Osmosis

$ION Token

To get the potential airdrops

Project Overview

$ION is the second native token of Osmosis. Its origin was meme coin and it has only utility for voting to on-chain governance. However, the proposal for adding new utilities to this token was suggested last September. Check out the proposals on the ION forum.

The first step to achieve this is to launch $IBCX index token. The $IBCX is an index that is composed of diverse tokens in Cosmos. The portfolio hasn’t been officially confirmed by ION DAO yet, but it seems like one of the ION DAO developers has proposed a suggestion on their forum.

Uniqueness

The total supply of ION tokens is only 21,294. In addition, only a very small amount of ION tokens are currently circulating.

The DAO has been called 21,294 Club due to its total supply, which means that the ION token has a strong symbolic meaning in the community.

The important thing we should know is about the potential airdrops coming from ION DAO and Osmosis.

How to be eligible? Not late yet?

There are several steps remaining to proceed with the airdrops. There’s still time to be eligible for the snapshots in my opinion.

First of all, ION for the airdrops should be moving to ION DAO Treasury from Osmosis Treasury. This topic was addressed by ION DAO before, and it has been passed by Osmosis on-chain governance #120. However, as I know, another Osmosis on-chain proposal must be preceded in order to actually move ION tokens from Osmosis Treasury to ION DAO Treasury.

Second, each airdrop proposal has to be passed by ION DAO. Nevertheless, no proposals haven’t been uploaded yet on-chain. There are only two threads about the airdrops on their forum so far. The on-chain proposals haven’t been coming yet.

Let’s briefly read the details they proposed.

Proposal 1

Proposal 2

Even if the details haven’t been confirmed by ION DAO yet, we can expect some standards to be eligible for sure.

Please note that the following paragraphs are just my opinion.

1. ION holders

2. ION stakers

3. ION/OSMO LP

4. ION on-chain governance voters

5. Users who hold 5 or more different tokens in their wallet.

6. IBCX minters

7. IBCX/OSMO LP

8. Osmosis stakers

9. Osmosis on-chain governance voters

Let’s start with the standards which have higher potential.

• ION stakers - I’m pretty sure that the team will airdrop ION to the ION stakers. Currently, there is no reward for ION stakers. Instead of LPers who getting rewarded(even if the amount is too small), these real diamond hands should be incentivized. Stakers are locking their ION themselves to be participating in ION DAO on-chain governances without any revenues. In ION DAO TG group, one guy from Manythings(dev contributors team) addressed the increasing amount of staked ION. It is obvious that the dev guys recognize that many people are expecting to get airdrop through staking.

Can you even imagine that they exclude and punish the stakers? I don’t think they      will.

• ION holders - I’ve never seen holders of specific tokens excluded for airdrops. Especially in the case of ION, as I mentioned, the total amount of ION is only 21,294. It will be inevitable for dev teams to make ION holders qualified for the airdrops.

Two more standards I’m going to mention even though they have a low possibility in my opinion.

• **Holders who hold 5 or more different tokens in their wallet **- It’s more obscure than the formers. However, I think the devs will organize the standard which is aligned with $IBCX, the first product of ION DAO. Since the $IBCX is the Cosmos index token, this one could possibly be qualified. I recommend you split your assets into different wallets as many as possible.

• **On-chain governance voters **- According to the result of the ION DAO’s first on-chain proposal, the entire voting power was only 894, and the turnout just reached around 61%. The DAO needs to encourage more people to be involved in on-chain actions since the staking amount has dramatically increased. In order to achieve this, there should be incentivizing methods for the stakers before further on-chain proposals. I’m not sure about this one because it’s overlapped with the one for the stakers

Rest of them, do your enough own research. Always be aware of spam, and I hope you all survive the bear market.

Good luck!

More links for DYOR

ION DAO has its linktree:

https://links.ion.wtf/

Content

Axelar

$AXL Token

How to be eligible for the LayerZero $AXL airdrop?

Axelar

Recently, Axelar announced its upcoming airdrop with @Cryptocito, the most well-known influencer in Cosmos.

https://twitter.com/CryptocitoClips/status/1592608600438231040

Even though they mentioned, **“People that have bridged to Osmosis in the early days through Satellite will be eligible for an $AXL airdrop.”, I believe that there is still the possibility remaining to be eligible for this airdrop.

Reasons are:

• Axelar added axl-wrapped token liquidity to Osmosis in May 2022. Recently, $OSMO was listed on Binance on October 28th. It is obvious that potential users of Satellite have been coming to Osmosis more easily. In my opinion, it is pretty sure that Axelar team will incentivize people who bridge their assets via Satellite.

