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Author: Ronal Thapa

  • StarkNet ($STRK) Token Airdrop Guide: Are you eligible?

    StarkNet ($STRK) Token Airdrop Guide: Are you eligible?

    StarkNet is another major ZK-rollup player, and its mainnet is launching soon. StarkNet has just released its airdrop eligiblility critiera. In this article, we will explain StarkNet what you can do to receive its airdrop and the eligibility criteria to see if you can get their airdrop.

    Check out our zkSync Airdrop Guide and Scroll Airdrop Guide for another highly anticipated ZK-rollup airdrop.

    StarkNet ($STRK) Airdrop Step-by-Step Guide

    Here’s how to receive a potential StarkNet ($STRK) token airdrop:

    1. Set Up and Use Argent X Wallet
    2. Bridge to StarkNet
    3. Interact with 10KSwap
    4. Interact with zkLend
    5. Bridge out of StarkNet
    6. Mint an NFT on MintSquare
    7. Mint a Starknet ID
    8. Lend assets on Nostra

    See below for more details!

    What is StarkNet?

    StarkNet is a permission-free, decentralized Validity-Rollup (or “ZK-Rollup”) that works as a secondary network on top of Ethereum. This allows any decentralized application to have unlimited computational capacity without sacrificing the security and compatibility of Ethereum. This is because StarkNet utilizes STARK, the most secure and scalable cryptographic proof system. The contracts and operating system of StarkNet are coded in Cairo, which enables the deployment and expansion of any kind of business logic. StarkNet’s alpha v0.11.0 has just gone live on Testnet. The mainnet upgrade to Starknet alpha v0.11.0 will be decided by a governance vote.

    A Closer Look at ZK-STARK

    ZK-STARK (Zero-Knowledge Succinct Transparent Argument of Knowledge) is a type of zero-knowledge proof system that guarantees the accuracy and confidentiality of computations on blockchain systems through innovative cryptographic proofs and advanced mathematics. They allow blockchains to move computations through a single off-chain STARK prover, and then confirm the validity of these computations through a STARK Verifier on the blockchain network.

    Who is the Team behind StarkNet?

    StarkNet is developed by StarkWare Industries, an Israeli software company that specializes in cryptography. The company employs 70 people and has a large team of blockchain engineers. They also work with some of the top advisors in the blockchain industry including Joseph Lubin, the CEO and founder of ConsenSys, the company behind MetaMask.

    In May 2022, StarkWare successfully raised $100 million in a Series D funding round led by Greenoaks Capital and Coatue. That puts the company’s estimated value at $8 billion.

    Leading DApps on StarkNet Ecosystem

    A variety of teams and individuals are taking part in building StarkNet and its developer tools. Some of the notable ones include Alchemy, Argent, Infura, Ledger, and OpenZeppelin. Moreover, there are hundreds of DApps, services, and wallets building on the StarkNet ecosystem.

    StarkNet Ecosystem

    Does StarkNet have a Token?

    Yes, StarkNet has deployed their token on the Ethereum Mainnet, with its ticker symbol as STRK. However, the tokens are not up for sale yet, as the Foundation is still determining the mechanism for distributing them. This also involves incentive mechanisms for the community, which means a potential incoming airdrop.

    When Will StarkNet Do a Potential Token Airdrop?

    Rumours are that StarkNet will do a token airdrop in early 2024. This is because other protocols in the StarkNet ecosystem such as Nostra ($NOS) and Ekubo have also confirmed they will launch a token. And it is expected that these protocols will launch their own tokens soon after StarkNet does.

    How to Receive Potential StarkNet Token Airdrop?

    The best chance to receive $STRK airdrop is to interact with their testnet. Moreover, some protocols on StarkNet also do not have a token yet. Using their DApps could put you in a position to receive their airdrops as well, allowing you to earn additional rewards!

    Here’s how to receive a potential StarkNet ($STRK) token airdrop:

    1. Set Up and Use Argent X Wallet
    2. Bridge to StarkNet
    3. Interact with 10KSwap
    4. Interact with zkLend
    5. Bridge out of StarkNet
    6. Mint an NFT on MintSquare
    7. Mint a Starknet ID

    Set Up and Use Argent X Wallet

    MetaMask does not currently support the Alpha Mainnet, so it is unable to integrate with the StarkNet Layer 2 network. The only option for using StarkNet is through the Argent X wallet. Argent X is the first wallet on StarkNet and is widely used as the main ecosystem wallet with over 400,000 users and is backed by leading investors such as Paragim, Index Ventures, and StarkWare Labs. You can install the browser extension for Argent X at Google Chrome or Mozilla Firefox. Then, create an account on Mainnet. Afterward, you can send and receive funds, discover new NFTs, and swap using Argent X.

    Argent X

    Bridge to StarkNet

    To be included in the snapshot, it is important to bridge funds to the StarkNet network. To do this, we recommend using Orbiter Finance. This is usually the cheapest and fastest option. It may also make you eligible for any potential Orbiter Finance airdrop.

    Check out our Orbiter Finance Token Airdrop Guide!

    You can also use StarkGate which is the official bridge built and deployed by the StarkWare team. Connect your wallet and send ETH tokens from mainnet to StarkNet. Minimal amounts should suffice as long as you frequently use the bridge.

    StarkGate

    BONUS: Bridge funds from zkSync Era network to Starknet to position yourself for a potential zkSync ($ZKS) token airdrop too!

    Check out our zkSync ($ZKS) Token Airdrop Guide!

    Interact with 10KSwap

    10KSwap is an AMM DEX that is a fork of UniSwap deployed on the StarkNet mainnet. To be included in the snapshot, it is recommended to swap tokens frequently and provide liquidity to pools. This gives you a good chance of being eligible for the airdrop.

    10KSwap

    Interact with zkLend

    zkLend is a money market that is native to the StarkNet ecosystem. To be eligible for the airdrop, you can try depositing and lending money to earn yields, which is similar to traditional DeFi applications such as AAVE or Compound. Additionally, zkLend is also doing their own airdrop soon. Check out our zkLend Airdrop Guide for more information.

    zkLend

    Bridge out of StarkNet

    You can also use another bridge to withdraw funds from StarkNet such as Orbiter Finance. This approach of utilizing two bridging platforms acts as a safety measure in the event that the airdrop covers one of them. Additionally, there’s a possibility of receiving a higher multiplier for the StarkNet airdrop by using both bridges.

    Orbiter Finance

    Mint an NFT on MintSquare

    MintSquare is an NFT platform integrated with both zkSync and StarkNet You can mint an NFT by uploading the supported media of any picture you want. Don’t forget to switch the network to StarkNet, not zkSync. Give it a name, some attributes, and click mint. Voilà! You have yourself a newly minted NFT on StarkNet.

    MintSquare

    Mint a Starknet ID

    Connect your Argent X wallet to https://app.starknet.id/. Choose your username and enter the details to mint your Starknet ID. Note each Starknet ID costs 0.009 ETH per year.

    Deposit assets to Nostra

    Nostra ($NOS) is a DeFi protocol on the StarkNet ecosystem that allows users to lend, borrow, and trade crypto. Nostra is at a relatively early development stage and only their lending feature is available. So, it is worth trying out this feature and following them to try other features as they are released.

    Check out our Nostra ($NOS) token airdrop guide!

    StarkNet token airdrop eligibility criteria: Am I eligible?

    StarkNet has just released their token airdrop eligibility criteria! To see if you are eligible, simply connect your wallet HERE.

    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: The StarkNet Foundation is currently planning out the distribution mechanism for the token, which means an airdrop is likely.

    Token Allocation: The STRK token has a total supply of 10 billion, 17% of which goes to investors, 32.9% goes to core contributors, and 50.1% to the StarkNet Foundation.

    Airdrop Difficulty: The mainnet is launching soon, which means the snapshot window is closing. But there are rumors that a second snapshot will take place after the mainnet launch, so it is recommended to use the most out of the mainnet.

    Token Utility: The STRK token has three main utilities: (1) staking to participate in StarkNet’s consensus mechanisms, (2) governance and voting, and (3) paying transaction fees.

