HRS

Quai Network ($QUAI) Token Airdrop LIVE: Earn $2000 for Free

hrs@newsletter.paragraph.com (HRS) — Mon, 01 May 2023 22:36:09 GMT

Hunting for crypto airdrops is a great way to make free money. Some people have made as high as $10,000 from the Aptos token airdrop. If you missed it, Quai Network is another upcoming project with airdrop qualifications happening right now. Let’s take a look at what Quai Network is and what you can do to receive their token airdrop before it’s too late!

Here’s how to receive a potential Quai Network ($QUAI) token airdrop:

Engage with Quai Network’s Twitter
Engage with Quai Network’s Reddit

See below for more details

Quai Network is a decentralized network of multiple proof-of-work (PoW) blockchains running in unison. These blockchains have native interoperability, allowing for cross-chain transactions and messages. It is also fully EVM compatible, allowing any Solidity contract to be ported and deployed.

Quai Network provides a novel approach to blockchain scaling, different from parallel processing chains such as Aptos and Sui. It aims to maximize the energy efficiency of PoW by introducing the concept of modularity.

Quai Network sought to improve upon the PoW consensus mechanism by addressing its environmental concerns. For the longest time, Bitcoin’s PoW algorithm has been infallible, but it also consumes massive amounts of energy. And it will continue to rise as mining difficulty increases after every Bitcoin Halving event. This is why Ethereum switched to proof-of-stake (PoS).

But Quai Network believes that PoS is inherently centralized due to the amount of money it requires to be a validator, creating a gap between the validator “class” and everyday users. Therefore, Quai Network has introduced an upgraded version of PoW called Proof-of-Work 2.0 (PoW2) where hash power can be reused to secure multiple chains. This is achieved by utilizing a novel combination of merged mining and sharding, reducing computational cost while allowing the network to scale more efficiently.

Merged mining is the process of securing multiple blockchains with one miner, allowing miners to earn rewards in multi cryptos without having to switch between networks or use additional hardware. It was first conceived by Satoshi Nakamoto in the Bitcoin white paper, in which a completely seperate blockchain could share CPU power with Bitcoin, inheriting the same security and decentralization of Bitcoin without requiring dedicated miners.

Quai Network uses this concept, but instead of having Bitcoin as a parent chain, it has its own parent chain (the Prime Chain) which secures the many other chains beneath it by sharing hashrate. This improves throughput over monolithic chains such as Solana without the need for layer-2 solutions. Moreover, Quai Network is horizontally scalable, which means additional chains can be added to meet network demands. This is possible because of their multi-chain architecture.

Quai Network’s architecture makes use of sharding by dividing a single blockchain into multiple smaller and faster blockchains to improve network performance, similar to Ethereum and Polkadot. Its network is divided into a hierarchical structure of three different types of chains. At mainnet launch, Quai Network will begin with the single Prime Chain, three Region Chains, and nine Zone Chains.

Prime Chain

The Prime Chain is at the core of the entire network, utilizing a hashing algorithm that is shared across all subordinate chains (Region and Zone). It aggregates and settles state transitions across the network, which means miners are required to mine the Prime Chain to keep the blockchains functional.

However, it has the highest mining difficulty, which means it has the slowest throughput (one block every 15 minutes). Therefore, it is not ideal for simple transactions and DApp activities. It is mostly for use in situations where the whole network is being addressed and securing the network.

Region Chains

There are three Region Chains at mainnet launch: Cyprus, Paxos, and Hydra. These chains have lower mining difficulty, thus a higher throughput than the Prime Chain (one block every 5 minutes). These chains handle lesser network interactions that are not necessary to address the entire network. They can also interact natively on the network, but each require unique mining power. Therefore, a miner can only mine a single Region Chain at a time, in addition to the Prime Chain.

Zone Chains

At mainnet launch, each Region Chain will have three Zone Chains under it. These Zone Chains have the highest throughput (one block per 10 seconds) and TPS capacity, making them ideal for regular transactions and contract interactions. As such, most activity on Quai Network will occur on Zone Chains. They are also able to interact with other Zone chains, even those under different Region Chains. But similar to Region Chains, miners can only select one Zone Chain to mine.

Coincident Blocks

Coincident Blocks tie the whole hierarchal structure together, linking all chains which enables cross-chain state transfers and periodic pegging of all chains to the Prime Chain’s total work. These blocks allow the entire network to inherit the same security of the Prime Chain, governed by three rules:

All Prime blocks must contain a Region and Zone block.
All Region blocks must contain a Zone block.
Zone blocks can be mined asynchronously without being included in a Prime or Region coincident block.
Basically, a Coincident block occurs when (1) a Prime, Region, and Zone block are confirmed at the same time OR (2) when just a Region and Zone block. Each time a Coincident block is mined, all blocks since the last coincident block are then confirmed by the Region Chain, continuing upwards until the Prime Chain — think of it as a roll call. Therefore, chains lower in the hierarchy can inherit the security of the Prime Chain while still conducting independent activities.
Quai Network is developed by Dominant Strategies, a technology development company based in Austin. The company was co-founded in 2019 by Alan Orwick, Jonathan Downing, Karl Kreder, Yanni Georghiades, and Sriram Vishwanath, all of whom worked together in the Electrical and Computer Engineering department at the University of Texas. They co-wrote and published the white paper for Quai Network in December 2021.
Dominant Strategies has raised $10 million over two funding rounds — $8 million from Polychain Capital in March 2022 and $2 million from Alumni Ventures in May 2022.
Yes. $QUAI will be used to ensure network security and as an exchange of value in the ecosystem. Their token supply is hard-capped but its total number is not yet determined. According to their tokenomics, 25% is distributed as “adoption incentives”, 3% for “community” and 0.5% for “testnet incentives.” This means token airdrop opportunities for early users of Quai Network!
Quai Network has a Social Media Rewards Program that will airdrop $QUAI tokens for engaging with their Twitter, YouTube, Reddit, TikTok, and Instagram. Compared to other projects, this is one of the easiest ways to earn free tokens.
To begin, join their Discord server and follow their Twitter account. Afterwards, you can check your rewards on the Quai Dashboard. If you have a Citizen role in their Discord server, you will have a 1.5x multiplier for your $QUAI rewards. You can obtain it by completing their survey here. It is easy to do if you have some degree of understanding of the project.
From here on out, Quai Network will reward you $QUAI tokens for your engagement with their social media platforms. As of now, only Twitter and Reddit rewards are available. YouTube, TikTok, and Instagram rewards will be available soon.
- Twitter
1. Follow Quai Network.
2. Follow additional team accounts.
3. Liking and retweeting Quai Network’s Tweets that are less than seven days old (limited to twice a day).
4. Make a Tweet mentioning Quai Network. Original and insightful Tweets that are liked or replied by Quai Network will grant you additional rewards.
- Reddit
1. Make a unique post in their channel (limited to twice a day).
2. Make a post about Quai Network in another approved crypto-related Subreddit (limited to twice a day).
It is worth noting that your account must have more than 50 post/comment karma, and the post must be approved by their team. Therefore, it will some time for your rewards to show if you make a post on Reddit.
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: Quai Network’s token airdrop is now live!
Airdropped Token Allocation: According to Quai’s tokenomics, 25% will be distributed as “adoption incentives”, 3% for “community” and 0.5% for “testnet incentives.” This could mean token airdrop opportunities for early users of Quai Network!
Airdrop Difficulty: Quai Network has a Social Media Rewards Program that will airdrop $QUAI tokens for engaging with their social media accounts on Twitter, YouTube, Reddit, TikTok, and Instagram. This is one of the easiest ways to earn free tokens compared to other projects!
Token Utility: The $QUAI token will be used to ensure network security and as an exchange of value in the ecosystem.
Token Lockup: Participants of Quai Network’s Social Media Rewards Program will receive their $QUAI tokens upon Quai Network’s Mainnet Launch

EchoDex ($ECP) Token Airdrop Guide: LIVE NOW!

hrs@newsletter.paragraph.com (HRS) — Sat, 29 Apr 2023 21:17:34 GMT

Here’s how to get the EchoDEX ($ECP) token airdrop:

Connect to Linea Goerli Test Network
Claim Faucet Tokens on EchoDEX Testnet
Swap Tokens
Provide Liquidity
Mint NFT
Send Tweet and Wallet Address to Discord Testnet Proof Channel

See below for more in-depth details!

EchoDEX is a decentralized exchange platform built on the Linea Network (formerly ConsenSys zkEVM). It is designed for fast and secure trading of cryptocurrencies with low fees. The platform features aggregator liquidity, which combines multiple liquidity pools from various platforms or exchanges to offer a more competitive rate to traders.

In addition to trading, EchoDEX offers users the opportunity to earn $ECP tokens through various means, including swapping their cryptocurrencies, participating in their farming program, or staking their tokens. EchoDEX provides a reliable and convenient trading experience for all crypto enthusiasts with its user-friendly interface and top-notch security protocols.

Yes, EchoDEX’s native token is $ECP. Although there are no released tokenomics, EchoDEX already uses it as an incentive reward as part of its “Swap to Get $ECP” program. Users who trade crypto can earn $CEP that will be airdropped directly into their wallet. The more trades you make, the more you earn!

