Boxmining

Tag: Ethereum

  • Taiko ($TKO) Token Airdrop Guide: Phase 1 airdrop confirmed!

    Taiko ($TKO) Token Airdrop Guide: Phase 1 airdrop confirmed!

    Taiko is a ZK-EVM scaling solution for Ethereum, similar to zkSync and StarkNet. Taiko token airdrop has been confirmed and Phase 1 of the airdrop has begun! In this article, we will explain what Taiko is and how to position yourself for the $TKO airdrop.

    Check out our EXCLUSIVE Taiko Airdrop trip to farm mainnet for FREE!

    Taiko Airdrop 200 IQ TRICK (Farm Mainnet for FREE)

    Taiko ($TKO) Airdrop Step-by-Step Guide

    Here’s a step-by-step guide on how to get a potential Taiko ($TKO) token airdrop:

    1. Add Taiko Network to MetaMask
    2. Claim Faucet Tokens
    3. Bridge Testnet Tokens
    4. Deploy a Smart Contract to Taiko A1
    5. Run a Node on Taiko
    6. Complete Galxe Tasks

    See below for more details.

    What is Taiko?

    Taiko is building a decentralized and Ethereum-equivalent (Type 1) ZK-EVM. Taiko’s goal is to scale Ethereum in a manner that emulates it as closely as possible – both technologically and ideologically. They have raised $22 million across two funding rounds and launched their latest testnet (Alpha-3) in their mission to build a decentralized and Ethereum-equivalent (Type 1) ZK-EVM.

    The Taiko alpha-3 testnet is the latest update and is a significant milestone on the journey towards a decentralized, Ethereum-equivalent ZK-EVM. This testnet will be critical in testing much of the network design and components. It’s also known as Grímsvötn. The primary purpose of the alpha-3 test network is to evaluate the economic design and implementation of new protocols, including new fee/reward structures.

    Technical Overview of Type-1 ZK-EVM

    Ethereum-equivalent ZK-Rollups, also known as ZK-EVMs, are the ideal layer-2 scaling solution as they do not sacrifice security or compatibility. Taiko aims to be a type-1 ZK-EVM, putting perfect EVM/Ethereum equivalence over ZK proof generation speed.

    The various types of ZK-EVMs can be distinguished by how closely they adhere to Ethereum’s architecture at the base layer, such as the Merkle Patricia Tree for the state trees, the execution client specification, and the gas costs for each opcode.

    Different types of ZK-EVMs (Source: Taiko Labs)

    These ZK-EVMs make compromises between compatibility and proof generation cost, with Type 1 ZK-EVMs prioritizing compatibility over cost. This type is also known as “Ethereum-equivalent” because it does not alter any aspect of the Ethereum architecture, including the hash function, state trees, and gas costs. This allows existing execution clients to be reused with minimal modifications.

    Who is the Team behind Taiko?

    Taiko Labs is co-founded by Daniel Wang, the founder and former CEO of Loopring — an EVM DEX protocol powered and scaled by zero-knowledge proof technology. In July 2022, Wang brought in Brecht Devos, his former Chief Architect at Loopring, to lead the project’s zero-knowledge research and development team. As of now, the company has more than twenty people across thirteen countries with most people having an engineering and cryptography background.

    Does Taiko have a Token?

    Yes, Taiko Labs confirmed it in their white paper that they will have a Taiko Token ($TKO). The protocol mints $TKO to reward block verifiers. The token is transparent to L2 users, providing a seamless user experience equivalent to that on the Ethereum chain.

    Users will pay transaction fees in ETH, and block proposers will receive these fees for each block they successfully propose. In return, block proposers must burn a certain amount of $TKO to participate in the protocol, and pay ETH to Ethereum validators for block inclusion in L1 blocks.

    Taiko Alpha-1 Testnet – Confirmed Airdrop Strategy

    Taiko launched their Alpha-1 Testnet in late December 2022. It consists of two networks: Taiko A1, a fully decentralized Ethereum-equivalent ZK-Rollup, and Ethereum A1, the latter serving as the L1 network. The testnet includes L1 and L2 nodes with the Taiko protocol contracts deployed and a mining interval of 12 seconds. In their user document, Taiko has a guide for what users can do in the testnet, which strongly hints at a potential airdrop strategy.

    On 22nd May 2024, Taiko ($TKO) launched its Phase 1 airdrop, with 5% of the initial token supply up for grabs!

    The best way to receive $TKO airdrop is to bridge tokens between Ethereum A1 and Taiko A1, deploy smart contracts, and run a node. Completing these steps puts you in a great position to be eligible for an airdrop. Here’s a step-by-step guide:

    1. Add Taiko Network to MetaMask

      You can automatically add Taiko A1 and Ethereum A2 to your MetaMask at their wallet configuration page. If it doesn’t work, you can instead manually add the networks at their RPC configuration page.

