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  • Sui ($SUI) token airdrop guide: How to join the Community Access Program

    Sui ($SUI) token airdrop guide: How to join the Community Access Program

    Sui is the world’s first permissionless Layer 1 blockchain completely designed from the ground up. In this guide will we provide the best strategy to earn the most from any potential SUI airdrop.

    Sui is a decentralized, proof-of-stake blockchain with horizontally scalable throughput and storage. Sui aims to be a step-function advancement in blockchain technology that will allow creators and developers to build experiences for Web3 users. The project is created by former senior leaders of Facebook’s (Meta) advanced blockchain research and development organization. The team first came together to form Mysten Labs– the company behind Sui. The team is also building Move – an open-source smart contract programming language.

    Currently, Sui has deployed their “Permanent Testnet” – which means it’s the best time to generate blockchain evidence to get the airdrops. What we have learned from similar projects is that the more interactions that you do with the blockchain, the more airdrops you earn. We expect that $SUI will give “tiered” airdrops, giving out more free tokens to those who interact more with the blockchain.

    Key Summary

    • Sui is a scalable and permissionless Layer 1 blockchain created by former Meta developers.
    • SUI is the native token of Sui with four main purposes: gas fees, staking, governance, and economy.
    • There is no official SUI token airdrop yet, but the team hinted that they will reward early community members and supporters.
    • To potentially qualify for a future SUI token airdrop, users can install and use the Sui wallet, stake and earn SUI tokens, register names on SuiNS, mint and breed Capys on Capy.art, play games and mint NFTs on Clutchy.io, and explore other projects built on Sui.

    Learn more about Sui with our Sui blockchain guide: Revolutionary Scalability Solution?

    Sui ($SUI) airdrop step-by-step guide

    Here are some ways to get a potential $SUI token airdrop:

    1. Install and use the Sui Wallet
    2. Request SUI devnet tokens
    3. Stake and earn Sui
    4. Mint Sui Capys NFT
    5. Register your domain on Sui Name Service (SuiNS)
    6. Participate in Sui testnet waves
    7. Play games and get NFT test mint on Clutchy
    8. Interact with protocols in the Sui ecosystem
    9. Join the Sui Discord community
    10. Mint your SuiFrens Bullshark Generation 0 Limited Edition NFT

    See below for more details.

    The SUI Token Community Access Program eligibility criteria has been announced! Here is how to check your eligibility to participate in the Sui Recognition Sale:

    1. Verify your Discord here before 17th April 2023 at 9:30pm PDT.
    2. If you are eligible, you will be required to fill in a form on their page.
    3. Register for the token sale on Bybit, Kucoin or OKX. Sign up for an account here: ByBit, KuCoin.

    See below for more details.

    UPDATE: Mysten Labs (the company behind Sui) will be doing an NFT airdrop! Those who are Sui Discord members before 3rd May 2023 can register here for a free SuiFrens Bullshark Generation 0 Limited Edition NFT before 17th May 2023 at 11am PDT.

    What is the Sui $SUI token?

    The SUI token is the native token of the Sui platform. SUI has a max supply of 10 billion tokens.

    SUI token will have 4 main purposes: Gas fees, staking, governance, and as an underlying asset of the Sui economy.

    The team has confirmed that Sui community members can purchase the SUI token during the early Sui Mainnet stage. Sui will also have a Community Access Program. This program will reward Sui supporters who have helped test Sui Apps. Rewards will also be distributed to those who help promote Sui.

    Check out our Sui blockchain guide: Revolutionary Scalability Solution?

    Will there be a Sui $SUI token airdrop?

    There is currently no $SUI token airdrop. However, the Sui team have emphasized in its blog post that they will prioritize the distribution of SUI tokens to early community members. The team also said that those who are already spreading knowledge about Sui, onboarding developers, and testing and refining its’ applications will be part of Sui’s token allocation.

    In August 2022, Sui had a $SUI token airdrop for its Testnet Wave 1 and 2 validators. 2,000 SUI (subject to 1-year vesting) was distributed for participating in every testnet “wave”.

    In the latest blog post, Sui announced its SUI Token Community Access Program. Under the Community Access Program, only limited categories of early supporters will be able to obtain SUI tokens either via retrospective rewards or a recognition sale. However, there are geographical restrictions, for example US residents are not eligible to receive SUI even if they qualify under the Community Access Program.

    The blog post, however, has stated clearly that they will not be any Sui airdrops, leading to the tag #suiScam trending on Twitter. This is because many people believed that Sui would do an airdrop and have spent months interacting with the testnet.

    Sui confirms no airdrop

    How can I participate in a potential $SUI token airdrop?

    The Sui team has not officially announced how and when they will do a $SUI token airdrop. However, they had already strongly hinted that they will prioritize rewarding early community members and supporters. Here’s some ways to get a potential $SUI token airdrop:

    1. Install and use the Sui Wallet
    2. Request SUI devnet tokens
    3. Stake and earn Sui
    4. Mint Sui Capys NFT
    5. Register your domain on Sui Name Service (SuiNS)
    6. Participate in Sui testnet waves
    7. Play games and get NFT test mint on Clutchy
    8. Interact with protocols in the Sui ecosystem
    9. Join the Sui Discord community
    10. Mint your SuiFrens Bullshark Generation 0 Limited Edition NFT

    Install and use the Sui Wallet

    Install and use the Sui Wallet browser extension. On their documentation page here, click “Sui Wallet browser extension”. A new chrome web store window will appear, then click “Add to Chrome”. Afterward, click “Create a New Wallet”. You will be asked to create a password and be asked to save your recovery phrase. Once you have saved your recovery phrase, tick “I saved my recovery phrase” and click “Open Sui Wallet”.

    Sui wallet
    Sui wallet

    Request Sui devnet tokens

    On your Sui wallet (see above on how to install a Sui wallet), click “Request Devnet Sui Tokens”. You will then receive 0.05 $SUI. To get more $SUI devnet tokens, click on the 3 lines on the top right hand corner of the wallet, then click “Request Devnet SUI Tokens”.