The best way to get the $ECP token airdrop is to interact with the EchoDEX testnet. Here’s a step-by-step guide:

Connect to Linea Goerli Test Network
Go to the EchoDEX testnet and connect your MetaMask wallet. Switch the network to Linea Goerli Test Network or manually add it on ChainList.
Claim Faucet Tokens on EchoDEX Testnet
On the EchoDEX Faucet page, you must first follow their Twitter and join their Discord. After doing so, you can claim 0.03 LineaETH once per day.
Swap Tokens
Use the Swap feature. If you encounter gas issues, try swapping again or wait until you can claim more faucet tokens to cover gas fees.
Provide Liquidity
Deposit your token pairs at the Liquidity Pool page. As a liquidity provider, you can earn swap fees.
Mint NFT
Claim a free EchoDEX NFT to mark your place in the EchoDEX community! Remember to import the NFT address to your MetaMask in order to view it:

Contract Address: 0xf893Ba09d5aac3dfaFc0E706a9f7778eC71788b4 Token ID: 24767

Send Tweet and Wallet Address to Discord Testnet Proof Channel
Like and retweet EchoDEX’s Tweet about the testnet steps. Tag three friends, then take a screenshot and send it to the Discord Testnet Proof Channel.

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of Airdrop: EchoDEX has confirmed airdropping $ECP tokens as part of its “Swap to Get $ECP” program.

Airdropped Token Allocation: The total token supply is yet to be revealed.

Airdrop Difficulty: Simply swap tokens, provide liquidity, and mint an NFT to earn $ECP airdrops. Follow EchoDEX on Twitter, like and retweet their testnet tweet, and tag 3 friends. Take a screenshot and send it to the Discord Testnet Proof Channel, along with your wallet address.

Token Utility: The team will announce the details of the $ECP token soon.

Token Lockup: There is no tokenomics yet.A

Venom Foundation ($VENOM) Token Airdrop Guide: Next Big Blockchain Narrative?

hrs@newsletter.paragraph.com (HRS) — Thu, 27 Apr 2023 20:42:39 GMT

Venom Foundation is licensed by the Abu Dhabi Global Market (ADGM), and they have been making big moves in the crypto space recently. They have allocated $1 billion in funding to invest in Web3 firms, and is launching a layer-0 blockchain that will function as the main infrastructure for a global ecosystem of Web3 applications. According to their whitepaper, 22% of the initial token supply will be allocated to the community. This is very likely to be an airdrop to early users.

Venom Foundation is a new layer-0 blockchain that envisions a global economy built on decentralized, blockchain-based, financial systems. They are a new player in the financial application-specific blockchain (appchain) space, offering real-world assets (RWA) with the transparency of a blockchain. They are fully regulated by financial authorities in Abu Dhabi.

The architecture of Venom Foundation is essentially a modular blockchain that is built on its own Threaded Virtual Machine (TVM). This allows for the efficient execution of smart contracts through an asynchronous communication model as well as dynamic sharding.

In theory, the Venom blockchain can handle interactions between accounts more effectively than EVM-based networks, allowing for greater parallelism and reduced delays. As the network experiences heavy loads, validators divide into parallel groups and handle transactions through “split events.” As such, their mission is to be the infrastructure for the next generation of digital services and products.

$VENOM, the native currency of the Venom blockchain, serves multiple purposes. It is used to pay transaction fees, which helps maintain the network and compensate validators. Additionally, it secures the network through a proof-of-stake mechanism and allows network participants to support validators via DePools staking.

According to their whitepaper, the $VENOM token has no fixed maximum supply. It has an inflationary model, with a projected annual inflation rate of 1%. However, the Venom Foundation is exploring ways to transition to a deflationary model.

The best way to get the $VENOM airdrop is to interact with the Venom Network Testnet. Here’s a step-by-step guide:

Create a Venom Wallet
Go to the Venom Network Testnet, and install a Venom Wallet. Pin the wallet to your Google Chrome Extension at the top right.
Claim Testnet $VENOM Tokens
Go to the Task page, and log in with your Venom Wallet. Connect your Twitter account and follow Venom Foundation to claim 50 testnet $VENOM.

You can also claim additional testnet tokens by completing other tasks on the Faucet page.

Complete Venom Ecosystem Tasks
After claiming the tokens, you can now explore the Venom Ecosystem. Scroll down and you will see all the available DApps on the testnet.

Complete the tasks for each DApp to earn an NFT. These NFTs represent your engagement with the ecosystem, and are key to getting airdrop rewards in the future!

Likelihood of Airdrop: Venom Foundation has not officially confirmed an airdrop, but they revealed in their whitepaper that they will reward early users who contribute to the Venom network.

Airdropped Token Allocation: 22% of the initial token supply will be allocated to the community.

Airdrop Difficulty: The Venom Testnet page is very UI-friendly. It shows you the tasks you can complete for each DApp!

Token Utility: $VENOM will be used to pay for transaction fees to maintain the network by validators, secure the network through proof-of-stake mechanisms, and support validators by network participants through DePools staking.

Token Lockup: Of the initial supply of 7.2 billion $VENOM, 15.5% will be available to use, while 84.5% will remained locked. The locked tokens include 10% of the initial supply as a stake of early validators.

LayerZero ($ZRO) Token Airdrop Guide: Earn $30,000 For Free

hrs@newsletter.paragraph.com (HRS) — Wed, 26 Apr 2023 22:20:41 GMT

Here’s a step-by-step guide on how to get a potential LayerZero ($ZRO) token airdrop:

Stake and Vote $STG on Stargate Finance
Interact with Stargate Bridge on LayerZero
Use the USDC LayerZero Bridge
Use the Aptos Bridge
Use LiquidSwap Bridge
LayerZero is a trustless omnichain interoperability protocol designed to connect multiple chains. Let’s break it down what this means in simple terms:
Interoperability has always been an issue for the blockchain space. Since blockchain protocols cannot communicate with other blockchains on a programmable level, this creates a silo effect in which each chain is isolated, limiting users’ options to move liquidity and data between walled ecosystems.
As of now, there are two main approaches to incorporate interoperability between blockchains, but each has its limitations:
Middle Chain
There are protocols that function as the connective layer between blockchains such as Polkadot or Cosmos. Essentially, it is a middle chain that facilitates the exchange of messages between chains. This approach is scalable and fairly inexpensive, but it is less secure. Since the middle chain is solely responsible for providing consensus and validation services, it becomes a single point of failure. If compromised, all liquidity can be stolen on all chains.
On-Chain Light Node (Decentralized Bridges)
Instead of trusted central entities, decentralized cross-chain bridges use on-chain light nodes to communicate between blockchains. For context, a light node stores only a part of the blockchain ledger’s transaction history and is connected to a full node to strengthen verification.
For the purposes of cross-chain messaging, light nodes on a source chain are used to verify block headers (metadata of a block) received from a target chain. Transaction proofs are then forwarded and validated on-chain against the block headers. This approach is a secure way to transmit messages between chains, but it is also extremely costly. You would have to build a seperate bridge for every pair of chains, each requiring its own interface and code.
Instead of a middle chain or a layer-2 solution, LayerZero provides a massive infrastructure that would seamlessly enable direct, trustless transactions across all chains. Think of it like this: if blockchains are nations and bridges are immigration, then LayerZero would be a global super-passport and air-traffic control that allows communication between all blockchains at once. It focuses more on the communication problem of the interoperability layer (layer 0) rather than providing a third party solution like a bridge or middle chain.
LayerZero achieves this by using on-chain light nodes in a much more economical way. The team behind LayerZero, LayerZero Labs, coined it Ultra Light Node (ULN). The ULNs are connected to oracles and relayers, both independent off-chain entities in charge of transferring messages from one chain to another.
Instead of keeping all block headers sequentially, block headers are streamed on demand by decentralized oracles, i.e. Chainlink, allowing the ULN endpoints to be small and cost-effective. The relayers are responsible for moving transaction proofs. Initially, LayerZero Labs will run and maintain the relayers, which will soon be fully open-sourced so that anyone can operate their own relayer.
LayerZero Labs, a Vancouver-based startup, developed LayerZero protocols to enable omnichain decentralized applications across multiple blockchains The company was co-founded in 2021 by Bryan Pellegrino, Ryan Zarick, and Caleb Banister in 2021. The three have worked together in computer network research labs at the University of New Hampshire.
LayerZero Labs have recently raised US$120 million in Series B funding at a valuation of US$3 billion. The funding is expected to go towards growth initiatives, in particular expanding the Company’s presence in the Asia-Pacific. In March 2022, LayerZero Labs raised $135 million in a Series B funding round from the likes of FTX Ventures, Coinbase Ventures, Uniswap Labs, Sequoia Capital, a16z, PayPal Ventures and more. Interestingly, LayerZero is PayPal’s first ever web3 investment. Seeing as that PayPal is one of the world’s leading payment networks this goes to show LayerZero has huge potential that spans beyond the crypto space.
Currently, LayerZero does not have a token YET. But we know that its token with the ticker $ZRO exists because it can be viewed on their information code. There is no official announcement of $ZRO, but the community expects it to be launching sometime in the near future.
Here’s how you can get a potential LayerZero ($ZRO) token airdrop:
1. Stake and Vote $STG on Stargate Finance
2. Interact with Stargate Bridge on LayerZero
3. Use the USDC LayerZero Bridge
4. Use the Aptos Bridge
5. Use LiquidSwap Bridge
Stargate Finance (Who may also do an airdrop! Check out our guide here) is the first LayerZero protocol that is live and ready to use. It is a liquidity protocol that leverages LayerZero’s generic messaging to enable cross-chain liquidity transfers in native assets. LayerZero Labs believes that Stargate will be integral to any DApp that wants to move cryptocurrency across blockchains. Thus, it makes sense that Stargate users, especially DAO voters, have a very high chance to receive $ZRO airdrops.
You can buy Stargate’s $STG token for as little as $0.74 on centralized exchanges like Bybit, Binance, or on decentralized exchanges like Uniswap and PancakeSwap. Then stake your $STG tokens for voting power on Stargate’s staking tab: https://stargate.finance/stake. The staking period can range from 1 to 36 months. You can also browse the pools and farms on the staking page to earn more $STG yields.
Finally and most importantly, you should regularly vote on governance proposals on https://snapshot.org/#/stgdao.eth. This will get you in the snapshot that can potentially qualify you for $ZRO airdrops.
Interact with dApps such as Stargate Finance’s Stargate Bridge by bridging your funds across networks repeatedly to generate volume.
You can also interact with other dApps on LayerZero including Mugen Finance, Radiant Capital, Omni X or Angle Protocol. You can make small transactions, deposit funds, provide liquidity, swap assets etc. By actively and consistently using the ecosystem, it is highly likely LayerZero will reward users who genuinely interact with the ecosystem.
You can use the USDC LayerZero bridge (https://usdcdemo.layerzero.network/bridge) to transfer USDC between EVM chains.
USDC Goerli Contract Address: 0x07865c6E87B9F70255377e024ace6630C1Eaa37F

