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  • LATOKEN Exchange Review (2023): Estonia-based Cryto Exchange

    LATOKEN Exchange Review (2023): Estonia-based Cryto Exchange

    LATOKEN is an Estonia-based cryptocurrency exchange offering users a multi-asset crypto trading platform, financial services, FinTech, cryptocurrency wallet, and a neobank. In this LATOKEN review, we’ll take a look at the company behind the platform, exploring the platform’s features, supported cryptocurrencies, customer service, and more.

    Sign up here to get started.

    What is LATOKEN?

    LATOKEN, a cryptocurrency exchange based in Estonia, was founded in 2017 by CEO Valentin Preobrazhensky and three other experts. With a current staff of around 270 employees, LATOKEN has experienced rapid growth since its inception.

    LATOKEN offers users the ability to trade digital assets. It has evolved from its original goal of creating a multi-asset crypto trading platform to become a regular platform for trading digital assets with additional features.

    In addition to crypto trading, the company also offers users a range of financial services, FinTech solutions, a cryptocurrency wallet, and a neobank – an online-only banking service.

    LATOKEN is currently ranked 111th on CoinMarketCap based on its exchange score, but its daily trading volume places it much higher at around 60th position. CoinMarketCap’s Top-20 rankings in March 2019 saw HitBTC enter the list, showing that the exchange is a worthy competitor in the cryptocurrency exchange space.

    Key Features and Advantages of LATOKEN

    Additional Services

    LATOKEN is a cryptocurrency trading platform that offers more than just an exchange. It also provides users with digital wallets for their cryptocurrencies, loans, and other services. LATOKEN’s official website offers investors the chance to invest in startups on the world’s largest IEO Launchpad. Before investing, it is important to understand the risks and do thorough research to avoid potential losses.

    You can refer your friends to the platform and get rewarded. When someone signs up using your referral link, you’ll get a $50 credit that can be used to pay 25% of fees. Plus, you’ll get money when those people start trading.

    You can list your project on the LATOKEN exchange and take advantage of the referral program to attract organic traders, as well as improve the performance of your digital asset. Additionally, you can access more than 500k LATOKEN users worldwide via Data Room or Online Video Pitch and pitch to thousands of investors from the LATOKEN network. Furthermore, you can perform various tasks and earn crypto rewards for doing that.

    VCTV (Venture Capital Television) is the perfect platform to pitch your startup to investors. With its focus on technology and entrepreneurship, VCTV provides feedback and valuable contacts that can help you in the future. Currently, LATOKEN has 25 major investors.

    Wide Range of Assets to Choose From

    LATOKEN offers an extensive selection of cryptocurrencies, with more than 250 supported coins, including:

    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • USD Coin
    • EOS
    • Litecoin
    • and 250 more

    LATOKEN supports a wide range of cryptocurrencies, including the most popular ones such as Bitcoin, Ethereum, and Litecoin, as well as lesser-known tokens. However, it is important to note that some of these tokens may not be as reputable as the more popular ones, so it is important to do your own research before investing.

    Easy to Start Trading

    Usability is an important factor to consider when choosing a cryptocurrency exchange. If you are a beginner and have never used a similar platform before, you should pay attention to the platform’s user interface and how easy it is to use. After all, if you plan to use it regularly, it is essential to make sure that the platform is user-friendly.

    LATOKEN is a user-friendly platform that provides a range of services, including a trading platform, crypto wallet, IEO Launchpad, LADEX, and LA airdrop. The platform’s landing page makes it easy to find and access all of these services.

    This platform offers support for multiple languages, including English, Spanish, Chinese, Vietnamese, Portuguese, German, and Italian. You can easily select your preferred language from the drop-down menu at the top-right of the page. If you have any questions, the company’s customer service team is available to provide assistance.

    LATOKEN offers four levels of verification, each of which is required for different withdrawal limits:

    • Tier 0 – 1,000 USD/24h withdrawal limit.
    • Tier 1 – 10,000 USD/24h withdrawal limit.
    • Tier 2 – 100,000 USD/24h withdrawal limit.
    • Tier 3 – 100,000 USD/24h withdrawal limit and access to alternative tokens.

    For Tier 3 verification, you need to provide your contact information. From email, full name, phone number, and date of birth, as well as proof of your citizenship, residence, and identity. Additionally, you must submit a photograph and complete the corresponding questionnaire to complete the verification process.

    Focus on Security

    When selecting a cryptocurrency exchange, security should always be the top priority. Look for a provider that takes your privacy and security seriously, so you can be sure your account is safe and secure.

    LATOKEN is a secure cryptocurrency exchange that provides users with:

    • Encrypted keys
    • Password security 
    • Secure storage 
    • Data transmission
    • DDOS protection
    • 2FA verification 

    LATOKEN provides an online wallet for storing your cryptocurrencies. However, it is recommended to use a hardware wallet for added security as it does not store your private keys online. It encrypts your private keys with AES-256 encryption for added security.

    LATOKEN is renowned for its security measures, with 99.95% of users’ funds stored in cold storage using multi-signature technology and AES-256 encryption with a 256-bit key, which is considered virtually unbreakable. It ensures user security by using Salted SHA-256 encryption to protect passwords. This encryption method is enhanced with a random data addition, known as a salt, to make passwords more secure. Although SHA-256 is less secure than BCRYPT, SCRYPT, or Argon2, it still provides a reliable layer of protection.

    LATOKEN ensures secure data transmission through the use of encrypted Transport Layer Security (TLS) connections (i.e., HTTPS). Additionally, Two-Factor Authentication (2FA) is required for any changes to your account or withdrawals, providing an extra layer of security for users. Their advanced distributed system architecture provides protection against DDoS attacks, ensuring that trading on the exchange is not disrupted by external threats.

    Quite Average Trading and Withdrawal Fees

    LATOKEN offers competitive trading fees, with lower fees for market makers than market takers. This allows users to benefit from the best prices available on the market, while still enjoying lower fees than their competitors.

    LATOKEN prices for both market makers and traders:

    LATOKEN offers traders the ability to trade Perpetual Futures, which are contracts that agree to buy or sell a specific cryptocurrency at a future date for a certain price. With LATOKEN, the more you trade, the lower your fees will be, as fees are based on your 30-day trading volume.

    Futures trading offers the potential to capitalize on price volatility, but it can also be highly risky. Before making any decisions, it is important to ensure that you have a thorough understanding of the risks involved.

    LATOKEN also offers some of the lowest Perpetual Futures trading fees in the market, with the same fees for both makers and takers.

    LATOKEN regularly updates withdrawal fees based on market and blockchain conditions, and these fees are charged in the cryptocurrency you wish to withdraw. One example of LATOKEN fees are shown below:

    LATOKEN’s trading fees are generally average, but their withdrawal fees may not be as user-friendly. Additionally, there have been many negative customer reviews regarding the withdrawal process.

    Mobile Application

    The LATOKEN mobile app is available for both Android and iOS, making it accessible to all mobile device users. It has an impressive 4.2-star rating on Google Play and has been installed by over 500,000 people. The app includes both a cryptocurrency exchange and a digital wallet that can be created in minutes with just an email address and phone number. For maximum security, it is recommended to store your cryptocurrencies in a hardware wallet, also known as a cold wallet.

    If you’re looking for a secure way to store your digital assets, consider investing in a hardware wallet such as Ledger Nano X, Trezor Model T, or Ledger Nano S Plus. Alternatively, for an online wallet, Coinbase offers exceptional security measures.

