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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 ...
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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,...
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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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Celo is a blockchain protocol that aims to reduce the barriers of entry to DeFi adoption. Celo is mobile-first, supports sending transactions to mobile numbers, has low gas fees, and supports stablecoins. These make Celo more accessible compared to other protocols
Open the Metamask extension on your browser and select the dropdown at the top where it says “Ethereum Mainnet.”
Select the “Custom RPC” option, and you’ll see this form.
Enter the following information in the respective fields
Network Name: Celo (Mainnet)
New RPC URL: https://forno.celo.org
Chain ID: 42220
Currency Symbol: CELO
Block Explorer URL: https://explorer.celo.org
Click “Save”
Note: Metamask does not natively support Celo compatibility and some features may not work properly. For example, you have to pay for gas fees in CELO while using a Metamask Wallet. Using a Celo-native wallet allows you to pay for gas using multiple currencies. Follow this link for more info.
Here are a list of Celo-Native Wallet Apps
Valora
The Valora wallet makes saving, sending and spending crypto as easy as sending a text. Download Valora on the Play or App store today.
Works on iOS and Android
Supports Phone Numbers as addresses.
Celo Wallet
A simple, lightweight wallet for the Celo network. Manage your funds in a browser or on your desktop.
Works on Browser and Desktop
Supports Ledger and Staking
Celo Terminal
The one-stop shop for everything Celo.
Works on Desktop (Mac, Windows and Linux)
Supports Ledger and Staking
You can purchase CELO on a CEX like Coinbase, Binance or KuCoin and send it to your Celo Wallet. This link contains a list of exchanges that list CELO
Bridging CELO from Ethereum Mainnet to Celo Network
Purchase CELO on SushiSwap (Ethereum)
Visit Optics Bridge and connect your wallet
Select CELO token on Ethereum Network in the “From” option.
Select “Celo” as the destination network.
Once you click on Bridge, you will have to confirm that transaction with your wallet. This step requires gas.
Congratulations! You have now successfully bridged CELO from Ethereum Mainnet to Celo Network.
Bridging Funds to CELO from Ethereum Mainnet.
You can use Ubeswap to bridge tokens from the Ethereum Mainnet to Celo.
Visit app.ubeswap.org/#/bridge and connect your Metamask Wallet.
Select the tokens that you’d like to bridge and approve the token. This step requires you to pay gas in ETH.
Once approved, you can bridge the tokens to Celo Mainnet.
Make sure to add the token to your Metamask Wallet.
Note: If you’re using a Metamask wallet, I recommend sending some CELO to your address from a CEX and then bridging funds as Metamask allows you to pay for gas fees only with CELO (unlike Celo native wallets)
Congratulations! You have now learnt how to setup a Celo Wallet and Bridge Funds.
Celo is a blockchain protocol that aims to reduce the barriers of entry to DeFi adoption. Celo is mobile-first, supports sending transactions to mobile numbers, has low gas fees, and supports stablecoins. These make Celo more accessible compared to other protocols
Open the Metamask extension on your browser and select the dropdown at the top where it says “Ethereum Mainnet.”
Select the “Custom RPC” option, and you’ll see this form.
Enter the following information in the respective fields
Network Name: Celo (Mainnet)
New RPC URL: https://forno.celo.org
Chain ID: 42220
Currency Symbol: CELO
Block Explorer URL: https://explorer.celo.org
Click “Save”
Note: Metamask does not natively support Celo compatibility and some features may not work properly. For example, you have to pay for gas fees in CELO while using a Metamask Wallet. Using a Celo-native wallet allows you to pay for gas using multiple currencies. Follow this link for more info.
Here are a list of Celo-Native Wallet Apps
Valora
The Valora wallet makes saving, sending and spending crypto as easy as sending a text. Download Valora on the Play or App store today.
Works on iOS and Android
Supports Phone Numbers as addresses.
Celo Wallet
A simple, lightweight wallet for the Celo network. Manage your funds in a browser or on your desktop.
Works on Browser and Desktop
Supports Ledger and Staking
Celo Terminal
The one-stop shop for everything Celo.
Works on Desktop (Mac, Windows and Linux)
Supports Ledger and Staking
You can purchase CELO on a CEX like Coinbase, Binance or KuCoin and send it to your Celo Wallet. This link contains a list of exchanges that list CELO
Bridging CELO from Ethereum Mainnet to Celo Network
Purchase CELO on SushiSwap (Ethereum)
Visit Optics Bridge and connect your wallet
Select CELO token on Ethereum Network in the “From” option.
Select “Celo” as the destination network.
Once you click on Bridge, you will have to confirm that transaction with your wallet. This step requires gas.
Congratulations! You have now successfully bridged CELO from Ethereum Mainnet to Celo Network.
Bridging Funds to CELO from Ethereum Mainnet.
You can use Ubeswap to bridge tokens from the Ethereum Mainnet to Celo.
Visit app.ubeswap.org/#/bridge and connect your Metamask Wallet.
Select the tokens that you’d like to bridge and approve the token. This step requires you to pay gas in ETH.
Once approved, you can bridge the tokens to Celo Mainnet.
Make sure to add the token to your Metamask Wallet.
Note: If you’re using a Metamask wallet, I recommend sending some CELO to your address from a CEX and then bridging funds as Metamask allows you to pay for gas fees only with CELO (unlike Celo native wallets)
Congratulations! You have now learnt how to setup a Celo Wallet and Bridge Funds.
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