Li.Fi is a bridge aggregator which can also connect with decentralized exchanges (DEXs). Their main feature is a widget that provides plug ‘n’ play cross-chain support. Li.Fi also hasn’t released a token yet, but it is highly speculated they will do so. And this may mean the possibility of a potential Li.Fi token airdrop. In this article, we provide the ultimate guide on how you can best position yourself for a potential Li.Fi token airdrop.
Li.Fi Lizard ($LZRD) token airdrop step-by-step guide
Here’s how to receive a potential Li.Fi airdrop:
- Go to Jumper.exchange and connect your wallet.
- Select which chain and token you wish to swap.
- You will be given some options for how to do the swap. Choose your preferred method and click “Start swap”.
- Repeat this process with other chains and tokens.
- Complete tasks on MyGateway.
- Join their Discord and locate their Ze Code to mint their NFT.
See below for more details
What is Li.Fi?
Li.Fi is a bridge and DEX aggregator. It can route any cryptoasset on any chain to the desired asset on the desired chain. For example, if you have USDT on the Ethereum network and you want USDC on Avalanche, you an use Li.Fi as a bridge. The Li.Fi Widget is a set of pre-built UI components that can help developers integrate a secure cross-chain bridging and swapping experience into their web apps. It allows users to preview the swap route before connecting their wallet, view swaps in progress and swap history, and manage their wallets with custom theming and dark mode support.
Li.Fi was founded by Philipp Zentner and Max Klenk. Investors include Coinbase Ventures, Rocktree Capital, AngelDAO, Dragonfly Capital, among others. They recently raised US$5.5mil in their strategic ecosystem round, which was led by 1kx Network.
Does Li.Fi have a token?
Li.Fi has a token called Lizard ($LZRD), but little is known about it yet. Currently, they have only deployed the token on Github, and it is not listed anywhere. With an additional US$17.5 million being raised in Series A funding, Li.Fi now has notable investors such as Coinbase Ventures, Superscrypt, and CoinFund. So it is likely that Li.Fi would do a token airdrop in order to draw more users. Especially since there are many who consider Li.Fi a very useful protocol.
How to receive a potential Li.Fi token airdrop?
Li.Fi has deployed their Lizard $LZRD token on Github, but there is no airdrop announcement yet. This means a snapshot should not have been taken yet to determine who would be eligible for a potential airdrop. So it is not too late to get started. The consensus amongst speculators seems to be that a potential airdrop would be given based on the volume bridged. Here’s how to get a potential Li.Fi token airdrop:
- Go to Jumper.exchange and connect your wallet.
- Select which chain and token you wish to swap. It is recommended to swap ETH from Arbitrum to Optimism networks. Note this may make you eligible for those networks if they are doing a potential airdrop too!
- You will be given some options for how to do the swap. Choose your preferred method and click “Start swap”.
- Repeat this process with other chains and tokens.
- Complete tasks on MyGateway.
- Join their Discord to mint their NFT.
To maximise your potential airdrop, it is recommended to swap between L2 blockchains. L2 blockchains include Optimism, Arbitrum, Avalanche, BNB Chain, Polygon, Gnosis Chain, and Fantom. Also, to choose ETH as the cryptocurrency to swap. This is because the fees and slippage will be lower.
Learn more about Layer 2 blockchains- Understanding Layer 2 & Scaling Solutions: Arbitrum, Boba, Optimism, Polygon, Ethereum 2.0.
Li.Fi also has tasks you can complete on their MyGateway. You will need to connect your wallet to MyGateway and be on the Ethereum network before completing the tasks. There are a total of 8 tasks which include reading their articles, completing their quizzes, and social tasks. You can find the answers to Li.Fi’s MyGateway quiz in our FAQ section here.
Then, go to Li.Fi’s Discord and find their Ze Code (btw this Li.Fi’s Ze Code: 42637153916471630) to mint their NFT. You will need to be on the Polygon network and have MATIC to pay for gas fees.
Li.Fi 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: Unknown, but their Lizard $LZRD token has been deployed on Github.
Airdropped Token Allocation: No information is available on the Li.Fi airdrop token allocation.
Airdrop Difficulty: Preparing for this airdrop only requires swapping assets between blockchains. This is very simple and in fact, many may even need to do this as part of trading cryptocurrencies.
Token Utility: The Li.Fi token utility is unknown.
Token Lockup: No information is available on the Li.Fi token lockup.
Frequently Asked Questions (FAQs)
Li.Fi has a token called Lizard ($LZRD), but little is known about it yet. Currently, they have only deployed the token on Github, and it is not listed on any exchanges.
Li.Fi has so far raised US$23 million in 2 funding rounds.
1. True 2. 96.06% 3. 59% 4. False 5. False 6. 6% 7. False 8. Ethereum and Bitcoin 9. BNB Chain and Polygon 10. EVM compatibility 11. False 12. Ethereum Virtual Machine 13. All of the above 14. $29.17B 15. False 16. True 17. Non of the above 18. BNB Chain 19. Polygon 20. Polygon 21. Avalanche 22. True 23. Arbitrum 24. True 25. True 26. False 27. True 28. True 29. 56 30. Solana 31. True 32. All of the above 33. True
Li.Fi’s Ze Code is 42637153916471630.
