io.net ($IO) is a decentralized computing network that allows AI engineers to access scalable distributed computing power. Massive Web3 investors are backing this huge Decentralized Physical Infrastructure Network (DePIN) project. And they have officially announced the launch of its $IO token on 28th April 2024. This may be accompanied by an airdrop for participants in both the network and Galxe. Here is our io.net ($IO) token airdrop guide.
io.net, an enterprise-grade decentralized computing network, aggregates underutilized GPUs into a Decentralized Physical Infrastructure Network (DePIN) for AI/ML workloads. Its primary goal is to offer accessible compute resources at a reduced cost. Here are some main features of io.net.
Decentralized Computing: io.net is building an enterprise-grade decentralized computing network to provide machine learning engineers with distributed cloud clusters at a lower cost.
Mission and Vision: Their mission is to create the world’s largest AI compute network, with IO as the currency of compute, powering an ecosystem for accessible compute resources.
Challenges and Solutions: They address challenges like limited availability, poor choice, and high costs in traditional cloud services by aggregating underutilized GPUs into a Decentralized Physical Infrastructure Network (DePIN).
Core Functions: io.net supports batch inference, parallel training, hyperparameter tuning, and reinforcement learning, optimizing performance across a network of GPUs for AI/ML workloads.
io.net is backed by HackVC, Multicoin Capital, Sandbox, Delphi Digital and Aptos, among others.
How to get the io.net ($IO) token airdrop?
If you have limited GP resources, one simpler way of getting the potential io.net ($IO) token airdrop is to create a worker node and complete the Galxe tasks. However, we predict that you are likely to receive more airdropped io.net ($IO) tokens if you set up the worker node. Therefore, here’s our guide on how to obtain the io.net ($IO) token airdrop, specifically focusing on setting up the worker node for MacOS.
Complete Galxe tasks
Go to io.net’s Galxe page and complete the tasks. These tasks not only involve following their social media pages but also getting Discord roles, as well as participating in their AMAs, completing daily tasks, and actively engaging on Discord for a specified number of days. Please note that you have until 30th April 2024 to complete these tasks2.
Sign up on io.net
Go to. https://cloud.io.net/login and create an account. Then, on the homepage, hover over the “io/cloud” logo on the top left hand corner and click “Worker”.
Set up worker
Firstly, on the homepage, hover over the “io/cloud” logo at the top left-hand corner and click “Worker”. Afterwards, click “Connect New Worker” at the top of the screen. Then, proceed by selecting your Operating System (for instance, Mac OS), Supplier, and finally, give your device a unique name and choose the device type.
Download and set up Docker Desktop
Download Docker Desktop for MAC OS HERE. Afterwards, choose the recommended settings when prompted.
Download and launch binary
On the Docker, click on “Containers” on the left hand side. Then, press the Command and Space keys on your keyboard to open the Terminal on your Mac. Paste each of the 3 commands on the webpage in step 3 above onto the Terminal and click “enter” after each one.
Wait for setup
After copying and pasting the commands onto Terminal in step 5 above you will need to wait for the setup to complete. Click “refresh” periodically whilst you are waiting. It could take up for 48 hours for the set up to be completed.
Check that your setup is complete.
To check that your setup is complete, type “docker ps” into your Terminal. If setup is completed the “CPU(%)” column will show a number. This number represents your CPU power.
The snapshot for Season 1 of the airdrop was taken on 25th April 2024.
Frequently Asked Questions (FAQs)
What are the recommended specifications for setting up a Worker Node
Here are the recommended specifications for setting up a Worker Node: Windows OS, Computer GPU (Graphics Card)- RTX 3050 or higher.
Why does the status not say “Running”/ Why don’t I have the green icon?
If your status does not say “Running” or the green icon is not showing up, go to the “Control Panel” and then “Programs”. Then turn the Windows features on or off (as the case may be). Afterwards, go to “Enable” and you will see several files, tick the following: (1) Windows Subsystem for Linux; (2) Virtual Machine Platform; and (3) Windows Hypervisor Platform. This is so that your computer can talk to io.net.
Is KYC required for participating in the potential io.net airdrop?
No, you do not need to complete KYC for participating in the potential io.net airdrop.
What to do if you are still not connected to io.net or set up is not complete
The process may take up to 48 hours. If set up does not work, you may need to clear the cache, delete all containers and images, and set it up again. To stop and remove containers, type “sudo docker stop $(sudo docker ps -a -q); sudo docker rm $(sudo docker ps -q)” into Terminal. Then, follow the steps in this io.net ($IO) token airdrop guide to repeat the setup process again.
Note we’ve heard of people repeating this process about 8 times before they were finally connected to io.net.
How to clear the cache, delete all containers and images on io.net using a MAC device.
To clear the cache, delete all containers and images on io.net using MAC, type in “sudo docker stop $(sudo docker ps -a -q); sudo docker rm $(sudo docker ps -q)” on Terminal.
Blackwing and Initia will be launching their own incentivized testnet soon. So, it is important to keep these two projects on your radar! Currently, Blackwing has an onboarding task which you can complete in order to prepare for the upcoming testnet launches. Here is our Blackwing x Initia double token airdrop guide.
Check out our step by step guide!
https://www.youtube.com/watch?v=Ffk0M3qOtfk
Blackwing x Initia DOUBLE Airdrop: Incentivized Testnets LAUNCHING Q1/Q2
What is Initia?
Initia is a network for interwoven rollups aiming to solve problems related to modular blockchains. It helps address data availability issues for Layer 1 blockchains by focusing on executions and reducing the need to store additional data. Initia acts as a solution for fragmentations within modular blockchains, aiming to streamline the user and developer experience by simplifying complexities and barriers. It is positioned as a network that assists modular blockchains which, in turn, help Layer 1 blockchains.
They have recently secured a $7.5m seed fundraise led by Delphi Ventures and Hack VC. Initia is also backed by Binance Labs.
What is Blackwing?
Blackwing is a modular blockchain for margin trading built using Initia. It allows users to trade any asset natively without the risk of liquidation. Here are the main features of Blackwing:
Innovative Trading: Blackwing is a blockchain platform that offers liquidation-free leverage trading for a wide range of assets, focusing on those with high growth potential.
Limitless Pools: It introduces a novel feature called Limitless Pools, enabling users to trade with leverage without the risk of liquidation.
Cross-Chain Functionality: Utilizing modular infrastructure and Initia as a foundation, Blackwing allows seamless leverage trading across different blockchains.
Community-Centric: With a strong emphasis on community experience, Blackwing aims to provide the best trading conditions, including asset variety, low fees, and fast execution.
How to get the Blackwing x Initia double token airdrop?
Here’s a guide on how to get the Blackwing x Initia double token airdrop?
On Blackwing, connect your Twitter account and email, join their telegram and sign up for the airdrop. Note you should complete all the tasks in order to get the maximum number of Blackwing XP points.
Deposit on Blackwing
To get the base BXP airdrop reward you will be required to deposit some funds onto Blackwing. Note as the incentivized testnet is not launched yet you will be depositing real funds in this task. Choose between Binance Smart Chain, Arbitrum and Ethereum mainnnet. We recommend Arbitrum as this costs the least gas fees. Then choose the type of asset you wish to deposit and the amount. You will earn 11 Blackwing XP points for completing this task.
Share invite code
Go to https://blackwing.fi/earn to find your invite codes and share it with your friends. You will earn 10 Blackwing XP points for each invitee that deposits at least 10 USD worth of cryptoassets. You will also get an additional 10% of your 1st degree invitee’s BXP yield and 5% of your 2nd degree invitee’s BXP yield.
Both Blackwing and Initia have mentioned they will launch their incentivised testnet in Q1 2024. Therefore, you should watch their social media accounts for the latest details of any launches as this will mean you can be the first ones to complete any testnet tasks in order to get their potential airdrops.
Metis is an Ethereum Layer 2 Rollup platform that aims to address the issues of transaction speed, cost, and scalability in the Ethereum network by providing simple and fast smart contract deployment. Metis has announced a points system airdrop for their community testing community. Metis just completed season 2 of its incentivized testnet and are now pivoting to mainnet. However, there are still more tasks to be done and points to be earned for the airdrop with their Layer 3 Quests. Here’s our Metis ($METIS) token airdrop guide.
Check out our Metis ($METIS) airdrop guide!
Metis Airdrop Guide: EFFICIENT Route for Layer3 Quests
Metis is an Ethereum Layer 2 Rollup platform that aims to address the issues of transaction speed, cost, and scalability in the Ethereum network by providing simple and fast smart contract deployment. The platform offers several solutions to solve the big challenges faced by the Ethereum Mainnet, including multiple VMs and sequencers, DACs that can manage their organizations independently, separation of computing and storage, private native storage layer, and fast transactions at around 2,000 TPS with low gas fees.
Will there be a Metis airdrop?
Although Metis’ Season 1 airdrop is ongoing, it will end soon. Their Season 1 airdrop focuses on Community Testing, where anyone can contribute without any coding knowledge required! Metis Season 1 gets users to explore the decentralised applications (DApps) on the Sepolia testnet and earn points by completing tasks. Moreover, they have confirmed that they will be doing a Season 2 airdrop. However, no details have been announced for Season 2 yet.
How to do the Metis Layer 3 Quests for airdrops: Best route
Time needed: 1 hour and 30 minutes
Here’s our guide on how to do the Metis Layer 3 Quests and we show you the BEST route to do this.
You will need $METIS tokens to claim the incentivized testnet NFT and complete the mainnet tasks. You can buy $METIS tokens on exchanges such as BingX, OKX or Gate.io.
You could complete all 7 Metis mainnet tasks with just $30 worth of $METIS. However, this will require you to withdraw your funds out of the protocol after completing each task and then moving it to the next one. On the other hand, if you do not mind leaving the funds on the protocols after each task, you will need around $90 of $METIS.
Bridge to Metis
Bridge US$25 to the $METIS ecosystem. Use the Synapse bridge to bridge from BNB chain to Metis as this is the cheapest option for gas fees. You will also receive a bit of $METIS for gas. Make sure this is enough to cover your gas fees for claiming the incentivsed testnet NFT in step 6 below.