    You can also request devnet tokens via their devnet-faucet channel in Discord. Check here for full instructions.

    Stake and Earn Sui

    On your Sui wallet (see above on how to install a Sui wallet), click “Stake & Earn SUI”. Then select the validator you want to stake your Sui and the amount to be staked and click “Stake Now”. You can unstake and withdraw your SUI on the same page. You can also track how much $SUI you have staked and the APY on the “Coins” tab.

    Mint Sui Capys NFT

    Go to https://capy.art/ and connect your Sui wallet. Then, go to “My Collection” and “Capys”. Select “Get a free Capy” and on the Sui Wallet, click “Approve”. You can mint a maximum of 2 Capys.

    Mint a Sui NFT Capy
    Mint a Sui NFT Capy

    Afterward, you can breed or sell your Capys.

    Register your domain on Sui Name Service (SuiNS)

    On your Sui wallet, go to the “Apps” tab, then click “Sui Name Service (SuiNS). You will then be taken to https://suins.io/ where you can search for names. Choose your desired name (ending in .sui or .move) and click “Register Name”. Registering a name costs 0.001 SUI.

    You will then be asked to connect your Sui wallet, and afterward, click “Approve” (2 approvals are required) to approve the transaction.

    Register domain on Sui Name Service (SuiNS)
    Register domain on Sui Name Service (SuiNS)

    Participate in Sui testnet waves

    Sui has recently finished their Sui Testnet Wave 2. However, you can follow them on Twitter to see if and when they will do another testnet wave.

    Play games and get test mints on Clutchy

    Clutchy is a Gaming and NFT marketplace built on Sui, so using their platform may give you a better chance of getting a potential SUI airdrop. To do this, go to Clutchy.io. To play games on Clutchy, go to the “Games” tab, where you will find many games to choose from including board games, shooters, and puzzles. Meanwhile, their Launchpad will have launch test mint NFTs this week. All you need to do is to mint them using SUI tokens.

    https://twitter.com/Clutchy_io/status/1630329210869874690?s=20
    Upcoming Clutchy NFT test mints

    Interact with protocols in the Sui ecosystem

    There are numerous projects built on Sui, many of which have not released their token yet and might also do a potential airdrop! Similar to zkSync, the network itself and its ecosystem projects are all doing airdrops. Learn more with our zkSync ($ZKS) Token Airdrop Guide!

    So, there could be a chance to earn DOUBLE AIRDROP REWARDS!

    One such project being built on the Sui ecosystem is Synthr. Synthr is a synthetic asset protocol built on Sui, and they have confirmed they will do a $SYNTH token airdrop! For more details check out our Synthr ($SYNTH) token airdrop guide.

    Mint your SuiFrens Bullshark Generation 0 Limited Edition NFT

    Mysten Labs, the company behind Sui, have announced its ACES (Active Contributors & Early Supporters) Program. Those who joined the Sui Discord before 3rd May 2023 can register with their Discord account and Sui wallet before 17th May 2023 at 11am PDT: https://aces.mystenlabs.com.

    Those who are eligible will be airdropped a SuiFrens Bullshark Generation 0 Limited Edition NFT at a later date. It is unknown what the utility of the NFT will be.

    Am I eligible to receive SUI tokens in the Community Access Program?

    Sui has stated there will be no SUI airdrops. Instead, there will be a SUI Token Community Access Program which will offer retrospective rewards and a recognition sale for the following categories of Sui supporters:

    1. Capy Holidays competition winners: They will receive tokens directly based on the competition terms.
    2. Champions: Testers and moderators who attended, organized and ran events. They will get SUI tokens after the mainnet launch.
    3. Supporters: These are Sui Discord community members that joined before 1st February 2023 and offered suggestions, joined discussions, interacting with the ecosystem and helped suggest innovations. Also included are the winners of the Frenemies Competition. These people will be able to purchase SUI during a Recognition Sale.

    Those who are eligible to receive SUI tokens will be contacted directly by the team. Meanwhile, here is how to check your eligibility to participate in the Sui Recognition Sale:

    1. Verify your Discord here. You must have joined their Discord before 1st February 2023 to be eligible. Note that this verification portal will close on 17th April 2023 at 9:30pm PDT.
    2. If you are eligible, you will be required to fill in a form on their page.
    3. Register for the token sale on Bybit, Kucoin or OKX. You can sign up for an account here: ByBit, KuCoin, OKX.

    We recommend signing up with every participating exchange, especially ByBit for the Sui Recognition Sale. This is because Bybit have been allocated the largest number of tokens allocated to them for sale compared to other exchanges and likely will have the highest trading volume. Meaning it would be easier to get an allocation and faster to trade your SUI tokens before everyone else.

    You must complete the KYC requirements for the exchange you plan to buy your SUI tokens from, so it is suggested to sign up ASAP. Note that people from the United States are not eligible to participate in Sui’s Community Access Program. Also, people from the following countries are not eligible to participate in the Sui Recognition Sale, even though they may be eligible under the Community Access Program: United States, mainland China, Singapore, Quebec (Canada), Ontario (Canada), North Korea, Cuba, Iran, Ukraine, Sevastopol, Sudan, Syria, Uzbekistan, or any other jurisdictions excluded by the exchange.

    Those eligible to participate in the Community Access Program can buy up to 1,500 SUI at US$0.03 per SUI. There will not be any lockup period for the SUI tokens which will be distributed at mainnet launch on 3rd May 2023.

    SUI Recognition Sale Details

    As mentioned previously, some Sui Supporters will be eligible to participate in Sui’s Recognition Sale. These are Sui Discord community members that joined before 1st February 2023 and winners of the Frenemies Competition. The Sui Recognition Sale allows these supporters to purchase Sui at US$0.03/Sui instead of the public price of US$0.1. Only, Bybit, Kucoin or OKX will be hosting the Sui Recognition Sale, so eligible persons must sign up for an account and complete any required KYC on those exchanges.

