Make sense of the news and how it affects the blockchain space as a whole. Crypto trends is a collection of relevant news and insights to help you make an informed decision.
DojoSwap ($DOJO) is a DEX built on Injective that aims to provide efficient trading and liquidity mining to the Injective ecosystem. The project have confirmed on their roadmap they will do an airdrop. Learn how to get the DojoSwap ($DOJO) token airdrop with this guide.
Check out our DojoSwap ($DOJO) token airdrop video guide!
https://www.youtube.com/watch?v=bgV5EIwSXKo
DojoSwap AIRDROP: HUGE Yields for Injective STAKING?!
What is DojoSwap ($DOJO)?
DojoSwap is a decentralized finance (DeFi) platform on Injective. It is designed to enable users to earn rewards by participating in liquidity provision and farming activities within the cryptocurrency ecosystem. DojoSwap offers a user-friendly way for users to yield farm, which involves staking and providing liquidity to various cryptocurrency assets.
Key features of DojoSwap include:
Liquidity Provision: DojoSwap allows users to provide liquidity to cryptocurrency pairs, such as INJ and dINJ, to facilitate trading on DEXs.
Staking INJ Tokens: Users stake their INJ tokens to earn dINJ rewards, which represent their share of the liquidity pool.
Farming Rewards: By staking the liquidity pool tokens (e.g., dINJ-INJ LP), users can farm rewards. This includes validation APR from dINJ and Farm APR from $DOJO token emissions.
Trading Fees: Users who provide liquidity can also earn trading fees accrued to the liquidity pool pair, enhancing their potential earnings.
In essence, DojoSwap simplifies the process of participating in DeFi activities. Thus, making it accessible to users who wish to earn rewards by providing liquidity and staking INJ tokens. It offers the opportunity to earn rewards through various mechanisms while facilitating cryptocurrency trading on decentralized platforms.
What is the DojoSwap ($DOJO) token?
The $DOJO token is the native token for the DojoSwap ecosystem, serving several essential purposes:
Governance: DOJO token holders have the power to make decisions and influence the platform’s development and future directions through voting on proposals and changes.
Rewards: DOJO tokens are distributed as rewards to liquidity providers and farmers, incentivizing users to participate in the platform by staking their tokens or providing liquidity.
Staking: DOJO tokens can be staked, allowing users to earn more DOJO tokens over time, enhancing their overall holdings.
Transaction Fee Reduction: DOJO holders enjoy reduced transaction fees when interacting with the DojoSwap platform, making it cost-effective for users.
DOJO is the backbone of the DojoSwap ecosystem, providing governance power, rewards, staking opportunities, and fee reduction benefits to users. It plays a central role in incentivizing and governing the platform, making it an integral part of the DojoSwap experience.
How to get the DojoSwap ($DOJO) token airdrop
Time needed: 29 minutes
Here’s how to get the DojoSwao ($DOJO) token airdrop
Set up a wallet
DojoSwap supports the following web3 wallets: Metamask, Keplr, Leap and TrustWallet.
Get Injective ($INJ) tokens
To participate in DojoSwap, you’ll need Injective Protocol (INJ) tokens. You can buy Injective ($INJ) on various cryptocurrency exchanges such as Bybit or Binance.
We suggest funding your wallet with INJ by transferring tokens to your Web3 wallet from your exchange wallet. This is because this is likely to cos the least transaction fees.
Connect to DojoSwap
Visit the official DojoSwap website (make sure you are using the correct and official website) and click the “Connect” button on the top right hand side.
Stake INJ
Go to https://dojo.trading/liquid-staking, select the amount of INJ you wish to stake and click “Stake”. You will earn DoJo Injective ($dINJ) tokens as a reward. Note that it will take 24 days to unstake. Alternatively, you can unstake immediately by swapping your $dINJ for $INJ, but this would result in some loss.
BONUS: Maximise your $INJ returns
To maximise your staking returns and get the maximum effective ROI, stake half of your $INJ to receive $dINJ. Then, farm dINJ-INJ LP in equal amounts i.e. type in the same amount of $INJ and $dINJ. However, we recommend providing slightly less $INJ than what is in your wallet balance as you may need $INJ to pay transaction fees.
Finally, go to https://dojo.trading/farms and deposit everything into the dINJ-INJ LP farm. By doing this, you will receive $POINTs that will be redeemable to $DOJO, and trading fees generated by the dINJ/INJ liquidity pool pair.
Likelihood of airdrop: The likelihood that DojoSwap will do an airdrop is very high, as they confirmed on their roadmap that they will distribute $DOJO tokens to eligible participants.
Airdropped token allocation: Dojoswap have allocated 48 million tokens (6% of their total token supply) towards their airdrops, redemption of $POINTs for $DOJO as well as their marketing and ecosystem grant.
Airdrop difficulty: The airdrop difficulty is moderate as it involes buying and transferring INJ tokens, connecting to DojoSwap, staking INJ, and harvesting farming rewards. However, you will be using real funds to do this.
Token utility: DOJO holders receive a share of fees and token burning generated from protocol fees, along with unique privileges like access to exclusive launchpads and integrations with future partners.
Token lockup: There will not be any lockup for the $DOJO token.
PRYZM ($PRYZM) is a platform built on Cosmos that allows users to trade their future staking rewards for different types of tokens, such as fixed yield tokens, leveraged yield tokens, or stablecoins. The team have confirmed they will do an airdrop to BOTH Cosmos stakers and PRYZM testnet users. Here’s our guide to the PRYZM ($PRYZM) token airdrop.
Check out our PRYZM airdrop video guide!
https://www.youtube.com/watch?v=Axab5iDuxUQ
Pryzm AIRDROP: HUGE Testnet Airdrop on COSMOS (SUPER EARLY)
What is PRYZM ($PRYZM)?
PRYZM is a new way of using DeFi. Built on Cosmos, PRYZM lets people swap, trade, and convert their future income from DeFi into different forms. Here are some of its main features:
Fixed Yield Swap: You can exchange your variable income from DeFi for a fixed income for a certain period of time. This way, you can avoid the risk of losing money if the market changes.
Yield Leverage: You can borrow money from PRYZM to increase your income from DeFi. You don’t have to worry about paying back the loan or losing your assets if the market goes down.
Yield Conversion: You can change your future income from DeFi into any stablecoin, which is a digital currency that has a fixed value. This way, you can protect yourself from the price fluctuations of DeFi assets.
Yield Tokenization: You can split your DeFi asset into two parts: one that represents the principal amount and one that represents the income. You can then trade or stake these parts separately or together.
What is the PRYZM ($PRYZM) token?
The PRYZM token is the native token of the PRYZM network. It is used to pay for transaction fees, governance, and staking rewards.
Will there be a PRYZM token airdrop?
The PRYZM team have confirmed they will do an airdrop in their upcoming StakeDrop event. Later, they also announced further airdrop criteria. Up to 200 million PRYZM (i.e. 20% of the total token supply) will be airdropped to PRYZM’s Atom, Osmosis and Luna Validators. Users can participate in the StakeDrop by staking one or more of the following tokens: $ATOM, $OSMO or $LUNA. The airdrop amount for each user will depend on the amount and type of tokens they stake, as well as the duration of their participation. The airdrop eligibility criteria and distribution schedule will be announced soon here.
Pryzm Airdrops 🪂
✔️Backers: Pryzm delegators ✔️OGs: May 2022 PRISM holders
PRYZM has confirmed they will do an airdrop to BOTH Cosmos stakers and PRYZM testnet users. Here’s how to get a potential PRYZM token airdrop, as well as some of our additional strategies to maximise your airdrop!
Stake Cosmos $ATOM tokens
Go to your Keplr (or Leap) wallet dashboard. Click on “Chains” on the left. Click into “Cosmos Hub” and search for the PRYZM validator. Type in the amount of $ATOM you wish to stake and click “Stake”. Note for the airdrop there is no minimum amount which must be staked in order to qualify. However it is likely that the more you stake, the more tokens you will receive.
Stake Osmosis $OSMO tokens
Follow the same steps in 1 above but in the Chains section, click into “Osmosis”. Search for the PRYZM validator. Select the amount of $OSMO you wish to stake and click “Stake”.
Stake Terra $LUNA tokens
Go here and fill in the amount of $LUNA tokens you wish to stake. Click “Delegate”.
Mint and hold $cLUNA
This only applies if you had been bonding your $LUNA to mint $cLUNA. PRYZM have announced that the current $cLUNA contract on Terra will be deprecated. So, users are asked to unbond their $cLUNA before PRYZM’s mainnet launch. However, PRYZM will still be doing weekly airdrop snapshots for $cLUNA holders for 3 more weeks until 2nd February 2024 to allow users time to redeem their $cLUNA.
Complete Zealy quests
Go to the PRYZM Zealy questboard and complete the tasks. Most of these are social tasks such as interacting with their social media pages. Other tasks include delegating $ATOM, $OSMO and $LUNA which you would have already done in steps 1 to 3 above.
Set up PRYZM testnet
Connect your wallet to https://testnet.pryzm.zone/. Go to “Faucet” and click “Request tokens” for some testnet $USDSim and $PRYZM. Then, delegate your $PRYZM by going to “Earn” and “Delegate”. Type in the amount of testnet $PRYZM tokens you wish to delegate, select any validator and click “Stake”. You will gain voting power once you have delgated your $PRYZM, so do not forget to vote on any governance proposals.
Delegate and vote on PRYZM testnet
Delegate your $PRYZM by going to “Earn” and “Delegate”. Type in the amount of testnet $PRYZM tokens you wish to delegate, select any validator and click “Stake”. You will gain voting power once you have delegated your $PRYZM, so do not forget to vote on any governance proposals.