    2. Claim Faucet Tokens

      After adding the network to your MetaMask, you will need testnet tokens to interact with their protocol. Go to l1faucet.a1.taiko.xyz for Ethereum A1 ETH, and l2faucet.a1.taiko.xyz for Taiko A1 ETH. You will need to make a Tweet and put your wallet address in the post. Copy your Tweet’s link and paste on the request box as shown in the image below. This is to prevent bots from abusing the faucet.

    3. Bridge Testnet Tokens

      Now you can use the bridge to transfer assets between Ethereum A1 and Taiko A1. As a prerequisite, you will need some testnet ETH on either A1 networks. Some transfers may take a while, but you can check your transactions in their bridge contracts.

    4. Deploy a Smart Contract to Taiko A1

      You will need to install Foundry to deploy a smart contract on Taiko A1. You only need to have the private key to an account that has some ETH on Taiko A1 to pay the small transaction fee for deploying the contract. It should only take about 15 minutes. Taiko has a complete guide on this here.

    5. Run a Node on Taiko

      According to the team, this is the most important part of the testnet, as Taiko is a community-driven protocol. This step alone has the highest chance to get you qualified for a potential airdrop. The complete guide is on their user document. But if you are still confused, a contributor on their Discord channel posted a detailed guide on setting up a node for windows.

    Taiko Alpha-2 Testnet – Confirmed Airdrop Strategy

    Here’s how to potentially receive an airdrop in Taiko’s Alpha-2 Testnet:

    1. Add Sepolia и Taiko (Alpha2 Testnet) to Metamask.
    2. Claim testnet tokens using Sepolia Faucet and Horse/BLL.
    3. Add these 2 token contract addresses to your wallet: Bull Token — 0x6048e5ca54c021D39Cd33b63A44980132bcFA66d and Horse Token — 0xCea5BFE9542eDf828Ebc2ed054CA688f0224796f.
    4. Connect your wallet to Taiko bridge.
    5. Transfer tokens from Sepolia to Taiko A2. To do this, go to the “Bridge” tab, choose the Sepolia Network, and choose your token type and amount. Then, click on “Bridge”. Remember to also transfer the $HORSE and $BLL tokens!
    6. Transfer tokens from Taiko A2 to Sepolia. This is basically the same steps as point 5 above.

    How to Receive Potential $TKO Airdrop for Taiko Alpha-3 Testnet

    Here’s how to potentially receive an airdrop in Taiko’s Alpha-3 Testnet:

    1. Add Sepolia Network to Metamask.
    2. Add Taiko (Alpha-3 Testnet) to Metamask.
    3. Get Sepolia ETH at either https://sepolia-faucet.pk910.de, faucet-sepolia.rockx.com or sepoliafaucet.com.
    4. Connect your wallet to the Taiko Faucet and mint 50 Bull ($BLL) and 50 Horse ($HORSE) tokens. If you don’t see these tokens in your Metamask it may be because you have not added the token address. Click “Import tokens” on your Metamask and input the token details.
    5. Go to Taiko Bridge and bridge $ETH, $BLL and $HORSE from the Sepolia to Taiko network. You may need to increase the gas in order to avoid the transaction failing.
    6. Claim your transfer by going to the Transaction page and clicking “Claim”. Then, confirm the transaction on Metamask.
    7. Complete tasks on Taiko’s Galxe page. Tasks include answering their quizzes, bridging and swapping funds.

    Taiko Quiz Answers

    Here are the answers for the Taiko Quizzes on their Galxe page:

    Exclusive: How to farm Taiko Mainnet for free!

    Taiko is currently running Season 1 of their Trailblazers campaign which will end on 16th September 2024. As Taiko has launched its mainnet, you would usually need to use real funds to complete the tasks for the potential airdrop. However, with our EXCLUSIVE tips and tricks, you can farm the Taiko airdrop for FREE! Here’s how to farm the Taiko potential airdrop for free:

    • Connect wallet to https://crackandstack.com/
    • Play Crack & Stack. Crack & Stack is a PvP game that rewards you in ETH for mining as quickly as possible and avoiding the goblins. You have 10 free games per day.
    • With your earned ETH, transact on platforms such as World of Dypians and 0xAstra.
    • Transact on World of Dypians by claiming the free boxes.
    • Transact on 0xAstra by collecting daily logins.
    • You can also use the ETH earned in Crack & Stack to cover any transaction fees on Taiko mainnet. This way, you will not need to bridge your ETH to Taiko or deposit real funds to the platform.

    TIP: On Crack & Stack, the objective is to mine as fast as you can. However, do not be greedy until you have around 20 seconds on the timer as you want as much movement speed as you can. Your inventory space will start flashing yellow so your movement speed will be a little bit slower, but not slow enough for people to kill you. It also does not matter if you die in the game because you will still earn ETH on your wallet.

