10.28-11.01 Hot Airdrops Overview

11/1/2024, 8:05:26 AM
This week’s highlights from Gate Research cover the top projects: cross-chain liquidity staking protocol Drop, BTCFi-based trading chain Taker Protocol, governance token Salad by WEEX, liquidity protocol Mitosis in a modular blockchain ecosystem, and the decentralized public network Nillion. This article presents each project's core features, funding updates, airdrop distributions, and participation steps, aiming to provide users with the latest insights into the crypto market and help capture potential opportunities.

Summary

Gate Research has reviewed popular blockchain projects from October 28 to November 1 that show high potential for future airdrops within the next year, supported by reputable investors. This overview provides details on each project, current airdrop activities, and how to participate.

Airdrop Projects

Drop

Drop is a cross-chain liquidity staking protocol that completed a $4 million seed funding round on October 17 this year and launched its testnet on October 23. In collaboration with Celestia, the testnet introduced Interchain Accounts to enhance the security of liquidity staking[1].

How to Participate:

1.Join Celestia’s Discord Channel

  • Visit: Celestia Discord.
  • In the #mocha-faucet channel, claim faucet tokens.

2.Request Faucet Tokens

  • Use the command: $request [your Celestia address], replacing the brackets with your Celestia address.

3.Access the Testnet

  • Go to the Drop testnet.
  • Connect your Keplr wallet and switch to the test network.

4.Stake or Unstake

  • Perform staking or unstaking operations with TIA on the testnet.

5.Submit Testnet Feedback Form

  • Complete and submit feedback on your testnet experience.

Taker Protocol

Taker Protocol is a BTCFi-based trading chain supporting high-liquidity trading for on-chain BTC and its derivative assets. Built on the Polkadot substrate architecture, it incorporates NPOS and POL consensus mechanisms. The project has raised $3 million in funding from prominent backers such as Dragonfly Capital, Electric Capital, and DCG. According to the official white paper, approximately 51% of tokens are planned for distribution to the community through airdrops, minting activities, staking rewards, and block rewards[2].

How to Participate:

1.Claim Test Tokens on Sonic Testnet

  • Receive test tokens,including Taker, USDC, USDT, and solvBTC.

2.Cross-Chain Transfer via Taker Bridge

  • Use BTC test tokens to transfer assets to the Taker testnet using the Taker Bridge.

3.Swap Interaction

  • On the Swap page, exchange USDC for Taker tokens.

4.Add Liquidity

  • Deposit USDC and Taker into the liquidity pool to provide liquidity.

Salad

Salad (SALD) is the 21st WE-Launch project from crypto trading platform WEEX. It aims to redefine Web3 engagement through its X-2-Earn ecosystem, which integrates gaming, education, and work to foster economic growth. Supported by prominent investors such as Multicoin, Foundation Capital, and Polygon, SALD serves as a governance token, enabling holders to participate in project decisions[3].

How to Participate:

1.Deposit Requirement

  • Users must deposit at least 1,000 WXT by November 2, 15:00 UTC+8.

2.Token Pool Distribution

  • Eligible participants will share a pool of 5,258,545 SALD tokens based on their proportional deposits.

3.Multi-Project Participation

  • Deposited WXT can simultaneously participate in multiple projects.

4.No Locking or Staking Requirements

  • There are no locking or staking requirements for participation.

5.SALD Spot Trading

  • SALD spot trading will launch on November 2 at 16:00 UTC+8.

Mitosis

Mitosis is a liquidity protocol focused on modular blockchain ecosystems designed to transform the cross-chain liquidity provision (LP) experience. By issuing derivative tokens equivalent in value to locked assets, Mitosis allows LPs to engage in diverse DeFi applications on Ethereum Layer 1 and Layer 2 Rollups while retaining control over their original assets. This approach enhances cross-chain liquidity flexibility and offers LPs additional yield, significantly boosting the utilization and appeal of cross-chain assets. Mitosis completed a $7 million funding round in May[4].

How to Participate:

1.Deposit $weETH on Scroll

  • Deposit $weETH on the Scroll network to start earning marks.

2.Withdraw and Bridge $ETH to ARB

  • Withdraw $ETH to the ARB network, then use the Owlto cross-chain tool to transfer $ETH to the Blast network.

3.Mint and Bridge $weETH

  • On the EtherFi platform, mint $weETH and bridge it back to the Scroll network using Owlto.

4.Deposit $weETH on Mitosis

  • Complete the $weETH deposit on Mitosis.

5.Connect Twitter and Discord

  • Visit the console to link your Twitter and Discord accounts and claim unlocked airdrop points.

Nillion

Nillion is a decentralized public network to build next-generation Web3 infrastructure using its innovative Nil Message Compute encryption technology. Since 2022, the project has raised over $50 million, including a recent $25 million round led by Hack VC, indicating substantial growth potential[5].

How to Participate:

1.Visit the Official Website

  • Connect both your Keplr and MetaMask wallets on the Nillion website.

2.Complete Personal Information

  • Click on “Secrets” and fill in your personal details.

3.Add Nillion Wallet in Keplr

  • Manage chain visibility in Keplr and add the Nillion wallet address.

4.Stake ETH

  • Click on “Stake ETH” to stake at least 0.05 ETH.

5.Complete Node Interactions

  • Go to the “Verifier” page, select your host system, and complete node interaction tasks.

Reminder

Airdrop plans and participation methods may be updated at any time. Users are advised to follow the official channels of these projects to get the latest information. Additionally, users should exercise caution, be aware of potential risks, and conduct thorough research before participating. Please note that Gate.io does not guarantee the distribution of future airdrop rewards.


Reference:

  1. Drop.money, https://testnet.drop.money/stake
  2. Taker,https://www.taker.xyz/
  3. WEEX,https://www.weex.com/zh-CN/we-launch
  4. Mitosis,https://mitosis.org/
  5. Nillion,https://x.com/nillionnetwork/status/1851615323163689421



Gate Research
Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click the Link to learn more

Disclaimer
Investing in the cryptocurrency market involves high risk, and it is recommended that users conduct independent research and fully understand the nature of the assets and products they purchase before making any investment decisions. Gate.io is not responsible for any losses or damages caused by such investment decisions.

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