Swap and LP on Metis
Swap 10 USDC or USDT to any token on Metis using Hermes, Hummus or Netswap. We recommend swapping to $METIS. Then, add liquidity on Unimaia, you can choose from the METIS/USDC, ETH/METIS OR ETH/USDC pools. Then, take your funds back out so you can use it for other quests.
Claim incentivised testnet NFT
If you participated in the testnet airdrop, you are eligible to claim your NFT at https://decentralize.metis.io/. There are 3 tiers of NFTs: Elite, Based and Good. Which NFT you are eligible to claim will depend on your point score in Season 2.
Note you will need $METIS to pay for gas fees when claiming the NFT. Many participants will not have enough $METIS to pay the gas fees if they claim the NFT first. Therefore, we recommend participants do the swap first before claiming your NFT. Or, you can buy $METIS tokens on exchanges such as BingX, OKX or Gate.io.
Lend at least $10 worth of assets to Aave ($METIS or $WETH) or Granary Finance ($METIS, $WETH or $WBTC) on the Metis network.
Beefy vaults on Metis
Deposit at least $20 m.USDC-m.USDT into Beefy vault. You will need to keep your funds there for 3 days to qualify for completing this task.
Aggregate on Metis
For this task, you need to hold some $METIS in your wallet for gas. Then, go to https://app.openocean.finance/classic and swap at least 20 m.USDT or m.USDC to any other token (we suggest $METIS).
Perps on Metis
Go to https://tethys.finance/trade and deposit at least 10 $METIS. Then, enable leverage and open a long or short position. Finally, close your position.
The Future of Metis
This final task is a quiz and several social tasks. There are 2 questions in the quiz. Here are the answers to The Future of Metis quiz: 1. Building an interoperable blockchain for all L1’s, L2’s and IoT devices. 2. Interoperability and efficiency.
How to get season 2 of the Metis token airdrop?
Here’s how to get Season 2 of the Metis token airdrop:
Connect to Metis at https://decentralize.metis.io/#szn2. Make sure you are on the Metis Sepolia network, not the mainnet. If you can’t find the network on your wallet, add the Metis Sepolia network details here.
Claim testnet $METIS and $ENKI tokens by clicking on “Faucet” on the top of the page. Select the type of token you want, enter your wallet address and click “Drip”. Claim both $METIS and $ENKI. However, note you can only claim once.
Spin the wheel on the main page. Select the number of spins you wish to buy for 0.5 $METIS each. Then click “Spin” to spin the wheel for rewards!
Submit $METIS to mint $eMETIS by clicking “Mint&Stake” at the top of the screen. Then, go to the “Mint” tab. Select the amount of $METIS you wish to submit. Then click “Approve” and “Mint&Stake”. Note you need to wait 7 days before your $eMETIS staking rewards will begin.
Stake $eMETIS to get $seMETIS by going to the “Stake” tab. Select the amount of $eMETIS you wish to stake. Then click “Stake”. You will earn $seMETIS.
Stake $ENKI tokens to vest $eMETIS rewards. On Enki, click “Mint&Stake” at the top of the screen. Then click the “Stake” tab and scroll down until you see the “Vest” section. Select the amount of $ENKI you wish to stake and click “Stake”. We suggest staking half your $ENKI tokens.
Season 2 of the Metis airdrop has ended on 18th February 2024. Depending on how many points you get, you may have a chance to get a share of the 6 million $METIS token airdrop. However, Metis has said you can increase your chances of getting more $METIS tokens by taking part in mainnet activities on Layer 3.
BONUS: Get more $METIS with Layer 3
Metis has said you can increase your chances of getting an airdrop by taking part in mainnet activities in Layer 3. Here’s how to increase your Metis airdrop with Layer 3:
Here’s our guide on how to get Season 1 of the Metis token airdrop:
Connect to Metis: Connect your wallet to the Metis Sepolia testnet. Make sure you are on the Metis Sepolia network, not the mainnet. If you can’t find the network on your wallet, add the Metis Sepolia network details here.
Claim testnet tokens: Click on “Claim Tokens” on the main page to visit the Metis testnet faucet and claim some tMetis testnet tokens. The process may take some time, so be patient.
Swap and add liquidity on Netswap: Go to the Netswap dApp by clicking “Netswap” on the main page. Make sure your wallet is connected to the Metis Sepolia testnet network. Click “Trade” on the top bar and “Swap”. Then, swap a small amount of tMetis tokens for NETT tokens. We recommend swapping around 0.00005 tMetis. To add liquidity on Netswap, click “Trade” on the top bar and “Pool”. On the page, click “Create Pool”. Deposit as little tMetis and NETT tokens as possible.
Enter the lottery on Midas: Visit the Midas DApp on the testnet. Ensure that your wallet is connected to the Metis Sepolia network. Buy a lottery ticket to earn points. Tickets cost 0.1 tMetis.
Swap tokens, open a leveraged position and add TLP liquidity on Tethys: Connect to the Tethys dApp. Make sure your wallet is connected to the Metis Sepolia network. Complete three tasks: swap tokens, open a long or short position with leverage, and add TLP liquidity. To swap tokens, go to “Trade” and click “Swap” on the right hand side. Swap some tMetis for USDC. To open a long and short position with leverage, go to “Trade” and choose a long or short position. This may be a good way to get more tMetis tokens! To add TLP liquidity, click the “Liquidity” tab at the top and buy some TLP with tMetis. Then, click on “Staking” on the left hand side. Note that this function shows a blank page right now so check back later.
Swap tokens and provide LP on Hummus: Access the Hummus Exchange dApp on the testnet. Connect your wallet to the Metis Sepolia network. Swap tokens from Metis to m.USDC. Then, to provide LP, click on “Pool” at the top of the screen. Deposit tokens into the pools.
Metis 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: The Metis Season 2 airdrop is now live!
Airdropped token allocation: The Metis team has currently allocated 11.5% of the total $METIS token supply towards airdrops and has not yet airdropped 5.5%.
Airdrop difficulty: Metis uses the Sepolia testnet for all tasks, so no real funds are involved. However, the dApps are quite buggy and you may need to check back occasionally in order to complete tasks.
Token utility: The $METIS token facilitates transactions, incentivizes network participants, and powers governance mechanisms within the Metis ecosystem.
Celestia is one of the hottest modular blockchain projects in 2023. Their first airdrop, known as the Genesis Drop, is currently LIVE! And their tokenomics suggests that there are more airdrops to come! In this article, we will explain what Celestia is and how to position yourself for their $TIA token airdrop.
Celestia Airdrop Step-by-Step Guide
Here’s a step-by-step guide on how to get a potential Celestia token airdrop:
Celestia is a modular blockchain network that simplifies the process of deploying a blockchain. They achieve this by separating the consensus and application execution layer. In essence, Celestia provides a pluggable consensus layer, which is usually the hardest part of deploying a blockchain because of the massive computational overhead it requires. As a result, users can focus on deploying execution layers and building decentralized applications (DApps) with this feature.
How is it Different from Traditional Blockchains?
Celestia scales differently compared to traditional blockchains like Ethereum. Traditional blockchains have a monolithic architecture where all nodes perform execution, consensus, and data availability. These nodes, responsible for storing the entire blockchain history, become more costly to operate as the blockchain data grows over time.
On the other hand, Celestia has a modular architecture where the consensus and data availability layers are separated from the execution layer. This decoupling allows nodes to execute specific transactions, rather than all transactions, resulting in increased scalability.
Additionally, Celestia uses novel Data Availability Sampling (DAS) technology, which enables light nodes to prove consensus without downloading the entire blockchain and retaining security, thus allowing for bigger blocks and a larger number of transactions, resulting in further scalability improvement.
Who is the Team behind Celestia?
Celestia was co-founded in 2019 by Mustafa Al-Bassam (CEO), Ismail Khoffi (CTO), and John Adler (CRO). They have a large team of blockchain veterans who worked for large Web3 projects and organizations such as Ethereum, ConsenSys, Cosmos, Harmony, and Chainspace. In October 2022, Celestia successfully raised $55 million in a combined Series A and B round led by Bain Capital Crypto and Polychain Capital, putting the company’s valuation at $1 billion.
Does Celestia have a Token?
Yes, Celestia has its $TIA token that will be used to secure the network via proof-of-stake and pay transaction fees on the network. Additionally, the token will have a fee burn mechanism similar to EIP-1559 in Ethereum, so that burned fees will offset new token issuance as the network gains adoption. According to their documentation, 7.4% will be allocated to the public during their Genesis Drop & Incentivized Testnet, which is currently ongoing. 12.6% however will be allocated towards Future Initiatives which suggests they may do more airdrops in the future!
How to Receive Potential Celestia $TIA Token Airdrop?
The best chance to receive Celestia airdrop is to run a node on their testnet, similar to Aptos node validators. There are currently two testnets that are live: Arabica Devnet (for developers) and Mocha Testnet (for validators). According to their roadmap, we are approaching the “2023 Incentivized Testnet” phase on the road map, just before the mainnet launch. However, the incentivized testnet is not the same as the two live testnets. But it is worth a shot to try and set up a node as it could potentially include us in the snapshot. Here’s how to set up a node and get a potential Celestia token airdrop:
Set up a development environment. Set up your development environment to run any Celestia software, which can be used for development, building binaries, and running nodes. Go to docs.celestia.org/nodes/environment for the complete guide.
Install Celestia Node. Install the Celestia Node to be compatible with either the Mocha Testnet or Arabica Devnet. It is also another prerequisite before you can run a node. Go to docs.celestia.org/nodes/celestia-node for the complete guide.
Install Docker. Docker is an open platform for developing, shipping, and running applications. You will need to run Celestia Node using Docker. Go to docs.celestia.org/nodes/docker-images for instructions.
Install Celestia App. This is the last step of the prerequisites before running a node. You will need to install the Celestia App, which is a binary file that will be used to run the node. Go to docs.celestia.org/nodes/celestia-app for the steps.
Set up and run a node on the Celestia network. There are several options for you to choose. If you are a beginner, we highly recommend getting started with running a Data-Availability Light Node.