Swap tokens on PRYZM testnet
Go to https://testnet.pryzm.zone/swap. Swap some $USDSim to $ATOM and $LUNA. We recommend these two swaps because it means you can also bond the tokens using their liquid staking feature (see below).
Bond tokens on PRYZM testnet
Go to https://testnet.pryzm.zone/pryzm/bond. Select the amount of $ATOM or $LUNA tokens you wish to bond and click “Accept and bond”. You will receive $cATOM and $cLUNA tokens respectively.
Provide liquidity on PRYZM testnet
Go to https://testnet.pryzm.zone/pools. Most people choose the USDSim/PRYZM or SIM/PRYZM pools. Click into the pool and select the number of tokens you wish to provide and click “Provide liquidity”. Approve the transaction in your Keplr wallet.
What is interesting about the pools on PRYZM is that you do not need to provide a pair of tokens. You can provide only 1 of the tokens by clicking the red minus button on the token do you not want to provide.
Providing liquidity will get you $yAssets or $pAssets, which can be used for other features on PRYZM.
Test the rates feature on PRYZM testnet
Go to https://testnet.pryzm.zone/pryzm/rates and choose between Fixed Yield Token (pAsset) or Variable Yield Token (yAsset). This will swap your $ATOM to $pATOM or $yATOM, as the case may be. You can also click on “Refract” which will allow you to get both $pATOM and $yATOM using $cATOM. Also try the “Merge” feature, which is the opposite of Refract i.e. your $pATOM and $yATOM will be merged into $cATOM.
Try the PulseTrade feature on PRYZM testnet
PulseTrade is a feature which allows you to break down your trades into smaller parts. This helps you control when they are executed and reduces the price impact caused by larger trades. To use the PulseTrade feature, go to https://testnet.pryzm.zone/pulsetrade and buy liquidity pool tokens using $PRYZM.
Try the FlowTrade feature on PRYZM testnet
FlowTrade allows users to gradually convert any token to another. Go to https://testnet.pryzm.zone/flowtrade and choose a flow. Click on a live trade, choose the number of $PRYZM tokens and click “Join the flow”. Alternatively you can create your own Flow.
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: PRYZM have already confirmed they will do an airdrop and given lots of hints on how to be eligible for it.
Airdropped token allocation: The PRYZM team will airdrop up to 200 million PRYZM (i.e. 20% of the total token supply).
Airdrop difficulty: There are a range of tasks to complete, such as social tasks on Zealy, interacting with their testnet and most importantly, staking onto PRYZM’s Validators. There is something for every skill level.
Token utility: PRYZM token is the official cryptocurrency of the PRYZM network. It is used to cover transaction fees, governance, and staking rewards.
Token lockup: There is no information on the $PRYZM token lockup yet.
Myria nodes are primarily used for gaming based layers, often referred to as Layer 2, which is essentially a scaling solution designed for games. The main function of these nodes is to promote the concept of zero gas fees.
Becoming a node owner enables you to directly generate Myria. Additionally, as a node holder, you will also receive daily Myria rewards, voting rights, and NFTs. The more nodes that are online, the more the rewards slightly drop.
Myria Node Tutorial
https://youtube.com/live/_jJFrtaUAbk
Acquire Myria tokens which can be converted to U.S. dollars or USDT. Tokens can be purchased and sold on both centralized and decentralized exchanges, such as Bybit or Uniswap.
Calculate the expected return and the break-even point. A rough calculation can be obtained by multiplying daily rewards by 28 (days of a month). The quantity may decrease as more nodes join. This data provides a general estimate, and the price of Myria could change over time.
Running a node is a technical task that will require some learning. Two strategies include running it on an old PC or with DigitalOcean.
Connect your wallet to the Myriad node. Once connected and signed in, transfer your Myria tokens, taking note of the specific value and associated transaction fee.
Myriad is a gaming-specific blockchain, often referred to as Layer 2. Myriad Node acts like a highway, allowing faster transactions and reduced costs by limiting the amount of information it reports back to Ethereum.
Proceed with the purchase of the Myriad Node using the Myriad tokens deposited.
Download the Myriad node client suitable for your operating system (Windows/Mac/Linux). Run the install process until it’s completed.
Enter your Myriad Node API Key into the installed Myriad Node client. You can locate your Node API Key within your Myriad account.
Key Updates for Myria
Metarush reached a new milestone with the first-ever closed demo in February 20231.
The Myria lore received new chapters in March 20231.
The Myria Whitepaper was released in March, providing detailed information about the ecosystem, tokenomics, and various features1.
The MYRIA token went live in early April, launching first on the OKX exchange and then on KuCoin, Gate, MEXC, Bitmart, and Uniswap1.
The founders, Andrew and Brendan, discussed the biggest crypto highlights of 2023
SyncSwap is one of the first and biggest protocols in the zkSync ecosystem. SyncSwap is a DeFi hub that allows users to trade and deposit liquidity into pools to earn trading fees, all with the same security as the Ethereum mainnet. (eluminoustechnologies) On 1st March 2023, SyncSwap announced their testnet is live on the zkSync Era testnet. In this article, we look at how you can best position yourself to receive a potential SyncSwap token airdrop.
SyncSwap is a decentralized exchange (DEX) that offers users a secure and low-cost way to access DeFi (decentralized finance). Powered by zero-knowledge technology, SyncSwap provides users with a seamless and secure way to trade Ethereum-based assets. With SyncSwap, users can enjoy the benefits of DeFi without sacrificing security.
Does SyncSwap have a token?
SyncSwap will have a token in the future, called $SYNC. However, there is no official announcement yet, but with the popularity of airdrops and the positive benefits they can bring to a project (See Blur token airdrop), it is very likely that SyncSwap will do an airdrop. Especially since zkSync is also likely to do an airdrop too.
How to receive a potential SyncSwap token airdrop?
The best method of receiving a potential SyncSwap airdrop is to interact with the SyncSwap Era testnet. Here’s how to receive a potential SyncSwap ($SYNC) token airdrop:
Go to their Swap page. Choose the type and amount of tokens and click “Swap”.
Deposit liquidity to their Pools. On the top bar, click the down arrow, “Positions” and “New Position”. Select USDC and ETH and click “Enter Pool”. Then click “Deposit” located on the left-hand side of the screen and deposit both USDC and ETH. Then, unlock your tokens and deposit them into the pool.
The first phase of the SyncSwap loyalty program will last for 30 days from April 10th 14:00 (UTC) and to May 10th 15:00 (UTC+1). During this phase, 900,000 $SYNC will be up for grabs. To participate, start trading ETH, USDC, BUSD (Celer Network) and USD+ to earn ySYNC. You will automatically get 1 ySYNC for every $1 generated in trading fees. It is a non-transferable SyncSwap Loyalty Token that can also be converted to veSYNC tokens.
How to save gas fees on SyncSwap
Transaction volume could be the key to getting a potential $SYNC token airdrop. However, gas fees can be very expensive. Here’s 2 top ways on how to maximize your $SYNC airdrop by saving gas fees on SyncSwap:
Paymaster is a new feature that allows you to use other tokens to pay gas fees AND gives you fee discounts for doing so. Paymaster currently lets you pay gas fees using $USDT, $USDC and $HOLD. To use Paymaster on SyncSwap, make sure your MetaMask wallet and SyncSwap are both connected to the zkSync Era Network. Next, click and hold on your account balance which will bring up the Paymaster window. There, you can see the fee discounts offered by Paymaster when using other tokens to pay gas fees. For example, you get a 50% fee discount when paying with $HOLD! Click the token you wish to pay gas fees with and continue with the swap transaction on SyncSwap.
Alternatively, if you want to use ETH to pay transaction fees, you can save gas fees by wrapping and unwrapping ETH. To do this, wrap and unwrap ETH on the “Trade” tab. Select “ETH” and “WETH” as the tokens and input the amount of ETH to be swapped, then click “Wrap”. Confirm the transaction on Metamask. Then, do the reverse to unwrap your ETH. Gas fees are around $1 per transaction.
Approve token spend. On the “Trade” tab, choose a token and type in “1”. Then click “Unlock”. On your Metamask, select the custom spending cap and click “Next”. Gas fees are around $1 per transaction.
SyncSwap 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: SyncSwap has confirmed it will have a $SYNC token. They are likely to do an airdrop considering how it is proven how effective it can be in bringing attention and users to a protocol. Also, SyncSwap is built on zkSync, which themselves are also likely to do an airdrop.
Airdropped Token Allocation: The tokenomics of the SyncSwap token are unknown.
Airdrop Difficulty: The project has not yet released details about any airdrops. However, interacting with their testnet may give you a chance to get a potential airdrop. It also only requires testnet tokens, so it is free to do!
Token Utility: The SyncSwap token utility is unknown.
Token Lockup: The SyncSwap token lockup period is unknown.
Phemex is a professional-grade Cryptocurrency exchange offering both Bitcoin spot and options trading. The exchange offers an innovative zero-fee trading model where fees are not charged per transaction. Phemex also offers Bitcoin, Ethereum, and Chainlink Perpetual futures. The exchange is built by ex-Morgan Stanley executives, aiming at providing institutional-grade trading tools and security. Derivatives trading allows traders to increase their exposure to certain assets and the ability to “short”.
Key Features of Phemex
Free trades on Spot Exchange (Premium account)
Institutional grade trading and security
Robust trading insurance
Free deposit fees
Ability to Leverage up to 100X margin
[wp-compear id=”5176″]
Phemex Spot Exchange & Free trades
One of the key advantages of Phemex exchange is the ability to have free zero fee trades. This concept is groundbreaking for the cryptocurrency exchange industry because the previous model charged trading fees for both buying and selling crypto. These fees would add up over time, with many traders paying thousands of dollars to cryptocurrency exchanges. With Phemex, these traders can take advantage of the zero fee trading model and only pay a monthly premium of $9.99 USD per month. This is a huge game changer for cryptocurrency daytraders and technical analysts.
