Tag: Airdrops

  • ZKX Protocol ($ZKX) Token Airdrop Guide: LIVE NOW!

    ZKX Protocol ($ZKX) Token Airdrop Guide: LIVE NOW!

    ZKX Protocol is a perpetual futures DEX built on StarkNet. Their team has hinted at a token airdrop to the community in the future! In this article, we will briefly explain what ZKX Protocol is and what you can do to position for the airdrop.

    ZKX Protocol Airdrop Step-by-Step Guide

    Here’s how to get the $ZKX token airdrop:

    1. Connect Your Wallet to ZKX Testnet
    2. Trade Perpetual Futures
    3. Provide Feedback

    See below for more in-depth details!

    What is ZKX Protocol?

    ZKX is a permissionless protocol for derivatives built on StarkNet, with a decentralized order book and a unique way to offer complex financial instruments as swaps. It allows users to trade perpetual futures while maintaining self-custody of their funds.

    Additionally, the platform is governed by ZKX DAO. Community members can earn USDC from ZKX DAO by trading, staking, providing liquidity, or becoming a node provider. The more actions a stakeholder performs, the more digital shares of ZKX they will accumulate.

    In July 2022, ZKX raised $4.5 million in a seed funding round with participation from StarkWare, Huobi, Crypto.com, Amber Group, HashKey Capital and more.

    Does ZKX Protocol Have a Token?

    Yes, ZKX Protocol plans to launch its $ZKX token in the future. Token holders can stake their tokens to gain access to digital shares of ZKX, which is linked to both governance and protocol rewards.

    ZKX has also hinted on Telegram about conducting a future airdrop. Therefore, it is likely that early testnet users may qualify for the airdrop when the token launches.

    How to Get the $ZKX Airdrop?

    The best way to get the $ZKX airdrop is to interact with the ZKX testnet. Here’s a step-by-step guide:

    1. Connect Your Wallet to ZKX Testnet

      Connect your MetaMask or other supported wallets to the ZKX Testnet page. Click on “Link Wallet” to sign the message confirming you are the owner of the wallet. Switch the network to Goerli.

      Once your wallet is connected, you will have a ZKX account with 10,000 test USDC. Please note that this process may take some time.

    2. Trade Perpetual Futures

      Now you can start trading at the Trade page. Select a trading pair and place an order. There is a slider button you can turn on that allows you set the leverage ratio by moving the slide bar.

      You can see all of your created orders at the Orders page. There are many order types on ZKX. They have a complete guide on how to trade.

    3. Provide Feedback

      You can send your feedback and requests by clicking on the “?” button on the top right screen.

    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 ZKX team has hinted on Telegram that there might be a future airdrop for the community.

    Airdropped Token Allocation: There is no tokenomics yet.

    Airdrop Difficulty: Simply trade perpetual futures on the testnet. The UI and UX of the testnet page are user-friendly.

    Token Utility: The $ZKX token can be staked to gain access to digital shares of the protocol, which is linked to both governance and protocol rewards.

    Token Lockup: There is no tokenomics yet.

  • Davos Protocol ($DGT) Token Airdrop Guide: LIVE NOW!

    Davos Protocol ($DGT) Token Airdrop Guide: LIVE NOW!

    Davos Protocol is a new type of stable asset protocol that allows users to earn yield from staked assets with low collateral risk. Its mainnet was recently launched on Polygon, and early users could qualify for a potential airdrop. In this article, we will briefly explain what Davos Protocol is and what you can do to position for the airdrop.

    Davos Protocol ($DGT) Airdrop Step-by-Step Guide

    Here’s how to receive the $DGT airdrop:

    1. Connect Your Wallet to Davos Protocol
    2. Deposit $MATIC as Collateral
    3. Stake $DAVOS to Earn $DGT
    4. Deposit on Gamma Boosted Vaults
    5. Provide Liquidity on Uniswap or QuickSwap

    See below for more in-depth details!

    What is Davos Protocol?

    The Davos Protocol is a new type of stable asset protocol that solves the problem of locked-up liquidity in a sustainable way. It achieves this by using liquid staking and over-collateralization to enable a real yield extracted from liquid staking rewards for Davos stable assets on proof-of-stake (PoS) networks.

    The monetary policy of Davos regulates the price stability of the stable asset $DAVOS. Through a revenue distribution system, Davos rewards liquidity providers with a stable yield. It accepts coins from multiple PoS networks as collateral to borrow $DAVOS stable assets and runs diverse low-risk strategies to generate yield from the collateralized assets. The generated yield is then redistributed to $DAVOS stakers and DEX liquidity providers.

    Does Davos Protocol Have a Token?

    Yes, Davos Protocol uses a dual token model consisting of $DAVOS and $DGT. $DAVOS is the stable asset backed by staked MATIC as collateral, allowing users to yield farm. On the other hand, $DGT is used for platform governance, participants incentivization, and voting on upgrades such as adding a new vault or changing protocol parameters and fees.

    $DAVOS is already live and in use, but the $DGT token will launch in the future.

    How to Get the Davos Protocol ($DGT) Token Airdrop?

    The best chance to get the $DGT token airdrop is to interact with the Davos Protocol mainnet. Here’s a step-by-step guide:

    1. Connect Your Wallet to Davos Protocol

      Connect your MetaMask or other supported wallets to the Davos Protocol app. Switch the network to the Polygon mainnet.

    2. Deposit $MATIC as Collateral

      Go to the borrow page, provide $MATIC as collateral to borrow $DAVOS tokens.

      The Davos team recommends keeping the borrowing amount under 75% of the maximum limit to prevent loan liquidation, which could occur due to changes in the collateral’s value.

    3. Stake $DAVOS to Earn $DGT

      Go to the earn page, stake your $DAVOS to earn $DGT rewards which could translate to the token when it is launched.

      If you unstake your tokens, you will need to repay the debt you owe in $DAVOS tokens to close your position.