Consensus: Validator Node: This type of node participates in consensus by producing and voting on blocks. Consensus Full Node: A Celestia-App Full Node to sync blockchain history. Data Availability: Bridge Node: This node bridges blocks between the Data-Availability network and the Consensus network. Full Storage Node: This node stores all the data but does not connect to Consensus. Light Node: Light clients conduct data availability sampling on the Data Availability network.
What are the eligibility criteria for Celestia $TIA airdrop?
Research and public goods: These are public GitHub contributors to key protocol infrastructure, public goods, and ETH Research.
Early modular ecosystem: These are public GitHub contributors to rollups and key modular infrastructure.
Early adopters, Ethereum rollups: These are the top 50% of active users of the top 10 rollups by TVL on L2 Beat as of 20th April 2023 with a balance of $50 during the snapshot taken on 1st January 2023.
Stakers & IBC Relayers, Cosmos Hub & Osmosis: These are stakers with at least $75 and IBC relayers on Cosmos Hub and Osmosis based on a snapshot taken on 1st January 2023.
How do I claim Celestia airdrop?
Celestia airdrop can be claimed from now until 17th October 2023 at 12:00 UTC. Those who are eligible can claim their Celestia airdrop by adding their address to the Celestia genesis block at https://genesis.celestia.org/. Tokens will then be automatically sent to the wallet.
How to get a potential season 2 airdrop?
The Celestia Genesis Drop saw 7.4% of the $TIA token supply being airdropped to the public. Their documentation however, states that 12.6% will be allocated towards Future Initiatives which suggests they may do more airdrops in the future! Here’s how you can get a potential season 2 airdrop:
Donating on Gitcoin
Interacting with their protocol and ecosystem.
Where can I trade Celestia $TIA token?
Celestia $TIA token launched on 1st Novemeber 2023 and is available for trading (TIA/USDT trading pair) on the following exchanges: Bybit, Binance, OKX, Gate,io and Bitget. As at the time of writing, $TIA prices are up 22.2%!
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How to claim AltLayer airdrop for Celestia $TIA token stakers?
AltLayerannounced details of their Airdrop Season 1. A total of 300 million $ALT tokens (i.e. 3% of the total supply) will be airdropped. The snapshot was taken at 12:00:11 on 17th January 2024 (UTC), and the AltLayer airdrop will be available to claim from 25th January to 25th February 2024. Of the $ALT tokens to be airdropped, 9.92% (i.e. 29.76 million) $ALT will be airdropped to Celestia Stakers.
However, due to technical issues, the AltLayer airdrop to $TIA stakers will only be available to claim at a later time. The AltLayer and Celestia teams are currently working together on an airdrop portal for TIA stakers. So stay tuned to AltLayer’s social media channels for further updates.
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: Celestia’s first airdrop, known as their Genesis Drop is currently live. And with 12.6% of their token supply being allocated towards Future Incentives, there’s a good chance there will be more airdrops to come!
Airdropped Token Allocation: 7.4% of the $TIA token supply will be allocated to the public during their ongoing Genesis Drop & Incentivized Testnet. 12.6% however will be allocated towards Future Initiatives which suggests they may do more airdrops in the future!
Airdrop Difficulty: Since it is very likely that running a node can qualify you for an airdrop, the steps involved are quite technical and difficult.
Token Utility: The token will be used to secure the network via proof-of-stake and pay transaction fees on the network.
Token Lockup: $TIA tokens which will be distributed under the public allocation will be fully unlocked at launch.
SatoshiVM ($SAVM) is a technology that allows Bitcoin to work with Ethereum’s EVM ecosystem. This means that Bitcoin can now create new assets and applications. SatoshiVM uses a decentralized Bitcoin ZK Rollup Layer2 that is compatible with the EVM ecosystem and uses native BTC as gas. There is a strong chance SatoshiVM will be doing an airdrop, and it will be completely FREE to participate as the tasks are all done on the Bitcoin testnet and Ethereum Sepolia testnet. Here’s our SatoshiVM ($SAVM) token airdrop guide.
Check out our SatoshiVM ($SAVM) token airdrop video guide!
SatoshiVM ($SAVM) testnet airdrop GUIDE and UPDATES (DON’T MISS OUT!)
What is SatoshiVM ($SAVM)?
SatoshiVM is a virtual machine that runs smart contracts on the Bitcoin network. A virtual machine is a program that acts like a computer inside another computer. A smart contract is a set of rules that can execute automatically without human intervention. The Bitcoin network is a system of computers that use a digital currency called Bitcoin.
Some of the main features of SatoshiVM are:
Compatibility: It can run smart contracts written in different languages, such as Solidity, Rust, or C++.
Security: It uses a technique called formal verification to check that the smart contracts are correct and do not have errors or bugs.
Scalability: It can handle a large number of transactions per second, thanks to a technology called sharding that splits the workload among different nodes.
Privacy: It can protect the identity and data of the users, using methods such as zero-knowledge proofs and encryption.
Will there be a SatoshiVM ($SAVM) token airdrop?
There are lots of rumours circulating Twitter that SatoshiVM will do a $SAVM token airdrop. SatoshiVM has recently launched their testnet and only the faucets and the bridges are live. The Swap feature is expected to launch soon. Therefore, we are very early, and it is worth positioning yourself now for this airdrop.
It is worth positioning yourself for the SatoshiVM because according to the leaked $SAVM tokenomics, the Fully Diluted Valuation of the $SAVM token is very low. And we have seen in other low FDV token launches that returns can be as high as 50x. So, this means that if the SatoshiVM token is launched, it will also likely result in huge returns.
How to get a potential SatoshiVM ($SAVM) token airdrop?
Here’s how to get a potential SatoshiVM ($SAVM) token airdrop:
Set up SatoshiVM testnet on MetaMask
Go to https://testnet.svmscan.io/ and connect your wallet. Then, scroll down and click the “Add SatoshiVM Testnet” on the bottom left hand corner. Approve the transaction on your MetaMask wallet.
Alternatively, if you want to do this manually, go on MetaMask, click the top left hand button and “Add Network”. Then select “Add network manually” and type the following SatoshiVM Testnet information onto your MetaMask.
Set up UniSat wallet
Go to https://unisat.io/ and select “Download from ChromeStore”. Follow the steps to set up your wallet. Remember to write down your seed phrase offline and keep it in a safe place so you reduce the risk of losing your funds.
On your UniSat wallet, go to “Settings” and “Address type”. Make sure that “Native Segwit (P2WPHK)” is the first selection. Then, on “Network”, make sure you are on the “TESTNET” network.
Fund UniSat wallet with testnet Bitcoins ($tBTC)
Go to https://bitcoinfaucet.uo1.net/send.php and paste your UniSat wallet address for testnet Bitcoins. Accumulate some $tBTC by requesting as much as you are allowed.
Bridge testnet Bitcoins ($tBTC) to SatoshiVM testnet
This is where the core of the testnet activity will be, because SatoshiVM is made to be a bridge between Bitcoin and the Ethereum Virtual Machine. To bridge test Bitcoins to SatoshiVM Testnet using the SatoshiVM BTC bridge, go to https://bridge.satoshivm.io/. On the “Deposit” tab, type in the amount of testnet Bitcoins ($tBTC) you want to bridge and click “Deposit”.
Bridge more $tBTC
Repeat steps 3 and 4 above to bridge even more $tBTC to SatoshiVM. Do this more often to position yourself for when more features are launched on the SatoshiVM testnet!
Accumulate some Sepolia ETH
SatoshiVM has a tSAVM faucet feature which will go live soon. When it does, you will need Sepolia ETH to pay for gas fees. Therefore, to position yourself for when the feature does go to live, go to https://sepoliafaucet.com/, enter your wallet address and click “Send me ETH”.
BONUS: SECRET strategies to maximise your SatoshiVM airdrop
Here are some SECRET strategies to maximise your SatoshiVM airdrop:
Deploying a smart contract (including tokens)
To increase your chances of getting the SAVAM airdrop, it’s important to deploy smart contracts on the SatoshiVM testnet. Note you will need a lot of testnet BTC to pay for gas fees (around 0.0010491 testnet BTC), so make sure you have plenty.
To deploy smart contracts on the SatoshiVM testnet, go to Thirdweb and under the “Contracts” section click “Deploy”. Then click “+Deploy contract”, then under the “Popular” section click on “Token” and then “Deploy now”. We suggest you read the “Technical Design Doc” as it will be very helpful. Follow the instructions provided, including inputting a name, a symbol for the contract and a description. We do not suggest you upload a file for the token logo as an error message will show up. Fill in your address as the primary sale recipient.
Afterwards, you will need to add the SatoshiVM network. To do this, under “Select Network” click “Add Custom Network” and copy and paste the SatoshiVM Testnet network details from the SatoshiVM docs. Remember to select “Testnet” as the Network type. Finally, click “Add Network”. Once you see SatoshiVM Testnet appear under “Network/Chain”, click “Deploy Now”.
Click on the “Contracts” tab on the top, find your contract and click on it. There will be an option for you to mint your tokens. Mint your tokens!
Interact with smart contracts on testnet
Go to https://testnet.svmscan.io/tokens and under “Tokens” find a token where it is not fully minted yet i.e. those with fewer holders than the max supply. Then, click into a token and look for those with a green check mark next to the word “Contract” i.e. “Contract✓“. Then click “Write contract” and find the “PublicMint” section. In that section, type in the amount you wish to mint and click “Write”. Approve the transaction in your Metamask wallet. Note you will need testnet BTC to pay for transaction fees, which could be a lot.
Also, clicking into any section under “Contract✓” and filling in details also counts towards the requirement of interacting with smart contracts.
Run a validator node on SatoshiVM
Running a validator node on SatoshiVM could further increase your chances of getting the airdrop. To run a validator node on SatoshiVM, go to https://wizard.openzeppelin.com/. Fill in the token name and symbol. Then under features click “Mintable” and click “Open in Remix” on the right hand corner. In the popup window, you an import additional code. This will include making a vendor smart contract or additional proxy smart contracts.
https://youtube.com/live/O70eXlo01UE
SECRET Strategies SatoshiVM Airdrop Farmers are NOT telling you…
How to claim SatoshiVM ($SAVM) token airdrop?
