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Category: Crypto Trends

Make sense of the news and how it affects the blockchain space as a whole. Crypto trends is a collection of relevant news and insights to help you make an informed decision.

  • DOT is $DED token airdrop guide: Airdrop started!

    DOT is $DED token airdrop guide: Airdrop started!

    DOT is $DED is a memecoin on Polkadot ($DOT) and is very popular amongst the Polkadot community. The team have confirmed that 100% of the token supply will be airdropped starting on 23rd March 2024! Here’s our DOT is $DED token airdrop guide.

    Learn more about Polkadot!

    Check out our step-by-step guide!

    BIGGEST Memecoin Airdrop in Polkadot 2024 (Do this NOW)

    Boxmining+ EXTRA video guide

    What is DOT is $DED?

    DOT is $DED is a memecoin in the Polkadot ecosystem. According to the team, the goal of the project is to drive growth in the Polkadot ecosystem through onboarding new users, bringing in new liquidity and attracting new attention from the crypto community.

    DOT is $DED is created by a team of Polkadot natives and $DOT token holders.

    DED mine game

    How to get the DOT is $DED token airdrop

    Time needed: 1 hour

    Here’s how to get the DOT is $DED token airdrop.

    1. Get a Polkadot wallet

      To get the airdrop, you will need a Polkadot wallet such as Subwallet, Talisman, Enkrypt or Polkadot.js. We use Subwallet which is a Chrome extension that can be downloaded here.

      Subwallet is also a good choice because we can use it to stake Manta tokens for ecosystem airdrops. Check out our Manta token staking guide here.

    2. Fund your wallet with Polkadot ($DOT) tokens

      DOT is $DED will airdrop $DED tokens to any Polkadot $DOT token holders, including $DOT held on centralized exchanges. HOWEVER, the team have warned that it does not mean that the centralized exchanges would give $DED to their users.

      Therefore, you should move your Polkadot into your SubWallet to get the airdrop or buy Polkadot ($DOT) tokens from centralized exchanges such as Bybit, Binance or KuCoin exchange.

      Sign up for a Bybit account here!

    3. BONUS: Stake $DOT on Polkadot

      Staking $DOT tokens on Polkadot means you will be nominating a validator. However, there are requirements for becoming a nominator on Polkadot. To become a nominator on Polkadot, you will need 250 $DOT to run a nomination pool and maintain a 100% uptime.

    4. Join a nomination pool

      Alternatively, you can join a nomination pool with only 1 $DOT! To join a nomination pool, connect your wallet to https://staking.polkadot.network/?utm_source=polkadot.network#/pools, go to “All Pools” and choose a nomination pool to stake your Polkadot. However, you can only bond your $DOT tokens to one pool at a time, and it will take 28 days to unbond your tokens from the pool.

      To decide which Polkadot pool to stake your $DOT, we looked at https://polkadot.subscan.io/nomination_pool. In particular, we look at the “Reward Pool” and “Members” columns. We would look for pools that have higher Reward Pool but fewer Members. However, avoid the pools with “Destroying” or “Destroyed” as its status.

    5. Stake $DOT on Bifrost

      Go to https://bifrost.app/vstaking/vDOT and stake your $DOT to earn $vDOT. Bifrost is doing a campaign right now to further incentivize $vDOT holders until 10th March 2024! Note you will need to cross in (bridge) your $DOT to the Bifrost Polkadot network.

    6. Complete tasks on Airlyft

      Go to https://airlyft.one/bifrost-finance/vdot-is-ded-1708948824425 and complete the tasks. They also have a raffle where you can stand a chance to win 10 $BNC!

    7. Mint Deadmine NFT badge

      To mint the Deadmine NFT badge, go to https://ded.games/play/dedmine and play the Deadmine game. The goal of the game is to collect all 45 badges. No gas fees are required for this, and you may get a reward if you are able to collect all the badges.

    8. Complete Zealy quests

      Go to the DOT is DED Zealy questpage and complete the tasks. Tasks include reading articles, completing social tasks and creating content. They have a reward pool of 400 $DOT up for grabs!

    9. Claim Zealy quest rewards

      The first Zealy sprint has just concluded and the DOT is DED team have announced that rewards will be distributed in the next 7 days i.e. 12th March 2024. The team have also hinted that a new Zealy quest sprint will be coming soon.

    Dot is $DED snapshot taken!

    Dot is $DED has taken its snapshot at block height of 19,952,000.

    Dot is $DED airdrop started! Eligibility and distribution details

    On 23rd March 2024, Dot is $DED have confirmed that their airdrop has started! Those who are eligible with get 36 $DED for every DOT held at the time of the snapshot. $DED tokens will automatically be distributed to users, but will initially be frozen until exchange listings are confirmed. Users however can follow the token distribution and airdrop as it occurs live HERE.

    Check out our video with the latest news on the DOT is $DED airdrop distribution HERE!

    Dot is $DED trading?

    Airdropped $DED can be traded on HydraDX on its Isolated Pool. All $DED tokens will be thawed after 29th March 2024.

    Frequently Asked Questions (FAQs)

    Has the DOT is DED airdrop snapshot been taken yet?

    The DOT is DED airdrop snapshot has been taken at a block height of 19,952,000.

    Am I eligible for the DOT is DED airdrop?

    All DOT that is natively on Polkadot qualifies for the DOT is DED airdrop. However, if your DOT is stored on a centralized exchange, there is a possibility that the exchange will claim and keep your airdrop. So move your DOT off centralized exchanges!

    Will I still be eligible for the DOT is DED airdrop if my DOT is stored on a Ledger or Trezor hardware wallet?

    Yes, you will still be eligible for the DOT is DED airdrop, BUT you will not be able to transfer or swap the $DED tokens with a Ledger account until the new app is released.

    Is it too late to buy $DOT?

    Many see $DOT as having huge potential with the upcoming release of Polkadot 2.0. This will allow a lot of smaller projects to join the Polkadot ecosystem because the barrier to entry is much lower if they want to auction for a slot on Polkadot. The recent Polkadot event held in Hong Kong also attracted a lot of participants.

    Will there be more Polkadot airdrops in the future?

    We spoke to many project founders that attended the Polkadot event, many of them said they would do a token airdrop!

    Which is the best wallet for Polkadot?

    We like to use Subwallet for Polkadot as it allows us to also stake Manta tokens for ecosystem airdrops. Check out our Manta token staking guide here!

    Will I still be eligible for the DOT is DED airdrop if my DOT is staked on a Ledger?

    Yes, you will still be eligible for the DOT is DED airdrop, BUT you will not be able to transfer or swap the $DED tokens with a Ledger account until the new app is released.

    Will I still be eligible for the DOT is DED airdrop if my DOT is in liquid staking?

    You will be eligible for the DOT is DED airdrop if your $DOT is staked on Bifrost Finance, Acacia Network, or StellaSwap.

    Will I still be eligible for the DOT is DED airdrop if my DOT is held in a self-custody wallet?

    You will be eligible for the DOT is DED airdrop if your $DOT is held in a self-custody wallet such as Nova Wallet (mobile wallet ONLY), Talisman (desktop wallet ONLY), Subwallet and Fearless wallets.

    Where can I liquid stake my $DOT to get $DED?

    You can liquid stake my $DOT to get $DED at Bifrost Finance (vDOT), Acala Network (LDOT, tDOT, LCDOT, etc) or StellaSwap (stDOT).

    Will I still be eligible for the DOT is DED airdrop if my DOT is locked in a crowdloan?

    Yes! Your $DOT will still be eligible for the DOT is DED airdrop even if it is locked in a crowdloan. The team confirmed they are able to extra the amount of $DOT you have locked in crowdloan(s) and airdrop your $DED tokens to the wallet you lent your $DOT from.