    Token Lockup: Tokens allocated to shareholders, employees, and independent software developers will have a 4 year lockup period.

  • Arbitrum ($ARB) Token Airdrop: Arbitrum Odyssey how to guide

    Arbitrum ($ARB) Token Airdrop: Arbitrum Odyssey how to guide

    Arbitrum will airdrop over 1 billion $ARB tokens to its protocol users on March 23, 2023. The snapshot was taken in February, and at least three criteria must be met to qualify for the airdrop. Find out if you’re eligible and how to claim your Arbitrum token airdrop below.

    Check out our LayerZero Airdrop Guide for another highly anticipated token airdrop.

    Arbitrum ($ARB) Airdrop Step-by-step Guide

    Here’s how you can potentially claim your $ARB tokens faster and buy, sell, or trade your $ARB before everyone else:

    1. Make your own RPC endpoint on Alchemy.
    2. Pre-approve the token contract.
    3. Have sufficient ETH ready.
    4. Know where to trade $ARB.

    See below for more details.

    What is Arbitrum?

    Arbitrum is a layer-2 scaling solution designed to lower network congestion and transaction costs of Ethereum by offloading tons of computation and data storage from the main chain. It does this via the use of optimistic rollup — transactions on Ethereum are bundled up and transferred to a proprietary sidechain on Arbitrum (a secondary blockchain connected to the main chain). The transactions are then processed and sent back to the main chain after validation.

    source: ethereum.org

    What is an Optimistic Rollup?

    The optimistic rollup is the core element of Arbitrum. For those who do not know what an optimistic rollup is, we got you covered with a simple explanation.

    Optimistic rollups assume all transactions as valid, hence an “optimistic” outlook. There is a time period during which users can dispute any suspicious transactions contained in a bundle. If a fraudulent transaction is detected, a fraud proof is executed which basically runs the correct transaction computation using the data on the main chain.

    Since optimistic rollups do not perform any computation by default, it offers massive improvements in scalability. On the downside, potential fraud challenges of optimistic rollups could lead to delays in transactions, since progress comes to a halt until it the dispute is resolved.

    Arbitrum’s Version of Optimistic Rollup

    To provide context, optimistic rollups are compatible with the Ethereum Virtual Machine (EVM) and Solidity, which allow developers to port Ethereum-native smart contracts to rollups or even use existing tooling to create new decentralized applications (DApp). But for Arbitrum, it has its own virtual machine called Arbitrum Virtual Machine (AVM).

    Arbitrum’s AVM greatly improves optimistic rollups because it stores very little data on-chain for optimal scalability. Moreover, to address potential delays due to fraud challenges, the AVM uses pipelining to process multiple disputes, while verification nodes help speed up the process.

    This is called multi-round fraud proofs. Arbitrum uses a fine-combing approach to verify fraud proofs. It focuses on a particular point of disagreement over transaction history. Additionally, layer-2 transactions are not entirely executed on the main chain, rendering gas block limits irrelevant. As a result, this translates to higher network performance.

    Who is the Team behind Arbitrum?

    Arbitrum is developed by Offchain Labs, a New York-based startup committed to building innovative Ethereum scaling solutions. The company originated from the computer science research department of Princeton University, co-founded in 2018 by Harry Kalodner, Steven Goldfeder, and Ed Felten.

    In September 2021, Offchain Labs raised $120 million in a Series B funding round from the likes of Alameda Research, Pantera Capital, Lightspeed Venture Partners, and many other major crypto venture capitals. The team has since then expanded to a global community of developers, academics and operators, with deep experience in cryptography, decentralized systems, and game theory.

    Leading DApps on Arbitrum Ecosystem

    Arbitrum’s layer-2 network allows developers to build and deploy highly scalable smart contracts at low cost, while benefitting from Ethereum’s robust layer-one security. Since its launch last year, the Arbitrum ecosystem has greatly expanded, ranking 6th in all chains total value locked with 129 integrated protocols.

    source: news.cryptorank.io/

    Some of the top decentralized finance (DeFi) protocols include Uniswap, Curve, Aave, Balancer, and SushiSwap. Additionally, Arbitrum is not without its native protocols built on the blockchain which include GMX, Radiant, Dopex, and Vesta Finance.

    $ARB Token

    $ARB will solely function as a governance tool for the Arbitrum protocol, unlike ETH which is used to pay fees on both Ethereum and Arbitrum. The governance process of Arbitrum DAO will be autonomous, allowing votes to directly modify the core code of Arbitrum.

    The total supply will be 10 billion, with the Arbitrum community controlling 56%. The airdrop will distribute 12.75% (i.e. 1.275 billion $ARB) to eligible users on 23rd March 2023. The rest of the community tokens will be allocated to a treasury governed by the Arbitrum DAO, allowing ARB holders to vote on fund disbursement.

    The remaining 44% will be given to Offchain Labs’ investors and employees, who developed Arbitrum. These tokens will be subject to lock-up periods and vesting schedules. Notably, the proportion of ARB reserved for insiders is higher compared to similar projects, such as Optimism, which allocated 36% of its OP tokens to investors and core contributors.

    $ARB Airdrop Eligibility: How to claim Arbitrum $ARB token airdrop

    According to Nansen, 625,143 wallet addresses are eligible for the Arbiturm $ARB token airdrop. You can check on arbitrum.foundation to see if you are eligible. If you are eligible, Arbitrum will directly airdrop to your wallet on 23rd March 2023. There are 6 airdrop criteria, and at least 3 must be met based on a snapshot taken on 6th February 2023 in order to qualify for the airdrop:

    1. Bridge to Arbitrum

      Bridged assets into Arbitrum One or Arbitrum Nova.

    2. Transactions Over Time

      Conduct transactions at least 2 months prior to the snapshot taken in February. The longer the timeframe, the more tokens you will receive.

    3. Transaction Frequency and Interaction

      Conduct more than 4 transactions or interact with more than 4 smart contracts. The higher the number, the more tokens you will receive.

    4. Transaction Value

      Conduct transactions with more than $10,000 in aggregate value. The higher the value, the more tokens you will receive.

    5. Assets Bridged to Arbitrum One

      Deposit more than $10,000 worth of assets to Arbitrum One. The more assets you deposit, the more tokens you will receive.

    6. Activity on Arbitrum Nova

      Conduct more than 3 transactions on Arbitrum Nova. The more transactions are carried out, the more tokens you will receive.

    How to claim Arbitrum ($ARB) token faster?

    Arbitrum has confirmed its airdrop can be claimed on 23rd March 2023 when the Ethereum chain reaches block 16890400. It is very likely that the Arbitrum network will be very congested during that time as users are anxiously waiting to get their tokens to potentially trade on exchanges. However, there are ways to be faster at the Arbitrum airdrop claim, and how to buy, sell or trade your $ARB before anyone else. Note however this carries risks. You may risk ending up being slower than others, lose your gas fees and even your $ARB, so proceed with caution. Here’s how you can potentially claim your $ARB tokens faster and buy, sell, or trade your $ARB before others:

    1. Make your own RPC endpoint on Alchemy.
    2. Pre-approve the token contract.
    3. Have sufficient ETH ready.
    4. Know where to trade $ARB.

    Make your own RPC endpoint on Alchemy

    Here’s how to make your own RPC endpoint on Alchemy:

    1. Sign up for Alchemy here.
    2. Create an app for Arbitrum. Make sure you select “Arbitrum” under “Chain”.
    3. Click “View Key” on the main page. There, you will get an RPC https URL.
    4. Add a network on MetaMask. Go to “Settings”, “Networks”, “Add network” and “Add network manually”. Under “New RPC URL”, enter the RPC https URL from Alchemy. Then under “Chain ID” enter 42161, “ETH” as the Currency Symbol, and “https://arbiscan.io” under Block Explorer.

    Pre-approve the token contract

    To be even faster than everyone else in claiming $ARB, you can pre-approve the Arbitrum token contract on protocols such as 1inch and Uniswap. To do this, go to the $ARB smart contract and click “Write as Proxy”. Then, connect your wallet. Under spender, fill in the address for either Uniswap or 1inch. Finally, fill in the number of $ARB you want to trade with that smart contract. For example, filling in 20000000000000000000000 will mean you are approving 20,000 $ARB to be traded.

