crypto strategy

Top 3 upcoming airdrops in the crypto ecosystem

Airdrops are one of the most successful and tested strategies used by blockchain networks to reach a wider audience. Airdrops are crypto rewards given to early entrants in an ecosystem to incentivize them to use the network more and spread the word to other potential investors. Some of the valuable airdrops from the past include Ethereum Naming System (ENS), Uniswap (UNI), Stellar (XLM), dYdX (DYDX), etc. All early adopters of these ecosystems were generously rewarded ($1,000 on average in case of ENS). ) only to use their products or services. In general, blockchain explorers are always rewarded in some way through Airdrops. In today’s article, let’s take a look at the 5 potential airdrops in the crypto ecosystem aggregated by crypto expert Miles Deutscher.

Layer zero

Layer zero is an omnichain interoperability protocol that allows cross-chain applications to be realized with a low-level communication primitive. Simply put, it is a new dimension of crypto bridging with the aim of connecting all EVM chains and unifying liquidity pools. You can check the detailed steps to qualify for airdrop here.

zkSync

zkSync is a ZK rollup, a trustless protocol that uses cryptographic proofs to provide scalable and cheap transactions on Ethereum. In zkSync, the computation is done off-chain and most of the data is also stored off-chain. As all transactions are proven on the Ethereum mainchain, users enjoy the same level of security as in Ethereum. zkSync 2.0 is designed to look like Ethereum, but with lower fees.

The best chance of getting the zkSync airdrop is to interact with their testnet. Before testing, you must add the RPC configuration. The best way to do this is to go to chainlist.org, connect a noncustodial wallet, search for zkSync, and add it manually. Post where there are many protocols to try. One can go to wallet.zksync.io and spend funds. Or, there is a DEX order book called a zigzag swap that trades can be executed with. There is also an NFT platform called Pinata through which you can create NFTs and an ArgentHQ wallet service to invest funds.

Starknet ecosystem

StarkNet is a type of Ethereum scaling solution known as ZK rollup. ZK accumulations can extend to millions or even billions of people. Money X is the most popular and only open source wallet for StarkNet.

  • 10kSwap: An AMM moving forward with Ethereum, deployed on StarkNet Mainnet with open source contracts written in Cairo. One can log in and do swaps/add liquidity similar to Uniswap. There is a possibility of an airdrop in the future.
  • Australia: A token distribution platform that allows projects to be launched on the platform to find the most relevant users for their use, also users can monetize their reputation. The protocol is still on Testnet, so one can go ahead and mint the ASTR token. After which, the liquidity can be added to protocols such as alpharoad finance and participation ASTR tokens.
  • Silver: A decentralized self-custody wallet on Starknet, this is on zkSync & Starknet. The strategy is to be an active user and use the exchange function. Possibility of parachuting.
  • RabbitX: A Perp DEX order book that charges 0 fees for trades. There is no token yet and the testnet protocol will be live soon. Airdrop has been confirmed.

While there are no promises made by most protocols, the best way to look at airdrops is from a learning perspective. For example, many Ethereum Naming Service (ENS) users have airdropped thousands of dollars simply because they find it fun and useful. So the idea is to explore the web3 ecosystem, find projects you find interesting and start interacting with them.

We launched Cryptogram, a free weekly India-focused newsletter on blockchain technology, global crypto markets and web 3.0 technologies that promise to change our future. If you wish to subscribe to this newsletter, Click here. You can read our previous editions here. Also see our website here.

Use promotional code TNM51 on www.giottus.com/profile#promo after registration to get Rs.51 worth free bitcoin.

Disclaimer: This article was written by Giottos Crypto Exchange as part of a paid partnership with The News Minute. Investments in crypto-assets or cryptocurrency are subject to market risks such as volatility and have no guaranteed return. Please do your own research before investing and seek independent legal/financial advice if you are unsure about investments.

.

#Top #upcoming #airdrops #crypto #ecosystem #crypto strategy

Related Articles

Back to top button