese New Year, prices still began retracing to $46.2k. Fortunately, this did not wipe out the pre-Chinese New Year rally.
2021 Chinese New Year Bitcoin prices (Source: CoinGecko)
In 2022, prices took a sharp nosedive to sub USD$37 levels just before the holidays. Bitcoin prices then rose sharply towards a peak of over USD$39k midway through the Chinese New Year holidays. However, this euphoria was short-lived, and prices took a steep tumble to USD$36.5k on the last day of the Chinese New Year holidays. Essentially undoing the initial price rally a few days prior.
2022 Chinese New Year Bitcoin prices (Source: CoinGecko)
In 2023, prices pumped 1 day before the new year, ringing in a high of US$23,282.40 on the 1st day of Chinese New Year. Prices fluctuated between the US$22,500 and US$23,000 range during the duration of the holidays. However, ultimately closing at US$22,437.68.
Why do Bitcoin prices dump during Chinese New Year?
Decrease in Trading Volume?
Data compiled by CoinDesk Research shows the trading volumes on Binance, Huobi, and OKEx –the most popular cryptocurrency exchanges catering to Chinese customers – were down during the Chinese New Year period. A decrease in trading volume can also be seen during October each year when Golden Week (a 1-week celebration for National Day) in China takes place.
When large numbers of highly leveraged traders all bet on Bitcoin prices moving one way it creates an opportunity for other large investors (whales) to move prices in the other direction. Doing so triggers a cascade of liquidations, sending Bitcoin’s price into free fall and creating huge paper losses for leveraged long traders. The whales are then free to “buy the dip” at the expense of “rekt” traders.
Market Makers on Holiday
It is no secret that market makers and trading bots operate in the Cryptocurrency market – in fact, they are responsible for a portion of the market volume. Market makers located in China and other Asian countries will shut down operations for 3-5 days due to public holidays. Even though market making can be automated by trading bots and algorithms, it still requires humans to watch over the daily operation to make sure the is no malfunction.
During the Chinese New Year, market-making operations will be limited in capacity. This leads to more volatile and less liquid markets.
Cashing out for the New Year
Giving Red Packets filled with cash is a tradition
One of the possible reasons for the dip in Bitcoin prices is that people are “Cashing out” for the holidays. This is especially true in China because, during the festival, lucky packets packed with cash are traditionally given out to children and the elderly. These “red packets” are meant to symbolise luck and prosperity and is the only time when giving cash is not taboo in China.
Tradition dictates that married couples should give out red packets to young unmarried children, elderly and service personnel. Company Executives and managers should also give money to their subordinates – with some packets being filled to as much as the employee’s monthly wage.
Due to the huge amount of cash money required, some suspect that this tradition is responsible for the increase in Bitcoin Sell orders before Chinese New Year.
Chinese OTC Volume Drops
Bitcoin is traded in China via Over the Counter (OTC) desks. These OTC desks match orders from buyers and sellers and can offer escrow services. Top desks include Binance OTC and Huobi OTC.
Chinese New Year 2024 Bitcoin price predictions?
This year, Chinese analysts are already looking into the future and are optimistic for Bitcoin prices in the month after the Chinese New Year. They note that Bitcoin prices have generally gone up in the month after Chinese New Year. For example, in 2023, Bitcoin prices went up by 11.15% in the month after the new year, 13.9% increase in 2022, and 30.18%(!!) increase in 2021.
Prices have already been on the rise since 23rd January 2024 where prices were a at a low of US$38,678.18. Prices have been skyrocketing since 7th February 2024, and have crossed the US$46,000 on 9th February 2024! This was already predicted by some analysts on Weibo, saying that prices will not dip, and to welcome the bull market during Chinese New Year.
Crypto analysts have found that Bitcoin prices would almost always drop in the weeks leading up to the Chinese New Year. Hence in the weeks before and during the “Chinese New Year Dump”, traders expect huge volatility in crypto prices.
Why is there a Chinese New Year Bitcoin dump?
Chinese New Year marks the longest extended holiday in China. This period marks the world’s largest short-term migration as people return to their hometowns to visit family. People also cash out to send money back to their families and gift children “red packets”. Therefore, crypto prices dump during Chinese New Year as there is lower trading volume when everyone has “cashed out” their crypto or is busy celebrating.
When is Chinese New Year in 2024?
This year, Chinese New Year will begin on 10 February and end on 13 February.
