We have talked about numbers of S Tier Projects’ airdrop in the past. It’s time for us to review their update of airdrop that you shouldn’t miss:
- Blast airdrop
- Scroll airdrop
- Layer Zero airdrop
- Humanity airdrop
- Manta & Core airdrop
1. Blast Airdrop Update
The Blast project, active since November, has announced important updates about its Token Generation Event (TGE) and airdrop. Originally set for the end of May, these events have been postponed to June 26. The delay comes with a silver lining: an increase in the airdrop allocation. Blast aims to maximize the impact of its airdrop by waiting for more favorable market conditions, anticipating a significant market pump around the new date.
2. Scroll Airdrop
Since October 2023, Scroll has been preparing for its airdrop using a retroactive point system to reward participants. Scroll employs a point system that awards marks based on specific activities within its ecosystem. These marks determine eligibility and allocation for the airdrop. Here’s how you can earn and track your marks:
- Initial Actions and Gas Spending:
- Start Date: The retroactive point system began in October.
- Gas Spending: One of the primary ways to earn marks was based on the amount of gas spent on Scroll transactions up to April 29. If you were active during this period, you should have accumulated marks.
2. Current Focus on Bridging Assets:
- Bridging Assets: If you missed the initial gas spending period, don’t worry. You can still earn marks by bridging assets to Scroll.
- Eligible Assets: Bridging Ethereum (ETH), Wrapped Staked Ethereum (wstETH), or STONE to Scroll will earn you additional marks. This shift in focus provides a continued opportunity to earn marks and position yourself for the airdrop.
3. Tracking Your Marks:
- Monitor Progress: Keep track of your marks through Scroll’s tracking platform. This will give you an idea of your standing and potential airdrop rewards.
Key Dates and Expectations
- Cut-off for Gas Spending: The initial phase, which considered gas spending, ended on April 29.
- Ongoing Actions: Continue bridging eligible assets to earn more marks.
- TGE and Airdrop Timeline: The exact date for the Token Generation Event (TGE) and airdrop is yet to be determined but is expected to be later compared to other projects like ZK Sync and Layer Zero.
3. Layer Zero’s Anti-Sybil Measures
Layer Zero has recently announced significant updates to its airdrop strategy, aiming to curb Sybil attacks and ensure fair distribution. Last week, it was revealed that Layer Zero would implement a priority list for their airdrop based on wallet clusters. Initially, they aimed to identify users with multiple wallets to reward genuine participants and weed out Sybil attackers. Layer Zero has now refined its approach, focusing on users with at least 20 wallets in their wallet cluster. This move is intended to penalize large-scale Sybil farmers.
Why This Matters
- Preventing Exploitation:
- Large-scale Sybil Farming: By targeting clusters of 20 or more wallets, Layer Zero aims to prevent large-scale exploitation. This is crucial as Sybil farmers can create hundreds or thousands of wallets to unfairly maximize their airdrop rewards.
- Protecting Value: If Sybil farmers receive a significant portion of the airdrop, they could dump the tokens on the market, devaluing the airdrop for genuine participants and harming the project’s value.
- Encouraging Fair Play:
- Rewarding Genuine Users: The new measures aim to ensure that airdrops go to individual users rather than multiple wallets controlled by the same entity, promoting fairness and integrity within the community. Self-reporting is open until May 17th, 23:59 UTC. Addresses that self-report as sybil receive 15% of their intended allocation. Addresses that do not self-report and are identified as sybil by their internal report, co-authored with Chaos and Nansen, or found during the bounty process will receive nothing.
- Public Bounty System: Layer Zero has introduced a bounty system, incentivizing the community to report Sybil wallets. If a user successfully identifies Sybil wallets, they could receive the intended allocation for those wallets. Bounty reports will be due on May 31st, 23:59 UTC and this must contain 20 addresses. You can self-report here: https://sybil.layerzero.network/
For information on preparing bounty reports, follow this guide on GitHub.
Community Reactions
This approach has sparked a mix of reactions:
- Support for Anti-Sybil Measures:
- Ensuring Fair Distribution: Many community members support these measures as they help ensure that airdrops are distributed fairly and equitably among genuine users.
- Long-term Project Health: By preventing large-scale dumps, these measures protect the project’s long-term health and value.
- Concerns About Snitching Culture:
- Encouraging Reporting: Some critics argue that incentivizing users to report each other fosters a snitching culture, which might lead to false reports and unnecessary tension within the community.
