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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xDai is a cryptocurrency that is pegged to the US Dollar, has super low transaction fees (up to 500 transactions for $.01 xDai), and fast transaction times. The xDai chain is a stable payments EVM (Ethereum Virtual Machine) blockchain designed for fast and inexpensive transactions.
xDai exists to support stable payments and digital cash transactions. Whereas Ethereum transaction costs are unpredictable, subject to congestion, and require several tokens (for example Dai + Eth for gas), xDai transactions are fast, very inexpensive, and require a single token (xDai).
Open Metamask, and select "Custom RPC" from the Network Dropdown.
In the "Custom RPC" Settings, add in the xDai network details and click Save: \n Network Name: xDai New RPC URL: https://rpc.xdaichain.com/ Chain ID: 0x64 Symbol: xDai Block Explorer URL: https://blockscout.com/xdai/mainnet
Connect your web3 wallet (MetaMask) to the Ethereum Mainnet. Once connected, you will see your address populated in the header, and your Dai and xDai balance displayed on the page.
Enter the amount of Dai you would like to transfer to xDai, and click the Transfer button.
The web3 wallet window will open with transaction details. Default gas price is fine, if you would like a faster transaction you can increase it.
Click Submit or Confirm (depending on wallet) to process the transaction.
Wait for the transaction confirmation (time depends on gas price and network throughput). The transaction is considered finalized after 8 blocks. To check on a pending transaction, click on the transaction in the UI.
Once the initial transaction is successful, you will see consecutive Transfer Pending notifications.
Click on View on BlockScout to see details about the transaction. If you scroll down you will see the address (your address where the xDAI was sent), value (amount sent in wei), and transactionHash, which will match the hash from the initial transaction.
xDai is a cryptocurrency that is pegged to the US Dollar, has super low transaction fees (up to 500 transactions for $.01 xDai), and fast transaction times. The xDai chain is a stable payments EVM (Ethereum Virtual Machine) blockchain designed for fast and inexpensive transactions.
xDai exists to support stable payments and digital cash transactions. Whereas Ethereum transaction costs are unpredictable, subject to congestion, and require several tokens (for example Dai + Eth for gas), xDai transactions are fast, very inexpensive, and require a single token (xDai).
Open Metamask, and select "Custom RPC" from the Network Dropdown.
In the "Custom RPC" Settings, add in the xDai network details and click Save: \n Network Name: xDai New RPC URL: https://rpc.xdaichain.com/ Chain ID: 0x64 Symbol: xDai Block Explorer URL: https://blockscout.com/xdai/mainnet
Connect your web3 wallet (MetaMask) to the Ethereum Mainnet. Once connected, you will see your address populated in the header, and your Dai and xDai balance displayed on the page.
Enter the amount of Dai you would like to transfer to xDai, and click the Transfer button.
The web3 wallet window will open with transaction details. Default gas price is fine, if you would like a faster transaction you can increase it.
Click Submit or Confirm (depending on wallet) to process the transaction.
Wait for the transaction confirmation (time depends on gas price and network throughput). The transaction is considered finalized after 8 blocks. To check on a pending transaction, click on the transaction in the UI.
Once the initial transaction is successful, you will see consecutive Transfer Pending notifications.
Click on View on BlockScout to see details about the transaction. If you scroll down you will see the address (your address where the xDAI was sent), value (amount sent in wei), and transactionHash, which will match the hash from the initial transaction.
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