ionicXBT
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34) This is the next 5 figure AIRDROP.
🕑 Added 2023-05-30 14:00:59 +0000 UTCAirdrops can be a great way to increase your trading capital with very LITTLE cost and risk involved. All it takes is a little time, patience, and organization.
I'm sure you know that already.
So I'm going to share with you one of the BIGGEST potential future airdrops.
This is one of the major upcoming airdrops, funded by MANY reputable global enterprises such as PAYPAL.
This project already has a pre-valuation of 3 BILLION dollars.
This is HUGE.
So let's get straight into it.
The project is called LAYER ZERO.
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Let me tell you about which PROBLEM they are solving.
Blockchain technology has a challenge known as INTEROPERABILITY.
This is like having different financial systems that DON'Teasily connect with each other.
Imagine you have money in one bank, but you can't easily send it to someone who uses a different bank.
Similarly, in the blockchain world, different blockchains often operate independently.
This makes it DIFFICULT to transfer money seamlessly between them.
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This lack of interoperability LIMITS your options for moving your funds across different blockchain networks.
To solve this problem, developers are working on layer zero solutions.
These solutions aim to create software that acts as a UNIVERSAL connector, enabling smooth communication and transfers of money between DIFFERENT blockchains.
It's like having a bridge that allows you to send money from one bank to another without any hassle.
By achieving better interoperability, these layer zero solutions will empower you to access a wider range of blockchain networks and seamlessly transfer your funds across them.
Absolutely amazing.
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The Layer Zero team has raised from TOP VC funds, including:
- Sequoia Capital,
- a16z,
- Binance Labs,
- Coinbase,
- Tiger Global,
More funding provides the capacity to carry out a BIGGER airdrop.
For comparison, the Arbitrum team raised $123 million and its airdrop was one of the BIGGEST in history.
Whilst the Layer Zero team has raised over $263 million.
To sum up, I think we can expect a JUICY airdrop from Layer Zero.
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How to Receive the Potential LayerZero Token Airdrop?
There is no defined list of tasks that you need to perform to qualify.
But if we refer to previous airdrops of other projects, we know that what counts the most is the NUMBER of interactions with the ecosystem.
So what can you do to maximize your chances?
1) Use Stargate Finance.
Stargate is the core dApp on Layer Zero so it makes sense to use it:
- Bridge assets on Stargate’s transfer page
- Provide liquidity to pools on Stargate
- Stake the STG token on Stargate’s staking page
To stake STG, you need to acquire it on a centralized exchange, such as Binance, KuCoin, Kraken, Bitfinex, Gate.io.
By staking STG on Stargate, you earn voting rights for Stargate Finance, so use them to regularly vote on proposals.
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2) Bridge funds using other bridges.
To "bridge" in this context means to transfer or move funds from one blockchain network to another.
Using Layer Zero's solution, you can bridge funds using different bridges that are part of their ecosystem.
Here are some examples:
This bridge allows you to transfer tokens from an EVM-compatible blockchain to the Aptos network.
This is a good way for people on a budget to interact with the LayerZero ecosystem.
Doing 20 transactions on BitcoinBridge will only cost around US$15!
Here’s how to use BitcoinBridge:
- Buy BTC.b on Trader Joe here.
- Connect your EVM and Aptos wallets here.
- Bridge assets between different networks.
The Harmony Bridge enables you to bridge assets from Ethereum or Binance Smart Chain (BNB) to the Harmony blockchain. It allows for the transfer of tokens between these different blockchain networks.
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3) Interact with other dApps on Layer Zero
In this context, "interact" refers to actively participating in the functionalities provided by these dApps, such as trading, swapping, lending, borrowing, and transferring assets.
Many apps use Layer Zero.
Some of the main ones are SushiSwap, Tapioca, Rage Trade, Hashflow, and Radiant Capital.
For example, you can make cross-chain swaps on SushiSwap which leverages Layer Zero’s omnichain messaging protocol.
RageTrade is a yield and perpetual protocol built on Arbitrum and Layer Zero. You can trade on Rage Trade or deposit into its vaults.
Tapioca is a lending and borrowing protocol based on Layer Zero. You can also use it to transfer assets across 3 different chains.
Hashflow is a multi-chain decentralized trading protocol that uses Layer Zero’s message-passing system for cross-chain transactions.
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Now this is what you need to understand:
Interact with protocols using Layer Zero’s solutions on a regular basis over a longer period.
The most important aspect of airdrops is to show real interest in the ecosystem by using it repeatedly.
Most people will complete a few transactions and then FORGET about it.
Set time apart for airdrop-related activities.
You do NOT need to do transactions on a daily basis.
However, if you don’t decide on a specific time of the month to farm the airdrop, you’ll most likely forget.
The most expensive aspect of airdrop farming is transaction fees.
When bridging funds on Layer Zero, use low-fee networks such as Polygon, Avalanche, Arbitrum, BNB Smart Chain, or Optimism (basically, steer clear of Ethereum).
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I chose LAYER ZERO as:
The higher the pre valuation the more valuable the airdrops will be.
This pre-valuation is one of the highest out there.
So many people waste their time on airdrops that are only worth $50, because the pre valuation are so low.
Don't waste your time.
Airdrops that are EASY will not be worth much, as everyone will do it.
You can see LAYER ZERO has quite some work.
This means many people WON'T do it, which is exactly what we want.
As the rewards should be nothing less than $40k.
@ionicXBT
Comments
Yes
Is this still Valid ? Can I do it today, please update. Thanks!
A bit complicated. I used to try with matic once but not work. Maybe needed doing more...