    The LATOKEN app provides users with the necessary tools and features to grow their crypto assets and start trading. Additionally, users can take advantage of price alerts to ensure they never miss out on buying or selling cryptocurrencies at their desired price. Stay up to date with the latest crypto and blockchain news with the LATOKEN mobile app. Track the latest industry developments and make informed decisions about price fluctuations.

    The LATOKEN app update has introduced a new referral program that offers users a $50 credit on their accounts and daily cashback when people sign up with their referral link. This program provides users with an opportunity to generate extra income.

    Most customer reviews of the LATOKEN app are positive, with users praising its ease of use and the wide selection of lesser-known tokens available on the exchange.

    Multiple Support Options

    For those new to crypto trading, having helpful customer service to guide you through the process can be invaluable. Crypto exchanges are becoming increasingly popular, and there are many resources available to help beginners get started. When it comes to LATOKEN customer service, reviews are mixed. Some customers report that the customer service is reliable and helpful, while others have experienced long wait times for a response. It is unclear what kind of service to expect from LATOKEN.

    For instant assistance, LATOKEN customer service is available 24/7. You can contact their customer support team directly with your query. There’s also a live support widget on their platform for a more convenient experience. For any queries or issues, LATOKEN customers can easily submit a ticket via their ticket submission form. They can also join the official Telegram group for more answers. With multiple customer support options available, users can quickly and easily get their issues resolved.

    Overall, LATOKEN’s customer support has been met with mostly positive reviews, with more customers expressing satisfaction than dissatisfaction.

    Key Disadvantages of LATOKEN

    Negative Customer Reviews

    When selecting a product or service, it is important to read customer reviews. People who have been using the platform or service for a long time are the best source of information about its pros and cons. Upon researching Lotaken reviews, it has a low rating of 3.1 stars on Trustpilot. Almost half of the reviews being negative.

    Many users have reported that they have been scammed by this platform. They are claiming that they only received a fraction of the value they were promised when selling cryptocurrencies. Furthermore, customers have been unable to contact customer support for assistance, leaving them feeling ignored and frustrated.

    It is important to always keep your cryptocurrencies in secure hardware wallets to avoid any potential losses. Additionally, it is important to check the withdrawal fees of different assets applied by LATOKEN before making any transactions. Some users have reported paying high fees for their transactions.

    Many customers have left reviews on Trustpilot about their experiences with LATOKEN. The most commonly heard phrase being ‘LATOKEN scam’. Unfortunately, some users have reported being unable to withdraw their cryptocurrencies when they had thousands of coins stored in their accounts.

    How to Register on LATOKEN?

    The following steps are quick and easy to follow:

    1. Create an account on LATOKEN’s official website by clicking the Sign up button.
    2. Provide an email address and password to create an account. This information will be used to access your account in the future.
    3. Verify your account by entering the code sent to your email address for confirmation.

    After that, you’re done! It’s as simple as that to register and create an account on LATOKEN.

    Conclusion

    LATOKEN is a cryptocurrency exchange platform that supports more than 250 cryptocurrencies and focuses on security. However, there have been numerous customer complaints about the platform, with some claiming that it is a scam and that they have experienced issues when withdrawing money or that their assets have simply disappeared with no response from customer support.

    Before making a decision on whether LATOKEN exchange is the right choice for you, it is important to consider all aspects of the platform.

  • ChainHop Token Airdrop Guide: LIVE NOW!

    ChainHop Token Airdrop Guide: LIVE NOW!

    ChainHop is a composable omnichain liquidity aggregation protocol that enables one-click, cross-chain swaps with the deepest liquidity and the best rate. The project has hinted at launching its own token. Early users who’ve used the platform to do cross-chain swaps may get an airdrop!

    ChainHop Airdrop Step-by-Step Guide

    Here’s how to receive a potential ChainHop token airdrop:

    1. Connect Your Wallet to ChainHop
    2. Perform Cross-Chain Swap

    See below for more in-depth details!

    What is ChainHop?

    ChainHop is an Open API that allows swapping tokens between different chains by using liquidity from various DEXes and bridges. It does this by leveraging cross-chain message passing, allowing the protocol to aggregate multi-chain liquidity sources. It also offers white label solutions for DEXes, NFT platforms and marketplaces, Wallets, GameFi projects, and much more.

    Over the past six months, ChainHop has been audited by leading blockchain security firms PeckShield and SlowMist.

    Partnership with Celer Network

    ChainHop has partnered with Celer Network to build inter-chain messaging. The ChainHop project has been drawing liquidity from the biggest DEXes in the crypto industry coming from 7 different blockchains: Ethereum, Polygon, BNB Chain, Fantom, Optimism, Avalanche, and Arbitrum. The partnership between ChainHop and Celer Network will enable developers to easily access the cross-chain liquidity protocol to build cross-chain DeFi, NFT marketplaces, IDO launchpad platforms, and more.

    Does ChainHop have a Token?

    ChainHop does not have a token at the moment. However, they have mentioned in their user document that they might launch one in the future. Additionally, early users of the protocol can potentially qualify for an airdrop.

    How to Get ChainHop Token Airdrop?

    The best chance to get the ChainHop Token Airdrop is to perform cross-chain swaps on their platform. Here’s a step-by-step guide:

    1. Connect Your Wallet to ChainHop

      Visit the ChainHop Exchange App and connect your MetaMask or other supported wallets. There are seven mainnet chains to choose from. Make sure you have enough funds to cover gas fees.

    2. Perform Cross-Chain Swap

      Select a source chain and the token you want to swap, then select a destination chain and the token you want to receive. Confirm the transaction and you’re done!

      You can also swap tokens within the same chain, but we recommend swapping on different chains. The more chains you interact with, the more on-chain evidence you generate that could qualify you for a potential ChainHop token 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: ChainHop does not have a token at the moment, but could launch one in the future. Early users can potentially qualify for an airdrop.

    Airdropped Token Allocation: There is no tokenomics yet.

    Airdrop Difficulty: All you have to do is swap tokens between different chains. Keep in mind that they are mainnets, which means you will need real money to swap and cover gas fees.

    Token Utility: There is no token yet.

    Token Lockup: There is no tokenomics yet.

  • Tribe3 Token Airdrop Guide: LIVE NOW!

    Tribe3 Token Airdrop Guide: LIVE NOW!

    Tribe3 testnet is currently live, which means users of the protocol can potentially qualify for an airdrop. In this article we will explain what Tribe3 is and what you can do to position yourself for the airdrop.

    You can use our referral code 9FPQI37 to sign up with their testnet!

    Tribe3 Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Tribe3 token airdrop:

    1. Connect Your Wallet to Goerli Test Network
    2. Claim GoerliETH from Faucet
    3. Get TETH on Tribe3
    4. Trade NFT Collections
    5. Avatar and Battle (Coming Soon)
    6. Refer your friends to earn Tribe3 points

    See below for more details.

    What is Tribe3?

    Tribe3 is an interactive NFT futures exchange that enables users to participate in gamified trading of NFT perpetual futures with leverage. In addition to trading, users can take part in NFT tribe battles against fellow community members, earning valuable in-game items that can be used to create unique and personalized NFT avatars.

    Unique Selling Point

    Tribe3 is trying to solve the issues of high transaction fees, unaffordable floor prices, and low liquidity in the NFT market by introducing NFT perpetual floor price futures with leverage. They are essentially building a trading platform for users to get price exposure to NFTs via futures without the need to own the underlying NFTs. Moreover, they want to make the experience fun for users by adding gamified and social elements.