    Taiko token airdrop eligibility criteria?

    Taiko proposers, provers, bridgers, users (including Galxe users) and developers are eligible for the Taiko token airdrop. GitHub contributors and Loopring community members that meet the specified conditions are also eligible. Note however the activities are weighted and a score is assigned to them. You will only be eligible if you meet the minimum score and any conditions set by the Taiko team.

    How to check your eligibility for the Taiko token airdrop?

    Here’s how to check your eligibility for the Taiko token airdrop:

    1. Go to https://claim.taiko.xyz/
    2. Click “Check eligibility” at the top of the page
    3. Connect your wallet (e.g. MetaMask) and GitHub account, if any.
    4. Bind your wallet and GitHub account.

    Note that users have 7 days i.e. until 30th May 2024 to check their eligibility. Once the claim window is open, eligible users will have 1 month to claim their TKO tokens.

    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: Taiko has a guide for what users can do to interact with their testnet, which strongly hints at a potential airdrop strategy.

    Airdropped Token Allocation: Taiko confirmed they will have a token known as $TKO, but the tokenomics are unknown.

    Airdrop Difficulty: The latest Taiko Alpha-3 Testnet only requires you to use testnet funds to bridge, which is relatively simple. Deploying a smart contract and running a node on Taiko however, may need a bit more technical knowledge.

    Token Utility: The $TKO utility is unknown.

    Token Lockup: The $TKO token lockup is unknown.

  • Polygon zkEVM (MATIC) Token Airdrop Guide: LIVE NOW!

    Polygon zkEVM (MATIC) Token Airdrop Guide: LIVE NOW!

    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:

    1. Add Polygon zkEVM to MetaMask
    2. Bridge to Polygon zkEVM
    3. Interact with Polygon zkEVM DApps
    4. BONUS: trade on Satori Finance
    5. DOUBLE BONUS: Join in the zkEVM saga with Intract x Polygon to get free NFTs

    See below for more in-depth details!

    What is Polygon zkEVM?

    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:

    1. 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.

    2. 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.

    3. 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:

      Decentralized Exchanges (DEXs):
      1. Quickswap
      2. Kokonut Swap
      3. Dove Swap
      4. Mantis Swap

      Lending Protocol
      1. 0vix

    4. Interact with Quickswap

      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.

    5. 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.

    6. 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.

    7. 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.

    8. 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”.

    9. 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.

    10. 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.

    Token Lockup: No mentions of token lockup.

  • Arbitrum ($ARB) Token Airdrop: Arbitrum Odyssey how to guide

    Arbitrum ($ARB) Token Airdrop: Arbitrum Odyssey how to guide

    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.

    Check out our LayerZero Airdrop Guide for another highly anticipated token airdrop.

    Arbitrum ($ARB) Airdrop Step-by-step Guide

    Here’s how you can potentially claim your $ARB tokens faster and buy, sell, or trade your $ARB before everyone else:

    1. Make your own RPC endpoint on Alchemy.
    2. Pre-approve the token contract.
    3. Have sufficient ETH ready.
    4. Know where to trade $ARB.

    See below for more details.

    What is Arbitrum?

    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.

    source: ethereum.org

    What is an Optimistic Rollup?

    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.

    In September 2021, Offchain Labs raised $120 million in a Series B funding round from the likes of Alameda Research, Pantera Capital, Lightspeed Venture Partners, and many other major crypto venture capitals. The team has since then expanded to a global community of developers, academics and operators, with deep experience in cryptography, decentralized systems, and game theory.

    Leading DApps on Arbitrum Ecosystem

    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.

    source: news.cryptorank.io/

    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:

    1. Bridge to Arbitrum

      Bridged assets into Arbitrum One or Arbitrum Nova.

    2. 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.

    3. 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.

    4. Transaction Value

      Conduct transactions with more than $10,000 in aggregate value. The higher the value, the more tokens you will receive.

    5. 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.

    6. 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:

    1. Make your own RPC endpoint on Alchemy.
    2. Pre-approve the token contract.
    3. Have sufficient ETH ready.
    4. Know where to trade $ARB.

    Make your own RPC endpoint on Alchemy

    Here’s how to make your own RPC endpoint on Alchemy:

    1. Sign up for Alchemy here.
    2. Create an app for Arbitrum. Make sure you select “Arbitrum” under “Chain”.
    3. Click “View Key” on the main page. There, you will get an RPC https URL.
    4. 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:

    • ByBit (Sign up here!)
    • Binance
    • Bitfinex
    • Kucoin
    • OKX
    • Bitmart
    • Bitfinex
    • Huobi
    • Bitget
    • Bitrue
    • Gate.io
    • MEXC

    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

  • Orbiter Finance Token Airdrop Guide: Huge gains to be made!

