Key points:
- The community is currently looking forward to layer 2 projects that will continue to airdrop, including Starknet.
- We can get in early by interacting with the project’s ecosystem.
Ethereum has the potential to change the Internet, but its high gas prices and sluggish transaction speed disadvantage consumers and developers. In the long run, it threatens Ethereum’s status as the Web3 foundation. Many attempts are ongoing to improve Ethereum’s scalability, most notably via the use of layer 2 chains. StarkNet is one such endeavor created by StarkWare.
Layers 2 have lately gained attention as a result of Arbitrum’s enormous airdrop. Users have begun to doubt the airdrop capabilities of other Layer 2 initiatives, notably StarkNet.
Coincu discusses the best approach to qualify for the next StarkNet airdrop, which is a potential zk-rollup-based Layer 2 network on Ethereum, in this article.
In this step-by-step guide, we’ll go through the apps and bridges to utilize to earn the most STRK tokens once the airdrop is live.
What is Starknet?
StarkNet is an Ethereum layer 2 solution that takes the shape of a ZK-Rollup. Because of StarkNet’s dependency on the STARK system – StarkWare’s technological development – any dApp may run, function, and expand endlessly without jeopardizing Ethereum’s capacity to aggregate and protect.
The project contract and operating system are developed in the Cairo programming language, which allows for the deployment and scalability of dApps or smart contracts independent of business logic.
Why does Starknet have airdrop potential?
This is a project that has raised hundreds of millions of dollars in funding through funding rounds and is valued at $8 billion.
There are various elements to consider while analyzing an airdrop. Then, consider the chance that the project will ever conduct an airdrop in the first place. The project’s token allocation for airdrop campaigns, as well as the difficulty of participating in their airdrop, are then examined.
It is also critical to consider the token’s usefulness so that there is actual use and purpose in participating in the airdrop in the first place. Lastly, while assessing an airdrop, examine if the airdropped tokens are subject to a lockup term.
Airdrop Probability: The StarkNet Foundation is actively developing the token distribution method, which suggests an airdrop is probable.
Token Allocation: There are 10 billion STRK tokens in circulation, with 17% going to investors, 32.9% going to core contributors, and 50.1% going to the StarkNet Foundation.
Difficulty of Airdrop: The mainnet is about to start, which means the snapshot window is ending. But, there are reports that a second snapshot will take place after the mainnet launch, so make the most of the mainnet.
Token Utility: The STRK token has three primary functions: staking to participate in StarkNet’s consensus methods, governance and voting, and transaction fee payment.
Token Lockup: Tokens distributed to shareholders, workers, and independent software developers will be locked for four years.
Conditions to participate in the airdrop
You must have an Ethereum address to be eligible for the StarkNet airdrop. Next, on your PC or mobile device, use either the MetaMask or TrustWallet program to connect to various apps on the network.
To qualify for the greatest number of STRK tokens, you must complete the procedures outlined below. We expect that interacting with all of these apps will cost roughly $100-$200, depending on gas costs, in order to acquire the maximum number of the airdrop tokens, which may be more than $10,000.
Instructions on how to get the airdrop
Use Argent X Wallet
Since MetaMask presently does not support the Alpha Mainnet, it cannot interact with the StarkNet Layer 2 network. The Argent X wallet is the sole way to access StarkNet. Argent X was the initial wallet on StarkNet and is extensively utilized as the primary ecosystem wallet, with over 400,000 users. It is supported by notable investors such as Paragim, Index Ventures, and StarkWare Labs. Argent X browser extensions are available for Google Chrome and Mozilla Firefox. Following that, you may use Argent X to send and receive payments, find new NFTs, and exchange.
Bridge to StarkNet
One of the initial anticipated eligibility conditions for the StarkNet airdrop will be to bridge from the Ethereum mainnet to the network. We propose utilizing StarkGate, the official bridge designed and deployed by the StarkWare team, to do this. Just link your wallet, transmit ETH tokens from the mainnet to StarkNet, and you should get some tokens once the airdrop is activated. As long as you use the bridge regularly, small quantities should be sufficient.
You may also withdraw funds from StarkNet via another bridge, such as Orbiter Finance. The use of two bridging platforms serves as a safety precaution in the event that the airdrop covers one of them. Moreover, by utilizing both bridges, you may get a greater multiplier for the StarkNet airdrop.
Trade on a 10KSwap
We suggest using a native DEX like 10KSwap now that you’ve bridged tokens to StarkNet. This is an AMM and UniSwap fork that enables you to safely transfer tokens on the StarkNet network. All you have to do here is link your wallet and choose two tokens to trade.
It is suggested to exchange tokens often and supply liquidity to pools in order to be included in the snapshot. This increases your chances of receiving the airdrop.
Interact with zkLend
The StarkNet ecosystem’s native money market is zkLend. To qualify for the airdrop, consider depositing and lending money to earn returns, similar to typical DeFi programs like AAVE or Compound. Moreover, zkLend will be doing its own airdrop in the near future.
Trade on Brine Finance
Brine Finance is yet another decentralized exchange on StarkNet that differs from typical AMMs in that it functions as a standard order book exchange. Again, the airdrop technique is simple: link your MetaMask Wallet and execute a few transactions to guarantee you match this eligibility criterion.
Mint an NFT on MintSquare
MintSquare is an NFT platform that is compatible with both zkSync and StarkNet. You may create an NFT by uploading the supporting media of any image. Remember to change the network to StarkNet rather than zkSync. Give it a name and some characteristics, then click mint. You now have a freshly minted NFT on StarkNet.
Mint Domain
Use these procedures to mint the domain using Starknet.id:
- Navigate to Domains to enter the desired domain name.
- If the domain is already in use, enter a new domain; otherwise, if the domain is available, it may be minted.
- Choose the number of years you wish to retain the Domain (the larger the number of years, the higher the price)
- To set a domain name for your StarkNet wallet, click “Register from L2.”
Notes when performing airdrop
When you follow this tutorial on how to airdrop Starknet, some of you will use tricks like cheats, use bots to trade for volume, create multiple wallets, be careful because the project will be strictly checked in the future. More strictly, the wallets that use the trick they will filter and remove, so we will lose the time and effort spent.
Conclusion
The StarkNet airdrop is a fantastic way to acquire free tokens by using various network services. You should participate in the airdrop as soon as feasible before the eligibility window expires to guarantee that you get the most number of tokens possible.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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