    4. Deposit on Gamma Boosted Vaults

      On the same page, you can deposit USDC/DAVOS pair on Gamma via Uniswap or QuickSwap.

    5. Provide Liquidity on Uniswap or QuickSwap

      You can also directly provide USDC/DAVOS liquidity on Uniswap or QuickSwap.

    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: Davos Protocol has not launched its $DGT token yet, but early users can potentially qualify for an airdrop.

    Airdropped Token Allocation: Token allocation for airdrops is not confirmed yet.

    Airdrop Difficulty: The steps are straightforward. Just provide $MATIC as collateral to borrow and stake $DAVOS. However, keep in mind that real funds are used, as it is deployed on the Polygon mainnet.

    Token Utility: $DAVOS is the stable asset backed by staked $MATIC, whereas $DGT is the governance token of the protocol.

    Token Lockup: There is no information on token lockup yet.

  • Arrakis Finance ($SPICE) Token Airdrop Guide: LIVE NOW!

    Arrakis Finance ($SPICE) Token Airdrop Guide: LIVE NOW!

    Arrakis Finance is one of the largest liquidity management protocols for leading DeFi projects. The team will launch its native token, $SPICE, and has confirmed an airdrop for the community. In this article, we will briefly explain what Arrakis Finance is and how you can position yourself for the airdrop.

    Arrakis Finance ($SPICE) Airdrop Step-by-Step Guide

    Here’s how to receive the $SPICE airdrop:

    1. Connect your wallet to Arrakis Finance
    2. Provide Liquidity to Vault

    See below for more in-depth details!

    What is Arrakis Finance?

    Arrakis Finance is a liquidity management protocol used by leading DeFi projects to bootstrap liquidity for their tokens across multiple blockchains. Some of the top DeFi projects that have adopted Arrakis vaults include Aave, MakerDAO, and Synthetix. At its peak in July 2022, the platform had $1.83 billion in total value locked (TVL).

    Arrakis aims to solve pain points that many projects in web3 are facing today. Traditional Uniswap v2 automated market makers (AMM) provide a one-size-fits-all liquidity solution. While being simple, they lack efficiency and are costly to subsidize liquidity programs. Next generation AMMs like Uniswap v3 provide liquidity efficiency improvements, however at the cost of added complexity and risk to liquidity providers (LP).

    The multichain landscape made liquidity increasingly fragmented and the operational overhead of managing liquidity exponentially higher. Projects are forced to spend an unnecessary amount of time and resources on complex topics such as active liquidity management, cross-chain liquidity provision, and modeling expenditures on market making programs. Arrakis solves these issues by creating a curated marketplace of novel tokenized LP strategies that facilitate deep liquidity and optimize LP earnings.

    Does Arrakis Finance Have a Token?

    Yes, $SPICE is a token that Arrakis Finance uses to add transparent governance and new incentive mechanisms to its protocol. The Arrakis DAO manages its tokenized strategies with its curated list of automated strategies. The protocol takes a 25% commission on fees earned from all liquidity under management as protocol revenue.

    Projects get optimized liquidity without the management overhead and access to liquidity gauge emissions of $SPICE. These emissions provide additional incentives for LPs and attract liquidity to vaults. They also double as a bootstrapping mechanism for distributing governance power over the Arrakis protocol by vote locking $SPICE for non-transferable $xSPICE.

    Will there be a $SPICE Airdrop?

    Yes, the Arrakis team has confirmed an upcoming $SPICE airdrop on Discord, and they will announce further details soon. Moreover, if you locked $GEL tokens as part of the Gelato Network Lockdrop Program between May and June last year, you will receive $SPICE airdrops when the token launches. The Gelato Network is a web3 automation network that helped incubate Arrakis Finance.

    How to Get the $SPICE Airdrop?

    The best chance to get the $SPICE airdrop is to provide liquidity on the Arrakis Vaults. The protocol is live on four mainnets: Ethereum, Polygon, Optimism, and Arbitrum. So you will need real funds to qualify for the $SPICE airdrop. Here’s a step-by-step guide:

    1. Connect Your Wallet to Arrakis Finance

      Connect your MetaMask or other supported wallets to the Arrakis Finance Vault page. Switch the network to Ethereum, Polygon, Optimism, or Arbitrum, depending on where your funds are located.

    2. Provide Liquidity to Vault

      Select a liquidity pool you want and deposit your token pairs. Each pool has different rewards and fee tiers.

      If you want to minimize impermanent loss risk, stablecoin pair LPs are a safer choice.

    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 Arrakis team has confirmed on Discord that there will be a $SPICE airdrop. More details to be announced soon.

    Airdropped Token Allocation: The token allocation for Vault liquidity providers is yet to be determined. However, those who participated in the $GEL Lockdrop Program last year will split the 30 million $SPICE airdrop pro-rata.

    Airdrop Difficulty: The steps are straightforward. You just have to provide liquidity to the Arrakis Vault. However, keep in mind that real funds are used, as it is deployed on the mainnets.

    Token Utility: $SPICE is the native governance token of Arrakis Finance that adds new incentive mechanisms to its protocol.

    Token Lockup: The tokenomics of $SPICE is not yet finalized.

  • ConsenSys Free NFT Airdrop Guide: CLAIM NOW!

    ConsenSys Free NFT Airdrop Guide: CLAIM NOW!

    ConsenSys is celebrating the upcoming Ethereum Shanghai/Capella upgrade with the launch of a new NFT collection called “Ethereum, Evolved: Shanghai”. The NFT claim period begins on April 12, 2023, at 9pm EST and lasts for 72 hours. If you have a MetaMask wallet, you can mint the open edition for free (excluding gas fee). So act fast to claim your piece of Web3 history!

    Learn more about the Ethereum Shanghai (Shapella) upgrade and the road toward Ethereum 2.0 here.

