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Category: Airdrops

Blockchain projects frequently rely on crypto airdrops to raise awareness, grow their community, and increase the value of their products. After all, the survival of a project depends on its ability to attract and grow its user base. Users, of course, have nothing to complain about. After all, who doesn’t love free stuff? People have made as much as US$10,000 from crypto airdrops, all without putting in a single cent. We have compiled a list of the top cryptocurrency airdrops and evaluated them.

  • Onchain Trade ($OT) Token Airdrop Guide: LIVE NOW!

    Onchain Trade ($OT) Token Airdrop Guide: LIVE NOW!

    Onchain Trade has deployed its beta on Arbitrum and zkSync, and users of the protocol can potentially qualify for an airdrop. In this article, we will explain what Onchain Trade is and what you can do to position yourself for the airdrop.

    Onchain Trade ($OT) Airdrop Step-by-Step Guide

    Here’s how to get a potential Onchain Trade ($OT) airdrop:

    1. Buy $OT on Onchain Trade Website
    2. Connect Wallet to Arbitrum or zkSync
    3. Claim Goerli ETH from Faucets
    4. Claim Testnet Tokens on Onchain Trade
    5. Trade on Onchain Trade
    6. Provide Liquidity on Onchain Trade
    7. Stake Assets on Onchain Trade

    See below for more details.

    What is Onchain Trade?

    Onchain Trade is a new perpetual decentralized exchange (DEX) that offers single token liquidity pools instead of the traditional token pairs in automated market makers (AMMs). This is done by grouping deposited tokens with its native OSD algorithmic stablecoin to form a virtual pair. This approach reduces the risk of impermanent loss, allowing for better capital efficiency for traders, liquidity providers, and third-party projects.

    What is Backing the Peg of OSD Stablecoins?

    OSD is backed by all the assets in liquidity pools that have a positive OSD balance as well as the treasury. When users trade, they use a starting price to form a pricing curve, similar to Uniswap. However, unlike Uniswap, they only need to use one token instead of two. By essentially connecting all assets to OSD, the protocol aims to maintain stability and avoid sharp price fluctuations seen in other algorithmic stablecoin projects, most notably Terra Luna.

    It is important to note that algorithmic stablecoins are still deemed unstable because of its dependency on strong liquidity and market mechanisms. If a large investor were to take actions that significantly impacted the supply or demand of the asset, it could potentially affect the stability of the algorithmic stablecoin.

    Does Onchain Trade have a Token?

    Yes, Onchain Trade has confirmed in its document that there will be an $OT token. $OT is the governance token of the protocol and it has a non-transferable staking counterpart called vOT. $OT has a total supply of 100 million tokens and it will be launched on Arbitrum.

    According to the tokenomics, 50% will be allocated to liquidity/trading incentive and airdrops. Additionally, 10% will be up for public sale (IFO) from 10th March to 17th March 2023. $OT holders will also be eligible for an airdrop!

    How to Receive $OT Token Airdrop?

    The best way to receive $OT airdrop is to participate in the IFO and interact with their beta testnet. Here’s a step by step guide:

    1. Buy $OT on Onchain Trade Website

      Public sale will take place on the Onchain Trade website between 10th March and 17th March 2023. $OT holders will be eligible for an airdrop.

    2. Connect Wallet to Arbitrum or zkSync

      Go to beta.onchain.trade and connect your MetaMask. Switch the network to Arbitrum Goerli or zkSync Era Goerli (or Alpha Testnet if you added the RPC last year).

    3. Claim Goerli ETH from Faucets

      Claim Goerli ETH on goerli.portal.zksync.io/faucet for zkSync and faucet.triangleplatform.com/arbitrum/goerli for Arbitrum.

    4. Claim Testnet Tokens on Onchain Trade

      Click “Test tokens” at the top right side of the screen. Afterwards, you can see your account balance at beta.onchain.trade/portfolio.

      If you want to see it in your MetaMask, you will need to import the contract address of the tokens to see your account balance. To do this, click the transaction hash and it will redirect you to the block explorer, where you can copy and paste the information to your MetaMask.

    5. Trade on Onchain Trade

      Go to beta.onchain.trade/trade to swap tokens including OSD stablecoins, enter long positions, and short positions.

    6. Provide Liquidity on Onchain Trade

      Go to beta.onchain.trade/pools and select any available asset you want to deposit. After depositing, you will receive a single LP token. You can also use the borrow and repay feature.

    7. Stake Assets on Onchain Trade

      After providing liquidity, you can stake your LP tokens as well as $OT at beta.onchain.trade/earn. You can also use the borrow mining feature after borrowing assets.

    Onchain Trade ($OT) Token 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: Onchain Trade has confirmed in its document that there will be an airdrop.

    Airdropped Token Allocation: 50% of the total $OT supply will be allocated to liquidity/trading incentives and airdrop. An additional 10% will be airdropped to holders who buy $OT in the public sale from 10th March to 17th March 2023.

    Airdrop Difficulty: The steps are relatively easy. You can buy $OT in the public sale for more airdrops or you can interact with their beta testnet to qualify for the snapshot.

    Token Utility: $OT is the governance token of the protocol and it has a non-transferable staking counterpart called vOT.

    Token Lockup: The $OT tokens allocated for incentives will follow a 2 to 5 year vesting schedule. The team is allocated 20% of the total supply, which will be locked for the first three months and then distributed linearly over the next 24 months, resulting in a total lock-up period of 27 months.

  • ArbiSpace ($ARS) Token Airdrop Guide LIVE: Ends March 6th

    ArbiSpace ($ARS) Token Airdrop Guide LIVE: Ends March 6th

    ArbiSpace ($ARS) is a crypto launchpad built on Arbitrum. They recently announced a live $ARS airdrop event which will end on 6th March 2023. In this article, we will explain what ArbiSpace is and how to position yourself for their airdrop.

    ArbiSpace ($ARS) Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential ArbiSpace ($ARS) token airdrop:

    1. Go to gleam.io/iocyb/arbispace-special-airdrop-event.
    2. Submit your Arbitrum One wallet address.
    3. Follow them on Twitter and Telegram.
    4. Retweet ArbiSpace and quote their pinned Tweets.
    5. Refer a friend to boost your chances of getting more $ARS airdrop.

    See below for more details.

    What is ArbiSpace ($ARS)

    ArbiSpace leverages the layer-2 rollup technology of Arbitrum to create a secure and smart launchpad for DeFi developers and investors. Essentially, it provides DeFi projects with all the features and tools they need. For example, for token issuance, liquidity management, community operations, and DAO governance. Meanwhile, everyday users can invest in crypto projects at an early stage, with the potential to get the most profit. It also offers revenue-sharing protocols for yield farmers, and has strict moderation mechanisms integrated for safety and security.

    Does ArbiSpace have a Token?

    ArbiSpace confirmed on their document that there will be a total supply of 170 million $ARS. There will be an initial supply of 300,000 $ARS. ArbiSpace will split this into two rounds: a private round of 130,000 $ARS and a listing round of 170,000 $ARS. The ArbiSpace team has 10.2 million $ARS locked for two years with a linear vesting of 5%. Also, 13.46 million $ARS locked for two years with a linear vesting of 5% for marketing campaigns.

    Farming rewards will receive the largest share of 146 million $ARS. Additionally, the smart contract will release 100,000 $ARS per day for farming rewards in a 4-year period according to pre-set rules.

    ArbiSpace Airdrop Rounds

    40,000 $ARS have been allocated to airdrops. Arbispace announced on Twitter that their airdrop event is now live for a limited time. The team will allocate 20,000 $ARS (worth around $15,000) for a second round of airdrop after 6th March.

    How to Receive $ARS Token Airdrop?

    All you have to do is go to gleam.io/iocyb/arbispace-special-airdrop-event and complete the tasks to be eligible for the $ARS airdrop. The tasks are very simple. You just have to submit your Arbitrum One wallet address, follow them on Twitter and Telegram. Retweet ArbiSpace and quote their pinned Tweets. You can also refer a friend to boost your chances of getting more $ARS airdrop.

    ArbiSpace airdrop tasks
    Complete these simple tasks for ArbiSpace airdrop (Source: ArbiSpace)

    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: ArbiSpace confirmed on their document that there will be an $ARS airdrop.