    According to Sui, over 340k Discord accounts were eligible for the Recognition Sale. Of this, 180k accounts made submissions for the Recognition Sale (this excludes any ineligible accounts). Because there is a maximum allotment of tokens for the Recognition Sale, Sui has done a random selection of the submissions. And it is estimated that around 96k supporters will be able to actually participate in the Recognition Sale (assuming each user purchases the maximum allotment). Sui has emailed these allowlisted participants with instructions as well as the 3 exchanges.

    SUI Tokens will be distributed to successful Recognition Sale participants at the following times:

    • Kucoin: From 01:00 on 2nd May to 09:00 on 3rd May UTC.
    • Bybit: 06:00 on 3rd May UTC.
    • OKX: 06:00 on 3rd May UTC.

    All tokens will be unlocked at Sui mainnet launch on 3rd May.

    Here are the timelines for the Sui Recognition Sale for all 3 exchanges.

    Kucoin:

    Sui token sale timeline Kucoin

    Bybit:

    OKX:

    Sui token sale timeline OKX

    Sui 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: For now there is no airdrop, and only those who are eligible under their Community Access Program will either receive SUI or be eligible to participate in their Recognition Sale. The Recognition Sale will allow eligible users to buy SUI at a discounted price.

    Airdropped Token Allocation: 594 million $SUI tokens will be allocated towards their Community Access Program. But they will not be distributed in the form of airdrops.

    Airdrop Difficulty: Sui has not announced any airdrop, but it has said it will reward early users. Their wallet is in devnet stage and has the basic features, in addition, you can mint their Capy NFTs and register a Sui domain name. All these actions only cost SUI tokens, which can be obtained for free. This makes the difficulty quite simple and most importantly, does not involve any cost.

    Token Utility: The SUI token will have 4 main purposes: Gas fees, staking, governance, and as an underlying asset of the Sui economy. This gives $SUI holders a lot of flexibility in terms of how they can use the token.

    Token Lockup: It is speculated that any airdropped $SUI tokens will be locked until the token launch. However, there is no announcement on when this would be.

    Frequently Asked Questions (FAQs)

    What is the Sui Community Access Program?

    Sui Community Access Program is a program that rewards Sui supporters. Under the Community Access Program, only limited categories of early supporters will be able to obtain SUI tokens either via retrospective rewards or a recognition sale. However, there are geographical restrictions, for example US residents are not eligible to receive SUI even if they qualify under the Community Access Program.

    Which countries are excluded from the Community Access Program?

    People from the United States are not eligible to participate in Sui’s Community Access Program. Also, people from the following countries are not eligible to participate in the Sui Recognition Sale, even though they may be eligible under the Community Access Program: United States, mainland China, Singapore, Quebec (Canada), Ontario (Canada), North Korea, Cuba, Iran, Ukraine, Sevastopol, Sudan, Syria, Uzbekistan or any other jurisdictions excluded by OKX, Bybit or Kucoin.

    Who is eligible to join the SUI Token Community Access Program?

    The following categories of persons are eligible to join the SUI Token Community Access Program: Capy Holidays competition winners, Champions (i.e. Testers and moderators) and Supporters (Sui Discord community members that joined before 1st February 2023).

    How do I check my eligibility for the SUI Community Access Program?

    You can check your eligibility at https://verifysupporters.sui.io/

    When is the deadline for signing up for the Sui Community Access Program?

    The verification portal for the Sui Community Access Program will close on 17th April 2023 at 9:30pm PDT.

    What is the token price and lockup period for the Community Access Program?

    Those who are eligible to join the Community Access Program can purchase up to 1,500 SUI at $US0.03 per token. The tokens are not subject to any lockup period and will be distributed at mainnet launch.

    How can I join the SUI Token Recognition Sale?

    First check if you are eligible here. Note that this verification portal will close on 17th April 2023 at 9:30pm PDT. If you are eligible, you will be required to fill in a form on their page. Then, register for the token sale on Bybit, Kucoin or OKX. You can sign up for an account here: ByBit, KuCoin, OKX.

    When is the Sui mainnet launch?

    Sui has confirmed it will launch its mainnet on 3rd May 2023.

  • Arbswap Token Airdrop Guide: How to Claim

    Arbswap Token Airdrop Guide: How to Claim

    Arbswap is a decentralized exchange (DEX) suite native to Arbitrum. Their aim is to become the best-performing DEX on Arbitrum Nova and the no.1 go-to DEX on Arbitrum One. The team has also confirmed on Twitter they will be doing an airdrop of their soon-to-be-released token. In this article, we will explain what Arbswap is and a step-by-step guide on what you can do to receive its token airdrop.

    Arbitrum JUST announced their airdrop. Find out more- Arbitrum ($ARB) Token Airdrop Eligibility: How to Claim?

    Arbswap Airdrop Step-by-Step Guide

    Here’s how to get the ArbEgg NFT and points in the Arbswap Stage 2 token airdrop:

    1. Swap tokens on Arbitrum One network via Uniswap and Sushiswap.
    2. Trading competition on Arbswap Swap page.
    3. Provide liquidity to Arbswap.
    4. Participate in the Prediction Market.
    5. Complete the social tasks to get ArbEgg Points.

    See below for more details!

    What is Arbswap?

    Arbswap is the ultimate game-fi-optimized DEX for Arbitrum Nova and One. The project hopes to offer a streamlined and user-friendly trading experience for all in-game assets, including both fungible and non-fungible assets (e.g. NFTs). Our liquidity farming feature allows projects to host LP incentives on both flexible and locked farming, granting more control to game projects on Nova. With Arbswap, users can enjoy a simplified trading experience for all their in-game needs, eliminating the need to navigate between Uniswap and NFT marketplaces.

    Does Arbswap have a Token?

    Arbswap does not have a token yet, and they have not released their tokenomics. However, they have announced they will do a token airdrop and gave some hints on how you can be eligible for an airdrop.

    Arbswap confirms it will do an airdrop

    How to Get the Arbswap Token Airdrop?

