Self Chain is a blockchain designed to securely store encrypted backups and a master decryption key, aiming to improve crypto wallet security and user experience by replacing traditional private keys with distributed mathematical shares. They launched their incentivized testnet recently on 29th February 2024, and it will end on 15th March 2024. So, you need to hurry and complete the tasks if you want to qualify for any potential airdrop! Here is our Self Chain token airdrop guide.
Check out our step-by-step Self Chain ($SELF) token airdrop guide
What is Self Chain?
Self Chain pioneers as the initial modular, intent-centric Layer 1 blockchain, offering a keyless wallet infrastructure service powered by MPC-TSS/AA for multi-chain Web3 access. Here are its main features:
- Modular Design: Self Chain is built with a modular intent-centric approach, allowing for flexible and customizable blockchain solutions.
- Access Layer 1 Blockchain: It operates as a foundational blockchain layer, providing key infrastructure for multi-chain WEB3 access.
- Keyless Wallet Service: The infrastructure includes a keyless wallet service, enhancing security and user convenience.
- MPC-TSS/AA Technology: Utilizes Multi-Party Computation Threshold Signature Scheme/Algorithmic Autonomy (MPC-TSS/AA) for secure and decentralized operations.
What is the Self Chain ($SELF) token?
The $SELF token is the native token of Self Chain, and has the following uses:
- Transaction Submission: Users and dApps use $SELF tokens to submit transactions for creating, mutating, and transferring digital assets or interacting with applications.
- Staking & Governance: $SELF token holders can stake their tokens to validators and participate in Self Chain’s proof-of-stake mechanism and governance.
- Validator Incentives: Validators manage transaction processing and are incentivized through the proof-of-stake mechanism, which rewards honest behavior.
- Network Fees: Gas fees, paid in $SELF tokens, are charged for network operations to reward participants and protect against spam and attacks.
According to Self Chain’s tokenomics, 19% of its total token supply are allocated towards ecosystem initiatives via grants and incentives. This could mean a token airdrop for supporters.
How to get the Self Chain ($SELF) token airdrop
Time needed: 10 minutes
Here’s a guide on how to get the potential Self Chain ($SELF) token airdrop.
- Connect to Self Chain testnet
Connect your Keplr or Leap wallet to the Self Chain incentivized testnet website HERE. Click “Complete the quest” and “Connect to Self Chain devnet”. Follow the remaining prompts on the bottom right hand corner to claim your testnet $SELF tokens.
- Claim testnet $SELF tokens
Click “Complete the quest” and “Connect to Self Chain devnet”. Follow the remaining prompts on the bottom right hand corner to claim your testnet $SELF tokens. Note you can only claim testnet $SELF tokens once.
- Stake $SELF token
Click “start” on the bottom right hand corner. Then, you will be taken to a separate page with a list of validators. Connect your Keplr or Leap wallet to the page. We suggest you stake on one Bonded, and one Unbonded validator, and in particular, choose the ones that offer APR. Select the validator, then scroll down and select the number of $SELF tokens you wish to stake and click “Delegate”. Approve the transaction in your wallet.
- Follow Self Chain on social media
Next, you will be prompted to follow Self Chain on Twitter and Discord. Follow the steps to do this and verify once you have completed the task.
- Claim rewards
Once you have finished the task you will be prompted to claim your 100 $SUPR as a reward. You will also be asked to mint the Uni Zorb NFT. Note this will be on the Arbitrum network and you will need to pay gas fees for the transaction.
- Follow Self Chain on social media
Check the launch date of the testnet to ensure you’re within the airdrop timeframe. 3. Look for the criteria set by the validators for eligibility. 4. Ensure you have an active wallet with enough funds to qualify. 5. Participate in the staking task on the Self Chain testnet. 6. Verify your staking amount and delegate your tokens to a validator. 7. Check for any additional tasks or quests on the testnet platform. 8. Stay updated on announcements for airdrop allocation. 9. Complete any social media-related tasks for potential additional rewards. 10. Monitor your wallet balance and transaction history for a successful airdrop. Remember, participation and following the guidelines accurately are key to qualifying for the Self Chain token airdrop.
- Complete Galxe tasks
Connect your wallet to https://galxe.com/selfchainxyz/campaign/GCLqYULs2B and complete the social tasks.
- Complete Guild tasks
Connect your wallet to https://guild.xyz/selfchainxyz. Join the guild and complete the tasks.
