The monitoring platform for crypto wallet Debank is about to launch an airdrop to the users of its ecosystem.
With an unexpected announcement, at the beginning of the week the well-known blockchain project presented an XP points program, which anticipates the launch of its own token.
Indicatively, the crypto DEBANK should arrive in Q3 2024, or at the latest by the end of the year. In this article, we see how to claim the points and prepare for the debut of the airdrop.
Debank launches XP points program in anticipation of the crypto airdrop launch
On July 8, the on-chain monitoring project Debank announced a crucial step towards the launch of its own crypto airdrop.
The platform, which allows viewing the balance and transaction history of wallet EVM, is about to distribute a governance token to its most loyal users.
After years of waiting for new details regarding the debut of this cryptocurrency, here comes Debank back in the game presenting an XP points program.
By now, the incentive campaigns for points have become a must among those projects that intend to launch an airdrop and need a structure to reward users according to certain rankings.
With a post on X, Debank declared that it performed a snapshot on July 4 2024: all active addresses on the tracking platform received XP points retroactively, which should entitle them to the DEBANK token airdrop.
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Ready to finally meet with your long-awaited DeBank XP? Let it witness your on-chain journey, and boost with DeBank!
Snapshot was taken at 0:00, July 4th (UTC+0). All active addresses have the chance to claim an initial XP airdrop. Check it now!
https://t.co/Gum7P9xJl2 pic.twitter.com/uyrK540bgY
— DeBank (@DeBankDeFi) July 8, 2024
According to reports, the criteria for being eligible have essentially been two:
have a portfolio balance greater than 0;
be active in 2024, having initiated at least one transaction in the current year.
It is therefore not essential to have registered on the Debank platform to obtain the minimum allocation. However, there are multipliers based on direct activity within the protocol.
In fact, the amount of XP airdropped to users is calculated based on three factors, namely “Assets”, “Credits” and “Web3 Social Ranking”.
Leaving aside the first factor that concerns the countervalue of the portfolio, the last two refer to specific social sections such as Hi, Stream, Web3 ID and more.
Already in June of last year we had talked about how to improve operations on Debank for the purpose of an airdrop hunt, citing some of these services offered by the platform.
How to claim the points accumulated on Debank
Let’s now see how to claim the points and prepare for the launch of the crypto airdrop of Debank. First of all, go to the official page of the platform through this link, and click on the button “Visit Debank to claim”.
By using the referral code provided in the link, you can get a 5% bonus on the XP points you will redeem.
You too can invite your friends and family to perform the same operation, earning a small boost on the allocation of the crypto airdrop.
Once you have logged in with your cryptographic wallet and confirmed the signing transactions, go to the “XP” section.
Here you will find the summary of the points accumulated within the categories Assets, Credits, and Web3 Social Ranking. To get an idea of your situation, you can view your ranking position compared to other users of Debank.
Click on “claim” and collect the XP points, without the need to initiate a transaction on the blockchain.
VERY IMPORTANT to remember that the claim is open only for 30 days, until 04/08/2024 at 00:00 UTC, so do not procrastinate too much!
If your allocation of points does not satisfy you and you want to accumulate more, in addition to participating in the referral program, you can complete some “Quest”.
Debank launched the “Quest” section at the end of June, inviting the community to interact with various tasks launched in collaboration with other cryptographic protocols.
The missions are accessible through verified official accounts and involve two types of actions, namely community actions and on-chain actions.
For each completed task, Debank offers the opportunity to win exclusive prizes: among these, one is definitely the increase in XP points.
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Introducing the new feature on DeBank, Quest.
By completing Quest posted by Official Accounts, users can interact deeply with the project's community or protocol, and have the opportunity to receive rewards from it.
Console: https://t.co/s9uuRIeOFB
Read on!
pic.twitter.com/dhhfhj03hT
— DeBank (@DeBankDeFi) June 21, 2024
How much could the DEBANK crypto airdrop be worth and when will it be launched?
Indicatively, the blockchain monitoring platform Debank could launch its own crypto airdrop in the coming months. The most likely period for a launch is Q3 2024, with possible delays remaining by the end of the year.
Already on August 4th, when the XP points claim expires, updates regarding an official date could arrive.
In any case, it is important to understand that there is no official news that can justify these rumors and these beliefs from the cryptographic community.
Furthermore, Debank is known for having prolonged an airdrop that, according to some experts, should have already been live for several months. It is not excluded, therefore, that the platform may wait directly until 2025 before making its entry into the digital token market.
As for the value of these XP and therefore the value of the airdrop of the crypto DEBANK, even here we do not have large data sets available.
Establishing what they might want to achieve with these points, without detailed information regarding the supply of the new token and allocation for the airdrop, remains very difficult.
At the moment, not even speculative pre-market markets are open where one can refer to the quotations established by the users themselves.
In any case, considering that Debank represents an important web3 platform and judging from the VC investments obtained, we can think that the launch will be profitable.
In total, the company is valued at 200 million dollars after the latest funding round of 25 million dollars, making it potentially a gem.
Likely the airdrop itself could be worth from a minimum of 100 dollars up to 1000 dollars and beyond for high net worth accounts.