    Will I still be eligible for the DOT is DED airdrop if I am liquidity providing my DOT?

    You will still be eligible for the DOT is DED airdrop if you are liquidity providing your DOT tokens. The $DED tokens will be airdropped to the parachain or dApp’s treasury. The protocol then has the responsibility to forward the $DED tokens to you.

    When is the $DED airdrop?

    The $DED airdrop started on 23rd March 2024 and is ongoing.

    How many $DED tokens will I receive in the airdrop?

    Those who are eligible will receive 36 $DED for every DOT held at the time of the snapshot.

    Why haven’t I received my $DED airdrop yet?

    The $DED airdrop distribution is ongoing, so some users may not have received their airdrop yet. You can follow the distribution in real time HERE.

    Where can I trade my $DED?

    Airdropped $DED can be traded on HydraDX.

    Are my $DED tokens thawed?

    All $DED tokens were thawed between 28th to 29th March 2024.

  • io.net ($IO) token airdrop guide: How to set up a worker node

    io.net ($IO) token airdrop guide: How to set up a worker node

    io.net ($IO) is a decentralized computing network that allows AI engineers to access scalable distributed computing power. Massive Web3 investors are backing this huge Decentralized Physical Infrastructure Network (DePIN) project. And they have officially announced the launch of its $IO token on 28th April 2024. This may be accompanied by an airdrop for participants in both the network and Galxe. Here is our io.net ($IO) token airdrop guide.

    Check out our step-by-step io.net ($IO) token airdrop guide!

    https://youtube.com/live/CWm3dZ_034k
    Io.net Airdrop: MASSIVE DePin Project with $1B Token Valuation (Docker Setup Guide)

    What is io.net?

    io.net, an enterprise-grade decentralized computing network, aggregates underutilized GPUs into a Decentralized Physical Infrastructure Network (DePIN) for AI/ML workloads. Its primary goal is to offer accessible compute resources at a reduced cost. Here are some main features of io.net.

    • Decentralized Computing: io.net is building an enterprise-grade decentralized computing network to provide machine learning engineers with distributed cloud clusters at a lower cost.
    • Mission and Vision: Their mission is to create the world’s largest AI compute network, with IO as the currency of compute, powering an ecosystem for accessible compute resources.
    • Challenges and Solutions: They address challenges like limited availability, poor choice, and high costs in traditional cloud services by aggregating underutilized GPUs into a Decentralized Physical Infrastructure Network (DePIN).
    • Core Functions: io.net supports batch inference, parallel training, hyperparameter tuning, and reinforcement learning, optimizing performance across a network of GPUs for AI/ML workloads.

    io.net is backed by HackVC, Multicoin Capital, Sandbox, Delphi Digital and Aptos, among others.

    How to get the io.net ($IO) token airdrop?

    If you have limited GP resources, one simpler way of getting the potential io.net ($IO) token airdrop is to create a worker node and complete the Galxe tasks. However, we predict that you are likely to receive more airdropped io.net ($IO) tokens if you set up the worker node. Therefore, here’s our guide on how to obtain the io.net ($IO) token airdrop, specifically focusing on setting up the worker node for MacOS.

    1. Complete Galxe tasks

      Go to io.net’s Galxe page and complete the tasks. These tasks not only involve following their social media pages but also getting Discord roles, as well as participating in their AMAs, completing daily tasks, and actively engaging on Discord for a specified number of days. Please note that you have until 30th April 2024 to complete these tasks2.

    2. Sign up on io.net

      Go to. https://cloud.io.net/login and create an account. Then, on the homepage, hover over the “io/cloud” logo on the top left hand corner and click “Worker”.

    3. Set up worker

      Firstly, on the homepage, hover over the “io/cloud” logo at the top left-hand corner and click “Worker”. Afterwards, click “Connect New Worker” at the top of the screen. Then, proceed by selecting your Operating System (for instance, Mac OS), Supplier, and finally, give your device a unique name and choose the device type.

    4. Download and set up Docker Desktop

      Download Docker Desktop for MAC OS HERE. Afterwards, choose the recommended settings when prompted.

    5. Download and launch binary

      On the Docker, click on “Containers” on the left hand side. Then, press the Command and Space keys on your keyboard to open the Terminal on your Mac. Paste each of the 3 commands on the webpage in step 3 above onto the Terminal and click “enter” after each one.

    6. Wait for setup

      After copying and pasting the commands onto Terminal in step 5 above you will need to wait for the setup to complete. Click “refresh” periodically whilst you are waiting. It could take up for 48 hours for the set up to be completed.

    7. Check that your setup is complete.

      To check that your setup is complete, type “docker ps” into your Terminal. If setup is completed the “CPU(%)” column will show a number. This number represents your CPU power.

    8. Set up payout account

      Go to https://cloud.io.net/worker/earnings-and-rewards and set up a payout account to your Solana wallet such as Phantom Wallet.

    The snapshot for Season 1 of the airdrop was taken on 25th April 2024.

    Frequently Asked Questions (FAQs)

    What are the recommended specifications for setting up a Worker Node

    Here are the recommended specifications for setting up a Worker Node: Windows OS, Computer GPU (Graphics Card)- RTX 3050 or higher.

    Why does the status not say “Running”/ Why don’t I have the green icon?

    If your status does not say “Running” or the green icon is not showing up, go to the “Control Panel” and then “Programs”. Then turn the Windows features on or off (as the case may be). Afterwards, go to “Enable” and you will see several files, tick the following: (1) Windows Subsystem for Linux; (2) Virtual Machine Platform; and (3) Windows Hypervisor Platform. This is so that your computer can talk to io.net.

    Is KYC required for participating in the potential io.net airdrop?

    No, you do not need to complete KYC for participating in the potential io.net airdrop.

    What to do if you are still not connected to io.net or set up is not complete

    The process may take up to 48 hours. If set up does not work, you may need to clear the cache, delete all containers and images, and set it up again. To stop and remove containers, type “sudo docker stop $(sudo docker ps -a -q); sudo docker rm $(sudo docker ps -q)” into Terminal. Then, follow the steps in this io.net ($IO) token airdrop guide to repeat the setup process again.

    Note we’ve heard of people repeating this process about 8 times before they were finally connected to io.net.

    How to clear the cache, delete all containers and images on io.net using a MAC device.

    To clear the cache, delete all containers and images on io.net using MAC, type in “sudo docker stop $(sudo docker ps -a -q); sudo docker rm $(sudo docker ps -q)” on Terminal.

  • Injective ($INJ) Ecosystem Token Airdrop Guide

    Injective ($INJ) Ecosystem Token Airdrop Guide

    Injective ($INJ) is a blockchain platform that aims to create a decentralized, scalable, and interoperable financial system using the fastest blockchain and Web3 modules. Injective has been going through a huge surge of attention recently and more protocols are building on Injective. And many of these protocols are doing token airdrops to reward its users. And there is Here is our ultimate guide to the best Injective $INJ ecosystem token airdrops.

    Check out our guide on how to earn insane passive income by doing token airdrops on the Injective ecosystem!

    What is Injective?

    Injective is a blockchain platform that aims to create a decentralized, scalable, and interoperable financial system using the fastest blockchain and Web3 modules. Injective’s ecosystem is reshaping a broken financial system with dApps that are highly interoperable, scalable, and truly decentralized, and aims to create a financial system that is truly free and inclusive through decentralization.

    Learn more about Injective

    Best Injective ($INJ) Ecosystem Token Airdrops

    Here are the best Injective ($INJ) ecosystem projects that are doing token airdrops.

    Black Panther Finance ($BLACK)

    Black Panther Finance is a protocol on Injective that helps users earn more from their digital assets by using smart vaults that trade for them with one click. The team have confirmed they will do an airdrop by distributing POINT tokens on the Injective mainnet. These POINT tokens will then be used to unlock rewards when their $BLACK token is launched.