    Have sufficient ETH ready

    This is to pay for gas fees when trading $ARB. Note you will have to bridge your ETH to Arbitrum.

    Know where to trade $ARB

    These exchanges have confirmed they will offer trading for $ARB:

    • ByBit (Sign up here!)
    • Binance
    • Bitfinex
    • Kucoin
    • OKX
    • Bitmart
    • Bitfinex
    • Huobi
    • Bitget
    • Bitrue
    • Gate.io
    • MEXC

    Will there be another Arbitrum $ARB token airdrop?

    Arbitrum’s latest Tweet announces a return of the Arbitrum Odessey. The Arbitrum Odessey was a 7 week journey filled with tasks to complete in order to obtain badges. These badges are NFTs which may lead to future rewards.

    The upcoming round of Arbitrum Odyssey will begin on 26th September at 12:00pm EDT.

    Arbitrum Odyssey: How to guide

    The Arbitrum Odyssey is a new round of activites involving the Arbitrum ecosystem and a chance to collect custom badges starting on 26th September at 12:00pm EDT. There is speculation that participating in this 7-week journey may result in a potential airdrop as a reward. Here’s our ultimate how to guide to completing the tasks on the Arbitrum Odyssey.

    Week 1- Enter the Odyssey

    Go to the Arbitrum Galxe Page and complete any of the following tasks in their list. Then, mint your Enter The Odyssey NFT.

    Week 2- Signs of Life

    Here’s our how to guide for completing the tasks on week 2 of the Abritrum Odyssey

    • Complete tasks on Tofu NFT Galxe page. This includes following their Twitter and selling/buying an NFT on their platform.
    • To sell/buy an NFT on Tofu NFT, go to https://tofunft.com/arbi and connect your wallet. Scroll down to “Discover” and apply the following search filters: Type- Fixed price, Sort- Price: Low to High. Buy the cheapest NFT or list some NFTs for sale.
    • Mint your Signs of Life NFT.
    • Complete Pulsar in the Distance task on Galxe. Connect your wallet to Abroad Exchange. Deposit funds by clicking on the top right-hand corner and “Deposit”. Then, make a perpetual trade on Abroad Exchange. Be careful when trading because you may be at risk of liquidation, and you will be using real funds! Mint your Pulsar in the Distance NFT.

    Week 3- Pulsar in the Distance

    Here’s our how to guide for completing the tasks on week 3 of the Abritrum Odyssey

    Go to Abroad Exchange and deposit funds on the exchange. Then, make a perpetual trade. Note that you will be using actual funds for this. Finally, return to their Galxe page and mint your NFT.

    Arbitrum 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: Arbitrum will airdrop $ARB to eligible users on 23rd March 2023.

    Airdropped Token Allocation: 1.275 billion $ARB (12.75% of the total token supply) will be distributed in this airdrop.

    Airdrop Difficulty: The criteria listed are fairly easy to complete.

    Token Utility: The token will solely function as a governance tool for the Arbitrum protocol.

    Token Lockup: 44% of the tokens allocated to the team and investors are subject to a 4-year lockup.

    Frequently Asked Questions (FAQs)

    What is Arbitrum?

    Arbitrum is a layer-2 scaling solution. It aims to reduce Ethereum’s network congestion and transaction costs. Arbitrum does this by offloading computation and data storage from the main chain.

    When is the Arbitrum token launch?

    The Arbitrum token was launched on 23rd March 2023.

    How do I claim Arbitrum ($ARB) tokens?

    Arbitrum will airdrop $ARB tokens directly to your eligible wallet address via MetaMask, Trust Wallet, Coinbase Wallet, Brave or Ledger.

    How to be eligible for the Arbitrum ($ARB) airdrop?

    There are 6 airdrop criteria, and you must meet at least 3 to qualify for the airdrop: (1) bridged to Arbitrum One or Arbitrum Nova, (2) conduct transactions at least two months before the snapshot in February, (3) conduct at least 4 transactions or interact with at least 4 smart contracts, (4) conduct transactions with at least $10,000 in aggregate value, (5) deposit at least $10,000 on Arbitrum One, (6) conduct at least 3 transactions on Arbitrum Nova.

    How do I check if I am eligible for the Arbitrum ($ARB) airdrop?

    To check your eligibility, go to arbitrum.foundation and connect your wallet. Then click “Check eligibility”.

    When can I claim the Arbitrum $ARB token airdrop?

    the $ARB token airdrop can be claimed on 23rd March 2023 when the Ethereum chain reaches block 16890400

    What is the fastest way to claim the Arbitrum $ARB token airdrop?

    Here’s how you can potentially claim your $ARB tokens faster and buy, sell, or trade your $ARB before others:
    1. Make your own RPC endpoint on Alchemy.
    2. Pre-approve the contract.
    3. Have sufficient ETH ready.
    4. Know where to trade $ARB.

    Note however this carries risks. You may risk ending up being slower than others, lose your gas fees and even your $ARB, so proceed with caution.

    Where can I buy Arbitrum token?

    You can buy, sell or trade the Arbitrum token on following cryptocurrency exchanges: ByBit (Sign up here!), Binance, Bitfinex, Kucoin, OKX, Bitmart, Bitfinex, Huobi, Bitget, Bitrue, Gate.io, MEXC.

    What is the Arbitrum token price?

    As of 24th March 2023, Arbitrum token price is US$1.40. Its all-time high price was US$8.67, and an all-time low of US$1.11.

    What is the Arbitrum token contract?

    The Arbitrum token contract is: 0x912ce59144191c1204e64559fe8253a0e49e6548

  • Mantle Network ($MNT) Token Airdrop Guide: LIVE NOW!

    Mantle Network ($MNT) Token Airdrop Guide: LIVE NOW!

    Mantle Network is an Ethereum Layer-2 protocol developed by BitDAO, one of the largest decentralized autonomous organizations (DAOs), and a partner of Bybit. The public testnet is now live, along with a community incentive program. You can potentially earn $MNT token airdrops from using the protocol. In this article, we will explain what Mantle Network is and what you can do to position yourself for the airdrop.

    Sign up for Bybit today!

    Mantle Network ($MNT) Airdrop Step-by-step Guide

    Here’s how to receive a potential Mantle Network ($MNT) token airdrop:

    1. Set up Mantle Testnet
    2. Claim testnet $MNT tokens from Mantle Faucet
    3. Bridge Assets from Goerli to Mantle Testnet
    4. Complete Mantle Quests on Crew3 and join the Mantle Guild
    5. Bridge assets to Mantle Network mainnet
    6. Get $MNT tokens
    7. Vote on governance proposals
    8. Interact with dApps on the Mantle ecosystem

    See below for more details

    What is Mantle Network?

    Mantle Network is an Ethereum Layer-2 scaling solution created by BitDAO that focuses on enhancing security, reducing fees, and increasing transaction throughput. It leverages roll-up technology and adopts a modular approach to create a separate, decentralized data availability layer in collaboration with EigenLayer. By implementing this strategy, it accomplishes the following:

    1. Facilitates hyperscaled throughput for heavy-duty applications.
    2. Removes the need for forking capital to motivate validators, thus reducing the marginal cost of capital when setting up new protocols.
    3. Enables restaking mechanisms — re-staking allows anyone who has staked ETH on layer-1 to re-stake a pegged asset (stETH, rETH, cbETH, etc) and provide security to Mantle’s data availability layer.

    Does Mantle Network have a Token?

    Mantle Network uses $BIT, BitDAO’s governance token, as its native gas token. BitDAO has announced the approval of a proposal to deploy $100 million into the Mantle Ecofund, aiming to incentivize developers to build within the Mantle ecosystem. Additionally, the team is considering an airdrop for its testnet users. They have a subchannel on Discord where they discuss airdrop plans with the community.

    What is the $MNT and $BIT token?

    The $BIT token is BitDAO’s governance token. ByBit exchange is partnered with BitDAO and therefore use $BIT as their “unofficial official” token. Bybit frequently has campaigns and perks for $BIT coin and token holders. For example, there had a BIT Trading Fiesta where frequent $BIT traders on Bybit got up to US$100,000 in rewards. $BIT holders are also eligible for higher VIP levels and discounted trading fees.

