Introduction
This comprehensive guide will walk you through the steps to interact with the Turnkey Testnet for a potential airdrop. Turnkey is a project focused on secure and flexible wallet infrastructure, and participating in their testnet can position you for future rewards. While the exact criteria for an airdrop are often unannounced, engaging with the protocol’s features during its testnet phase is a common strategy for airdrop hunters.
Step-by-Step Turnkey Testnet Airdrop Guide
Follow these instructions carefully to maximize your chances of a potential Turnkey airdrop:
Step 1: Sign Up with Email
Navigate to the Turnkey Testnet wallet at https://wallet.tx.xyz/. You will be prompted to sign up using your email address. Enter your email and proceed with the email confirmation process.
Step 2: Export and Backup Your Wallet
Once you have successfully signed up and logged in, it is crucial to export and securely back up your wallet’s seed phrase or private key. Look for an “Export” option within your wallet interface. This step is vital for the security of your funds and to ensure you can recover your wallet if needed. Store this information in a safe, offline location.
Step 3: Fund Your Wallet with Sepolia ETH
To interact with the Turnkey Testnet, you will need Sepolia ETH, which is a testnet cryptocurrency. You can obtain Sepolia ETH from various faucets available online. Search for “Sepolia ETH faucet” to find resources that provide free testnet ETH. Once acquired, send the Sepolia ETH to your Turnkey Testnet wallet address.
Step 4: Send Sepolia ETH to Another Address
To demonstrate activity on the testnet, send Sepolia ETH from your Turnkey wallet to another address. This could be a friend’s Sepolia address or any other valid Sepolia address. The provided address 0x78B332c2AC94D5B2045fCdCd1a41B96Ae0A216cA can be used for this purpose. Performing this transaction helps to register your activity on the testnet.
Step 5: Send Daily (Optional but Recommended)
To increase your chances of a potential airdrop, it is often recommended to engage in consistent activity on the testnet. Sending Sepolia ETH daily to another address can be a way to show continuous interaction with the protocol. While not explicitly stated as a requirement for an airdrop, consistent engagement is a common factor considered by projects.
Project Overview: Turnkey – Secure Wallet Infrastructure
Turnkey is a crypto infrastructure company focused on providing secure, flexible, and scalable wallet infrastructure. Its core offering is private key management made simple, allowing users to create wallets, sign transactions, and automate on-chain actions through an elegant API. The project aims to address usability and security issues prevalent in existing crypto wallets, which have historically hindered broader crypto adoption.
Key Features and Approach:
Turnkey’s approach to wallet infrastructure is built around several key primitives:
• Embedded Wallets: Designed to increase conversion rates with seamless, in-app wallet experiences.
• Smart Wallet Signer: Leverages account abstraction to facilitate the development of user-friendly decentralized applications.
• On-chain Automation: Enables the automation of complex crypto transactions.
• Authentication: Supports familiar login methods like OAuth, passkeys, and email for faster user onboarding.
• Wallets & Signing: Provides secure, non-custodial wallet creation and high-speed transaction signing.
• Policy Engine: Allows for the creation of granular policies to manage transaction limits, user permissions, and enhance operational security.
• Sessions: Facilitates user sessions for transaction signing without requiring additional approvals.
Cryptographic Security:
Turnkey emphasizes cryptographic security from first principles, ensuring:
• Non-custodial: Users maintain full control over their wallets and private keys.
• Enterprise-grade: The team brings expertise from building Coinbase Custody, focusing on robust key management solutions.
• Secured by Trusted Hardware: All applications and services operate within secure enclaves (Trusted Execution Environments – TEEs).
• Verifiable: Turnkey’s code is designed to be independently verifiable, promoting transparency and trust.
Team Information:
Turnkey was founded by former Coinbase Custody builders in 2022. While a comprehensive list of all team members isn’t readily available through general searches, key figures and their backgrounds are often highlighted in funding announcements and company profiles. The team is described as low-ego, high-slope, and crypto-native, with over 100+ years of combined experience in cryptography, security, and low-level systems.
One of the co-founders and CEO is Bryce Ferguson [7]. Other notable individuals associated with Turnkey include Jack Kearney and Sam McIngvale [10]. The team’s background in building institutional-grade crypto custody solutions at Coinbase provides a strong foundation for their focus on security and scalability.
Funding Information:
Turnkey has successfully raised significant capital from prominent investors in the crypto and venture capital space. Most recently, Turnkey announced a $30 million Series B funding round [2, 3, 5, 7, 9]. This round was led by Bain Capital Crypto [9], with participation from other notable firms such as Sequoia Capital and Lightspeed Faction [6].
This Series B funding brings their total raised capital to $52.5 million [5]. The funds are intended to be used for scaling the team, expanding their modular infrastructure, and focusing on open-source contributions.