Phemex is also offering a US$6,050 sign up bonus, as well as 2 BTC and 10,000 USDT in trial funds! Sign up here.
I think that this is a trend and responsibility of exchange is to reduce fees for small capital users And, for the institutional clients, they willing to pay more fees, but to have a better service, like data-wise, analysis wise, right? So that’s two different groups. So we, and we announced our zero fee permission, they just to benefit our retail customers.
Jack Tao, CEO of Phemex
Bitcoin Perpetual Futures
The core trading product offered by Phemex is cryptocurrency derivatives trading such as Bitcoin Perpetual Futures. Derivatives are financial tools that derive value from the underlying product – in this case cryptocurrencies such as Bitcoin. Phemexexchange trades contracts based on the underlying asset instead of the asset themselves – this allows higher leverage and more types of products. Phemexallows up to a 101X max leverage on derivative products. This means a 1% change in the price of Bitcoin could result in 100% change in the funding amount – potentially allowing traders to double or nothing on the exchange. This type of leverage is popularized by the BitMEX exchange which also allows 100X leverage.
Supported Countries
Phemex exchange does not offer its services to the following countries: US, UK, Canada, Cuba, Crimea, Sevastopol, Iraq, Yemen, Iran, Syria, North Korea, South Korea, Sudan, China, Hong Kong, Republic of Seychelles, and Bermuda.
Supported Cryptocurrencies
Phemex only 6 cryptocurrencies for the time being: Bitcoin, Ethereum, Ripple, ChainLink, Tezos, Litecoin. Though for contracts, Phemex also does offer a GOLD/USD trading pair.
Phemex Trading take profit orders and stop-losses
Take Profit and Stop loss triggers on Phemex
One of the key advantages of Phemex is use of stop-loss and take profit orders. These orders allow professional traders to fine-tune their trading strategies and set up opportunities to take profit or stop-loss. By default, Phemex has quick options to take profit at 25%, 50%, 75% and 100% profit. These can be set when the initial position is established with a clear indication the mark price and estimated profit or loss. It’s important to remember that when take profit or stop losses are triggered, the position will be sold as a market order – meaning that the algorithm will automatically match a trade even if it’s not at the same price.
Phemex Fees
Trading Fees
The standard contract trading fees on Phemex is set at 0.01% for makers and 0.05% for takers. Whilst standard spot trading fees are 0.1% for makers and 0.1% for takers. Phemex offers trading fee discounts for VIP users i.e. those with high trading volume on their Exchange. Users can also enjoy trading fee discounts by staking Phemex’s native $PT token in return for $vePT, enough $vePT tokens.
There is no addition transaction fee for the exchange, so users can trade even small quantities without fear of having overwhelming fees. Taker fees are higher as the exchange promotes users to fill the order books and establish higher liquidity for the exchange.
Funding fee is feature that is extremely important to take into consideration on Phemex. Funding rate is paid directly to holders of either long or short positions depending if its “negative funding” or “positive funding” rate. On Phemex, the fee is charged every 8 hours and can be negative or positive – meaning it’s possible to gain or lose money every 8 hours. If funding rate is negative, shorts holders will pay longs a percentage of their position. In the example above, the funding rate is -0.0094%, so short holders will be charged 0.0094% of their entire position. This also means that long holders will gain interest on their position.
Click HERE to learn more about crypto funding rates and how to earn passive income from them.
Deposit/Wtihdrawal fees
Phemex does not charge a deposit fee, but there are minimum deposit requirements. As for withdrawals, there is also a minimum withdrawal limit and the fee charged depends on the cryptocurrency. For example, Phemex charges 0.0005 BTC for BTC withdrawals, and 1 USDT for USDT withdrawals.
Phemex has a utility token known as Phemex Token ($PT). $PT gives holders various benefits including staking yields, trading fee discounts, VIP privileges, cashback airdrops, DAO governance, as well as launchpad and launchpool access. Phemex Token cab be purchased on the Exchange, and it can be staked to obtain Vote Escrow PT ($vePT). $vePT grants exclusive voting rights in the PhemexDAO, staking yields and buy crypto airdrops privilege.
Payment methods
Phemex only accepts the following cryptocurrency deposits onto the Exchange: Bitcoin, Ethereum, ChainLink, Tether and Ripple. Due to the Exchange not having any KYC procedures in place, traditional payment methods such as credit or debit cards and PayPal are not accepted.
Sub-accounts feature
Phemex sub accounts
Phemex offers an easy method to create sub-accounts – each with their own individual account balances and permissions. This feature allows traders to isolate their different trading strategies from each other – as it is possible to set a limited balance to each sub-account. Balance can be transferred freely between the accounts via the sub-account system. Traders can create new accounts for each new strategy they want to test out. In addition, sub-accounts can be used for trading bots – so automated trading can be done within controlled limits.
Is Phemex Exchange Safe?
Phemex has never been the subject of a significant hack. They also have the following practices to keep user funds safe:
Cold wallets: Phemex assigns separate cold wallet deposit addresses to each user and keeps 100% of user funds in reserve. It also uses offline signature and Merkle-tree Proof-of-Reserves so users can see where their funds are in Phemex’s system.
Risk controls: Phemex uses a two-factor authentication mechanism, an anti-phishing code, and a double-entry bookkeeping system to protect user accounts from tampering and malicious actions.
Firewall and network management: Phemex deploys its system on the AWS Cloud and uses several firewalls to separate different zones and machines for different trading purposes. It also applies restrictions on system and instance accessibility.
Trading platform:Phemex uses C++ engines that are fast, reliable, and customized to provide high performance and seamless disaster recovery for 24×7 trading.
Phemex Team
The core of Phemex team is comprised of ex-Morgan Stanley executives and developers. CEO Jack Tao has worked at Morgan Stanley for 11 years with experience developing Equity trading algorithms in the US. This work is pivotal to Phemex’s long term growth strategy and mission to bring professional trading tools to the cryptocurrency space.
Phemex Core Team
Conclusion: Phemex Exchange Pros and Cons
Pros
Developed by ex-Morgan Stanley Executives
Industry trend-setting Zero Fee Trading
Sub Accounts and easy to use APIs
Top tier exchange and wallet security
No KYC for small withdraws
Cons
Relatively new.
Regional restrictions without providing alternatives for users from those jurisdictions.
Phemex is currently looking for regulation via the Monetary Authority of Singapore (MAS) and SEBA for custody of customer assets. Similar to other derivatives exchanges such as BitMEX, PheMEX is currently not regulated.
Is Phemex allowed in the US?
Phemex does not offer services to the following countries: US, UK, Canada, Cuba, Crimea, Sevastopol, Iraq, Yemen, Iran, Syria, North Korea, South Korea, Sudan, China, Hong Kong, Republic of Seychelles, and Bermuda
Does Phemex have a token?
Phemex has a token known as Phemex Token or $PT. It is a utility token that provides benefits such as staking yields, fee discounts, and Phemex DAO governance.
What is the difference between PT and vePT
PT is Phemex Token, the native token of Phemex Exchange. Users stake PT in order to get vePT (vote escrow PT).
Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
Blur ($BLUR) refers to itself as the “Fastest NFT Marketplace”. Recently they completed the first season of 3 airdrops- known as “Care Packages”. Meanwhile, Blur has announced they will distribute over 300 million $BLUR in Season 2, and all listing and loyalty points will be doubled until 1 May 2023. Blur’s Season 2 airdrop has already closed with over 300 million BLUR being distributed. Blur however, have confirmed they will be doing a Season 3 airdrop in May 2024. So in this article, we give strategic ways to increase listing points with the lowest investment possible.
Blur has announced its season 3 airdrop. This time, Blur Season 3 airdrop will be powered by Blast, a new layer 2 with native yield. The airdrop will end in May 2024 with 50% being distributed to the community based on their Blur Points and 50% based on their Holder Points Here’s how to maximize your Blur season 3 airdrop:
Keep bids listed for a longer duration to get more Bidding Points.
Listing blue chip and active collections for more Listing Points.
Make Loan Offers with higher Max Borrow and Lower APY for maximum Lending Points.
Bid, list and lend more to get onto the 24 hour leaderboard.
Maximise your Blur Loyalty Points by actively listing blue chips and active collections exclusively on Blur.
Deposit $BLUR and keep maintain the deposit for Holder Points.
Blur ($BLUR) is a decentralized NFT marketplace. They adopt an original strategy where users who support creator royalties will be rewarded with more tokens. The Blur team is anonymous, although they claim to have experience from Square, MIT, Brex, Five Rings, and Y Combinator. Blur aims to stand out as an NFT Marketplace with these unique features:
Sweep across multiple marketplaces;
fast access to NFT reveals. Blur lets users snipe NFTs before it even hits the major NFT market analytics sites and aggregators, and
improved user experience (UX) and interface.
So far, Blur has raised over 11 million in its Seed Round led by Paradigm.
$BLUR Tokenomics
$BLUR’s max supply is capped at 3 billion tokens (Source: TokenUnlocks). 51% of it goes to the community treasury, 29% to core contributors, 19% to investors, and 1% to advisors. Currently, only 360 million $BLUR are unlocked and in circulation, meaning 88% of tokens are locked.
There will be a linear unlock of 1.2 million $BLUR per day distributed to the community treasury. And the next cliff unlocks will be on 15th June 2023, unlocking 196 million $BLUR to all holders.
Does Blur have an airdrop?