    Who is the Team behind Tribe3?

    Tribe3 was founded by Leo, who previously worked in private equity investments at the EQT Group and leveraged finance at Citi. Their team consists of skilled professionals from finance and computer science backgrounds, based in Asia. Tribe3 is backed by well-known venture capital firms including The Spartan Group, Infinity Ventures Crypto (IVC), and Newman Capital.

    Does Tribe3 have a Token?

    Tribe3 has not officially announced a token launch or an airdrop yet. But, rumors on Crypto Twitter are speculating that it is very likely there will be. This is because a utility token is necessary to power a gaming ecosystem like Tribe3, and it can also help to reduce fees for trading. Additionally, Tribe3 has stated in their blog post that Tribe3 points will give users greater rewards later on such as token airdrops. This means Tribe3 will be doing multiple airdrops, so it is worth positioning yourself now.

    How to Receive Potential Tribe3 Airdrop?

    Time needed: 10 minutes

    The best way to receive a potential Tribe3 airdrop is to register and interact with their testnet. There are primarily three things which we can do on the platform: trading, battling, and building your own NFT avatar. These are on-chain activities that can potentially qualify you for the snapshot.

    1. Connect Your Wallet to Goerli Test Network

      Go to testnet.tribe3.xyz and connect your MetaMask wallet. Switch the network to the Goerli Test Network. At the top screen, you can use our referral code 9FPQI37

    2. Claim GoerliETH from Faucet

      To get testnet tokens on Tribe3, you will first need some GoerliETH for gas fees. Go to goerli-faucet.mudit.blog or goerlifaucet.com to claim some GoerliETH.

    3. Get TETH on Tribe3

      After obtaining some GoerliETH in your wallet, you can open your wallet details by clicking on the top right corner of the screen. There you will see “Get TETH” at the bottom, which is the testnet token on Tribe3. Click it and approve the transaction, and you will receive 20 TETH. Keep in mind you can only claim it once, as each user will only be entitled to receive a maximum of 20 TETH.

    4. Trade NFT Collections

      Go to “Trade” and select any NFT collection you would like to trade by clicking the dropdown menu “Switch Collection” to trade. You’ll see a chart that shows the collection’s floor price variations over a 1D, 1W or 1M timeframe.

      Afterwards, you can set up a long or short order with leverage. You can also adjust your collateral ratio located at the right tab, “Adjust Collateral.” The higher the collateral ratio, the lower the chance of your position being liquidated. Click on “Show Advanced Details” to see important information such as contract size, entry price, and liquidation price.

      Now, if you want to close your position, click on the middle tab, “Close.” You can adjust the slider to partially or completely close your position.

      You can check all your open positions at testnet.tribe3.xyz/dashboard. Also, they made a leaderboard to show the highest performing traders. Being at the top could potentially increase your airdrop chance and size!

    5. Avatar and Battle (Coming Soon)

      Both the Avatar and Battle features are coming soon, and they may also be possible airdrop criteria. Stay up to date on their Twitter or Discord channel for updates on their release!

    6. Refer your friends to earn Tribe3 points

      Earn Tribe3 points with the Tribe3 Referral Program. You will receive Tribe3 points when you first join Tribe3 with a referral code (You can use our referral code 9FPQI37), and when you invite friends and they become a Tribe3 user. Tribe3 points will be used for their “trade to earn” program. Also, Tribe3 points will play a crucial role in the project ecosystem through trading, NFT avatar, and battle. Having more Tribe3 points will also give you greater rewards later on. For example, future token airdrops and a Tribe3 NFT avatar.

    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: Tribe3 has not made any official announcement regarding a token launch or an airdrop yet. But it is very likely that they will conduct a token launch and a retroactive airdrop to gain traction, given the gamified ecosystem’s need for a utility token for transactions and the backing of multiple venture capital firms. They have also hinted that Tribe3 points will give you token airdrops later on. So expect the project to have multiple airdrops.

    Airdropped Token Allocation: There are no available tokenomics yet.

    Airdrop Difficulty: Trading on Tribe3 is very easy and almost risk-free. It uses TETH, which are testnet tokens, to trade NFT futures.

    Token Utility: Their token utility is unknown, but if there is a token, it is likely it will be used for battle rewards, to NFT Avatar upgrades, and transaction fee reduction.

    Token Lockup: There are no available tokenomics yet.

  • Polynomial Protocol $OP Token Airdrop Guide: LIVE NOW!

    Polynomial Protocol $OP Token Airdrop Guide: LIVE NOW!

    Polynomial Protocol is a decentralized derivative exchange powered by the Synthetix Protocol on Optimism. They have distributed Optimism ($OP) airdrops to active users in the past and could do so again. In this article, we will briefly explain what Polynomial Protocol is and what you can do to position yourself for the retroactive airdrop.

    What is Polynomial Protocol?

    Polynomial Protocol is built on top of Synthetix, with $SNX stakers serving as counterparties for transactions on Polynomial. By offering liquidity, $SNX stakers receive fees from the platform. Apart from trading, Polynomial offers two more products to make DeFi more accessible to users:

    1. Polynomial Earn Vaults: These are the first DeFi Options Vaults (DOV) that operate entirely on-chain by selling options directly to an Automated Market Maker (AMM).
    2. Polynomial Swap: This product streamlines the swapping process on Optimism, particularly for synthetic assets. Non-synthetic assets are routed through 1inch to ensure a seamless experience.

    Does Polynomial Protocol have a Token?

    Salman Naseer, founder of Polynomial Protocol, said in Discord that they are not planning a token launch at the moment. In the meantime, active users can only claim Optimism ($OP) tokens as rewards.

    How to Get Retroactive $OP Airdrop on Polynomial?

    The best chance to get another retroactive $OP airdrop is to interact with the Polynomial Trade, Earn, and Swap features. Here’s a step-by-step guide:

    1. Connect Your Wallet to Polynomial Protocol

      Connect your MetaMask or other supported wallets to the Polynomial Protocol trading app. The available networks are Optimism and Ethereum.

    2. Create Polynomial Smart Wallet

      After you connected your wallet, you will need to create a Polynomial smart contract wallet. For this part, you also need some ETH to cover gas fees.

    3. Deposit sUSD in Smart Wallet

      After creating your smart wallet, you will need to deposit at least $50 sUSD to start trading. You can use the swap feature to get sUSD.

      If you don’t have funds in Optimism, you can bridge your assets via the MetaMask bridge aggregator (this could also qualify you for the $MASK airdrop). You can also buy sUSD on KuCoin and transfer them to your Optimism wallet.

    4. Trade Perpetual Futures

      You can now trade perpetual futures on the platform. Polynomial has a detailed guide on how to open up standard orders or limit orders for long and short positions.

    5. Use Earn Vaults

      You can deposit sETH or sUSD to earn yields in the Polynomial Earn Vaults. It is important to note that these vault strategies are subject to market risks. Check out their earn documents to understand more.

    Airdrop Review

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

    Likelihood of Airdrop: There is no official announcement of the next retroactive $OP airdrop yet. But Polynomial is growing, so there is a good chance there will be another incentive for the community.

    Airdropped Token Allocation: The airdropped token allocation is unknown.

    Airdrop Difficulty: The trading platform offers a user-friendly interface and operates on the Optimism mainnet. As with any investment, it is advised to only use funds that one is prepared to risk.

    Token Utility: Polynomial has no plans to launch its own token yet.

    Token Lockup: Polynomial has no plans to launch its own token yet.

