Bungee is a tool powered by Socket that helps people find the best way to move a digital token from one blockchain to another. Bungee looks at different ways to move the token through different exchanges and bridges and takes into account any trades that need to be made before or after moving the token. Both Bungee and Socket do not have a token yet, but Bungee has recently gone live on zkSync Era. This means that interacting with Bungee may make you eligible for a potential zkSync airdrop. And by selecting certain routes, you may also be eligible for potential Stargate and LayerZero airdrops too! Here’s our guide on how to get FIVE TOKEN AIRDROPS IN ONE with Bungee, Socket, zkSync, Stargate and LayerZero!
Learn more:
- zkSync ($ZKS) Token Airdrop Guide: How to Earn Double Rewards!
- Socket token airdrop guide
- Stargate Finance ($STG) airdrop guide
- LayerZero ($ZRO) Token Airdrop Guide
Bungee Token Airdrop Step-by-step Guide
Here’s how to get a potential Bungee Token (as well as Socket, zkSync and LayerZero) airdrop:
- Connect your wallet to Bungee.
- Bridge tokens.
- Check gas settings.
- Bonus: Get Stargate and LayerZero airdrops.
Click here for more details.
What is Bungee?
Bungee is a bridge aggregator that is powered by Socket. It helps users find the best way to bridge Token X on Chain A to Token Y on Chain B. Bungee finds multiple routes for bridging through supported DEXes (Decentralized Exchanges) and bridges while taking into account any necessary swaps before or after bridging.
Want a chance to get triple airdrops? Check out our Socket token airdrop guide!
Does Bungee have a token?
Both Bungee and Socket do not have a token yet. However, Bungee has recently gone live on zkSync Era. zkSync is getting many new users and attention due to their potential airdrop. A similar bridging protocol on zkSync, Orbiter Finance, announced they will be launching a token. As a result, people are flocking onto Orbiter Finance and using their protocol in the hopes that there will be a token airdrop. So there may be a chance that Bungee and/or Socket may also do an airdrop to get more users.
How to receive a potential Bungee token airdrop?
The best method of receiving a potential Bungee airdrop is to interact with their protocol. Note however that Bungee is live on zkSync Era Mainnet, so you will be using real funds. Here’s how to receive a potential Bungee token airdrop:
- Connect your wallet to Bungee
Connect your wallet to https://www.bungee.exchange/
Using Bungee automatically positions you for a potential Socket airdrop because Bungee is built by Socket. - Bridge tokens
Bridge tokens from any chain (e.g. Ethereum, Arbitrum etc) to zkSync Era to get a potential zkSync airdrop too!
- Check your gas settings
You can also check out their Gas refuel option which allows you to deposit native tokens (gas) on the source chain and receive equivalent gas on the destination chain.
- BONUS: Get Stargate and LayerZero airdrops too!
You can choose the Stargate route to also position yourself for potential Stargate and LayerZero airdrops! This is because Stargate is the first ever dApp built on LayerZero.
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 confirmation of a token launch or airdrop by Bungee or Socket. But Bungee has recently gone live on zkSync Era. Meanwhile, a similar protocol on zkSync, Orbiter Finance, announced they will be launching a token. Because of this, people are flocking onto the protocol in the hopes that there will be a token airdrop. So there may be a chance that Bungee and/or Socket may also do an airdrop to get more users.
Airdropped Token Allocation: Since there is no token yet, tokenomics data are not available.
Airdrop Difficulty: If there is a potential airdrop, the steps to be eligible is fairly easy. All you have to do is connect your wallet on their platform and bridge assets to another chain. It is recommended to do this frequently, but be cautious of transaction fees.
Token Utility: Since there is no token yet, token metrics are not available.
Token Lockup: Since there is no token yet, tokenomics data are not available.