On 19th January 2024, SatoshiVM ($SAVM) token launched on Uniswap with SAVM/WETH and SAVM/USDC trading pairs. SatoshiVM also launched on Ape Terminal at https://launch.apeterminal.io/project/satoshivm.
However, the team have announced there is currently no active $SAVM airdrop being claimable under any links. So be wary of any links claiming to be $SAVM airdrop claim links as those are likely scams.
This is the final Tweet in this thread 👇🏼
There is currently no active $SAVM airdrop being claimable under any link at this moment.
Double check every link you interact with, don't fall for scams!
SatsoshiVM does not have any active $SAVM airdrop being claimable
SatoshiVM ($SAVM) 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 a lot of rumours surrounding a potential SatoshiVM airdrop. Considering how good airdrops are for a project’s exposure, we also think SatoshiVM is likely to do a token airdrop.
Airdropped token allocation: The SatoshiVM airdrop allocation is unknown.
Airdrop difficulty: The SatoshiVM airdrop only has the bridging function on testnet. So, tasks only involve accumulating testnet tokens for later use when more features are available, and to bridge tokens. Remember it is only testnet so you will not be using real funds! It can’t get any easier than this!
Token utility: The $SAVM token utility is unknown.
Token lockup: There is no information on the $SAVM token lockup yet.
Pyth Network ($PYTH) is the world’s largest first party decentralized oracle network that connects market data from the world’s largest professional traders and exchanges to any smart contract, anywhere. They also provide real-time price feeds for cryptocurrencies, equities, foreign exchange pairs, ETFs, and commodities to smart contract developers on more than 40 blockchains. Pyth Network has finished its airdrop a while ago. However, those who are staking $PYTH tokens can have access to potentially hundreds of airdrops in the Solana ecosystem. This could mean the potential to make thousands of dollars! Here is our guide to Pyth Network (PYTH) token staking for Solana airdrops.
Check out our video on $PYTH Staking for MULTIPLE Airdrops!
https://www.youtube.com/live/RhhZqN-Y8_M
What is Pyth Network ($PYTH)?
Pyth Network ($PYTH) is the world’s largest first-party decentralized oracle network that connects market data from the world’s largest professional traders and exchanges to any smart contract, anywhere. They offer real-time price feeds for cryptocurrencies, equities, foreign exchange pairs, ETFs, and commodities to smart contract developers on more than 40 blockchains. The network is designed to provide high-quality financial market data on blockchains to make it reliably accessible for on-chain applications. Here are some of the main features of Pyth Network:
A data network for smart contracts: Pyth connects high-fidelity market data from the world’s largest professional traders and exchanges to any smart contract, anywhere.
A source of reliable and low-latency data: Pyth delivers smarter data for your smart contracts by using institutional sources that have access to real-time and accurate market information.
A platform for decentralized applications: Pyth enables developers to build dApps that leverage the power of nuclear fusion, such as decentralized finance, gaming, sports betting, and more.
What is the Pyth Network ($PYTH) token?
Pyth Network’s native token is called $PYTH. It is a financial oracle solution that provides real-time market data to various blockchain protocols. The network aggregates data from multiple first-party sources in order to ensure accuracy. According to Coingecko, the current price of PYTH is $0.3508 with a 24-hour trading volume of $85,774,807. Data providers and validators on the network are incentivized using the $PYTH token, which is also used to pay for transaction fees and governance.
Will I qualify for Solana ecosystem airdrops by staking Pyth Network ($PYTH) tokens?
Staking $PYTH tokens can potentially qualify you for multiple Solana ecosystem airdrops since Pyth Network is part of the Solana ecosystem, which is expected to have a series of airdrops. By staking $PYTH tokens onto the Pyth Network, you could become eligible to receive airdrops from various projects that are part of the Solana ecosystem. These airdrops can potentially result in receiving thousands of dollars’ worth of tokens from different projects. By staking $PYTH tokens, you can participate in the community and onboard new projects, which is viewed as a marketing tool and a way to bootstrap liquidity.
How to stake Pyth Network ($PYTH) token for multiple Solana airdrops?
Time needed: 5 minutes
Here’s how to stake Pyth Network ($PYTH) token for multiple Solana ecosystem airdrops:
Set up Phantom wallet
To set up a Phantom wallet, download the Phantom wallet Chrome extension here. You will need the Phantom wallet as is the primary wallet for the Solana ecosystem.
Get Pyth Network ($PYTH) tokens
You will need to buy or transfer Pyth Network ($PYTH) tokens to your Phantom wallet in order to stake it on Pyth Network. You can buy Pyth Network ($PYTH) tokens on major exchanges such as Bybit. Alternatively, you can get $PYTH from decentralized exchanges like Jupiter. Make sure to use limit orders for Jupiter to qualify for the Jupiter airdrop.
Connect your wallet to https://staking.pyth.network/profile and enter your EVM address, then click “Submit”. Refresh the page, and if your EVM address is still there then it means it is submitted.
Deposit and stake $PYTH
Connect your Phantom wallet to https://staking.pyth.network/. Select the amount of $PYTH you wish to stake and click “STAKE”. Note there is a minimum number of $PYTH you must stake. We expect the amount to be around 1,000 PYTH tokens, although the Pyth Network team has not confirmed it yet. Staking enables you to participate in Pyth Network governance. Newly staked $PYTH tokens become eligible to vote in governance at the beginning of the next epoch, which starts every Thursday at 00:00 UTC and lasts 7 days.
Stake $PTYH and interact on Nabla Finance
Go to https://app.nabla.fi/ and stake your $PTYH tokens. You can also interact with their protocol by swapping, adding or removing liquidity.
Update: The Nabla Finance Testnet Alpha has already concluded. Nabla Finance have also confirmed there will be an increased reward pool of 7 million $AMBER tokens available as airdrop rewards, and that the reward requirements will be loosened.
Stake $PYTH on Degen Base
Connect your wallet to Degen Base and click “Trade now”. Go to the “Earn” section and stake a minimum of 500 $PYTH.
Vote in Pyth Network governance
Go to https://app.realms.today/dao/PYTH and vote on proposals. To vote, click on the proposal and click the yes or no buttons to vote. Note there are no recent new proposals right now, so check back often.
Unstake $PYTH
Go to the “Unstake” tab at https://staking.pyth.network/. Specify the amount you wish to unstake and click “Unstake”. Confirm the transaction in your Phantom wallet. Note you will need to wait for the end of the cooldown period to access your tokens. The cooldown period is 1 epoch after the end of the current epoch.
Withdraw $PYTH
To withdraw your $PYTH tokens, go to the “Withdraw” tab at https://staking.pyth.network/. Enter the amount you wish to withdraw and confirm the transaction in your Phantom wallet.
Claim Degen Base airdrop
Degen Base already took a snapshot on 16th February 2024 and will be airdropping $DB tokens to those who are eligible. To check your eligibility for the Degen Base ($DB) token airdrop, connect your wallet to https://airdrop.degenbase.trade/ and click “Check Eligibility”.
Claim Nabla Finance airdrop
Nabla Finance will distribute their AMBER Tokenised Points rewards in batches between 29th February and 10th March 2024. A list of those eligible participants can be found HERE and AMBER Tokenised Points will be automatically airdropped to their wallets. If you think there was a mistake with your reward calculation or your wallet was wrongly missed out from their list, you can also fill out their Google Form. AMBER Tokenised Points can be converted to $AMBER tokens when it launches in the future.
Pyth Network ($PYTH) token staking 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: Pyth Network has finished its airdrop, but staking is to position yourself for other Solana ecosystem airdrops.
Airdropped token allocation: The airdropped token allocation would depend on the project doing the airdrop.
Airdrop difficulty: Positioning yourself for the airdrop only requires you to stake Pyth Network ($PYTH) tokens. This is very simple but does require real funds.
Token utility: The token utility would depend on the project doing the airdrop.
Token lockup: The token lockup period would depend on the project doing the airdrop.
Linea (ConsenSys zkEVM) is a type 2 zero knowledge Ethereum Virtual Machine (zkEVM) that provides developers with a secure and cost-effective way to build and deploy smart contracts on the Ethereum blockchain. The project has raised much more in funding than zkSync, so any potential airdrop could rival zkSync! Here’s our guide on how to get a potential Linea (ConsenSys zkEVM) token airdrop.
Check out our zkSync ($ZKS) token airdrop guide here.
Linea (ConsenSys zkEVM) Airdrop Step-by-Step Guide
Here’s how to get a potential Linea token airdrop:
Add Linea to MetaMask
Get testnet ETH and bridge to Linea
Interact with protocols on Linea
Send feedback to the Linea team
Complete Linea’s “I’m a First Class Linea Citizen” campaign
Join the Linea Voyage
Mint NFT commemorating the end of the Linea Voyage Quest.
Linea (formerly ConsenSys zkEVM) is a type 2 zero knowledge Ethereum Virtual Machine (zkEVM) created by Consensys– the team behind MetaMask. It replicates the Ethereum environment as a rollup, allowing developers to use the same tools and experience as they would on the Ethereum mainnet. With Linea, users can benefit from the security and trust of Ethereum, but with lower transaction costs. Impressively, Linea has raised around US$726 million in multiple funding rounds, and has a valuation of around US$7 billion. This beats out zkSync, which has so far raised US$458 million. Hence many see Linea as having huge potential.
On 28th March 2023, Linea rolled out its public testnet on MetaMask to all Chrome users. Giving all users and developers a chance to check out their testnet. they will also launch a NFT testnet voyage soon. Users flocked to try the Linea testnet in the hopes of positioning themselves for a potential Linea airdrop. This is because they see Linea has huge potential for airdrop gains that may even rival zkSync.
On 11th July 2023, Linea announced the launch of their Mainnet Alpha. During this stage, Linea will begin onboarding its partners and users, monitoring the system and supporting those who are building on it. It also marks the kickstart of their bug bounty program and testing before finally opening to end users.
Is there a Linea token?
There is no mention of a Linea token in their Documentation yet, and according to a Consensys blog post on 13th December 2022, they have mentioned it is too early to discuss launching a Linea token. But, they have stated they are looking at ways to reward users who help test and improve Linea. Together with the attention and funding they have generated, there is a good possibility they will launch a token and do an airdrop in the future.