    Orbiter Finance Token Airdrop Guide: Huge gains to be made!

    Orbiter Finance is the hottest bridge for emerging layer-2 blockchains right now. They have confirmed they will issue a token. No airdrop has been officially announced yet, but it IS hinted. This means that no snapshot has been taken yet, and early users can potentially earn huge airdrop rewards. In this article, we will explain what Orbiter Finance is and what you can do to position yourself for their potential airdrop.

    Orbiter Finance Airdrop Step-by-step Guide

    Here’s how you can get a potential Orbiter Finance token airdrop:

    1. Connect your MetaMask or other Ethereum/Polygon/zkSync/Arbitrum wallet.
    2. Select the chain you want to send your assets to.
    3. Complete the transaction.
    4. Get Discord Roles
    5. Claim Orbiter Pilots NFT

    See below for more details.

    What is Orbiter Finance?

    Orbiter Finance is a decentralized bridge that supports cross-rollup transfers between Ethereum and other layer-2 blockchains such as zkSync and Arbitrum. Users can move ETH, USDC, USDT, and DAI between those supported networks.

    It is secured by a series of smart contracts that involves two roles: Sender and Maker. The Maker provides liquidity for the transfer initiated by the Sender. If the Maker does not carry out their role, the Sender can initiate an arbitration request to the contract with the Maker’s margin and receive compensation for any excess losses.

    Does Orbiter Finance have a Token?

    Orbiter Finance does not have a token yet, as they are currently focusing on developing the protocol and improving user experience. However, in a recent Tweet, they strongly hinted at issuing a token as well as a possible airdrop. Moreover, Orbiter Finance has closed its first round of funding with participation from Tiger Global, A&T Capital, StarkWare, and even Vitalik Buterin. As such, DeFi projects backed by major players tend to launch a token after product completion.

    How to Receive Potential Orbiter Finance Token Airdrop?

    The best chance to receive Orbiter Finance token airdrops is to bridge ETH or stablecoin assets between the 11 supported networks. Here’s how to get a potential Orbiter Finance airdrop:

    1. Connect your MetaMask or other Ethereum/Polygon/zkSync/Arbitrum wallet.
    2. Select the chain you want to send your assets to.
    3. Complete the transaction.

    Although it is recommended to bridge assets frequently to increase your airdrop chances, there will be a transaction fee. However, Orbiter will modify its fees based on the Gwei of the destination network to maintain a fee that is below the average, but this will not happen frequently due to the volatile nature of gas fees. The sender can view the current fee on the Orbiter website.

    Get Discord Roles

    Get higher ranking roles on Orbiter Finance’s Discord by completing tasks on their Guild page. The requirements for the Orbiter Finance roles are as follows:

    1. Member: Connect your wallet to the Guild page.
    2. Flying Alien: Have the UFO emoji in your Twitter username and follow Orbiter Finance’s Twitter.
    3. Trainee Pilot: Complete 3-9 transactions on Orbiter Finance.
    4. Pilot: Complete 10-49 transactions on Orbiter Finance.
    5. Elite Pilot: Complete 50-99 transactions on Orbiter Finance.
    6. Expert Pilot: Complete 100-499 transactions on Orbiter Finance.
    7. Ace Pilot: Complete 500 transactions or more on Orbiter Finance.

    You can check the number of transactions by connecting your wallet here. Note that the allowlist is only updated once a week on Mondays, so you will need to check the Guild page frequently. You must have a role of Trainee Pilot or above in order to be included in their allowlist.

    Claim Orbiter Pilots NFT

    Orbiter has created an NFT series for Orbiter Pilots (i.e. Orbiter users). There are 5 NFTs based on your Discord role. To claim your Orbiter Pilot NFT, connect your wallet to their Galxe Page and click “Claim”. Note you will need MATIC to pay for gas fees when claiming your NFTs.

    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 and airdrop by Orbiter Finance, but they hinted in their Tweet that they are considering issuing a token as well as a potential airdrop.

    Airdropped Token Allocation: Since there is no token launch 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 fee.

    Token Utility: Since there is no token launch yet, token metrics are not available.

    Token Lockup: Since there is no token launch yet, tokenomics data are not available.

  • ether.fi ($ETHFI) Token Airdrop Guide: Last chance for more points!

    ether.fi ($ETHFI) Token Airdrop Guide: Last chance for more points!

    ether.fi is a liquid staking protocol that is currently conducting its Early Adopter Programme. Users who staked ETH on the platform can earn bonus points, which could translate to an airdrop once the token is launched. The snapshot will be taken in mid-April, so don’t miss it!

    ether.fi ($ETHFI) Airdrop Step-by-Step Guide

    Here’s how to receive the $ETHFI token airdrop:

    1. Connect your wallet to the ether.fi mainnet.
    2. Stake ETH or ETH-pegged assets.

    See below for more in-depth details!