    Airdropped Token Allocation: 40,000 $ARS in total will be airdropped. The first round, consisting 20,000 $ARS, is live, and the cutoff date is 6th March 2023.

    Airdrop Difficulty: The tasks for the airdrop are very simple to complete. All you have to do is (1) submit your Arbitrum One wallet, (2) follow them on Twitter and Telegram, (3) retweet them and quote their pinned Tweets, and (4) and refer a friend for extra entries.

    Token Utility: $ARS will be used as a fee for token minting, launchpad, and smart contract locking. $ARS will also be rewarded for yield farming protocols.

    Token Lockup: The ArbiSpace team has 10.2 million $ARS locked for two years with a linear vesting of 5%. Also, 13.46 million $ARS locked for two years with a linear vesting of 5% for marketing campaigns.

  • Eggs ($EGGS, $aEGGS) Token Airdrop Guide: High risk, high reward?

    Eggs ($EGGS, $aEGGS) Token Airdrop Guide: High risk, high reward?

    Eggs have suddenly shown up on our airdrop radar. Seemingly with no actual utility, Eggs calls itself an “eggsperiment in decentralized finance”. The $EGGS token also does not seem to have any use. The only thing that is known about them is that the supply of the EGG token is decreasing by around 0. (https://www.iport.com/) 001% per block or around 7% per day. Eggs however have announced a free $aEGGS airdrop coming soon on Arbitrum, and a user snapshot has not been taken yet. So, you can still be eligible for the upcoming airdrop. In this article, we have compiled our ultimate guide on how to get the Eggs $aEGGS token airdrop.

    Eggs ($EGGS, $aEGGS) Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Eggs ($EGGS, $aEGGS) token airdrop:

    1. On their website, connect your wallet.
    2. Buy $EGGS on UniSwap.
    3. Stake your $EGGS on either the FULL protec or big protec vaults. Note staking on the smol protec vaults does not make you eligible for the $aEGGS airdrop.
    4. On the “deposit” tab, choose the amount of $EGGS you want to stake and click “Approve”.
    5. To withdraw your $EGGS, click on the “withdraw” tab, choose the amount of $EGGS you want to withdraw and click “Approve”.

    See below for more details.

    What are Eggs?

    EGGS is a decentralized finance experiment that is being threatened by the “Egg Cartel”, a group of criminals stealing EGGS and decreasing the supply by 0.001% every block, or around 7% per day. This has caused a crisis in the EGGS market, and users are tasked with looking for ways to protect their investments.

    The project asks users to protect their EGGS by depositing them into secure vaults. The full protec vault offers the highest level of protection and has a locking period of 7 days on deposit and partial withdrawals. Meanwhile, Big and Smol vaults offer partial protection in the form of rewards. Both of these vaults have a locking period of 24 hours and partial withdrawals will not lock them. Depositing or claiming rewards will reset the timer and lock for another 24 hours. Protect your EGGS and earn rewards with secure vaults.

    Does Eggs have a token?

    Eggs have an $EGGS token with an initial supply of 3,324,324,324,357. However, around 931,616,056,878 of $EGG tokens have already been burned. The current supply of $EGGS is less than 2,000,000,000,000 (and decreasing 0.001% every block). EGG has a debasing mechanism to its token supply, which will reduce the number of EGGS in circulation. This will benefit holders of EGGS, as the price of the token will continue to increase if no one is selling and ETH remains stable. The debasing will affect the entire token supply, including EGGS held in vaults and EGGS held in liquidity pools. This is a great opportunity for holders of EGGS to benefit from the increasing value of the token, as the amount of ETH remains the same.

    $EGGS tokens do not appear to have any utility. Except that staking $EGGS in either Full, Big or Smol vaults gets you rewards. There are three types of vaults. Full protec vault will fully protect your $EGGS and won’t be affected by debase. But it has a 7-day locking period. The other two vaults only protect your $EGGS partially in the form of rewards of 10 million $EGGS per block (but subject to change). Big protec vault earns you 9/10 of the rewards by staking EGGS/ETH LP on Uniswap V2. Whereas the smol protec vault earns you only 1/10 of the rewards. Both of these vaults only have a locking period of 24 hours. This 24-hour lock will reset every time you deposit or claim $EGGS in the vault.

    $aEGGS tokens will be given during the airdrop for those who have locked their $EGGS in the Big or Full protec vaults. However, it does not appear that $aEGGS tokens have any utility either.

    $EGGS staking stats
    $EGGS staking stats (Source: egg.care)

    Are Eggs safe?

    The smart contract for the $EGGS token does have a mint function. This can potentially allow the developer to mint unlimited $EGGS and drive down its market prices due to overwhelming supply. However, according to the project, it is a Timelock contract set for 3 days. This means everyone has time to react for 3 days if the developer does do something.

    Eggs however does not seem to be a project with any purpose or token utility, so users and potential airdrop hunters should exercise caution.

    How to Receive Potential $aEGGS Token Airdrop?

    Eggs has announced on Twitter it will be doing a FREE airdrop on Arbitrum. A snapshot has not been taken yet so users still have a chance to join and be eligible for the airdrop. However, to be eligible for the $aEGGS airdrop, users must have either staked their $EGGS in the Big or Full protec vault. The Smol vault does not count and unclaimed rewards do not count toward the airdrop. According to the team, more details will be announced soon.

    $aEGGS airdrop announced (Source: Twitter)

    Here’s how to receive a potential $aEGGS token airdrop:

    1. On their website, connect your wallet.
    2. Buy $EGGS on UniSwap.
    3. Stake your $EGGS on either the FULL protec or big protec vaults. Note staking on the smol protec vaults does not make you eligible for the $aEGGS airdrop.
    4. On the “deposit” tab, choose the amount of $EGGS you want to stake and click “Approve”.
    5. To withdraw your $EGGS, click on the “withdraw” tab, choose the amount of $EGGS you want to withdraw and click “Approve”.
    Stake and withdraw $EGGS
    Stake and withdraw $EGGS (Source: eggs.care)

    Eggs 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 Eggs team have already announced an airdrop. Details are coming soon.

    Airdropped Token Allocation: The amount of $aEGGS to be airdropped are unknown.

    Airdrop Difficulty: The project has announced that only the Full or Big protec vaults will be eligible for airdrops. However you must buy $EGGS and stake them. And there does not seem to be any actual utility for $EGGS.

    Token Utility: There does not seem to be any utility for both $EGGS or $aEGGS.

    Token Lockup: The $aEGGS token lockup period is unknown.

  • Increment Finance ($INCR) token airdrop guide

    Increment Finance ($INCR) token airdrop guide

    Increment Finance is built on the zkSync ecosystem which allows on-chain perpetual swaps that feature automatically concentrated liquidity, dynamic fees, and parametrizable pools. Increment Finance launched on the same day as zkSync Fair Onboarding Alpha. Following this launch, projects on zkSync can continue running contests and bug bounty programs. This means a possibility of airdrops on zkSync ecosystem projects such as Increment Finance. In this article, we provide a guide on how you can potentially get an Increment Finance ($INCR) token airdrop.

    Learn more about how to get a potential zkSync airdrop. And don’t miss out on any other upcoming airdrops by signing up for the NEW Boxmining Newsletter to get alerted!

    Increment Finance ($INCR) Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Increment Finance ($INCR) token airdrop:

    1. Participate in any Increment Finance contests or tournaments.
    2. Participate in any beta testing.
    3. Find and report any potential cases of sybil attacks (coming soon).
    4. Participate in governance by voting and commenting on Increment Finance’s governance proposals.

    See below for more details.

    What is Increment Finance?

    Increment Finance is built on zkSync Era (i.e. zkSync 2.0). It is a decentralized, algorithmic perpetual swaps protocol that features automatically concentrated liquidity, parametrizable pools, and dynamic fees. The protocol joined zkSync Era’s Fair Onboarding Alpha which was launched on 16th February 2023.

    Increment Finance is backed by venture funds such as Parafi Capital, Delphi Capital, Dialectic, LedgerPrime, AngelDAO and Skyvision Capital.

