Increment Finance ($INCR) token airdrop guide

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

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

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

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

See below for more details.

What is Increment Finance?

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

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

Features of Increment Finance

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

What is the Increment Finance ($INCR) token?

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

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

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

What is the status of Increment Finance?

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

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

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

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

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

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

Increment Finance ($INCR) airdrop review

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

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

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

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

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

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

REVIEW OVERVIEW
Likelihood of Airdrop
Airdropped Token Allocation
Airdrop Difficulty
Token Utility
Token Lockup
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Angela Wang
Angela loves cryptocurrency, technology that improves our lives...and food. Anything that merges these worlds together is even better.
increment-finance-token-airdropIncrement Finance has not announced an $INCR token airdrop yet. However, it has been confirmed there will be 3 community distributions of the $INCR token. How the first phase of the community distributions will be made to past contributors. So here's hoping the issue of airdrops would be specifically discussed soon.