    What is ether.fi?

    ether.fi is a decentralized staking protocol that allows users to earn rewards by delegating staking to node operators. It is unique in that it is the only liquid staking protocol where stakers keep control of their keys while delegating staking to node operators and earning rewards. Users can deposit their ETH, wstETH, rETH, cbETH, sfrxETH into their Early Adopter Programme and earn rewards.

    The project’s smart contracts have been audited by reputable blockchain security firms CertiK and Zellic. They have also implemented a bug bounty program to incentivize security researchers to find vulnerabilities in their smart contracts.

    Project Funding

    Ether.fi has completed a $5.3 million funding round co-led by investors North Island Ventures (NIV) and Chapter One. The funding will be used to hire more engineers for the team and pursue further partnerships in addition to its current relationships with node operators such as Kiln and Finoa.

    Does ether.fi Have a Token?

    Yes, ether.fi is planning to launch its liquid staking derivative token $ETHFI. It will also function as a governance tool for the community.

    How to Get the $ETHFI Airdrop?

    As part of the ether.fi Early Adopter Programme, users who have staked ETH on the platform can earn bonus points, which could translate to an airdrop once the token is launched. The snapshot will be taken mid-April. Here’s a step-by-step guide:

    1. Connect Your Wallet to ether.fi

      Connect your MetaMask or other supported wallets to the ether.fi mainnet. Make sure the page is on “Early Adopter”. You can see this on the top middle of the screen.

    2. Stake ETH or ETH-pegged Assets

      You can stake ETH, rETH, cbETH, wstETH or sfrxETH on their Early Adopter Pool to earn loyalty points. The deposit amount may not be lower than 0.1. Once ether.fi is fully launched, you will be able to migrate your deposit to EtherFi staking.

      Loyalty points will help boost your staking rewards when ether.fi mainnet launches on 2nd May 2023.

      When ether.fi mainnet launches on 2nd May 2023, your staking rewards will be increased if you decide to stake with them and have loyalty points. There may also be a potential for extra airdrop!

      Keep in mind your points will reset after each deposit. You can withdraw at any time with no penalty, but you will lose your bonus points in doing so.

    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: ether.fi is currently conducting its Early Adopter Programme. Users who have staked ETH on the platform can earn bonus points, which could potentially convert to an airdrop upon the token’s launch.

    Airdropped Token Allocation: Their tokenomics is not yet available.

    Airdrop Difficulty: All you have to do is stake ETH or ETH-pegged assets on the platform. Make sure you have enough ETH to cover gas fees.

    Token Utility: $ETHFI is a liquid staking derivative token which also functions as a governance tool for the protocol.

    Token Lockup: Their tokenomics is not yet available.

  • EchoDex ($ECP) Token Airdrop Guide: LIVE NOW!

    EchoDex ($ECP) Token Airdrop Guide: LIVE NOW!

    EchoDEX is built on the Linea Network, a zero-knowledge Ethereum Virtual Machine incubated by ConsenSys. The testnet has recently launched, and the team has confirmed that users can earn $ECP airdrops by using the protocol!

    EchoDEX ($ECP) Token Airdrop Step-by-Step Guide

    Here’s how to get the EchoDEX ($ECP) token airdrop:

    1. Connect to Linea Goerli Test Network
    2. Claim Faucet Tokens on EchoDEX Testnet
    3. Swap Tokens
    4. Provide Liquidity
    5. Mint NFT
    6. Send Tweet and Wallet Address to Discord Testnet Proof Channel

    See below for more in-depth details!

    What is EchoDEX?

    EchoDEX is a decentralized exchange platform built on the Linea Network (formerly ConsenSys zkEVM). It is designed for fast and secure trading of cryptocurrencies with low fees. The platform features aggregator liquidity, which combines multiple liquidity pools from various platforms or exchanges to offer a more competitive rate to traders.

    In addition to trading, EchoDEX offers users the opportunity to earn $ECP tokens through various means, including swapping their cryptocurrencies, participating in their farming program, or staking their tokens. EchoDEX provides a reliable and convenient trading experience for all crypto enthusiasts with its user-friendly interface and top-notch security protocols.

    Does EchoDEX Have a Token?

    Yes, EchoDEX’s native token is $ECP. Although there are no released tokenomics, EchoDEX already uses it as an incentive reward as part of its “Swap to Get $ECP” program. Users who trade crypto can earn $CEP that will be airdropped directly into their wallet. The more trades you make, the more you earn!

    How to Get the EchoDEX ($ECP) Token Airdrop?

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

    1. Connect to Linea Goerli Test Network

      Go to the EchoDEX testnet and connect your MetaMask wallet. Switch the network to Linea Goerli Test Network or manually add it on ChainList.