There will be a Blur airdrop Season 2. Season 1 had 3 rounds of airdrops. Blur’s Airdrop 3, the largest and final airdrop of Season 1 distributed 1-2x more $BLUR to participants compared to Airdrop 2 and ended on 14th February 2023. Blur has confirmed that over 300m tokens will be distributed in Season 2.
Click on the “Airdrop” tab to see how many Care Packages you have earned.
Claim your Care Package by clicking “Reveal Care Packages”.
Then, to claim your $BLUR, click “Continue to BLUR”, “Open care packages for $BLUR”, “Next” and then “Open for $BLUR”.
You will then be asked to Tweet to claim $BLUR, do this and then click “Verify Tweet”.
Connect your wallet (e.g. MetaMask) to claim $BLUR and certify that you are not a US person. You may be required to manually add the $BLUR token contract to your MetaMask in order to see your $BLUR holdings.
Confirm the transaction on your wallet.
Blur Season 3 airdrop strategy guide
Blur has confirmed that Season 3 will be powered by Blast, their new layer 2 with native yield backed by investors such as Paradigm, Standard Crypto, and eGirl Capital. Season 3 will last for 6 months and will end in May 2024. In this airdrop, 50% of the airdrop will be distributed to the Blur community based on their Blur Points. Meanwhile the remaining 50% of the airdrop tokens will be distributed based on their Holder Points.
How to get Blur Points?
In Season 3, Bidding and Listing Points will be available on all collections at the same rate. So, there will no longer be any NFT collections that offer 2x boosts on points. You can earn Blur points by bidding, listing and lending on the Blur.io platform. Lending however, is only available on certain supported collections. In addition, Lending Points are also only emitted at half the rate of Bidding and Listing Points.
Blur however have kept their rolling 24 leaderboard. Those who get onto the leaderboard and further rewarded with different boosts of up to 2.5x for the top 100 point earners in a 24 hour time period.
How to maximize your Blur Bid Points
Bid Points are given to bids on collections based on its 24 hour volume.
Within a collection, the highest “risk” bids will earn the majority of points. For example, if the floor price of an NFT is 1.01, and there are 100 bids at 1 whilst your bid is at 0.99, you would not earn as many points. This is because there are 100 bids in front of you at a higher price. Whereas if you bid at 1.01, you are bidding more than others and taking the most “risk”. This in turn means you can earn more points to potentially get more $BLUR;
The longer your bid is active, the more points you will receive. You stop earning points when your bid is accepted. Meanwhile bids can be cancelled for free;
Users can reuse the ETH in their Bid Pool across different NFT collections. So, the strategy to get maximum points is to bid closest to the floor price across multiple active collections; and
The top 100 bidders within a 24-hour time period on Blur’s 24-hour leaderboard can receive up to 2.5x boosts.
Maximize your Blur Listing Points
Listing Points are awarded for listing NFTs on the platform. However, to prevent people gaming the system, Blur does not show how many Listing Points are award. Nevertheless, Blur have given some tips on how to maximize your Blur Listing Points:
List all your NFTs. This is because the more you list, the more you earn.
Listing blue chip and active collections are likely to help you earn more points.
If you don’t plan to sell your NFTs list them for a short time slightly above the floor price but at a price that is unlikely to sell. Delist them, then list again at a new floor price.
Use all of Blur’s listing tools e.g. listing by floor price, trait floor price, and ladder list.
Avoid “gaming” the system, e.g. by relisting NFTs at unrealistic prices, listing dead collections, and sybil attacking. The Blur team will do most of their on-chain analysis at the end of Season 3. Anyone who has been gaming the system will be retroactively filtered out and will not receive an airdrop.
Maximise your Blur Lending Points on Blend
Blend (short for Blur Lending) is a peer-to-peer perpetual lending protocol for NFTs. It allows NFT holders to borrow ETH against their NFTs without needing to sell them. Meanwhile, if you want to buy an NFT, you can buy now pay later. For example, you can buy a Punk with 8 ETH (instead of 50 ETH), and borrow the remaining 42 ETH. After making your purchase, you can take full ownership of your NFT anytime by repaying your borrowed amount. Or, you can list your NFT at any time and keep any profit when you sell.
You earn Lending Points by making Loan Offers using ETH in your Blur Pool. This means you can earn both Bidding and Lending points at the same time!
Here’s how you can maximise your Blur Lending Points:
2 factors determine how many points your Loan Offers receive: Max Borrow and APY. Max Borrow refers to the maximum amount of ETH someone can borrow using a single NFT. A higher Max Borrow gives you more points. APY represents the interest earned on a Loan Offer once it’s accepted. A lower APY is better. So, make Loan Offers with higher Max Borrow and Lower APY.
Make multiple Loan Offers on the same NFT collection with different Max Borrows and APYs. You can earn points for all of these Loan Offers.
You can reuse the ETH in your Blur Pool across collections, so go ahead and make multiple Loan Offers.
Loan Offers must be kept open for at least 24 hours. If you close your offer before then, you will lose 250 points as a penalty.
Maximise your Blur Loyalty Points
Blur has said that Loyalty is the secret weapon for getting the most rewards for Blur Points in Season 3. At the end of Season 3, these points will be converted into Care Packages with different rarities. Those with 100% loyalty will have the highest chances of getting the higher-reward Mythical Care Packages 100x Uncommon Care Packages.
Blur has suggested 3 ways to maximise your Loyalty Points:
List your NFTs only through Blur to maintain 100% loyalty.
Actively list blue chips and active collections while maintaining 100% loyalty.
Maintain 100% loyalty throughout Season 3 as Blur looks at average loyalty when determining your chances of getting Mythical Care Packages.
Gaming loyalty will result in a penalty e.g. transferring to and listing from other addresses or providing liquidity in AMMs for NFTs.
Holder Points counts for 50% of the Season 3 airdrop rewards. You can earn Holder Points every hour by depositing $BLUR. Your Holder Points multiplier starts at 1x and increases by 0.5x every month after your first deposit. Whilst Season 2 airdrop recipients start at a 2x multiplier. You can withdraw your deposit at any time, but your multiplier will decrease in proportion to the amount withdrawn until you are back at 1x multiplier.
Blur Season 2 airdrop strategy guide
Blur completed its Season 2 airdrop with over 300 million BLUR being distributed. In Season 2, Blur confirmed that the secret to maximising rewards in Season 2 was Loyalty.
Blur has 3 types of points that count towards how many airdropped Care Packages you will receive and their rarity. These are Bid Points, Listing Points and Loyalty. Meanwhile, there are 3 rarities of Care Packages: Uncommon, Rare, Legendary, and Mythical. The rarer the Care Package, the more $BLUR tokens they contain. For example, Mythical Care Packages are worth 100x Uncommon Care Packages.
Bid on NFT collections that offer 2x Points
In Season 2, only certain NFT collections had double bidding and listing/lending points: Wrapped Cryptopunks, Azuki, Milady, DeGods, Beanz, BoredApeKennelClub, BoredApeYachtClub, CloneX, Doodles, Meebits, Moonbirds, MutantApeYachtClub, Otherdeed, PudgyPenguins. Meanwhile, Doodles, Meebits and Moonbirds offer 2x bidding and listing points. This list may change from time to time, so click on the “Points” tab here to see the latest list.
Blur Airdrop strategy: How to turn 1-2 ETH into $85,000?
Luke Cannon on Twitter shared how he turned 1-2 ETH into $85,000 by simply participating in Blur’s airdrops. Here are some of his tips:
$0 airdrop anchoring;
high volume/ low competition;
liquidity recycling patience; and
loyalty
$0 airdrop anchoring. This is where you focus only on bidding on NFTs that you could profitably flip. For example, bidding on new mints or older projects that still maintain support.
High volume/low competition. Find the relatively high volume, low competition, and long-term collections to bid on. Also, you can use the same ETH to bid on as many collections as possible.
Liquidity recycling patience. Have conviction in the NFT collection that you own and do not sell your NFTs at a loss. And again, do not make bids unless they are profitable.
Having 24/7 perfect loyalty will ensure maximum $BLUR airdrops.
More Blur Airdrop Strategies: Trade like an NFT market maker?
Many people use the strategy of placing as many bids on Blur as possible without having them accepted. However, Sugar Shane has another strategy, which according to him, is a more conservative strategy that could get you more points in the long term whilst minimizing losses. His strategy to maximising your Blur airdrop is to think of yourself as an NFT market maker.
According to him, the goal of bidding on Blur should not be to avoid getting a bid or bidding and removing them quickly. This is because NFT markets move faster than you can remove a bid. Instead, the strategy when bidding on Blur is to get a good price on an NFT. Because in fact, you do want to have some successful bids. This is because there are some desperate sellers selling their valuable NFTs at low prices for liquidity. And if your bid is successful, holders should consider not rushing to sell their NFT. The reason for this is that if you allow time for the market to fill up, you may be able to sell that NFT for a profit.
He reminds Blur bidders that market makers do not always aim for the top bid. Instead, they try to fill the order book at every level, and on both sides of the order book.
Blur 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: Blur’s Season 3 airdrop is now LIVE.
Airdropped Token Allocation: Blur’s Airdrop 2 gave a total of 10x more tokens than Airdrop 1. Airdrop 3 will be distributing 1-2x more tokens compared to Airdrop 2.
Airdrop Difficulty: Blur’s airdrop is not difficult in terms of participation. Users simply connect their wallet to Blur and begin bidding on NFT collections. The point system rewards bids on NFT collections based on their 24-hour volume and gives airdrops accordingly. There are additional rewards for Loyalty to the Blur platform and depositing $BLUR.
Token Utility: BLUR token is used for governance.
Token Lockup: Season 3 airdrop will be distributed in May 2024.