    ConsenSys Free NFT Claim Step-by-Step Guide

    Here’s how to claim the free ConsenSys NFT:

    1. Visit the “Ethereum, Evolved: Shanghai” NFT Minting Page
    2. Connect Your MetaMask Wallet
    3. Mint and Claim NFT
    4. View NFT on MetaMask Portfolio

    See below for more in-depth details!

    About ConsenSys

    ConsenSys is a leading blockchain technology company that focuses primarily on the Ethereum ecosystem. Joseph Lubin, an Ethereum co-founder, established it in 2014. The company aims to drive decentralized applications (dApps) and infrastructure adoption on Ethereum. It provides tools, products, and services like MetaMask and Infura to help developers, businesses, and individuals build next-gen applications and access decentralized web technologies.

    ConsenSys is also a founding member of the Enterprise Ethereum Alliance (EEA). This global organization consists of various businesses, startups, research institutions, and Ethereum experts. Launched in 2017, the EEA’s primary goal is to develop open, blockchain-based standards and promote Ethereum adoption in enterprises. Through member collaboration, the EEA seeks to create best practices, architectural guidelines, and industry-specific use cases. This approach helps integrate Ethereum into the business world more effectively and securely.

    About the Ethereum Shanghai/Capella Upgrade

    The Shanghai/Capella upgrade is a technological milestone in the history of blockchain that will enable users to withdraw staked Ethereum assets. The upgrade is expected to have significant improvements for stakers, the Ethereum staking ecosystem, and DeFi, reducing liquidity risk and inspiring confidence in liquid staking protocols.

    The upgrade will also enable Staking withdrawals, increasing the portability of stake and driving further innovation in the staking sector. Stakers will be able to evaluate different offerings based on factors such as rewards maximization, validator performance, simplicity of the user experience, and fees, and will play a critical role in preserving Ethereum’s values.

    Our previous article, ‘Ethereum Shanghai Upgrade: Liquid Staking Derivatives are Coming,’ delves into the subject in depth.

    How to Claim the Free ConsenSys NFT Airdrop?

    You can claim your free NFT at the ConsenSys minting page. The claim window will be open for 72 hours starting from 9pm EST on April 12, 2023. Here’s a step-by-step guide:

    1. Visit the “Ethereum, Evolved: Shanghai” NFT Minting Page

      Go to the “Ethereum, Evolved: Shanghai” NFT minting page, which is powered by ConsenSys.

    2. Connect Your MetaMask Wallet

      In order to mint the NFT, you will need to connect your MetaMask wallet. The network is on the Ethereum mainnet.

    3. Mint and Claim NFT

      Click the “Claim Your NFT” button, confirm your MetaMask address, and you will have minted yourself an NFT! The mint itself is free, but you will need some ETH to cover gas fees. You can also choose to mint again, but be careful of the gas fee.

      Keep in mind that the Ethereum network may get busier at times, as more people are rushing to mint the NFT. Gas fees can get higher when the network is congested.

    4. View NFT on MetaMask Portfolio

      Once you claimed your NFT, you can see it in your MetaMask Portfolio under the NFTs tab. You can also trade it on OpenSea.

  • SpartaDex ($SPARTA) Token Airdrop Guide: Testnet LIVE NOW!

    SpartaDex ($SPARTA) Token Airdrop Guide: Testnet LIVE NOW!

    What is SpartaDex?

    SpartaDex is a unique concept of decentralized exchange with implemented gaming layer, built on Arbitrum. It allows users to build their Spartan settlement, gather resources, recruit an army and conquer barbarian territories. The yield and profits are directly related to the user’s progress through the game.

    SpartaDex incentivizes liquidity providers of whitelisted pools with their native $SPARTA token. Providing liquidity to selected pairs of partner projects also rewards in the project token.

    Does SpartaDex Have a Token?

    Yes, SpartaDEX has a native token called $SPARTA. The project team has announced on Twitter that there will be a $SPARTA token airdrop for the community.

    How to Get the $SPARTA Token Airdrop?

    The best chance to get the $SPARTA token airdrop is to (1) hold a Spartan NFT and (2) interact with the app:

    1. The project team has confirmed that Spartan NFT holders are eligible for future airdrops. All NFTs have been minted already, but you can purchase one in OpenSea.
    2. The SpartaDex testnet is now live on Polygon Mumbai. Only whitelisted addresses are able to interact with it now (those who completed the Galxe campaign). However, its mainnet will launch on Arbitrum later this year, and it is open to the public. Those who missed the whitelist opportunity can then interact with the game for a chance to get the 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. (pascuccirestaurant.com)

    Likelihood of Airdrop: SpartaDex has confirmed a $SPARTA token airdrop for Spartan NFT holders and early app users once the token is launched.

    Airdropped Token Allocation: The project team has not yet published details of the airdropped token allocation.

    Airdrop Difficulty: Consider purchasing a Spartan NFT if you are prepared to maintain ownership over an extended period; otherwise, it may not be a valuable investment.

    Token Utility: Staking $SPARTA provides Real Yield, which comes not only from commissions earned by the exchange but also from income generated by game-related microtransactions.

    Token Lockup: Tokens allocated to ecosystem rewards will follow a 72-month linear vesting with halving mechanism. On the other hand, tokens allocated to the project team and advisors will follow a 6-month cliff and an 18-month linear vesting.

  • ChainHop Token Airdrop Guide: LIVE NOW!

    ChainHop Token Airdrop Guide: LIVE NOW!

    ChainHop is a composable omnichain liquidity aggregation protocol that enables one-click, cross-chain swaps with the deepest liquidity and the best rate. The project has hinted at launching its own token. Early users who’ve used the platform to do cross-chain swaps may get an airdrop!

    ChainHop Airdrop Step-by-Step Guide

    Here’s how to receive a potential ChainHop token airdrop:

    1. Connect Your Wallet to ChainHop
    2. Perform Cross-Chain Swap

    See below for more in-depth details!