    2. Claim Faucet Tokens on EchoDEX Testnet

      On the EchoDEX Faucet page, you must first follow their Twitter and join their Discord. After doing so, you can claim 0.03 LineaETH once per day.

    3. Swap Tokens

      Use the Swap feature. If you encounter gas issues, try swapping again or wait until you can claim more faucet tokens to cover gas fees.

    4. Provide Liquidity

      Deposit your token pairs at the Liquidity Pool page. As a liquidity provider, you can earn swap fees.

    5. Mint NFT

      Claim a free EchoDEX NFT to mark your place in the EchoDEX community! Remember to import the NFT address to your MetaMask in order to view it:

      Contract Address: 0xf893Ba09d5aac3dfaFc0E706a9f7778eC71788b4
      Token ID: 24767

    6. Send Tweet and Wallet Address to Discord Testnet Proof Channel

      Like and retweet EchoDEX’s Tweet about the testnet steps. Tag three friends, then take a screenshot and send it to the Discord Testnet Proof Channel.

    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: EchoDEX has confirmed airdropping $ECP tokens as part of its “Swap to Get $ECP” program.

    Airdropped Token Allocation: The total token supply is yet to be revealed.

    Airdrop Difficulty: Simply swap tokens, provide liquidity, and mint an NFT to earn $ECP airdrops. Follow EchoDEX on Twitter, like and retweet their testnet tweet, and tag 3 friends. Take a screenshot and send it to the Discord Testnet Proof Channel, along with your wallet address.

    Token Utility: The team will announce the details of the $ECP token soon.

    Token Lockup: There is no tokenomics yet.

  • 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.

  • 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.

  • ParaSpace Token Airdrop Guide: LIVE NOW!

    ParaSpace Token Airdrop Guide: LIVE NOW!

    ParaSpace recently introduced an incentive program in which users’ actions and activities earn points that can be redeemed for ParaSpace governance tokens through an airdrop when the token launches. Moreover, users have the opportunity to receive a 300% boost in points accumulation until June 30, 2023. In this article, we will explain what ParaSpace is and what you can do position yourself for the airdrop.

    ParaSpace Airdrop Step-by-Step Guide

    1. Connect Wallet to ParaSpace App
    2. Supply ERC-20 or ERC-721 Tokens to ParaSpace
    3. Liquidate NFTs
    4. Borrow ERC-20 Tokens
    5. Stake ApeCoins ($APE) in Auto Compound Pool
    6. Stake NFTs in Auto Compound Pool
    7. Use Share Staking Pool
    8. Buy NFT with Credit

    More in-depth details can be found below!

    What is ParaSpace?

    ParaSpace is a cross-margin NFT lending protocol that enables users to borrow ETH, stablecoins, and supported ERC-20 tokens against various crypto assets such as blue-chip NFTs, ERC-20 tokens, and Uniswap V3 LPs. The platform allows NFT owners to lend and borrow ERC-20 tokens against a diverse array of non-fungible investments, while ERC-20 holders can earn yields through lending against NFTs.

    According to DefiLlama, ParaSpace is the second largest NFT lending protocol in total value locked ($100.5 million) at the time of writing. It is also the sister company of Parallel Finance ($PARA), and both platforms have been audited by some of the top smart contract security firms such as Certik, Trail of Bits, and Veridise.

    Does ParaSpace have a Token?

    ParaSpace does not have a token yet, but has confirmed that it will launch a governance token in the future. Token holders will be a part of the platform’s decentralized autonomous organization (DAO).

    How to Get ParaSpace Token Airdrop?

    ParaSpace recently announced an incentive program where users’ actions and activities are rewarded with points that will be redeemed for ParaSpace governance token via airdrop when the token launches. Additionally, users can enjoy a 300% boost for earning points until 30th June, 2023. Here’s a step-by-step guide:

    1. Connect Wallet to ParaSpace App

      Connect your MetaMask or other supported wallets to app.para.space. The network is Ethereum Mainnet. You will need ERC-20 tokens or ERC-721 (NFTs) to interact with the protocol. Make sure you have enough ETH to cover gas fees.

    2. Supply ERC-20 or ERC-721 Tokens to ParaSpace

      If you own any blue-chip NFTs such as Bored Apes or CryptoPunks, you can supply them to the protocol to earn yields. Click the “supply” button on the main page.

      Similarly, you can also lend out ERC-20 tokens to earn yields.

    3. Liquidate NFTs

      You can perform liquidations for both the user account and tokens held within the account in the Liquidation section.

    4. Borrow ERC-20 Tokens

      You can borrow ERC-20 tokens from the protocol, but you will first need to supply NFTs or ERC-20 tokens as collateral.

    5. Stake ApeCoins ($APE) in Auto Compound Pool

      You can stake your $APE in the ParaSpace ApeCoin Pool to earn high APY rewards. You can also borrow $APE to stake if you don’t have any.

