Ethereum has the potential to transform the internet, but high gas prices and slow transaction speeds put consumers and developers at a disadvantage. In the long term, Ethereum’s position as a Web3 foundation is threatened. Many attempts have been made to improve the scalability of Ethereum, especially using layer 2 chains. StarkNet is one such initiative created by StarkWare.
Starknet Airdrop – Early Joining Tips
Layer 2 has been in the spotlight lately with a massive Arbitrum airdrop. Users are becoming suspicious of other Layer 2 initiatives, especially StarkNet’s airdrop feature. In this article you will find the best approach to qualify for the next StarkNet airdrop. This is a potential zk rollup based Layer 2 network on Ethereum. This step-by-step guide will walk you through the apps and bridges that will help you gain the most STRK tokens when the airdrop goes live.
About Starknet
StarkNet is an Ethereum Layer 2 solution in the form of a ZK rollup. Because StarkNet relies on the STARK system (a technological development of StarkWare), any dApp can run, function, and scale infinitely without compromising Ethereum’s ability to aggregate and secure. The project contracts and operating system are developed in Cairo, a programming language that allows the deployment and scalability of dApps or smart contracts independent of business logic.
This is a project that has raised hundreds of millions of dollars through a funding round and is valued at $8 billion. There are several factors to consider when analyzing airdrops. Firstly, consider the chance that the project will ever conduct an airdrop in the first place. Next, it is important to examine the project’s token allocation for airdrop campaigns and the difficulty of participating in airdrops. It is also important to consider the utility of the token so that participating in airdrops has real utility and purpose. Finally, when evaluating airdrops, we check to see if the airdrop token is subject to a lockup period.
Airdrop Probability: The Starknet Foundation is actively developing token distribution method to indicate airdrop potential.
Token Allocation: There are 10 billion of STRK tokens in circulation, of which 17% will go to investors, 32.9% to major contributors and 50.1% to the StarkNet Foundation.
Airdrop Difficulty: Mainnet is starting. This means that the snapshot window is ending. However, there are also reports that he will be snapshotted a second time after the mainnet launch, so make the most of the mainnet.
Token Utility: STRK tokens have three main functions. Staking for participating in StarkNet’s consensus process, governance and voting, and payment of transaction fees.
Token Lockup: Tokens distributed to shareholders, employees and independent software developers are locked for four years.
How to Participate in the Airdrop
An Ethereum address is required to be eligible for the StarkNet airdrop. Then use the MetaMask or TrustWallet program on your PC or mobile device to connect to various apps on your network. To obtain the maximum number of STRK tokens, you must complete the steps outlined below. We expect interactions with all of these apps to cost around $100-$200 depending on gas costs to purchase the maximum number of airdrop tokens that could exceed $10,000.
Use Argent X Wallet
MetaMask currently does not support Alpha Mainnet, so it is not possible to interact with the StarkNet Layer 2 network. The Argent X wallet is the only way to access StarkNet. Argent X is StarkNet’s first wallet and is widely used as a primary ecosystem wallet with over 400,000 users. It is backed by renowned investors such as Paragim, Index Ventures and StarkWare Labs. The Argent X browser extension is available for Google Chrome and Mozilla Firefox. Argent X can then be used to send and receive payments, search for new NFTs, and exchange.
Bridge to StarkNet
One of the first expected entry conditions for the StarkNet airdrop is a bridge from the Ethereum mainnet to the network. For this, we recommend using StarkGate, the official bridge designed and deployed by the StarkWare team. Just link your wallet, transfer your ETH tokens from mainnet to StarkNet, and you will get some tokens once the airdrop is activated. A small amount is enough as long as you use the bridge regularly.
Trade on a 10KSwap
After bridging the token to StarkNet, we recommend using a native DEX like 10KSwap. It is a fork of AMM and UniSwap that allows tokens to be transferred securely over the StarkNet network. All you need to do here is link your wallets and choose two tokens to trade. We encourage you to swap tokens frequently to provide liquidity to your pool and include it in your snapshots. This will increase your chances of getting an airdrop.
Interact with zkLend
The StarkNet ecosystem’s native money market is zkLend. To qualify for the airdrop, consider depositing funds and lending them for returns, similar to typical DeFi schemes such as AAVE and Compound. Additionally, zkLend will have its own airdrop in the near future.
Trade on Brine Finance
Brine Finance is another StarkNet decentralized exchange that differs from typical AMMs in that it functions as a standard order book exchange. Again, the airdrop technique is straightforward. Link your MetaMask wallet and perform a few transactions to ensure you meet this eligibility criteria.
Mint an NFT on MintSquare
MintSquare is an NFT platform compatible with both zkSync and StarkNеt. You can create an NFT by uploading supporting media of any image. Remember to change the network to StarkNet instead of zkSync. Give it a name and some properties and click Mint. Now you have a newly created NFT in StarkNet.
Mint Domain
Use the following steps to create a domain on Starknet.id.
- Go to Domain and enter the required domain name.
- If the domain is already in use, please enter a new domain. Otherwise, if the domain is available, we can create it.
- Select the number of years to hold the domain (the more years, the higher the price)
- Click Register from L2 to set the domain name for your StarkNet Wallet.
StarkNet Airdrop is a great way to get free tokens using various network services. To ensure you receive the maximum number of tokens, you should participate in the airdrop as soon as possible before the eligibility window expires.
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