    What is ChainHop?

    ChainHop is an Open API that allows swapping tokens between different chains by using liquidity from various DEXes and bridges. It does this by leveraging cross-chain message passing, allowing the protocol to aggregate multi-chain liquidity sources. It also offers white label solutions for DEXes, NFT platforms and marketplaces, Wallets, GameFi projects, and much more.

    Over the past six months, ChainHop has been audited by leading blockchain security firms PeckShield and SlowMist.

    Partnership with Celer Network

    ChainHop has partnered with Celer Network to build inter-chain messaging. The ChainHop project has been drawing liquidity from the biggest DEXes in the crypto industry coming from 7 different blockchains: Ethereum, Polygon, BNB Chain, Fantom, Optimism, Avalanche, and Arbitrum. The partnership between ChainHop and Celer Network will enable developers to easily access the cross-chain liquidity protocol to build cross-chain DeFi, NFT marketplaces, IDO launchpad platforms, and more.

    Does ChainHop have a Token?

    ChainHop does not have a token at the moment. However, they have mentioned in their user document that they might launch one in the future. Additionally, early users of the protocol can potentially qualify for an airdrop.

    How to Get ChainHop Token Airdrop?

    The best chance to get the ChainHop Token Airdrop is to perform cross-chain swaps on their platform. Here’s a step-by-step guide:

    1. Connect Your Wallet to ChainHop

      Visit the ChainHop Exchange App and connect your MetaMask or other supported wallets. There are seven mainnet chains to choose from. Make sure you have enough funds to cover gas fees.

    2. Perform Cross-Chain Swap

      Select a source chain and the token you want to swap, then select a destination chain and the token you want to receive. Confirm the transaction and you’re done!

      You can also swap tokens within the same chain, but we recommend swapping on different chains. The more chains you interact with, the more on-chain evidence you generate that could qualify you for a potential ChainHop token 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: ChainHop does not have a token at the moment, but could launch one in the future. Early users can potentially qualify for an airdrop.

    Airdropped Token Allocation: There is no tokenomics yet.

    Airdrop Difficulty: All you have to do is swap tokens between different chains. Keep in mind that they are mainnets, which means you will need real money to swap and cover gas fees.

    Token Utility: There is no token yet.

    Token Lockup: There is no tokenomics yet.

  • Tribe3 Token Airdrop Guide: LIVE NOW!

    Tribe3 Token Airdrop Guide: LIVE NOW!

    Tribe3 testnet is currently live, which means users of the protocol can potentially qualify for an airdrop. In this article we will explain what Tribe3 is and what you can do to position yourself for the airdrop.

    You can use our referral code 9FPQI37 to sign up with their testnet!

    Tribe3 Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Tribe3 token airdrop:

    1. Connect Your Wallet to Goerli Test Network
    2. Claim GoerliETH from Faucet
    3. Get TETH on Tribe3
    4. Trade NFT Collections
    5. Avatar and Battle (Coming Soon)
    6. Refer your friends to earn Tribe3 points

    See below for more details.

    What is Tribe3?

    Tribe3 is an interactive NFT futures exchange that enables users to participate in gamified trading of NFT perpetual futures with leverage. In addition to trading, users can take part in NFT tribe battles against fellow community members, earning valuable in-game items that can be used to create unique and personalized NFT avatars.

    Unique Selling Point

    Tribe3 is trying to solve the issues of high transaction fees, unaffordable floor prices, and low liquidity in the NFT market by introducing NFT perpetual floor price futures with leverage. They are essentially building a trading platform for users to get price exposure to NFTs via futures without the need to own the underlying NFTs. Moreover, they want to make the experience fun for users by adding gamified and social elements.

    Who is the Team behind Tribe3?

    Tribe3 was founded by Leo, who previously worked in private equity investments at the EQT Group and leveraged finance at Citi. Their team consists of skilled professionals from finance and computer science backgrounds, based in Asia. Tribe3 is backed by well-known venture capital firms including The Spartan Group, Infinity Ventures Crypto (IVC), and Newman Capital.

    Does Tribe3 have a Token?

    Tribe3 has not officially announced a token launch or an airdrop yet. But, rumors on Crypto Twitter are speculating that it is very likely there will be. This is because a utility token is necessary to power a gaming ecosystem like Tribe3, and it can also help to reduce fees for trading. Additionally, Tribe3 has stated in their blog post that Tribe3 points will give users greater rewards later on such as token airdrops. This means Tribe3 will be doing multiple airdrops, so it is worth positioning yourself now.

    How to Receive Potential Tribe3 Airdrop?

    Time needed: 10 minutes

    The best way to receive a potential Tribe3 airdrop is to register and interact with their testnet. There are primarily three things which we can do on the platform: trading, battling, and building your own NFT avatar. These are on-chain activities that can potentially qualify you for the snapshot.

    1. Connect Your Wallet to Goerli Test Network

      Go to testnet.tribe3.xyz and connect your MetaMask wallet. Switch the network to the Goerli Test Network. At the top screen, you can use our referral code 9FPQI37

    2. Claim GoerliETH from Faucet

      To get testnet tokens on Tribe3, you will first need some GoerliETH for gas fees. Go to goerli-faucet.mudit.blog or goerlifaucet.com to claim some GoerliETH.

    3. Get TETH on Tribe3

      After obtaining some GoerliETH in your wallet, you can open your wallet details by clicking on the top right corner of the screen. There you will see “Get TETH” at the bottom, which is the testnet token on Tribe3. Click it and approve the transaction, and you will receive 20 TETH. Keep in mind you can only claim it once, as each user will only be entitled to receive a maximum of 20 TETH.

    4. Trade NFT Collections

      Go to “Trade” and select any NFT collection you would like to trade by clicking the dropdown menu “Switch Collection” to trade. You’ll see a chart that shows the collection’s floor price variations over a 1D, 1W or 1M timeframe.