Frequently Asked Questions (FAQs)
What is Blur crypto?
Blur is at cryptocurrency project that provides users with a decentralized marketplace for trading NFTs.
When was the $BLUR token launched?
They launched the $BLUR token on 14th February 2023.
When is $BLUR airdrop season 3 live?
Season 3 is live NOW and will end in May 2024.
When can you open your airdropped $BLUR Care Packages?
You can open the $BLUR token Care Packages received from Airdrops 1 and 2 from the $BLUR token launch on 14th February 2023 onwards.
When is the $BLUR token launch?
$BLUR token was launched on 14th February 2023 and is listed on ByBit, Coinbase, Uniswap, Kucoin, Gate.io and many other exchanges.
How long do I have to claim my $BLUR airdrop?
For Season 1, you can claim your airdrop within 60 days from 14th February 2023 (i.e. 16th April 2023). Season 2 airdrops are still available to claim.
How much $BLUR was distributed in Season 2?
Blur distributed over 300 million $BLUR in its Season 2 airdrop.
How do I claim my $BLUR tokens?
Here’s how to claim your $BLUR tokens: Connect your wallet on their website. On the “Airdrop” tab, click “Reveal Care Packages”, “Continue to BLUR” and “Open care packages for $BLUR”. Follow the instructions. Note that they will ask you to Tweet to claim $BLUR. You will also need to verify the tweet before you will have the option to connect your wallet to claim your $BLUR. You might need to add the $BLUR token contract manually to see your $BLUR holdings.
What is Blur’s Loyalty Point system?
Blur has a Loyalty system, which affects your luck when revealing your Care Packages. Users with 100% loyalty throughout the airdrop campaign have the highest chance of receiving Mythical Care Packages. Mythical Care Packages are worth 100x Uncommon Care Packages. Here are your odds of getting a Mythcial Care Package airdrop based on your loyalty: <50% loyalty = low luck; 50-90% loyalty = medium luck; 90-97% loyalty = high luck; and 97%+ loyalty = very high luck
How do I check my Blur Listing Points/Bid Points/Loyalty Points/Lending Points?
Users can check their Blur Listing Points/Bid Points/Loyalty Points on the Airdrop tab.
How much is the $BLUR token worth?
As of the time of writing, $BLUR tokens are worth US$0.536393. $BLUR currently has a market cap of over $185 million and ranked no. 101 on Coingecko. $BLUR token prices hit an all-time high of US$5.02 on 14th February 2023, and an all-time low of US$0.153143.
The Blur team have already emphasized that having perfect Loyalty scores throughout the campaign would maximise your Season 2 Blur airdrop. This means you must only list your NFTs on Blur and not on any other NFT marketplaces.
Is there a way to “game” the system to get more Blur points?
Unfortunately, there is no way to “game” the system to get more Blur points, and the Blur team are actively taking steps to stop tactics such as. Transferring NFTs for loyalty i.e. transferring NFTs to list on other marketplaces. Also, washing trading for points by using bots to wash trade in order to increase visibility of a collection and therefore increasing the points allocated towards it. Finally, spoofing bids by using bots to create fake bids that cannot be accepted and front run bid accepts to get points without any risk.
What are some tips and strategies for Season 3 Blur airdrop?
Here are some tips and strategies to maximise your Season 3 Blur airdrop. Keep bids listed for a longer duration to get more Bidding Points. Listing blue chip and active collections for more Listing Points. Make Loan Offers with higher Max Borrow and Lower APY for maximum Lending Points. Bid, list and lend more to get onto the 24 hour leaderboard. Maximise your Blur Loyalty Points by actively listing blue chips and active collections exclusively on Blur. Deposit $BLUR and keep maintain the deposit for Holder Points.
Linea (ConsenSys zkEVM) is a type 2 zero knowledge Ethereum Virtual Machine (zkEVM) that provides developers with a secure and cost-effective way to build and deploy smart contracts on the Ethereum blockchain. The project has raised much more in funding than zkSync, so any potential airdrop could rival zkSync! Here’s our guide on how to get a potential Linea (ConsenSys zkEVM) token airdrop.
Check out our zkSync ($ZKS) token airdrop guide here.
Linea (ConsenSys zkEVM) Airdrop Step-by-Step Guide
Here’s how to get a potential Linea token airdrop:
Add Linea to MetaMask
Get testnet ETH and bridge to Linea
Interact with protocols on Linea
Send feedback to the Linea team
Complete Linea’s “I’m a First Class Linea Citizen” campaign
Join the Linea Voyage
Mint NFT commemorating the end of the Linea Voyage Quest.
Linea (formerly ConsenSys zkEVM) is a type 2 zero knowledge Ethereum Virtual Machine (zkEVM) created by Consensys– the team behind MetaMask. It replicates the Ethereum environment as a rollup, allowing developers to use the same tools and experience as they would on the Ethereum mainnet. With Linea, users can benefit from the security and trust of Ethereum, but with lower transaction costs. Impressively, Linea has raised around US$726 million in multiple funding rounds, and has a valuation of around US$7 billion. This beats out zkSync, which has so far raised US$458 million. Hence many see Linea as having huge potential.
On 28th March 2023, Linea rolled out its public testnet on MetaMask to all Chrome users. Giving all users and developers a chance to check out their testnet. they will also launch a NFT testnet voyage soon. Users flocked to try the Linea testnet in the hopes of positioning themselves for a potential Linea airdrop. This is because they see Linea has huge potential for airdrop gains that may even rival zkSync.
On 11th July 2023, Linea announced the launch of their Mainnet Alpha. During this stage, Linea will begin onboarding its partners and users, monitoring the system and supporting those who are building on it. It also marks the kickstart of their bug bounty program and testing before finally opening to end users.
Is there a Linea token?
There is no mention of a Linea token in their Documentation yet, and according to a Consensys blog post on 13th December 2022, they have mentioned it is too early to discuss launching a Linea token. But, they have stated they are looking at ways to reward users who help test and improve Linea. Together with the attention and funding they have generated, there is a good possibility they will launch a token and do an airdrop in the future.
How to get a potential Linea airdrop?
Linea has mentioned they will be looking at ways to reward users that test their protocol, so interacting with Linea could be the key to getting a potential airdrop. Here’s how to get a potential Linea airdrop:
Add Linea to MetaMask
Get testnet ETH and bridge to Linea
Interact with protocols on Linea
Send feedback to the Linea team
Participate in Linea’s “I’m a First Class Linea Citizen” campaign
To add the Linea network to your MetaMask, first, open MetaMask. Click the top bar and “Add network” and “Add a network manually”. Fill in the Linea network information found in their Documentation and click “save”.
Linea has a huge ecosystem of protocols you can interact with. Who knows, you may even be eligible for airdrops on those protocols too which will entitle you to double rewards! Here are some notable protocols you could choose to interact with for a potential Linea airdrop:
Uniswap
Ghostchain NFT
FWDX
Mint a 0xCygaar NFT
Velocore
Uniswap
Go to https://swap.goerli.linea.build/ and connect your wallet. Then, swap ETH for crWETH (i.e. Consensys Rollup Wrapped ETH). Also, swap ETH for crUSDC (i.e. Consensys Rollup Wrapped USDC). Afterward, add liquidity by going to https://swap.goerli.linea.build/#/pool, clicking “New Position” and adding ETH and crUSDC as your liquidity pair.
Ghostchain NFT
Go to https://app.nft.ghostchain.io/#/zkevm and connect your wallet. Select an NFT collection and click “Disperse collection”. Select the amount (in crETH) and click “Disperse”.
FWDX
Mint tokens and create markets by going to https://testnet.fwdx.xyz/faucet and connecting your wallet. Mint tokens by going to “Faucet”, choose the cryptocurrency and amount you wish to mint, and click “Mint”. Confirm the transaction on Metamask.
To create a market, go to https://testnet.fwdx.xyz/create. Input the send and receive currencies and choose a validity date in the future. Then click “Approve”.
Mint a 0xCygaar NFT
To mint a @0xCygaar NFT, go here and connect your Metamask wallet. Under item 3. mint, type in a number less than 1 and click “write”. Confirm the transaction on Metamask.
Velocore
Velocore ($VC) is a groundbreaking solution that synthesizes top-tier DEX methodologies into a novel, high-performance flywheel. It has already launched on zkSync Era Mainnet and Velocore V2 will soon launch on Linea. Velocore have done an airdrop in the past so it is likely they may also do an airdrop for their $VC token too! So far no airdrops have been confirmed yet but completing their Questboard tasks may be helpful in both the potential Linea and Velocore airdrops!
The Linea team needs your feedback to improve their product, and they are very likely to reward those who help! To send feedback to Linea, complete their Google Form.
Complete Linea’s “I’m a First Class Linea Citizen” campaign
Linea’s “I’m a first class Linea Citizen” campaign aims to combat bots and prioritize genuine user engagement in the Linea Voyage Quest. The campaign partners with Gitcoin Passport, Galxe Passport and Guild.xyz to create a fair community experience and address issues with bots consuming resources. The campaign will continue until the end of the 9 week Linea Voyage Quest i.e. 2023/06/30 12:00 GMT+08:00.
Here’s how to participate in Linea’s “I’m a First Class Linea Citizen” campaign:
Connect your wallet to Linea’s Galxe page. Note you only need to complete any one of steps 2 to 4 below.
Obtain a Gitcoin Passport for the Linea Voyage Quest on Galxe. Connect your wallet to https://passport.gitcoin.co/ and click “Confirm stamps”. Then, connect your accounts.
Get a Galxe Passport here. You will need to verify your identity with your official documents and pay a verification fee of 0.015 BNB.