• Plus, Sunny, the Founder of Osmosis has been consistently addressing the native stable tokens on Osmosis. It means that Cosmos does need native stable tokens on Osmosis. Before that comes into Osmosis, it would be important to see the demands of stable coins through $axlUSDC and $DAI.

https://twitter.com/sunnya97/status/1594727933670744065?s=20&t=1UXxRhi-CVbuqPEkMhaZgQ

https://commonwealth.im/ion/discussion/7075-ion-30-proposal#:~:text=2)%20%24IOU%20%E2%80%93%20a%20dollar%2Dpegged%2C%20over%2Dcollateralized%20stablecoin%20on%20the%20model%20of%20DAI%2C%20solely%20backed%20by%20%24IBC.

How to use Axelar Satellite?

Following this step-by-step video to bridge your $USDC to Osmosis.

Do your own research enough before you move on. Always be extra cautious of scammers.

LayerZero

$ZRO Token

How to be eligible for the LayerZero $ZRO airdrop

LayzerZero

https://layerzero.network/

Project Overview

LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains which provides authentic and guaranteed message delivery with configurable trustlessness. Would you like to explore this project more? Check out its white paper.

Proof of the fact that $ZRO token will be coming

How to be eligible to be airdropped $ZRO token?

• Stargate

  Stargate is a fully composable liquidity transport protocol that lives at the heart of Omnichain DeFi and is the most popular application released by LazerZero Labs by total value locked.

With Stargate, users & dApps can transfer native assets cross-chain while accessing the protocol’s unified liquidity pools with instant guaranteed finality. That being said, it is presumable that interacting with this application is one of the criteria for the future airdrop. In order to do so, you simply need to follow the steps below:

**Bridging **Open this tab, connect your wallet and bridge some funds, just select the asset you want to bridge and its network, then input its total amount and eventually click the “swap” button. I suggest you to use the Transfer Gas Estimator that provides average gas fee estimation for transfers between networks so you can bridge funds between the ones with the lowest fees.

If you want a more guided operation, just enable “Walkthrough mode” on the top-right corner and follow the steps I show you in the pictures below:

Voting

Buy Stargate Finance tokens ($STG) in the way you prefer (CEXs or DEXs like Uniswap or Binance), even just 1$ is enough, and stake them here, by locking your $STG tokens you will receive veSTG, the longer the lock time, the more veSTG you will receive. veSTG is the unit of Stargate governance voting power that you must use to vote on active proposals when available.

Bridge USDC on the testnet

In this step, you simply need to bridge some funds again, this time from the Ethereum Goerli Testnet to the Avalanche FUJI C-Chain (also a testnet) using the bridge built by LayerZero Labs (currently a demo version). Just select the amount of gas and USDC you want on destination, then click the “transfer” button.

Here are some links to faucets that will give you the testnet funds required for the transaction. Faucets: USDC, ETH and AVAX.

Add USDC to your Metamask wallet so you can easily see its balance, here are its addresses: USDC Goerli Contract Address: 0x07865c6E87B9F70255377e024ace6630C1Eaa37F USDC Fuji Contract Address: 0x5425890298aed601595a70AB815c96711a31Bc65

Interact with the Liquidswap Bridge by Layerzero & Pontem

This is another bridge developed by LayerZero & Pontem that allows you to transfer tokens between multiple networks (Ethereum, Polygon and so on) to the Aptos blockchain, hence why you need an Aptos wallet, I suggest you to try the Pontem Wallet (download here). Now that you have also an Aptos wallet (remember to import tokens, you need some gas to do so), open this tab, connect your wallets, select the asset you want to bridge and the network from which do so, input its amount and then press “transfer” to bridge the tokens from any EVM to Aptos.

If you’re having trouble doing this step, you should definitely check the fully detailed tutorial made by the Pontem team here.

Interact with the Aptos Bridge by Layerzero

This bridge, as always made by LayerZero Labs, enables seamless asset transfers between Aptos and the world of blockchains. The steps are once again basically the same as the bridges above: open this tab, connect your wallets, select the asset you want to bridge and the network from which do so, input its amount and then press “transfer” to bridge the funds.

More links for DYOR

To increase your airdrop chances, you might also want to interact with other projects on LayerZero, here are some good ones:

Always be extra cautious of scammers. Check twice that you’re going to be connected to the right links.

• AngleProtocol

• MugenFinance

• Radiant Capital

• Rage Trade