Airdrop Alert 🚨 : is $BASE airdrop confirmed? How to participate?
Baby ko $BASE pasand hain?
Good morning/afternoon/night, wherever you are in the world reading this. This is TeamJargon. We show up in your inbox more than you in your crush's DMs😏.
There’s love in the air, water in the sea, and a hot topic on everyone's minds – the "$BASE Airdrop."
😮 What?
😎 Yes! You read it correct. But there’s a catch. Let's analyze the odds, dive into the BASE ecosystem, and explore how to maximize your eligibility for the Airdrop.
What are the Odds of a Token and an Airdrop?
Now, let's talk odds. The crypto world is buzzing with speculation about whether BASE, the network launched by Coinbase, will have its own token and subsequent Airdrop. Airdrop hunters are all ears, but the situation is a bit tricky. Here's a quick rundown of the odds.
Odds against a Token/Airdrop:
Coinbase is a NYSE listed & a highly regulated exchange (Always on the minds of SEC just like She is in our mind) . Many tokens still lack regulatory clarity by the SEC, so Coinbase might want to avoid any conflict with the regulators.
BASE Network is built on the Optimism Stack. There's a proposal in the works where instead of multiple tokens, all OP Stack chains will join a "Super Chain" with $OP as the governance token (Less & Less L2 Airdrops, aghh!🥹), potentially eliminating the need for a separate $BASE token.
But hold on ✋, there's hope!
A recent statement by Coinbase's Chief Legal Officer, Paul Grewal, suggests that the door isn't entirely closed. When questioned about a BASE token, he responded, “It’s not something we’ve ruled out entirely.” This implies that there's still a significant possibility of a BASE token 🔥.
Regarding the second point, BASE might opt to remain independent of the Optimism Super Chain and continue utilizing its own technology!
Project Overview
Let's get to know BASE a bit better 📝
BASE is an Ethereum Layer 2 (L2) network, unveiled by Coinbase on August 9, 2023. It's constructed on the OP Stack in collaboration with Optimism. BASE's primary goal is to offer a secure, cost-effective, and developer-friendly environment for constructing on-chain applications.
Here are some features of BASE
Lower transaction fees: BASE transactions cost a fraction of Ethereum mainnet transactions.
Faster transaction speeds: BASE processes transactions much faster.
Full EVM compatibility: Developers can deploy their existing Ethereum applications to BASE without any changes.
Access to Coinbase's products and users: Base developers can tap into Coinbase's vast user base.
Twitter/X : https://twitter.com/BuildOnBase
Official Website : https://base.org/
Funding
BASE enjoys strong financial backing. It's funded by Coinbase, one of the world's largest cryptocurrency exchanges, valued at a whopping $17.8 billion on the NASDAQ stock exchange. Additionally, BASE is eligible for funding from the Optimism Foundation, which has set aside $100 million to support projects like BASE that are building on Optimism.
Growth Metrics
For a relatively new chain, BASE stats are astounding. It's currently ranked 4th in overall market share, 4th in Total Value Locked (TVL), and 3rd in on-chain activity among all Ethereum Layer 2 solutions, according to L2 Beat. TVL is on the rise, surpassing $350 million, thanks to its compelling applications.
Now, let's talk about the juicy part - that potential $5000+ Airdrop and how to maximize your chances if you're a beginner.
How to Grind for the $5000+ Airdrop as a Beginner?
First things first, get in on the BASE action. Add the BASE mainnet chain to your Metamask wallet using this link: Chainlist
To make the most of the Airdrop opportunity, you'll need some BASE Mainnet gas fees. Here's how to do it:
Official Bridge :
1. Load up some $ETH on the Ethereum mainnet from any exchange.
2. Connect your wallet.
3. Type in the amount you want to bridge to BASE.
4. Confirm the transaction.
5. Done!
Now that you've got some BASE gas fees, it's time to test out some dApps on the network.
Top 3 dApps on BASE
1. Aerodrome
Aerodrome is the largest DEX on BASE, a fork of Velodrome which is the Liquidity hub on Optimism. Here's what you can do:
Swap between $ETH, $USDT, and $USDC.
Add & Remove Liquidity.
😎 Pro Strategy
Convert your $ETH to stable coins like DOLA/MAI, which offer higher APR (around 23%). Or, if you want to play it safer, consider DAI/USDC.
Make sure it's stable pools to avoid impermanent loss. You'll also get $AERO tokens for adding liquidity. The higher the APR, the more $AERO you get.
Claim the $AERO and lock it for 4 years. Now you'll have ve-AERO, which you can use to "Vote" on pools weekly, generating passive income through incentives and fees. It's a cycle of passive income (lp APR + voting APR) with limited risk.
Disclaimer : DEXes like Aerodrome come with risks, so only allocate capital you're okay to lose.
2. Friend Tech
Friend Tech is the leading SocialFi platform. You can buy a “key” for any content creator on Twitter/X to gain access to a chatroom. You can also trade these keys on the open market using Friendmex
Video Tutorial :
3. Stargate (Alternative Bridge)
Stargate is a bridge using LayerZero technology. As the LayerZero Airdrop might be getting closer, you can use it to bridge funds back and forth between the BASE network and other chains, potentially scoring on 2 Airdrops in 1 step.
Explore more dApps yourself and increase the number of unique smart contracts you interact with on the BASE ecosystem page
Promising NFT Collections
For NFT enthusiasts, check out the Onchain Summer collection. It's the official NFT drop website, and you can keep an eye on Layer 3 for exciting drops in the future. Here are the Layer 3 Quests for those seeking NFT adventures.
Tips to Avoid Getting Flagged as Sybil
Now, to make sure your wallet isn't flagged as a Sybil, keep these pointers in mind:
Get a score of at least 20 on Gitcoin
Maintain at least $50 in your wallet.
If you're farming with multiple wallets, fund them through different exchanges or different addresses
Previous Airdrops :