Sign up as a community member on Linea’s Guild page. You will need to connect your wallet, complete a CAPTCHA, and connect your Twitter and Discord accounts. Then, mint your guild pin, this will cost 0.007 BNB plus gas fees.
Click “Verify” on the Galxe page.
Join the Linea Voyage
The Linea Voyage is a 9 week campaign which promises to offer an engaging way for users to learn about the boundless possibilities of a Layer 2 network through a series of weekly tasks and opportunities. It may also be a way to maximise any potential Linea airdrop.
Linea Voyage week 1
Week 1 of the Linea Voyage ran from 21:00 on 2nd May 2023 to 11:59 on 9th May 2023 (HKT). Here’s how to participate in the Linea Voyage Week 1:
Bridge any amount of BUSD on Celer from BSC Testnet (add network here) to Linea here.
Bridge any amount of BNB on Celer from BSC Testnet to Linea here.
Bridge any amount of MATIC (claim testnet tokens here) on Connext from Polygon Testnet (add network here) to Linea.
Bridge any amount of DAI (claim testnet tokens here) on Hop from Goerli (add network here) to Linea. You will first need to get GETH (here) and USDC (here) for transaction fees.
Bridge any amount of HOP (claim testnet tokens here) on Hop from Goerli to Linea. You will first need to get GETH (here) and USDC (here) for transaction fees.
Bridge any amount of USDC on Hop from Goerli to Linea.
Bridge any amount of GETH on Hop from Goerli to Linea.
Bridge any amount of EUROEe (claim testnet tokens here) on Multichain from Avalanche Fuji (add network here) to Linea.
Bridge any amount of TUSD on Multichain from Avalanche Fuji to Linea. You will first need to claim AVAX (here) before locking it (here) in exchange for TUSD.
Complete the tasks to earn points. Tasks include voting in their polls, participating in their Twitter Spaces, watching their content and retweeting their Tweets.
Linea Voyage Week 3
The theme of Linea Voyage week 3 are NFTs and will run from May 16th 2023, 9am Eastern Time (ET) to May 21st, 2023, 11:59pm ET. For this campaign, Linea will be working with partners ghostNFT, NFTs2me, Bilinear and Zonic. Here’s how to participate in Linea Voyage week 3.
Create and deploy a new NFT Project on Linea Testnet.
Change phase from “Closed” to “Public (Open)”.
Mint at least one NFT from the project Minting Page.
Send a Soulbound Airdrop to ENS address nfts2me.eth.
Create a token gated content.
GhostNFT
Claim free Linea testnet gNFT.
Register ERC721 NFT Collection by dispersing at least 0.05 ETH.
Add collateral to your NFT Collections via ghostNFT.
Redeem collateral from NFTs via ghostNFT.
Add collateral to the Ghost NFT collection.
Redeem collateral from the Ghose NFT collection.
Bilinear
Mint collection.
Mint NFT.
Buy NFT.
Sell NFT.
Mint game NFT.
Zonic
Mint the Linea Ape Zonic NFT collection on Apetimism.
List any NFT.
Buy any NFT.
Transfer any NFT using Zonic’s transfer function.
Linea Voyage Week 4
Linea Voyage Week 4 ran from May 24th, 2023, 10 pm EST to May 28th, 2023, 11:59 pm EST. Week 4 is similar to week 2 in that it focuses on social tasks. These are the tasks for Linea Voyage Week 4:
Retweet their tweets.
Vote for Linea on Swag.
Watch their YouTube spaces.
Linea Voyage Week 5
Linea Voyage Week 5 will run from May 30th, 2023 at 9:30am EST to June 4th, 2023 at 11:59pm EST. However, you will have up to June 7th, 2023 11:59pm EST to claim your points. Here’s how to participate in Linea Voyage Week 5:
Send LineaETH from an account to a Hapi wallet address.
Deploy a token drop on Linea.
Deploy a token drop on Linea.
Use Hapi Labs terminal to visualize transaction data and create transaction flow diagrams with Hapi.
Test your knowledge on the security of token contracts using GoPlus.
Linea Voyage Week 6
Linea Voyage Week 6 will run from 6th June at 9 am EST until 11th June at 11:59 pm EST. This week focuses on knowledge of the Linea protocol. Here’s how to participate in Linea Voyage Week 6:
Watch the Linea Community Call- May 2023 on YouTube.
Linea and iZUMi Finance are collaborating for Week 8 of the Linea Voyage! Week 8 will run from June 26th, 2023 9am EST and run until July 6th, 2023 11.59pm EST. This week will be the last week of on-chain activities, and will focus on decentralized finance (DeFi). The good news is this may also make you eligible for a potential iZUMi Finance token airdrop! Here’s how to participate in Linea Voyage week 8:
Add and select Linea Goerli test network. Click here for more details on how to do this.
Set a limit order by clicking the “Limit Order” tab and selecting the token you’d like to trade.
Place a limit order to exchange Linea ETH to iZi tokens and set your preferred price. Select “Fee Tiers” and click “ADD”. Confirm the transaction on MetaMask. Then, collect rewards on the “My Order” page by clicking “Claim”.
Add liquidity by going to the Liquidity tab and clicking “Add Liquidity” and selecting “Custom”. Select a token pair you want to create a pool with and the swap fee rate that you are willing to charge. Also, input the sum you want to provide and set the price range. If this is your first time providing liquidity, you will need to approve your tokens. Finally, click “Create” and confirm the transaction. To collect your swap fees, click “Collect” on the main liquidity page. You can also click “Add” to add more liquidity to your existing pool, and click “Remove” to remove your liquidity.
Linea Voyage Week 9 (i.e. the final week) will run from July 6th, 2023 9am EST to July 8th, 2023 11.59pm EST. Tasks include helping promote one of their tweets and voting on polls. You can complete the tasks by clicking the links on their Galxe page.
Mint NFT commemorating the end of the Linea Voyage Quest
Linea has created an NFT to mark the end of the Linea Voyage Quest. Connect your wallet and mint your NFT here. Minting the NFT is free!
Join the Linea DeFi Voyage
The Linea DeFi Voyage is a new 6-week campaign launched by Linea in partnership with Interact. There is speculation that completing this voyage may position you for a potential airdrop because their announcement states that participants will be recognised as contributors to the Linea ecosystem. Also, participants will be rewarded with XP that can only be claimed once they successfully execute the Proof of Humanity (PoH) attestation. So, this seems to suggest that the soul bound XPs to be claimed may be a criterion for a potential $LINEA airdrop. Here’s how to participate in the Linea DeFi Voyage:
Go to the “Linea” tab at the top of the screen and complete each week’s Wave quests.
Week 0: These are social tasks
Week 1: This requires you to bridge at least $20 worth of ETH from Ethereum/zkSync/Optimism/Base/Arbitrum to Linea using MetaMask’s bridge function. As a bonus task you will also be required to swap at least $5 of ETH into any supported token using Metamask Portfolio on the Linea network.
Week 2: Bridge at least $25 worth of ETH from ETH token another network to Linea using any listed bridge partner dApp. We suggest using Stargate bridge as it also positions you for any potential Stargate airdrop. You can also complete the bonus tasks which includes doing more bridges with more ETH, and writing reviews.
Week 3: Swap at least $25 worth of ETH to any supported token on any supported DEX on Linea. You can find a list of the supported tokens and DEXs here.
Week 4: Borrow at least $25 worth of ETH/WETH in 1 transaction on any of the specified Linea ecosysyem money markets. You can also complete some of the bonus tasks if you supply specific coins as collateral i.e. stablecoins (for bonus task 1) or LST (wstETH) (for bonus task 2).
Week 5: To complete this task, you must provide a minimum of $25 worth of liquidity by using any 2 supported tokens with equivalent value. You must also provide liquidity on their specified DEXes.
Week 6: This is the last week and involves proof of humanity. You will need to verify your humanity by obtaining one attestation from a partner of Group A, and 2 attestations from the partners of Group B.
Linea (ConsenSys zkEVM) 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: Linea has confirmed they are looking at ways to reward users who help test and improve their protocol. With the attention and funding (more than zkSync!) they have generated, there is a good chance of an airdrop.
Airdropped Token Allocation: There is no information on the Linea token allocation yet.
Airdrop Difficulty: Users will need to interact with various projects in the Linea ecosystem. However, Linea is only in the public testnet stage so no real user funds will be used.
Token Utility: There is no information on the Linea token utility yet.
Token Lockup: There is no information on the Linea token lockup yet.
Polygon recently launched its own zkEVM mainnet, and co-founder Sandeep Nailwal hinted on Twitter that there could be a MATIC airdrop for users! In this article, we will briefly explain what Polygon zkEVM is and what you can do to position for a potential airdrop.
Polygon zkEVM Airdrop Step-by-Step Guide
Here’s how to get the Polygon zkEVM Airdrop:
Add Polygon zkEVM to MetaMask
Bridge to Polygon zkEVM
Interact with Polygon zkEVM DApps
BONUS: trade on Satori Finance
DOUBLE BONUS: Join in the zkEVM saga with Intract x Polygon to get free NFTs
Polygon zkEVM is a Layer-2 scaling solution for Ethereum that leverages the scaling power of zero-knowledge proofs while maintaining Ethereum compatibility, similar to zkSync and Linea. Developers and users on Polygon zkEVM can use the same code, tooling, and apps that they use on Ethereum, but with much higher throughput and lower fees. This allows Ethereum-based DApps to scale more efficiently, which is critical for mass adoption of DeFi.
What’s the Difference Between Polygon zkEVM and Polygon?