    On 19th May 2023, BitDAO rebranded itself to become Mantle and most importantly, voted to covert its $BIT token to $MNT tokens at a 1:1 ratio. So now, the $MNT token will be used across the entire Mantle Network ecosystem, for its products and for governance.

    How do I convert my $BIT tokens to $MNT tokens?

    From 17th July 2023 at 6:00am UTC onwards for a period of 6 months, $BIT token holders can convert their $BIT tokens to $MNT tokens. Here’s how to convert or migrate $BIT to $MNT:

    1. Connect your wallet to https://migratebit.mantle.xyz/
    2. Approve the use of your $BIT tokens on your wallet.
    3. Enter the amount of $BIT tokens you wish to convert.
    4. Approve and wait for the conversion to be completed.

    How to receive a potential Mantle Network $MNT token airdrop?

    Here’s a step-by-step guide on how to receive a potential Mantle Network $MNT token airdrop:

    1. Set up Mantle Testnet

      Add Goerli network on your MetaMask via Chainlist. Then, claim Goerli testnet ETH to cover gas fees using Paradigm Faucet or Alchemy Faucet. Afterwards, add Mantle Testnet to MetaMask via Chainlist.

    2. Claim Testnet $MNT from Mantle Faucet

      Connect your wallet to the Mantle Faucet. Verify your Twitter and paste your wallet address. You can mint up to 1,000 $MNT testnet tokens.

      If you don’t see $MNT in your wallet, click “Import Token” and paste the following $MNT token contract address: 0x3c3a81e81dc49a522a592e7622a7e711c06bf354

    3. Bridge Assets from Goerli to Mantle Testnet

      Use the Mantle Bridge to transfer Goerli ETH and testnet $BIT to the Mantle Testnet.

      Switch the network to the Mantle Testnet. Import the token contract address of Goerli ETH, which will be shown as WETH on Mantle: 0xdEAddEaDdeadDEadDEADDEAddEADDEAddead1111

    4. Complete Mantle Quests on Crew3 and join the Mantle Guild

      Complete as many Crew3 quests as possible to get exclusive Discord roles. This could also be an eligibility criterion for the airdrop.

      You can also complete other quests on guild.xyz/mantle to obtain additional roles such as the BIT Delegate. For that, you will need to buy and hold at least 1 $BIT or $MNT, delegate them to your ETH address on delegate.bitdaotools.io, and vote on at least on BIT Improvement proposal (BIP) in the bitdao.eth Snapshot space.

      Crew3 and Guild tasks are not mandatory, but it could help your chances of getting the airdrop.

    5. Bridge assets to Mantle Network mainnet

      Bridge assets to Mantle using Orbiter Finance or the Mantle Bridge. This may make you eligible for a potential Orbiter Finance airdrop too! Check here for our guide on how to bridge assets to Mantle using Orbiter Finance.

      To bridge assets to Mantle Network using their bridge, go to https://bridge.mantle.xyz/ and deposit any tokens from Ethereum Mainnet to the Mantle Network. You will also get a dust bonus in $MNT for this!

    6. Get $MNT tokens

      Get some $MNT tokens. You can buy $MNT on exchanges such as ByBit, MEXC or Gate.io.

      Learn more about ByBit with our guide and review.
      Sign up for Bybit today!

    7. Vote on governance proposals

      Find governance proposals here and vote on them. Note you will need $MNT for this.

    8. Interact with dApps on the Mantle ecosystem

      Interact with dApps on the Mantle ecosystem. This may also make you eligible for any potential airdrops the ecosystem projects may have! Do note however you will be using real funds for this.

    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: BitDAO allocated $100 million to incentivize developers to build on the Mantle Network. Moreover, they are also considering conducting an airdrop for protocol users.

    Airdropped Token Allocation: Token allocations for the community are not yet confirmed.

    Airdrop Difficulty: The steps are easy to do. All you have to do is bridge testnet $BIT and ETH from Goerli to Mantle Testnet. Crew3 and Guild tasks are optional.

    Token Utility: $BIT, the native utility token of BitDAO, offers holders benefits like voting rights, revenue sharing, and exclusive access to features within the BitDAO ecosystem. This includes Mantle Network.

    Token Lockup: There is no information available on token lockup for airdrops.

  • Aark Digital ($AARK) Token Airdrop Guide: LIVE NOW!

    Aark Digital ($AARK) Token Airdrop Guide: LIVE NOW!

    Aark Digital is a decentralized perpetuals exchange built on Arbitrum. The team has mentioned on Discord that there will be an airdrop for the community in the future. In this article, we will briefly explain what Aark Digital is and what you can do to position for the airdrop.

    Aark Digital Airdrop Step-by-Step Guide

    Here’s how to get the Aark Digital token airdrop:

    1. Add Arbitrum Goerli to Wallet
    2. Get Galxe Role and Complete Tasks on Crew3
    3. Get Testnet Tokens
    4. Deposit on Aark Testnet Futures Account and Place Futures Orders
    5. Provide Liquidity
    6. Deposit into the Insurance Fund
    7. Deposit on Nitro LP (Mainnet Action)
    8. Get the Aark Digital Boarding Pass

    See below for more in-depth details!

    What is Aark Digital?

    Aark Digital is a derivatives decentralized exchange (DEX) built on Arbitrum. It is the first Peer-to-Pool perpetuals DEX custom built for professional traders. It offers abundant liquidity with 50+ trading pairs and any whitelisted assets as collateral. Cross-margin trading is also available. For liquidity providers, it offers leveraged LP, delta neutral LP and insurance fund.

    It is designed to provide a solution for the pain points of perp DEXs. Traders on the Aark platform are not required to sell assets they own to open a position. They can instead deposit these assets as collateral, which will be held until the user’s position is liquidated due to a loss.

    Does Aark Digital have a Token?

    $AARK is the native token of Aark Digital. The token is not launched yet, according to their Documentation, 31% of their token supply will be reserved for Community Rewards. So Aark Digital may do an airdrop. Currently, you can complete tasks to earn points, which will then be exchangeable for Mystery Tickets to eventually earn $AARK when the mainnet is launched.

    How to Get the Potential Aark Digital Token Airdrop?

    Time needed: 2 hours

    Aark Digital have announced a Traders of the Galaxy campaign which will allow participants to get an exclusive NFT and a Mystery Ticket which could hold $AARK rewards. The Traders of the Galaxy will start on May 19th, 2023, 11:00 AM (UTC) and ends on 24th June 2023 at 9:00am (UTC). You will also need to interact with the Aark Digital Testnet OR deposit USDC in the mainnet liquidity pool in order to be eligible for a future token airdrop. Here’s a step-by-step guide:

    1. Add Arbitrum Goerli to Wallet

      You can add Arbitrum Goerli via Chainlist on your MetaMask or other supported wallets. It is the testnet network for Arbitrum.

    2. Get Galxe Role

      Connect your wallet to Aark Digital’s Galxe page. Complete the social tasks to get 1 entry.

    3. Complete Tasks on Crew3

      Connect your wallet to Zealy (Crew3) and complete their social tasks.

    4. Get Testnet Tokens

      Connect your Metamask to Aark Digital and click “Receive” on the right hand corner to get testnet tokens. You will get 10,000 mock USDC, 0.5 mock BTC and 5 mock ETH. Note that you can no longer get testnet tokens via their Discord as their faucet has dried.

    5. Deposit on Aark Testnet Futures Account

      Go to Aark Testnet. Start by depositing some of your testnet tokens on your Futures account. Try not to deposit all as you will need some for the other features.

    6. Place Futures Orders

      Now you can start trading on the Futures page. Choose a trading pair to trade located at the left side of the screen. Then, place a market order or limit order on the right of the screen. Set the leverage ratio by moving the slide bar.

      You can see all of your created orders under the Position tab located at the bottom of the screen. Additionally, you can keep track of your previous orders under the Trade History tab. You will earn 1 point for every $100 of trading volume generated. You can also check your points earned here.