    Features of Increment Finance

    There are 3 main features of Increment Finance. The protocol supports multi-asset collateral (e.g. stablecoins and synthetic assets etc.) for trading perpetual swaps. Increment Finance also integrates Curve V2 Crypto Pools for improved liquidity and trade execution. Finally, users can increase buying power by minting more virtual assets using the Curve V2 trading engine.

    What is the Increment Finance ($INCR) token?

    Increment Finance has not launched its token, or its tokenomics and distribution model yet. But its latest blog post suggests it would have the ticker symbol $INCR. According to its documentation, the $INCR token will be for governance.

    Increment Finance has recently taken a poll, and a proposal was passed that 9,200,000 $INCR (i.e. 46% of its total token supply) will be allocated toward 3 community distributions. In the first phase, 400,000 INCR will be distributed retroactively and be available immediately to specific members of the Increment Finance community. These community members include contest winners, community writers, beta testers and those with a community role. However, the ERC-20 token contract will initially be paused, so the INCR token will not be transferable. A breakdown of which addresses will receive the initial 400,000 INCR tokens is available here.

    Phase 2 will distribute 1,000,000 tokens to the community within the first year of the token launch. Finally, the third phase will distribute another 1,000,000 tokens to the community within the second year of the $INCR token launch.

    What is the status of Increment Finance?

    Increment Finance has joined zkSync’s Fair Onboarding Alpha, which was launched on 16th February 2023. The project is currently actively

    Will there be an Increment Finance ($INCR) token airdrop?

    Increment Finance has not announced an $INCR token airdrop yet. However, they are actively discussing issues of token creation and distribution in their Governance proposals. Poll voting has recently ended and a governance proposal on phase 1 of $INCR token creation and distribution has been passed. So far, it has been decided that there will be 3 community distributions of the $INCR token. And how the first phase of 400,000 INCR will be distributed has been agreed upon. So here’s hoping the issue of airdrops would be specifically discussed soon. (https://bestsellerpublishing.org/)

    How to participate in any potential Increment Finance ($INCR) token airdrop?

    Increment Finance has not announced any airdrop yet. However, from the latest passed governance proposal, we can see how Increment Finance community members were eligible for phase 1 of the $INCR community distribution. These members will be retrospectively airdropped a total of 400,000 $INCR between them when the token launches. So based on who were eligible for phase 1 of the $INCR community distribution, here are some ways you can be eligible for any potential $INCR token airdrop:

    1. Participate in any Increment Finance contests or tournaments;
    2. Participate in any beta testing;
    3. Find and report any potential cases of sybil attacks (coming soon); and
    4. Participate in governance by voting and commenting on Increment Finance’s governance proposals.

    Increment Finance ($INCR) 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: No airdrop has been announced yet, but a governance proposal has recently been passed which sees a retroactive airdrop of $INCR tokens to specific community members when the token launches. So an airdrop is likely.

    Airdropped Token Allocation: Increment Finance has recently taken passed a governance proposal to allocate 9,200,000 $INCR (i.e. 46% of its total token supply) toward 3 community distributions.

    Airdrop Difficulty: Increment Finance has not launched its protocol for all users yet. So far the ways to potentially get a $INCR airdrop is to participate in their contests and vote on governance proposals. The latter is relatively straightforward.

    Token Utility: The $INCR token is used for governance.

    Token Lockup: The ERC-20 token contract for $INCR will initially be paused, so the INCR token will not be transferable by those who got airdrops in phase 1 of the community distribution. However, it is unknown how long this pause will be.

  • Myria Token and NFT Airdrop: The Complete Guide

    Myria Token and NFT Airdrop: The Complete Guide

    Myria is a decentralized Ethereum layer-2 platform powered by StarkWare, designed to scale digital assets, NFTs, and blockchain gaming. Their mainnet is already live, and their token is expected to launch soon. In this article, we will explain what Myria is and how you can position yourself for all these airdrop rewards.

    Myria Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Myria token airdrop:

    1. Create a Wallet
    2. Deposit Some ETH into your Wallet
    3. Buy NFTs on the Marketplace
    4. Run a Node

    See below for more details.

    What is Myria?

    Myria is a layer-2 platform designed to address the challenges faced by the Ethereum network, such as low throughput rate and slow transaction confirmation. Developed in partnership with StarkWare, Myria leverages Zero-Knowledge Rollup (ZK-Rollup) technology to provide scalable and secure transactions with 0 gas fees when minting and trading NFTs.

    Blockchain Gaming and NFT Ecosystem

    The Myria ecosystem includes their browser built-in Myria Wallet, NFT Marketplace, a player-focused gaming studio, and a decentralized NFT and blockchain solutions platform. The platform offers developers a suite of tools, including APIs, SDKs, and a Domain Specific Language (DSL), to simplify blockchain interactions and help them launch their projects in a matter of hours. Additionally, Myria is committed to regulatory compliance and provides a fully compliant platform for its trusted partners. The comapny is aimed at NFT users and gamers, providing a non-custodial cryptocurrency wallet and a dedicated Web3 marketplace to trade digital assets and collectibles.

    Who is the Team behind Myria?

    Myria has a large team of 100+ people who are experts in many different fields such as blockchain development, engineering, game design and digital art. Co-founder and CTO Andrew Silber is a gaming veteran, having worked for some of the biggest names in the industry including Activision, Electronic Arts, 2K, Ubisoft, and Sony.

    Does Myria have a Token?

    Yes, Myria plans to launch an ERC-20 utility token called MYRIA. The token is used for conducting transactions on the layer-2 scaling protocol and provides extra benefits within selected video games. It will be given to gamers, node operators, and other members of the ecosystem, forming a self-sustaining economy among users to boost the growth of the ecosystem.

    How to Receive Potential Myria Airdrop?

    Time needed: 15 minutes

    The best chance to receive MYRIA airdrop is to create transactions on Myria L2, hold an NFT, and run a node. Completing these steps puts you in a great position to be eligible for an airdrop. Here’s a step-by-step guide:

    1. Create a Wallet

      You can connect your MetaMask wallet on myria.com to create a wallet. Be sure to read the terms & conditions and privacy policy before you click the “Sign” button. Additionally, you can choose to add an email address to your new account to receive transaction notifications.

    2. Deposit Some ETH into your Wallet

      Deposit as little as $2 worth of ETH from the mainnet to be included in the snapshot.

    3. Buy NFTs on the Marketplace

      Once you have some ETH in your wallet, you can buy some NFTs in their marketplace. Don’t worry, most of these NFTs are very cheap. From here, you can choose to trade or hold them.

    4. Run a Node

      You can run a node and earn free tokens and NFT rewards. 36% of their token supply is allocated to node emission. However, there will only ever be 40,000 nodes, and you will have to purchase them at myria.com/nodes.

  • Shardeum ($SHM) Token Airdrop Guide: Earn $1500 for Free

    Shardeum ($SHM) Token Airdrop Guide: Earn $1500 for Free

    Shardeum is an upcoming linearly scalable layer-1 blockchain using dynamic state sharding similar to NEAR Protocol. The project is still in its early phase, which means early users can potentially secure massive Shardeum $SHM token airdrop rewards.

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

    Shardeum ($SHM) Airdrop Step-by-Step Guide

    Here’s how to get a potential Shardeum ($SHM) airdrop:

    1. Add Shardeum Network on MetaMask.
    2. Go to the Shardeum betanet and claim testnet SHM.
    3. Interact with projects on the Shardeum ecosystem.
    4. Become a Shardeum YouTube creator.

    See below for more details.

    What is Shardeum?

    Shardeum is a smart contract platform built on the Ethereum Virtual Machine (EVM) that uses dynamic state sharding to scale efficiently. Although it shares similarities with other state sharding platforms like Harmony, Elrond and NEAR Protocol, it distinguishes itself by having a unique approach to consensus.

    What is Sharding?

    Unlike most platforms that group transactions into blocks and perform consensus at the block level, Shardeum performs consensus on each transaction individually. This enables simultaneous processing of transactions that affect multiple shards, instead of consecutive processing as with block level consensus. This speeds up the processing time and removes the need for complex atomic processing as required by block level consensus platforms.