How to get a potential Linea airdrop?
Linea has mentioned they will be looking at ways to reward users that test their protocol, so interacting with Linea could be the key to getting a potential airdrop. Here’s how to get a potential Linea airdrop:
Add Linea to MetaMask
Get testnet ETH and bridge to Linea
Interact with protocols on Linea
Send feedback to the Linea team
Participate in Linea’s “I’m a First Class Linea Citizen” campaign
To add the Linea network to your MetaMask, first, open MetaMask. Click the top bar and “Add network” and “Add a network manually”. Fill in the Linea network information found in their Documentation and click “save”.
Linea has a huge ecosystem of protocols you can interact with. Who knows, you may even be eligible for airdrops on those protocols too which will entitle you to double rewards! Here are some notable protocols you could choose to interact with for a potential Linea airdrop:
Uniswap
Ghostchain NFT
FWDX
Mint a 0xCygaar NFT
Velocore
Uniswap
Go to https://swap.goerli.linea.build/ and connect your wallet. Then, swap ETH for crWETH (i.e. Consensys Rollup Wrapped ETH). Also, swap ETH for crUSDC (i.e. Consensys Rollup Wrapped USDC). Afterward, add liquidity by going to https://swap.goerli.linea.build/#/pool, clicking “New Position” and adding ETH and crUSDC as your liquidity pair.
Ghostchain NFT
Go to https://app.nft.ghostchain.io/#/zkevm and connect your wallet. Select an NFT collection and click “Disperse collection”. Select the amount (in crETH) and click “Disperse”.
FWDX
Mint tokens and create markets by going to https://testnet.fwdx.xyz/faucet and connecting your wallet. Mint tokens by going to “Faucet”, choose the cryptocurrency and amount you wish to mint, and click “Mint”. Confirm the transaction on Metamask.
To create a market, go to https://testnet.fwdx.xyz/create. Input the send and receive currencies and choose a validity date in the future. Then click “Approve”.
Mint a 0xCygaar NFT
To mint a @0xCygaar NFT, go here and connect your Metamask wallet. Under item 3. mint, type in a number less than 1 and click “write”. Confirm the transaction on Metamask.
Velocore
Velocore ($VC) is a groundbreaking solution that synthesizes top-tier DEX methodologies into a novel, high-performance flywheel. It has already launched on zkSync Era Mainnet and Velocore V2 will soon launch on Linea. Velocore have done an airdrop in the past so it is likely they may also do an airdrop for their $VC token too! So far no airdrops have been confirmed yet but completing their Questboard tasks may be helpful in both the potential Linea and Velocore airdrops!
The Linea team needs your feedback to improve their product, and they are very likely to reward those who help! To send feedback to Linea, complete their Google Form.
Complete Linea’s “I’m a First Class Linea Citizen” campaign
Linea’s “I’m a first class Linea Citizen” campaign aims to combat bots and prioritize genuine user engagement in the Linea Voyage Quest. The campaign partners with Gitcoin Passport, Galxe Passport and Guild.xyz to create a fair community experience and address issues with bots consuming resources. The campaign will continue until the end of the 9 week Linea Voyage Quest i.e. 2023/06/30 12:00 GMT+08:00.
Here’s how to participate in Linea’s “I’m a First Class Linea Citizen” campaign:
Connect your wallet to Linea’s Galxe page. Note you only need to complete any one of steps 2 to 4 below.
Obtain a Gitcoin Passport for the Linea Voyage Quest on Galxe. Connect your wallet to https://passport.gitcoin.co/ and click “Confirm stamps”. Then, connect your accounts.
Get a Galxe Passport here. You will need to verify your identity with your official documents and pay a verification fee of 0.015 BNB.
Sign up as a community member on Linea’s Guild page. You will need to connect your wallet, complete a CAPTCHA, and connect your Twitter and Discord accounts. Then, mint your guild pin, this will cost 0.007 BNB plus gas fees.
Click “Verify” on the Galxe page.
Join the Linea Voyage
The Linea Voyage is a 9 week campaign which promises to offer an engaging way for users to learn about the boundless possibilities of a Layer 2 network through a series of weekly tasks and opportunities. It may also be a way to maximise any potential Linea airdrop.
Linea Voyage week 1
Week 1 of the Linea Voyage ran from 21:00 on 2nd May 2023 to 11:59 on 9th May 2023 (HKT). Here’s how to participate in the Linea Voyage Week 1:
Bridge any amount of BUSD on Celer from BSC Testnet (add network here) to Linea here.
Bridge any amount of BNB on Celer from BSC Testnet to Linea here.
Bridge any amount of MATIC (claim testnet tokens here) on Connext from Polygon Testnet (add network here) to Linea.
Bridge any amount of DAI (claim testnet tokens here) on Hop from Goerli (add network here) to Linea. You will first need to get GETH (here) and USDC (here) for transaction fees.
Bridge any amount of HOP (claim testnet tokens here) on Hop from Goerli to Linea. You will first need to get GETH (here) and USDC (here) for transaction fees.
Bridge any amount of USDC on Hop from Goerli to Linea.
Bridge any amount of GETH on Hop from Goerli to Linea.
Bridge any amount of EUROEe (claim testnet tokens here) on Multichain from Avalanche Fuji (add network here) to Linea.
Bridge any amount of TUSD on Multichain from Avalanche Fuji to Linea. You will first need to claim AVAX (here) before locking it (here) in exchange for TUSD.
Complete the tasks to earn points. Tasks include voting in their polls, participating in their Twitter Spaces, watching their content and retweeting their Tweets.
Linea Voyage Week 3
The theme of Linea Voyage week 3 are NFTs and will run from May 16th 2023, 9am Eastern Time (ET) to May 21st, 2023, 11:59pm ET. For this campaign, Linea will be working with partners ghostNFT, NFTs2me, Bilinear and Zonic. Here’s how to participate in Linea Voyage week 3.
Create and deploy a new NFT Project on Linea Testnet.
Change phase from “Closed” to “Public (Open)”.
Mint at least one NFT from the project Minting Page.
Send a Soulbound Airdrop to ENS address nfts2me.eth.
Create a token gated content.
GhostNFT
Claim free Linea testnet gNFT.
Register ERC721 NFT Collection by dispersing at least 0.05 ETH.
Add collateral to your NFT Collections via ghostNFT.
Redeem collateral from NFTs via ghostNFT.
Add collateral to the Ghost NFT collection.
Redeem collateral from the Ghose NFT collection.
Bilinear
Mint collection.
Mint NFT.
Buy NFT.
Sell NFT.
Mint game NFT.
Zonic
Mint the Linea Ape Zonic NFT collection on Apetimism.
List any NFT.
Buy any NFT.
Transfer any NFT using Zonic’s transfer function.
Linea Voyage Week 4
Linea Voyage Week 4 ran from May 24th, 2023, 10 pm EST to May 28th, 2023, 11:59 pm EST. Week 4 is similar to week 2 in that it focuses on social tasks. These are the tasks for Linea Voyage Week 4:
Retweet their tweets.
Vote for Linea on Swag.
Watch their YouTube spaces.
Linea Voyage Week 5
Linea Voyage Week 5 will run from May 30th, 2023 at 9:30am EST to June 4th, 2023 at 11:59pm EST. However, you will have up to June 7th, 2023 11:59pm EST to claim your points. Here’s how to participate in Linea Voyage Week 5:
Send LineaETH from an account to a Hapi wallet address.
Deploy a token drop on Linea.
Deploy a token drop on Linea.
Use Hapi Labs terminal to visualize transaction data and create transaction flow diagrams with Hapi.
Test your knowledge on the security of token contracts using GoPlus.
Linea Voyage Week 6
Linea Voyage Week 6 will run from 6th June at 9 am EST until 11th June at 11:59 pm EST. This week focuses on knowledge of the Linea protocol. Here’s how to participate in Linea Voyage Week 6:
Watch the Linea Community Call- May 2023 on YouTube.
Linea and iZUMi Finance are collaborating for Week 8 of the Linea Voyage! Week 8 will run from June 26th, 2023 9am EST and run until July 6th, 2023 11.59pm EST. This week will be the last week of on-chain activities, and will focus on decentralized finance (DeFi). The good news is this may also make you eligible for a potential iZUMi Finance token airdrop! Here’s how to participate in Linea Voyage week 8:
Add and select Linea Goerli test network. Click here for more details on how to do this.
Set a limit order by clicking the “Limit Order” tab and selecting the token you’d like to trade.
Place a limit order to exchange Linea ETH to iZi tokens and set your preferred price. Select “Fee Tiers” and click “ADD”. Confirm the transaction on MetaMask. Then, collect rewards on the “My Order” page by clicking “Claim”.
Add liquidity by going to the Liquidity tab and clicking “Add Liquidity” and selecting “Custom”. Select a token pair you want to create a pool with and the swap fee rate that you are willing to charge. Also, input the sum you want to provide and set the price range. If this is your first time providing liquidity, you will need to approve your tokens. Finally, click “Create” and confirm the transaction. To collect your swap fees, click “Collect” on the main liquidity page. You can also click “Add” to add more liquidity to your existing pool, and click “Remove” to remove your liquidity.
Linea Voyage Week 9 (i.e. the final week) will run from July 6th, 2023 9am EST to July 8th, 2023 11.59pm EST. Tasks include helping promote one of their tweets and voting on polls. You can complete the tasks by clicking the links on their Galxe page.
Mint NFT commemorating the end of the Linea Voyage Quest
Linea has created an NFT to mark the end of the Linea Voyage Quest. Connect your wallet and mint your NFT here. Minting the NFT is free!
Join the Linea DeFi Voyage
The Linea DeFi Voyage is a new 6-week campaign launched by Linea in partnership with Interact. There is speculation that completing this voyage may position you for a potential airdrop because their announcement states that participants will be recognised as contributors to the Linea ecosystem. Also, participants will be rewarded with XP that can only be claimed once they successfully execute the Proof of Humanity (PoH) attestation. So, this seems to suggest that the soul bound XPs to be claimed may be a criterion for a potential $LINEA airdrop. Here’s how to participate in the Linea DeFi Voyage:
Go to the “Linea” tab at the top of the screen and complete each week’s Wave quests.