    Get the Black Panther Finance airdrop by delegating your $INJ tokens to the Black Panther Validator. To do this, go to the Injective Hub and connect your wallet. Locate the validator named “Black Panther | Delegate for Claimdrop”. Click on “Delegate Now” and then “Continue to Delegate”. Finally, enter around 3 INJ as the amount to stake and confirm the transaction. Note however that it does take 21 days to unstake your $INJ on Black Panther Finance.

    Learn more with our Black Panther Finance ($BLACK) token airdrop guide!

    Talis Protocol

    Talis Protocol functions as an NFT marketplace for Injective NFTs. This platform allows users to buy or sell various digital collectibles.

    There are 2 main strategies to potentially receive the Talis Protocol airdrop. First, stake $INJ on the Talis Protocol validator. This shows you’re actively supporting the network. Second, trade Injective NFTs on the platform. By actively using the platform, buying or selling NFTs, you demonstrate your involvement and could potentially be rewarded with an airdrop.

    DojoSwap ($DOJO)

    DojoSwap is a decentralized finance platform on Injective that allows users to provide liquidity, stake INJ tokens, and farm rewards. The $DOJO token is the native token of DojoSwap, which gives users governance power, rewards, staking opportunities, and fee reduction benefits.

    To get the DojoSwap airdrop, users need to set up a web3 wallet, buy INJ tokens, transfer them to the wallet, connect it to DojoSwap, stake INJ tokens, and farm rewards by staking the liquidity pool tokens on DojoSwap. This will generate $POINTs that can be redeemed for $DOJO tokens, as well as trading fees from the liquidity pool pair.

    Check out our DojoSwap ($DOJO) token airdrop guide!

    Hydro Protocol ($HDRO)

    Hydro Protocol ($HDRO) is the first and only native liquid staking protocol on the Injective Network. The $HDRO token airdrop has three phases, and the last one is currently live until 31st January 2024. To get the airdrop, users need to stake their testnet $INJ tokens with Hydro Protocol and receive hINJ tokens, which can be used across other DeFi protocols and earn staking rewards. Users also need to participate in various features of the platform, such as yield farming, auto-compounding, liquidity pools, governance, and swapping. The airdrop amount will depend on the timing and amount of staking.

    Check out our Hydro Protocol ($HDRO) token airdrop guide

    How to get a potential Injective ($INJ) ecosystem token airdrop

    There are 3 main ways to get a potential Injective ($INJ) ecosystem token airdrop: Staking on validators, mainnet interactions and testnet interactions. Of these 3 methods, staking on validators will form the bulk of the airdrop tasks.

    Note you will need Injective $INJ tokens for staking on validators or for mainnet interactions. You can buy Injective $INJ tokens on centralized exchanges such as Bybit. Sign up for a Bybit account here!

    Staking on validators

    Time needed: 44 minutes

    Here’s how stake on validators on the Injective Ecosystem

    1. Set up Chrome profiles

      Open Google Chrome and click on your profile picture icon on the top right of the window. Then, Click on the cog icon next to Other profiles. Click on the plus sign in the Add box and name this profile. Repeat the previous steps for each profile you want to create.

    2. Install Keplr wallet onto Chrome profiles


      Install Keplr into each of the 10 Chrome profiles by going to the Keplr Chrome extension page and clicking “Add to Chrome” to install the Keplr Browser Extension.

    3. Create and manage a spreadsheet

      To manage your Chrome profiles and ensure you don’t lose your funds, create a spreadsheet and back up your private keys for each wallet. Then, add the TIA, INJ, OSMO and ATOM token addresses from each wallet into the spreadsheet.

    4. Deposit tokens into main Keplr wallet

      Deposit $INJ tokens into your main Keplr wallet.

    5. Distribute $INJ to each wallet

      Distribute around 6 $INJ into each of these wallets.

    6. Organise your Chrome profiles and Keplr dashboards

      Open each of your Chrome profiles with the Keplr dashboard open on each window.

    7. Stake $INJ on Black Panther Finance

      Connect your wallet to the Injective Hub and find the “Black Panther | Delegate for Claimdrop” validator. Click “Delegate Now” and “Continue to Delegate”. Stake around 3 $INJ to the Black Panther validator. Repeat this step for each of your Chrome profiles.

    8. Stake $INJ to Talis Protocol

      Search for Talis Protocol on the Injective Hub. Click “Delegate Now” and stake around 2.95 $INJ to the Talis Protocol validator. Repeat this step for each of your Chrome profiles.

    Injective hub validators

    Mainnet interactions

    Here’s how to do mainnet interactions to get a potential Injective ecosystem token airdrop:

    1. Deposit on Black Panther valuts
    2. Trade NFTs on Talis Protocol
    3. Deposit on Helix markets
    4. Farm on DojoSwap

    To deposit on Black Panther vaults, connect your wallet to https://trade.blackpanther.fi/vault. Choose a vault and deposit your $INJ. Then, stake your resulting LP tokens. By doing this you will accumulate Points. Afterwards, navigate to your staked Vault and select “Stake > Claim Rewards” to claim your rewards. Your Points will be used to unlock Black Panther’s $BLACK token when it is launched.

    To trade NFTs on Talis Protocol, go to https://talis.art/ and select Injective as your preferred chain. Then, bid on and flip some NFTs.

    Helix is a decentralized exchange and they are doing a continuous airdrop! Connect your wallet to https://helixapp.com/. Go to the “Rewards->LP rewards” tab. Select the TIA/USDT market and deposit some funds there. This will allow you to earn $TIA and $INJ rewards. Helix has just received 2 million $PYTH which will be distributed to early users! You can check your availability HERE

    DojoSwap is a decentralized finance platform on Injective. To participate in the DojoSwap airdrop, users need to set up a web3 wallet. Then, buy INJ tokens, transfer them to your wallet, connect it to DojoSwap. There, stake your INJ tokens, and farm rewards by staking the liquidity pool tokens on DojoSwap. This will generate $POINTs that can be redeemed for $DOJO tokens, as well as trading fees.

    Testnet interactions

    Testnet interactions are a good way to participate in the Injective ecosystem airdrop if you do not have any $INJ tokens or do not want to spend any money. So this will be a literal free airdrop! Here are some of the best protocols on the injective ecosystem that have incentivized testnet campaigns:

    1. Ninja Blaze
    2. Aeroscraper
    3. Hydro Protocol

    Before doing any testnet interactions however, you will need to get some testnet $INJ tokens. To get testnet $INJ tokens, connect your wallet to https://inj-testnet.nept.finance/ and go to the “Faucet” tab. Enter your Injective address and click “Submit”. You will receive your testnet $INJ after a few minutes.

    Ninja Blaze is a game in the Injective ecosystem. To participate, connect your wallet to https://testnet.blaze.ninja/ and create a free account. Then, go to the Ninja Blaze Galxe page and complete the missions to claim their $SHU tokens. Afterwards, you can play the games on Ninja Blaze. Currently they have 2 games available: Jackpot and Roshambo. Mint the Ninja Blaze NFTs or buy them at Talis Protocol.

    Aeroscraper is a decentralized lending and borrowing protocol. To interact with Aeroscraper, go to https://www.aeroscrapertest.tech and click “Launch app”. Select Injective as your chain and connect your wallet. On the “Trove” tab, deposit some testnet $INJ as collateral to borrow $AUSD. Then, deposit the $AUSD into the Stability Pool to earn rewards.

    Hydro Protocol ($HDRO) is the first and only native liquid staking protocol on the Injective Network. To receive the airdrop, users must stake their testnet $INJ tokens with Hydro Protocol and try the platform’s various features.