  • LimeWire ($LMWR) Token Airdrop Guide: LIVE NOW!

    LimeWire ($LMWR) Token Airdrop Guide: LIVE NOW!

    LimeWire is making a comeback under new ownership as a digital collectible marketplace focused on art and the music industry. In celebration of its comeback, LimeWire is launching a huge giveaway campaign featuring a $1,500,000 prize pool. To participate, join the official waitlist and invite friends for a chance to win up to 100,000 $LMWR tokens!

    Visit the LimeWire waitlist page and click on “Join Waitlist” before it ends on May 2nd!

    What is LimeWire?

    LimeWire was a popular peer-to-peer file-sharing platform in the 2000s, with over one-third of all computers globally having installed the program in 2007. It was primarily used for downloading and distributing pirated music, which led to its shutdown as a result of copyright infringement issues.

    LimeWire is now returning as an NFT marketplace deployed on Ethereum, and its comeback has also been featured on CoinTelegraph. The platform caters to the art and entertainment space, initially focused on music. Artists will earn the largest portion of income and maintain full autonomy, ownership, and authority over their creations. Moreover, LimeWire will provide the option for direct credit card transactions, removing the necessity for crypto wallets.

    $LMWR Token

    Token Utility

    The LimeWire Token ($LMWR) is an ERC-20 utility token central to the LimeWire ecosystem, offering users various perks and benefits in a loyalty-tier system. Users can pay with $LMWR for discounts, tipping creators, and accessing exclusive content. (https://vallartainfo.com) Creators can earn in USD or $LMWR for a larger revenue share, and both users and creators can receive activity rewards.

    $LMWR also enables governance, with holders having voting rights and participating in the LimeWire Foundation’s decisions. Royalty distribution from pay-per-view revenues is also done in $LMWR tokens.

    Tokenomics

    The total supply of $LMWR tokens is fixed at 1 billion. 43% of the total supply will be distributed to the community, including a 1 million $LMWR allocation to be awarded evenly to all LimeWire Original NFT holders.

    How to Get the $LMWR Airdrop?

    The top 4,000 referrers are eligible for the $LMWR airdrop, with the prize value distributed as follows:

    • Top referrer gets 100,000 $LMWR (USD $30,000)
    • Referrers ranked 2 to 6 each get 50,000 $LMWR (USD $15,000)
    • Referrers ranked 7 to 4000 each get 100 $LMWR (USD $30) and one LimeWire Original NFT (USD $750)

    Visit the LimeWire waitlist page and click on “Join Waitlist”. Enter your email and verify it in your inbox. You can now share your unique referral link with friends to improve your rank!

    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: LimeWire has confirmed airdropping $LMWR tokens. It will take place on May 2nd.

    Airdropped Token Allocation: $1.5 million worth of $LMWR tokens will be distributed to the top 4,000 referrers.

    Airdrop Difficulty: Simply visit the LimeWire waitlist page and click on “Join Waitlist”.

    Token Utility: The LimeWire Token ($LMWR) is an ERC-20 utility token offering users perks and benefits within the LimeWire ecosystem, facilitating payments, earnings, activity rewards, governance, and royalty distribution for both users and creators.

    Token Lockup: Community pre-sale has no lockup and a 3-month linear release. Public Sale Option I has a 6-month lockup and a 6-month linear release, while Public Sale Option II has no lockup or vesting period.

  • ParaSpace Token Airdrop Guide: LIVE NOW!

    ParaSpace Token Airdrop Guide: LIVE NOW!

    ParaSpace recently introduced an incentive program in which users’ actions and activities earn points that can be redeemed for ParaSpace governance tokens through an airdrop when the token launches. Moreover, users have the opportunity to receive a 300% boost in points accumulation until June 30, 2023. In this article, we will explain what ParaSpace is and what you can do position yourself for the airdrop.

    ParaSpace Airdrop Step-by-Step Guide

    1. Connect Wallet to ParaSpace App
    2. Supply ERC-20 or ERC-721 Tokens to ParaSpace
    3. Liquidate NFTs
    4. Borrow ERC-20 Tokens
    5. Stake ApeCoins ($APE) in Auto Compound Pool
    6. Stake NFTs in Auto Compound Pool
    7. Use Share Staking Pool
    8. Buy NFT with Credit

    More in-depth details can be found below!

    What is ParaSpace?

    ParaSpace is a cross-margin NFT lending protocol that enables users to borrow ETH, stablecoins, and supported ERC-20 tokens against various crypto assets such as blue-chip NFTs, ERC-20 tokens, and Uniswap V3 LPs. The platform allows NFT owners to lend and borrow ERC-20 tokens against a diverse array of non-fungible investments, while ERC-20 holders can earn yields through lending against NFTs.

    According to DefiLlama, ParaSpace is the second largest NFT lending protocol in total value locked ($100.5 million) at the time of writing. It is also the sister company of Parallel Finance ($PARA), and both platforms have been audited by some of the top smart contract security firms such as Certik, Trail of Bits, and Veridise.

    Does ParaSpace have a Token?

    ParaSpace does not have a token yet, but has confirmed that it will launch a governance token in the future. Token holders will be a part of the platform’s decentralized autonomous organization (DAO).

    How to Get ParaSpace Token Airdrop?

    ParaSpace recently announced an incentive program where users’ actions and activities are rewarded with points that will be redeemed for ParaSpace governance token via airdrop when the token launches. Additionally, users can enjoy a 300% boost for earning points until 30th June, 2023. Here’s a step-by-step guide:

    1. Connect Wallet to ParaSpace App

      Connect your MetaMask or other supported wallets to app.para.space. The network is Ethereum Mainnet. You will need ERC-20 tokens or ERC-721 (NFTs) to interact with the protocol. Make sure you have enough ETH to cover gas fees.

    2. Supply ERC-20 or ERC-721 Tokens to ParaSpace

      If you own any blue-chip NFTs such as Bored Apes or CryptoPunks, you can supply them to the protocol to earn yields. Click the “supply” button on the main page.

      Similarly, you can also lend out ERC-20 tokens to earn yields.

    3. Liquidate NFTs

      You can perform liquidations for both the user account and tokens held within the account in the Liquidation section.

    4. Borrow ERC-20 Tokens

      You can borrow ERC-20 tokens from the protocol, but you will first need to supply NFTs or ERC-20 tokens as collateral.

    5. Stake ApeCoins ($APE) in Auto Compound Pool

      You can stake your $APE in the ParaSpace ApeCoin Pool to earn high APY rewards. You can also borrow $APE to stake if you don’t have any.

    6. Stake NFTs in Auto Compound Pool

      For NFT owners with or without ApeCoins, you can stake your NFTs in the NFT Staking Pools to earn $APE.

    7. Use Share Staking Pool

      You can create $APE listings or NFT listings for the Share Staking Pool. This allows you to find other users to match with your assets for staking purposes and share the APY rewards.

    8. Buy NFT with Credit

      You can also buy listed NFT collections with ETH in the ParaSpace marketplace.

    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: ParaSpace has confirmed users’ actions and activities will be rewarded with points that will be redeemed for ParaSpace tokens via airdrop when the token launches. Additionally, users can enjoy a 300% boost for earning points until 30th June, 2023.

    Airdropped Token Allocation: ParaSpace is still designing its tokenomics for long-term sustainability.

    Airdrop Difficulty: It is recommended to engage in this activity only if you have experience borrowing and lending Ethereum NFTs. You will need ERC-20 tokens or ERC-721 (NFTs) to interact with the protocol. You will also need some ETH to cover gas fees.