Revenue Model:
While specific details of Turnkey’s revenue model are not explicitly outlined in publicly available information, based on their offerings as a
B2B (business-to-business) infrastructure provider, their revenue model likely revolves around charging businesses for the use of their APIs and services. This could include:
• Tiered API Pricing: Charging based on usage, such as the number of wallets created, transactions signed, or API calls made.
• Licensing Fees: A one-time setup fee or recurring licensing fees for access to their platform and features.
• Maintenance and Support: Fees for ongoing maintenance, updates, and customer support.
While specific pricing details are not publicly disclosed, their focus on providing a scalable and secure solution for businesses suggests a service-based revenue model common among infrastructure providers in the tech industry.
Conclusion
Participating in testnets like Turnkey’s offers a valuable opportunity to engage with emerging blockchain technologies and potentially qualify for future airdrops. By following the steps outlined in this guide, you can actively contribute to the Turnkey ecosystem and position yourself for potential rewards. Remember to always prioritize security by backing up your wallet information and exercising caution with testnet funds.
References
Latest News on Turnkey
Turnkey: Latest Insights for Airdrop Hunters (June 2025)
Hey Airdrop Hunters! Looking for the latest alpha from Turnkey? We’ve sifted through their recent communications to bring you the essential updates. While Turnkey is making significant strides in the web3 infrastructure space, it’s important to note that there have been no direct announcements regarding an upcoming airdrop, snapshot events, or NFT claims from Turnkey itself in their recent posts.
Turnkey’s primary focus remains on providing robust, secure, and scalable wallet-as-a-service (WaaS) infrastructure for other crypto projects. Their updates revolve around strategic partnerships, security enhancements, and empowering their clients.
Project Highlights & What You Should Know
Turnkey is positioning itself as a foundational layer for the next wave of web3 adoption. Their recent activities highlight their commitment to security, scalability, and enabling complex on-chain operations for their partners.
Here’s a quick rundown of what’s been happening:
- Significant Funding: Turnkey recently closed a substantial $30M funding round, signaling strong investor confidence in their infrastructure vision. This capital will likely fuel further development and expansion.
- Infrastructure for Growth: Turnkey is enabling other projects to scale rapidly. A notable example is EarnOS, an on-chain rewards platform that leveraged Turnkey’s infrastructure to generate 3 million user wallets in just 60 days, doing so at a fraction of the cost. This demonstrates Turnkey’s capability to handle high-throughput demands for user-facing applications.
- New Partnerships: Turnkey is expanding its ecosystem by securing partnerships with innovative projects. They recently announced their role in securing VanishTrade, a private trading solution on Solana, which is “coming soon.”
- Emphasis on Security & Scalability: A core theme in Turnkey’s recent communications is the importance of asking critical questions about WaaS security. They highlight their own features like role separation, policy-based workflows, multi-chain support, and secure enclaves as essential for teams to scale without compromising security.
Key Project Updates
While direct airdrop news is absent, understanding Turnkey’s general progress and partnerships can be valuable for long-term monitoring. Here are some significant developments:
| Event Type | Details | Related Tweet |
|---|---|---|
| Funding Round | Turnkey secured a $30M raise, indicating strong backing and potential for future growth. | Tweet |
| Major Partnership | Powered EarnOS to create 3 million user wallets in 60 days, showcasing robust infrastructure for high-growth reward platforms. | Tweet |
| New Integration | Securing VanishTrade, a private trading solution for Solana, set to launch soon. | Tweet |
| Product Focus | Continued emphasis on secure, scalable, and verifiable wallet infrastructure for businesses, supporting stablecoins and diverse web3 applications. | Tweet |
Airdrop Hunter’s Outlook
Currently, Turnkey’s updates do not include any specific information for airdrop hunters regarding their own token, snapshots, or NFT claims. Their focus is clearly on the B2B infrastructure layer.
However, as Turnkey continues to onboard major projects and enable their scaling, it’s always wise to keep an eye on their ecosystem. While Turnkey itself hasn’t announced a direct reward program for users, projects built on Turnkey’s infrastructure (like EarnOS or VanishTrade) might introduce such programs in the future.
We recommend staying tuned to Turnkey’s official channels for any potential shifts in their strategy or new announcements that could eventually lead to community-facing incentives.
Michael Gu
Michael Gu, Creator of Boxmining, stared in the Blockchain space as a Bitcoin miner in 2012. Something he immediately noticed was that accurate information is hard to come by in this space. He started Boxmining in 2017 mainly as a passion project, to educate people on digital assets and share his experiences. Being based in Asia, Michael also found a huge discrepancy between digital asset trends and knowledge gap in the West and China.