Week 0: These are social tasks
Week 1: This requires you to bridge at least $20 worth of ETH from Ethereum/zkSync/Optimism/Base/Arbitrum to Linea using MetaMask’s bridge function. As a bonus task you will also be required to swap at least $5 of ETH into any supported token using Metamask Portfolio on the Linea network.
Week 2: Bridge at least $25 worth of ETH from ETH token another network to Linea using any listed bridge partner dApp. We suggest using Stargate bridge as it also positions you for any potential Stargate airdrop. You can also complete the bonus tasks which includes doing more bridges with more ETH, and writing reviews.
Week 3: Swap at least $25 worth of ETH to any supported token on any supported DEX on Linea. You can find a list of the supported tokens and DEXs here.
Week 4: Borrow at least $25 worth of ETH/WETH in 1 transaction on any of the specified Linea ecosysyem money markets. You can also complete some of the bonus tasks if you supply specific coins as collateral i.e. stablecoins (for bonus task 1) or LST (wstETH) (for bonus task 2).
Week 5: To complete this task, you must provide a minimum of $25 worth of liquidity by using any 2 supported tokens with equivalent value. You must also provide liquidity on their specified DEXes.
Week 6: This is the last week and involves proof of humanity. You will need to verify your humanity by obtaining one attestation from a partner of Group A, and 2 attestations from the partners of Group B.
Linea (ConsenSys zkEVM) 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: Linea has confirmed they are looking at ways to reward users who help test and improve their protocol. With the attention and funding (more than zkSync!) they have generated, there is a good chance of an airdrop.
Airdropped Token Allocation: There is no information on the Linea token allocation yet.
Airdrop Difficulty: Users will need to interact with various projects in the Linea ecosystem. However, Linea is only in the public testnet stage so no real user funds will be used.
Token Utility: There is no information on the Linea token utility yet.
Token Lockup: There is no information on the Linea token lockup yet.
Polygon recently launched its own zkEVM mainnet, and co-founder Sandeep Nailwal hinted on Twitter that there could be a MATIC airdrop for users! In this article, we will briefly explain what Polygon zkEVM is and what you can do to position for a potential airdrop.
Polygon zkEVM Airdrop Step-by-Step Guide
Here’s how to get the Polygon zkEVM Airdrop:
Add Polygon zkEVM to MetaMask
Bridge to Polygon zkEVM
Interact with Polygon zkEVM DApps
BONUS: trade on Satori Finance
DOUBLE BONUS: Join in the zkEVM saga with Intract x Polygon to get free NFTs
Polygon zkEVM is a Layer-2 scaling solution for Ethereum that leverages the scaling power of zero-knowledge proofs while maintaining Ethereum compatibility, similar to zkSync and Linea. Developers and users on Polygon zkEVM can use the same code, tooling, and apps that they use on Ethereum, but with much higher throughput and lower fees. This allows Ethereum-based DApps to scale more efficiently, which is critical for mass adoption of DeFi.
What’s the Difference Between Polygon zkEVM and Polygon?
The original Polygon functions as a sidechain that runs parallel to the Ethereum mainnet, whereas Polygon zkEVM uses a ZK-Rollup architecture that is built on top of Ethereum. The key distinction is that Polygon is EVM compatible but Polygon zkEVM has total EVM equivalence. The latter is focused on being a near-perfect replica of Ethereum’s execution environment, which means it uses ETH instead of MATIC for gas fees.
Is There an Airdrop for Polygon zkEVM?
Yes, it is very likely there will be an airdrop for Polygon zkEVM users. Sandeep Nailwal, co-founder of Polygon, strongly hinted on Twitter that there will be a huge MATIC airdrop for zkEVM users. He also compared the current development of Polygon zkEVM to Arbitrum, which took more than a year to mature. This means that we are currently at the early stage, allowing users plenty of time to perform on-chain activities that would qualify them for the airdrop!
How to Get the Polygon zkEVM Airdrop?
The best way to get the MATIC airdrop is to interact with the Polygon zkEVM mainnet. Here’s a step-by-step guide:
Add Polygon zkEVM to MetaMask
Go to ChainList and add Polygon zkEVM to MetaMask. It is launched on Mainnet Beta, which means you will need ETH for gas fees.
Bridge to Polygon zkEVM
If you have funds on the Ethereum network, you can bridge ETH from Ethereum to Polygon zkEVM via the Native Bridge.
Alternatively, if you have funds on Arbitrum and/or gas fees are too high, you can also use other third-party bridges recommended by Polygon, such as Orbiter Finance. Using Orbiter Finance, in particular, refunds 60% to 70% gas fees back to you.
Interact with Polygon zkEVM DApps
Here are the top DApps in Polygon zkEVM ranked by total value locked (TVL). Try to perform transactions consistently every week as frequency of smart contract interaction is an important criterion to qualify for the airdrop:
Here’s how to interact with Quickswap. First, connect your wallet to Quickswap Exchange. Make sure you have switched the network on Polygon zkEVM. Then, go to the Swap section and (1) Swap ETH for USDC; and (2) Swap the same amount of ETH for WETH. Afterwards, go to their Pool, select ETH and USDC tokens as the token pair, approve the tokens and add liquidity.
Interact with Kokonut Swap.
Here’s how to interact with Kokonut Swap. First, connect your wallet to Kokonut Swap. Make sure you have switched the network on Polygon zkEVM. Then, go to their Swap page and swap ETH to USDC.
Interact with Dove Swap
Here’s how to interact with Dove Swap. Connect your wallet to Dove Swap and make sure you are on the Polygon zkEVM network. Then, swap ETH for USDT.
Interact with Mantis Swap.
Interact with Mantis Swap by going to their website. Then, connect your wallet and make sure you are on the zkEVM network. Finally, swap USDC to USDT.
Interact with 0vix
To interact with 0vix, connect your wallet to their website and make sure you are on the Polygon zkEVM network. On the Supply Markets, supply a small amount of ETH and click “Supply”.
BONUS: Trade on Satori Finance
Satori Finance is a protocol on Polygon zkEVM (as well as zkSync, Linea and Scroll). To trade on Satori Finance, connect your wallet to https://satori.finance/, making sure that you are on the Polygon network. Then, go to “Portfolio” and deposit some trades. Next, go to the “Trade” tab and do some trades.
DOUBLE BONUS: Join in the zkEVM saga with Intract x Polygon to get free NFTs
Connect your wallet to the Quest Page and complete the tasks to get a free NFT. Tasks include signing messages, following social accounts and posting Tweets. Finally, click “Get your NFTs” and follow the instructions on your wallet to mint your free NFT. Note you will need to pay gas fees in ETH
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: Although not confirmed, it is very likely there will be a MATIC airdrop for Polygon zkEVM users, according to Sandeep Nailwal.
Airdropped Token Allocation: There is no confirmation on the token allocation, but Nailwal said that it would be a “massive” airdrop.
Airdrop Difficulty: Simply bridge to Polygon zkEVM and interact with QuickSwap and other high TVL DEXes. You will need real ETH to perform these tasks.
Token Utility: MATIC is the native token of the Polygon blockchain. Although Polygon zkEVM uses ETH for gas fees, it is likely MATIC will be airdropped as rewards.
ZetaChain ($ZETA) is one of the top airdrop prospects to look out for in 2023, according to CoinGecko. Its testnet is live and users of the protocol can potentially qualify for one of the biggest airdrops this year. In this article, we will explain what ZetaChain is and what you can do to position yourself for the $ZETA airdrop.
Use our invite link to sign up with their testnet (we each get 5,000 ZETA Points)!
ZetaChain ($ZETA) Airdrop Step-by-Step Guide
ZetaChain hinted at several ways you could get a token airdrop. Here’s how to get a potential $ZETA airdrop:
Sign In ZetaChain Testnet with Twitter.
Connect Your MetaMask Wallet.
Request Testnet ZETA.
Swap tokens.
Refer to Friends with Invite Link.
Claim the Zeta Supporter Discord role in the ZetaChain Guild.
ZetaChain is a layer-1 blockchain that has built-in connectivity to all blockchains and their applications. It is also a smart contract platform that can manage assets, data, and liquidity on any chain, even non-smart contract chains such as Bitcoin and Dogecoin. The project has recently announced its US$27 million funding round by Blockchain.com, Human Capital and others to accelerate their goal to offer the first public EVM-compatible L1 blockchain.
The project is still in the testing phase, but it has a lot of potential for the future. One of its main benefits is that it enables omnichain decentralized applications (odApps), which are able to access and use information and liquidity from multiple blockchains simultaneously.
To make things even easier, ZetaChain has created a special app called the ZetaChain Swap App. This app allows users to transfer assets between any connected blockchain without having to go through a complicated process of wrapping or locking tokens. Instead, users can complete the transaction in just one step.
Does ZetaChain have a Token?
Yes, ZetaChain confirmed in its whitepaper that there will be a $ZETA token. The token will be used for paying gas fees, securing the proof-of-stake blockchain, and enabling cross-chain transfers, swaps, and messaging.
Additionally, $ZETA will be issued natively across multiple layers and chains. As of now, ZetaChain has not yet published its tokenomics nor officially announced an airdrop. But its testnet is incentivized, which generally indicates an airdrop for its users. People have also noticed that ZetaChain now has a page on CoinMarketCap, is this a hint that the $ZETA token is launching soon?
How to Receive Potential $ZETA Airdrop?
The best chance to receive a potential $ZETA airdrop is to interact with their incentivized testnets. You can accrue ZETA points by completing various tasks, and these points will most likely translate to airdrop rewards once the token is launched. Here’s a step-by-step guide.
Sign In ZetaChain Testnet with Twitter
Use our invite link to sign up with their ZetaLabs testnet (we each get 5,000 ZETA Points!). After signing in, you will need to verify your account on Twitter.
Connect Your MetaMask Wallet
After verifying your Twitter, it will redirect you to labs.zetachain.com/swap. Connect your MetaMask and switch the Network to Goerli.