    7. Provide Liquidity

      Deposit some of your testnet tokens on your Liquidity Provider account. Then, go to the Liquidity page and open an LP position. Set the leverage ratio by moving the slide bar, and then place order to confirm.

    8. Deposit into the Insurance Fund

      You can also deposit test USDC in the Insurance Fund page. This feature allows you to earn from liquidation fees.

    9. Deposit on Nitro LP (Mainnet Action)

      If you wish to interact with more than just the testnet, you can provide liquidity to the Aark Digital Liquidity Pool on the Arbitrum mainnet. Connect your wallet to the Nitro LP page, and switch the network to Arbitrum One.

      Once you’re in, scroll down and you’ll see different tiers of LP products. Select a tier and approve USDC to deposit. Learn more about the risk ratio in their Medium article.

    10. Get the Aark Digital Boarding Pass

      To get the Aark Digital Boarding Pass, you will need to earn over 90,000 testnet points. You can earn testnet points by trading on Aark Digital’s testnet (see step 6 above). Once you qualify, go to Aark Digital’s Galxe page and claim the NFT.

    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: Aark Digital’s documentation states that 31% of its token supply would be reserved for Community Rewards, which could mean an airdrop.

    Airdropped Token Allocation: 31% of $AARK tokens would be allocated towards Community Rewards.

    Airdrop Difficulty: The testnet is very user-friendly and easy to use. For interacting with the mainnet, please do your own research as it involves real funds.

    Token Utility: $AARK is a fee-earning governance token of Aark Digital and entitles holders to various benefits.

    Token Lockup: The 31% of $AARK tokens allocated towards Community Reserves were not distributed at Genesis, but will be distributed each year over a total of 4 years as follows: 12.8%, 8.3%, 5.8% and 4.1%

  • Orbiter Finance Token Airdrop Guide: Huge gains to be made!

    Orbiter Finance Token Airdrop Guide: Huge gains to be made!

    Orbiter Finance is the hottest bridge for emerging layer-2 blockchains right now. They have confirmed they will issue a token. No airdrop has been officially announced yet, but it IS hinted. This means that no snapshot has been taken yet, and early users can potentially earn huge airdrop rewards. In this article, we will explain what Orbiter Finance is and what you can do to position yourself for their potential airdrop.

    Orbiter Finance Airdrop Step-by-step Guide

    Here’s how you can get a potential Orbiter Finance token airdrop:

    1. Connect your MetaMask or other Ethereum/Polygon/zkSync/Arbitrum wallet.
    2. Select the chain you want to send your assets to.
    3. Complete the transaction.
    4. Get Discord Roles
    5. Claim Orbiter Pilots NFT

    See below for more details.

    What is Orbiter Finance?

    Orbiter Finance is a decentralized bridge that supports cross-rollup transfers between Ethereum and other layer-2 blockchains such as zkSync and Arbitrum. Users can move ETH, USDC, USDT, and DAI between those supported networks.

    It is secured by a series of smart contracts that involves two roles: Sender and Maker. The Maker provides liquidity for the transfer initiated by the Sender. If the Maker does not carry out their role, the Sender can initiate an arbitration request to the contract with the Maker’s margin and receive compensation for any excess losses.

    Does Orbiter Finance have a Token?

    Orbiter Finance does not have a token yet, as they are currently focusing on developing the protocol and improving user experience. However, in a recent Tweet, they strongly hinted at issuing a token as well as a possible airdrop. Moreover, Orbiter Finance has closed its first round of funding with participation from Tiger Global, A&T Capital, StarkWare, and even Vitalik Buterin. As such, DeFi projects backed by major players tend to launch a token after product completion.

    How to Receive Potential Orbiter Finance Token Airdrop?

    The best chance to receive Orbiter Finance token airdrops is to bridge ETH or stablecoin assets between the 11 supported networks. Here’s how to get a potential Orbiter Finance airdrop:

    1. Connect your MetaMask or other Ethereum/Polygon/zkSync/Arbitrum wallet.
    2. Select the chain you want to send your assets to.
    3. Complete the transaction.

    Although it is recommended to bridge assets frequently to increase your airdrop chances, there will be a transaction fee. However, Orbiter will modify its fees based on the Gwei of the destination network to maintain a fee that is below the average, but this will not happen frequently due to the volatile nature of gas fees. The sender can view the current fee on the Orbiter website.

    Get Discord Roles

    Get higher ranking roles on Orbiter Finance’s Discord by completing tasks on their Guild page. The requirements for the Orbiter Finance roles are as follows:

    1. Member: Connect your wallet to the Guild page.
    2. Flying Alien: Have the UFO emoji in your Twitter username and follow Orbiter Finance’s Twitter.
    3. Trainee Pilot: Complete 3-9 transactions on Orbiter Finance.
    4. Pilot: Complete 10-49 transactions on Orbiter Finance.
    5. Elite Pilot: Complete 50-99 transactions on Orbiter Finance.
    6. Expert Pilot: Complete 100-499 transactions on Orbiter Finance.
    7. Ace Pilot: Complete 500 transactions or more on Orbiter Finance.

    You can check the number of transactions by connecting your wallet here. Note that the allowlist is only updated once a week on Mondays, so you will need to check the Guild page frequently. You must have a role of Trainee Pilot or above in order to be included in their allowlist.

    Claim Orbiter Pilots NFT

    Orbiter has created an NFT series for Orbiter Pilots (i.e. Orbiter users). There are 5 NFTs based on your Discord role. To claim your Orbiter Pilot NFT, connect your wallet to their Galxe Page and click “Claim”. Note you will need MATIC to pay for gas fees when claiming your NFTs.

    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: There is no confirmation of a token launch and airdrop by Orbiter Finance, but they hinted in their Tweet that they are considering issuing a token as well as a potential airdrop.

    Airdropped Token Allocation: Since there is no token launch yet, tokenomics data are not available.

    Airdrop Difficulty: If there is a potential airdrop, the steps to be eligible is fairly easy. All you have to do is connect your wallet on their platform and bridge assets to another chain. It is recommended to do this frequently, but be cautious of transaction fee.

    Token Utility: Since there is no token launch yet, token metrics are not available.

    Token Lockup: Since there is no token launch yet, tokenomics data are not available.

  • Shell Protocol ($SHELL) Token Airdrop Guide: LIVE NOW!

    Shell Protocol ($SHELL) Token Airdrop Guide: LIVE NOW!

    If you missed the Arbitrum ($ARB) airdrop, there are plenty of protocols building on Arbitrum that will conduct their own token airdrop. Shell Protocol is one of them, and they have confirmed an airdrop which will happen in Q3 2023. In this article, we will explain what Shell Protocol is and what you can do to position yourself for the airdrop.

    Shell Protocol ($SHELL) Airdrop Step-by-step Guide

    Here’s how to receive a potential Shell Protocol ($SHELL) airdrop:

    1. Connect Your Arbitrum Wallet to Shell Protocol
    2. Bridge ETH to Arbitrum One
    3. Purchase Expander NFTs
    4. Farm Shell Points
    5. Hold Toucan NFTs (Optional)

    See below for more details!

    What is Shell Protocol?

    Shell Protocol is a decentralized exchange (DEX) on Arbitrum that has two key features: Proteus and the Ocean. Proteus is an automated market maker (AMM) engine that allows builders to create custom AMMs without the need for Solidity coding. On the other hand, the Ocean is a shared multi-token ledger for composing DeFi building blocks. Through this model, users and developers can facilitate low slippage stablecoin swaps.

    Shell Protocol aims to establish an online monetary system using stablecoins as its building blocks. The term “shells” refers to liquidity provider shares, symbolizing containers for the pool’s value, akin to living shells housing organisms. As of now, Shell Protocol has over $10 million in total value locked (TVL).

    Does Shell Protocol have a Token?

    Yes, Shell Protocol will launch its $SHELL governance token in the future. Currently, the Shell team is tracking user contributions to the protocol via “Shell Points.” Any Shell Points earned in the previous season will be converted into “Crabs”, which is a fungible, on-chain, non-transferable placeholder for the future $SHELL token allocation at a 1:1 ratio.