    Injective ecosystem airdrop review

    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: There are numerous protocols in the Injective ecosystem with new ones being added all the time. So there is always an ongoing airdrop!

    Airdropped token allocation: The Injective ecosystem airdrop allocation depends on the protocol.

    Airdrop difficulty: As there are multiple Injective ecosystem projects doing airdrops, the difficulty can vary. The most difficult would be staking on validators, but it could be as easy as playing games on the testnet.

    Token utility: The Injective $INJ token is used to govern key components of the Injective Chain including the futures protocol (such as new listings), exchange parameters, and protocol upgrades. The INJ token is used for governance and also distributed as rewards for those who build and help develop dapps in the Injective ecosystem.

    Token lockup: The Injective ecosystem airdropped token lockup depends on the protocol.

  • Elys Network ($ELYS, $EDEN) token airdrop guide: Incentivized testnet LIVE!

    Elys Network ($ELYS, $EDEN) token airdrop guide: Incentivized testnet LIVE!

    Elys Network is a blockchain platform that supports a decentralized suite of financial applications using nuclear fusion technology and Cosmos ecosystem. The project is at a VERY EARLY stage such that their testnet is still not even out yet. The Elys Network incentivized testnet, known as the Elys Network Odyssey is now LIVE, which means they WILL do a token airdrop! This is our Elys Network ($ELYS, $EDEN) token airdrop guide!

    Check out our Elys Network airdrop guide!

    https://youtube.com/live/NzyFhcyAJAU
    Elys Network Airdrop: Incentivized Testnet is LIVE!! (HUGE Rewards)

    What is Elys Network?

    Elys Network is a distributed ledger system that enables a variety of decentralized finance solutions powered by nuclear fusion and Cosmos network. Here are some of the main features of Elys Network

    • NextGen oracle-based Decentralized Perpetual Trading and Leverage Lending platform: Elys Network is a platform that allows users to trade and lend various assets with leverage, using oracles to provide reliable data feeds for the market prices and other parameters.
    • ETF style multi-asset Index Pools: Elys Network offers a feature that enables users to create and invest in diversified portfolios of assets, similar to exchange-traded funds (ETFs), which are designed to track the performance of a specific index or sector.
    • Highly Scalable, Interoperable and Secure with premier UX, high TPS and low Transaction Fees: Elys Network claims to have a high-performance, user-friendly, and secure blockchain network that can handle a large number of transactions per second (TPS) and interoperate with other blockchains, while charging low fees for the users.
    • Built in the Cosmos ecosystem: Elys Network is a part of the Cosmos network, which is a decentralized network of independent blockchains that can communicate with each other using a standard protocol called Inter-Blockchain Communication (IBC).

    What is the Elys Network ($ELYS, $EDEN) tokens?

    Elys Network will have 4 tokens in its ecosystem, ELYS, ELYS-LP, EDEN and EDEN-Boost. Here are some of the features of the Elys Network tokens:

    Here is a summary of the tokens and their uses based on the information on this page:

    • ELYS: The staking & governance token of ELYS Network. It has a low supply and rewards users who deploy it with inflationary and non-inflationary rewards. It may become deflationary over time as the ecosystem grows and burns ELYS.
    • ELYS-LP: The liquidity provider tokens that can be either Pool Tokens or Molecule Tokens. Pool Tokens are assigned to a specific AMM pool, while Molecule Tokens are assigned to a multi-asset index within a sector. Both types of tokens allow users to provide liquidity and earn rewards.
    • EDEN: The vesting ‘inflationary reward’ token that is earned by both stakers & liquidity providers. EDEN can be ‘committed’ to earn extra rewards and participate in governance.
    • EDEN-Boost: The multiplier token that is earned while ELYS is ‘staked’ or EDEN is ‘committed’. Its purpose is to reward long-term users and increase their rewards.

    What is the Elys Network Odyssey incentivized testnet?

    The Elys Network Odyssey incentivized testnet is a public testnet by Elys Network that is currently live. It is structured into 9 phases. We are currently in phase 3 and phase 4 is set to start in the week of 31st March 2024. This incentivized testnet aims to engage participants to complete various tasks such as swapping tokens, staking, and delegating to validators on the Elys Network platform. Participants will have the opportunity to earn testnet tokens and potentially collect NFT rewards for completing tasks in each phase. Once you have collected at least 5 NFTs, you can combine them into a gold NFT. This may be key to a potential airdrop at the end of the Elys Network Odyssey.

    Elys Network Odyssey testnet roadmap

    How to get the Elys Network token airdrop

    Time needed: 1 day

    Here’s how to get the Elys Network token airdrop

    1. Sign up at Elys Network

      Go to https://tally.so/r/mVQBev and complete the survey to sign up for the waitlist.

    2. Complete Zealy Questboard tasks

      Go to Elys Network’s Zealy Questboard. Tasks include social tasks such as joining and getting roles on their discord.

      Here are the answers to the Elys Network Zealy quizzes:
      A (Yes), B (proof of stake), A (validators), B (Voting), C (none of the above), C (Osmosis), A (Neutron), C (Stride), B (Stargaze), C (Akash), B (Mars), C (Elys Network), A (Yes), A (Inter-Blockchain Communication), B (February 18, 2021), B (Bridge assets), A (Using a smart-contract), A (Using a smart-contract), A (Yes), A (ELYS), B (EDEN), C (Reward and vesting token), B (No), B (A basket of assets), A (65% of non-inflationary revenue from the assets in the specific Molecule, paid in USDC + EDEN), A (Perpdex), A (LP leveraging), A (Yes), A (Yes).

      Fill in some information about yourself and your motivations to become a Cadet. Then, in a few sentences explain: (1) What type of project Elys Network is? (Blockchain? Application? Both?); (2) What is the native token and its role?; (3)
      What is the purpose of IBC?

    3. Sign up at Elys Network testnet and claim tokens.

      Sign up for the Elys Network testnet with your email or wallet at https://testnet.elys.network/. Click “Deposit” and “Claim testnet tokens” to claim 1 testnet $ELYS and 2 testnet $USDC tokens. You can repeat this claim every 24 hours.

    4. Swap $ELYS for $USDC or $ATOM

      Go to the “Swap” tab and swap $ELYS for $USDC or $ATOM. Make sure to save some $ELYS for gas fees. Note if it still does not work even after a few hours you can let the team know on their Discord channel. Do one of these transactions every day to maintain your streak.

    5. Stake $ELYS on ELYS Staking

      Go to the “Earn” tab and click “Simple staking”. Go for the ELYS Staking option by clicking “Manage”. Choose a validator you want to delegate your $ELYS tokens to. We chose the High Stakes validator because to our understanding, they have an incentive program where if you delegate any Cosmos IBC tokens to them they would give you extra yields. Note it may take 30 minutes for the transaction to be processed. Staking $ELYS on ELYS Staking gives you $EDEN and EDEN BOOST rewards.

    6. Stake USDC on USDC earn

      On the staking page, click “Manage” under the USDC Earn pool. Select the amount of USDC you wish to stake and click “Stake USDC”. You will earn rewards in $EDEN for this.

    7. Stake $EDEN on Commitment

      On the staking page, click “Manage” under the Commitment staking pool. Stake your $EDEN and multiply with EDEN BOOST for even more rewards.

    8. Check your progress on Elys Bonusblock

      Connect your wallet to https://elys.bonusblock.io?r=G9quTM2k and check your task progress. Note that some tasks may take a while to process so you may not see the check mark immediately.

    Sign up for Elys Network waitlist

    Elys Network airdrop review

    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: Elys Network have confirmed they will an incentivized testnet.

    Airdropped token allocation: The Elys Network airdrop allocation is unknown.