    Dynamic State Sharding

    Shardeum has a unique feature in its use of dynamic state sharding. In dynamic state sharding, each node has a different set of addresses to manage. But, there is a significant overlap between the different nodes. This is contrasted with static state sharding, where all nodes in a shard are responsible for the same set of addresses.

    While dynamic state sharding is more challenging to implement compared to static state sharding, it offers a more efficient solution for scaling the network. With dynamic state sharding, every new node added to the network instantly increases the transaction per second (TPS) rate. In contrast, static state sharding requires a minimum number of nodes to join the network before creating a new shard, and gradually increases the TPS rate.

    Who is the Team behind Shardeum?

    Nischal Shetty and Omar Syed co-founded Shardeum. Shetty is the founder and CEO of WazirX, the largest crypto exchange in India with over 10 million active users. Syed is a blockchain architect who has helped large organizations build scalable, fault-tolerant distributed systems such as NASA, Yahoo, Zynga, and Shardus.

    In October 2022, Shardeum successfully raised $18.2 million in seed funding from more than 50 investors worldwide. These investors include Jane Street, Struck Crypto and the Spartan Group.

    Does Shardeum have a Token?

    Validators and standby nodes will generate $SHM, Shardeum’s native coin, through mining – see their litepaper. This acts as a reward for their contribution to the network. Users will use the $SHM token to pay gas fees for transferring assets and executing smart contracts on the network

    Shardeum reserves 51% of its maximum supply of 508 million tokens for the community.

    How to Receive Potential Shardeum ($SHM) Token Airdrop?

    Shardeum have not confirmed an airdrop, yet. However, the best chance to receive $SHM airdrop is to interact with their testnet. Shardeum recently launched their betanet, and protocols on there also have incentives for early users. This puts you in a great position to earn more rewards! Here’s how to do this:

    1. Add Shardeum Network on MetaMask.
    2. Go to the Shardeum betanet and claim testnet SHM.
    3. Interact with projects on the Shardeum ecosystem.
    4. Become a Shardeum YouTube creator.

    Add Shardeum Network on MetaMask

    Shardeum created a list of all their network endpoints on their user document. You can choose to connect them automatically or add them manually to your MetaMask RPC. Their latest one is Sphinx 1.X, which is their betanet and the final step before the mainnet launch. We recommend adding this to your MetaMask. To do this, go to Shardeum’s developer docs, go to Network and Endpoints, then click “Click to Connect to Sphinx 1.x”.

    docs.shardeum.org/network/endpoints

    Claim Faucet Tokens

    After adding Shardeum to MetaMask, you will need testnet tokens to interact with their platform. There are 2 ways to do this, either on their website or to the Shardeum Liberty Network faucet.

    On the Shardeum website, click “Claim Testnet SHM”. You will then need to join their Discord and claim tokens using their Discord faucet text channels.

    Claim testnet SHM on Shardeum website
    Claim testnet SHM on Shardeum website

    Alternatively, you can claim Shardeum testnet tokens using the Shardeum Liberty Network faucet. But first, you will have to click “Tweet Now” for them to send you tokens. This is to prevent faucet bot abuse from using up all available $SHM. Remember to add your wallet address before you Tweet out the message. Finally, copy your Tweet link and paste it into the request box.

    Shardeum Faucet

    Interact with projects on the Shardeum ecosystem

    Shardeum has nearly 60 projects in its ecosystem, ranging from DeFi protocols to decentralized exchanges (DEXs). Interacting with these ecosystem projects will likely put you in a good position to receive any potential Shardeum airdrop. However, here are some projects which we think may have a higher chance of receiving an airdrop if you interact with them.

    Shardeum Swap

    Shardeum Swap is one of the first decentralized exchanges (DEX) built on the network. Therefore, it is very likely that users interacting with the protocol are included in the snapshot. Here you can (1) swap SHM to SSWAP tokens, (2) wrap SHM to WSHM, and (3) provide liquidity to pools. Remember that these are testnet tokens, so feel free to play around with the DEX.

    Shardeum Swap

    Swapped Finance

    Swapped Finance is an automated market maker (AMM) DEX built on the network. But it has more features to offer such as yield farming, staking, limit orders, margin orders, launchpad, and lending/borrowing. As long as you use your testnet tokens for swapping or liquidity provision, there is a high chance you will be included in the snapshot.

    Swapped Finance

    DAOStarter

    Shardeum is working with DAOStarter on a test party campaign, which will run until 31st March 2023 at 9:00 am UTC. Users can join the DAOStarter betanet on Shardeum Sphinx and mint an exclusive NFT. To do this, you will need to complete all 6 tasks listed on Galxe. Remember, you will need to switch to BSC network to do this. Complete the tasks and click “Claim”, note this will require you to pay gas fees in BNB.

    Complete tasks to mint exclusive DAOStarter NFT
    Complete tasks to mint exclusive DAOStarter NFT

    Become a Shardeum YouTube Creator

    As an additional task, you can also apply to become a Shardeum YouTube Creator, which the team promises will offer you performance-based rewards. To become a Shardeum YouTube Creator you will need to complete the following steps:

    1. Complete their application form.
    2. Create a content calendar for Shardeum’s YouTube channel.
    3. With the help of Committers, create and edit videos on Shardeum-related topics, EVM-related topics, and developer tutorials.
    4. Host Live videos on topics relating to current web3 trends, project updates and AMAs.

    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: No airdrop has been announced yet. But Shardeum recently launched their betanet, and protocols on there have incentives for early users.

    Airdropped Token Allocation: The team expects to give 51% of its token supply to the community but did not specify how much of this would be allocated towards airdrops.

    Airdrop Difficulty: Shardeum has not yet released details about its airdrop rules. There may be a chance of being eligible for $SHM airdrops by interacting with their testnet. This is relatively simple since you can use testnet tokens, which are free.

    Token Utility: $SHM will be used to pay gas fees for transfers and smart contract execution on the network.

    Token Lockup: There is no announcement on when the $SHM token would be launched.

  • EVO Wallet Airdrop Guide: LIVE NOW

    EVO Wallet Airdrop Guide: LIVE NOW

    EVO Wallet is an Aptos Network wallet available on both iOS and Android. The wallet will allow users to send and receive Aptos tokens ($APTOS), store their cryptocurrencies, swap tokens, and more. In this article, we give you a complete guide on how to get a potential EVO Wallet airdrop.

    EVO Wallet Airdrop Step-by-Step Guide

    Here’s how to get a potential EVO Wallet airdrop:

    1. Download EVO Wallet here.
    2. Set up your EVO Wallet.
    3. Reply to EVO Wallet’s Tweet with your wallet QR Code. You can find your wallet QR code by going to “Receive” on the main wallet page.

    See below for more details.

    What is EVO Wallet?

    EVO Wallet is a cryptocurrency wallet for the Aptos ecosystem. It is available for download on both iOS and Android. The wallet boasts an amazing UI/UX and allows users to send and receive APTOS, swap tokens, and safe storage of their cryptocurrencies. EVO wallet also has security features such as two-factor authentication and is non-custodial.

    EVO Wallet
    EVO Wallet

    Does EVO Wallet have a token?

    EVO Wallet does not have a token, and there is no documentation available to indicate whether or not they will eventually have one. But they have done various competitions in the past where they awarded Aptos tokens ($APT) to winners.

    How to receive EVO Wallet Token Airdrop?

    EVO Wallet is currently running an airdrop campaign until 7th March 2023! Here are the following steps required in order to get a potential EVO Wallet token airdrop:

    1. Download EVO Wallet here.
    2. Set up your EVO Wallet.
    3. Reply to EVO Wallet’s Tweet with your wallet QR Code. You can find your wallet QR code by going to “Receive” on the main wallet page.

    The team did not specify what winners will receive, but it is hinted that it would be an Aptodino NFT.

    Join for a chance to get a potential airdrop!

    Little is known about the project and it is at a very early stage of development. So we expect they will have even more airdrops and giveaways 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: EVO Wallet has done previous contests where they rewarded winners with Apotos tokens ($APT). For the current airdrop, the reward seems to be an exclusive Aptodino NFT.

    Airdropped Token Allocation: Their tokenomics is not yet available, so this information is unknown for now.

    Airdrop Difficulty: The current airdrop is very simple and only requires downloading their wallet and replying to the team’s Tweet.