- Self-regulation in Crypto: However, self-regulation is a fundamental aspect of decentralized networks, and ensuring trust and fairness often requires community involvement in maintaining integrity.
Sybil attacks are a persistent issue in the cryptocurrency space. By creating multiple wallets, attackers can disproportionately benefit from airdrops, reducing the rewards for genuine participants and potentially destabilizing token economies.
4. Humanity Protocol Airdrop
Humanity Protocol is at the forefront of digital identity verification, utilizing palm prints instead of traditional methods like iris scans. This unique approach ensures high security and convenience, setting a new standard in the industry. Their recent $1 billion valuation and being featured in Bloomberg are testaments to their technological innovation and market potential.
Palm Print Identification
Based on our interview with Terence (CEO of Humanity Protocol), the core of Humanity Protocol’s technology is the use of palm prints for identity verification. Unlike Worldcoin, which uses iris scans, Humanity Protocol leverages the uniqueness of palm prints. This method ensures that even identical twins can be distinguished, thanks to the distinct way each person’s cells grow. Here’s how it works:
- Capture: A camera captures the image of an individual’s palm.
- Analysis: The intricate patterns and ridges of the palm are analyzed.
- Verification: The analyzed data is compared with stored information to confirm the identity.
This method is highly accurate, even distinguishing between identical twins, making it an effective solution for secure identity verification.
Step-by-Step Guide to Participate in Humanity Protocol’s Airdrop
- Visit the Website: Go to Humanity Protocol’s official website.
- Register for the Waitlist: Sign up for the waitlist on their app registration page.
- Receive Invitation: Once you receive an invitation, download the app from the provided link.
- Set Up Your Account: Follow the instructions to set up your account and complete the necessary verification steps.
- Register Your Palm Print: Use your phone’s camera to capture your palm print and finalize the registration process.
- Explore App Features: After registration, explore the app’s features and functionalities.
By registering early and joining the waitlist, you may be eligible for a Genesis reward. This incentive is designed to attract early adopters and demonstrate the capabilities of Humanity Protocol’s technology. Ensure to use only one account to maintain fair distribution of rewards.
While Humanity Protocol’s technology is impressive, it also raises important privacy and security considerations. The ability to identify individuals using any camera that captures a palm print could have significant implications. Humanity Protocol is committed to ethical use and robust security measures to protect user privacy.
5. Developments in Crypto Staking: Manta and Core
The cryptocurrency landscape continues to evolve with innovative opportunities for earning passive income. Recently, two significant developments have emerged: the return of Manta staking and the introduction of Bitcoin staking through Core.
Manta Staking
Manta Network has reintroduced its staking program, offering an impressive annual percentage yield (APY) of 31%. This high return rate has generated considerable excitement within the crypto community. Manta Network focuses on enhancing the privacy and security of decentralized finance (DeFi) transactions. Follow the guide posted on their Twitter to know how to liquid stake $MANTA through Manta Pacific.
While the 31% APY is specific to Manta tokens, there is a growing interest in similar opportunities for other major cryptocurrencies like Ethereum. This highlights the community’s eagerness to maximize their crypto holdings through innovative financial mechanisms.
Bitcoin Staking via Core DAO
One of the most groundbreaking developments is the introduction of Bitcoin staking through Core, a new Layer-1 solution designed to bring decentralized finance to the Bitcoin network. Unlike traditional staking, which often requires transferring your assets to a smart contract, Core’s method only involves time-locking your Bitcoin. This approach mitigates the risk associated with staking, as users retain ownership of their assets while earning rewards.
Currently, the staking returns for Bitcoin are around 12-16%, a slight decrease from the initial 20% due to increasing participation. Despite this, the opportunity remains attractive, especially considering that idle Bitcoin typically yields no return. By staking Bitcoin, users can earn rewards in the form of $CORE tokens, which can be immediately traded on exchanges like Bybit.
How to Stake Bitcoin in Core?
- Prepare Your Wallet: $CORE staking does not support Ledger or Trezor wallets at this time. Instead, users need to connect a MetaMask wallet and a Unisat wallet.
- Time-Lock Your Bitcoin: Decide the duration for which you want to lock your Bitcoin. The longer the lock period, the higher the potential rewards.
- Earn Core Tokens: Once locked, your Bitcoin will start generating rewards in $CORE tokens, which can be traded or held for future value appreciation.
For the reference on how to stake in Core, you can visit their official guidelines.