    Airdrop difficulty: The Elys Network incentivized testnet has not even been launched yet, so all you need to do is to sign up for the waitlist. However, they have Zealy quests to complete, and their quizzes require you to wait 1 hour to try again if you get the answer wrong. This makes Elys Network one of the most time-consuming and hardest airdrop tasks we have done.

    Token utility: The $ELYS and $EDEN token utility is unknown.

    Token lockup: There is no information on the $ELYS and $EDEN token lockup yet.

  • Axelar ($AXL) token airdrop guide

    Axelar ($AXL) token airdrop guide

    Axelar ($AXL) is a network on Cosmos that allows different blockchain systems to communicate with each other by sending messages and transferring assets securely through its validators and smart contracts. Being on the Cosmos ecosystem, there could be a potential for a Axelar ($AXL) token airdrop! Here is our Axelar ($AXL) token airdrop guide.

    Check out our step by step guide!

    https://www.youtube.com/watch?v=f5DmaWRPQxQ
    IG Airdrop Potential for Axelar ($AXL) Stakers 2024?!

    What is Axelar ($AXL)?

    Axelar is a blockchain network designed to facilitate cross-chain communication and transactions. Here are the main features of Axelar ($AXL):

    • Gateway Smart Contracts: Enable message passing across connected chains, controlled by a key shared among Axelar validators through multi-party cryptography.
    • Validators’ Roles: Validators not only produce blocks and validate transactions but also verify cross-chain activities by running nodes for supported chains and observing external chain activities.
    • Relayer Services: Optional services that anyone can perform without trust, crucial for initiating cross-chain communication like starting deposit confirmation votes.
    • Gas Receiver: A smart contract that accepts tokens to cover gas fees for executing cross-chain smart contract calls, part of Axelar’s relayer services.

    Axelar is gaining a lot of attention right now because it is attracting a lot of institutional attention. For example, Ripple is teaming up with Axelar for cross chain communication. They are also collaborating with Onyx by JP Morgan for cross-chain portfolio management.

    How to get the Axelar ($AXL) token airdrop?

    Time needed: 10 minutes

    Here’s a guide on how to get the potential Axelar ($AXL) token airdrop

    1. Buy Axelar ($AXL)

      Buy Axelar ($AXL) tokens – Start by purchasing Axelar tokens from a cryptocurrency exchange such as Bybit, BingX, Coinbase or Binance. Ensure you have the required number of tokens for staking and participation in the airdrop.

      Sign up for a Bybit account!

      Sign up for a BingX account!

    2. Set up Keplr wallet

      Set up a Keplr wallet or any other secure and compatible wallet that supports Axelar tokens. The Keplr wallet can be downloaded as a Chrome browser extension.

    3. Stake Axelar ($AXL) Tokens

      Connect to the Axelar chain on Keplr dashboard at https://wallet.keplr.app/chains/axelar to find a list of Axelar validators. Choose a validator to stake your Axelar ($AXL) tokens in order to participate in the Axelar network and qualify for potential airdrops. Note, do not stake your tokens with centralized exchanges. We staked our $AXL tokens with Cosmos Station and some other validators.

    4. Monitor Airdrop Announcements

      Monitor Airdrop Announcements – Stay updated on official announcements from Axelar regarding upcoming potential airdrops. Follow Axelar’s social media channels and website for the latest information.

    Axelar chain on Keplr dashboard
  • Self Chain ($SELF) token airdrop guide

    Self Chain ($SELF) token airdrop guide

    Self Chain is a blockchain designed to securely store encrypted backups and a master decryption key, aiming to improve crypto wallet security and user experience by replacing traditional private keys with distributed mathematical shares. They launched their incentivized testnet recently on 29th February 2024, and it will end on 15th March 2024. So, you need to hurry and complete the tasks if you want to qualify for any potential airdrop! Here is our Self Chain token airdrop guide.

    Check out our step-by-step Self Chain ($SELF) token airdrop guide

    https://youtube.com/live/c2WYuM6-O88
    Self Chain Incentivized Testnet Airdrop Guide (ACT NOW!)

    What is Self Chain?

    Self Chain pioneers as the initial modular, intent-centric Layer 1 blockchain, offering a keyless wallet infrastructure service powered by MPC-TSS/AA for multi-chain Web3 access. Here are its main features:

    • Modular Design: Self Chain is built with a modular intent-centric approach, allowing for flexible and customizable blockchain solutions.
    • Access Layer 1 Blockchain: It operates as a foundational blockchain layer, providing key infrastructure for multi-chain WEB3 access.
    • Keyless Wallet Service: The infrastructure includes a keyless wallet service, enhancing security and user convenience.
    • MPC-TSS/AA Technology: Utilizes Multi-Party Computation Threshold Signature Scheme/Algorithmic Autonomy (MPC-TSS/AA) for secure and decentralized operations.

    What is the Self Chain ($SELF) token?

    The $SELF token is the native token of Self Chain, and has the following uses:

    • Transaction Submission: Users and dApps use $SELF tokens to submit transactions for creating, mutating, and transferring digital assets or interacting with applications.
    • Staking & Governance: $SELF token holders can stake their tokens to validators and participate in Self Chain’s proof-of-stake mechanism and governance.
    • Validator Incentives: Validators manage transaction processing and are incentivized through the proof-of-stake mechanism, which rewards honest behavior.
    • Network Fees: Gas fees, paid in $SELF tokens, are charged for network operations to reward participants and protect against spam and attacks.

    According to Self Chain’s tokenomics, 19% of its total token supply are allocated towards ecosystem initiatives via grants and incentives. This could mean a token airdrop for supporters.

    How to get the Self Chain ($SELF) token airdrop

    Time needed: 10 minutes

    Here’s a guide on how to get the potential Self Chain ($SELF) token airdrop.

    1. Connect to Self Chain testnet

      Connect your Keplr or Leap wallet to the Self Chain incentivized testnet website HERE. Click “Complete the quest” and “Connect to Self Chain devnet”. Follow the remaining prompts on the bottom right hand corner to claim your testnet $SELF tokens.

    2. Claim testnet $SELF tokens

      Click “Complete the quest” and “Connect to Self Chain devnet”. Follow the remaining prompts on the bottom right hand corner to claim your testnet $SELF tokens. Note you can only claim testnet $SELF tokens once.

    3. Stake $SELF token

      Click “start” on the bottom right hand corner. Then, you will be taken to a separate page with a list of validators. Connect your Keplr or Leap wallet to the page. We suggest you stake on one Bonded, and one Unbonded validator, and in particular, choose the ones that offer APR. Select the validator, then scroll down and select the number of $SELF tokens you wish to stake and click “Delegate”. Approve the transaction in your wallet.

    4. Follow Self Chain on social media

      Next, you will be prompted to follow Self Chain on Twitter and Discord. Follow the steps to do this and verify once you have completed the task.

    5. Claim rewards

      Once you have finished the task you will be prompted to claim your 100 $SUPR as a reward. You will also be asked to mint the Uni Zorb NFT. Note this will be on the Arbitrum network and you will need to pay gas fees for the transaction.

    6. Follow Self Chain on social media

       Check the launch date of the testnet to ensure you’re within the airdrop timeframe. 3. Look for the criteria set by the validators for eligibility. 4. Ensure you have an active wallet with enough funds to qualify. 5. Participate in the staking task on the Self Chain testnet. 6. Verify your staking amount and delegate your tokens to a validator. 7. Check for any additional tasks or quests on the testnet platform. 8. Stay updated on announcements for airdrop allocation. 9. Complete any social media-related tasks for potential additional rewards. 10. Monitor your wallet balance and transaction history for a successful airdrop. Remember, participation and following the guidelines accurately are key to qualifying for the Self Chain token airdrop.

    7. Complete Galxe tasks

      Connect your wallet to https://galxe.com/selfchainxyz/campaign/GCLqYULs2B and complete the social tasks.