    Token Utility: The ParaSpace token will be used for governance of the lending protocol.

    Token Lockup: Details of token lockup period is not yet available.

  • SoonSwap ($SOON) Token Airdrop Guide: Ends 31 March!

    SoonSwap ($SOON) Token Airdrop Guide: Ends 31 March!

    SoonSwap is giving away 2.1 million $SOON tokens in airdrop rewards. To qualify, you will need to sign up and complete simple tasks by 31st March 2023. In this article, we will explain what SoonSwap is and what you can do to position yourself for the airdrop.

    SoonSwap ($SOON) Airdrop Step-by-step Guide

    Here’s how to receive a potential SoonSwap ($SOON) airdrop:

    1. Follow and retweet SoonSwap on Twitter.
    2. Join SoonSwap Discord.
    3. Join SoonSwap Telegram.
    4. Link your ERC20 wallet address.
    5. Get extra entries with a referral link.

    See below for more details

    What is SoonSwap?

    SoonSwap is an Ethereum-based NFT marketplace that operates on a decentralized automated market maker (AMM) system. The platform combines an order book matching mechanism with an AMM liquidity pool to enhance pricing discovery mechanisms and simplify NFT asset trading. With SoonSwap, NFTs can be traded more efficiently and at better prices, promoting increased accessibility and liquidity for users.

    The platform also offers users the ability to exchange NFTs for tokens and vice versa, while also providing a passive income opportunity to users and community members through farming actively adding liquidity to the AMM LP pools.

    Does SoonSwap have a Token?

    Yes, SoonSwap confirmed in its document that there will be a $SOON token. It serves as a certificate for community participation in governance, allowing holders to vote on proposals, allocate liquidity incentives, and initiate upgrade proposals. (sweet-factory)

    According to the tokenomics, the total supply of $SOON is 1 billion tokens, and 2% of it is allocated to early adopters as airdrop rewards.

    How to Receive $SOON Airdrop?

    Sign up on SoonSwap Airdrop Gleam page and complete the following tasks to earn entries for the airdrop reward:

    1. Follow and retweet SoonSwap on Twitter.
    2. Join SoonSwap Discord.
    3. Join SoonSwap Telegram.
    4. Link your ERC20 wallet address.
    5. Get extra entries with referral link.

    The higher entries you have, the more likely you will receive the airdrop. SoonSwap confirmed that the top 7,000 participants will be rewarded with $SOON.

    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: SoonSwap is airdropping 2.1 million $SOON tokens to participants who signed up for the Gleam page before 31st March 2023.

    Airdropped Token Allocation: 2% of the total $SOON supply (1 billion) is allocated to airdrops.

    Airdrop Difficulty: The tasks on the Gleam page are very easy to complete.

    Token Utility: $SOON serves as a certificate for community participation in governance, allowing holders to vote on proposals, allocate liquidity incentives, and initiate upgrade proposals.

    Token Lockup: 50% at TGE and 50% after 3 months’ cliff.

  • Rage Trade Token Airdrop Guide: 3 Airdrops for the Price of 1?

    Rage Trade Token Airdrop Guide: 3 Airdrops for the Price of 1?

    Rage Trade is a double-legged trading protocol that offers a perpetual ETH swap and a USDC yield-farming product built on Arbitrum and LayerZero. Rage Trade, LayerZero, and Arbitrum have not launched their respective tokens yet or announced any airdrop. However, there is speculation that preparing for a potential Rage Trade airdrop may make you eligible for the Arbitrum or LayerZero airdrops as well. In this article, we look at how to get a potential Rage Trade token airdrop and potentially get 3 airdrops at once!

    Increase your chances of getting all potential 3 airdrops with our Arbitrum token airdrop guide and LayerZero ($ZRO) token airdrop guide.

    Rage Trade Token Airdrop Step-by-step Guide

    Here’s how to get a potential Rage Trade airdrop:

    1. Trade on Rage Trade
    2. Deposit and stake into the Rage Trade vaults
    3. Join and contribute to the Rage Trade community

    See below for more details

    What is Rage Trade?

    Rage Trade is a yield and perpetual protocol built on Arbitrum and LayerZero that provides users with a liquid, composable, and omnichain ETH perp with 10x leverage. The protocol also offers recycled liquidity and yield-generating 80-20 Vaults. Rage Trade is designed to provide users with a secure and efficient way to trade Ethereum-based assets. Rage Trade has a huge list of investors and advisors including Olympus DAO, The Block, Anthony Pompliano and others.

    Does Rage Trade have a token?

    Rage Trade does not have a token yet, but it is widely speculated that it will have the ticker symbol $RAGE. Also, with the massive backing by top crypto investment funds and angel investors, it is likely that Rage Trade would do an airdrop so as to gain more attention to the project.

    How to get a potential Rage Trade/ Layer Zero/ Arbitrum token airdrop?

    Rage Trade is built on both Arbitrum and LayerZero and all three projects have not launched their respective tokens yet or announced any airdrops. So there are rumours that getting a potential Rage Trade airdrop may qualify you for the Arbitrum or LayerZero airdrops as well. The best thing is that Rage Trade has promised they will pass down any airdrops they may receive from their integrated protocols to their stakers. Here’s how you can get potential Rage Trade, Layer Zero and Arbitrum airdrops:

    1. Trade on Rage Trade
    2. Deposit and stake into the Rage Trade vaults
    3. Join and contribute to the Rage Trade community

    Trade on Rage Trade

    To trade on the Rage Trade platform, launch their app (here) and connect your wallet to the Arbitrum network. Deposit some USDC (a 20 USDC minimum deposit is required). Then, start trading. For now, only the ETH-USDC trading air is available and you can choose to buy Long or Short positions.

    Trade on Rage Trade
    Trade on Rage Trade (Source: Rage Trade)

    Deposit and stake into the Rage Trade vaults

    Rage trade currently has a Risk-On Delta Neutral GLP vault. Users can deposit SGLP / USDC to earn stable yield on GLP. This is an almost guaranteed way to get a potential airdrop since they stated in their recent tweet that they will pass down any airdrops they may receive from integrated protocols to stakers. To stake on Rage Trade, go to “vaults”, deposit SGLP and approve the transaction. But hurry! This vault is almost full!

    Stake on Rage Trade vaults
    Stake on Rage Trade vaults

    Join and contribute to the Rage Trade Community

    Follow Rage Trade on Twitter and join their Guild. To join the Guild, you will need to connect your wallet, Discord, and Twitter. On the Rage Trade Guild, you can complete tasks to get additional tasks. For example, owning a GMX Blueberry Club or Diamond Pepes NFT, holding specific roles on their Discord, or having a minimum number of TCS, DN_GMX_SENIOR or DN_GMX_JUNIOR tokens.

    Rage Trade 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: Rage Trade has not confirmed any airdrops yet.

    Airdropped Token Allocation: The tokenomics of the Rage Trade token are unknown.

    Airdrop Difficulty: There is no announcement on Rage Trade airdrops or its eligibility yet. However, we find having a 20 USDC minimum deposit to use their exchange to be quite high. Provigil Completing the tasks on the Rage Trade Guild will also require you to buy tokens or NFTs which are not cheap. For example, the cheapest GMX Blueberry Club NFT cost 0.28 ETH on OpenSea.

    Token Utility: The Rage Trade token utility is unknown.

    Token Lockup: The Rage Trade token lockup period is unknown.