The original Polygon functions as a sidechain that runs parallel to the Ethereum mainnet, whereas Polygon zkEVM uses a ZK-Rollup architecture that is built on top of Ethereum. The key distinction is that Polygon is EVM compatible but Polygon zkEVM has total EVM equivalence. The latter is focused on being a near-perfect replica of Ethereum’s execution environment, which means it uses ETH instead of MATIC for gas fees.
Is There an Airdrop for Polygon zkEVM?
Yes, it is very likely there will be an airdrop for Polygon zkEVM users. Sandeep Nailwal, co-founder of Polygon, strongly hinted on Twitter that there will be a huge MATIC airdrop for zkEVM users. He also compared the current development of Polygon zkEVM to Arbitrum, which took more than a year to mature. This means that we are currently at the early stage, allowing users plenty of time to perform on-chain activities that would qualify them for the airdrop!
How to Get the Polygon zkEVM Airdrop?
The best way to get the MATIC airdrop is to interact with the Polygon zkEVM mainnet. Here’s a step-by-step guide:
Add Polygon zkEVM to MetaMask
Go to ChainList and add Polygon zkEVM to MetaMask. It is launched on Mainnet Beta, which means you will need ETH for gas fees.
Bridge to Polygon zkEVM
If you have funds on the Ethereum network, you can bridge ETH from Ethereum to Polygon zkEVM via the Native Bridge.
Alternatively, if you have funds on Arbitrum and/or gas fees are too high, you can also use other third-party bridges recommended by Polygon, such as Orbiter Finance. Using Orbiter Finance, in particular, refunds 60% to 70% gas fees back to you.
Interact with Polygon zkEVM DApps
Here are the top DApps in Polygon zkEVM ranked by total value locked (TVL). Try to perform transactions consistently every week as frequency of smart contract interaction is an important criterion to qualify for the airdrop:
Here’s how to interact with Quickswap. First, connect your wallet to Quickswap Exchange. Make sure you have switched the network on Polygon zkEVM. Then, go to the Swap section and (1) Swap ETH for USDC; and (2) Swap the same amount of ETH for WETH. Afterwards, go to their Pool, select ETH and USDC tokens as the token pair, approve the tokens and add liquidity.
Interact with Kokonut Swap.
Here’s how to interact with Kokonut Swap. First, connect your wallet to Kokonut Swap. Make sure you have switched the network on Polygon zkEVM. Then, go to their Swap page and swap ETH to USDC.
Interact with Dove Swap
Here’s how to interact with Dove Swap. Connect your wallet to Dove Swap and make sure you are on the Polygon zkEVM network. Then, swap ETH for USDT.
Interact with Mantis Swap.
Interact with Mantis Swap by going to their website. Then, connect your wallet and make sure you are on the zkEVM network. Finally, swap USDC to USDT.
Interact with 0vix
To interact with 0vix, connect your wallet to their website and make sure you are on the Polygon zkEVM network. On the Supply Markets, supply a small amount of ETH and click “Supply”.
BONUS: Trade on Satori Finance
Satori Finance is a protocol on Polygon zkEVM (as well as zkSync, Linea and Scroll). To trade on Satori Finance, connect your wallet to https://satori.finance/, making sure that you are on the Polygon network. Then, go to “Portfolio” and deposit some trades. Next, go to the “Trade” tab and do some trades.
DOUBLE BONUS: Join in the zkEVM saga with Intract x Polygon to get free NFTs
Connect your wallet to the Quest Page and complete the tasks to get a free NFT. Tasks include signing messages, following social accounts and posting Tweets. Finally, click “Get your NFTs” and follow the instructions on your wallet to mint your free NFT. Note you will need to pay gas fees in 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: Although not confirmed, it is very likely there will be a MATIC airdrop for Polygon zkEVM users, according to Sandeep Nailwal.
Airdropped Token Allocation: There is no confirmation on the token allocation, but Nailwal said that it would be a “massive” airdrop.
Airdrop Difficulty: Simply bridge to Polygon zkEVM and interact with QuickSwap and other high TVL DEXes. You will need real ETH to perform these tasks.
Token Utility: MATIC is the native token of the Polygon blockchain. Although Polygon zkEVM uses ETH for gas fees, it is likely MATIC will be airdropped as rewards.
Socket is an interoperability protocol that enables secure and efficient transfer of data and assets across different blockchain networks. It is not a bridge or a cross-chain application, but rather an infrastructure that allows developers to build these applications easily. With Socket, developers can create apps with interoperability as a core part of their infrastructure. Socket has already secured US$5 million in funding and is considered a direct competitor to LayerZero– who is getting lots of attention with their potential LayerZero airdrop. So, there’s a good chance Socket may also do an airdrop in order to get more users. Here’s how to get a potential Socket token airdrop (and the potential Bungee and zkSync token airdrops at the same time!). And with our bonus tip, you may also be eligible for potential Stargate and LayerZero airdrops too!
Socket is a protocol that enables secure and efficient transfer of data and assets across different blockchain networks. It is not a bridge or a cross-chain application, but rather an infrastructure that allows developers to build these applications easily. With Socket, developers can create apps with interoperability as a core part of their infrastructure.
Socket comprises two key components: Socket Liquidity Layer (SocketLL) and Socket Data Layer (SocketDL). SocketLL enables efficient asset transfer across chains, while SocketDL enables secure data transfer across chains. Developers can use Socket to optimize for their use case and objectives, as every approach to interoperability optimizes for different objectives and trade-offs (trust, latency, generalizability, etc.)
Will there by a Socket airdrop?
Socket has not announced a token, yet. However, if they want to stand out like their competitor, LayerZero, it is likely that they will also need to do an airdrop. From looking at LayerZero’s number of users and attention it gets on social media, it is clear that doing airdrops is almost guaranteed to bring attention and users to your project.
The project also works with other notable protocols such as Zerion and Bungee, both of which are rumoured to be doing their own airdrops. So there are nevertheless advantages to preparing yourself for any potential Socket airdrop, since this may also make you eligible for the Zerion and Bungee airdrops too.
Did you know that you can also position yourself for a LayerZero airdrop using Socket (even though they are competitors)? Check out below to learn how!
Socket token airdrop guide
Time needed: 1 hour and 30 minutes
Connect your wallet to Bungee
Connect your wallet to Bungee. Using Bungee may make you eligible for any potential Socket airdrop as Bungee is built by Socket.
Swap across chains
Swap ETH from Ethereum chain to any other chain. BONUS: Swap to Optimism to get $OP rewards. EXTRA BONUS: Swap to/from zkSync Era to position yourself for a potential zkSync airdrop!
Use Stargate route.
Click “View all routes” and select the Stargate route. We recommend using Stargate as it is part of the LayerZero ecosystem (and may also do a potential airdrop of their own!). So using the Stargate route may also position you for the Stargate and LayerZero airdrops too!
Click “Review route”, check that the details are correct, and click “Bridge”.
Perform cross chain swaps on Matcha
Matcha has recently partnered with Socket to revolutionize trading with cross chain swaps. By being able to perform cross chain swaps, users will no longer have to navigate through multiple platforms, making trading more efficient!
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: Socket has not announced any airdrop yet. But there may a be a good chance of an airdrop when LayerZero, its direct competitor, is getting a lot of attention as a result of confirming that they will be doing a token airdrop.
Airdropped Token Allocation: The airdropped token allocation is unknown.
Airdrop Difficulty: There is no announcement on any Socket airdrop or their eligibility yet. However, to position yourself for this potential airdrop, all that is required is to do some token swaps on Bungee. This is not difficult to do. It will also make you eligible for other airdrops too, such as Bungee and even LayerZero!
Token Utility: There has been no official announcement regarding the release of any Socket token yet.
Token Lockup: There has been no official announcement regarding the release of any Socket token yet.
ZetaChain ($ZETA) is one of the top airdrop prospects to look out for in 2023, according to CoinGecko. Its testnet is live and users of the protocol can potentially qualify for one of the biggest airdrops this year. In this article, we will explain what ZetaChain is and what you can do to position yourself for the $ZETA airdrop.
Use our invite link to sign up with their testnet (we each get 5,000 ZETA Points)!
ZetaChain ($ZETA) Airdrop Step-by-Step Guide
ZetaChain hinted at several ways you could get a token airdrop. Here’s how to get a potential $ZETA airdrop:
Sign In ZetaChain Testnet with Twitter.
Connect Your MetaMask Wallet.
Request Testnet ZETA.
Swap tokens.
Refer to Friends with Invite Link.
Claim the Zeta Supporter Discord role in the ZetaChain Guild.
ZetaChain is a layer-1 blockchain that has built-in connectivity to all blockchains and their applications. It is also a smart contract platform that can manage assets, data, and liquidity on any chain, even non-smart contract chains such as Bitcoin and Dogecoin. The project has recently announced its US$27 million funding round by Blockchain.com, Human Capital and others to accelerate their goal to offer the first public EVM-compatible L1 blockchain.
The project is still in the testing phase, but it has a lot of potential for the future. One of its main benefits is that it enables omnichain decentralized applications (odApps), which are able to access and use information and liquidity from multiple blockchains simultaneously.
To make things even easier, ZetaChain has created a special app called the ZetaChain Swap App. This app allows users to transfer assets between any connected blockchain without having to go through a complicated process of wrapping or locking tokens. Instead, users can complete the transaction in just one step.
Does ZetaChain have a Token?
Yes, ZetaChain confirmed in its whitepaper that there will be a $ZETA token. The token will be used for paying gas fees, securing the proof-of-stake blockchain, and enabling cross-chain transfers, swaps, and messaging.
Additionally, $ZETA will be issued natively across multiple layers and chains. As of now, ZetaChain has not yet published its tokenomics nor officially announced an airdrop. But its testnet is incentivized, which generally indicates an airdrop for its users. People have also noticed that ZetaChain now has a page on CoinMarketCap, is this a hint that the $ZETA token is launching soon?