    8. Complete Guild tasks

      Connect your wallet to https://guild.xyz/selfchainxyz. Join the guild and complete the tasks.

  • Tabi Chain ($TABI) token airdrop guide

    Tabi Chain ($TABI) token airdrop guide

    Tabi Chain ($TABI) is a scalable, EVM-compatible blockchain built on Cosmos SDK and CometBFT consensus engine, offering fast finality and high transaction throughput for Ethereum ecosystem interoperability. They just launched the Tabi Chain Testnet, and there’s a strong chance early participants can qualify for airdrops. Their Galxe quest page just went live and the OAT is claimed on a first come first served basis. Here is our Tabi Chain ($TABI) token airdrop guide.

    Check out our step-by-step guide!

    https://youtube.com/live/vkbAtJxCQ1M

    What is Tabi Chain ($TABI)?

    Tabi Chain is creating a fresh gaming blockchain within the Cosmos ecosystem that works with existing systems and is easy for many people to use. Their aim is to set higher standards for how popular blockchain gaming can become. Here are Tabi Chain’s main features:

    • EVM Compatibility: Tabi Chain is fully compatible with the Ethereum Virtual Machine, allowing developers to use existing Ethereum tools and software.
    • Cosmos SDK & CometBFT: It’s built on the Cosmos SDK and uses CometBFT (a fork of Tendermint Core) for fast finality and high transaction throughput.
    • Sovereign Blockchain: As a Cosmos chain, Tabi Chain is an independent blockchain with its own native token and connects to other chains through IBC.
    • ABCI Application: Tabi Chain showcases the use of the Application Blockchain Interface (ABCI) to replace Ethereum’s PoW consensus with CometBFT’s engine.

    How to get the Tabi Chain ($TABI) token airdrop

    Here’s our guide on how to get the potential Tabi Chain ($TABI) token airdrop.

    1. Claim the OAT on the Tabi Chain Galxe page

      Connect your wallet to the Tabi Chain Galxe page and complete the tasks. Tasks include social tasks and requesting testnet $TABI tokens from the Tabi Chain faucet. Claim the OAT once you have completed the tasks. Note it is first come first serve so you need to act fast!

    2. Add Tabi Chain testnet network to wallet

      To see your testnet $TABI tokens, you will need to add the Tabi Chain testnet network to your wallet. To add the Tabi Chain testnet network to your wallet, go to the Tabi Chain testnet explorer, scroll down to the bottom of the page and click “Add Tabi testnet”.

    3. Complete Tabi Chain voyage

      Go to the Tabi Chain voyage page and complete the Sailor’s Quest, Invite Quest and Reddit Quest. These are mostly social tasks and to connect your Reddit account.

    4. Stay updated!

      Follow Tabi Chain on their social media channels to stay up to date with their latest news. The Tabi Chain testnet (phase 1) will be coming soon!

    Tabichain testnet phase 1
  • BloodLoop ($BLS) token airdrop guide

    BloodLoop ($BLS) token airdrop guide

    BloodLoop ($BLS) is a first hero-shooter game built on Avalanche that leverages the power of NFTs and DeFi economy. They will be launching a Play-to-Airdrop campaign in April 2024 where participants can play the game to earn $BLS tokens. There will also be an IDO (Initial DEX Offering) on Seedify in March 2024. Here is our BloodLoop ($BLS) token airdrop guide.

    Check out our step by step guide!

    https://youtube.com/live/5226uo2kjR4

    What is BloodLoop ($BLS)?

    BloodLoop is a 5v5 shooter game that immerses players within a dynamic third-person shooter experience. Here are its main features:

    • Game Overview: BloodLoop is the first 5v5 Hero-Shooter game built with web3 technology, designed as a bridge between web2 and web3.
    • Blockchain Integration: It uses a custom blockchain based on Avalanche Subnets to ensure a seamless user experience for both crypto-native and non-crypto users.
    • Gameplay Focus: The game emphasizes unique gameplay dynamics and team synergies, offering strategic 5v5 battles, all-on-all confrontations, and competitive matches.
    • Economic System: BloodLoop includes an economic system that allows players to earn real value for their time and skills through gameplay.

    BloodLoop is backed by Neo Tokyo Alex Becker, Ava Labs and Seedify. Both Ava Labs and Seedify will be hosting and conducting the private and public token sale and IDO.

    How to get the BloodLoop ($BLS) token airdrop?

    Time needed: 9 minutes

    Here’s a step by step guide on how to get the potential BloodLoop ($BLS) token airdrop.

    1. Register username

      Go to https://bloodloop.com/onboard?ref=numberfive and register for a BloodLoop username. Once you have entered your email and preferred name, you will need to come back in the next 7 days to claim your Daily Energy. This will allow you to unlock your Play-to-Airdrop pass. Registration will likely remain live until mid April 2024 when the game launches. Afterwards, you can also invite your friends to earn a share of the 200,000 $BLS promotional pool.

    2. Participate in the Play-to-Airdrop campaign

      Participate in the Play-to-Airdrop campaign. If you had minted a BloodLoop S.E.M. Capsule NFT earlier, you are already eligible to join the Play-to-Airdrop campaign. Those who didn’t mint the NFT can still join the campaign by purchasing a ticket each week on Sesame, using point entered by completing future quests.

    3. Complete quests on Sesame Labs

      Go to https://sesamelabs.xyz/bloodloop/?referrerCode=sFPIDsuUfAQ and complete the quests. These are social tasks and you will need to upload a screenshot showing you have completed the task for verification. You will earn Play-to-Airdrop credits for completing the tasks. All holders of at least one raffle ticket will have guaranteed access to the first Play 2 Airdrop playtest.

    4. Join playtest in mid-April 2024

      Wait for the game, aka playtest, to be released in mid-April 2024. Play the game, complete tasks, and have fun to earn BLS tokens.

    5. Optional: Stake S.E.M. capsule

      If you managed to mint or buy the BloodLoop S.E.M. Capsule NFTs, you can stake your S.E.M capsules to earn points that will be converted to $BLS tokens. You can stake your S.E.M. capsule at https://app.bloodloop.com/.

  • Holoworld ($HOLO) token airdrop guide

    Holoworld ($HOLO) token airdrop guide

    Holoworld ($HOLO) is a decentralized social platform built by Hologram Labs and allows uses to create their own virtual character using AI. They have recently been accepted into Binance Labs’ MVB Accelerator Program. Holoworld has also recently launched a reward program for early users, which could mean a potential airdrop. Here is our Holoworld ($HOLO) token airdrop guide.

    Check out our step by step guide!

    https://www.youtube.com/live/Kj_PGPyNq5U?si=Np1CIWpQLdddcxk_
    Holoworld AI ($HOLO) Potential Airdrop: Backed by Binance CONFIRMED

    What is Holoworld ($HOLO)?

    Holoworld is an innovative platform that allows users to:

    • Create Virtual Characters: Design your own characters, from their personality to their appearance.
    • Interact with AI: Engage with virtual characters using artificial intelligence.
    • Build a VTuber: Develop your own virtual YouTuber and share content across various platforms.
    • Accessible Platform: Use Holoworld on both desktop and mobile devices, with helpful guides for easy character creation.

    Holoworld is backed by investors such as Polychain Capital. Holoworld has also recently been accepted into Season 7 of Binance Labs MVB Accelerator Program, which is a 10-week accelerator program jointly run by BNB Chain, Binance Labs, and CMC Labs. At the end of the 10-week accelerator program, project teams will showcase and pitch their projects to investors at Binance Labs’ Demo Day. Binance Labs will then make an investment decision on selected top performing project teams. 

    Will there be a Holoworld ($HOLO) airdrop?