    Arbswap is doing a multi-stage airdrop event to earn ArbEgg NFTs and points, which will translate to an airdrop when its token is launched. Stage 2 of the airdrop is now LIVE from 13 April 2023, 2:00PM UTC to 28 April 2023, 2:00AM UTC! Here’s how to participate in Stage 2 of the Arbswap airdrop:

    Stage 2 will focus primarily on on-chain activities, and there are 4 events for ArbEgg NFT holders to participate in and earn points. Additionally, there will be a leaderboard that tracks all user progress, and the top 100 participants from each event will be rewarded with another exclusive ArbEgg NFT.

    1. Swap tokens on Arbitrum One network via Uniswap and Sushiswap.
    2. Trading competition on Arbswap Swap page.
    3. Provide liquidity to Arbswap.
    4. Participate in the Prediction Market.
    5. Complete the social tasks to get ArbEgg Points

    Now, you can start stacking ArbEgg Points, which gives you a higher chance of getting more airdrops once the event ends.

    Complete social tasks to get ArbEgg Points

    Arbswap has updated stage 2 with extra social events and an extended deadline! Here are the extra events to be completed for bonus ArbEgg Points and prizes!:

    1. 21 April to 24 April Meme Contest: Follow, Like & RT the game post, share your funniest memes. 100 ArbEgg Points will be awarded for the 10 funniest memes!
    2. 24 April to 26 April Meet your ArbEggs: Follow, Like & RT the game post, complete the maze and leave a screenshot in the comments. 50 ArbEgg Points will be given to 20 winners!
    3. 26 April to 27 April Word Puzzle: Follow, Like & RT the game post. Then, complete the Word Puzzle and leave a screenshot in the comment. 20 ArbEgg Point will be given to 50 random winners.

    All ArbEgg Points earned will be converted to $ARBS tokens. Also, all ArbEgg NFT holders and those with the “Real Arbsian” role on Discord will be eligible for the airdrop and get an extra 20% ArbEgg points.

    The top participants in each event of Stage 2 will also be awarded the ArbEgg: Stage 2 NFT. They will automatically be entitled to an even larger $ARBS token airdrop.

    How to Get Maximum ArbEgg Points?

    ArbEgg Points are exclusive to Arbswap’s Discord, where 1 Point equals 1 ArbEgg Point. At the end of each airdrop stage, the Arbswap team will publish a point sheet on Twitter and Discord showing the number of points earned. To check your ArbEgg Points daily, you can also go to the Discord #victory-wall channel.

    1. Follow Arbswap on Twitter.
    2. Join the Arbswap Discord.
    3. Invite friends to Discord with your referral link.
    4. Submit your tweet links to the #tweet-dispatch channel on Discord.

    How to claim your ArbEgg Points?

    For off-chain activities (i.e. Social activities), you will need to comment that you have completed the task on Discord with your wallet address. If you have not done so, you MUST do so by 4am UTC on 5th May 2023 to claim your ArbEgg Points, here’s how:

    1. Join the Arbswap Discord here: https://discord.com/invite/arbswapofficial
    2. Before 4am UTC on 5th May 2023, submit your Arbitrum One wallet address on their collection form.
    3. Afterward, you will be automatically invited to a private Discord channel and granted a “Wallet” role.
    4. Check your total ArbEgg Points here.

    Note that late submissions will be considered disqualified!

    How to Claim $ARBS Token Airdrop?

    Those who receive the $ARBS token airdrop will have 3 options- burn, vest or unlock:

    1. Burn — Claim 10% of the airdrop and burn the remaining tokens.
    2. Vest — Claim 5% of the airdrop and vest 15% over 24 months. The rest will be burnt.
    3. Early Unlock — 0.01 $ETH is required to claim 50% of the airdrop instantly, with 50% vesting over the period of 12 months.

    Arbswap 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: Arbswap is currently doing stage 2 of its airdrop, so act fast to earn more points!

    Airdropped Token Allocation: It is unknown how many Arbswap tokens will be allocated towards airdrops.

    Airdrop Difficulty: Getting an Arbswap token airdrop will require you to transact on Arbswap by swapping tokens or adding liquidity to their pools. These are simple actions for most cryptocurrency traders but will require you to use your own funds.

    Token Utility: The Arbswap token utility is unknown.

    Token Lockup: The Arbswap token lockup is unknown.

  • Sui Blockchain Guide: Token sale details announced!

    Sui Blockchain Guide: Token sale details announced!

    What is Sui?

    Sui is the world’s first permissionless Layer 1 blockchain completely designed from the ground up. They are a decentralized, proof-of-stake blockchain with horizontally scaleable throughput and storage.

    Ex-members of the Meta team came together to form Mysten Labs– the company behind Sui. They are also building Move, which is an open-source smart contract programming language.

    However, Sui is not a derivative or an add-on of the Diem network. Instead, it is a step-function advancement in blockchain technology that is designed to allow creators and developers to build experiences for web3 users.

    Who is the team behind Sui?

    Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis and Kostas Chalkias co-founded Sui. They are co-founders are former senior leaders of Facebook’s (Meta) advanced blockchain research and development organization. They were responsible for delivering some of the most advanced open source components such as the programming language, execution engine and cryptography of the Diem network.

    What are Sui’s main features?

    Sui has the following main features:

    • Sui is able to scale horizontally without any upper bounds. This enables them to meet application demand whilst maintaining extremely low operating costs per transaction.
    • The design of Sui is groundbreaking in that it eliminates a critical bottleneck in existing blockchains. In traditional blockchains, transactions (though independent of each other) are pushed into sequential blocks which creates wasteful computational power. Sui’s innovation is that they will organise data into independent objects, meaning that transactions can be executed in parallel.
    • The network is also able to scale throughput horizontally because it enables parallel agreement on causally independent transactions. They achieve this through Byzantine consistent broadcast, which eliminates the overhead caused by global consensus yet without sacrificing safety and liveness guarantees.

