2023-12-24 09:00:00
Within the Web3 ecosystem, decentralized applications regularly perform airdrops to reward their earliest users. One of the most anticipated airdrops of the moment is that of Wormhole. Find out in this article how to be eligible.
This article presents an excerpt from a strategy selected for its potential by our experts at Cryptoast Research. These analyzes designed to maximize your chances of seizing opportunities are accessible to all members of Cryptoast Research. (Already subscribed?)
How to become eligible for the Wormhole airdrop?
To better understand the method to follow, let’s quickly recall what Wormhole is. Publicly launched in October 2020, this protocol allows communications between several dozen blockchains like Ethereum, Solana, Avalanche and Cosmos to name a few.
Although Wormhole does not yet have a native token, everything suggests that his company will carry out an airdrop very soon. In fact, last November, the project achieved the largest funding round of the year for the crypto ecosystemwith $225 million raised.
Things to know before starting the airdrop
Wormhole is also a protocol infamous for the financial losses of its 2022 hack, with a lost sum estimated at $320 million. To guarantee a high level of security and limit your exposure to riskdo not hesitate to use a new MetaMask account to carry out the following operations.
???? MetaMask: how to increase the security of your cryptos in a few clicks?
To become eligible for the airdrop, The first task to accomplish is to go to the official Wormhole website. You will find a lot of interesting information there, including all the projects that are built with its protocol. The idea is to test the different applications that use, directly or indirectly, the Wormhole protocol.
To avoid liquidating all of your capital because of transaction fees on the Ethereum network, know that it is possible to classify the different applications according to their blockchains. To simplify your procedures, you can focus on projects in a single ecosystem : for example, for Arbitrum, we find Pendle, OmniBTC or even Portal among the dApps compatible with Wormhole.
A second operation to carry out consists of use the Wormhole bridge, which is precisely operated by the Portal protocol. As a reminder, a bridge allows cryptocurrencies and NFTs to be transferred from one blockchain to another. Since bridge is one of the main services offered by Wormhole, its users have a high chance of being eligible for this airdrop.
In parallel, a 3rd task can be carried out to increase your chances of eligibility. It consists of filling…
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