Join These 3 Airdrop Projects via Pintu Web3 Wallet

Update 15 Mar 2024 ‚ÄĘ Reading Time 8 Minute
Image Join These 3 Airdrop Projects via Pintu Web3 Wallet
Reading Time: 8 minutes

In 2023, major crypto projects distributed a staggering amount of free tokens through airdrops. These included Arbitrum (at $1.9 billion USD), Blur ($818 million USD), Celestia ($728 million USD), and Jito ($312 million USD). Airdrops offer a fantastic opportunity to acquire new cryptocurrencies for free or at minimal cost. In this article, we will show you how to hunt for airdrop using the Pintu Web3 Wallet by participating in several platforms to become an early adopter.

Article Summary

  • ūü™ā¬†Airdrop hunting in the crypto world offers huge profit potential with minimal or no capital.
  • ūüß© The requirements for qualifying for an airdrop vary, ranging from staking, completing missions on Galxe or Zealy, making transactions on the testnet, and others.
  • ‚ú® With Pintu Web3 Wallet, you can access crypto projects offering airdrops and make the necessary transactions.
  • ūüĎ®‚ÄćūüíĽ Kinza Finance, Hyperliquid, and io.net are some of the examples of crypto projects that can potentially distribute airdrops to their users.

How to hunt airdrop using Pintu Web3 Wallet

The crypto world offers plenty of opportunities for financial gain. One such strategy, offering substantial profits with minimal investments, is known as airdrop hunting.

Several crypto projects have successfully ‚Äėairdropped‚Äô tokens to their users, particularly those who were early adopters. Some examples are ARB token airdrop by Arbitrum, JUP by Jupiter, DYM by Dymension, JTO by Jito, and others.

The token rewards users receive can be quite substantial, sometimes amounting to thousands of US dollars! This makes airdrop enticing for the crypto community, as participants engage in platform activities before token releases to qualify.

Airdrop hunting activities vary according to each platform’s requirements. To be eligible for the airdrop, users can stake, do quests on Zealy or Galxe, try DeFi transactions on testnet, run network nodes, and others.

In this article, we will try out some crypto projects that can potentially distribute airdrops to their users using Pintu Web3 Wallet.

Kinza Finance

Kinza Finance is a decentralized crypto asset lending protocol that operates on the BNB Chain. Kinza’s lending system uses liquidity pools.

As such, a lender can deposit assets to provide liquidity as collateral. Then, he can borrow funds from the collateral in the same contract. The lender will get a portion of the interest paid by the borrower. In addition, the borrower will also later get a portion of the KZA token emission.

Kinza offers a promising KZA token airdrop, 5% of the total token supply or 5 million KZA after the Token Generation Event (TGE). This airdrop kicks off Kinza Wars by rewarding early adopters of the platform. Eligible recipients for the airdrop include those who engaged in staking, voting, and earnings during the initial phase.

How to become eligible for the Kinza Finance Airdrop

You can become one of Kinza’s early adopters by following these steps:

  • Visit the website https://app.kinza.finance/#/, then connect your Pintu Web3 Wallet via WalletConnect.
  • Select the asset you want to deposit, such as BNB.
  • Click ‚ÄėSupply‚Äô, then input the amount of the asset.
  • Confirm the transaction on the Pintu Web3 Wallet.
Source: Kinza
  • After successfully depositing BNB, you can borrow the asset by clicking ‚ÄėBorrow‚Äô on the right of the screen.
  • Input the amount of the asset you want to borrow, then confirm the transaction on the Pintu Web3 Wallet.
Source: Kinza
  • After successfully borrowing the same asset, you can repay it by clicking ‚ÄėRepay‚Äô.
  • Input the maximum amount, then confirm the transaction on the Pintu Web3 Wallet.

Checking airdrop points

You can earn points by making transactions on Kinza Finance. The points show how many airdrop tokens you will get after the TGE based on your deposit assets and the time you spent in the protocol.

Points are generated from time-weighted TVL. 100 US dollars worth of assets deposited for 1 day will generate 1 point. Same as 50 US dollars worth of assets deposited for 2 days, or 1 US dollar worth of assets deposited for 100 days.

The project is still relatively small but holds promise due to the backing of Binance Labs. You can get a chance to get this airdrop by being an active user on the platform. The KZA token airdrop distribution will take place after the TGE, although an exact date has not been announced yet.

Hyperliquid

Hyperliquid is a perpetual DEX that utilizes on-chain order books. The DEX is built on the Hyperliquid L1 blockchain using the Tendermint consensus. The platform provides CEX-like ease of use, seamless UX, one-click trading, and near-instant transactions. Currently, Hyperliquid L1 can support 20K orders per second.

Initially, Hyperliquid ran on top of the Arbitrum network, then in early 2023, it began transitioning to its own blockchain.

Source: DefiLlama

Hyperliquid has a higher TVL than other derivative platforms, such as Parcl, Aevo, and Vertex. Also, Hyperliquid is interesting because 100% of the trading fees go to the community. The development team does not receive a share of the fees.

To become eligible for its ecosystem token airdrops, Hyperliquid implements a point system for its users. Points will increase based on trading volume and activity on the platform.

How to become eligible for Hyperliquid airdrops

Trade

  • Visit https://app.hyperliquid.xyz/trade, then connect your Pintu Web3 Wallet via WalletConnect.
  • Click ‚ÄėDeposit‚Äô at the bottom right of the screen to deposit USDC into Hyperliquid.
  • Input the amount of USDC or USDT, then confirm it on the Pintu Web3 Wallet. Since the minimum Long/Short transaction is 10 US dollars, you should deposit more than 10 US dollars.