USDC Avax Contract Address: 0x5425890298aed601595a70AB815c96711a31Bc65

Aptos recently launched the Aptos Bridge powered by LayerZero. You can move USDC, USDT, and ETH from Ethereum, Arbitrum, Optimism, Avalanche, Polygon, and BSC to the Aptos network. Connect your EVM (e.g. MetaMask) and Aptos wallets (e.g. Martian wallet), and choose the number of cryptocurrencies and networks you wish to use. However, keep in mind there is a 3-day transfer window if you want to withdraw your funds out of the Aptos ecosystem. You will also need to pay gas fees in Aptos $APT tokens.

Go to https://bridge.liquidswap.com/ and bridge You can bridge USDT, and ETH from Ethereum or Arbitrum to the Aptos network. Connect your EVM (e.g. MetaMask) and Aptos wallets (e.g. Martian wallet), and choose the cryptocurrency and network (Ethereum/Arbitrum to Aptos and vice versa) you wish to bridge tokens. Note you will need to pay gas fees in Aptos $APT tokens.

Likelihood of Airdrop: Details about the LayerZero token airdrop have not been announced yet.

Airdropped Token Allocation: The project has not announced how many $ZRO tokens would be allocated towards airdrops.

Airdrop Difficulty: The project has not yet released details about its airdrop rules. However, you can interact with Stargate Finance, which is a LayerZero protocol that is ready to use. There are other dApps on LayerZero that are usable, as well as the USDC LayerZero and Aptos bridges. These actions however are not that easy.

Token Utility: The team has not announced what the LayerZero token utility would be.

Token Lockup: There is no announcement on token lockup yet.

Sei Network ($SEI) Token Airdrop Guide: CONFIRMED!!!

hrs@newsletter.paragraph.com (HRS) — Tue, 25 Apr 2023 22:14:46 GMT

Sei Network has confirmed airdropping 1% of its token supply for the testnet validators and participants. Their testnet is still live, which means users can potentially qualify for the airdrop. In this article, we will explain what Sei Network is and what you can do to position yourself for the $SEI airdrop.

Here’s how to get a potential Sei Network ($SEI) airdrop:

Complete Acts 2-3 of the Seinami Testnet missions. These Acts however do require technical knowledge, and can be found here.
Complete Act 4 of the Seinami Testnet missions. It involves placing orders and getting liquidated on Vortex. Also community tasks such as referring friends to sign up for Sei and for them to refer others.
Mint Sei Sunken Treasure NFTs.

See below for more details.

Sei Network is a layer-1 blockchain built with the Cosmos SDK, and is designed to become the preferred chain for decentralized exchanges (DEXs) in DeFi, NFTs, and GameFi. The blockchain is optimized to enhance the functionality of exchanges and provide the best user experience for their customers. They achieve this by incorporating a native order matching engine that enables DEXs built on the blockchain to be on par with centralized exchanges (CEXs) in terms of executing orders. As a result, the end users can trade tokens, NFTs, and in-game items much faster and at minimal cost.

In October 2022, Sei Network launched a $50 million Ecosystem and Liquidity Fund to support the development of new applications and help teams bootstrap liquidity going into mainnet launch. The fund was backed by some of the top venture capital firms such as Multicoin Capital and Delphi Digital. As of now, there are more than 50 projects building on the ecosystem, ranging from infrastructure to fiat on/off ramps.

Jeffrey Feng and Jayendra Jog are the co-founders of Sei Network, which has a team of skilled professionals with previous work experience at renowned organizations like Airbnb and Goldman Sachs. The team is now raising Series A funding at a $400 million token valuation, according to The Block.

Yes, Sei Network is planning to launch their $SEI token after the mainnet is deployed in the coming months. Although they have not yet published their tokenomics, they stated that 1% of its total supply will be allocated to airdrops.

The best way to receive $SEI airdrop is to interact with the Seinami Incentivized Testnet. Within the testnet, there are 4 unique acts (currently closed) consisting of various tasks to complete. These tasks are designed to stress test Sei’s validator usability and security. Each completed task awards points, which directly correspond to your $SEI token rewards. Once the testnet period is finished, the token rewards will be distributed according to the tallied scores of all validators and participants. The Seinami Testnet missions in order to receive a potential airdrop can be found here. A lot of these require technical skills, e.g. to try hacking into their exchange, which might prove to be difficult. However, Act 4 had several missions which involve growing the Sei ecosystem and simulating real-world trading. These tasks are easier to complete in order to get a Sei airdrop and are as follows:

Place limit order on Vortex (long or short and in any market).
Place market order on Vortex (long or short in any market).
Place multiple Long/Short orders in one transaction (i.e. a bundled order placement) in any market.
Get liquidated on Vortex.
Refer a friend to sign up on Sei.
Someone you referred, refers another.

Note that for tasks 1-4, it is not enough to just do the task. Users must also submit their transaction details and wallet address to the team for verification. There is also a cap on how many submissions users can do in one day. Check here for full details.

All 4 Seinami Testnet Missions are closed. However, you can still mint Sei Sunken Treasure NFTs until 23rd April 2023, here’s how:

Go to https://seinetwork.io/treasure and connect your Keplr wallet.
Do at least 25 transactions on the Atlantic-2 testnet.
Send gifts to another users.
Claim your NFT.

Likelihood of Airdrop: Sei has confirmed they will do an airdrop after the mainnet launch in the coming months.

Airdropped Token Allocation: 1% of the total $SEI supply will be airdropped.

Airdrop Difficulty: Some of the Seinami Testnet validator tasks are quite difficult as they require technical skills. Try completing the easier participant tasks first.

Token Utility: Sei has not published their tokenomics yet, so their token utility is unknown.

Token Lockup: Sei has not published their tokenomics yet, so their token lockup is unknown.

Mantle Network ($BIT) Token Airdrop Guide: LIVE NOW!!!

hrs@newsletter.paragraph.com (HRS) — Mon, 24 Apr 2023 17:19:55 GMT

Mantle Network is an Ethereum Layer-2 protocol developed by BitDAO, one of the largest decentralized autonomous organizations (DAOs), and a partner of Bybit. The public testnet is now live, along with a community incentive program. You can potentially earn $BIT airdrops from using the protocol. In this article, we will explain what Mantle Network is and what you can do to position yourself for the airdrop.

Here’s how to receive a potential Mantle Network ($BIT) airdrop:

Add Goerli to MetaMask
Claim Goerli ETH from Faucet
Claim Testnet $BIT from Mantle Faucet
Connect Mantle Testnet to MetaMask
Bridge Assets from Goerli to Mantle Testnet
Complete Mantle Quests on Crew3
Join the Mantle Guild
Use MantleSwap

See below for more details

Mantle Network is an Ethereum Layer-2 scaling solution created by BitDAO that focuses on enhancing security, reducing fees, and increasing transaction throughput. It leverages roll-up technology and adopts a modular approach to create a separate, decentralized data availability layer in collaboration with EigenLayer. By implementing this strategy, it accomplishes the following:

Facilitates hyperscaled throughput for heavy-duty applications.
Removes the need for forking capital to motivate validators, thus reducing the marginal cost of capital when setting up new protocols.
Enables restaking mechanisms — re-staking allows anyone who has staked ETH on layer-1 to re-stake a pegged asset (stETH, rETH, cbETH, etc) and provide security to Mantle’s data availability layer.

Mantle Network uses $BIT, BitDAO’s governance token, as its native gas token. BitDao has announced the approval of a proposal to deploy $100 million into the Mantle Ecofund, aiming to incentivize developers to build within the Mantle ecosystem. Additionally, the team is considering an airdrop for its testnet users. They have a subchannel on Discord where they discuss airdrop plans with the community.