Request Testnet ZETA
Go to labs.zetachain.com/get-zeta and request some ZETA for ZetaLabs transactions. You will receive 2 ZETA and some gas assets on the Goerli, Polygon Mumbai, and BSC Testnet so you can start testing on different chains. You can only request once a day, and we recommend doing this every day.
You can also request from ZetaChain’s faucet on their Discord channel.
Swap tokens
On labs.zetachain.com/get-zeta, swap tokens between the Goerli, BSC Testnet, Polygon Mumbai and Bitcoin Testnet networks. Do a swap once every 7 days and get 7,000 points per week! Also, as this is only testnet, it is free to participate!
Refer Your Friends with Invite Link
Click ‘Earn ZETA Points’ at the top-middle of the screen to access your referral link, which you can automatically share on Twitter or copy manually.
For each person you invite, you’ll earn 5,000 ZETA Points, and for each weekly transaction they do, you’ll get 1,750 additional points.
Claim the Zeta Supporter Discord role in the ZetaChain Guild
Go to the ZetaChain Guild platform. The first task is to claim the Zeta Supporter Discord role. You will need to complete tasks such as getting verified on Discord and following their Twitter.
Complete an Omnichain ZETA-USDT swap
Go to the Swap page on Zetachain. Connect your Twitter and Metamask (make sure you are on the Goerli Test Network). Request testnet $ZETA tokens (you can also request testnet tokens on their Discord). Then switch to Polygon Mumbai Testnet (add network using Chainlist) and swap 3 $ZETA from Polygon Mumbai Testnet to Goerli Test Network. Finally, click “Claim” to mint your NFT.
Complete the same steps as above, but swap Goerli ETH ($gETH) to $ZETA, BTC for any DeFi asset on any chain or MATIC for ZETA using any two chains. Note you will only need to complete 1 of the 4 swaps mentioned in Steps 6 and 8 to claim
Claim the ZETA Assimilated role
Participate in either ZETA Assimilated 101 or ZETA Assimilated 201 Galxe campaign.
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: ZetaChain has not officially announced an airdrop, but its testnet is in the incentivized phase, which means an airdrop is very likely.
Airdropped Token Allocation: Details of their tokenomics are not yet available.
Airdrop Difficulty: The tasks are very simple to complete. All you have to do is make swaps on the ZetaLabs testnet, share your referral link, and complete Guild tasks for a Discord role.
Token Utility: $ZETA will be used for paying gas fees, securing the proof-of-stake blockchain, and enabling cross-chain transfers, swaps, and messaging.
Token Lockup: Details of their tokenomics are not yet available.
Polyhedra Network is building an interoperable Web3 infrastructure using zero-knowledge proof (ZKP) technology, and it is backed by the likes of Binance, Polychain Capital, and Animoca Brands. The project is in its early stages and has not yet issued a token, but it is very likely that it will do so in the future. The zkBridge Testnet is currently live, and early users have a favorable opportunity to receive future rewards. In this article, we will explain what Polyhedra is and what you can do to position yourself for the potential airdrop.
Polyhedra Network Airdrop Step-by-step Guide
Here’s a step-by-step guide on how to receive a potential Polyhedra Network airdrop:
Polyhedra Network is building a Web3 infrastructure that focuses on interoperability, scalability, and privacy using advanced zero-knowledge proof (ZKP) technology. The network offers secure and highly efficient solutions for transferring assets, exchanging messages, and sharing data between different Web2 and Web3 platforms.
Project Team and Funding
The team behind Polyhedra Network consists of leading engineers, developers, and researchers from prestigious institutions like UC Berkeley, Tsinghua University, and Stanford University. In February 2023, Polyhedra successfully raised $10 million in a strategic funding round co-led by Binance Labs and Polychain Capital. The project also received support from Animoca Brands, ABCDE Capital, Sparkle Ventures, and more.
Does Polyhedra Network have a Token?
Polyhedra Network has not officially announced a token launch. However, it is a blockchain infrastructure provider, so it stands to reason that it needs a token to support its ecosystem and facilitate the functioning of the platform. According to its roadmap, the team is currently focusing on integrating its bridge and decentralized identity infrastructure with other blockchain networks, and launching application programming interfaces (API) and software development kits (SDK) for developers.
How to Receive Potential Polyhedra Network Token Airdrop?
The best chance to receive a future token airdrop is to interact with the Polyhedra Network testnet. Here’s a step-by-step guide:
Use the Polyhedra CreatorTool to create new NFTs. Set a name and description, and select a Testnet network of your choice. You can view all created and owned NFTs on the My NFTs page.
Import NFT to Polyhedra zkBridge
Go to the My NFTs page and click on the “zkBridge” button. Select a testnet receiver blockchain of your choice and transfer the NFT. Make sure you have gas fees on the other end as well.
Claim your NFT on the testnet receiver chain, and that’s it! Repeat the process on different testnet blockchains to enhance visibility of your on-chain activities.
Provide Feedback on Discord
Share your feedback, including wallet address, screenshots, and transaction IDs, in the “suggestions-and-support” Discord channel.
Complete tasks on Galxe
Polyhedra has a Galxe page where they have various campaigns. Completing these tasks (including those where they are partnered with other projects) may put you in a better position for any potential 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: Polyhedra Network hasn’t confirmed a token launch yet, but as a blockchain infrastructure provider, it likely requires a token to support its ecosystem and facilitate platform operations.
Airdropped Token Allocation: There is no tokenomics yet.
Airdrop Difficulty: The steps are fairly easy to follow. All you have to do is create an NFT on Polyhedra and transfer it to different testnet chains. You will need some testnet tokens to cover gas fees.
Token Utility: There is no token yet, but it is likely it will be used for governance, ecosystem support, platform operations, and network security.
Nostra ($NOS) is a DeFi protocol on the StarkNet ecosystem allowing users to lend, borrow, and trade crypto on Starknet. In 2022, Nostra passed a governance proposal to airdrop part of their future $NOS token supply to Tempus token holders. So, there may be a chance of further aidrops in the future when Nostra launches? In any event, since Nostra is in the StarkNet ecosystem, positioning yourself for a potential Nostra airdrop may also make you eligible for any potential StarkNet airdrop! Here’s our guide on how to get a potential Nostra ($NOS) token airdrop.
Nostra is a DeFi solution that allows users to lend, borrow, and trade crypto on Starknet, a layer-2 solution that is fast, cheap, and secure. Nostra can be visualised in 3 main layers, the first is the Nostra Liquidity Layer, which has 4 core features- Lend, Borrow, Mint, and Trade. This is built on top of its Scalability Layer, i.e. StarkNet. Finally, StarkNet, as a layer-2 solution is built on Ethereum, which Nostra refers to as its Security Layer.
What is the Nostra $NOS token?
Tempus, the company behind Nostra, passed a governance proposal for $TEMP token holds to be eligible to receive Nostra $NOS tokens at a ratio of 1:0.6. This confirms Nostra will be launching its own token. However, further details such as its utility are unknown.
How to receive potential Nostra $NOS token airdrop?
Since Nostra is part of the StarkNet ecosystem, you may be eligible for a potential StarkNet airdrop if you position yourself for a Nostra airdrop! Here’s our guide on how to position yourself for a potential Nostra $NOS token airdorp.
Set up StarkNet wallet
Since Nostra is on the StarkNet ecosystem, you will need to use Argent wallet or any other Starknet wallet. To learn how to download and set up an Argent wallet, check out our guide here.
Buy/deposit USDT, USDC or DAI
You can buy USDT, USDC or DAI from any exchange and deposit it to your StarkNet wallet. Alternatively, you can swap the tokens in your StarkNet wallet to USDT, USDC or DAI. Then,
Deposit assets to Nostra to earn APY
Connect your wallet to https://app.nostra.finance/. Then, choose a pool to deposit some assets. You can choose between DAI, ETH, USDC, USDT and WBTC. Click on the market, select how much you wish to deposit and click “Deposit”. You can later withdraw assets by going back to the same market page and clicking the withdraw tab.
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: Nostra is part of the StarkNet ecosystem, who is currently planning out the distribution mechanism for the token, which means an airdrop could be likely.
Token Allocation: The $NOS token allocation is unknown.
Airdrop Difficulty: Only the lending feature is available on the platform, so positioning yourself for this airdrop is quite easy. In any case, it is good to follow this Nostra $NOS token airdrop guide since it could also position you for a potential StarkNet airdrop.
Arbitrum will airdrop over 1 billion $ARB tokens to its protocol users on March 23, 2023. The snapshot was taken in February, and at least three criteria must be met to qualify for the airdrop. Find out if you’re eligible and how to claim your Arbitrum token airdrop below.
Arbitrum is a layer-2 scaling solution designed to lower network congestion and transaction costs of Ethereum by offloading tons of computation and data storage from the main chain. It does this via the use of optimistic rollup — transactions on Ethereum are bundled up and transferred to a proprietary sidechain on Arbitrum (a secondary blockchain connected to the main chain). The transactions are then processed and sent back to the main chain after validation.
The optimistic rollup is the core element of Arbitrum. For those who do not know what an optimistic rollup is, we got you covered with a simple explanation.
Optimistic rollups assume all transactions as valid, hence an “optimistic” outlook. There is a time period during which users can dispute any suspicious transactions contained in a bundle. If a fraudulent transaction is detected, a fraud proof is executed which basically runs the correct transaction computation using the data on the main chain.
Since optimistic rollups do not perform any computation by default, it offers massive improvements in scalability. On the downside, potential fraud challenges of optimistic rollups could lead to delays in transactions, since progress comes to a halt until it the dispute is resolved.
Arbitrum’s Version of Optimistic Rollup
To provide context, optimistic rollups are compatible with the Ethereum Virtual Machine (EVM) and Solidity, which allow developers to port Ethereum-native smart contracts to rollups or even use existing tooling to create new decentralized applications (DApp). But for Arbitrum, it has its own virtual machine called Arbitrum Virtual Machine (AVM).
Arbitrum’s AVM greatly improves optimistic rollups because it stores very little data on-chain for optimal scalability. Moreover, to address potential delays due to fraud challenges, the AVM uses pipelining to process multiple disputes, while verification nodes help speed up the process.