    Shell Protocol has announced it will do an airdrop and the $SHELL tokenomics. At the Token Generation Event (TGE), 200 million $SHELL tokens will be created. 80m will go to investors, the core team, and the development company; 40m will be allocated for an initial airdrop; 50m for post-TGE incentives; and 30m for their DAO treasury. The TGE is expected to be in Q3 2023.

    How to Receive $SHELL Airdrops?

    To qualify for the $SHELL airdrop, you will need to earn Shell Points by interacting with the protocol. These points also compound over time, so the earlier you get in, the more points you earn. Here’s a step-by-step guide:

    1. Connect Your Arbitrum Wallet to Shell Protocol

      Go to app.shellprotocol.io and connect your MetaMask wallet. Switch the network to Arbitrum One.

    2. Bridge ETH to Arbitrum One

      If you don’t have funds in your Arbitrum One, you can bridge them over from the Ethereum Mainnet at bridge.arbitrum.io or Orbiter Finance.

    3. Purchase Expander NFTs

      In order to earn Shell Points, you will need to unlock quotas. You can unlock quotas by activating Expander NFTs in the Booty page. You can purchase them (aka Expanders) on OpenSea. The cheapest ones are around $10. The more expensive ones have higher quota limits.

      There are also other types of NFTs that can boost your points for several days.

      WARNING: Do not buy the NFTs that have no quota ratios on them!

    4. Farm Shell Points

      Once you’re in, go to app.shellprotocol.io/points. Scroll down and you can see all available liquidity pools on the protocol. You can earn points by providing liquidity or wrapping tokens at app.shellprotocol.io/trade. The quota is a cap on how many points you can earn.

    5. Hold Toucan NFTs (Optional)

      Government Toucans are a collection of Arbitrum NFTs launched by Shell Protocol. Holding one can give you additional quota to earn Shell Points. If you don’t have one, you can buy one at opensea.io/collection/government-toucans.

      Toucan holders can also vote on Shell Protocol’s proposals at snapshot.org/#/shellprotocol.eth.

    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: Shell Protocol has confirmed airdropping $SHELL tokens to protocol users in Q3 2023.

    Airdropped Token Allocation: 40m $SHELL (out of 200m) will be allocated toward an initial airdrop. So expect even more airdrops to come!

    Airdrop Difficulty: The tasks are fairly easy to complete, but you will need some real ETH or stablecoins to interact with the protocol.

    Token Utility: $SHELL is a governance DAO token.

    Token Lockup: TBD

  • ether.fi ($ETHFI) Token Airdrop Guide: Last chance for more points!

    ether.fi ($ETHFI) Token Airdrop Guide: Last chance for more points!

    ether.fi is a liquid staking protocol that is currently conducting its Early Adopter Programme. Users who staked ETH on the platform can earn bonus points, which could translate to an airdrop once the token is launched. The snapshot will be taken in mid-April, so don’t miss it!

    ether.fi ($ETHFI) Airdrop Step-by-Step Guide

    Here’s how to receive the $ETHFI token airdrop:

    1. Connect your wallet to the ether.fi mainnet.
    2. Stake ETH or ETH-pegged assets.

    See below for more in-depth details!

    What is ether.fi?

    ether.fi is a decentralized staking protocol that allows users to earn rewards by delegating staking to node operators. It is unique in that it is the only liquid staking protocol where stakers keep control of their keys while delegating staking to node operators and earning rewards. Users can deposit their ETH, wstETH, rETH, cbETH, sfrxETH into their Early Adopter Programme and earn rewards.

    The project’s smart contracts have been audited by reputable blockchain security firms CertiK and Zellic. They have also implemented a bug bounty program to incentivize security researchers to find vulnerabilities in their smart contracts.

    Project Funding

    Ether.fi has completed a $5.3 million funding round co-led by investors North Island Ventures (NIV) and Chapter One. The funding will be used to hire more engineers for the team and pursue further partnerships in addition to its current relationships with node operators such as Kiln and Finoa.

    Does ether.fi Have a Token?

    Yes, ether.fi is planning to launch its liquid staking derivative token $ETHFI. It will also function as a governance tool for the community.

    How to Get the $ETHFI Airdrop?

    As part of the ether.fi Early Adopter Programme, users who have staked ETH on the platform can earn bonus points, which could translate to an airdrop once the token is launched. The snapshot will be taken mid-April. Here’s a step-by-step guide:

    1. Connect Your Wallet to ether.fi

      Connect your MetaMask or other supported wallets to the ether.fi mainnet. Make sure the page is on “Early Adopter”. You can see this on the top middle of the screen.

    2. Stake ETH or ETH-pegged Assets

      You can stake ETH, rETH, cbETH, wstETH or sfrxETH on their Early Adopter Pool to earn loyalty points. The deposit amount may not be lower than 0.1. Once ether.fi is fully launched, you will be able to migrate your deposit to EtherFi staking.

      Loyalty points will help boost your staking rewards when ether.fi mainnet launches on 2nd May 2023.

      When ether.fi mainnet launches on 2nd May 2023, your staking rewards will be increased if you decide to stake with them and have loyalty points. There may also be a potential for extra airdrop!

      Keep in mind your points will reset after each deposit. You can withdraw at any time with no penalty, but you will lose your bonus points in doing so.

    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: ether.fi is currently conducting its Early Adopter Programme. Users who have staked ETH on the platform can earn bonus points, which could potentially convert to an airdrop upon the token’s launch.

    Airdropped Token Allocation: Their tokenomics is not yet available.

    Airdrop Difficulty: All you have to do is stake ETH or ETH-pegged assets on the platform. Make sure you have enough ETH to cover gas fees.

    Token Utility: $ETHFI is a liquid staking derivative token which also functions as a governance tool for the protocol.

    Token Lockup: Their tokenomics is not yet available.

  • MantleSwap ($MANT) Token Airdrop Guide: LIVE NOW!

    MantleSwap ($MANT) Token Airdrop Guide: LIVE NOW!

    MantleSwap is a decentralized exchange built on the Mantle Network, an Ethereum Layer-2 protocol developed by BitDAO, one of the largest DAOs and a partner of Bybit. The MantleSwap Incentivized Testnet recently launched, and early users could potentially earn token airdrops in the future!

    MantleSwap ($MANT) Token Airdrop Step-by-Step Guide

    Here’s how to get the MantleSwap ($MANT) token airdrop:

    1. Claim Goerli ETH from Faucets
    2. Add Mantle Testnet to MetaMask
    3. Mint $BIT Test Tokens
    4. Bridge $BIT to Mantle Testnet
    5. Claim Test Stablecoins at MantleSwap Testnet
    6. Swap Tokens
    7. Provide Liquidity
    8. Complete Zealy Tasks

    See below for more in-depth details!

    What is MantleSwap?

    MantleSwap is the premier decentralized exchange (DEX) built on the Mantle Network. It offers a suite of DeFi products for Mantle users, including an automated market maker (AMM) exchange, staking services, launchpads, lending, and GameFi.

    At its core, Mantle Network is a technology stack for scaling Ethereum and EVM-compatible blockchains. Mantle has been built with a modular architecture that uses an optimistic rollup with data availability solutions. This allows Mantle to inherit security from Ethereum and offer cheaper and more accessible data availability.

    Does MantleSwap Have a Token?

    Yes, MantleSwap plans to launch its native token $MANT. Details of its tokenomics, emissions rate, and contract address will be announced soon.

    Additionally, the MantleSwap team has hinted on Discord at a potential $MANT airdrop. They encourage community members to interact with the incentivized testnet and stress-test the network.

    How to Get the MantleSwap ($MANT) Token Airdrop?

    The best way to get the $MANT token airdrop is to interact with the MantleSwap Incentivized Testnet. These steps are also part of the Mantle Network ($BIT) token airdrop steps, which means you can potentially earn double the rewards! Here’s a step-by-step guide:

    1. Claim Goerli ETH from Faucets

      You will need Goerli ETH to mint $BIT test tokens and bridge them to Mantle Testnet. You can use the Alchemy Faucet or Goerli PoW Faucet.