The $BIT token is BitDAO’s governance token. ByBit exchange is partnered with BitDAO and therefore use $BIT as their “unofficial official” token. Bybit frequently has campaigns and perks for $BIT coin and token holders. For example, there had a BIT Trading Fiesta where frequent $BIT traders on Bybit got up to US$100,000 in rewards. $BIT holders are also eligible for higher VIP levels and discounted trading fees.

Learn more about ByBit with our guide and review.

Sign up for Bybit today!

If BitDAO approves an airdrop of $BIT for the Mantle community, interacting with the Mantle testnet is the best way to receive them. Here’s a step-by-step guide:

Add Goerli to MetaMask
If you don’t have the Goerli network on your MetaMask, you can add it via Chainlist.
Claim Goerli ETH from Faucet
You will need some Goerli testnet ETH to cover gas fees. If you don’t have any, use the Paradigm Faucet or Alchemy Faucet.
Claim Testnet $BIT from Mantle Faucet
Connect your wallet to the Mantle Faucet. Verify your Twitter and paste your wallet address. You can mint up to 1,000 $BIT testnet tokens.

If you don’t see $BIT in your wallet, click “Import Token” and paste the following $BIT token contract address: 0x5a94dc6cc85fda49d8e9a8b85dde8629025c42be

Connect Mantle Testnet to MetaMask
Add Mantle Testnet to MetaMask via Chainlist.
Bridge Assets from Goerli to Mantle Testnet
Use the Mantle Bridge to transfer Goerli ETH and testnet $BIT to the Mantle Testnet.

Switch the network to the Mantle Testnet. Import the token contract address of Goerli ETH, which will be shown as WETH on Mantle: 0xdEAddEaDdeadDEadDEADDEAddEADDEAddead1111

Complete Mantle Quests on Crew3
Complete as many Crew3 quests as possible to get exclusive Discord roles. This could also be an eligibility criterion for the airdrop.
Join the Mantle Guild
You can also complete other quests on guild.xyz/mantle to obtain additional roles such as the BIT Delegate. For that, you will need to buy and hold at least 10 real $BIT, delegate them to your ETH address on delegate.bitdaotools.io, and vote on at least on BIT Improvement proposal (BIP) in the bitdao.eth Snapshot space.

Similar to the Crew3 tasks, it is not mandatory but it could help your chances of getting the airdrop.

Use MantleSwap
Swap tokens and provide liquidity on MantleSwap Testnet. It is the premier DEX on Mantle Network, and we have a full guide on how to use the protocol.

MantleSwap will also be conducting its own airdrops, which means you can potentially earn double the rewards!

Likelihood of Airdrop: BitDAO allocated $100 million to incentivize developers to build on the Mantle Network. Moreover, they are also considering conducting an airdrop for protocol users.

Airdropped Token Allocation: Token allocations for the community are not yet confirmed.

Airdrop Difficulty: The steps are easy to do. All you have to do is bridge testnet $BIT and ETH from Goerli to Mantle Testnet. Crew3 and Guild tasks are optional.

Token Utility: $BIT, the native utility token of BitDAO, offers holders benefits like voting rights, revenue sharing, and exclusive access to features within the BitDAO ecosystem. This includes Mantle Network.

Token Lockup: There is no information available on token lockup for airdrops.

Spin ($SPIN) Token Airdrop Guide: How to get a second airdrop?

hrs@newsletter.paragraph.com (HRS) — Sun, 23 Apr 2023 19:38:08 GMT

Spin is a decentralized crypto trading platform built on NEAR Protocol. It offers users a secure, fast, transparent, and cost-effective way to trade in digital assets. Their user experience is designed to be competitive with centralized exchanges, while still providing the benefits of decentralization. Spin has already completed its first airdrop in December 2022 and was a huge success. Don’t worry if you missed out on their first airdrop because Spin is now in the final countdown for its second (bigger) airdrop, and a snapshot will be taken soon. Here’s our guide on how you can get the second Spin token airdrop.

Spin has successfully completed its first airdrop in December 2022. Here’s how to get the second $SPIN token airdrop:

Use Spin mainnet.
Participate in the Spin community.
Own Spin NFTs.

See below for more details.

Spin is a decentralized trading platform built on NEAR Protocol. It provides users with a range of products and services designed to meet the needs of both novice and experienced traders, DeFi investors, and those seeking passive income. Spin combines the best of CeFi and DeFi to create an advanced 360° trading platform that offers a user experience comparable to that of a centralized exchange, without compromising on security, speed, transparency, or trading costs. Their features include spot trading, instant swaps, and perpetual features. They will also be launching their Automated Investment Products (AIPs) soon.

Spin has a native token known as $SPIN and is a utility and governance token. Utilities of the $SPIN token include:

Staking $SPIN can entitle you to 50% of the platform’s fees.
Trading actively on Spin can get you $SPIN token incentives as a reward.
Market makers receive $SPIN according to the amount of liquidity they provide, the spreads, and their uptime.
Vault users can receive rewards for depositing in Vaults (e.g. options premiums) and $SPIN tokens.

$SPIN has a total token supply of 1 billion tokens, of which 2.0% of the total token supply (i.e. 20 million $SPIN) will be allocated towards airdrops. Of this, 0.5% i.e. 5 million $SPIN have already been distributed in their first airdrop. So the second larger is going to be 3 times the size of the first!

Spin has already done a first airdrop in December 2022. During this airdrop, 0.5% of the total token supply (i.e. 5 million $SPIN), were allocated to the Early Adopters’ Airdrop.

Spin confirmed they will have a final $SPIN token airdrop for not-so-early users before their token launch, and which activities will qualify. 1.5% of the total $SPIN token supply (i.e. 15 million $SPIN), will be distributed in this airdrop. But, the vesting period will be stricter and longer. Here’s how to get the second $SPIN token airdrop:

Use Spin mainnet.
Participate in the Spin community.
Own Spin NFTs.

Use Spin mainnet

Spin’s mainnet has already been launched and all activities on it will count towards the second airdrop. Their protocol offers spot, perpetuals trading, and decentralized option vaults (DOV). To use Spin’s mainnet, go to their website and click “Trade on Spin”. Then, connect your wallet. You can then trade on their perpetual markets, spot markets and swaps. They also have a “Strategies” feature which allows users to choose a strategy to deposit funds. These Strategies will then start to generate income from option premiums. This is by running a weekly automated covered call strategy. Note however that this is Spin’s mainnet, so you will be using your own funds to trade.

Be an active participant in the Spin community by following their Twitter, and joining their Discord and Telegram. You can also go to Spin’s Crew3 questboard to complete their quests. However, this is only available for those who have the Spinosaur role on Discord.

Own Spin NFTs

Spin has released its own set of Freaky Elves NFTs. Owning a Freaky Elf NFT gives you the following perks:

Guaranteed and priority access to the SPIN IDO (Initial DEX Offering).
Access to premium product features on Spin. Such as fee discounts, early access to alpha features, special avatars, etc.
Get special Discord roles and private chat access with other NFT holders.

All Freaky Elf NFTs have been minted. However, you can buy them from NFT marketplaces such as Para.

As mentioned, Spin has already done a first token airdrop where 0.5% of the total $SPIN supply (i.e. 5 million $SPIN) was airdropped to users. These airdropped $SPIN tokens are required to be locked up for 3 months after the public token sale. To claim your first Spin token airdrop, go to their Airdrop Page and connect your wallet.

Likelihood of Airdrop: Spin has done a successful airdrop before and confirmed they will do a second one soon.

Airdropped Token Allocation: 1.5% of the token supply (i.e. 15 million $SPIN), will be distributed in this airdrop.

Airdrop Difficulty: Participating in this airdrop is going to be difficult. Users will have to be active on the Spin mainnet, and although they have different products to choose from (e.g. spot or perpetual trading), it does require users to use their own funds. Spin has also confirmed that holding its Freaky Elves NFT may entitle you to airdrops, but these have all been minted already. So you will need to buy them from NFT marketplaces.

Token Utility: $SPIN and is a utility and governance token. $SPIN is also distributed as a reward for various activities on the protocol.

Token Lockup: Those who received the first $SPIN airdrop are locked up for 3 months after the public token sale. The team has said that the lockup for the second $SPIN token airdrop will be “stricter and longer”, but it is unknown how long it will actually be.

EchoDex ($ECP) Token Airdrop Guide: LIVE NOW!!!

hrs@newsletter.paragraph.com (HRS) — Sat, 22 Apr 2023 21:56:49 GMT

EchoDEX is built on the Linea Network, a zero-knowledge Ethereum Virtual Machine incubated by ConsenSys. The testnet has recently launched, and the team has confirmed that users can earn $ECP airdrops by using the protocol!

Lamina1 ($L1) Token Airdrop Guide: Testnet LIVE NOW!!!

hrs@newsletter.paragraph.com (HRS) — Fri, 21 Apr 2023 09:56:26 GMT

Lamina1 is a layer-1 blockchain based on a fork of Avalanche, built for the metaverse. It is co-founded by Peter Vessenes (co-founder of Bitcoin Foundation) and Neal Stephenson (award-winning author, coined the term “Metaverse”). Lamina1 has hinted on Discord at conducting a token airdrop for the community. In this article, we will briefly explain what Lamina1 is what you can do to position for the airdrop.