      Afterwards, you can set up a long or short order with leverage. You can also adjust your collateral ratio located at the right tab, “Adjust Collateral.” The higher the collateral ratio, the lower the chance of your position being liquidated. Click on “Show Advanced Details” to see important information such as contract size, entry price, and liquidation price.

      Now, if you want to close your position, click on the middle tab, “Close.” You can adjust the slider to partially or completely close your position.

      You can check all your open positions at testnet.tribe3.xyz/dashboard. Also, they made a leaderboard to show the highest performing traders. Being at the top could potentially increase your airdrop chance and size!

    5. Avatar and Battle (Coming Soon)

      Both the Avatar and Battle features are coming soon, and they may also be possible airdrop criteria. Stay up to date on their Twitter or Discord channel for updates on their release!

    6. Refer your friends to earn Tribe3 points

      Earn Tribe3 points with the Tribe3 Referral Program. You will receive Tribe3 points when you first join Tribe3 with a referral code (You can use our referral code 9FPQI37), and when you invite friends and they become a Tribe3 user. Tribe3 points will be used for their “trade to earn” program. Also, Tribe3 points will play a crucial role in the project ecosystem through trading, NFT avatar, and battle. Having more Tribe3 points will also give you greater rewards later on. For example, future token airdrops and a Tribe3 NFT avatar.

    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: Tribe3 has not made any official announcement regarding a token launch or an airdrop yet. But it is very likely that they will conduct a token launch and a retroactive airdrop to gain traction, given the gamified ecosystem’s need for a utility token for transactions and the backing of multiple venture capital firms. They have also hinted that Tribe3 points will give you token airdrops later on. So expect the project to have multiple airdrops.

    Airdropped Token Allocation: There are no available tokenomics yet.

    Airdrop Difficulty: Trading on Tribe3 is very easy and almost risk-free. It uses TETH, which are testnet tokens, to trade NFT futures.

    Token Utility: Their token utility is unknown, but if there is a token, it is likely it will be used for battle rewards, to NFT Avatar upgrades, and transaction fee reduction.

    Token Lockup: There are no available tokenomics yet.

  • Polynomial Protocol $OP Token Airdrop Guide: LIVE NOW!

    Polynomial Protocol $OP Token Airdrop Guide: LIVE NOW!

    Polynomial Protocol is a decentralized derivative exchange powered by the Synthetix Protocol on Optimism. They have distributed Optimism ($OP) airdrops to active users in the past and could do so again. In this article, we will briefly explain what Polynomial Protocol is and what you can do to position yourself for the retroactive airdrop.

    What is Polynomial Protocol?

    Polynomial Protocol is built on top of Synthetix, with $SNX stakers serving as counterparties for transactions on Polynomial. By offering liquidity, $SNX stakers receive fees from the platform. Apart from trading, Polynomial offers two more products to make DeFi more accessible to users:

    1. Polynomial Earn Vaults: These are the first DeFi Options Vaults (DOV) that operate entirely on-chain by selling options directly to an Automated Market Maker (AMM).
    2. Polynomial Swap: This product streamlines the swapping process on Optimism, particularly for synthetic assets. Non-synthetic assets are routed through 1inch to ensure a seamless experience.

    Does Polynomial Protocol have a Token?

    Salman Naseer, founder of Polynomial Protocol, said in Discord that they are not planning a token launch at the moment. In the meantime, active users can only claim Optimism ($OP) tokens as rewards.

    How to Get Retroactive $OP Airdrop on Polynomial?

    The best chance to get another retroactive $OP airdrop is to interact with the Polynomial Trade, Earn, and Swap features. Here’s a step-by-step guide:

    1. Connect Your Wallet to Polynomial Protocol

      Connect your MetaMask or other supported wallets to the Polynomial Protocol trading app. The available networks are Optimism and Ethereum.

    2. Create Polynomial Smart Wallet

      After you connected your wallet, you will need to create a Polynomial smart contract wallet. For this part, you also need some ETH to cover gas fees.

    3. Deposit sUSD in Smart Wallet

      After creating your smart wallet, you will need to deposit at least $50 sUSD to start trading. You can use the swap feature to get sUSD.

      If you don’t have funds in Optimism, you can bridge your assets via the MetaMask bridge aggregator (this could also qualify you for the $MASK airdrop). You can also buy sUSD on KuCoin and transfer them to your Optimism wallet.

    4. Trade Perpetual Futures

      You can now trade perpetual futures on the platform. Polynomial has a detailed guide on how to open up standard orders or limit orders for long and short positions.

    5. Use Earn Vaults

      You can deposit sETH or sUSD to earn yields in the Polynomial Earn Vaults. It is important to note that these vault strategies are subject to market risks. Check out their earn documents to understand more.

    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 no official announcement of the next retroactive $OP airdrop yet. But Polynomial is growing, so there is a good chance there will be another incentive for the community.

    Airdropped Token Allocation: The airdropped token allocation is unknown.

    Airdrop Difficulty: The trading platform offers a user-friendly interface and operates on the Optimism mainnet. As with any investment, it is advised to only use funds that one is prepared to risk.

    Token Utility: Polynomial has no plans to launch its own token yet.

    Token Lockup: Polynomial has no plans to launch its own token yet.

  • LimeWire ($LMWR) Token Airdrop Guide: LIVE NOW!

    LimeWire ($LMWR) Token Airdrop Guide: LIVE NOW!

    LimeWire is making a comeback under new ownership as a digital collectible marketplace focused on art and the music industry. In celebration of its comeback, LimeWire is launching a huge giveaway campaign featuring a $1,500,000 prize pool. To participate, join the official waitlist and invite friends for a chance to win up to 100,000 $LMWR tokens!

    Visit the LimeWire waitlist page and click on “Join Waitlist” before it ends on May 2nd!

    What is LimeWire?