    Token Utility: This information is unknown.

    Token Lockup: This information is unknown.

  • SharDex ($SDT) Token Airdrop Guide: LIVE NOW!

    SharDex ($SDT) Token Airdrop Guide: LIVE NOW!

    SharDex is now live on Shardeum Liberty 2.X, and they have launched a million-point airdrop plan. Users can earn Share Points by inviting friends and completing simple tasks on their Crew3 page. These points will be translated to token rewards in the future. In this article, we will explain what SharDex is and what you can do to position yourself for the airdrop.

    Use our invite link to sign up with their testnet (we each get Share Points)!

    SharDex ($SDT) Airdrop Step-by-Step Guide

    SharDex hinted at several ways you could get a token airdrop. Here’s how to get a potential $SDT airdrop:

    1. Enter SharDex Waitlist with Our Referral Link
    2. Claim SBT and Complete Crew3 Tasks
    3. Swap Tokens
    4. Stake $SDT in Pools
    5. Provide Liquidity and Stake LP Tokens
    6. Bridge Assets to Shardeum (For SBT Holders Only)

    See below for more details.

    What is SharDex?

    SharDex is a new trading platform that has been launched on the Shardeum blockchain. It leverages Shardeum’s dynamic state sharding to provide users with the best possible on-chain trading experience for assets. The platform includes a range of asset management solutions, such as Bridge, Swap, NFT Marketplace, Launchpad, and DAO.

    These features allow users to easily transfer assets from other chains to Shardeum, and exchange them for other assets in a secure, affordable, and user-friendly way. With SharDex, users can manage their assets more efficiently and take advantage of the benefits of decentralized trading.

    Does SharDex have a Token?

    Yes, SharDex’s ticker symbol is $SDT, as confirmed on their testnet. Please note that this is not to be confused with the Soul Bound Token (SBT), which is obtained by successfully referring 3 friends and serves as an admission ticket for their future Initial DEX Offering (IDO).

    SharDex has also confirmed in its roadmap that there will be an $SDT airdrop in the future.

    How to Receive $SDT Airdrop?

    The best way to get the $SDT airdrop is to earn Share Points on the testnet and claim the Soul Bound Token (SBT). You can also use the testnet products (i.e. swaps, liquidity pool, bridge) to qualify for a potential snapshot. Here’s a step-by-step guide:

    1. Enter SharDex Waitlist with Our Referral Link

      Use our invite link to enter the SharDex Waitlist (we each get Share Points)! Connect your MetaMask wallet and switch the network to Shardeum Liberty 2.X.

      Afterwards, bind your Twitter and Discord accounts, and you will have your own referral link to invite friends for more Share Points.

    2. Claim SBT and Complete Crew3 Tasks

      After successfully referring 3 friends, you can claim your SBT and join the SharDex NFT Waitlist for the Genesis Airdrop. Additionally, you can complete their Crew3 tasks to earn more Share Points. They are very easy to complete.

    3. Swap Tokens

      From this point on, it’s optional, but participating may increase your chances of being included in an airdrop if there are snapshot criteria for using the protocol.

      Get some $SHM at faucet.liberty20.shardeum.org, and then you can swap tokens at testnet.shardex.org/swap.

    4. Stake $SDT in Pools

      Stake some testnet $SDT at testnet.shardex.org/pools. You can choose to stake manual SDT or Auto SDT, similar to the compounding features of PancakeSwap.

    5. Provide Liquidity and Stake LP Tokens

      If you have at least 2 tokens, you can provide liquidity for certain trading pairs by depositing them at testnet.shardex.org/pool. After getting the LP tokens, you can stake them at testnet.shardex.org/farm to earn more $SDT.

    6. Bridge Assets to Shardeum (For SBT Holders Only)

      Once you have your SBT, you can use their Bridge feature. You will need some $SHM to cover gas fees. As of now, there are five test coins to bridge between seven different testnets.

    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 will be an airdrop in the future, according to SharDex’s roadmap.

    Airdropped Token Allocation: Token distribution information will be released soon.

    Airdrop Difficulty: The tasks are straightforward and easy to complete. Simply connect your wallet to Shardeum Liberty 2.X, bind your Twitter and Discord accounts, and refer your friends using the invite link. You will earn Share Points for completing these tasks, which can be redeemed for token rewards in the future. Additionally, after successfully referring three friends, SharDex will automatically send an SBT to your wallet, which can be used as a ticket for future IDOs and airdrops.

    Token Utility: SharDex has not yet published details of the utilities of $SDT, but it is likely that they will follow a similar model to other DEX protocols, including governance rights, fee discounts, yield farming, and listing fees.

    Token Lockup: Tokenomics has not yet been published.

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

    Vertex Protocol ($VRTX) Token Airdrop Guide: LIVE NOW!

    Vertex Protocol’s testnet is currently live, and they are planning to launch their $VRTX token. This means that an airdrop is very likely. In this article, we will explain what Vertex Protocol is and what you can do to position for the airdrop.

    Vertex Protocol ($VRTX)Airdrop Step-by-Step Guide

    Here’s how to get a potential Vertex Protocol ($VRTX) airdrop:

    1. Connect Arbitrum Goerli to your Wallet
    2. Claim Testnet Faucet ETH
    3. Claim Extra Testnet Funds on Vertex Protocol
    4. Deposit Funds to Start Trading
    5. Trade on Vertex Protocol

    See below for more details.

    What is Vertex Protocol?

    Vertex Protocol is a decentralized exchange (DEX) that offers fast and efficient cross-margined spot and derivatives trading, lending and borrowing for yield or leverage, and a robust risk engine for capital efficiency and risk management. It features an easy-to-use UI/UX for both Web3 and Web2 preferences, industry-leading fees, and complete self-custody of funds.

    Built on Arbitrum, Vertex leverages smart contracts for optimal liquidity and trading opportunities, multiple UIs catering to traders of different levels and goals, a high-quality software development kit, future tokenomics for strong alignment of incentives and governance rights, and seamless bridging and on/off ramp experiences directly in the dApp. With Vertex, users can enjoy a frictionless decentralized trading experience while having full custody of their own funds.

    Does Vertex Protocol have a Token?

    Yes, Vertex Protocol confirmed in their litepaper that they are planning to launch their $VRTX token. It is a governance token that allows users to participate in the protocol in a decentralized manner. Additionally, Vertex will create two other tokens: xVRTX, a liquid staking token, and voVRTX, a voting token that cannot be transferred. Both tokens are crucial in rewarding stakeholders at different levels of governance and participation based on their level of commitment to the protocol.

    How to Receive Potential $VRTX Airdrop?

    Time needed: 15 minutes

    The best chance to receive a potential $VRTX airdrop is to interact with the Vertex Protocol testnet. Here’s a step-by-step guide on how to position yourself for the airdrop:

    1. Connect Arbitrum Goerli to your Wallet

      Go to app.vertexprotocol.com/portfolio/overview, connect your MetaMask and switch to the Arbitrum Goerli network. It will automatically connect for you.

    2. Claim Testnet Faucet ETH

      Copy and paste your wallet address at faucet.triangleplatform.com/arbitrum/goerli to claim 0.01 testnet ETH on Arbitrum Goerli. You will need this for gas fee in the next step.

    3. Claim Extra Testnet Funds on Vertex Protocol

      After you have some testnet ETH on your Arbitrum Goerli, go to app.vertexprotocol.com/portfolio/faucet. You can mint testnet wBTC, wETH, and USDC here. You can mint as many times as you like, but keep in mind they have no monetary value.

    4. Deposit Funds to Start Trading

      Go to app.vertexprotocol.com/portfolio/overview and click “Deposit”, and then approve and confirm the transaction. Keep in mind your deposits may take a few minutes to be reflected in balances.

    5. Trade on Vertex Protocol

      Once your funds are deposited, you can start trading on the spot market or perpetuals. Since these are testnet tokens, feel free to go crazy on those trades! We recommend making at least 10 trades per day to secure a position for the airdrop snapshot.

      You can check your open orders at app.vertexprotocol.com/portfolio/orders, your perpetual positions at app.vertexprotocol.com/portfolio/positions, and your account balance at app.vertexprotocol.com/portfolio/balances.