This is called multi-round fraud proofs. Arbitrum uses a fine-combing approach to verify fraud proofs. It focuses on a particular point of disagreement over transaction history. Additionally, layer-2 transactions are not entirely executed on the main chain, rendering gas block limits irrelevant. As a result, this translates to higher network performance.
Who is the Team behind Arbitrum?
Arbitrum is developed by Offchain Labs, a New York-based startup committed to building innovative Ethereum scaling solutions. The company originated from the computer science research department of Princeton University, co-founded in 2018 by Harry Kalodner, Steven Goldfeder, and Ed Felten.
Arbitrum’s layer-2 network allows developers to build and deploy highly scalable smart contracts at low cost, while benefitting from Ethereum’s robust layer-one security. Since its launch last year, the Arbitrum ecosystem has greatly expanded, ranking 6th in all chains total value locked with 129 integrated protocols.
Some of the top decentralized finance (DeFi) protocols include Uniswap, Curve, Aave, Balancer, and SushiSwap. Additionally, Arbitrum is not without its native protocols built on the blockchain which include GMX, Radiant, Dopex, and Vesta Finance.
$ARB Token
$ARB will solely function as a governance tool for the Arbitrum protocol, unlike ETH which is used to pay fees on both Ethereum and Arbitrum. The governance process of Arbitrum DAO will be autonomous, allowing votes to directly modify the core code of Arbitrum.
The total supply will be 10 billion, with the Arbitrum community controlling 56%. The airdrop will distribute 12.75% (i.e. 1.275 billion $ARB) to eligible users on 23rd March 2023. The rest of the community tokens will be allocated to a treasury governed by the Arbitrum DAO, allowing ARB holders to vote on fund disbursement.
The remaining 44% will be given to Offchain Labs’ investors and employees, who developed Arbitrum. These tokens will be subject to lock-up periods and vesting schedules. Notably, the proportion of ARB reserved for insiders is higher compared to similar projects, such as Optimism, which allocated 36% of its OP tokens to investors and core contributors.
$ARB Airdrop Eligibility: How to claim Arbitrum $ARB token airdrop
According to Nansen, 625,143 wallet addresses are eligible for the Arbiturm $ARB token airdrop. You can check on arbitrum.foundation to see if you are eligible. If you are eligible, Arbitrum will directly airdrop to your wallet on 23rd March 2023. There are 6 airdrop criteria, and at least 3 must be met based on a snapshot taken on 6th February 2023 in order to qualify for the airdrop:
Bridge to Arbitrum
Bridged assets into Arbitrum One or Arbitrum Nova.
Transactions Over Time
Conduct transactions at least 2 months prior to the snapshot taken in February. The longer the timeframe, the more tokens you will receive.
Transaction Frequency and Interaction
Conduct more than 4 transactions or interact with more than 4 smart contracts. The higher the number, the more tokens you will receive.
Transaction Value
Conduct transactions with more than $10,000 in aggregate value. The higher the value, the more tokens you will receive.
Assets Bridged to Arbitrum One
Deposit more than $10,000 worth of assets to Arbitrum One. The more assets you deposit, the more tokens you will receive.
Activity on Arbitrum Nova
Conduct more than 3 transactions on Arbitrum Nova. The more transactions are carried out, the more tokens you will receive.
How to claim Arbitrum ($ARB) token faster?
Arbitrum has confirmed its airdrop can be claimed on 23rd March 2023 when the Ethereum chain reaches block 16890400. It is very likely that the Arbitrum network will be very congested during that time as users are anxiously waiting to get their tokens to potentially trade on exchanges. However, there are ways to be faster at the Arbitrum airdrop claim, and how to buy, sell or trade your $ARB before anyone else. Note however this carries risks. You may risk ending up being slower than others, lose your gas fees and even your $ARB, so proceed with caution. Here’s how you can potentially claim your $ARB tokens faster and buy, sell, or trade your $ARB before others:
Make your own RPC endpoint on Alchemy.
Pre-approve the token contract.
Have sufficient ETH ready.
Know where to trade $ARB.
Make your own RPC endpoint on Alchemy
Here’s how to make your own RPC endpoint on Alchemy:
Create an app for Arbitrum. Make sure you select “Arbitrum” under “Chain”.
Click “View Key” on the main page. There, you will get an RPC https URL.
Add a network on MetaMask. Go to “Settings”, “Networks”, “Add network” and “Add network manually”. Under “New RPC URL”, enter the RPC https URL from Alchemy. Then under “Chain ID” enter 42161, “ETH” as the Currency Symbol, and “https://arbiscan.io” under Block Explorer.
Pre-approve the token contract
To be even faster than everyone else in claiming $ARB, you can pre-approve the Arbitrum token contract on protocols such as 1inch and Uniswap. To do this, go to the $ARB smart contract and click “Write as Proxy”. Then, connect your wallet. Under spender, fill in the address for either Uniswap or 1inch. Finally, fill in the number of $ARB you want to trade with that smart contract. For example, filling in 20000000000000000000000 will mean you are approving 20,000 $ARB to be traded.
Have sufficient ETH ready
This is to pay for gas fees when trading $ARB. Note you will have to bridge your ETH to Arbitrum.
Know where to trade $ARB
These exchanges have confirmed they will offer trading for $ARB:
Will there be another Arbitrum $ARB token airdrop?
Arbitrum’s latest Tweet announces a return of the Arbitrum Odessey. The Arbitrum Odessey was a 7 week journey filled with tasks to complete in order to obtain badges. These badges are NFTs which may lead to future rewards.
The upcoming round of Arbitrum Odyssey will begin on 26th September at 12:00pm EDT.
Arbitrum Odyssey: How to guide
The Arbitrum Odyssey is a new round of activites involving the Arbitrum ecosystem and a chance to collect custom badges starting on 26th September at 12:00pm EDT. There is speculation that participating in this 7-week journey may result in a potential airdrop as a reward. Here’s our ultimate how to guide to completing the tasks on the Arbitrum Odyssey.
Week 1- Enter the Odyssey
Go to the Arbitrum Galxe Page and complete any of the following tasks in their list. Then, mint your Enter The Odyssey NFT.
Week 2- Signs of Life
Here’s our how to guide for completing the tasks on week 2 of the Abritrum Odyssey
Complete tasks on Tofu NFT Galxe page. This includes following their Twitter and selling/buying an NFT on their platform.
To sell/buy an NFT on Tofu NFT, go to https://tofunft.com/arbi and connect your wallet. Scroll down to “Discover” and apply the following search filters: Type- Fixed price, Sort- Price: Low to High. Buy the cheapest NFT or list some NFTs for sale.
Mint your Signs of Life NFT.
Complete Pulsar in the Distance task on Galxe. Connect your wallet to Abroad Exchange. Deposit funds by clicking on the top right-hand corner and “Deposit”. Then, make a perpetual trade on Abroad Exchange. Be careful when trading because you may be at risk of liquidation, and you will be using real funds! Mint your Pulsar in the Distance NFT.
Week 3- Pulsar in the Distance
Here’s our how to guide for completing the tasks on week 3 of the Abritrum Odyssey
Go to Abroad Exchange and deposit funds on the exchange. Then, make a perpetual trade. Note that you will be using actual funds for this. Finally, return to their Galxe page and mint your NFT.
Arbitrum 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: Arbitrum will airdrop $ARB to eligible users on 23rd March 2023.
Airdropped Token Allocation: 1.275 billion $ARB (12.75% of the total token supply) will be distributed in this airdrop.
Airdrop Difficulty: The criteria listed are fairly easy to complete.
Token Utility: The token will solely function as a governance tool for the Arbitrum protocol.
Token Lockup: 44% of the tokens allocated to the team and investors are subject to a 4-year lockup.
Frequently Asked Questions (FAQs)
What is Arbitrum?
Arbitrum is a layer-2 scaling solution. It aims to reduce Ethereum’s network congestion and transaction costs. Arbitrum does this by offloading computation and data storage from the main chain.
When is the Arbitrum token launch?
The Arbitrum token was launched on 23rd March 2023.
How do I claim Arbitrum ($ARB) tokens?
Arbitrum will airdrop $ARB tokens directly to your eligible wallet address via MetaMask, Trust Wallet, Coinbase Wallet, Brave or Ledger.
How to be eligible for the Arbitrum ($ARB) airdrop?
There are 6 airdrop criteria, and you must meet at least 3 to qualify for the airdrop: (1) bridged to Arbitrum One or Arbitrum Nova, (2) conduct transactions at least two months before the snapshot in February, (3) conduct at least 4 transactions or interact with at least 4 smart contracts, (4) conduct transactions with at least $10,000 in aggregate value, (5) deposit at least $10,000 on Arbitrum One, (6) conduct at least 3 transactions on Arbitrum Nova.
How do I check if I am eligible for the Arbitrum ($ARB) airdrop?
To check your eligibility, go to arbitrum.foundation and connect your wallet. Then click “Check eligibility”.
When can I claim the Arbitrum $ARB token airdrop?
the $ARB token airdrop can be claimed on 23rd March 2023 when the Ethereum chain reaches block 16890400
What is the fastest way to claim the Arbitrum $ARB token airdrop?
Here’s how you can potentially claim your $ARB tokens faster and buy, sell, or trade your $ARB before others: 1. Make your own RPC endpoint on Alchemy. 2. Pre-approve the contract. 3. Have sufficient ETH ready. 4. Know where to trade $ARB.
Note however this carries risks. You may risk ending up being slower than others, lose your gas fees and even your $ARB, so proceed with caution.
Where can I buy Arbitrum token?
You can buy, sell or trade the Arbitrum token on following cryptocurrency exchanges: ByBit (Sign up here!), Binance, Bitfinex, Kucoin, OKX, Bitmart, Bitfinex, Huobi, Bitget, Bitrue, Gate.io, MEXC.
What is the Arbitrum token price?
As of 24th March 2023, Arbitrum token price is US$1.40. Its all-time high price was US$8.67, and an all-time low of US$1.11.
What is the Arbitrum token contract?
The Arbitrum token contract is: 0x912ce59144191c1204e64559fe8253a0e49e6548
