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:
- Follow and retweet SoonSwap on Twitter.
- Join SoonSwap Discord.
- Join SoonSwap Telegram.
- Link your ERC20 wallet address.
- 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:
- Follow and retweet SoonSwap on Twitter.
- Join SoonSwap Discord.
- Join SoonSwap Telegram.
- Link your ERC20 wallet address.
- 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.