    6. Stake NFTs in Auto Compound Pool

      For NFT owners with or without ApeCoins, you can stake your NFTs in the NFT Staking Pools to earn $APE.

    7. Use Share Staking Pool

      You can create $APE listings or NFT listings for the Share Staking Pool. This allows you to find other users to match with your assets for staking purposes and share the APY rewards.

    8. Buy NFT with Credit

      You can also buy listed NFT collections with ETH in the ParaSpace marketplace.

    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: ParaSpace has confirmed users’ actions and activities will be rewarded with points that will be redeemed for ParaSpace tokens via airdrop when the token launches. Additionally, users can enjoy a 300% boost for earning points until 30th June, 2023.

    Airdropped Token Allocation: ParaSpace is still designing its tokenomics for long-term sustainability.

    Airdrop Difficulty: It is recommended to engage in this activity only if you have experience borrowing and lending Ethereum NFTs. You will need ERC-20 tokens or ERC-721 (NFTs) to interact with the protocol. You will also need some ETH to cover gas fees.

    Token Utility: The ParaSpace token will be used for governance of the lending protocol.

    Token Lockup: Details of token lockup period is not yet available.

  • 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.

  • Opyn Token Airdrop Guide: How to Qualify for Potential Snapshot

    Opyn Token Airdrop Guide: How to Qualify for Potential Snapshot

    Opyn is an options trading platform built on Ethereum. It currently does not have a token, but the team announced on Discord that they will consider launching one as the protocol matures. As early users, we are in an opportune position to potentially earn massive token rewards. In this article, we will explain what Opyn is and what you can do to position yourself for the airdrop.

    Opyn Airdrop Step-by-step Guide

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

    1. Connect Wallet to Opyn
    2. Trade Squeeth (oSQTH Token)
    3. Deposit on Crab USDC Strategy
    4. Deposit on Zen Bull ETH Strategy
    5. Provide Liquidity on Uniswap V3 SQTH-ETH Pool

    See below for more details

    What is Opyn?

    Opyn is a DeFi options trading protocol that allows users to buy, sell or create options on ERC-20 tokens. It is powered by Squeeth, short for squared ETH, which is a derivative contract that tracks the index of ETH². This allows traders to make a leveraged bet on ETH, while also having protection from losses and not needing to worry about being forced to sell.

    Does Opyn have a Token?

    As of now, Opyn does not have a token yet. However, the team announced on Discord that they plan to launch one down the line as the protocol becomes more decentralized. Moreover, they also mentioned that most of the tokens will be distributed to the community, DAO, or in the form of grants. This means airdrop opportunities for early users of the protocol!

    How to Receive Potential Opyn Token Airdrop?

    The best chance to receive a potential Opyn token airdrop is to trade Squeeth (oSQTH token) or use deposit strategies on the platform. It is on the Ethereum mainnet, so you will need some ETH for trading and gas fees. Here’s a step-by-step guide:

    1. Connect Wallet to Opyn

      Go to opyn.co and connect your MetaMask or other supported wallets. Switch the network to Ethereum, and have some ETH ready.

    2. Trade Squeeth (oSQTH Token)

      Use ETH to buy oSQTH at opyn.co/squeeth. You can enter a long or short position, and it will tell how much your profit/loss and breakeven point is if ETH price goes up or down.

      You can see all of your open positions at opyn.co/positions, and close them anytime.

    3. Deposit on Crab USDC Strategy

      You can earn yields on your USDC on opyn.co/strategies/crab. It is worth noting this strategy favors sideways market conditions for ETH, hence its name.

    4. Deposit on Zen Bull ETH Strategy

      You can earn yields on your ETH on opyn.co/strategies/bull. This strategy favors low volatility markets where the price of ETH trends upwards.

    5. Provide Liquidity on Uniswap V3 SQTH-ETH Pool

      You can provide SQTH-ETH liquidity at Uniswap via opyn.co/lp. It gives you exposure to ETH 1.5x leverage, but you give up some of your Squeeth in exchange for trading fees.

    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: Opyn doesn’t have a token yet, but the team mentioned that they will launch one as the protocol grows in the future.

    Airdropped Token Allocation: The team mentioned that most of the tokens will be distributed to the community, DAO, or in the form of grants. This means airdrop opportunities for early users of the protocol!

    Airdrop Difficulty: The steps are easy to complete, but it will require ETH.

    Token Utility: Token utilities are unknown.

    Token Lockup: There are no available tokenomics yet.

  • Onchain Trade ($OT) Token Airdrop Guide: LIVE NOW!

    Onchain Trade ($OT) Token Airdrop Guide: LIVE NOW!