    Sui’s unique features mean there will be unmatched scalability and instant settlement of transactions. The platform can scale horizontally to meet the increasing demands of applications. Sui’s authorities can add workers to increase processing power in order to meet growing network capacity. The result of this would be lower gas fees even when network traffic is high, and thus better user experiences for web3 apps.

    How do users participate in Sui?

    There will be 3 types of participants: Users, token holders and Validators.

    • Users will be responsible for submitting transactions to the platform in order to create, change and transfer digital assets or interact with more complex applications.
    • Token holders have the option of delegating their tokens to validators and participating in their proof-of-work mechanism. SUI token holders also have the right to participate in Sui’s governance and decide on the future direction of the project.
    • Validators manage the processing and execution of transactions on the Sui platform.

    Who are Sui blockchain’s investors?

    Sui has so far raised US$36 million in Series A funding. Sui’s Series A funding round was led by Andreessen Horowitz’s a16z. Other participants in Sui’s funding include Redpoint, Lightspeed, Coinbase Ventures, Electric Capital, Samsung Next, Slow Ventures, Standard Crypto, NFX, and Scribble Ventures, among others.

    Mysten Labs’ Series B funding round is well underway, with Sui being valued at over US$2 billion. Mysten has recently closed a US$300 million fundraise led by FTX Ventures. Other Series B investors include Coinbase Ventures, Jump Crypto, Circle Ventures, a16z (again), Binance Labs, and O’Leary Ventures, among others.

    What is the $SUI crypto token?

    The SUI token is the native asset of the Sui platform with a total supply capped at 10,000,000 (i.e. 10 billion). A portion of SUI’s total supply will be released at the mainnet launch of the platform. The remaining tokens will be vested over the coming years or distributed as future stake reward subsidies.

    The SUI token will have 4 main purposes: Staking, gas fees, as an underlying asset of the economy, and lastly for governance. Specifically:

    • SUI can be staked in order to participate in the platform’s proof-of-work mechanism.
    • SUI is the asset used for paying gas fees required to execute and store transactions or do various operations on the platform.
    • SUI is used as an asset on the platform with all the standard features of traditional money- used as a unit of account, a medium of exchange, and a store of value. It can even have more complex functions enabled by smart contracts across the Sui platform.
    • SUI token holders have the right to participate in on-chain governance voting on various issues affecting the Sui platform such as protocol upgrades.

    What is the $SUI token allocation?

    Over 50% of $SUI tokens will be held by the Community Reserve, which will in turn be managed by the Sui Foundation. The Community Reserve intends to use the SUI tokens through various community programs. For example:

    • Delegation Program: The SUI Delegation Program will allow community members seeking to run a validator to apply for delegated $SUI tokens. This helps bootstrap community-run validators and promotes an even stake distribution across the network validators.
    • Grant Programs: $SUI tokens will be distributed directly to developers, community ambassadors and others who are building or creating educational materials for Sui.
    • Research and Development: Tokens will be allocated for the advancement of the Sui protocol.
    • Validator Subsidies: Tokens will be distributed to subsidize staking rewards.

    As for the remainder of the $SUI tokens, 20% will go to early contributors, 14% to investors, 10% to the Mysten Labs Treasury, and 6% to the Community Access Program and App testers. Click here for more details on SUI tokenomics.

    Those who are eligible under the SUI Token Community Access Program will either receive retrospective rewards or be able to participate in the Recognition Sale. There will also be a General Sale. However, these are subject to geographical restrictions.

    Will there be a $SUI token airdrop?

    Sui had a $SUI token airdrop for its Testnet Wave 1 and 2 validators. Validators were rewarded with 2,000 SUI for every testnet “wave” they participated in. The airdropped tokens were subject to a 1-year vesting period. Although registration has been closed, there is a possibility of a third testnet “wave”. However, in their latest blog post, it seems that an airdrop is unlikely. Instead, Sui has announced a SUI Token Community Access Program which will distribute retrospective rewards or allow access to an earlier Recognition Sale to those who are eligible.

    Learn more about the Community Access Program and how to check your eligibility here: Sui ($SUI) token airdrop guide.

    $SUI token sale details?

    There will be 2 rounds of SUI token sale, the Recognition Sale and the General Sale. Note there are exclusions for participating in the token sales. (Klonopin)

    Sui has confirmed it will officially launch its mainnet on 3rd May 2023.

    For more details on the SUI token sales for each exchange, see here: Bybit, KuCoin, OKX.

    Sui Recognition Sale

    The Recognition Sale is only available to those whitelisted by the Sui Foundation. Those who are eligible can purchase up to 1,500 SUI from a pool for US$0.03. The tokens will be fully unlocked during the mainnet launch on 3rd May 2023.

    According to Sui, over 340k Discord accounts were eligible for the Recognition Sale, and 180k accounts made submissions. Sui randomly selected submissions, and it is estimated that around 96k supporters will be able to participate in the Recognition Sale. Sui has emailed these allowlisted participants with instructions. S

    The following exchanges will participate in the SUI Recognition Sale: ByBit, KuCoin and OKX. SUI Tokens will be distributed to successful Recognition Sale participants at the following times:

    • Kucoin: From 01:00 on 2nd May to 09:00 on 3rd May UTC
    • Bybit: 06:00 on 3rd May UTC
    • OKX: 06:00 on 3rd May UTC.

    We suggest signing up for Bybit because they have the largest number of tokens allocated for sale compared to KuCoin and OKX (94M SUI vs 25M SUI). This means you are more likely to get an allocation compared to the other 2 exchanges.

    Sign up for Bybit here:

    Sui General Sale

    General Sale participants will be able to purchase up to 10,000 SUI at US$0.10. Only KuCoin and OKX will be hosting the General Sale, and each exchange has been allocated 225m SUI for sale in this round. Here are the details for the General Sale on KuCoin and OKX:

    • KuCoin: Subscription period ends on 22nd April 2023 at 16:00:00 UTC, ticket draw will be announced on 23rd April 2023 at 13:00 UTC. Tokens will be distributed on 2nd May 2023 at 01:00:00 UTC.
    • OKX: General Sale subscription period will be from 23 April 2023 02:00 UTC to 24 April 2023 02:00 UTC. Tokens will be distributed once mainnet launches.