    Holoworld have not announced plans for a token YET. However, since they were accepted into Binance Labs’ MVB Accelerator Program and are backed by Polychain Capital, it is likely they will launch a token in order to ensure investors get a return on investment. Holoworld have also announced a reward program shortly after being accepted into Binance Labs’ MVB Accelerator Program, which also suggests they will do an airdrop.

    How to get a potential Holoworld ($HOLO) token airdrop?

    Here’s our guide on how to get a potential Holoworld ($HOLO) token airdrop

    1. Connect to Holoworld

      Connect to the Holoworld website HERE.

    2. Create username

      Create a username for your account that is branded nicely to attract other users.

    3. Create AI avatar

      Set up your profile by creating your AI avatar. Start by creating the brain of your character There is an option to connect your Twitter account. However, we have been experiencing problems with this which may be an API issue. So, for now just complete the questionnaire where they will ask you questions about your AI avatar. Then, customize your character’s appearance, including selecting a voice and describing the character. Preview your character and interact with it through chat. Finally, save your character and remember to set it to public for others to interact with.

    4. Participate in reward program

      Head to the ‘Earn’ section on the website to participate in the reward program. Complete novice and daily quests to earn crystals. Daily tasks include checking in and chatting with characters to earn more crystals. There are also weekly tasks, including having valid conversations with Web3 characters like Arthur Hayes and Mozzy etc.

    5. Claim rewards

      Claim rewards such as the standard pass in the special area and share your referral link to earn more crystals. 12. Use crystals to vote for your favorite character and participate in the prize pool. 13. Keep an eye on the utility of crystals for future updates on their use within the platform. 14. Utilize your referral link to invite friends to join and earn extra crystals when your AI bot is used.

    6. Vote for your favourite character

      Vote for your favourite character and participate in the prize pool. Not you will need to use crystals for voting.

    7. Refer friends!

      Utilize your referral link to invite friends to join and earn extra crystals when your AI bot is used.

  • MON Protocol ($MON) token airdrop guide

    MON Protocol ($MON) token airdrop guide

    MON Protocol allows users to bring their favourite games and characters on chain. MON Protocol have confirmed they will be airdropping 30% of their total $MON token supply to quest participants. With notable backers such as Animoca Brands and Merit Circle, MON Protocol has the potential to be as massive as Pixels ($PIXEL)! Here is our MON Protocol ($MON) token airdrop guide.

    Check out our step-by-step guide!

    https://youtube.com/live/jDJ85cDy6HM

    What is MON Protocol?

    MON Protocol aims to be the future of IP governance. In particular, their goal is to bring games and gaming characters on-chain. The project will be launching later this year in partnership with Pixelmon. MON Protocol has a strong lineup of backers including Animoca Ventures, Delphi Ventures, Spartan, Merit Cricle and many others. As a result, many consider MON Protocol to have the potential to be as massive as Pixels ($PIXEL).

    What is the MON Protocol ($MON) token?

    The $MON token is the native token of MON Protocol. It will be issued as an ERC-20 token and at TGE, 1 billion $MON will be created. The $MON token will have the following uses:

    • $MON will be used as the preferred gaming currency for all Pixelmon games, as well as in-game player and tournament rewards;
    • Fractionized IP for licensing flows;
    • Airdrop and mission rewards;
    • IP and ecosystem fund governance;
    • launching blockchain native IPs; and
    • creator grants.
    MON Protocol $MON token uses

    Will MON Protocol do a $MON token airdrop?

    MON Protocol have essentially confirmed they will do a token airdrop in their tokenomics. The team have confirmed they will be allocating 30% of their total token supply towards their Community Claim program. In MON Protocol’s Community Claim program, 5% of the total $MON token supply will be claimable at their TGE by members of the Pixelmon Community. The airdrop mechanics will be calculated based on NFT rarity, badges, and relics obtained in their Party Quests. The remaining 25% of the total $MON supply will be vested over a 30-month period with an initial cliff decided by the MON Protocol team. The vesting will be non-linear and adjusted by the team over time.

    How to get the MON Protocol ($MON) token airdrop?

    Time needed: 20 minutes

    Here’s how to get the MON Protocol ($MON) token airdrop.

    1. Connect to MON Missions

      Connect your Twitter account to https://app.monprotocol.ai/questing. You will earn 200 points for doing this. Then, enter our referral code RonBoxmining for an extra 200 points!

    2. Complete daily spin

      Click “SPIN” every day and stand a chance to earn more points!

    3. Complete missions

      Complete the tasks such as interacting with the specified posts and linking your EVM wallet within the given time. Make sure to complete any daily tasks for additional points. You can earn 12,000 points for completing these missions.

    4. Invite users to join MON Protocol

      Share your referral link with others to earn more points.

  • tea Protocol ($TEA) token airdrop guide

    tea Protocol ($TEA) token airdrop guide

    tea Protocol ($TEA) is a decentralized protocol that rewards people who create and maintain open-source software. It helps make sure that these developers get recognized for their hard work, and it keeps the software world reliable and secure. In our previous video, we’ve reminded you to sign up for the waitlist. Now the incentivized testnet has just launched and you can now start completing tasks. More importantly, they have confirmed they will do an airdrop when its mainnet and $TEA token launches on 12th June 2024! Here is our tea Protocol ($TEA) token airdrop guide.

    Check out our step-by-step guide!

    https://www.youtube.com/watch?v=71MPf2VGQ3E

    What is Tea ($TEA)?

    • tea is a decentralized protocol that aims to reward open-source developers for their contributions to the software supply chain.
    • tea uses a Proof of Contribution algorithm to measure the impact and value of each open-source project and distribute TEA tokens accordingly.
    • tea also incorporates a reputation system and a staking and slashing mechanism to ensure the quality and security of the open-source software and prevent malicious attacks.
    • tea enables package maintainers, users, supporters, and tasters to participate in the protocol and benefit from the open-source economy.
    • tea is governed by a decentralized autonomous organization (DAO) that allows active contributors to propose and vote on protocol parameters and features.

    What is the Tea ($TEA) token?

    Here are the main features of the tea Protocol ($TEA) token:

    • A cryptographic token for the tea Protocol: The TEA token serves as the access key to certain parts and features of the tea Protocol, a decentralized system for rewarding and securing open-source software.
    • A medium of exchange and reward: The TEA token can be used to contribute to the security of the software supply chain by challenging and reviewing packages, to reward the open-source developers of registered projects, and to participate in the governance of the tea Protocol.
    • A staking mechanism: The TEA token can be staked by package maintainers, supporters, and tea tasters to demonstrate their commitment and reputation, as well as to influence the distribution of rewards and penalties within the protocol.
    • A fixed supply token: $TEA has a maximum supply of 10 billion, which will be distributed across various stakeholders according to a predefined schedule. The token distribution and emission will be the subject of a dedicated technical paper.

    Will there be a tea ($TEA) token airdrop?

    tea have already announced the details of their tea ($TEA) token airdrop. tea have confirmed they will be an airdrop and that the points you earn by doing the incentivized testnet tasks will be converted to the airdrop. Also, their mainnet and $TEA token will launch on 12th June 2024. So, it is expected that participants will get their airdropped $TEA tokens then. As a general tea testnet participant you can get a maximum of around 1,000 points for doing tasks. But you can get a lot more if you complete the tasks that requires you to be a top developer on their protocol.

    How to get the tea Protocol ($TEA) token airdrop?

    Here’s how to get the tea ($TEA) token airdrop.

    1. Sign up on tea

      Go to https://app.tea.xyz/sign-up. Sign up with your email or Discord, and connect your Github account.

    2. Complete profile

      Click on your profile and navigate to the “Settings” section. Add your email address and complete the required information such as giving them a bit of information about yourself. You will earn points for doing this. We recommend you do this ASAP as there is a limited time 5x point boost for completing this.