Here’s how to get the Lamina1 ($L1) token airdrop:

Create a Lamina1 Wallet
Add Lamina1 Testnet to MetaMask
Claim Testnet $L1 Tokens on MetaMask
Claim Testnet $L1 Tokens on C-Chain Address
Complete Tasks on Crew3
Set Up a Node

See below for more in-depth details!

Lamina1 is a layer-1 blockchain optimized for the Open Metaverse. It is based on a fork of the Avalanche blockchain, providing builders a flexible framework to create digital assets. The network uses a high-speed proof-of-stake (PoS) consensus algorithm, customized to support the needs of content creators.

Lamina1 was co-founded by Peter Vessenes (co-founder of Bitcoin Foundation) and Neal Stephenson (award-winning author, coined the term “metaverse”). The project has set up the Lamina1 Ecosystem Fund (L1EF), the world’s first publicly accessible ecosystem fund for layer-1 blockchains. It is designed to provide broad economic access to accredited investors interested in championing the Open Metaverse.

Yes, Lamina1 has a native token called $L1. It’s a hard-capped, scarce asset that is used to pay for fees, and secure the platform through proof-of-stake. It has a basic unit of account between the multiple Subnets created on the blockchain. One nL1 is equal to 0.000000001 L1.

The best way to get the potential Lamina1 ($L1) token airdrop is to interact with their testnet and complete tasks on Zealy. Here’s a step-by-step guide:

Create a Lamina1 Wallet
Go to the Lamina1 Web Portal and create a new L1 Wallet. Generate your key phrase and save them securely.

After your wallet is created, you’ll be redirected to your portfolio page. At the top right screen, you’ll see your X-Chain, P-Chain, and C-Chain wallet addresses and QR code.

X-Chain is for receiving funds, P-Chain is for receiving staking rewards and cross chain transfers, and C-Chain is for interacting with the Ethereum Virtual Machine (EVM).

Add Lamina1 Testnet to MetaMask
Go to the Faucet page. Click “Add Subnet to MetaMask” at the bottom, and you will automatically have the Lamina1 Testnet network on your MetaMask.
Claim Testnet $L1 Tokens on MetaMask
On the Faucet page, paste your MetaMask address and request 2 L1.
Claim Testnet $L1 Tokens on C-Chain Address
Paste your Lamina1 C-Chain wallet address and request 2 L1.

The C-Chain can only be used to claim test tokens, because the faucet is only compatible with Ethereum-based wallet clients.

Complete Tasks on Zealy
Complete the tasks on Zealy to get the “Testnet” role. This allows Lamina1 to keep track of your participation. Those who participated by accruing XP on Crew3 will receive an End-of-Testnet Giveaway!
Set Up a Node
You can also set up a node and run it on the Lamina1 primary network. They have a complete guide on it.

Likelihood of Airdrop: Lamina1 has addressed the community on conducting a token airdrop. They will officially announce the details soon, so stay tuned for future updates!

Airdropped Token Allocation: The total token supply is yet to be revealed.

Airdrop Difficulty: For now, the tasks are simply claiming testnet tokens on Lamina1. More features will be released soon. You don’t have to set up a node if you simply want to be a user of the protocol.

Token Utility: $L1 will be used for transaction fees and staking to secure the network.

Token Lockup: There is no tokenomics yet.

ZKX Protocol ($ZKX) Token Airdrop Guide: LIVE NOW!!!

hrs@newsletter.paragraph.com (HRS) — Thu, 20 Apr 2023 01:09:45 GMT

ZKX Protocol is a perpetual futures DEX built on StarkNet. Their team has hinted at a token airdrop to the community in the future! In this article, we will briefly explain what ZKX Protocol is and what you can do to position for the airdrop.

Here’s how to get the $ZKX token airdrop:

Connect Your Wallet to ZKX Testnet
Trade Perpetual Futures
Provide Feedback

See below for more in-depth details!

ZKX is a permissionless protocol for derivatives built on StarkNet, with a decentralized order book and a unique way to offer complex financial instruments as swaps. It allows users to trade perpetual futures while maintaining self-custody of their funds.

Additionally, the platform is governed by ZKX DAO. Community members can earn USDC from ZKX DAO by trading, staking, providing liquidity, or becoming a node provider. The more actions a stakeholder performs, the more digital shares of ZKX they will accumulate.

In July 2022, ZKX raised $4.5 million in a seed funding round with participation from StarkWare, Huobi, Crypto.com, Amber Group, HashKey Capital and more.

Yes, ZKX Protocol plans to launch its $ZKX token in the future. Token holders can stake their tokens to gain access to digital shares of ZKX, which is linked to both governance and protocol rewards.

ZKX has also hinted on Telegram about conducting a future airdrop. Therefore, it is likely that early testnet users may qualify for the airdrop when the token launches.

The best way to get the $ZKX airdrop is to interact with the ZKX testnet. Here’s a step-by-step guide:

Connect Your Wallet to ZKX Testnet
Connect your MetaMask or other supported wallets to the ZKX Testnet page. Click on “Link Wallet” to sign the message confirming you are the owner of the wallet. Switch the network to Goerli.

Once your wallet is connected, you will have a ZKX account with 10,000 test USDC. Please note that this process may take some time.

Trade Perpetual Futures
Now you can start trading at the Trade page. Select a trading pair and place an order. There is a slider button you can turn on that allows you set the leverage ratio by moving the slide bar.

You can see all of your created orders at the Orders page. There are many order types on ZKX. They have a complete guide on how to trade.

Provide Feedback
You can send your feedback and requests by clicking on the “?” button on the top right screen.

Likelihood of Airdrop: The ZKX team has hinted on Telegram that there might be a future airdrop for the community.

Airdropped Token Allocation: There is no tokenomics yet.

Airdrop Difficulty: Simply trade perpetual futures on the testnet. The UI and UX of the testnet page are user-friendly.

Token Utility: The $ZKX token can be staked to gain access to digital shares of the protocol, which is linked to both governance and protocol rewards.

Token Lockup: There is no tokenomics yet.

Venom Foundation ($VENOM) Token Airdrop: Next Big Blockchain Narrative?

hrs@newsletter.paragraph.com (HRS) — Wed, 19 Apr 2023 14:12:18 GMT

As of now, the Venom blockchain is very new, so there is no apps for users to interact with. It is still in the development phase. But if you have experience with building blockchain infrastructure and would like to development on the Venom testnet, you can check out their development guides.

As users, we are in a very good position to get in early, so we will be updating this guide in the coming weeks, once the testnet is open to users.

Likelihood of Airdrop: Venom Foundation has not officially confirmed an airdrop, but they revealed in their whitepaper that they will reward early users who contribute to the Venom network.

Airdropped Token Allocation: 22% of the initial token supply will be allocated to the community.

Airdrop Difficulty: The Venom testnet is not launched yet.

Davos Protocol ($DGT) Token Airdrop Guide: LIVE NOW!

hrs@newsletter.paragraph.com (HRS) — Tue, 18 Apr 2023 10:03:54 GMT

Davos Protocol is a new type of stable asset protocol that allows users to earn yield from staked assets with low collateral risk. Its mainnet was recently launched on Polygon, and early users could qualify for a potential airdrop. In this article, we will briefly explain what Davos Protocol is and what you can do to position for the airdrop.

Here’s how to receive the $DGT airdrop:

Connect Your Wallet to Davos Protocol
Deposit $MATIC as Collateral
Stake $DAVOS to Earn $DGT
Deposit on Gamma Boosted Vaults
Provide Liquidity on Uniswap or QuickSwap

See below for more in-depth details!

The Davos Protocol is a new type of stable asset protocol that solves the problem of locked-up liquidity in a sustainable way. It achieves this by using liquid staking and over-collateralization to enable a real yield extracted from liquid staking rewards for Davos stable assets on proof-of-stake (PoS) networks.

The monetary policy of Davos regulates the price stability of the stable asset $DAVOS. Through a revenue distribution system, Davos rewards liquidity providers with a stable yield. It accepts coins from multiple PoS networks as collateral to borrow $DAVOS stable assets and runs diverse low-risk strategies to generate yield from the collateralized assets. The generated yield is then redistributed to $DAVOS stakers and DEX liquidity providers.

Yes, Davos Protocol uses a dual token model consisting of $DAVOS and $DGT. $DAVOS is the stable asset backed by staked MATIC as collateral, allowing users to yield farm. On the other hand, $DGT is used for platform governance, participants incentivization, and voting on upgrades such as adding a new vault or changing protocol parameters and fees.

$DAVOS is already live and in use, but the $DGT token will launch in the future.

The best chance to get the $DGT token airdrop is to interact with the Davos Protocol mainnet. Here’s a step-by-step guide:

Connect Your Wallet to Davos Protocol
Connect your MetaMask or other supported wallets to the Davos Protocol app. Switch the network to the Polygon mainnet.
Deposit $MATIC as Collateral
Go to the borrow page, provide $MATIC as collateral to borrow $DAVOS tokens.

The Davos team recommends keeping the borrowing amount under 75% of the maximum limit to prevent loan liquidation, which could occur due to changes in the collateral’s value.

Stake $DAVOS to Earn $DGT
Go to the earn page, stake your $DAVOS to earn $DGT rewards which could translate to the token when it is launched.