    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. (perfumesample.com) Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

    Likelihood of Airdrop: Vertex Protocol has not officially announced an airdrop. However, their testnet is currently live and they are planning to launch the $VRTX token, which means an airdrop is very likely.

    Airdropped Token Allocation: Their tokenomics is not yet available, so this information is unknown for now.

    Airdrop Difficulty: It is very simple to qualify for the airdrop. All you have to do is connect to the Arbitrum Goerli network in your MetaMask, claim testnet tokens, and start trading.

    Token Utility: The $VRTX token is a governance token that enables users to participate in Vertex Protocol in a decentralized manner. The protocol will also introduce two other tokens: xVRTX, a liquid staking token, and voVRTX, a voting token that cannot be transferred. These tokens will be used to reward stakeholders at different levels of governance and participation based on their level of commitment to the protocol.

    Token Lockup: The $VRTX token lockup period is unknown for now.

  • Crypto Airdrops Tier List 2023: Discover Rare, Thrilling, and High-Yield Gems to Skyrocket Your Earnings!

    Crypto Airdrops Tier List 2023: Discover Rare, Thrilling, and High-Yield Gems to Skyrocket Your Earnings!

    Welcome to the most comprehensive and up-to-date Crypto Airdrops Tier List for 2023! As the world of cryptocurrencies continues to evolve at a rapid pace, airdrops have become a go-to strategy for both new and established projects to gain traction and reward their communities. In this insightful guide, we’ve meticulously ranked the top airdrops of the year based on their potential rewards, project credibility, and overall excitement. Get ready to uncover hidden gems, maximize your earnings, and be a part of the most lucrative crypto airdrops of 2023!

    Crypto Airdrops Tier List 2023

    Crypto Airdrops Tier List 2023

    We have compiled the top trending airdrops this year into a tier list based on four criteria:

    • Project Credibility — Is the project backed by reputable investors or partnered with well-established, legitimate projects? Is there any public information available about the project team, and do they have prior experience in the blockchain industry?
    • Security — Is it safe to connect my MetaMask or other crypto wallets to the project’s website? Has the project been audited by a third-party security firm?
    • Cost — Does participating in the airdrop require any form of spending or investment, or is it entirely free?
    • Effort — How much time and effort do I need to invest in completing the tasks that qualify me for the airdrop? Are these tasks simple or challenging? Does it require me to be a developer, validator, or just a regular user?

    S Tier Airdrops

    zkSync

    • Project Credibility — zkSync is developed by Matter Labs, a well-known engineering team based in Europe. They have raised $458 million in financing across all rounds, backed by the likes of the Ethereum Foundation.
    • Security — The project has been audited by several top smart contract security firms including OpenZeppelin, Halborn, and Code4rena.
    • Cost — You will need to bridge ETH to the zkSync Era Mainnet via ZigZag Exchange or Orbiter Finance. Swap stablecoin pairs to minimize cost risk. You can also interact with the zkSync Era Testnet using free testnet tokens.
    • Effort — The steps are easy to follow, but it’s recommended to perform them frequently and consistently to be included in the snapshot. Actions involve bridging your funds, swapping and trading tokens, or providing liquidity. The higher the aggregate value, the more $ZKS tokens you can potentially earn.

    Grading Insight: zkSync is the most anticipated airdrop after Arbitrum. Over the past week, crypto users have bridged over $8 million in funds to the network in hopes of qualifying for the airdrop. Moreover, protocols on zkSync will also conduct their own retroactive airdrop, allowing you to earn additional rewards.

    Sui

    • Project Credibility — Sui is developed by Mysten Labs, comprising former Meta (formerly Facebook) executives and engineers. The company has raised $300 million, resulting in a valuation of over $2 billion, with backing from major investors like Coinbase and Binance.
    • Security — Sui’s security architecture is secured by Move, a Rust-based programming language independently developed by Meta. The smart contract code for Sui is publicly available for review and auditing.
    • Cost — Similar to Aptos, you can interact with protocols on Sui with free devnet tokens.
    • Effort — Building protocols on Sui requires coding experience. As a regular user, you can perform simple tasks like staking devnet tokens or minting NFTs until the mainnet launch in Q2.

    Grading Insight: Aptos, also an L1 built by former Meta developers, conducted one of the largest airdrops last year. It is very likely Sui will also follow suit.

    A Tier Airdrops

    StarkNet

    • Project Credibility — StarkNet is developed by StarkWare Industries, an Israeli software company that specializes in cryptography. They have raised $100 million that puts the company’s estimated value at $8 billion. They are partners with some of the biggest names in crypto including ConsenSys and Chainlink.
    • Security — StarkNet is audited by numerous leading security firms like Consensys Diligence and OpenZeppelin.
    • Cost — You will need to bridge ETH to the Starknet Alpha Mainnet via StarkGate. Swap stablecoin pairs to minimize cost risk.
    • Effort — Argent X wallet is required. Bridge and swap assets frequently and consistently to be included in the snapshot. The higher the aggregate value, the more tokens you can potentially earn.

    Grading Insight: StarkNet is one of the highest valued L2 project in the crypto market. More than half of its total token supply will be allocated to community incentives and ecosystem funds.

    Shardeum

    • Project Credibility — Shardeum is co-founded by Nischal Shetty and Omar Syed. Shetty is the founder and CEO of WazirX and Syed is a blockchain architect who previously worked for NASA and Shardus. The project has raised $18.2 million, backed by Jane Street and The Spartan Group.
    • Security — Shardeum ensures security through dynamic state sharding, which makes it challenging to attack due to the random assignment of nodes to shards in the network.
    • Cost — You can interact with the Shardeum betanet with free testnet tokens.
    • Effort — Mint NFTs or swap assets frequently on different Shardeum protocols.

    Grading Insight: Shardeum is developing an innovative sharding technology, and has a very large user base. They confirmed airdropping 25.4 million $SHM tokens to ecosystem users.

    Scroll

    • Project Credibility — Scroll is a globally distributed team filled with experts in zero-knowledge cryptography and distributed systems on blockchain technology. Backed by Polychain Capital, the project has raised a total of $83 million in funding rounds, bringing its valuation to $1.8 billion.
    • Security — Scroll is a hierarchical zero-knowledge proof system, inheriting security from the Ethereum mainnet. The smart contract code for Scroll is publicly available for review and auditing.
    • Cost — Scroll is currently in its Alpha Testnet phase, which means you can use free testnet tokens to interact with the protocol.
    • Effort — Bridge testnet tokens between Goerli Testnet (L1) and Scroll Alpha Testnet (L2) frequently.

    Grading Insight: Scroll is another highly popular Ethereum L2 scaling solution. The team has confirmed creating an incentive mechanism to encourage participation in the network. Start using the testnet now for free!

    MetaMask

    • Project Credibility — MetaMask is the most used Ethereum wallet in the world.
    • Security — All user wallets are secured with client-side encryption. With proper user practice, MetaMask is a reliable and secure option for managing and interacting with Ethereum-based cryptocurrencies and decentralized applications. Their recent audit was conducted in March 2023.
    • Cost — You will need ERC-20 tokens. You can also buy ETH directly on MetaMask using credit cards, Apple Pay or bank transfers.
    • Effort — Bridge and swap ERC-20 tokens regularly with the built-in features in MetaMask.

    Grading Insight: MetaMask is one of the foundations of the Web3 world, which is why its token can be very valuable.

    B Tier Airdrops

    LayerZero

    • Project Credibility — LayerZero Labs is founded by a team of computer scientists from the University of New Hampshire. The project has raised $135 million from the likes of Coinbase and PayPal. LayerZero has a large ecosystem of DeFi protocols including Uniswap and Stargate Finance.
    • Security — LayerZero has commissioned over 35 audits with the most recent audits on Github.
    • Cost — You will need real funds to interact with the protocols on LayerZero. But you can also bridge Goerli testnet USDC between EVM chains using the USDC LayerZero Bridge.
    • Effort — Make small transactions, deposit funds, provide liquidity, swap assets as frequently as you can.

    Grading Insight: LayerZero has a large user base, and is backed by PayPal. It has the potential to be a core infrastructure of Web3 interoperability, which is why its token can be valuable in the future.