    2. Add Mantle Testnet to MetaMask

      Add Mantle Testnet to your MetaMask wallet via ChainList.

    3. Mint $BIT Test Tokens

      Mint $BIT test tokens at the Mantle Testnet Faucet. The network is on Goerli Testnet.

    4. Bridge $BIT to Mantle Testnet

      Go to the Mantle Testnet Bridge, and transfer your $BIT from Goerli to Mantle Testnet. This process might take a while.

    5. Claim Test Stablecoins at MantleSwap Testnet

      You can use your $BIT to claim more test tokens at MantleSwap’s faucet.

    6. Swap Tokens

      Use the Swap feature, and swap some $BIT to $MANT. You can also swap between other available tokens.

    7. Provide Liquidity

      On the Swap page, click the Liquidity tab and deposit a token pair to provide liquidity. You can see your liquidity positions at the Pool page.

      You can also deposit liquidity into a stablecoin pool.

    8. Complete Zealy Tasks

      Join and complete Zealy tasks to unlock roles at MantleSwap’s Discord. These roles can help you earn more rewards in the future!

    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: Although MantleSwap has not yet officially announced a token airdrop, it is typical for incentivized testnets to reward early users upon the launch of the native token. Additionally, the MantleSwap team has hinted on Discord at a potential $MANT airdrop.

    Airdropped Token Allocation: The airdropped token allocation is yet to be announced.

    Airdrop Difficulty: Simply claim $BIT test tokens and bridge them to Mantle Testnet. Swap tokens and provide liquidity at MantleSwap as frequently as you can.

    Token Utility: The MantleSwap team will soon publish details about the utilities of $MANT.

    Token Lockup: There is no tokenomics yet.

  • EchoDex ($ECP) Token Airdrop Guide: LIVE NOW!

    EchoDex ($ECP) Token Airdrop Guide: LIVE NOW!

    EchoDEX is built on the Linea Network, a zero-knowledge Ethereum Virtual Machine incubated by ConsenSys. The testnet has recently launched, and the team has confirmed that users can earn $ECP airdrops by using the protocol!

    EchoDEX ($ECP) Token Airdrop Step-by-Step Guide

    Here’s how to get the EchoDEX ($ECP) token airdrop:

    1. Connect to Linea Goerli Test Network
    2. Claim Faucet Tokens on EchoDEX Testnet
    3. Swap Tokens
    4. Provide Liquidity
    5. Mint NFT
    6. Send Tweet and Wallet Address to Discord Testnet Proof Channel

    See below for more in-depth details!

    What is EchoDEX?

    EchoDEX is a decentralized exchange platform built on the Linea Network (formerly ConsenSys zkEVM). It is designed for fast and secure trading of cryptocurrencies with low fees. The platform features aggregator liquidity, which combines multiple liquidity pools from various platforms or exchanges to offer a more competitive rate to traders.

    In addition to trading, EchoDEX offers users the opportunity to earn $ECP tokens through various means, including swapping their cryptocurrencies, participating in their farming program, or staking their tokens. EchoDEX provides a reliable and convenient trading experience for all crypto enthusiasts with its user-friendly interface and top-notch security protocols.

    Does EchoDEX Have a Token?

    Yes, EchoDEX’s native token is $ECP. Although there are no released tokenomics, EchoDEX already uses it as an incentive reward as part of its “Swap to Get $ECP” program. Users who trade crypto can earn $CEP that will be airdropped directly into their wallet. The more trades you make, the more you earn!

    How to Get the EchoDEX ($ECP) Token Airdrop?

    The best way to get the $ECP token airdrop is to interact with the EchoDEX testnet. Here’s a step-by-step guide:

    1. Connect to Linea Goerli Test Network

      Go to the EchoDEX testnet and connect your MetaMask wallet. Switch the network to Linea Goerli Test Network or manually add it on ChainList.

    2. Claim Faucet Tokens on EchoDEX Testnet

      On the EchoDEX Faucet page, you must first follow their Twitter and join their Discord. After doing so, you can claim 0.03 LineaETH once per day.

    3. Swap Tokens

      Use the Swap feature. If you encounter gas issues, try swapping again or wait until you can claim more faucet tokens to cover gas fees.

    4. Provide Liquidity

      Deposit your token pairs at the Liquidity Pool page. As a liquidity provider, you can earn swap fees.

    5. Mint NFT

      Claim a free EchoDEX NFT to mark your place in the EchoDEX community! Remember to import the NFT address to your MetaMask in order to view it:

      Contract Address: 0xf893Ba09d5aac3dfaFc0E706a9f7778eC71788b4
      Token ID: 24767

    6. Send Tweet and Wallet Address to Discord Testnet Proof Channel

      Like and retweet EchoDEX’s Tweet about the testnet steps. Tag three friends, then take a screenshot and send it to the Discord Testnet Proof Channel.

    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: EchoDEX has confirmed airdropping $ECP tokens as part of its “Swap to Get $ECP” program.

    Airdropped Token Allocation: The total token supply is yet to be revealed.

    Airdrop Difficulty: Simply swap tokens, provide liquidity, and mint an NFT to earn $ECP airdrops. Follow EchoDEX on Twitter, like and retweet their testnet tweet, and tag 3 friends. Take a screenshot and send it to the Discord Testnet Proof Channel, along with your wallet address.

    Token Utility: The team will announce the details of the $ECP token soon.

    Token Lockup: There is no tokenomics yet.

  • Lamina1 ($L1) Token Airdrop Guide: Testnet LIVE NOW!

    Lamina1 ($L1) Token Airdrop Guide: Testnet LIVE NOW!

    Lamina1 is a layer-1 blockchain based on a fork of Avalanche, built for the metaverse. It is co-founded by Peter Vessenes (co-founder of Bitcoin Foundation) and Neal Stephenson (award-winning author, coined the term “Metaverse”). Lamina1 has hinted on Discord at conducting a token airdrop for the community. In this article, we will briefly explain what Lamina1 is what you can do to position for the airdrop.

    Lamina1 ($L1) Token Airdrop Step-by-Step Guide

    Here’s how to get the Lamina1 ($L1) token airdrop:

    1. Create a Lamina1 Wallet
    2. Add Lamina1 Testnet to MetaMask
    3. Claim Testnet $L1 Tokens on MetaMask
    4. Claim Testnet $L1 Tokens on C-Chain Address
    5. Complete Tasks on Crew3
    6. Set Up a Node

    See below for more in-depth details!

    What is Lamina1?

    Lamina1 is a layer-1 blockchain optimized for the Open Metaverse. It is based on a fork of the Avalanche blockchain, providing builders a flexible framework to create digital assets. The network uses a high-speed proof-of-stake (PoS) consensus algorithm, customized to support the needs of content creators.

    Project Team and Funding

    Lamina1 was co-founded by Peter Vessenes (co-founder of Bitcoin Foundation) and Neal Stephenson (award-winning author, coined the term “metaverse”). The project has set up the Lamina1 Ecosystem Fund (L1EF), the world’s first publicly accessible ecosystem fund for layer-1 blockchains. It is designed to provide broad economic access to accredited investors interested in championing the Open Metaverse.

    Does Lamina1 Have a Token?

    Yes, Lamina1 has a native token called $L1. It’s a hard-capped, scarce asset that is used to pay for fees, and secure the platform through proof-of-stake. It has a basic unit of account between the multiple Subnets created on the blockchain. One nL1 is equal to 0.000000001 L1.

    How to Get the Lamina1 ($L1) Token Airdrop?

    The best way to get the potential Lamina1 ($L1) token airdrop is to interact with their testnet and complete tasks on Zealy. Here’s a step-by-step guide:

    1. Create a Lamina1 Wallet

      Go to the Lamina1 Web Portal and create a new L1 Wallet. Generate your key phrase and save them securely.

      After your wallet is created, you’ll be redirected to your portfolio page. At the top right screen, you’ll see your X-Chain, P-Chain, and C-Chain wallet addresses and QR code.

      X-Chain is for receiving funds, P-Chain is for receiving staking rewards and cross chain transfers, and C-Chain is for interacting with the Ethereum Virtual Machine (EVM).