Make sure you have USDC or USDT on the Arbitrum network. You should provide USDC because Hyperliquid only accepts USDC as collateral.

Source: Hyperliquid
  • Select an asset, for example ETH-USD, that you predict the price will go up (long) or down (short).
Sumber: Hyperliquid
  • On the top right, set the collateral type. In this article, we use cross, 20x, and One-Way types.
  • If you predict the ETH price will go up, then select Buy/Long; otherwise, if the price will go down, you select Sell/Short.
  • In the ‚ÄėSize‚Äô column, change the asset from ETH to USD to make it easier for you to calculate the collateral value.
  • Click ‚ÄėPlace Order‚Äô. Do it several times to increase the points you will get.

Become a liquidity provider.

Apart from trading, you can also become a liquidity provider by depositing USDC into the Hyperliquid Provider (HLP) vault. You can do this by following the steps below:

  • Visit ‚ÄėVaults‚Äô.
Sumber: Hyperliquid
  • Select ‚ÄėHyperliquidity Provider (HLP)‚Äô below the ‚ÄėProtocol Vaults‚Äô.
  • Input the amount of USDC, then click ‚ÄėDeposit‚Äô.

The USDC collateral will be locked for 4 days. After that, you can withdraw in the same way as depositing. The difference is, to select ‚ÄėWithdraw.‚Äô

Checking Airdrop Points

To check your earned points, simply visit the ‚ÄėPoints‚Äô section in the main menu. Points are distributed every Thursday.

As of March 8, 2024, in week 18 (which began on November 1, 2023), Hyperliquid has distributed points to 20,000 users. Additionally, Hyperliquid has facilitated +15 billion US dollars in weekly volume, +3.5 billion US dollars in daily volume, and a TVL of over +250 million US dollars.

Io.net

io.net is a decentralized network that aggregates GPUs from data centers, crypto miners, and decentralized storage providers to offer low-cost GPU computing power for artificial intelligence (AI) or machine learning (ML) teams. As such, users can utilize spare GPU capacity to run AI/ML training and other workloads across a distributed network of devices.

The platform, which operates on top of the Solana network, also leverages the power of hundreds of millions of Apple Silicon chips to support AI/ML workloads. Engineers can cluster Apple M1/M2/M3 chips worldwide on io.net, while Apple users can earn revenue by contributing spare computing resources.

In the future, IO tokens will serve as a means of transaction within the io.net ecosystem, incentivize GPU providers, and bolster tokenization and governance models. While the IO token has not been launched by io.net, the platform intends to introduce it to its community through an airdrop system.

To become part of the io.net community and eligible for IO token airdrops, engage in the following activities:

  • Participate in missions on Galxe to earn points.
  • Stay active in the io.net Discord to attain the highest Tier.
  • Contribute as a worker by providing GPUs.

How to become eligible for io.net airdrops

To complete missions on Galxe, you can use your Pintu Web3 Wallet to create a Galxe account. Below is how you can do it:

Create a Galxe account using the Pintu Web3 Wallet.

  • Click ‚ÄėSign up,‚Äô then select ‚ÄėWalletConnect.‚Äô
  • After the QR code appears, open Pintu Web3 Wallet and click ‚ÄėWalletConnect‚Äô.
  • Scan the QR code with the Pintu Web3 Wallet.
  • Create your username.
  • Visit the io.net campaign at https://galxe.com/io.net/campaign/GCQiot4SR2.
Sumber: Galxe
  • Complete all missions on Galxe to earn airdrop points.
To complete the requirements, you must mint Galxe Passport or Web3 Score. You can choose either one. To mint Galxe Passport, make sure you are on the BNB Chain blockchain. The price is around 0.02 BNB.

Checking airdrop points

You can get io.net points on Galxe by claiming it at the end of each mission. The more points you claim, the bigger the chance of getting the airdrop.

Apart from collecting points in Galxe, you can also actively participate in the io.net Discord to get a high Tier position. To increase your Tier on Discord, you can play games, create artwork or memes, join AMA sessions, and more.

Conclusion

Airdrop hunting offers a promising avenue for financial gains in the crypto world with minimal initial investment. Yet, it demands consistent effort and engagement. Projects rely on robust community participation across platforms and social media channels.

As a result, early adopters who actively contribute to project development often receive rewards in the form of platform tokens through airdrops. To participate in airdrop hunting, you can join multiple crypto projects early on using the Pintu Web3 Wallet.

Pintu Web3 Wallet on Pintu App

Pintu has recently launched its Web3 Wallet, seamlessly integrated within the Pintu app. This wallet enables you to send, receive, and store crypto while also providing access to several dApps such as OpenSea, PancakeSwap, Blur, and more.

Pintu Web3 Wallet supports multi-chain networks, including Ethereum, BNB Smart Chain, Polygon, Avalanche and more. This allows you to interact with smart contracts and dApps across various blockchain networks using just one wallet.

With Pintu Web3 Wallet, you can actively engage in the decentralized future of the internet and participate in diverse Web3 projects.

Let’s create your Web3 Wallet on Pintu app. Watch this video to learn how to create one.

References

  1. Kinza Finance, Airdrop, Docs, accessed 12 March 2023.
  2. Hyperliquid, About Hyperliquid, Docs, accessed 12 March 2023.
  3. Depin Hub, Io.net project, Depin Hub, accessed 12 March 2023.
  4. Sander Lutz, The Biggest Crypto Airdrops of 2023, Decrypt, accessed 14 March 2023.
Author:Ginisita Dofany

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