  • Script Network ($SCPT + $SPAY) Token Airdrop Guide: LIVE NOW!

    Script Network ($SCPT + $SPAY) Token Airdrop Guide: LIVE NOW!

    The Script Network testnet just went live, and you can earn points from completing simple tasks, which directly correspond to your token rewards. In this article, we will explain what Script Network is and what you can do to position yourself for the airdrop.

    You can use our referral code 9GYApp1S3I to sign up for their testnet!

    Script Network ($SCPT + $SPAY) Airdrop Step-by-step Guide

    Here’s how to get a potential Script Network airdrop:

    1. Sign up for Script Network
    2. Interact with Script Network
    3. Create a wallet.
    4. Request $SPAY and $SCPT tokens from faucet.
    5. Stake tokens
    6. Transfer tokens between wallets
    7. Complete tasks on Crew3

    See below for more details

    What is Script Network?

    Script Network, also known as Script TV, is a decentralized streaming platform powered by their own layer-1 protocol, Script Blockchain. It aims to solve some of the problems the current streaming industry is facing. Apart from video streaming services, the system provides incentives for decentralized bandwidth and content-sharing, all at a more affordable rate than conventional service providers. Moreover, users can earn tokens (i.e. $SPAY) and other rewards from watching content, hence their watch-to-earn economy model.

    Script Blockchain

    Script Blockchain is a specialized blockchain designed to relay video and data. Its unique multi-BFT consensus design includes Validator Nodes and Lightning Nodes that propose and verify new blocks. The blockchain also supports Turing-complete smart contracts, allowing for new user experiences and attribution models for DApps.

    With smart contracts, users can enjoy digitized item ownership, innovative payment models, and trustless crowdfunding mechanisms. As a result, community members can host and relay live stream video data globally. The network is run by thousands of community members, eliminating the need for a single central server or service.

    Who is the Team behind Script Network?

    Abiel Alazar and Akeem Ouko are the co-founders of Script Network, which has a team of team skilled professionals with previous work experience at Sony, HBO, Spotify, EA, PayPal, Nike, and Adidas. They’re backed by some of the prominent Web3 organizations including Chainlink, NFTrade, Poolz, and Gate.io.

    Does Script Network have a Token?

    Yes, in fact, Script Network uses a dual token system — $SCPT and $SPAY:

    • $SCPT is the governance token used to manage the network and content through a decentralized autonomous organization (DAO), with a fixed supply of 1 billion tokens. It can also be used as payment for advertising and earned by running a node. Furthermore, users can stake $SCPT to receive crypto and NFT rewards.
    $SPCT token utility
    $SPCT token utility (Image source: Medium)
    • $SPAY is the operational token that is used for serves as a means of rewards, transactions, and upgrading ScriptGLASS, which is the required NFT for watch-to-earn. Unlike $SCPT, $SPAY has a token supply of 5 billion with a 7%-9% yearly inflation. Its primary function is to facilitate all transactions on the blockchain, including payment for sharing a video stream, interacting with smart contracts, and NFT transaction fees, among others.
    $SPAY token utility
    $SPAY token utility (Image source: Medium)

    How to Receive $SPAY Airdrop?

    Script Network has confirmed airdropping 10% of the total $SCPT supply and 7.5% of the initial $SPAY supply to the community. Here’s how to potentially get a $SPAY airdrop:

    1. Sign up for Script Network
    2. Interact with Script Network
    3. Create a wallet.
    4. Request $SPAY and $SCPT tokens from faucet.
    5. Stake tokens
    6. Transfer tokens between wallets
    7. Complete tasks on Crew3

    Sign up for Script Network

    Go to token.script.tv/tv and click “sign in/sign up.” Connect your wallet such as MetaMask, and then sign up with your email. You can use our referral code 9GYApp1S3I.

    Interact with Script Network

    Once you have logged into Script Network, you’ll see all the channel and program schedules as you scroll down. You can select any video to watch, and there is a live chat room as well!

    Go to token.script.tv/dashboard to see your account analytics. You can see your rewards and referral code here. There are also other features on the DApp, but they aren’t open currently.

    As of now, there are four ways to earn points for the airdrop:

    1. Log in every day.
    2. Watch at least one video every day.
    3. Talk on the live chat.
    4. Invite friends with a referral code.

    Create a wallet

    To qualify, you need to sign up at the Script Network website here. To create a new wallet click “Create a Wallet” at the bottom of the page. Then you will be required to set up a password, tick the disclaimer, and download keystone onto your device. Afterward, copy down the 12-word recovery phrase and keep it safe. Finally, unlock your wallet to continue.

    Script Network wallet
    Script Network wallet

    Request $SPAY and $SCPT tokens from faucet

    To request $SPAY tokens, go to “Receive” in your wallet and “Faucet”. Afterward, you will be automatically logged out and asked to re-login. This is for security reasons. You will receive your testnet $SPAY tokens within 10–15 minutes.

    To request $SCPT tokens, you will need to type in your Script Native wallet address in their #scpt-token-faucet Discord channel. You will receive your testnet $SCPT tokens within 24 hours.

    Stake tokens

    Note this option is only available to those who are running a test edge, lightning or validator node.

    Transfer tokens between wallets

    To transfer tokens, go to “Send” in your Script wallet. Choose which token ($SPAY or $SCPT) you wish to send, the destination address and the amount. Then hit “Send” and confirm the transaction with your wallet password.

    Complete tasks on Crew3

    Script Network has a Crew3 Questboard where users can complete tasks in order to earn XP points. Tasks include signing up to Script Network, joining and participating in their social media channels etc. The team has confirmed on their Discord channel that the XP rewards earned on Crew3 may be converted to rewards and used as the snapshot for the leaderboards. To participate in the Script Network Crew3, go to their Crew3 Questboard, connect your wallet, and complete the tasks.

    Script Network Crew3
    Script Network Crew3

    Script Network 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: Script Network has confirmed a $SCPT and $SPAY airdrop to the community.

    Airdropped Token Allocation: 10% of the total $SCPT supply and 7.5% of the initial $SPAY supply will be airdropped.

    Airdrop Difficulty: The four tasks are very easy to complete, just make sure to do them every day.

    Token Utility: $SCPT is the governance token used to manage the network and content display, whereas $SPAY will be the operational token for transaction fees, rewards, and upgrading the ScriptGLASS NFT.

    Token Lockup: The issuance of $SCPT tokens will follow a strict vesting schedule, indicating that Validators agree not to trade tokens during the initial six months and instead contribute them to the staking pool during this timeframe to facilitate the network’s functioning.

  • Spin ($SPIN) Token Airdrop Guide: How to get a second airdrop?

    Spin ($SPIN) Token Airdrop Guide: How to get a second airdrop?

    Spin is a decentralized crypto trading platform built on NEAR Protocol. It offers users a secure, fast, transparent, and cost-effective way to trade in digital assets. Their user experience is designed to be competitive with centralized exchanges, while still providing the benefits of decentralization. Spin has already completed its first airdrop in December 2022 and was a huge success. Don’t worry if you missed out on their first airdrop because Spin is now in the final countdown for its second (bigger) airdrop, and a snapshot will be taken soon. Here’s our guide on how you can get the second Spin token airdrop.

    Spin ($SPIN) Airdrop Step-by-step Guide

     Spin has successfully completed its first airdrop in December 2022. Here’s how to get the second $SPIN token airdrop:

    1. Use Spin mainnet.
    2. Participate in the Spin community.
    3. Own Spin NFTs.

    See below for more details.

