Airdrop Alert 🚨 : This Project got $225M in Funding, don't miss!
Ahoy Airdrop Hunters! 👋
It's been awhile since our last airdrop update. But we haven't forgotten about you loyal crew members! 🚢
We’re excited to share details about an new potential airdrop from Wormhole, who recently raised a huge $225M funding round! 💰💰
This is what we have for you!
Table of content
Project 101
Funding & Backers
Wormhole Vs LayerZero
Is Wormhole token confirmed?
$HOLE Airdrop grinding Tasks
FREE Ecosystem activities
Guaranteed Eligibility criteria
Project 101
Wormhole is a decentralized blockchain bridge that facilitates cross-chain communication and token transfers between different blockchain networks.
It enables developers to build cross-chain applications and users to transfer assets between different blockchains without the need for intermediaries.
Wormhole supports a wide range of blockchains, including:
EVM chains: Ethereum, Avalanche, Polygon, Arbitrum, Optimism, Fantom, BNB Chain, Acala, Aptos, Celo
Solana : Solana
Cosmos Eco : Cosmos, Terra, Juno, Osmosis
Others : Algorand, Near, Aptos, Sui
Also many of you might think Wormhole is a Newer project however that’s not the case it has been around for a long time,.
Wormhole was initially launched in August 2021. However, in February 2022, the bridge was exploited for $320 million, one of the largest hacks in crypto history.
Yes unfortunately it has been Hacked before, and although all users were made whole, So if you are farming the Airdrop it’s advised to approve tokens and bridge only what you can afford to lose.
Funding & Backers
Funding Rounds
Wormhole has raised a total of $225 million in funding over two rounds.
Series A: $25 million raised in 2020 from Jump Capital, Hypersphere Ventures, and others.
Series B: $200 million raised in 2023 from Brevan Howard, Coinbase Ventures, Multicoin Capital, and others.
Valuation
Wormhole is currently valued at $2.5 billion. This valuation was set in the company's Series B funding round in November 2023.
Investors
Wormhole's investors include some of the most notable Tier 1 venture capital firms in the crypto space, such as Brevan Howard, Coinbase Ventures, Multicoin Capital, and Jump Capital.
Wormhole plans to use the funds raised in its Series B funding round to expand its team, develop new products and features, and grow its user base and what better way to grow it’s userbase other than incentivizing them with a token & Airdrop!
Wormhole vs LayerZero
Wormhole is essentially a competitor to LayerZero.
Here are some technical differences of these two –
From protocol activity side LayeZero’s daily transaction volume has taken a nose dive where as Wormhole is seeing a spike .
Is a Token Confirmed for Wormhole?
A post written by “TheBlock”, a reputed crypto news provider, on April 2022 Wormhole suggested offering institutional investors 750 Million $HOLE tokens at a price of $0.25 per token.
The credibility of this story is also boosted by the fact Wormhole definitely needed capital at that time after it got exploited.
So we can say a token is 99% confirmed.
Without wasting anymore time let’s grind for it’s Airdrop because it will be Huge!
$HOLE Airdrop Tasks
Here we will share a list of dApps powered by Wormhole, the more you interact the better your chances at getting Eligible!
1. Portal Bridge (Main dApp)
Go to → PortalBridge
We can bridge almost between any asset/coin/NFTs from all supported chains and wallets.
Let’s say we want to bridge 100 $USDC from Arbitrum to Avalanche
These are mainnet tasks hence it will require fees
Fee = ~$1.2 per bridge transaction
Steps :
Transfer 100 Arbitrum $USDC into your wallet
Connect Wallet
Select Networks and $USDC for that specific network in asset, for Arbitrum USDC (Arbitrum)
Enter amount you want to bridge, Select Arbitrum as source and Avalanche as destination
Click "Approve and proceed with transaction"
Approve txn in Wallet
Copy the transaction hash as you might need it later.
You will also need to redeem the tokens on the other side.
Wormhole Scan similar to LayerZero Scan → https://wormholescan.io
Copy Paste transaction hash to check Bridging status
If u lost claim page don't worry, Go to redeem section & enter the txn, page will come back : )
Try out native USDC bridge → https://portalbridge.com/usdc-bridge/
Try out Bridging some NFTs too, don’t send any valuable NFT if you have some useless NFT lying around try bridging that.
Also as these assets get wrapped you might not get liquidity to swap them just bridge them back to generate volume
Here is a list of other bridges
2. Allbridge
4. Rango bridge
List of Dexes powered by wormhole
Jupiter → https://jup.ag
Aptos Swap → https://aptoswap.net/app/
Cetus → https://app.cetus.zone/swap
HorizonDex → https://app.horizondex.io/swap
Trader Joe → https://traderjoexyz.com/avalanche/trade
All Ecosystem dApps → https://wormhole.com/ecosystem/
FREE Ecosystem Activities
1. Synonym Finance Powered by Wormhole
Task : Provide Feedback on testnet to get $SYNO tokens
Complete Galxe Tasks and Submit feedback form
Galxe Task Link → https://galxe.com/SynonymFinance/campaign/GCkUptUqUq
Official Testnet Guide → https://mirror.xyz/0x8ddb7AE73E00C8ADa426Bd094004377227367eF2/kB1B-j-TIPY2wqLULYdUoLeR2QoO62eieb1VbG0aUkY
2. Pike Finance
Testnet not live yet just submit Email and wallet address.
Join Waitlist → https://form.jotform.com/231499072938468
3. Wormhole Zealy Campaign
Complete tasks and Earn XP : https://zealy.io/c/wormhole/questboard?invitationId=MKTTQWt0KYb8OJE8_FPzj
4. Join Discord and acquire available roles
Airdrop Eligibility Criteria
This is obviously speculation however it’s based on data gathered from previous airdrops
Number of Transactions > 10
Total volume generated > $5000, mainly portal bridge
Number of uniques chains used can boost allocation like $PYTH Airdrop
Unique assets bridged such as $ETH, $USDC, NFTs
Number of interaction with unique contracts, this will happen if you interact with the whole ecosystem of dapps atleast once
That’s a wrap for this Letter, Happy Airdrop Hunting :)