    ZetaChain

    • Project Credibility — ZetaChain is built by former Coinbase and Basic Attention Token (BAT) developers. It is backed by Coinbase, Binance, Polygon, and more.
    • Security — ZetaChain employs a novel omnichain approach to mitigate the risks of asset fragmentation and reduce the chances of 51% attacks. The project has been audited by PeckShield, Veridise, and QuantumBrief, and offers a bug bounty of up to $100,000.
    • Cost — The incentivized testnet currently involves testnet tokens.
    • Effort — Request ZETA tokens and swap assets between different chains frequently.

    Grading Insight: ZetaChain is featured on CoinGecko’s list of top airdrops to look out for in 2023. Its points-based system makes it easy for users to track their contribution to the network.

    Mantle Network

    • Project Credibility — Mantle Network is incubated by BitDAO, one of the largest DAOs and partner of Bybit.
    • Security — Its architecture adopts a modular approach to create a seperate, decetralized data availability layer in collaboration with EigenLayer. Smart contract code is regularly audited by the BitDAO community.
    • Cost — The incentivized testnet currently involves testnet tokens.
    • Effort — Bridge Goerli ETH to Mantle Testnet frequently. You can also complete Mantle Quests on Crew3 and Guild for a Discord role.

    Grading Insight: Developed by BitDAO, Mantle is a fully community-driven project. As such, value to the project is rewarded back to loyal supporters and users.

    Polyhedra Network

    • Project Credibility — Polyhedra Network is built by leading engineers, developers, and researchers from UC Berkeley, Tsinghua University, and Stanford University. The project recently raised $10 million in funding, backed by Binance, Animoca Brands, and Polychain Capital.
    • Security — Its infrastructure uses zero-knowledge proof (ZKP) to provide privacy extensions for Web3 with stealth address models.
    • Cost — Only testnet tokens are needed to cover gas fees.
    • Effort — Use Polyhedra CreatorTool to mint your own NFT and bridge them to other testnet blockchains. Repeat the process on different chains to enhance visibility of your on-chain activities.

    Grading Insight: Polyhedra just recently launched its testnet, which means early users are in a good position for a potential airdrop.

    C Tier Airdrops

    Fuel Network

    • Project Credibility — Fuel Network raised $80 million in funding, backed by Blockchain Capital and Stratos Technologies.
    • Security — The system is based on a fraud- or validity-provable computation system that leverages a modular blockchain for data accessibility.
    • Cost — Their Beta-2 Testnet is live. No real funds are used.
    • Effort — Fuel Wallet is required. Swap and trade tokens on SwaySwap frequently. You can also interact with other ecosystem DApps.

    Grading Insight: Fuel has not confirmed a token launch yet. But it is likely it needs a token to support its ecosystem and facilitate the functioning of the platform.

    Celestia

    • Project Credibility — Co-founder of Fuel Network, John Adler, also co-founded Celestia. The project has raised $55 million in funding, backed by Coinbase and Polychain Capital. Its total valuation is over $1 billion.
    • Security — Modular architecture is similar to Fuel Network. Celestia offers shared security to blockchains deployed on it by providing consensus and data availability inherited by all utilizing chains.
    • Cost — Its incentivized testnets require a node with decent internet connection. You will need to set up a development environment to run the Celestia node.
    • Effort — This is more suitable for developers or validators rather than users.

    Grading Insight: Limited access to general users.

    D Tier Airdrops

    Blur

    • Project Credibility — Blur is the fastest growing NFT marketplace on Ethereum, backed by Paradigm. Many Bored Ape holders and NFT whales have moved from OpenSea to Blur.
    • Security — Blur is audited by Code4rena and Dedaub. It uses multi-signature contracts for token transfers. However, Blur has a smart contract risk in its execution module, which only checks if the caller can transfer tokens. Contract owners may add addresses as callers for token transfers, so users must trust Blur before trading NFTs on it.
    • Cost — You will need ETH to bid or list on Blur. The more the better.
    • Effort — The difficulty for the Season 2 airdrop may increase due to heightened competition.

    Grading Insight: Since Blur tends to favor NFT and ETH whales, it might not be the most suitable choice for those looking for cost-free airdrops.

    Key Takeaway

    It is important to note that lower tier rankings does not mean that the airdrop is not good. It is simply because they are not as accessible as the higher tiered ones to everyday users. All of these crypto airdrops are the most trending this year, offering high value to early users.

  • GammaX Exchange Token Airdrop Guide: LIVE NOW

    GammaX Exchange Token Airdrop Guide: LIVE NOW

    The GammaX Exchange beta testnet is now live. Users can complete simple tasks to earn points in exchange for GammaX tokens. The more points you earn, the more tokens you can receive. In this article, we will explain what GammaX Exchange is and how to position yourself for the upcoming airdrop.

    GammaX Exchange Airdrop Step-by-Step Guide

    Here’s how to get a potential GammaX Exchange airdrop:

    1. Sign Up for Beta Testnet here.
    2. Answer Quizzes on Learn-to-Earn Platform
    3. Share Referral Link
    4. Follow GammaX Exchange on Twitter

    See below for more details.

    What is GammaX Exchange?

    GammaX Exchange is a decentralized platform for trading derivatives that provides the best of both worlds: the speed and liquidity of a centralized exchange and the security and governance of the blockchain. With audited smart contracts on StarkWare L2, GammaX ensures security and custody of users’ assets.

    The platform also offers a fast and easy user experience with an optimized off-chain order book, matching engine, and intuitive user interface. GammaX’s unique tokenomics and rewards system incentivizes genuine trading and retention while discouraging fraudulent activities such as wash trading and pumping/dumping of the token value.

    Investor Funding

    GammaX Exchange is backed by some of the biggest names in the crypto industry such as StarkWare, Alchemy, Cobo, Matrixport, Dexterity Capital, and Kyber Ventures. In August 2022, the team successfully closed a $4 million seed round, with Genesis Trading being one of the investors just before the FTX collapse.

    Does GammaX Exchange have a Token?

    Yes, GammaX Exchange plans to launch their own token. The tokenomics details are not out yet, but they have recently launched a rewards platform to incentivitize users for using the protocol. You can earn pre-token Gamma Points by completing various tasks on the GammaX rewards platform. These points will most likely correspond directly to your airdrop rewards once the token is launched.

    How to Receive GammaX Token Airdrop?

    The best way to receive GammaX airdrop is to sign up for their beta testnet (rewards platform) and complete tasks to earn pre-token GammaX Points. Here’s a step-by-step guide:

    1. Sign Up for Beta Testnet

      Sign up at gammax.exchange/beta-tester/?referral=44FA987 with our referral code (we each get 200 extra points)! Once you have signed up, 100 points will be automatically credited to your account.

      You can see your points and other account details at gammax.exchange/dashboard.

    2. Answer Quizzes on Learn-to-Earn Platform

      There are multiple courses available on gammax.exchange/learning-rewards. These courses involve watching video guides on certain crypto topics and then doing a quiz. You can earn up to 300 points for completing each course.

    3. Share Referral Link

      You will automatically receive your referral link upon signing up. If it doesn’t appear, please contact customer support by clicking the “chat” icon located at the bottom left corner of the screen.

      You can share your referral link with friends, and you will receive 200 points for each friend who signs up using your link (limited to 2 referrals per day).

    4. Follow GammaX Exchange on Twitter

      After following GammaX on Twitter, fill out this form with your wallet address and Twitter handle. 400 points will be credited manually every Monday.

    Airdrop Review

    Likelihood of Airdrop: GammaX has launched a rewards platform for users to earn points from completing tasks on the beta testnet. These pre-token points will correspond to your airdrop rewards once the token is issued.

    Airdropped Token Allocation: We do not yet know how much they will allocate for the airdrop. But for the time being, there is no limit to the Gamma Points you can earn.

    Airdrop Difficulty: The tasks are very easy to complete. All you have to do is watch the video guides and complete the quizzes for points. Additionally, you can refer to friends with your referral link and follow GammaX on Twitter.

    Token Utility: Their token utility is unknown, but it is likely it will follow the model of other decentralized exchanges (i.e. reducing transaction fees, providing liquidity).

