Introduction: The beginning of the airdrop craze
This year, major public chain airdrops such as zkSync, Blast, and Scroll have performed poorly, discouraging many airdrop players. Meanwhile, some players have shifted their attention to the second phase airdrops of established projects, especially OP, Uniswap, and others that became wealthy from early airdrops.
The Aptos project I will introduce in this article is one of the largest airdrop projects in 2022. Many people only participated in testnet NFTs and nodes, earning thousands of dollars in airdrops, attracting many users to dive into the airdrop track, seeking the next Aptos. I was also attracted to participate in airdrop interactions at that time. Aptos has prepared 51% of the token rewards for the community, and there is still a large amount unissued. When will Aptos Phase II airdrop be issued? What potential opportunities are there to participate?
What is Aptos?
Aptos is a Layer1 blockchain based on the Move language, aimed at promoting the mainstream adoption of Web3, bringing centralized assets into daily life, which is currently a hot topic in the RWA sector.
Aptos was founded by former Meta members Mo Shaikh and Avery Ching. Aptos Labs originated from the paused Diem project. It raised $350 million led by Andreessen Horowitz and Jump Crypto, with a strong financing background.
Aptos can reach a maximum transaction speed of 160,000 per second, making it one of the fastest Layer1 blockchains. Aptos launched its mainnet in October 2022 and airdropped a large amount of $APT, marking the beginning of the great airdrop era.
Aptos data performance
Aptos has performed strongly this year. As shown in the figure, since March, the number of active users on Aptos has started to increase, with TVL and trading volume gradually climbing. After breaking historical highs in June, the current TVL is $1.05 billion, and the daily trading volume is about $50 million, ranking 11th among all public chains, surpassing the established public chain Polygon and closely following Avalanche.
According to official data, Aptos has recently opened Pump meme tokens, attracting a large number of users. The daily active addresses on Aptos are around 100,000, making it one of the best-performing public chain projects after Solana, and it continues to grow. The price of $APT has also risen by 50% this month.
Aptos practical applications
In this bull market, RWA is one of the hottest sectors, aiming to integrate real-world assets into Web3, such as real estate, funds, etc. It is one of the most important pipelines to connect Web3 and Web2. As mentioned above, Aptos is very focused on the development of RWA, with practical applications as follows:
1. Real estate: Propbase
Propbase is a real estate brokerage company in Southeast Asia. They are the first platform to collaborate with Aptos to tokenize real estate, transforming traditional illiquid assets into tokens through peer-to-peer transactions. Token holders can also trade directly on the platform, attracting significant capital into real estate and driving local real estate investment.
2. Bonds: Ondo
Ondo collaborates with BlackRock and is the first platform to tokenize U.S. Treasury bonds, integrating many applications of traditional industries' RWA. Ondo also established a strategic partnership with Aptos earlier this year to natively integrate Ondo's tokenized U.S. Treasury bond product USDY onto the Aptos chain, aiming to promote the connection between real-world assets and blockchain technology on Aptos, supported by two major capitals, BlackRock and Goldman Sachs, with limitless future potential.
3. Fund: Franklin
Franklin Fund is currently the second-largest fund in the world by market capitalization and the only fund currently using blockchain for operations. At the end of October this year, the Franklin Fund announced a partnership with Aptos to issue tokenized U.S. Treasury bond funds $FOBXX.
$FOBXX is currently operating on Stellar, Polygon, Arbitrum, and Avalanche. Aptos is the fifth blockchain expanded by Franklin, including fixed, floating, and variable-rate bonds, with a total market value exceeding $450 million.
Aptos airdrop expectations
According to the official white paper, the token distribution of Aptos is as follows:
• 51.02% will be allocated to the community
• 16.5% allocated to the foundation
• 19% allocated to core contributors
• 13.48% allocated to investors
Of this, 51% is allocated to community tokens, mainly held by Aptos Labs and the foundation. In the first airdrop, only 3% of the total token supply was airdropped, and most are still staked, leading to significant expectations for airdrop among players.
• Used to support community-type ecosystem projects, grants, and other community growth plans, 125,000,000 $APT.
• Used to support the Aptos Foundation for foundation-type plans, 5,000,000 $APT.
• The remaining part allocated to the community and foundation is expected to be linearly unlocked 1/120 every month over the next 10 years.
Possibility and estimation of Aptos Phase II airdrop
Recently, following Trump's election, a crazy bull market has caused the $APT token to rise nearly 50%. In a high market sentiment environment, the advantages of airdrops are many, and investor confidence is sufficient, with little selling pressure after the token unlocks.