    SUI tokens bought during the General Sale are subject to a vesting period. 1/13 will be unlocked at the Token Generation Event (TGE). After 30 days, an additional 1/13 will be released monthly. So that all purchased tokens will be released within twelve months from the TGE date. All purchased tokens will automatically be sent to your exchange wallet.

    What is the Sui economic model?

    There are five major components of the Sui economic model:

    Sui blockchain’s economic model (Source: Medium)
    • SUI token: the platform’s native token.
    • Gas fees: all network operations on the platform require gas fees. Gas fees are rewarded to participants in the proof-of-stake mechanism. It can also be used to prevent spam and denial-of-service attacks.
    • Storage fund: This fund is used to redistribute past transaction fees to future validators. That is, users will pay fees upfront for both computation and storage. The storage fees which are collected are deposited into a fund used to adjust the future share of staking rewards. This is so that when there is a high demand for on-chain storage, validators will receive additional rewards to compensate for their costs. When demand is lower, rewards will also be adjusted accordingly. Users however will be able to save funds through a “deletion option” which allows them to delete previously-stored on-chain data. By exercising this option, users can receive a storage fund rebate.
    • Proof-of-stake mechanism: Used to select, incentivize and reward platform operators i.e. the validators and SUI delegators.
    • On-chain voting: for voting and deciding on governance and protocol upgrades.

    What is the Sui Explorer (Suiscan)?

    The Sui Explorer (known as Suiscan) was launched in August 2022 and is a trusted transparency tool for those who are using and building on Sui. The main purposes of the Sui Explorer are as follows:

    • Maintain the most updated and accurate on-chain data, activity, and metrics;
    • act as a fast, reliable, and transparent tool for debugging issues and auditing;
    • enable the lookup, verification, and tracking of assets and contracts; and
    • provide useful smart contract development and features that will be unique to Sui Move.

    Major features of Sui Explorer are as follows:

    • Sui Explorer builds on existing blockchain explorers by providing go-to-definition support for all smart contracts. Clicking on any struct will direct users to the package and defining module which improves code navigation, readability, and learnability;
    • object details are rendered recursively, thereby providing an optimized view of objects on the Sui Explorer;
    • address details are divided into (1) Coins; and (2) NFTs for convenient navigation. Users will be able to have a clear view of the assets and transactions with this address. Coins that are of the same type are also automatically aggregated. However, an expanded paginated view of the information is also available;
    • transactions will show more details such as gas fees paid, objects updated, token amount and the relevant addressing. For some transactions, additional information such as bytecode of published modules and emitted events can also be included;
    • Sui Explorer will also have a validator table and node map showing the active full nodes and their locations. The purpose of this is to provide information on Sui’s network operations as the network continues to mature.

    Suiscan is currently running on Devnet and eventually also on Testnet when it is live.

    What is the Sui Wallet?

    The Sui Wallet allows users to create addresses and view and manage their assets on the Sui network. The Sui Wallet can also interact with dApps. Similar to MetaMask, Sui Wallet will be a Google Chrome extension so users can simply access it on their Chrome browsers.

    What is the development progress of Sui?

    Sui has confirmed it will officially launch its mainnet on 3rd May 2023.

    Frequently Asked Questions (FAQs)

    When will Sui be released?

    There is no release date for the Sui platform yet.

    When is the SUI crypto token sale?

    There is currently no information on when the SUI token will be sold.

    When is the SUI ICO?

    No announcement has been made on the timing of the SUI ICO yet.

    Is Sui the same or related to Aptos?

    No, Sui and Aptos and completely different and unrelated projects. The only connection between the two projects is that both teams have previously worked in blockchain development at Facebook (Meta).

    When is the Sui mainnet launch?

    Sui has confirmed it will officially launch its mainnet on 3rd May 2023.

    Will there be a Sui token airdrop?

    There is no official announcement of a Sui token airdrop. Instead, it seems that there will be a Community Access Program which will not involve airdrops.

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

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

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

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

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

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

    See below for more in-depth details!

    What is ether.fi?

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

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

    Project Funding

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

    Does ether.fi Have a Token?

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

    How to Get the $ETHFI Airdrop?

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

    1. Connect Your Wallet to ether.fi

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

    2. Stake ETH or ETH-pegged Assets

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

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

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

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

    Airdrop Review

    When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

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

    Airdropped Token Allocation: Their tokenomics is not yet available.

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

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

    Token Lockup: Their tokenomics is not yet available.

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

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

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

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

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

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

    See below for more in-depth details!

    What is MantleSwap?

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

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

    Does MantleSwap Have a Token?

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

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

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

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

    1. Claim Goerli ETH from Faucets

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

    2. Add Mantle Testnet to MetaMask

      Add Mantle Testnet to your MetaMask wallet via ChainList.

    3. Mint $BIT Test Tokens

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

    4. Bridge $BIT to Mantle Testnet

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

    5. Claim Test Stablecoins at MantleSwap Testnet

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

    6. Swap Tokens

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

    7. Provide Liquidity

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

      You can also deposit liquidity into a stablecoin pool.

    8. Complete Zealy Tasks

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

    Airdrop Review

    When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

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

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

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

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

    Token Lockup: There is no tokenomics yet.

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

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

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

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

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

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

    See below for more in-depth details!

    What is EchoDEX?

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

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

    Does EchoDEX Have a Token?

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

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

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

    1. Connect to Linea Goerli Test Network

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

    2. Claim Faucet Tokens on EchoDEX Testnet

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

    3. Swap Tokens

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

    4. Provide Liquidity

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

    5. Mint NFT

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

      Contract Address: 0xf893Ba09d5aac3dfaFc0E706a9f7778eC71788b4
      Token ID: 24767

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

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

    Airdrop Review

    When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

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

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

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

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

    Token Lockup: There is no tokenomics yet.

