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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QuickSwap is a DEX (Decentralized Exchange) that runs on the Polygon Network. It’s a fork of Uniswap. By running on a layer 2 solution like Polygon, QuickSwap achieves low fees and faster transaction times.
To learn more about the Polygon Network and Bridging funds from the Ethereum Mainnet to Polygon, check out this guide on using the Polygon Network for the first time.
https://rabbithole.mirror.xyz/Hm0zb1vkvx0yoj9EfvqCt119vsMdcD0Cp9Sk25hyNic
Click on the “Switch to Matic” button at the top right. This will then display a Metamask Pop-Up asking you to approve switching networks.
Click on the “Switch Network” button. This will then display another Metamask Pop-up asking you to approve connecting your wallet to QuickSwap.
Once you connect your wallet, the top right should be similar to the image below.
For this example, I’ve chosen to swap AAVE to ETH. If this is the first time you’re swapping a specific token on QuickSwap, you have to allow QuickSwap to use your token.
Click on the Approve button and sign the transaction. This step requires MATIC for gas.
Once the token is approved, the Swap button is enabled.
Click on the Swap button and then Confirm the Swap again. You will need to sign a transaction using your wallet. This step also requires MATIC for gas.
Once the transaction is processed, you should see the swapped token in your wallet.
QuickSwap is a DEX (Decentralized Exchange) that runs on the Polygon Network. It’s a fork of Uniswap. By running on a layer 2 solution like Polygon, QuickSwap achieves low fees and faster transaction times.
To learn more about the Polygon Network and Bridging funds from the Ethereum Mainnet to Polygon, check out this guide on using the Polygon Network for the first time.
https://rabbithole.mirror.xyz/Hm0zb1vkvx0yoj9EfvqCt119vsMdcD0Cp9Sk25hyNic
Click on the “Switch to Matic” button at the top right. This will then display a Metamask Pop-Up asking you to approve switching networks.
Click on the “Switch Network” button. This will then display another Metamask Pop-up asking you to approve connecting your wallet to QuickSwap.
Once you connect your wallet, the top right should be similar to the image below.
For this example, I’ve chosen to swap AAVE to ETH. If this is the first time you’re swapping a specific token on QuickSwap, you have to allow QuickSwap to use your token.
Click on the Approve button and sign the transaction. This step requires MATIC for gas.
Once the token is approved, the Swap button is enabled.
Click on the Swap button and then Confirm the Swap again. You will need to sign a transaction using your wallet. This step also requires MATIC for gas.
Once the transaction is processed, you should see the swapped token in your wallet.
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