    3. Check task status on dashboard

      Go to the tea Testnet dashboard by clicking the second button on your left. Here, you will see a lists of the quests to be completed.

    4. Get Discord roles

      Join the tea Protocol Discord. Earn XP points from posting and completing activities such as social engagement and answering questions. XP Points will be awarded every Monday for the previous week. You can earn roles after getting more than a certain number of XP Points.

    5. Optional: Get a top 10% rated project on tea Protocol.

      If you are a developer, register your open-source project on tea Protocol by going to “my OSS projects” and clicking “Register a New OSS Project”. Make sure your project has contributors and dependencies, as these are essential for eligibility. If your project earns a teaRank in the top 10% you can get 25,000 points!!

    tea Protocol testnet dashboard
  • Bitcoin Price Drops because of Chinese New Year? 2024 CNY dump cancelled?

    Bitcoin Price Drops because of Chinese New Year? 2024 CNY dump cancelled?

    Chinese New Year (Lunar New Year) has a strong influence on cryptocurrency prices, with Bitcoin prices decreasing in the months leading up to the New Year. This article examines the trend and the possible reasons why it happens. Chinese New Year is celebrated on a different day each year as it is based on the Lunar Calendar.

    This year, Chinese New Year will begin on 10 February and end on 13 February. During this time many Chinese Over-the-Counter (OTC) services will be closed – leading to high crypto volatility.

    [wp-compear id=”5203″]

    *Data based on Bitcoin Prices on CoinGecko. Pre-CNY Highs taken as average candle price up to 7 days before the New Year.

    This period is a public holiday in China, as many employees make the annual trip back to their hometowns to celebrate with their families. With a population of 1.386 billion, this represents the largest short-term migration in the world. During this time, I also came across some fascinating information about the best Plinko gambling sites, which offer unique and engaging gaming experiences for enthusiasts. All factories in China close during this period, with operations frozen for up to 2 weeks as logistics companies and suppliers slowly open up. Chinese New Year is also celebrated in other Asian countries such as Hong Kong, Singapore, and Korea (Korean New Year). China will also be rolling out a feature allowing people to send red packets containing its digital currency eCNY/DCEP. However, it’s important to note that during this time cryptocurrency exchanges will still operate and facilitate trading around the clock.

    Start trading with ByBit

    Chinese New Year Dump in 2019, 2020, 2021, 2022 and 2023?

    Bitcoin prices would almost always drop in the weeks leading up to Chinese New Year.

    For example, in 2019, Bitcoin prices dropped steadily from $3,491 right before the Chinese New Year to lows of $3,397 during the holiday.

    In 2020, prices fell below the USD$8.3k resistance before Chinese New Year. There was a recovery back to USD$8.5k on the first day of the holidays. However, history cannot help but repeat itself, and within the same day plummeted back below USD$8.3k. Prices then remained stagnant and only made a marked recovery on the last day of the holidays.

    In 2021, the tides seemed to have turned with a gradual increase from $32k to $39k in the first week of February, and a huge 2-day rally up to $48k in the few days leading up to the festival. However, during Chinese New Year, prices still began retracing to $46.2k. Fortunately, this did not wipe out the pre-Chinese New Year rally.

    2021 Chinese New Year Bitcoin prices
    2021 Chinese New Year Bitcoin prices (Source: CoinGecko)

    In 2022, prices took a sharp nosedive to sub USD$37 levels just before the holidays. Bitcoin prices then rose sharply towards a peak of over USD$39k midway through the Chinese New Year holidays. However, this euphoria was short-lived, and prices took a steep tumble to USD$36.5k on the last day of the Chinese New Year holidays. Essentially undoing the initial price rally a few days prior.

    2022 Chinese New Year Bitcoin prices
    2022 Chinese New Year Bitcoin prices (Source: CoinGecko)

    In 2023, prices pumped 1 day before the new year, ringing in a high of US$23,282.40 on the 1st day of Chinese New Year. Prices fluctuated between the US$22,500 and US$23,000 range during the duration of the holidays. However, ultimately closing at US$22,437.68.

    2022 Chinese New Year Bitcoin prices

    Why do Bitcoin prices dump during Chinese New Year?

    Decrease in Trading Volume?

    Data compiled by CoinDesk Research shows the trading volumes on Binance, Huobi, and OKEx –the most popular cryptocurrency exchanges catering to Chinese customers – were down during the Chinese New Year period. A decrease in trading volume can also be seen during October each year when Golden Week (a 1-week celebration for National Day) in China takes place.

    When large numbers of highly leveraged traders all bet on Bitcoin prices moving one way it creates an opportunity for other large investors (whales) to move prices in the other direction. Doing so triggers a cascade of liquidations, sending Bitcoin’s price into free fall and creating huge paper losses for leveraged long traders. The whales are then free to “buy the dip” at the expense of “rekt” traders.

    Market Makers on Holiday

    It is no secret that market makers and trading bots operate in the Cryptocurrency market – in fact, they are responsible for a portion of the market volume. Market makers located in China and other Asian countries will shut down operations for 3-5 days due to public holidays. Even though market making can be automated by trading bots and algorithms, it still requires humans to watch over the daily operation to make sure the is no malfunction.

    During the Chinese New Year, market-making operations will be limited in capacity. This leads to more volatile and less liquid markets.

    Cashing out for the New Year

    Giving Red Packets filled with cash is a tradition

    One of the possible reasons for the dip in Bitcoin prices is that people are “Cashing out” for the holidays. This is especially true in China because, during the festival, lucky packets packed with cash are traditionally given out to children and the elderly. These “red packets” are meant to symbolise luck and prosperity and is the only time when giving cash is not taboo in China.

    Tradition dictates that married couples should give out red packets to young unmarried children, elderly and service personnel. Company Executives and managers should also give money to their subordinates – with some packets being filled to as much as the employee’s monthly wage.

    Due to the huge amount of cash money required, some suspect that this tradition is responsible for the increase in Bitcoin Sell orders before Chinese New Year.

    Chinese OTC Volume Drops

    Bitcoin is traded in China via Over the Counter (OTC) desks. These OTC desks match orders from buyers and sellers and can offer escrow services. Top desks include Binance OTC and Huobi OTC.

    Chinese New Year 2024 Bitcoin price predictions?

    This year, Chinese analysts are already looking into the future and are optimistic for Bitcoin prices in the month after the Chinese New Year. They note that Bitcoin prices have generally gone up in the month after Chinese New Year. For example, in 2023, Bitcoin prices went up by 11.15% in the month after the new year, 13.9% increase in 2022, and 30.18%(!!) increase in 2021.

    Prices have already been on the rise since 23rd January 2024 where prices were a at a low of US$38,678.18. Prices have been skyrocketing since 7th February 2024, and have crossed the US$46,000 on 9th February 2024! This was already predicted by some analysts on Weibo, saying that prices will not dip, and to welcome the bull market during Chinese New Year.

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    Frequently asked questions (FAQs)

    What is the Chinese New Year Bitcoin dump?

    Crypto analysts have found that Bitcoin prices would almost always drop in the weeks leading up to the Chinese New Year. Hence in the weeks before and during the “Chinese New Year Dump”, traders expect huge volatility in crypto prices.

    Why is there a Chinese New Year Bitcoin dump?

    Chinese New Year marks the longest extended holiday in China. This period marks the world’s largest short-term migration as people return to their hometowns to visit family. People also cash out to send money back to their families and gift children “red packets”. Therefore, crypto prices dump during Chinese New Year as there is lower trading volume when everyone has “cashed out” their crypto or is busy celebrating.

    When is Chinese New Year in 2024?

    This year, Chinese New Year will begin on 10 February and end on 13 February.