    Onchain Trade has deployed its beta on Arbitrum and zkSync, and users of the protocol can potentially qualify for an airdrop. In this article, we will explain what Onchain Trade is and what you can do to position yourself for the airdrop.

    Onchain Trade ($OT) Airdrop Step-by-Step Guide

    Here’s how to get a potential Onchain Trade ($OT) airdrop:

    1. Buy $OT on Onchain Trade Website
    2. Connect Wallet to Arbitrum or zkSync
    3. Claim Goerli ETH from Faucets
    4. Claim Testnet Tokens on Onchain Trade
    5. Trade on Onchain Trade
    6. Provide Liquidity on Onchain Trade
    7. Stake Assets on Onchain Trade

    See below for more details.

    What is Onchain Trade?

    Onchain Trade is a new perpetual decentralized exchange (DEX) that offers single token liquidity pools instead of the traditional token pairs in automated market makers (AMMs). This is done by grouping deposited tokens with its native OSD algorithmic stablecoin to form a virtual pair. This approach reduces the risk of impermanent loss, allowing for better capital efficiency for traders, liquidity providers, and third-party projects.

    What is Backing the Peg of OSD Stablecoins?

    OSD is backed by all the assets in liquidity pools that have a positive OSD balance as well as the treasury. When users trade, they use a starting price to form a pricing curve, similar to Uniswap. However, unlike Uniswap, they only need to use one token instead of two. By essentially connecting all assets to OSD, the protocol aims to maintain stability and avoid sharp price fluctuations seen in other algorithmic stablecoin projects, most notably Terra Luna.

    It is important to note that algorithmic stablecoins are still deemed unstable because of its dependency on strong liquidity and market mechanisms. If a large investor were to take actions that significantly impacted the supply or demand of the asset, it could potentially affect the stability of the algorithmic stablecoin.

    Does Onchain Trade have a Token?

    Yes, Onchain Trade has confirmed in its document that there will be an $OT token. $OT is the governance token of the protocol and it has a non-transferable staking counterpart called vOT. $OT has a total supply of 100 million tokens and it will be launched on Arbitrum.

    According to the tokenomics, 50% will be allocated to liquidity/trading incentive and airdrops. Additionally, 10% will be up for public sale (IFO) from 10th March to 17th March 2023. $OT holders will also be eligible for an airdrop!

    How to Receive $OT Token Airdrop?

    The best way to receive $OT airdrop is to participate in the IFO and interact with their beta testnet. Here’s a step by step guide:

    1. Buy $OT on Onchain Trade Website

      Public sale will take place on the Onchain Trade website between 10th March and 17th March 2023. $OT holders will be eligible for an airdrop.

    2. Connect Wallet to Arbitrum or zkSync

      Go to beta.onchain.trade and connect your MetaMask. Switch the network to Arbitrum Goerli or zkSync Era Goerli (or Alpha Testnet if you added the RPC last year).

    3. Claim Goerli ETH from Faucets

      Claim Goerli ETH on goerli.portal.zksync.io/faucet for zkSync and faucet.triangleplatform.com/arbitrum/goerli for Arbitrum.

    4. Claim Testnet Tokens on Onchain Trade

      Click “Test tokens” at the top right side of the screen. Afterwards, you can see your account balance at beta.onchain.trade/portfolio.

      If you want to see it in your MetaMask, you will need to import the contract address of the tokens to see your account balance. To do this, click the transaction hash and it will redirect you to the block explorer, where you can copy and paste the information to your MetaMask.

    5. Trade on Onchain Trade

      Go to beta.onchain.trade/trade to swap tokens including OSD stablecoins, enter long positions, and short positions.

    6. Provide Liquidity on Onchain Trade

      Go to beta.onchain.trade/pools and select any available asset you want to deposit. After depositing, you will receive a single LP token. You can also use the borrow and repay feature.

    7. Stake Assets on Onchain Trade

      After providing liquidity, you can stake your LP tokens as well as $OT at beta.onchain.trade/earn. You can also use the borrow mining feature after borrowing assets.

    Onchain Trade ($OT) 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: Onchain Trade has confirmed in its document that there will be an airdrop.

    Airdropped Token Allocation: 50% of the total $OT supply will be allocated to liquidity/trading incentives and airdrop. An additional 10% will be airdropped to holders who buy $OT in the public sale from 10th March to 17th March 2023.

    Airdrop Difficulty: The steps are relatively easy. You can buy $OT in the public sale for more airdrops or you can interact with their beta testnet to qualify for the snapshot.

    Token Utility: $OT is the governance token of the protocol and it has a non-transferable staking counterpart called vOT.

    Token Lockup: The $OT tokens allocated for incentives will follow a 2 to 5 year vesting schedule. The team is allocated 20% of the total supply, which will be locked for the first three months and then distributed linearly over the next 24 months, resulting in a total lock-up period of 27 months.