    LimeWire was a popular peer-to-peer file-sharing platform in the 2000s, with over one-third of all computers globally having installed the program in 2007. It was primarily used for downloading and distributing pirated music, which led to its shutdown as a result of copyright infringement issues.

    LimeWire is now returning as an NFT marketplace deployed on Ethereum, and its comeback has also been featured on CoinTelegraph. The platform caters to the art and entertainment space, initially focused on music. Artists will earn the largest portion of income and maintain full autonomy, ownership, and authority over their creations. Moreover, LimeWire will provide the option for direct credit card transactions, removing the necessity for crypto wallets.

    $LMWR Token

    Token Utility

    The LimeWire Token ($LMWR) is an ERC-20 utility token central to the LimeWire ecosystem, offering users various perks and benefits in a loyalty-tier system. Users can pay with $LMWR for discounts, tipping creators, and accessing exclusive content. (https://vallartainfo.com) Creators can earn in USD or $LMWR for a larger revenue share, and both users and creators can receive activity rewards.

    $LMWR also enables governance, with holders having voting rights and participating in the LimeWire Foundation’s decisions. Royalty distribution from pay-per-view revenues is also done in $LMWR tokens.

    Tokenomics

    The total supply of $LMWR tokens is fixed at 1 billion. 43% of the total supply will be distributed to the community, including a 1 million $LMWR allocation to be awarded evenly to all LimeWire Original NFT holders.

    How to Get the $LMWR Airdrop?

    The top 4,000 referrers are eligible for the $LMWR airdrop, with the prize value distributed as follows:

    • Top referrer gets 100,000 $LMWR (USD $30,000)
    • Referrers ranked 2 to 6 each get 50,000 $LMWR (USD $15,000)
    • Referrers ranked 7 to 4000 each get 100 $LMWR (USD $30) and one LimeWire Original NFT (USD $750)

    Visit the LimeWire waitlist page and click on “Join Waitlist”. Enter your email and verify it in your inbox. You can now share your unique referral link with friends to improve your rank!

    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: LimeWire has confirmed airdropping $LMWR tokens. It will take place on May 2nd.

    Airdropped Token Allocation: $1.5 million worth of $LMWR tokens will be distributed to the top 4,000 referrers.

    Airdrop Difficulty: Simply visit the LimeWire waitlist page and click on “Join Waitlist”.

    Token Utility: The LimeWire Token ($LMWR) is an ERC-20 utility token offering users perks and benefits within the LimeWire ecosystem, facilitating payments, earnings, activity rewards, governance, and royalty distribution for both users and creators.

    Token Lockup: Community pre-sale has no lockup and a 3-month linear release. Public Sale Option I has a 6-month lockup and a 6-month linear release, while Public Sale Option II has no lockup or vesting period.

  • SoonSwap ($SOON) Token Airdrop Guide: Ends 31 March!

    SoonSwap ($SOON) Token Airdrop Guide: Ends 31 March!

    SoonSwap is giving away 2.1 million $SOON tokens in airdrop rewards. To qualify, you will need to sign up and complete simple tasks by 31st March 2023. In this article, we will explain what SoonSwap is and what you can do to position yourself for the airdrop.

    SoonSwap ($SOON) Airdrop Step-by-step Guide

    Here’s how to receive a potential SoonSwap ($SOON) airdrop:

    1. Follow and retweet SoonSwap on Twitter.
    2. Join SoonSwap Discord.
    3. Join SoonSwap Telegram.
    4. Link your ERC20 wallet address.
    5. Get extra entries with a referral link.

    See below for more details

    What is SoonSwap?

    SoonSwap is an Ethereum-based NFT marketplace that operates on a decentralized automated market maker (AMM) system. The platform combines an order book matching mechanism with an AMM liquidity pool to enhance pricing discovery mechanisms and simplify NFT asset trading. With SoonSwap, NFTs can be traded more efficiently and at better prices, promoting increased accessibility and liquidity for users.

    The platform also offers users the ability to exchange NFTs for tokens and vice versa, while also providing a passive income opportunity to users and community members through farming actively adding liquidity to the AMM LP pools.

    Does SoonSwap have a Token?

    Yes, SoonSwap confirmed in its document that there will be a $SOON token. It serves as a certificate for community participation in governance, allowing holders to vote on proposals, allocate liquidity incentives, and initiate upgrade proposals. (sweet-factory)

    According to the tokenomics, the total supply of $SOON is 1 billion tokens, and 2% of it is allocated to early adopters as airdrop rewards.

    How to Receive $SOON Airdrop?

    Sign up on SoonSwap Airdrop Gleam page and complete the following tasks to earn entries for the airdrop reward:

    1. Follow and retweet SoonSwap on Twitter.
    2. Join SoonSwap Discord.
    3. Join SoonSwap Telegram.
    4. Link your ERC20 wallet address.
    5. Get extra entries with referral link.

    The higher entries you have, the more likely you will receive the airdrop. SoonSwap confirmed that the top 7,000 participants will be rewarded with $SOON.

    Airdrop Review

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

    Likelihood of Airdrop: SoonSwap is airdropping 2.1 million $SOON tokens to participants who signed up for the Gleam page before 31st March 2023.

    Airdropped Token Allocation: 2% of the total $SOON supply (1 billion) is allocated to airdrops.

    Airdrop Difficulty: The tasks on the Gleam page are very easy to complete.

    Token Utility: $SOON serves as a certificate for community participation in governance, allowing holders to vote on proposals, allocate liquidity incentives, and initiate upgrade proposals.

    Token Lockup: 50% at TGE and 50% after 3 months’ cliff.

  • Script Network ($SCPT + $SPAY) Token Airdrop Guide: LIVE NOW!

    Script Network ($SCPT + $SPAY) Token Airdrop Guide: LIVE NOW!

    The Script Network testnet just went live, and you can earn points from completing simple tasks, which directly correspond to your token rewards. In this article, we will explain what Script Network is and what you can do to position yourself for the airdrop.

