BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
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PoolTogether is a no-loss lottery platform that allows users to deposit crypto tokens into specific pools to win weekly prizes. Your deposits entitle you to “tickets” that rollover weekly till you withdraw funds from the pool. Unlike a traditional lottery, you don’t lose your deposits if you don’t win the prize.
PoolTogether uses your deposits and stakes them on Compound. The interest generated from staking activity is distributed as the weekly prize.
Click on the “Connect Wallet” button in the top right and select the wallet you want to use.
Click on the button labelled “Ethereum” at the top right.
Select “Polygon” from the list of networks.
Approve the wallet popup to switch networks.
For this guide, I’ve selected the USDC Polygon Pool. This pool requires you to deposit USDC. There are several pools on PoolTogether Polygon. Choose one that you prefer.
Click on the Deposit button and add the amount of tokens you want to deposit.
If this is your first time, you have to Approve the usage of that specific token. This step requires MATIC for Gas.
Once the transaction is successful, you can click on the “Deposit [TOKEN]” button and confirm the deposit in your wallet. This step also requires MATIC for gas.
Congratulations! You have successfully deposited tokens on PoolTogether Polygon.
PoolTogether is a no-loss lottery platform that allows users to deposit crypto tokens into specific pools to win weekly prizes. Your deposits entitle you to “tickets” that rollover weekly till you withdraw funds from the pool. Unlike a traditional lottery, you don’t lose your deposits if you don’t win the prize.
PoolTogether uses your deposits and stakes them on Compound. The interest generated from staking activity is distributed as the weekly prize.
Click on the “Connect Wallet” button in the top right and select the wallet you want to use.
Click on the button labelled “Ethereum” at the top right.
Select “Polygon” from the list of networks.
Approve the wallet popup to switch networks.
For this guide, I’ve selected the USDC Polygon Pool. This pool requires you to deposit USDC. There are several pools on PoolTogether Polygon. Choose one that you prefer.
Click on the Deposit button and add the amount of tokens you want to deposit.
If this is your first time, you have to Approve the usage of that specific token. This step requires MATIC for Gas.
Once the transaction is successful, you can click on the “Deposit [TOKEN]” button and confirm the deposit in your wallet. This step also requires MATIC for gas.
Congratulations! You have successfully deposited tokens on PoolTogether Polygon.
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