How to Receive Potential $ZETA Airdrop?
The best chance to receive a potential $ZETA airdrop is to interact with their incentivized testnets. You can accrue ZETA points by completing various tasks, and these points will most likely translate to airdrop rewards once the token is launched. Here’s a step-by-step guide.
Sign In ZetaChain Testnet with Twitter
Use our invite link to sign up with their ZetaLabs testnet (we each get 5,000 ZETA Points!). After signing in, you will need to verify your account on Twitter.
Connect Your MetaMask Wallet
After verifying your Twitter, it will redirect you to labs.zetachain.com/swap. Connect your MetaMask and switch the Network to Goerli.
Request Testnet ZETA
Go to labs.zetachain.com/get-zeta and request some ZETA for ZetaLabs transactions. You will receive 2 ZETA and some gas assets on the Goerli, Polygon Mumbai, and BSC Testnet so you can start testing on different chains. You can only request once a day, and we recommend doing this every day.
You can also request from ZetaChain’s faucet on their Discord channel.
Swap tokens
On labs.zetachain.com/get-zeta, swap tokens between the Goerli, BSC Testnet, Polygon Mumbai and Bitcoin Testnet networks. Do a swap once every 7 days and get 7,000 points per week! Also, as this is only testnet, it is free to participate!
Refer Your Friends with Invite Link
Click ‘Earn ZETA Points’ at the top-middle of the screen to access your referral link, which you can automatically share on Twitter or copy manually.
For each person you invite, you’ll earn 5,000 ZETA Points, and for each weekly transaction they do, you’ll get 1,750 additional points.
Claim the Zeta Supporter Discord role in the ZetaChain Guild
Go to the ZetaChain Guild platform. The first task is to claim the Zeta Supporter Discord role. You will need to complete tasks such as getting verified on Discord and following their Twitter.
Complete an Omnichain ZETA-USDT swap
Go to the Swap page on Zetachain. Connect your Twitter and Metamask (make sure you are on the Goerli Test Network). Request testnet $ZETA tokens (you can also request testnet tokens on their Discord). Then switch to Polygon Mumbai Testnet (add network using Chainlist) and swap 3 $ZETA from Polygon Mumbai Testnet to Goerli Test Network. Finally, click “Claim” to mint your NFT.
Complete the same steps as above, but swap Goerli ETH ($gETH) to $ZETA, BTC for any DeFi asset on any chain or MATIC for ZETA using any two chains. Note you will only need to complete 1 of the 4 swaps mentioned in Steps 6 and 8 to claim
Claim the ZETA Assimilated role
Participate in either ZETA Assimilated 101 or ZETA Assimilated 201 Galxe campaign.
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: ZetaChain has not officially announced an airdrop, but its testnet is in the incentivized phase, which means an airdrop is very likely.
Airdropped Token Allocation: Details of their tokenomics are not yet available.
Airdrop Difficulty: The tasks are very simple to complete. All you have to do is make swaps on the ZetaLabs testnet, share your referral link, and complete Guild tasks for a Discord role.
Token Utility: $ZETA will be used for paying gas fees, securing the proof-of-stake blockchain, and enabling cross-chain transfers, swaps, and messaging.
Token Lockup: Details of their tokenomics are not yet available.
NovaDEX is a decentralised cryptocurrency exchange built on Solana. It has recently launched its testnet and confirmed it will be doing a token airdrop to reward its early users. Here is our NovaDEX token airdrop guide.
What is NovaDEX?
NovaDEX is a decentralized exchange that allows users to trade any token on the Solana blockchain with low fees and high speed. Users can also create their own liquidity pools and provide liquidity within a custom price range, which improves efficiency and reduces slippage. NovaDEX is governed by its native token, NVX, which enables users to participate in the protocol’s decision making and benefit from its growth. Users can also get the best rates and earn high yields by swapping and adding liquidity to NovaDEX pools. NovaDEX aims to be the central trading and liquidity hub on Solana, offering a simple and user-friendly interface for engaging in DeFi activities. NovaDEX also has a unique AMM curve for stable pools, which optimizes the curve to deliver the least slippage and best rates.
What is the NovaDEX ($NVX) token?
NovaDEX has a native token known as $NVX. The team have not announced what is the utility of the $NVX token or its tokenomics. However, NovaDEX have been doing various campaigns and have been promising to reward users with $NVX once the token is launched.
Will there be a NovaDEX ($NVX) token airdrop?
NovaDEX have confirmed they will do a token airdrop. They also have several campaigns and tasks users can perform in order to get $NVX.
How to get the NovaDEX ($NVX) token airdrop?
Time needed: 1 hour
Here’s how to get a potential NovaDEX ($NVX) token airdrop
Set up Solana wallet
NovaDE is built on Solana, so you will need a Solana wallet such as Phantom, OKX or Trust Wallet. We suggest using Phantom wallet, which is the most popular one. To set up a Phantom wallet, download the Phantom wallet Chrome extension here. Click on the button on the top left hand corner, and then settings. Go to developer settings, activate Testnet Mode and select the Solana Devnet mode.
Get testnet tokens
Connect your wallet to https://app.novadex.io/. Then click on “Faucet” on the left hand side bar. Paste your wallet devnet address and click “devnet” to get 1 testnet SOL token.
Swap tokens on NovaDEX
Go to “Swap” on NovaDEX. Swap around 15-20% of your testnet SOL for Mock USDT and Mock USDC.
Add liquidity
Go to “Pools” and add liquidity to any SOL-Mock USDT and SOL-Mock USDC pools. To do this, choose a pool and click on “New Position”. Click “Preview”, check the details and click “Confirm Deposit”.
Get NovaDEX Tester NFT
Like, retweet and tag 3 friends in this Tweet. Then, join the NovaDEX Discord channel. Note that the Tweet says you also have to swap tokens and add liquidity. However, you should have already done that in steps 3 and 4 above. You will be eligible to get the NovaDEX NFT once the NovaDEX Testnet Campaign ends at 6:00pm (GMT +8) on 30th November 2023.
BONUS tasks
Go to NovaDEX’s Zealy board and complete the tasks. Some of the tasks overlap with those in the above steps but there are other tasks such as liking and retweeting posts, or writing articles about NovaDEX on Medium.
NovaDEX 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: NovaDEX’s airdrop is now LIVE.
Airdropped Token Allocation: The airdropped token allocation is unknown.
Airdrop Difficulty: NovaDEX airdrop tasks are not very difficult to complete. Tasks include swapping, adding liquidity and social tasks.
Polyhedra Network is building an interoperable Web3 infrastructure using zero-knowledge proof (ZKP) technology, and it is backed by the likes of Binance, Polychain Capital, and Animoca Brands. The project is in its early stages and has not yet issued a token, but it is very likely that it will do so in the future. The zkBridge Testnet is currently live, and early users have a favorable opportunity to receive future rewards. In this article, we will explain what Polyhedra is and what you can do to position yourself for the potential airdrop.
Polyhedra Network Airdrop Step-by-step Guide
Here’s a step-by-step guide on how to receive a potential Polyhedra Network airdrop:
Polyhedra Network is building a Web3 infrastructure that focuses on interoperability, scalability, and privacy using advanced zero-knowledge proof (ZKP) technology. The network offers secure and highly efficient solutions for transferring assets, exchanging messages, and sharing data between different Web2 and Web3 platforms.
Project Team and Funding
The team behind Polyhedra Network consists of leading engineers, developers, and researchers from prestigious institutions like UC Berkeley, Tsinghua University, and Stanford University. In February 2023, Polyhedra successfully raised $10 million in a strategic funding round co-led by Binance Labs and Polychain Capital. The project also received support from Animoca Brands, ABCDE Capital, Sparkle Ventures, and more.
Does Polyhedra Network have a Token?
Polyhedra Network has not officially announced a token launch. However, it is a blockchain infrastructure provider, so it stands to reason that it needs a token to support its ecosystem and facilitate the functioning of the platform. According to its roadmap, the team is currently focusing on integrating its bridge and decentralized identity infrastructure with other blockchain networks, and launching application programming interfaces (API) and software development kits (SDK) for developers.
How to Receive Potential Polyhedra Network Token Airdrop?
The best chance to receive a future token airdrop is to interact with the Polyhedra Network testnet. Here’s a step-by-step guide:
Use the Polyhedra CreatorTool to create new NFTs. Set a name and description, and select a Testnet network of your choice. You can view all created and owned NFTs on the My NFTs page.
Import NFT to Polyhedra zkBridge
Go to the My NFTs page and click on the “zkBridge” button. Select a testnet receiver blockchain of your choice and transfer the NFT. Make sure you have gas fees on the other end as well.
Claim your NFT on the testnet receiver chain, and that’s it! Repeat the process on different testnet blockchains to enhance visibility of your on-chain activities.
Provide Feedback on Discord
Share your feedback, including wallet address, screenshots, and transaction IDs, in the “suggestions-and-support” Discord channel.
Complete tasks on Galxe
Polyhedra has a Galxe page where they have various campaigns. Completing these tasks (including those where they are partnered with other projects) may put you in a better position for any potential airdrop.
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: Polyhedra Network hasn’t confirmed a token launch yet, but as a blockchain infrastructure provider, it likely requires a token to support its ecosystem and facilitate platform operations.
Airdropped Token Allocation: There is no tokenomics yet.
Airdrop Difficulty: The steps are fairly easy to follow. All you have to do is create an NFT on Polyhedra and transfer it to different testnet chains. You will need some testnet tokens to cover gas fees.
Token Utility: There is no token yet, but it is likely it will be used for governance, ecosystem support, platform operations, and network security.
