Aptos Airdrop Season Is Coming. Here’s How You Can Profit

key takeaways

  • Hundreds of projects have launched or announced their launch in Aptos, and many are rumored to be planning airdrops.
  • The best way to safely capitalize on the Aptos airdrop season is to use as many apps on the web as possible.
  • We have created a short step-by-step guide to help readers get involved in airdrops of Aptos projects that are rumored to launch them.

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In crypto, new network launches are often followed by airdrop seasons. These “seasons” are periods when all new projects that have successfully built applications on the network’s testnet prepare to release them on the mainnet. To stimulate activity and attract new users to their product, they send an allocation of their native token to early adopters.

For new projects, airdrops are a great way to attract attention and make a fair initial distribution of your native governance tokens. For users, they are a great way to earn money risk-free by trying out new apps. The latest example of this is the launch of one of the most anticipated Layer 1 networks, Aptos, and the upcoming airdrop season.

On the hunt for Aptos airdrops

Before we delve into the best ways to capitalize on the Aptos Airdrop season, here’s a brief introduction to the network.

Aptos is a proof of stake based Layer 1 blockchain which combines parallel transaction processing with a new smart contract language called Move to achieve very high transaction throughput. It is built by Aptos Labs, a blockchain startup spearheaded by two former Meta employees, Mo Shaikh and Avery Ching. It is considered the technological successor to the abandoned Meta blockchain project Diem, which is the main reason why it has attracted a lot of attention since the beginning.

apt thrown out on mainnet on October 19 with an airdrop of 150 APT tokens (worth about $1,237 at the time) to users who participated in its incentivized testnet. Less than a month since then, hundreds of new projects have launched or announced their launch in Aptos, with many hinting at possible airdrops. And while most of these airdrops are yet to be officially confirmed, many airdrop hunters have already started using apps in hopes of qualifying.

The best way to cash in on this gold rush is to use as many Aptos apps as possible, as many of them could retroactively reward their users with airdrops. You can start using the network and prepare for airdrop season with a small amount of capital to reduce your risk exposure; Assigning a lower sum to airdrop hunting strategies is unlikely to exclude you from potential opportunities. Apt News provides a concepts page with a extensive list of live and upcoming apps in Aptos. You can filter projects that are already active on the mainnet and then review them to see if they have any plans to launch tokens.

To help you start your Aptos journey and potentially walk away with a nice profit, we’ve put together a short step-by-step guide that could help you earn tokens from some projects rumored for upcoming airdrops.

1. Get an Aptos wallet

The first step in this process is to download a crypto wallet that supports Aptos. Currently, the two most popular wallets are Martian Y Pontem. Download and install both, as some Aptos apps only support one and not the other. Also, it is rumored that both wallets will launch their own tokens, but to qualify you will have to follow different steps.

For Martian, after downloading the chrome extension and creating your wallet, visit this Web page, switch the network from inside your wallet to Devnet, acquire some devnet APT tokens and mint the free Martian NFT. Holding this NFT will increase your chances of receiving a potential project airdrop soon.

To qualify for the Pontem airdrop, which has been officially confirmed, you will first need to download the Pontem Chrome Extensioncreate your wallet and connect some tokens to Aptos.

2. USDC Bridge using the Aptos Bridge

We recommend linking a stablecoin like USDC using LayerZero Aptus Bridge. There’s a good chance you’ll kill two birds with one stone doing this, since zero layer It is also rumored that it will launch its own token.

To move USDC to Aptos, go to the Aptos Bridge, connect your MetaMask wallet on Ethereum and your Pontem wallet on Aptos, select the amount of USDC you want to move from Ethereum to Aptos, and click “transfer”. In a few minutes, you will have USDC in your Pontem wallet in Aptos. This should help you qualify for the LayerZero airdrop.

3. Trade on Liquidswap

To qualify for the Pontem airdrop, you’ll need to use the project’s decentralized exchange in Aptos, Liquidswap. However, before you can do this, you’ll need to acquire some APT tokens, as you’ll need them to pay for gas fees to transact in Aptos. Currently the only way to do this is by using centralized exchanges like Binance, Coinbase or FTX and then withdrawing the APT to your Pontem wallet in Aptos.

After you have some APT, you can continue liquid exchange and make a simple trade to qualify for the Pontem airdrop. For example, if you want more exposure to APT, you can trade the USDC you wired from Ethereum for APT, which should be enough to qualify you for the airdrop. However, to further increase your chances, it might also be a good idea to provide liquidity. Since you should already have USDC and APT in Aptos if you followed the steps above, you can provide liquidity in the APT/USDC pool on the exchange. To do this, click the “Pools” in the upper right corner of the Liquidswap home page, select APT and USDC as your desired tokens and then click “Provide Liquidity”. You can stop providing liquidity at any time, but it would be wise to continue doing so until the airdrop is distributed.

4. Buy Aptos Monkeys or Aptomingos NFT

enchanter’s finances is another decentralized exchange in Aptos that has confirmed an airdrop. To qualify for this, you will need to purchase NFTs from the Aptos Monkeys or Aptomingos collections and follow the steps outlined on the kit. official airdrop guide. This airdrop campaign is scheduled to start in the next few days, so be sure to keep an eye on the project’s social media accounts for updates. It’s also a good idea to do a simple trade or provide liquidity on the exchange in case they decide to retroactively reward their users in the future.

5. Trade protocol in Cetus

To cover all bases, consider trading and providing liquidity on the Cetus-Protocol decentralized exchange as it is rumored to be another project launching a token soon. The process is effectively the same as exchanging or adding liquidity in Liquidswap and Enchanter Finance.

6. Start betting liquid in Tortuga

Another project you should consider using is the Aptos liquid staking protocol, Tortuga. While it has yet to officially confirm an airdrop, Tortuga has announced plans to launch its own token, which it will distribute to its users. To qualify for a possible Tortuga airdrop, you can stake APT on the tAPT token with performance on Tortuga’s liquid staking app and then provide liquidity for the APT/tAPT trading pair on the AUX decentralized exchange in Aptos.

final thoughts

As many of the potential airdrop opportunities are unconfirmed, there’s a good chance some of them won’t come to fruition. Also, it is worth considering that the Aptos ecosystem is still in its early stages, and apps built on it can be prone to bugs or attacks. This is especially true for decentralized exchanges, which may experience liquidity issues or experience platform-wide outages.

That said, pursuing Aptos airdrops using only small amounts should outweigh the inherent risks of using the nascent Layer 1 network and its smart contract-based protocols. As Aptos airdrop season approaches, there are plenty of reasons to follow our guide and get stuck in.

Disclosure: At the time of writing, the author of this article owned ETH and several other cryptocurrencies.

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