Home Airdrops Aztec Network ($AZTEC) Token Airdrop Guide: Earn $2500 for Free

Aztec Network ($AZTEC) Token Airdrop Guide: Earn $2500 for Free

Aztec Network is another major ZK-rollup player, who recently received huge funding despite the bear market. In this article, we will explain what Aztec is and what you can do to position yourself for an airdrop.

Check out our StarkNet Airdrop Guide and Scroll Airdrop Guide for another highly anticipated token airdrop.

Aztec Network ($AZTEC) Airdrop Step-by-Step Guide

Here’s a step-by-step guide on how to get a potential Aztec Network ($AZTEC) token airdrop:

  1. Follow Aztec on Discord.
  2. Follow Aztec on Twitter.
  3. Be an active part of both communities by sharing their posts and contributing to discussions.

See below for more details.

What is Aztec Network?

Aztec Network is the first private ZK-rollup on the Ethereum network. It is essentially a privacy engine that DApps to gain access to privacy and scalability. The industry-standard PLONK proving mechanism secures its rollup, and leading zero-knowledge scaling projects such as zkSync utilize it.

Aztec firmly believes that decentralization is based on individual rights and that privacy is crucial in order to preserve our ability to live and earn a living as we choose. Aztec Network is developed to deliver uncompromising privacy. The platform offers private access to users’ favorite Layer 1 apps, is accessible through the use of zero-knowledge proofs on Ethereum, and is compliant while still preserving confidentiality. Meanwhile, Aztec Connect SDK allows any Ethereum protocol to be integrated into Aztec Network’s private rollup.

Zac Williamson (CEO) and Joe Andrews (CPO), experts in building new blockchain paradigms, co-founded Aztec Network. They have a large team of cryptographers and engineers. Aztec raised $17 million in a Series A funding round led by Paradigm in 2021, and among the angel investors is Vitalik Buterin, the founder of Ethereum. In December 2022, Aztec successfully raised a whopping $100 million in a Series B round led by Andreessen Horowitz (a16z).

Does Aztec Network have a Token?

Aztec Network currently does not have a token. Venture capitals such as a16z and Paradigm are backing Aztec, so it is hoped that they will launch a token and airdrop it afterward.

Does Aztec Network have an airdrop?

Aztec Network does not have an airdrop yet. Previously, zk.money was the key to eligibility for a potential Aztec Network airdrop. This is because zk.money is Aztec’s first product, which is a private DeFi yield aggregator for Ethereum. zk.money however is being sunsetted. Deposits have been disabled since 21st March 2023. And any users who have funds on zk.money are recommended to withdraw before 21st March 2024. Otherwise, they will have to run withdrawal software or rely on community-run sequencers to recover their funds, which will be very troublesome.

Aztec will now be focusing on developing 2 compatible and interlinked products: Noir, and their next-generation encrypted zkRollup. So for now, there is no more protocol to interact with. Hence it is recommended to keep up to date on social media such as Aztec’s Discord Channel.

How to Receive Potential Aztec Token Airdrop?

Now that zk.money and Aztec Connect are being sunsetted, there is no longer any protocol to interact with. However, the Aztec team is still building and it is recommende to keep up to date with their latest news. Here’s a how to position yourself for a potential Aztec airdrop:

  1. Follow Aztec on Discord.
  2. Follow Aztec on Twitter.
  3. Be an active part of both communities by sharing their posts and contributing to discussions.

Aztec Network 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 official announcement to release an Aztec token, and they have not done any airdrops in the past. Venture capitals such as a16z and Paradigm are backing Aztec, so some people hope that if they do release a token, they will do an airdrop.

Airdropped Token Allocation: The tokenomics of Aztec Network’s token are unknown.

Airdrop Difficulty: Interacting with zk.money for a potential airdrop will require you own funds, and to use different DeFi platforms.

Token Utility: Aztec Network’s token utility is unknown.

Token Lockup: Aztec Network’s token lockup period is unknown.

Exit mobile version