    Token Lockup: There are no available tokenomics yet.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • Crypto Airdrops: The Good, The Bad, and The Ugly

    Crypto Airdrops: The Good, The Bad, and The Ugly

    Whether a blockchain project lives or dies depends on its capability to attract and grow its user base, and projects that are unable to gather or maintain their clientele eventually fold. To kickstart or encourage engagement within the community, these projects often find themselves doing token airdrops, using them to raise awareness and value for their products while also incentivizing new and existing customers. 

    Table of contents

    What is a crypto airdrop?

    A crypto airdrop is a method used to distribute cryptocurrencies to a project’s community of users for free, usually in exchange for participating in a campaign or owning other related assets. Airdrops are typically used as a marketing and awareness strategy to draw attention to a product or event. These projects may share tokens to existing users’ crypto wallets or encourage prospective users to register accounts to receive assets.

    Types of Airdrops

    Over the years, the airdrop marketing strategy has taken many different forms. Several projects have used airdrops to create awareness, promote features, and attract users. For instance, gaming metaverse ArcadeLand launched an airdrop in March where 850 participants shared a 2,000 USDT prize pool. Eligibility required simple tasks, including social media activity such as following ArcadeLand’s Twitter and participating in the project’s announcement channel on Telegram.

    There also was a MetaGods airdrop in November for 800 winners, including bonuses for the top 50 referrers. Participants also qualified for a $2,000 prize pool by completing tasks on Twitter and Telegram.

    The Sukhavati Network also launched an airdrop of 10,000 $SKT worth 6000 USDT to celebrate achievements, including an official startup sale on Gate.io and a MEXC listing. The prize pool was for a total of 1050 winners, with 1000 $SKT reserved for the top 50 referrers. Although projects use different types of airdrops depending on their aim for each one, the most common types include:

    Standard Airdrops

    During a standard airdrop, wallet holders receive small amounts of the new cryptocurrency in return for completing tasks, such as signing up for a newsletter or creating an account with the crypto project. Some projects require participants to complete a KYC (Know Your Customer) verification or provide their email and wallet addresses before receiving the tokens.

    Standard airdrops often serve as a good preface for projects to introduce themselves to the public. New projects, such as this recent airdrop hosted by Questian, attempts to pull in more attention by asking their community to complete tasks for USDT.

    Bounty Airdrops

    Projects that use bounty airdrops distribute their tokens among users who help to create awareness – usually across social media platforms. To be eligible for these airdrops, participants must perform simple tasks such as retweeting an official tweet, sharing a Facebook post, or creating Instagram media. Participants may also earn by referring new users. Although this type is similar to standard airdrops, the main difference is that crypto projects usually reserve bounty airdrops for people who help create public awareness. Standard airdrops are simply open to anyone who joins the project’s community via accounts, newsletters, or other similar channels.

    Exclusive Airdrops

    Blockchain projects usually reserve exclusive airdrops for loyal followers. In many cases, these airdrops automatically go to early adopters or users who are frequently active on the platform. Eligible members of the community receive these exclusive airdrops with no strings attached.

    Examples include a recent sudden airdrop hosted by MetaGods, which asks their community to simply drop their wallet address for an exclusive prize. The method was also utilized by AkiralGal, whose tweet asked their followers to screenshot their brand new AkiraGal wallpaper for more rewards.

    Exclusive Airdrop hosted by MetaGods
    Exclusive Airdrop hosted by AkiraGal

    Holder Airdrops

    These are airdrops for users who already hold specific cryptocurrencies or tokens. So, to be eligible for these holder airdrops, users need to be holding a specified type and/or amount of a particular token by a specified date.  For instance, a new Ethereum-based project may offer free tokens to the Ethereum blockchain community, or a new exchange may offer its tokens to holders who own the native cryptocurrency of a competing exchange. 

    Hard Fork Airdrops

    This type of airdrop occurs when a permanent blockchain split creates the need for a new token to go with the new chain. While the previous blockchain still exists along with old tokens, users may receive tokens from the new blockchain via an airdrop. However, this does not happen with every fork, only with hard forks. A hard fork occurs when the community cannot decide how to move forward, and a new chain must be created via a split.

    Growth and Popularity of Airdrops

    Since the inception of cryptocurrencies, people have used digital assets to move finance to decentralized platforms. Several decentralized cryptocurrency projects have also emerged to satisfy the global need for decentralized finance, with many of them using airdrops to attract users. These projects usually airdrop a percentage of their total token supply shortly before or after an official launch. A recent example is the Looks Rare airdrop, distributing 12% of the total $LOOKS token supply to anyone in the OpenSea community that spent more than 3 ETH on the NFT exchange. 

    Another example of the popularity of airdrops was the recent MetaWars Alliance Gleam Campaign which features an extensive collaboration between multiple projects. Running from April 17 to April 22, the campaign had a prize pool of more than $20,000 open to 100 winners. The MetaWars Alliance Campaign had 9 partners, including Souls of Meta, MetaLand, Battle Saga, The Three Kingdoms (TTK), Bit Hotel, Age of Tanks, Mouse Hunt, MechaChain, and FitEvo. The initiative was yet another prime example of how multiple projects can use airdrops for cross-promotion that can help all involved projects gain much-needed traction. MetaWars successfully achieved this aim as the campaign saw nearly 232,000 different entries.

    The Dark Side of Crypto Airdrops: Scams and Controversies

    The need for blockchain projects to launch airdrops spurred the creation of several platforms that aggregate airdrops from promising projects. These platforms made airdrops a lot more popular, increasing the number of people who consider the method a channel for passive income and an opportunity to earn new crypto assets.

    Beware of SCAMS!

    (Beware of scams! This recent ApeCoin attack stole $1 million through hacked verified accounts)

    Unfortunately, the airdrop method has suffered its fair share of scams and controversies. As with anything tagged “free,” illicit players exploit community members’ innocence and use deceptive means to obtain funds from unsuspecting people. In March, a Twitter phishing scam pretending to airdrop ApeCoin tokens successfully stole $1 million from unsuspecting users. The Ape Coin scam promised users a rare NFT airdrop which can only be received after paying an ETH gas fee. The scammers then not only made off with the ETH fee, but because users had to approve and sign the transaction with their cryptocurrency wallets, the scammers were able to take the rare and often valuable NFTs contained in those wallets. Some notable NFTs stolen in this scam included Jay Chou’s Phantabears, Bored Ape Yacht Club, Mutant Ape Yacht Club and Doodles. 

    There was also a fake Azuki NFT airdrop where self-proclaimed Azuki affiliates hijacked verified user handles, got users to connect their Ethereum wallets, and made away with their highly valuable NFTs.

    How to Protect Yourself Against Airdrop Scams

    In light of these scams, members of the crypto community should adhere to certain precautions when participating in airdrops. The most important is the DYOR (Do Your Own Research) rule, which requires people to do extensive research on projects advertising airdrops before buying in. 

    However, scammers are keeping ahead of the game. For example in the ApeCoin airdrop scam, the scammers hacked into and hijacked the Discord servers for Doodle and BAYC, posting the faked website on the server to make it look like a legitimate announcement. The scammers also used faked Twitter accounts (including some from verified Twitter handles) to spread the fake links. 

    The following are other steps that help avoid airdrop scams:

    • Never pay for airdrops;
    • Check multiple sources and social media accounts belonging to the project to see if the airdrop is legitimate. For example, if a projects’ Discord server is being compromised they may make an announcement on their official Twitter or Telegram;
    • Never participate in an airdrop that requires user private keys or mnemonic phrases;
    • Protect personal identity and data as much as possible;
    • Avoid KYC airdrops if possible (although not always the case); and
    • Most airdrops require an email address. Users should create a new ‘burner’ email address to use only for airdrops.

    It might be impossible to create an exhaustive list of steps required to avoid scams because fraudsters get more creative with their illicit activities, but participants should always be on the lookout for airdrops that do not tick security boxes or have little to no information obtainable from research.

    Airdrops have many benefits in the blockchain space, such as marketing, building communities, and providing additional value to loyal users of crypto assets. Authentic airdrops help people earn extra income and provide additional utility with little to no effort. However, airdrops may be harmful to people who do inadequate due diligence or personal research. If an airdrop seems too good to be true, there’s a good chance it is.