    You can use our referral code 9GYApp1S3I to sign up for their testnet!

    Script Network ($SCPT + $SPAY) Airdrop Step-by-step Guide

    Here’s how to get a potential Script Network airdrop:

    1. Sign up for Script Network
    2. Interact with Script Network
    3. Create a wallet.
    4. Request $SPAY and $SCPT tokens from faucet.
    5. Stake tokens
    6. Transfer tokens between wallets
    7. Complete tasks on Crew3

    See below for more details

    What is Script Network?

    Script Network, also known as Script TV, is a decentralized streaming platform powered by their own layer-1 protocol, Script Blockchain. It aims to solve some of the problems the current streaming industry is facing. Apart from video streaming services, the system provides incentives for decentralized bandwidth and content-sharing, all at a more affordable rate than conventional service providers. Moreover, users can earn tokens (i.e. $SPAY) and other rewards from watching content, hence their watch-to-earn economy model.

    Script Blockchain

    Script Blockchain is a specialized blockchain designed to relay video and data. Its unique multi-BFT consensus design includes Validator Nodes and Lightning Nodes that propose and verify new blocks. The blockchain also supports Turing-complete smart contracts, allowing for new user experiences and attribution models for DApps.

    With smart contracts, users can enjoy digitized item ownership, innovative payment models, and trustless crowdfunding mechanisms. As a result, community members can host and relay live stream video data globally. The network is run by thousands of community members, eliminating the need for a single central server or service.

    Who is the Team behind Script Network?

    Abiel Alazar and Akeem Ouko are the co-founders of Script Network, which has a team of team skilled professionals with previous work experience at Sony, HBO, Spotify, EA, PayPal, Nike, and Adidas. They’re backed by some of the prominent Web3 organizations including Chainlink, NFTrade, Poolz, and Gate.io.

    Does Script Network have a Token?

    Yes, in fact, Script Network uses a dual token system — $SCPT and $SPAY:

    • $SCPT is the governance token used to manage the network and content through a decentralized autonomous organization (DAO), with a fixed supply of 1 billion tokens. It can also be used as payment for advertising and earned by running a node. Furthermore, users can stake $SCPT to receive crypto and NFT rewards.
    $SPCT token utility
    $SPCT token utility (Image source: Medium)
    • $SPAY is the operational token that is used for serves as a means of rewards, transactions, and upgrading ScriptGLASS, which is the required NFT for watch-to-earn. Unlike $SCPT, $SPAY has a token supply of 5 billion with a 7%-9% yearly inflation. Its primary function is to facilitate all transactions on the blockchain, including payment for sharing a video stream, interacting with smart contracts, and NFT transaction fees, among others.
    $SPAY token utility
    $SPAY token utility (Image source: Medium)

    How to Receive $SPAY Airdrop?

    Script Network has confirmed airdropping 10% of the total $SCPT supply and 7.5% of the initial $SPAY supply to the community. Here’s how to potentially get a $SPAY airdrop:

    1. Sign up for Script Network
    2. Interact with Script Network
    3. Create a wallet.
    4. Request $SPAY and $SCPT tokens from faucet.
    5. Stake tokens
    6. Transfer tokens between wallets
    7. Complete tasks on Crew3

    Sign up for Script Network

    Go to token.script.tv/tv and click “sign in/sign up.” Connect your wallet such as MetaMask, and then sign up with your email. You can use our referral code 9GYApp1S3I.

    Interact with Script Network

    Once you have logged into Script Network, you’ll see all the channel and program schedules as you scroll down. You can select any video to watch, and there is a live chat room as well!

    Go to token.script.tv/dashboard to see your account analytics. You can see your rewards and referral code here. There are also other features on the DApp, but they aren’t open currently.

    As of now, there are four ways to earn points for the airdrop:

    1. Log in every day.
    2. Watch at least one video every day.
    3. Talk on the live chat.
    4. Invite friends with a referral code.

    Create a wallet

    To qualify, you need to sign up at the Script Network website here. To create a new wallet click “Create a Wallet” at the bottom of the page. Then you will be required to set up a password, tick the disclaimer, and download keystone onto your device. Afterward, copy down the 12-word recovery phrase and keep it safe. Finally, unlock your wallet to continue.

    Script Network wallet
    Script Network wallet

    Request $SPAY and $SCPT tokens from faucet

    To request $SPAY tokens, go to “Receive” in your wallet and “Faucet”. Afterward, you will be automatically logged out and asked to re-login. This is for security reasons. You will receive your testnet $SPAY tokens within 10–15 minutes.

    To request $SCPT tokens, you will need to type in your Script Native wallet address in their #scpt-token-faucet Discord channel. You will receive your testnet $SCPT tokens within 24 hours.

    Stake tokens

    Note this option is only available to those who are running a test edge, lightning or validator node.

    Transfer tokens between wallets

    To transfer tokens, go to “Send” in your Script wallet. Choose which token ($SPAY or $SCPT) you wish to send, the destination address and the amount. Then hit “Send” and confirm the transaction with your wallet password.

    Complete tasks on Crew3

    Script Network has a Crew3 Questboard where users can complete tasks in order to earn XP points. Tasks include signing up to Script Network, joining and participating in their social media channels etc. The team has confirmed on their Discord channel that the XP rewards earned on Crew3 may be converted to rewards and used as the snapshot for the leaderboards. To participate in the Script Network Crew3, go to their Crew3 Questboard, connect your wallet, and complete the tasks.

    Script Network Crew3
    Script Network Crew3

    Script Network 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: Script Network has confirmed a $SCPT and $SPAY airdrop to the community.

    Airdropped Token Allocation: 10% of the total $SCPT supply and 7.5% of the initial $SPAY supply will be airdropped.

    Airdrop Difficulty: The four tasks are very easy to complete, just make sure to do them every day.

    Token Utility: $SCPT is the governance token used to manage the network and content display, whereas $SPAY will be the operational token for transaction fees, rewards, and upgrading the ScriptGLASS NFT.