If you unstake your tokens, you will need to repay the debt you owe in $DAVOS tokens to close your position.

Deposit on Gamma Boosted Vaults
On the same page, you can deposit USDC/DAVOS pair on Gamma via Uniswap or QuickSwap.
Provide Liquidity on Uniswap or QuickSwap
You can also directly provide USDC/DAVOS liquidity on Uniswap or QuickSwap.

Likelihood of Airdrop: Davos Protocol has not launched its $DGT token yet, but early users can potentially qualify for an airdrop.

Airdropped Token Allocation: Token allocation for airdrops is not confirmed yet.

Airdrop Difficulty: The steps are straightforward. Just provide $MATIC as collateral to borrow and stake $DAVOS. However, keep in mind that real funds are used, as it is deployed on the Polygon mainnet.

Token Utility: $DAVOS is the stable asset backed by staked $MATIC, whereas $DGT is the governance token of the protocol.

Token Lockup: There is no information on token lockup yet.

Arrakis Finance ($SPICE) Token Airdrop Guide: LIVE NOW!!!

hrs@newsletter.paragraph.com (HRS) — Mon, 17 Apr 2023 08:38:28 GMT

Arrakis Finance is one of the largest liquidity management protocols for leading DeFi projects. The team will launch its native token, $SPICE, and has confirmed an airdrop for the community. In this article, we will briefly explain what Arrakis Finance is and how you can position yourself for the airdrop.

Here’s how to receive the $SPICE airdrop:

Connect your wallet to Arrakis Finance
Provide Liquidity to Vault

See below for more in-depth details!

Arrakis Finance is a liquidity management protocol used by leading DeFi projects to bootstrap liquidity for their tokens across multiple blockchains. Some of the top DeFi projects that have adopted Arrakis vaults include Aave, MakerDAO, and Synthetix. At its peak in July 2022, the platform had $1.83 billion in total value locked (TVL).

Arrakis aims to solve pain points that many projects in web3 are facing today. Traditional Uniswap v2 automated market makers (AMM) provide a one-size-fits-all liquidity solution. While being simple, they lack efficiency and are costly to subsidize liquidity programs. Next generation AMMs like Uniswap v3 provide liquidity efficiency improvements, however at the cost of added complexity and risk to liquidity providers (LP).

The multichain landscape made liquidity increasingly fragmented and the operational overhead of managing liquidity exponentially higher. Projects are forced to spend an unnecessary amount of time and resources on complex topics such as active liquidity management, cross-chain liquidity provision, and modeling expenditures on market making programs. Arrakis solves these issues by creating a curated marketplace of novel tokenized LP strategies that facilitate deep liquidity and optimize LP earnings.

Yes, $SPICE is a token that Arrakis Finance uses to add transparent governance and new incentive mechanisms to its protocol. The Arrakis DAO manages its tokenized strategies with its curated list of automated strategies. The protocol takes a 25% commission on fees earned from all liquidity under management as protocol revenue.

Projects get optimized liquidity without the management overhead and access to liquidity gauge emissions of $SPICE. These emissions provide additional incentives for LPs and attract liquidity to vaults. They also double as a bootstrapping mechanism for distributing governance power over the Arrakis protocol by vote locking $SPICE for non-transferable $xSPICE.

Yes, the Arrakis team has confirmed an upcoming $SPICE airdrop on Discord, and they will announce further details soon. Moreover, if you locked $GEL tokens as part of the Gelato Network Lockdrop Program between May and June last year, you will receive $SPICE airdrops when the token launches. The Gelato Network is a web3 automation network that helped incubate Arrakis Finance.

The best chance to get the $SPICE airdrop is to provide liquidity on the Arrakis Vaults. The protocol is live on four mainnets: Ethereum, Polygon, Optimism, and Arbitrum. So you will need real funds to qualify for the $SPICE airdrop. Here’s a step-by-step guide:

Connect Your Wallet to Arrakis Finance
Connect your MetaMask or other supported wallets to the Arrakis Finance Vault page. Switch the network to Ethereum, Polygon, Optimism, or Arbitrum, depending on where your funds are located.
Provide Liquidity to Vault
Select a liquidity pool you want and deposit your token pairs. Each pool has different rewards and fee tiers.

If you want to minimize impermanent loss risk, stablecoin pair LPs are a safer choice.

Likelihood of Airdrop: The Arrakis team has confirmed on Discord that there will be a $SPICE airdrop. More details to be announced soon.

Airdropped Token Allocation: The token allocation for Vault liquidity providers is yet to be determined. However, those who participated in the $GEL Lockdrop Program last year will split the 30 million $SPICE airdrop pro-rata.

Airdrop Difficulty: The steps are straightforward. You just have to provide liquidity to the Arrakis Vault. However, keep in mind that real funds are used, as it is deployed on the mainnets.

Token Utility: $SPICE is the native governance token of Arrakis Finance that adds new incentive mechanisms to its protocol.

Token Lockup: The tokenomics of $SPICE is not yet finalized.

ether.fi ($ETHFI) Token Airdrop Guide: LIVE NOW!!!(Ends Mid-April)

hrs@newsletter.paragraph.com (HRS) — Sun, 16 Apr 2023 08:39:59 GMT

ether.fi is a liquid staking protocol that is currently conducting its Early Adopter Programme. Users who staked ETH on the platform can earn bonus points, which could translate to an airdrop once the token is launched. The snapshot will be taken in mid-April, so don’t miss it!

Here’s how to receive the $ETHFI token airdrop:

Connect your wallet to the ether.fi mainnet
Stake ETH or ETH-pegged assets

See below for more in-depth details!

ether.fi is a decentralized staking protocol that allows users to earn rewards by delegating staking to node operators. It is unique in that it is the only liquid staking protocol where stakers keep control of their keys while delegating staking to node operators and earning rewards. Users can deposit their ETH, wstETH, rETH, cbETH, sfrxETH into their Early Adopter Programme and earn rewards.

The project’s smart contracts have been audited by reputable blockchain security firms CertiK and Zellic. They have also implemented a bug bounty program to incentivize security researchers to find vulnerabilities in their smart contracts.

Ether.fi has completed a $5.3 million funding round co-led by investors North Island Ventures (NIV) and Chapter One. The funding will be used to hire more engineers for the team and pursue further partnerships in addition to its current relationships with node operators such as Kiln and Finoa.

Yes, ether.fi is planning to launch its liquid staking derivative token $ETHFI. It will also function as a governance tool for the community.

As part of the ether.fi Early Adopter Programme, users who have staked ETH on the platform can earn bonus points, which could translate to an airdrop once the token is launched. The snapshot will be taken mid-April. Here’s a step-by-step guide:

Connect Your Wallet to ether.fi
Connect your MetaMask or other supported wallets to the ether.fi mainnet. Make sure the page is on “Early Adopter”. You can see this on the top middle of the screen.
Stake ETH or ETH-pegged Assets
You can stake ETH, rETH, cbETH, wstETH or sfrxETH to earn bonus points. The deposit amount may not be lower than 0.1. Once ether.fi is fully launched, you will be able to migrate your deposit to EtherFi staking.

Keep in mind your points will reset after each deposit. You can withdraw at any time with no penalty, but you will lose your bonus points in doing so.

Likelihood of Airdrop: ether.fi is currently conducting its Early Adopter Programme. Users who have staked ETH on the platform can earn bonus points, which could potentially convert to an airdrop upon the token’s launch.

Airdropped Token Allocation: Their tokenomics is not yet available.

Airdrop Difficulty: All you have to do is stake ETH or ETH-pegged assets on the platform. Make sure you have enough ETH to cover gas fees.

Token Utility: $ETHFI is a liquid staking derivative token which also functions as a governance tool for the protocol.

Token Lockup: Their tokenomics is not yet available.

SpartaDex ($SPARTA) Token Airdrop Guide: Testnet LIVE NOW!!!

hrs@newsletter.paragraph.com (HRS) — Sat, 15 Apr 2023 12:32:01 GMT

SpartaDex is a unique concept of decentralized exchange with implemented gaming layer, built on Arbitrum. It allows users to build their Spartan settlement, gather resources, recruit an army and conquer barbarian territories. The yield and profits are directly related to the user’s progress through the game.

SpartaDex incentivizes liquidity providers of whitelisted pools with their native $SPARTA token. Providing liquidity to selected pairs of partner projects also rewards in the project token.

Yes, SpartaDEX has a native token called $SPARTA. The project team has announced on Twitter that there will be a $SPARTA token airdrop for the community.

The best chance to get the $SPARTA token airdrop is to (1) hold a Spartan NFT and (2) interact with the app:

The project team has confirmed that Spartan NFT holders are eligible for future airdrops. All NFTs have been minted already, but you can purchase one in OpenSea.
The SpartaDex testnet is now live on Polygon Mumbai. Only whitelisted addresses are able to interact with it now (those who completed the Galxe campaign). However, its mainnet will launch on Arbitrum later this year, and it is open to the public. Those who missed the whitelist opportunity can then interact with the game for a chance to get the airdrop.

Likelihood of Airdrop: SpartaDex has confirmed a $SPARTA token airdrop for Spartan NFT holders and early app users once the token is launched.

Airdropped Token Allocation: The project team has not yet published details of the airdropped token allocation.

