SpaceFi ($SPACE) token airdrop guide: Get free money!
SpaceFi is the first web3 platform that will connect the Cosmos and Layer2 networks through zkSync. It offers a variety of products, including a decentralized exchange (DEX), non-fungible tokens (NFTs), a starter platform, and a spacebase. SpaceFi has already confirmed it will launch its $SPACE token, and will distribute some of these tokens via airdrops. In this article, we give you a guide on how you can earn free money with a potential $SPACE token airdrop.
Did you know that zkSync is also doing an airdrop? This will give users the chance to potentially DOUBLE your airdrop rewards if you interact with both SpaceFi and zkSync! Check out: zkSync ($ZKS) Token Airdrop Guide: Earn double rewards!
What is SpaceFi?
SpaceFi is a revolutionary platform that will connect Cosmos and the Ethereum Layer 2 ecosystem via zkSync. Through SpaceFi, users can trade, earn, mint, stake, sell, create, and invest in a variety of projects. With SpaceFi, users can swap assets, farm rewards, mint, and stake Planet NFTs, join or create a spacebase, and invest in new projects. SpaceFi provides users with a secure and efficient way to manage their digital assets.
What is the SpaceFi ($SPACE) token?
$SPACE is the native token of the SpaceFi protocol and according to their Tokenomics, would be allocated to stakeholders most aligned with the strategic direction of SpaceFi. The $SPACE token can also be converted into $xSPACE by locking $SPACE at a 1:1 ratio with a 30 days unbonding period. Meanwhile, $xSPACE can be earned from farming on their platform, or converting $SPACE tokens directly. $xSPACE can also be staked on farms to earn more xSPACE and can be used for SpaceFi governance.
SpaceFi will have an initial supply of 60 million $SPACE tokens at genesis. 30 million $SPACE has already been released on Evmos mainnet on 7th March 2023. The remaining 30 million $SPACE will be released on zkSync mainnet when it is launched. The team has already said that a part of these tokens will be allocated toward airdrops and on the platform, there is already an airdrop page up.
SpaceFi airdrop page (Image source: SpaceFi)
How to get a potential SpaceFi ($SPACE) token airdrop?
SpaceFi is already available on zkSync testnet. So one way to potentially get a $SPACE token airdrop is to interact with the protocol in anticipation of the zkSync Era mainnet launch. Here’s how to get a potential SpaceFi ($SPACE) token airdrop:
Request testnet tokens here.
Connect your wallet (e.g. MetaMask) to Space.io.
Swap some $tSPACE tokens.
Add liquidity to SpaceFi pools.
Join the SpaceFi Discord.
Join the SpaceFi Crew3.
Swap $tSPACE tokens
On the platform, click the “Swap” tab. Select how many and which type of token you want to change to $tSPACE, then click “Approve”. Approve the transaction on your MetaMask and click “Swap” and “Confirm swap” on the SpaceFi platform.
Add liquidity to SpaceFi pools
Click on the “Pool” tab and “Add liquidity”. Then choose the 2 tokens you want to add to the pool. You may need to approve the use of the token by clicking “Approve”, then “Supply”.
Join the SpaceFi Crew3
Join the SpaceFi Crew3. On Crew3, You can also complete the quests on Crew3 which include following their social media accounts and joining their guilds. Completing each quest allows you to claim a reward.
SpaceFi ($SPACE) token airdrop review
Likelihood of Airdrop: SpaceFi have already confirmed they will do an airdrop. There is even an airdrop page up on their platform!
Airdropped Token Allocation: The team have confirmed a portion of the 60 million $SPACE tokens released at genesis will be allocated towards airdrops.
Airdrop Difficulty: So far, it seems that interacting with the SpaceFi testnet could make you eligible for an airdrop. But, there are many steps that need to be done (though fortunately only with testnet funds). Also, there are quite a few Crew3 quests to do.
Token Utility: The $SPACE token can be used for staking and is given as rewards to SpaceFi’s supporters.
Token Lockup: 60 million $SPACE will be released at genesis (30 million already released on Evmos mainnet, and later, 30 million upon zkSync Era mainnet launch). There will be a total supply of 600 million $SPACE, with token issuance being cut by one-third every year until the maximum supply of 600 million is reached.
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Filed under: Bitcoin - @ March 14, 2023 10:12 am