Aptos just celebrated its second anniversary on the mainnet in October. Compared to Optimism, which was also airdropped in 2022, the time conditions are met. Recent data performance of Aptos has been very good, and its ecological development is complete enough to accommodate new users attracted by the airdrop.
The Aptos Foundation and Labs still have a large amount of tokens (approximately 380 million) that have not yet been released, laying the foundation for the airdrop. Aptos leader Neil once mentioned, 'Aptos 2024 = Move + Defi/RWA + AI.' From the above, it can be seen that Aptos has established complete conditions in various aspects. When these conditions are met, it indicates that the airdrop may be imminent.
The first phase airdrop quantity of Aptos is 23.45 million $APT. If estimated similarly, the second phase may be around 15 to 25 million $APT, which will see a market capitalization inflow of 180 to 300 million.
Due to the significant increase in the number of addresses participating in the second-phase airdrop, in addition to the first-time eligible participants, the quantity of airdrops for odd-numbered addresses is relatively small. I anticipate that the evaluation will focus on ecological activity levels such as DeFi participation, on-chain transactions, and NFTs, and I will introduce recommended interactive projects in the following sections.
Aptos interaction projects
The above explains the possibilities of the Aptos airdrop. Below, I will recommend a few interactive projects that I believe are currently more profitable, mostly involving staking and lending operations, utilizing circular lending to gain more liquidity.
1. First, you need to install the Pontem wallet, which is one of the most commonly used wallets for Aptos.
https://chromewebstore.google.com/detail/pontem-crypto-wallet-eth/phkbamefinggmakgklpkljjmgibohnba
2. Lending projects: Amnis Finance, Aries Markets, Meso Finance
3. Swap trading projects: Liquidswap, Merkle, Kana Labs
Conclusion: The timing for airdrops has matured
In summary, Aptos' airdrop is approaching, especially with good performance in data and applications, and the user base is growing positively. During this bullish sentiment, I believe the conditions for the airdrop are already mature.
Additionally, you can refer to the airdrop of various projects in this round of the Solana ecosystem, such as Jupiter, Tensor, and MarginFi. The airdrop profits are substantial, and you can refer to the interaction gameplay at that time, operating the recommended project interactions above, looking forward to the arrival of Aptos Phase II airdrop.
Major projects that must be done: Solv Protocol, maximizing benefits
Solv Protocol is a DeFi reserve protocol on BTC that collaborates with multi-chain protocols, providing liquidity yield, custodial, and other solutions by fragmenting BTC assets. Among them, $SolvBTC is the first-ever Bitcoin with built-in yield.
Solv Protocol is currently financed with $25 million, led by Binance and Blockchain Capital. Solv is known as 'Lido on BTC', indicating its high popularity.
Recently, BTC has repeatedly broken new highs, approaching the $100,000 mark. Within the BTC ecosystem, there are still many projects yet to issue tokens. Recently, Solv has performed exceptionally well, breaking through $3 billion in TVL, making it a leading project in the BTC staking track, along with its proposed SAL (Staking Abstraction Layer) concept, which can greatly aid BTC liquidity.
The staking rate of BTC is significantly lower than that of ETH, which is close to 30% total staking rate. Solv has integrated about 50 protocols into the BTC ecosystem. I believe the BTC staking track is likely to become a future airdrop trend, injecting significant capital into crypto. Solv is a very worthwhile protocol to participate in.
Solv initially launched its point tasks in April this year, accumulating XP points through the Solv points system. The official has stated that in the future, XP points can be exchanged for $SOLV token airdrops. Currently, I recommend referring to Twitter blogger @Airdrop_Guard's teaching on maximizing staking benefits.
1. Deposit $BTC
In Solv's official website's SolvBTC, deposit $BTC using the BNB chain to obtain $SolvBTC, which can earn the first Solv points.
2. Stake Babylon
Stake $SolvBTC as $SolvBTC.BBN. I recommend Babylon, which I introduced last week, has high expectations for the upcoming token issuance, and the second benefit is Babylon points.
3. Deposit into DeFi
Deposit $SolvBTC.BBN into DeFi protocols that have not yet issued tokens on the BNB chain, including Avalon, Kinza, and Satlayer. I recommend Avalon and Kinza, both of which are Binance incubator projects, for the third benefit of DeFi airdrop expectations.
4. Lending and Borrowing Nested Dolls
Deposited $SolvBTC.BBN in DeFi can also be used for further circular lending, borrowing about 60-70% of the same cryptocurrency, then staking it in other DeFi protocols. I chose Avalon and Kinza for the fourth benefit of airdrop expectations.