    What is Spin?

    Spin is a decentralized trading platform built on NEAR Protocol. It provides users with a range of products and services designed to meet the needs of both novice and experienced traders, DeFi investors, and those seeking passive income. Spin combines the best of CeFi and DeFi to create an advanced 360° trading platform that offers a user experience comparable to that of a centralized exchange, without compromising on security, speed, transparency, or trading costs. Their features include spot trading, instant swaps, and perpetual features. They will also be launching their Automated Investment Products (AIPs) soon.

    What is the Spin token?

    Spin has a native token known as $SPIN and is a utility and governance token. Utilities of the $SPIN token include:

    • Staking $SPIN can entitle you to 50% of the platform’s fees.
    • Trading actively on Spin can get you $SPIN token incentives as a reward.
    • Market makers receive $SPIN according to the amount of liquidity they provide, the spreads, and their uptime.
    • Vault users can receive rewards for depositing in Vaults (e.g. options premiums) and $SPIN tokens.

    $SPIN has a total token supply of 1 billion tokens, of which 2.0% of the total token supply (i.e. 20 million $SPIN) will be allocated towards airdrops. Of this, 0.5% i.e. 5 million $SPIN have already been distributed in their first airdrop. So the second larger is going to be 3 times the size of the first!

    How to receive $SPIN airdrop?

    Spin has already done a first airdrop in December 2022. During this airdrop, 0.5% of the total token supply (i.e. 5 million $SPIN), were allocated to the Early Adopters’ Airdrop.

    Spin confirmed they will have a final $SPIN token airdrop for not-so-early users before their token launch, and which activities will qualify. 1.5% of the total $SPIN token supply (i.e. 15 million $SPIN), will be distributed in this airdrop. But, the vesting period will be stricter and longer. Here’s how to get the second $SPIN token airdrop:

    1. Use Spin mainnet.
    2. Participate in the Spin community.
    3. Own Spin NFTs.

    Use Spin mainnet

    Spin’s mainnet has already been launched and all activities on it will count towards the second airdrop. Their protocol offers spot, perpetuals trading, and decentralized option vaults (DOV). To use Spin’s mainnet, go to their website and click “Trade on Spin”. Then, connect your wallet. You can then trade on their perpetual markets, spot markets and swaps. They also have a “Strategies” feature which allows users to choose a strategy to deposit funds. These Strategies will then start to generate income from option premiums. This is by running a weekly automated covered call strategy. Note however that this is Spin’s mainnet, so you will be using your own funds to trade.

    Earn yield with Spin's Strategies
    Earn yield with Spin’s Strategies

    Participate in the Spin community

    Be an active participant in the Spin community by following their Twitter, and joining their Discord and Telegram. You can also go to Spin’s Crew3 questboard to complete their quests. However, this is only available for those who have the Spinosaur role on Discord.

    Own Spin NFTs

    Spin has released its own set of Freaky Elves NFTs. Owning a Freaky Elf NFT gives you the following perks:

    • Guaranteed and priority access to the SPIN IDO (Initial DEX Offering).
    • Access to premium product features on Spin. Such as fee discounts, early access to alpha features, special avatars, etc.
    • Get special Discord roles and private chat access with other NFT holders.

    All Freaky Elf NFTs have been minted. However, you can buy them from NFT marketplaces such as Para.

    How to claim Spin token airdrop?

    As mentioned, Spin has already done a first token airdrop where 0.5% of the total $SPIN supply (i.e. 5 million $SPIN) was airdropped to users. These airdropped $SPIN tokens are required to be locked up for 3 months after the public token sale. To claim your first Spin token airdrop, go to their Airdrop Page and connect your wallet.

    Spin airdrop claim page
    Spin airdrop claim page (Image source: Spin)

    Spin 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: Spin has done a successful airdrop before and confirmed they will do a second one soon.

    Airdropped Token Allocation: 1.5% of the token supply (i.e. 15 million $SPIN), will be distributed in this airdrop.

    Airdrop Difficulty: Participating in this airdrop is going to be difficult. Users will have to be active on the Spin mainnet, and although they have different products to choose from (e.g. spot or perpetual trading), it does require users to use their own funds. Spin has also confirmed that holding its Freaky Elves NFT may entitle you to airdrops, but these have all been minted already. So you will need to buy them from NFT marketplaces.

    Token Utility: $SPIN and is a utility and governance token. $SPIN is also distributed as a reward for various activities on the protocol.

    Token Lockup: Those who received the first $SPIN airdrop are locked up for 3 months after the public token sale. The team has said that the lockup for the second $SPIN token airdrop will be “stricter and longer”, but it is unknown how long it will actually be.

  • Quasar ($QSR) Token Airdrop Guide: LIVE NOW!

    Quasar ($QSR) Token Airdrop Guide: LIVE NOW!

    Quasar is set to launch its mainnet on 23rd March 2023. Its $QSR token launch is confirmed and users of the current testnet can qualify for the airdrop. In this article, we will explain what Quasar is and what you can do to position for the airdrop.

    Quasar ($QSR) Airdrop Step-by-step Guide

    Here’s how to receive a potential Quasar ($QSR) token airdrop:

    1. Connect Keplr Wallet to Quasar Testnet
    2. Claim Testnet Tokens from Faucet
    3. Bond Testnet Tokens to the Orion Vault

    See below for more details

    What is Quasar?

    Quasar is a specialized capital management blockchain within the Cosmos ecosystem, set to launch its first product: an IBC-integrated, multi-vault strategic investment platform. This development fills a gap in the Cosmos ecosystem, which currently lacks a vault protocol. By utilizing Quasar, users can access yields from every IBC-compatible blockchain.

    With Quasar, liquidity providers (LPs) can select a vault for depositing their tokens via single-sided asset staking, receiving enhanced yield returns compared to depositing LP tokens in traditional liquidity pools. Each Quasar vault embodies a distinct strategy executed through an automated workflow. Vaults will cover various services, such as generating yields and offering collateralized loans, while also extending their focus to other ecosystems and blockchain networks.

    Project Funding

    In February 2023, Quasar successfully raised $6 million in a seed funding round led by prominent investment firms Polychain Capital and Blockchain Capital, with participation from some of the top builders and investors in the Cosmos ecosystem such as Figment, Lightshift Capital, Galileo, Binary, HashCIB, Sunny Aggarwal of Osmosis and Evra, the founding team behind Evmos.

    What is the Quasar ($QSR) token?

    Yes, Quasar confirmed in its document that they are launching the $QSR native token for the Quasar chain. It will be used for proof-of-stake security via Tendermint Consensus Algorithm. Additionally, $QSR enables full self-governance, granting the community decentralized autonomous organization (DAO) authority to shape the future direction of vault strategies and the treasury. Transaction fees on Quasar will also be paid in $QSR.

    How to Receive $QSR Airdrop?

    Quasar has hinted in their Discord channel that they may be doing an airdrop. In particular, the airdrop will reward testnet participants. Here’s how to receive a potential $QSR airdrop:

    Interact with the Quasar Public Testnet to be eligible for the $QSR airdrop in the future. Here’s a step-by-step guide:

    1. Connect Keplr Wallet to Quasar Testnet

      Go to testnet.quasar.fi and connect your Keplr wallet. Switch the network to Quasar Testnet.

    2. Claim Testnet Tokens from Faucet

      You can claim $QSR, $OSMO, and $AYY test tokens at stakely.io/en/faucet/quasar-testnet.

