Did you miss out on the chance to earn big with the Arbitrum airdrop? No need to worry! The LayerZero ($ZRO) token airdrop is just around the corner, offering yet another opportunity to earn big. In this article, I will walk you through the steps you need to take to qualify for the LayerZero airdrop.
What is LayerZero?
LayerZero ($ZRO) is a next-generation blockchain project that is looking to revolutionise communication, interoperability and decentralised infrastructure. It is designed to provide lightweight message passing system that works seamlessly across different type of blockchain networks.
You can know more about LayerZero project by going through their whitepaper. Added below the link for your reference.
Link:– LayerZero WhitePaper
LayerZero recently raised another $120 million thus reaching a valuation of $3 billion from $1 billion.
To stay up-to-date with the project, I would advise you to follow the team on Twitter.
LayerZero:– Twitter Link
LayerZero ($ZRO) Token Airdrop
LayerZero ($ZRO) token is yet to be live however the community expects the token $ZRO to be launched in the near future.
LayerZero could potentially emulate Arbitrum’s strategy of distributing tokens to its most dedicated users through an airdrop. In this article, I’ll outline the straightforward steps you can take to qualify for the airdrop and join the list of eligible users.
To qualify for the airdrop, you may need to trade or swap on platforms that utilise the LayerZero protocol. Keep in mind that these steps may come with gas or transaction fees, but I have made an effort to use platforms that incur lower fees to ensure eligibility for the airdrop.
Steps to Follow for LayerZero (ZRO) Token Airdrop
1. Make a Cross-Chain Swap on Sushi
Link:- Sushi Website
Make few swaps:-
- Swap ETH on Ethereum Network to USDC on Arbitrum
- Swap BNB on BSC Network to USDC on Arbitrum
- Move back some USDC on Arbitrum to ETH on Ethereum Network
2. Make a Cross-Chain Swap Using Stargate
Link:- Stargate Finance
Stargate Finance is the first LayerZero protocol that is live and read to use.
Make few swaps:-
- Swap USDT on Ethereum Network to USDC on Arbitrum
- Swap USDT on BSC Network to USDC on Arbitrum
Keep some ETH and USDC on Arbitrum network for other tasks.
3. Buy and Stake STG
Next step is to purchase STG token on Arbitrum network through Balancer portal and then stake the same on Stargate Finance. You can purchase a minimum no. of 1 or 2 STG token for this task.
Link:- Balancer Website
STG is a Stargate Governance token and it gives user the right to vote on governance proposals.
Link:- Stake STG
You can stake any no. of STG tokens, I have staked 2 STG tokens for performing this task and you can do the same.
Now let’s try to vote on Stargate governance proposals
4. Vote in Stargate DAO Proposal
Go to Stargate DAO proposal page, connect your wallet and go through the list of proposals and then cast your vote.
Link:- Stargate DAO Page
5. Use LayerZero Bridge on Testnet
Finally do some swaps on the testnet, again do multiple swaps. Use the Faucet link to get the test tokens for the swap.
Link:- LayerZero Testnet Bridge
Conclusion
Following all the steps above won’t guarantee however gives you a higher chance to be eligible for the airdrop. Try to perform these tasks when the gas is low to save some money. Also most importantly try to do as many transactions as possible which will come in handy during token allocation.
I hope you find this article on LayerZero ($ZRO) token airdrop useful, if you come across any issue during these tasks then drop me a line and I will be happy to assist you.
You can also check out these websites for Cryptocurrency Airdrops – Best Websites for Free Cryptocurrency Airdrop 2023
Comments (No)