    2. Add Lamina1 Testnet to MetaMask

      Go to the Faucet page. Click “Add Subnet to MetaMask” at the bottom, and you will automatically have the Lamina1 Testnet network on your MetaMask.

    3. Claim Testnet $L1 Tokens on MetaMask

      On the Faucet page, paste your MetaMask address and request 2 L1.

    4. Claim Testnet $L1 Tokens on C-Chain Address

      Paste your Lamina1 C-Chain wallet address and request 2 L1.

      The C-Chain can only be used to claim test tokens, because the faucet is only compatible with Ethereum-based wallet clients.

    5. Complete Tasks on Zealy

      Complete the tasks on Zealy to get the “Testnet” role. This allows Lamina1 to keep track of your participation. Those who participated by accruing XP on Crew3 will receive an End-of-Testnet Giveaway!

    6. Set Up a Node

      You can also set up a node and run it on the Lamina1 primary network. They have a complete guide on it.

    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: Lamina1 has addressed the community on conducting a token airdrop. They will officially announce the details soon, so stay tuned for future updates!

    Airdropped Token Allocation: The total token supply is yet to be revealed.

    Airdrop Difficulty: For now, the tasks are simply claiming testnet tokens on Lamina1. More features will be released soon. You don’t have to set up a node if you simply want to be a user of the protocol.

    Token Utility: $L1 will be used for transaction fees and staking to secure the network.

    Token Lockup: There is no tokenomics yet.

  • ZKX Protocol ($ZKX) Token Airdrop Guide: LIVE NOW!

    ZKX Protocol ($ZKX) Token Airdrop Guide: LIVE NOW!

    ZKX Protocol is a perpetual futures DEX built on StarkNet. Their team has hinted at a token airdrop to the community in the future! In this article, we will briefly explain what ZKX Protocol is and what you can do to position for the airdrop.

    ZKX Protocol Airdrop Step-by-Step Guide

    Here’s how to get the $ZKX token airdrop:

    1. Connect Your Wallet to ZKX Testnet
    2. Trade Perpetual Futures
    3. Provide Feedback

    See below for more in-depth details!

    What is ZKX Protocol?

    ZKX is a permissionless protocol for derivatives built on StarkNet, with a decentralized order book and a unique way to offer complex financial instruments as swaps. It allows users to trade perpetual futures while maintaining self-custody of their funds.

    Additionally, the platform is governed by ZKX DAO. Community members can earn USDC from ZKX DAO by trading, staking, providing liquidity, or becoming a node provider. The more actions a stakeholder performs, the more digital shares of ZKX they will accumulate.

    In July 2022, ZKX raised $4.5 million in a seed funding round with participation from StarkWare, Huobi, Crypto.com, Amber Group, HashKey Capital and more.

    Does ZKX Protocol Have a Token?

    Yes, ZKX Protocol plans to launch its $ZKX token in the future. Token holders can stake their tokens to gain access to digital shares of ZKX, which is linked to both governance and protocol rewards.

    ZKX has also hinted on Telegram about conducting a future airdrop. Therefore, it is likely that early testnet users may qualify for the airdrop when the token launches.

    How to Get the $ZKX Airdrop?

    The best way to get the $ZKX airdrop is to interact with the ZKX testnet. Here’s a step-by-step guide:

    1. Connect Your Wallet to ZKX Testnet

      Connect your MetaMask or other supported wallets to the ZKX Testnet page. Click on “Link Wallet” to sign the message confirming you are the owner of the wallet. Switch the network to Goerli.

      Once your wallet is connected, you will have a ZKX account with 10,000 test USDC. Please note that this process may take some time.

    2. Trade Perpetual Futures

      Now you can start trading at the Trade page. Select a trading pair and place an order. There is a slider button you can turn on that allows you set the leverage ratio by moving the slide bar.

      You can see all of your created orders at the Orders page. There are many order types on ZKX. They have a complete guide on how to trade.

    3. Provide Feedback

      You can send your feedback and requests by clicking on the “?” button on the top right screen.

    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: The ZKX team has hinted on Telegram that there might be a future airdrop for the community.

    Airdropped Token Allocation: There is no tokenomics yet.

    Airdrop Difficulty: Simply trade perpetual futures on the testnet. The UI and UX of the testnet page are user-friendly.

    Token Utility: The $ZKX token can be staked to gain access to digital shares of the protocol, which is linked to both governance and protocol rewards.

    Token Lockup: There is no tokenomics yet.

  • Davos Protocol ($DGT) Token Airdrop Guide: LIVE NOW!

    Davos Protocol ($DGT) Token Airdrop Guide: LIVE NOW!

    Davos Protocol is a new type of stable asset protocol that allows users to earn yield from staked assets with low collateral risk. Its mainnet was recently launched on Polygon, and early users could qualify for a potential airdrop. In this article, we will briefly explain what Davos Protocol is and what you can do to position for the airdrop.

    Davos Protocol ($DGT) Airdrop Step-by-Step Guide

    Here’s how to receive the $DGT airdrop:

    1. Connect Your Wallet to Davos Protocol
    2. Deposit $MATIC as Collateral
    3. Stake $DAVOS to Earn $DGT
    4. Deposit on Gamma Boosted Vaults
    5. Provide Liquidity on Uniswap or QuickSwap

    See below for more in-depth details!

    What is Davos Protocol?

    The Davos Protocol is a new type of stable asset protocol that solves the problem of locked-up liquidity in a sustainable way. It achieves this by using liquid staking and over-collateralization to enable a real yield extracted from liquid staking rewards for Davos stable assets on proof-of-stake (PoS) networks.

    The monetary policy of Davos regulates the price stability of the stable asset $DAVOS. Through a revenue distribution system, Davos rewards liquidity providers with a stable yield. It accepts coins from multiple PoS networks as collateral to borrow $DAVOS stable assets and runs diverse low-risk strategies to generate yield from the collateralized assets. The generated yield is then redistributed to $DAVOS stakers and DEX liquidity providers.

    Does Davos Protocol Have a Token?

    Yes, Davos Protocol uses a dual token model consisting of $DAVOS and $DGT. $DAVOS is the stable asset backed by staked MATIC as collateral, allowing users to yield farm. On the other hand, $DGT is used for platform governance, participants incentivization, and voting on upgrades such as adding a new vault or changing protocol parameters and fees.

    $DAVOS is already live and in use, but the $DGT token will launch in the future.

    How to Get the Davos Protocol ($DGT) Token Airdrop?

    The best chance to get the $DGT token airdrop is to interact with the Davos Protocol mainnet. Here’s a step-by-step guide:

    1. Connect Your Wallet to Davos Protocol

      Connect your MetaMask or other supported wallets to the Davos Protocol app. Switch the network to the Polygon mainnet.

    2. Deposit $MATIC as Collateral

      Go to the borrow page, provide $MATIC as collateral to borrow $DAVOS tokens.

      The Davos team recommends keeping the borrowing amount under 75% of the maximum limit to prevent loan liquidation, which could occur due to changes in the collateral’s value.

    3. Stake $DAVOS to Earn $DGT

      Go to the earn page, stake your $DAVOS to earn $DGT rewards which could translate to the token when it is launched.

      If you unstake your tokens, you will need to repay the debt you owe in $DAVOS tokens to close your position.

    4. Deposit on Gamma Boosted Vaults

      On the same page, you can deposit USDC/DAVOS pair on Gamma via Uniswap or QuickSwap.

    5. Provide Liquidity on Uniswap or QuickSwap

      You can also directly provide USDC/DAVOS liquidity on Uniswap or QuickSwap.

    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: Davos Protocol has not launched its $DGT token yet, but early users can potentially qualify for an airdrop.

    Airdropped Token Allocation: Token allocation for airdrops is not confirmed yet.

    Airdrop Difficulty: The steps are straightforward. Just provide $MATIC as collateral to borrow and stake $DAVOS. However, keep in mind that real funds are used, as it is deployed on the Polygon mainnet.

    Token Utility: $DAVOS is the stable asset backed by staked $MATIC, whereas $DGT is the governance token of the protocol.

    Token Lockup: There is no information on token lockup yet.