    Token Lockup: The issuance of $SCPT tokens will follow a strict vesting schedule, indicating that Validators agree not to trade tokens during the initial six months and instead contribute them to the staking pool during this timeframe to facilitate the network’s functioning.

  • Spin ($SPIN) Token Airdrop Guide: How to get a second airdrop?

    Spin ($SPIN) Token Airdrop Guide: How to get a second airdrop?

    Spin is a decentralized crypto trading platform built on NEAR Protocol. It offers users a secure, fast, transparent, and cost-effective way to trade in digital assets. Their user experience is designed to be competitive with centralized exchanges, while still providing the benefits of decentralization. Spin has already completed its first airdrop in December 2022 and was a huge success. Don’t worry if you missed out on their first airdrop because Spin is now in the final countdown for its second (bigger) airdrop, and a snapshot will be taken soon. Here’s our guide on how you can get the second Spin token airdrop.

    Spin ($SPIN) Airdrop Step-by-step Guide

     Spin has successfully completed its first airdrop in December 2022. Here’s how to get the second $SPIN token airdrop:

    1. Use Spin mainnet.
    2. Participate in the Spin community.
    3. Own Spin NFTs.

    See below for more details.

    What is Spin?

    Spin is a decentralized trading platform built on NEAR Protocol. It provides users with a range of products and services designed to meet the needs of both novice and experienced traders, DeFi investors, and those seeking passive income. Spin combines the best of CeFi and DeFi to create an advanced 360° trading platform that offers a user experience comparable to that of a centralized exchange, without compromising on security, speed, transparency, or trading costs. Their features include spot trading, instant swaps, and perpetual features. They will also be launching their Automated Investment Products (AIPs) soon.

    What is the Spin token?

    Spin has a native token known as $SPIN and is a utility and governance token. Utilities of the $SPIN token include:

    • Staking $SPIN can entitle you to 50% of the platform’s fees.
    • Trading actively on Spin can get you $SPIN token incentives as a reward.
    • Market makers receive $SPIN according to the amount of liquidity they provide, the spreads, and their uptime.
    • Vault users can receive rewards for depositing in Vaults (e.g. options premiums) and $SPIN tokens.

    $SPIN has a total token supply of 1 billion tokens, of which 2.0% of the total token supply (i.e. 20 million $SPIN) will be allocated towards airdrops. Of this, 0.5% i.e. 5 million $SPIN have already been distributed in their first airdrop. So the second larger is going to be 3 times the size of the first!

    How to receive $SPIN airdrop?

    Spin has already done a first airdrop in December 2022. During this airdrop, 0.5% of the total token supply (i.e. 5 million $SPIN), were allocated to the Early Adopters’ Airdrop.

    Spin confirmed they will have a final $SPIN token airdrop for not-so-early users before their token launch, and which activities will qualify. 1.5% of the total $SPIN token supply (i.e. 15 million $SPIN), will be distributed in this airdrop. But, the vesting period will be stricter and longer. Here’s how to get the second $SPIN token airdrop:

    1. Use Spin mainnet.
    2. Participate in the Spin community.
    3. Own Spin NFTs.

    Use Spin mainnet

    Spin’s mainnet has already been launched and all activities on it will count towards the second airdrop. Their protocol offers spot, perpetuals trading, and decentralized option vaults (DOV). To use Spin’s mainnet, go to their website and click “Trade on Spin”. Then, connect your wallet. You can then trade on their perpetual markets, spot markets and swaps. They also have a “Strategies” feature which allows users to choose a strategy to deposit funds. These Strategies will then start to generate income from option premiums. This is by running a weekly automated covered call strategy. Note however that this is Spin’s mainnet, so you will be using your own funds to trade.

    Earn yield with Spin's Strategies
    Earn yield with Spin’s Strategies

    Participate in the Spin community

    Be an active participant in the Spin community by following their Twitter, and joining their Discord and Telegram. You can also go to Spin’s Crew3 questboard to complete their quests. However, this is only available for those who have the Spinosaur role on Discord.

    Own Spin NFTs

    Spin has released its own set of Freaky Elves NFTs. Owning a Freaky Elf NFT gives you the following perks:

    • Guaranteed and priority access to the SPIN IDO (Initial DEX Offering).
    • Access to premium product features on Spin. Such as fee discounts, early access to alpha features, special avatars, etc.
    • Get special Discord roles and private chat access with other NFT holders.

    All Freaky Elf NFTs have been minted. However, you can buy them from NFT marketplaces such as Para.

    How to claim Spin token airdrop?

    As mentioned, Spin has already done a first token airdrop where 0.5% of the total $SPIN supply (i.e. 5 million $SPIN) was airdropped to users. These airdropped $SPIN tokens are required to be locked up for 3 months after the public token sale. To claim your first Spin token airdrop, go to their Airdrop Page and connect your wallet.

    Spin airdrop claim page
    Spin airdrop claim page (Image source: Spin)

    Spin 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: Spin has done a successful airdrop before and confirmed they will do a second one soon.

    Airdropped Token Allocation: 1.5% of the token supply (i.e. 15 million $SPIN), will be distributed in this airdrop.

    Airdrop Difficulty: Participating in this airdrop is going to be difficult. Users will have to be active on the Spin mainnet, and although they have different products to choose from (e.g. spot or perpetual trading), it does require users to use their own funds. Spin has also confirmed that holding its Freaky Elves NFT may entitle you to airdrops, but these have all been minted already. So you will need to buy them from NFT marketplaces.

    Token Utility: $SPIN and is a utility and governance token. $SPIN is also distributed as a reward for various activities on the protocol.

    Token Lockup: Those who received the first $SPIN airdrop are locked up for 3 months after the public token sale. The team has said that the lockup for the second $SPIN token airdrop will be “stricter and longer”, but it is unknown how long it will actually be.