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

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

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

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

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

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

    See below for more in-depth details!

    What is Lamina1?

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

    Project Team and Funding

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

    Does Lamina1 Have a Token?

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

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

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

    1. Create a Lamina1 Wallet

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

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

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

    2. Add Lamina1 Testnet to MetaMask

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

    3. Claim Testnet $L1 Tokens on MetaMask

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

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

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

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

    5. Complete Tasks on Zealy

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

    6. Set Up a Node

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

    Airdrop Review

    When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

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

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

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

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

    Token Lockup: There is no tokenomics yet.

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

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

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

    ZKX Protocol Airdrop Step-by-Step Guide

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

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

    See below for more in-depth details!

    What is ZKX Protocol?

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

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

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

    Does ZKX Protocol Have a Token?

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

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

    How to Get the $ZKX Airdrop?

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

    1. Connect Your Wallet to ZKX Testnet

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

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

    2. Trade Perpetual Futures

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

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

    3. Provide Feedback

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

    Airdrop Review

    When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

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

    Airdropped Token Allocation: There is no tokenomics yet.

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

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

    Token Lockup: There is no tokenomics yet.

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

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

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

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

    Here’s how to receive the $DGT airdrop:

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

    See below for more in-depth details!

    What is Davos Protocol?

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

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

    Does Davos Protocol Have a Token?

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

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

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

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

    1. Connect Your Wallet to Davos Protocol

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

    2. Deposit $MATIC as Collateral

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

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

    3. Stake $DAVOS to Earn $DGT

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

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

    4. Deposit on Gamma Boosted Vaults

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

    5. Provide Liquidity on Uniswap or QuickSwap

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

    Airdrop Review

    When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

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

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

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

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

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

  • Arrakis Finance ($SPICE) Token Airdrop Guide: LIVE NOW!

    Arrakis Finance ($SPICE) Token Airdrop Guide: LIVE NOW!

    Arrakis Finance is one of the largest liquidity management protocols for leading DeFi projects. The team will launch its native token, $SPICE, and has confirmed an airdrop for the community. In this article, we will briefly explain what Arrakis Finance is and how you can position yourself for the airdrop.

    Arrakis Finance ($SPICE) Airdrop Step-by-Step Guide

    Here’s how to receive the $SPICE airdrop:

    1. Connect your wallet to Arrakis Finance
    2. Provide Liquidity to Vault

    See below for more in-depth details!

    What is Arrakis Finance?

    Arrakis Finance is a liquidity management protocol used by leading DeFi projects to bootstrap liquidity for their tokens across multiple blockchains. Some of the top DeFi projects that have adopted Arrakis vaults include Aave, MakerDAO, and Synthetix. At its peak in July 2022, the platform had $1.83 billion in total value locked (TVL).

    Arrakis aims to solve pain points that many projects in web3 are facing today. Traditional Uniswap v2 automated market makers (AMM) provide a one-size-fits-all liquidity solution. While being simple, they lack efficiency and are costly to subsidize liquidity programs. Next generation AMMs like Uniswap v3 provide liquidity efficiency improvements, however at the cost of added complexity and risk to liquidity providers (LP).

    The multichain landscape made liquidity increasingly fragmented and the operational overhead of managing liquidity exponentially higher. Projects are forced to spend an unnecessary amount of time and resources on complex topics such as active liquidity management, cross-chain liquidity provision, and modeling expenditures on market making programs. Arrakis solves these issues by creating a curated marketplace of novel tokenized LP strategies that facilitate deep liquidity and optimize LP earnings.

    Does Arrakis Finance Have a Token?

    Yes, $SPICE is a token that Arrakis Finance uses to add transparent governance and new incentive mechanisms to its protocol. The Arrakis DAO manages its tokenized strategies with its curated list of automated strategies. The protocol takes a 25% commission on fees earned from all liquidity under management as protocol revenue.

    Projects get optimized liquidity without the management overhead and access to liquidity gauge emissions of $SPICE. These emissions provide additional incentives for LPs and attract liquidity to vaults. They also double as a bootstrapping mechanism for distributing governance power over the Arrakis protocol by vote locking $SPICE for non-transferable $xSPICE.

    Will there be a $SPICE Airdrop?

    Yes, the Arrakis team has confirmed an upcoming $SPICE airdrop on Discord, and they will announce further details soon. Moreover, if you locked $GEL tokens as part of the Gelato Network Lockdrop Program between May and June last year, you will receive $SPICE airdrops when the token launches. The Gelato Network is a web3 automation network that helped incubate Arrakis Finance.

    How to Get the $SPICE Airdrop?

    The best chance to get the $SPICE airdrop is to provide liquidity on the Arrakis Vaults. The protocol is live on four mainnets: Ethereum, Polygon, Optimism, and Arbitrum. So you will need real funds to qualify for the $SPICE airdrop. Here’s a step-by-step guide:

    1. Connect Your Wallet to Arrakis Finance

      Connect your MetaMask or other supported wallets to the Arrakis Finance Vault page. Switch the network to Ethereum, Polygon, Optimism, or Arbitrum, depending on where your funds are located.

    2. Provide Liquidity to Vault

      Select a liquidity pool you want and deposit your token pairs. Each pool has different rewards and fee tiers.

      If you want to minimize impermanent loss risk, stablecoin pair LPs are a safer choice.

    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 Arrakis team has confirmed on Discord that there will be a $SPICE airdrop. More details to be announced soon.

    Airdropped Token Allocation: The token allocation for Vault liquidity providers is yet to be determined. However, those who participated in the $GEL Lockdrop Program last year will split the 30 million $SPICE airdrop pro-rata.

    Airdrop Difficulty: The steps are straightforward. You just have to provide liquidity to the Arrakis Vault. However, keep in mind that real funds are used, as it is deployed on the mainnets.

    Token Utility: $SPICE is the native governance token of Arrakis Finance that adds new incentive mechanisms to its protocol.

    Token Lockup: The tokenomics of $SPICE is not yet finalized.