Airdrop Difficulty: Consider purchasing a Spartan NFT if you are prepared to maintain ownership over an extended period; otherwise, it may not be a valuable investment.

Token Utility: Staking $SPARTA provides Real Yield, which comes not only from commissions earned by the exchange but also from income generated by game-related microtransactions.

Token Lockup: Tokens allocated to ecosystem rewards will follow a 72-month linear vesting with halving mechanism. On the other hand, tokens allocated to the project team and advisors will follow a 6-month cliff and an 18-month linear vesting.

SpartaDex ($SPARTA) Token Airdrop Guide: Testnet LIVE NOW!!!

hrs@newsletter.paragraph.com (HRS) — Fri, 14 Apr 2023 00:23:42 GMT

SpartaDex incentivizes liquidity providers of whitelisted pools with their native $SPARTA token. Providing liquidity to selected pairs of partner projects also rewards in the project token.

Yes, SpartaDEX has a native token called $SPARTA. The project team has announced on Twitter that there will be a $SPARTA token airdrop for the community.

The best chance to get the $SPARTA token airdrop is to (1) hold a Spartan NFT and (2) interact with the app:

The project team has confirmed that Spartan NFT holders are eligible for future airdrops. All NFTs have been minted already, but you can purchase one in OpenSea.
The SpartaDex testnet is now live on Polygon Mumbai. Only whitelisted addresses are able to interact with it now (those who completed the Galxe campaign). However, its mainnet will launch on Arbitrum later this year, and it is open to the public. Those who missed the whitelist opportunity can then interact with the game for a chance to get the airdrop.

Likelihood of Airdrop: SpartaDex has confirmed a $SPARTA token airdrop for Spartan NFT holders and early app users once the token is launched.

Airdropped Token Allocation: The project team has not yet published details of the airdropped token allocation.

Airdrop Difficulty: Consider purchasing a Spartan NFT if you are prepared to maintain ownership over an extended period; otherwise, it may not be a valuable investment.

Token Utility: Staking $SPARTA provides Real Yield, which comes not only from commissions earned by the exchange but also from income generated by game-related microtransactions.

Aark Digital Token Airdrop Guide: LIVE NOW!!!

hrs@newsletter.paragraph.com (HRS) — Thu, 13 Apr 2023 11:54:15 GMT

Aark Digital is a decentralized perpetuals exchange built on Arbitrum. The team has mentioned on Discord that there will be an airdrop for the community in the future. In this article, we will briefly explain what Aark Digital is and what you can do to position for the airdrop.

Here’s how to get the Aark Digital token airdrop:

Add Arbitrum Goerli to Wallet
Complete Tasks to Claim Testnet Tokens
Deposit on Aark Testnet Futures Account
Place Futures Orders
Provide Liquidity
Deposit Insurance Fund
Deposit on Nitro LP (Mainnet Action)

See below for more in-depth details!

Aark Digital is a derivatives decentralized exchange (DEX) built on Arbitrum. It is the first Peer-to-Pool perpetuals DEX custom built for professional traders. It offers abundant liquidity with 50+ trading pairs and any whitelisted assets as collateral. Cross-margin trading is also available. For liquidity providers, it offers leveraged LP, delta neutral LP and insurance fund.

It is designed to provide a solution for the pain points of perp DEXs. Traders on the Aark platform are not required to sell assets they own to open a position. They can instead deposit these assets as collateral, which will be held until the user’s position is liquidated due to a loss.

Aark Digital does not have a token yet, but they have mentioned on Discord that there will be an airdrop for the community. This means that a token launch is highly likely, and the team will announce more details soon.

You will need to interact with the Aark Digital Testnet OR deposit USDC in the mainnet liquidity pool in order to be eligible for a future token airdrop. Here’s a step-by-step guide:

Add Arbitrum Goerli to Wallet
You can add Arbitrum Goerli via Chainlist on your MetaMask or other supported wallets. It is the testnet network for Arbitrum.
Complete Tasks to Claim Testnet Tokens
You will need to complete some easy tasks on Zealy (Crew3) to claim testnet tokens on Aark’s Discord:

Connect your MetaMask wallet, and get the Crew3 role by following their Twitter, Discord, Telegram, and Medium.

Afterwards, go to the “verify crew” channel on Aark’s Discord and submit your wallet address. Then, go to the “faucet” channel and claim testnet tokens (test BTC, WETH, USDC).

Deposit on Aark Testnet Futures Account
Go to Aark Testnet. Start by depositing some of your testnet tokens on your Futures account. Try not to deposit all as you will need some for the other features.
Place Futures Orders
Now you can start trading at the Futures page. Choose a trading pair to trade located at the left side of the screen. Then, place a market order or limit order on the right of the screen. Set the leverage ratio by moving the slide bar.

You can see all of your created orders under the Position tab located at the bottom of the screen. Additionally, you can keep track of your previous orders under the Trade History tab.

Provide Liquidity
First, deposit some of your testnet tokens on your Liquidity Provider account. Then, go to the Liquidity page and open an LP position. Set the leverage ratio by moving the slide bar, and then place order to confirm.
Deposit Insurance Fund
You can also deposit test USDC in the Insurance Fund page. This feature allows you to earn from liquidation fees.
Deposit on Nitro LP (Mainnet Action)
If you wish to interact with more than just the testnet, you can provide liquidity to the Aark Digital Liquidity Pool on Arbitrum mainnet. Connect your wallet to the Nitro LP page, and switch the network to Arbitrum One.

Once you’re in, scroll down and you’ll see different tiers of LP products. Select a tier and approve USDC to deposit. Learn more about the risk ratio on their Medium article.

Likelihood of Airdrop: The Aark Digital team has mentioned on Discord that there will be an airdrop for the community. More details soon to follow.

Airdropped Token Allocation: There is no tokenomics yet.

Airdrop Difficulty: The testnet is very user-friendly and easy to use. For depositing liquidity on the mainnet, please do your own research as it involves real funds.

Token Utility: There is no details of the token utility yet.

Token Lockup: There is no tokenomics yet.

ChainHop Token Airdrop Guide: LIVE NOW!

hrs@newsletter.paragraph.com (HRS) — Tue, 11 Apr 2023 09:51:08 GMT

ChainHop is a composable omnichain liquidity aggregation protocol that enables one-click, cross-chain swaps with the deepest liquidity and the best rate. The project has hinted at launching its own token. Early users who’ve used the platform to do cross-chain swaps may get an airdrop!

Here’s how to receive a potential ChainHop token airdrop:

Connect Your Wallet to ChainHop
Perform Cross-Chain Swap

See below for more in-depth details!

ChainHop is an Open API that allows swapping tokens between different chains by using liquidity from various DEXes and bridges. It does this by leveraging cross-chain message passing, allowing the protocol to aggregate multi-chain liquidity sources. It also offers white label solutions for DEXes, NFT platforms and marketplaces, Wallets, GameFi projects, and much more.

Over the past six months, ChainHop has been audited by leading blockchain security firms PeckShield and SlowMist.

ChainHop has partnered with Celer Network to build inter-chain messaging. The ChainHop project has been drawing liquidity from the biggest DEXes in the crypto industry coming from 7 different blockchains: Ethereum, Polygon, BNB Chain, Fantom, Optimism, Avalanche, and Arbitrum. The partnership between ChainHop and Celer Network will enable developers to easily access the cross-chain liquidity protocol to build cross-chain DeFi, NFT marketplaces, IDO launchpad platforms, and more.

ChainHop does not have a token at the moment. However, they have mentioned in their user document that they might launch one in the future. Additionally, early users of the protocol can potentially qualify for an airdrop.

The best chance to get the ChainHop Token Airdrop is to perform cross-chain swaps on their platform. Here’s a step-by-step guide:

Connect Your Wallet to ChainHop
Visit the ChainHop Exchange App and connect your MetaMask or other supported wallets. There are seven mainnet chains to choose from. Make sure you have enough funds to cover gas fees.
Perform Cross-Chain Swap
Select a source chain and the token you want to swap, then select a destination chain and the token you want to receive. Confirm the transaction and you’re done!

You can also swap tokens within the same chain, but we recommend swapping on different chains. The more chains you interact with, the more on-chain evidence you generate that could qualify you for a potential ChainHop token airdrop.

Likelihood of Airdrop: ChainHop does not have a token at the moment, but could launch one in the future. Early users can potentially qualify for an airdrop.

Airdropped Token Allocation: There is no tokenomics yet.

Airdrop Difficulty: All you have to do is swap tokens between different chains. Keep in mind that they are mainnets, which means you will need real money to swap and cover gas fees.

Token Utility: There is no token yet.

Token Lockup: There is no tokenomics yet.

ParaSpace Token Airdrop Guide: LIVE NOW!!!

hrs@newsletter.paragraph.com (HRS) — Mon, 10 Apr 2023 09:05:35 GMT

ParaSpace recently introduced an incentive program in which users’ actions and activities earn points that can be redeemed for ParaSpace governance tokens through an airdrop when the token launches. Moreover, users have the opportunity to receive a 300% boost in points accumulation until June 30, 2023. In this article, we will explain what ParaSpace is and what you can do position yourself for the airdrop.