Featured project interaction: Huma Finance Solana
Huma Finance is a platform previously introduced that focuses on 'PayFi'. PayFi refers to the most practical application of RWA, allowing users to cash in future 'accounts receivable' in a partial loss manner through smart contracts, solving liquidity problems encountered by many payment and lending platforms.
Huma completed its second round of financing of $38 million in September, with a total financing amount reaching $46.3 million, led by companies such as Distributed Global and Race Capital, with solid financial and technical backgrounds.
This week, Huma announced its official launch on the Solana mainnet, expanding this liquidity solution to the fastest blockchain and offering an annualized staking of up to 15-24% for $USDC, while also earning 4-7 times Huma points. As the leader in Payfi, I believe its staking activity is worth participating in, with the following participation tutorial attached.
1. Huma official website login
On the Huma deposit page, link your Solana wallet to see the deposit options as shown below.
2. Choose a plan
Choose the staking period you want, either 3 or 6 months, corresponding to different point multipliers and yields.
3. KYC
Before choosing high/basic level, you must complete the KYC process to ensure you are a real user. Choose individual user verification based on actual circumstances.
4. Choose a liquidity pool
Finally, choose whether to invest in a premium or basic liquidity pool, output the amount of $USDC you want to deposit, authorize, and deposit to complete.
Emerging project ambush: Bless
Bless is a computer resource sharing protocol that automatically links unused computer resources with tasks that need to be executed, helping users earn rewards, allowing Web3 applications to run and process work on a dedicated network.
Bless was established in 2022 during the seed round of financing, with a total financing of $8 million, led by NGC Ventures. After Grass, many users will focus on the Depin track. Compared to Grass, which only raised $4.5 million in its early two rounds, Bless will have more capital and resources for development. The official white paper states that 80% of tokens will be airdropped to node operators, with a very high airdrop ratio. Bless went online on the testnet on 11/13, and I believe it is a project worth ambushing, with the following interaction mining process attached.
1. First, install the Bless browser extension.
2. Register on the Bless official website using an email, and the plugin will run automatically.
3. As shown in the figure below, you can see the current operating status of the nodes on the Bless website, and multiple devices can be used.
Financing potential projects: Cytonic
Cytonic is a Layer1 blockchain established this year, aimed at integrating interactions among all blockchains and creating an open ecosystem for all technologies using its unique virtual machine technology. Cytonic recently raised $8.3 million led by Lattice Capital and Lemniscap, with a substantial initial financing amount. Cytonic just opened deposit interactions on 11/7, and it is still very early. Below, I will explain how to interact with Cytonic.
Cytonic financing background
Since Cytonic has just opened interactions, it is currently divided into 'deposit interactions' and 'task points'. Below I will explain each part separately.
1. Deposit interaction
After linking the wallet on the Cytonic official website, you can deposit assets from various chains to earn points. A deposit of $20 can earn 1 energy per week. When enough energy is accumulated, you can open treasure chests on the Chest page for airdrop points.
Additionally, depositing over $20 for the first time can earn an extra treasure chest. I recommend depositing at least this $20 as a low deposit.
2. Task points
In the Achievement page, as shown in the figure below, you can see many tasks. Completing these tasks can earn energy, which is the same as deposits for opening treasure chests. This part is also accessible for zero investment users. It is recommended to complete the tasks to maximize energy for opening treasure chests and gaining points.
Airdrop fortune inquiry
1. $XION
http://believe.xion.burnt.com/
Xion, also known as Burnt, is a Layer1 project that launched its testnet interactions at the beginning of this year. During this period, we continuously updated task progress in the DA group and finally announced this week that tokens will be issued and airdrop shares can be queried. This time, Xion completed the snapshot in mid-July, and 69% of the total $XION will be airdropped to participants. The airdrop range includes multiple ecosystems and communities, which can be queried in the link above.
2. $JK
https://airship.helius.dev/decompress
$JK is one of the tokens from the recent airdrop of the second generation Seeker on Solana. Unlike the last $HAPPY, this time it needs to be claimed manually. Each wallet can receive 3,888 $JK airdrop, currently valued at approximately $18.
$JK token address: JD8gUc2qfvmwxtttRviHSRZ4pbGKy5nha2vdEULwx3r5
3. $NS
https://claim.suins.io/
SuiNSDapp is the domain service of the Sui chain. This week, it airdropped $NS tokens to wallets holding domains and wallets that participated in Zealy tasks last year. This is considered an official project of Sui. Currently, $NS has been listed on various exchanges, with a minimum guarantee of 154 $NS (approximately $60).
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