  • ConsenSys Free NFT Airdrop Guide: CLAIM NOW!

    ConsenSys Free NFT Airdrop Guide: CLAIM NOW!

    ConsenSys is celebrating the upcoming Ethereum Shanghai/Capella upgrade with the launch of a new NFT collection called “Ethereum, Evolved: Shanghai”. The NFT claim period begins on April 12, 2023, at 9pm EST and lasts for 72 hours. If you have a MetaMask wallet, you can mint the open edition for free (excluding gas fee). So act fast to claim your piece of Web3 history!

    Learn more about the Ethereum Shanghai (Shapella) upgrade and the road toward Ethereum 2.0 here.

    ConsenSys Free NFT Claim Step-by-Step Guide

    Here’s how to claim the free ConsenSys NFT:

    1. Visit the “Ethereum, Evolved: Shanghai” NFT Minting Page
    2. Connect Your MetaMask Wallet
    3. Mint and Claim NFT
    4. View NFT on MetaMask Portfolio

    See below for more in-depth details!

    About ConsenSys

    ConsenSys is a leading blockchain technology company that focuses primarily on the Ethereum ecosystem. Joseph Lubin, an Ethereum co-founder, established it in 2014. The company aims to drive decentralized applications (dApps) and infrastructure adoption on Ethereum. It provides tools, products, and services like MetaMask and Infura to help developers, businesses, and individuals build next-gen applications and access decentralized web technologies.

    ConsenSys is also a founding member of the Enterprise Ethereum Alliance (EEA). This global organization consists of various businesses, startups, research institutions, and Ethereum experts. Launched in 2017, the EEA’s primary goal is to develop open, blockchain-based standards and promote Ethereum adoption in enterprises. Through member collaboration, the EEA seeks to create best practices, architectural guidelines, and industry-specific use cases. This approach helps integrate Ethereum into the business world more effectively and securely.

    About the Ethereum Shanghai/Capella Upgrade

    The Shanghai/Capella upgrade is a technological milestone in the history of blockchain that will enable users to withdraw staked Ethereum assets. The upgrade is expected to have significant improvements for stakers, the Ethereum staking ecosystem, and DeFi, reducing liquidity risk and inspiring confidence in liquid staking protocols.

    The upgrade will also enable Staking withdrawals, increasing the portability of stake and driving further innovation in the staking sector. Stakers will be able to evaluate different offerings based on factors such as rewards maximization, validator performance, simplicity of the user experience, and fees, and will play a critical role in preserving Ethereum’s values.

    Our previous article, ‘Ethereum Shanghai Upgrade: Liquid Staking Derivatives are Coming,’ delves into the subject in depth.

    How to Claim the Free ConsenSys NFT Airdrop?

    You can claim your free NFT at the ConsenSys minting page. The claim window will be open for 72 hours starting from 9pm EST on April 12, 2023. Here’s a step-by-step guide:

    1. Visit the “Ethereum, Evolved: Shanghai” NFT Minting Page

      Go to the “Ethereum, Evolved: Shanghai” NFT minting page, which is powered by ConsenSys.

    2. Connect Your MetaMask Wallet

      In order to mint the NFT, you will need to connect your MetaMask wallet. The network is on the Ethereum mainnet.

    3. Mint and Claim NFT

      Click the “Claim Your NFT” button, confirm your MetaMask address, and you will have minted yourself an NFT! The mint itself is free, but you will need some ETH to cover gas fees. You can also choose to mint again, but be careful of the gas fee.

      Keep in mind that the Ethereum network may get busier at times, as more people are rushing to mint the NFT. Gas fees can get higher when the network is congested.

    4. View NFT on MetaMask Portfolio

      Once you claimed your NFT, you can see it in your MetaMask Portfolio under the NFTs tab. You can also trade it on OpenSea.

  • SpartaDex ($SPARTA) Token Airdrop Guide: Testnet LIVE NOW!

    SpartaDex ($SPARTA) Token Airdrop Guide: Testnet LIVE NOW!

    What is SpartaDex?

    SpartaDex is a unique concept of decentralized exchange with implemented gaming layer, built on Arbitrum. It allows users to build their Spartan settlement, gather resources, recruit an army and conquer barbarian territories. The yield and profits are directly related to the user’s progress through the game.

    SpartaDex incentivizes liquidity providers of whitelisted pools with their native $SPARTA token. Providing liquidity to selected pairs of partner projects also rewards in the project token.

    Does SpartaDex Have a Token?

    Yes, SpartaDEX has a native token called $SPARTA. The project team has announced on Twitter that there will be a $SPARTA token airdrop for the community.

    How to Get the $SPARTA Token Airdrop?

    The best chance to get the $SPARTA token airdrop is to (1) hold a Spartan NFT and (2) interact with the app:

    1. The project team has confirmed that Spartan NFT holders are eligible for future airdrops. All NFTs have been minted already, but you can purchase one in OpenSea.
    2. The SpartaDex testnet is now live on Polygon Mumbai. Only whitelisted addresses are able to interact with it now (those who completed the Galxe campaign). However, its mainnet will launch on Arbitrum later this year, and it is open to the public. Those who missed the whitelist opportunity can then interact with the game for a chance to get the 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. (pascuccirestaurant.com)

    Likelihood of Airdrop: SpartaDex has confirmed a $SPARTA token airdrop for Spartan NFT holders and early app users once the token is launched.

    Airdropped Token Allocation: The project team has not yet published details of the airdropped token allocation.

    Airdrop Difficulty: Consider purchasing a Spartan NFT if you are prepared to maintain ownership over an extended period; otherwise, it may not be a valuable investment.

    Token Utility: Staking $SPARTA provides Real Yield, which comes not only from commissions earned by the exchange but also from income generated by game-related microtransactions.

    Token Lockup: Tokens allocated to ecosystem rewards will follow a 72-month linear vesting with halving mechanism. On the other hand, tokens allocated to the project team and advisors will follow a 6-month cliff and an 18-month linear vesting.