Connect Wallet to ParaSpace App
Supply ERC-20 or ERC-721 Tokens to ParaSpace
Liquidate NFTs
Borrow ERC-20 Tokens
Stake ApeCoins ($APE) in Auto Compound Pool
Stake NFTs in Auto Compound Pool
Use Share Staking Pool
Buy NFT with Credit

More in-depth details can be found below!

ParaSpace is a cross-margin NFT lending protocol that enables users to borrow ETH, stablecoins, and supported ERC-20 tokens against various crypto assets such as blue-chip NFTs, ERC-20 tokens, and Uniswap V3 LPs. The platform allows NFT owners to lend and borrow ERC-20 tokens against a diverse array of non-fungible investments, while ERC-20 holders can earn yields through lending against NFTs.

According to DefiLlama, ParaSpace is the second largest NFT lending protocol in total value locked ($100.5 million) at the time of writing. It is also the sister company of Parallel Finance ($PARA), and both platforms have been audited by some of the top smart contract security firms such as Certik, Trail of Bits, and Veridise.

ParaSpace does not have a token yet, but has confirmed that it will launch a governance token in the future. Token holders will be a part of the platform’s decentralized autonomous organization (DAO).

ParaSpace recently announced an incentive program where users’ actions and activities are rewarded with points that will be redeemed for ParaSpace governance token via airdrop when the token launches. Additionally, users can enjoy a 300% boost for earning points until 30th June, 2023. Here’s a step-by-step guide:

Connect Wallet to ParaSpace App
Connect your MetaMask or other supported wallets to app.para.space. The network is Ethereum Mainnet. You will need ERC-20 tokens or ERC-721 (NFTs) to interact with the protocol. Make sure you have enough ETH to cover gas fees.
Supply ERC-20 or ERC-721 Tokens to ParaSpace
If you own any blue-chip NFTs such as Bored Apes or CryptoPunks, you can supply them to the protocol to earn yields. Click the “supply” button on the main page.

Similarly, you can also lend out ERC-20 tokens to earn yields.

Liquidate NFTs
You can perform liquidations for both the user account and tokens held within the account in the Liquidation section.
Borrow ERC-20 Tokens
You can borrow ERC-20 tokens from the protocol, but you will first need to supply NFTs or ERC-20 tokens as collateral.
Stake ApeCoins ($APE) in Auto Compound Pool
You can stake your $APE in the ParaSpace ApeCoin Pool to earn high APY rewards. You can also borrow $APE to stake if you don’t have any.
Stake NFTs in Auto Compound Pool
For NFT owners with or without ApeCoins, you can stake your NFTs in the NFT Staking Pools to earn $APE.
Use Share Staking Pool
You can create $APE listings or NFT listings for the Share Staking Pool. This allows you to find other users to match with your assets for staking purposes and share the APY rewards.
Buy NFT with Credit
You can also buy listed NFT collections with ETH in the ParaSpace marketplace.

Likelihood of Airdrop: ParaSpace has confirmed users’ actions and activities will be rewarded with points that will be redeemed for ParaSpace tokens via airdrop when the token launches. Additionally, users can enjoy a 300% boost for earning points until 30th June, 2023.

Airdropped Token Allocation: ParaSpace is still designing its tokenomics for long-term sustainability.

Airdrop Difficulty: It is recommended to engage in this activity only if you have experience borrowing and lending Ethereum NFTs. You will need ERC-20 tokens or ERC-721 (NFTs) to interact with the protocol. You will also need some ETH to cover gas fees.

Token Utility: The ParaSpace token will be used for governance of the lending protocol.

Token Lockup: Details of token lockup period is not yet available.

Script Network ($SCPT + $SPAY) Token Airdrop Guide: LIVE NOW!!!

hrs@newsletter.paragraph.com (HRS) — Sun, 09 Apr 2023 08:50:50 GMT

The Script Network testnet just went live, and you can earn points from completing simple tasks, which directly correspond to your token rewards. In this article, we will explain what Script Network is and what you can do to position yourself for the airdrop.

Here’s how to get a potential Script Network airdrop:

Sign up for Script Network
Interact with Script Network
Create a wallet.
Request $SPAY and $SCPT tokens from faucet.
Stake tokens
Transfer tokens between wallets
Complete tasks on Crew3

See below for more details

Script Network, also known as Script TV, is a decentralized streaming platform powered by their own layer-1 protocol, Script Blockchain. It aims to solve some of the problems the current streaming industry is facing. Apart from video streaming services, the system provides incentives for decentralized bandwidth and content-sharing, all at a more affordable rate than conventional service providers. Moreover, users can earn tokens (i.e. $SPAY) and other rewards from watching content, hence their watch-to-earn economy model.

Script Blockchain is a specialized blockchain designed to relay video and data. Its unique multi-BFT consensus design includes Validator Nodes and Lightning Nodes that propose and verify new blocks. The blockchain also supports Turing-complete smart contracts, allowing for new user experiences and attribution models for DApps.

With smart contracts, users can enjoy digitized item ownership, innovative payment models, and trustless crowdfunding mechanisms. As a result, community members can host and relay live stream video data globally. The network is run by thousands of community members, eliminating the need for a single central server or service.

Abiel Alazar and Akeem Ouko are the co-founders of Script Network, which has a team of team skilled professionals with previous work experience at Sony, HBO, Spotify, EA, PayPal, Nike, and Adidas. They’re backed by some of the prominent Web3 organizations including Chainlink, NFTrade, Poolz, and Gate.io.

Yes, in fact, Script Network uses a dual token system — $SCPT and $SPAY:

$SCPT is the governance token used to manage the network and content through a decentralized autonomous organization (DAO), with a fixed supply of 1 billion tokens. It can also be used as payment for advertising and earned by running a node. Furthermore, users can stake $SCPT to receive crypto and NFT rewards.
- $SPAY is the operational token that is used for serves as a means of rewards, transactions, and upgrading ScriptGLASS, which is the required NFT for watch-to-earn. Unlike $SCPT, $SPAY has a token supply of 5 billion with a 7%-9% yearly inflation. Its primary function is to facilitate all transactions on the blockchain, including payment for sharing a video stream, interacting with smart contracts, and NFT transaction fees, among others.
Script Network has confirmed airdropping 10% of the total $SCPT supply and 7.5% of the initial $SPAY supply to the community. Here’s how to potentially get a $SPAY airdrop:
1. Sign up for Script Network
2. Interact with Script Network
3. Create a wallet.
4. Request $SPAY and $SCPT tokens from faucet.
5. Stake tokens
6. Transfer tokens between wallets
7. Complete tasks on Crew3
Sign up for Script Network
Go to token.script.tv/tv and click “sign in/sign up.” Connect your wallet such as MetaMask, and then sign up with your email. You can use our referral code 9GYApp1S3I.
Interact with Script Network
Once you have logged into Script Network, you’ll see all the channel and program schedules as you scroll down. You can select any video to watch, and there is a live chat room as well!
Go to token.script.tv/dashboard to see your account analytics. You can see your rewards and referral code here. There are also other features on the DApp, but they aren’t open currently.
As of now, there are four ways to earn points for the airdrop:
1. Log in every day.
2. Watch at least one video every day.
3. Talk on the live chat.
4. Invite friends with a referral code.
Create a wallet
To qualify, you need to sign up at the Script Network website here. To create a new wallet click “Create a Wallet” at the bottom of the page. Then you will be required to set up a password, tick the disclaimer, and download keystone onto your device. Afterward, copy down the 12-word recovery phrase and keep it safe. Finally, unlock your wallet to continue.

Request $SPAY and $SCPT tokens from faucet

To request $SPAY tokens, go to “Receive” in your wallet and “Faucet”. Afterward, you will be automatically logged out and asked to re-login. This is for security reasons. You will receive your testnet $SPAY tokens within 10–15 minutes.

To request $SCPT tokens, you will need to type in your Script Native wallet address in their #scpt-token-faucet Discord channel. You will receive your testnet $SCPT tokens within 24 hours.

Stake tokens

Note this option is only available to those who are running a test edge, lightning or validator node.

Transfer tokens between wallets

To transfer tokens, go to “Send” in your Script wallet. Choose which token ($SPAY or $SCPT) you wish to send, the destination address and the amount. Then hit “Send” and confirm the transaction with your wallet password.

Complete tasks on Crew3

Script Network has a Crew3 Questboard where users can complete tasks in order to earn XP points. Tasks include signing up to Script Network, joining and participating in their social media channels etc. The team has confirmed on their Discord channel that the XP rewards earned on Crew3 may be converted to rewards and used as the snapshot for the leaderboards. To participate in the Script Network Crew3, go to their Crew3 Questboard, connect your wallet, and complete the tasks.

Likelihood of Airdrop: Script Network has confirmed a $SCPT and $SPAY airdrop to the community.

Airdropped Token Allocation: 10% of the total $SCPT supply and 7.5% of the initial $SPAY supply will be airdropped.

Airdrop Difficulty: The four tasks are very easy to complete, just make sure to do them every day.

Token Utility: $SCPT is the governance token used to manage the network and content display, whereas $SPAY will be the operational token for transaction fees, rewards, and upgrading the ScriptGLASS NFT.

Token Lockup: The issuance of $SCPT tokens will follow a strict vesting schedule, indicating that Validators agree not to trade tokens during the initial six months and instead contribute them to the staking pool during this timeframe to facilitate the network’s functioning.