    3. Bond Testnet Tokens to the Orion Vault

      Once you have your test tokens, click on “Explore Vault”. Then, bond your assets and approve the deposit.

      This action locks your tokens within the Vault, and you’ll receive proportional shares as CW-20 tokens unique to that vault. Once your assets reach the Osmosis Testnet chain, they will be automatically distributed into yield-generating AMM pools. You can monitor the progress of the liquidity provider strategy through the vault data dashboard.

    4. Submit Bug Report

      If you found any bug, submit your wallet address at the Quasar Testnet Form. They might send you some $ATOM if the bug report is new to them.

    5. Become a Validator on Questnet

      You can also join the Quasar Testnet as a validator if you already have Quasar binary running and your node is fully synced. Visit their guide for more details.

    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: Quasar confirmed it will airdrop $QSR to testnet users.

    Airdropped Token Allocation: They have not disclosed their tokenomics yet.

    Airdrop Difficulty: The tasks are very easy to complete. Simply connect your Keplr wallet and bond your testnet tokens to the Orion Vault.

    Token Utility: $QSR will be utilized for proof-of-stake security through the Tendermint Consensus Algorithm while enabling full self-governance, allowing the community DAO authority to steer vault strategies and treasury management.

    Token Lockup: TBD

  • Thala Labs ($THL) Token Airdrop Guide: CONFIRMED!

    Thala Labs ($THL) Token Airdrop Guide: CONFIRMED!

    Thala Labs is a decentralized finance (DeFi) protocol that is building a yield-bearing stablecoin and a liquidity provisioning layer on Aptos. Thala is currently in testnet phase, and will eventually release its $THL token and airdrop. In this article, we provide the ultimate Thala Labs ($THL) token airdrop guide so you can be in the best position to maximize any potential airdrop.

    Thala Labs ($THL) Airdrop Step-by-step Guide

    Here’s how to receive a potential Thala Labs ($THL) token airdrop:

    1. Go to Thala and connect your wallet.
    2. Get testnet APT tokens.
    3. Create a vault
    4. Deposit $MOD to the stability pool
    5. Redeem $MOD for $APT
    6. Add to liquidity pools
    7. Submit bug reports
    8. Collect an exclusive Thala NFT

    See below for more details

    What is Thala Labs?

    Thala is a decentralized finance (DeFi) protocol that operates on the Aptos blockchain. In its most recent funding round, Thala raised US$6 million in a seed round co-led by Shima Capital, White Star Capital and Parafi Capital. Thala offers two main products: Move Dollar and Thala Swap.

    Move Dollar (MOD) is a decentralized, censorship-resistant stablecoin designed to facilitate transactions, interactions, and other activities within the Aptos DeFi ecosystem. It is backed by a basket of on-chain assets, including liquid-staked derivatives, liquidity pool tokens, deposit receipt tokens, and RWAs. Hence it provides users with a store of value, a medium of exchange, and a unit of account. MOD also offers users the opportunity to earn yield on their investments.

    Meanwhile, Thala Swap is an automated market maker that enables users to create dynamic pool weightings. This protocol supports a variety of pools, such as weighted pools, stable pools, and liquidity bootstrapping pools. Thala Swap unlocks additional use cases for MOD tokens and provides deep, long-term liquidity. Additionally, Thala’s launchpad provides a secure and equitable way of distributing tokens for projects and market participants.

    What is the Thala Labs ($THL) token?

    THL is the token of Thala Labs- it is a governance token that is native to Aptos. The THL token allows holders to vote on proposals and make decisions about the future of the protocol. Through Thala Improvement Proposals (TIPs), token holders can initiate proposals, vote on issues, and suggest changes to protocol parameters. This allows holders to have a say in the direction of the protocol and transition it to a DAO model.

    Will there be a Thala Labs ($THL) token airdrop?

    According to Thala’s Documentation, there will be a total supply of 100 million THL tokens. 35 million $THL (35%) is allocated to incentivize people to use the protocol and Thala’s other future products. It is worth noting that in their tokenomics, they specifically mention airdrops in their $THL emissions schedule and total circulating supply graphs. From these graphs, we can see that around 8.3 million $THL will be distributed via airdrops and that this will all be distributed within the first year of their Token Generation Event (TGE).

    $THL emissions schedule and total circulating supply
    $THL emissions schedule and total circulating supply (Image Source: Thala Documentation)

    With the amount of funding that the project has raised, and the success of the Aptos airdrop in the past, it is highly likely that Thala will also do an airdrop in order to attract even more users onto their platform.

    How to get a potential Thala Labs ($THL) token airdrop?

    Thala Labs has recently launched Thala Swap on testnet for the general public to try out. It is hoped that using Thala Swap would make you eligible for any potential airdrop. Here’s how to get a potential Thala Labs ($THL) token airdrop:

    1. Go to Thala and connect your wallet.
    2. Get testnet APT tokens.
    3. Create a vault
    4. Deposit $MOD to the stability pool
    5. Redeem $MOD for $APT
    6. Add to liquidity pools
    7. Submit bug reports
    8. Collect an exclusive Thala NFT

    Connect your wallet to Thala

    Go to Thala and connect your wallet. Thala currently supports Martian, Pontem and Petra wallets. Note you will need to change to Aptos Testnet to connect to the site.

    Thala platform
    Thala platform

    Get testnet APT tokens

    Get testnet APT tokens on Thala by clicking “Faucet”, and “Collect to claim”. Then, choose your wallet and then click “approve”. You can also get APT directly from your wallet (we used Martian wallet). To do this, click “Airdrop”. Then, connect your wallet to Apotos Labs, verify the transactions on your Martian wallet, and click “Activate faucet”. You will then receive 1 APT in your wallet, but you can click “Activate faucet” multiple times to get more APT tokens.

    Create a vault

    Go to the “Vaults” tab and click “Create vault”. To create a vault, you will need to deposit $APT tokens and borrow $MOD. Note you will need to borrow at least 500 $MOD, meaning that you must deposit at least 70 $APT.

    Deposit $MOD to the stability pool

    Click on the “Stability pool” tab, choose the amount of $MOD you wish to deposit, and click “Deposit”.

    Redeem $MOD for $APT

    Click on the “Redeem” tab, choose the amount of $MOD you want to redeem, and click “Redeem”. Note you will need to pay a redemption fee.

    Add to liquidity pools

    Click on the “Liquidity pools” tab, choose which pool you wish to add liquidity to, then click “deposit”. Select the number of tokens you wish to add then click “Add liquidity”.

    Submit bug reports

    If you find a bug on the Thala platform, report it! Developers reward this! To do this, go on Thala’s Discord channel and submit a report there.

    Collect an exclusive Thala NFT

    To collect an exclusive Thala NFT, go to Thala’s Galxe campaign page and complete the 10 tasks to receive an OAT NFT. Tasks include liking and retweeting Thala’s tweets, using ThalaSwap, and joining their Discord etc.

    Thala Labs ($THL) 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: Thala Labs have confirmed they will have a $THL token and will be doing an airdrop. However, the team has not released details of the future airdrops yet.

    Airdropped Token Allocation: We can see from their documentation that around 8.3 million $THL tokens will be allocated towards airdrops. Also, any airdrops will be within the first year of their TGE.

    Airdrop Difficulty: As they are still in testnet stage, interacting with the protocol is free. So if they do an airdrop to reward early testers of the platform, you could potentially get an airdrop for free!

    Token Utility: The $THL token will be used for governance.

    Token Lockup: There are no details on the airdropped token lockup yet.