All the info for STARK(starknet) airdrop

In this article we are going to see all the info on how to turn out to be eligible for the future airdrop of Starknet and the STRK token.

What actions will we have to take in concrete terms to have a chance of getting the airdrop of this cryptocurrency?

All the details below.

What is Starknet (STRK)

Starknet is a permissionless layer 2 blockchain in which developers can create smart contracts with the Cairo programming language and distribute them across different decentralized applications.

This particular type of Ethereum sub-network uses Zero-Knowledge Rollup (ZK-Rollup) solutions that allow for increased transaction volume on the main layer without putting a burden on the network and with increased scalability.

At the beating heart of the project are off-chain computation proofs called STARK (Scalable, Transparent Argument of Knowledge): these allow the layer on which they are integrated to process large files through proofs of computational correctness that are validated in a few steps on the Ethereum blockchain.

More specifically, layer 2 solutions can batch thousands of transactions at a time, and verify their validity on-chain with a single STARK proof, leaving the heavier verification work off the blockchain.

In other words, by performing very few on-chain steps, the verifier asserts the integrity of a much larger calculation that was performed off-chain.

Fee costs are shared among all transactions in the batch, allowing users to use an infrastructure with low gas costs and a focus on privacy and network security.

At present, the chain appears to be largely centralized since Starknet’s sequencers are currently outsourced to Starkware, the company that invented the STARK technology. However, plans have been drawn up to decentralize the process in the near future.

Starknet is joined by Starkex, a sister scaling solution, which has different operational requirements and interoperability models, being more suitable for applications that have good autonomy and adapt to the APIs present in Stakex, unlike the former solution which is dedicated for protocols that have synchronization requirements with other projects and more complex needs.

There is currently no governance token for STARKNET, although there are several rumors about an airdrop of the STRK token, which could be given away to early adopters of the infrastructure.

ZK-type Layer 2 is currently live on the mainnet in Alpha version, waiting to complete the final work and integrations and land in Beta.

This project has raised about $282 million in funding with a total valuation of $8 billion. If there is ever an airdrop, this could be HUGE given the expectations and hype present throughout the ecosystem.

What to do to get Starknet airdrop (STARK): Bridge from Ethereum to Starknet, swap and provide liquidity on DEXs

Let’s start talking concretely about the actions to be taken to increase the chances of being eligible for airdrop.

It is important to note that all the info in this guide does not 100% guarantee that you will get airdrop: there are no specific guidelines that can make eligibility certain. 

The guidance that will be provided is from experience in these contexts and will presumably increase your chances of getting gift tokens.

That said, the first thing to do to try to win airdrop is to download an appropriate non-custodial wallet for the next actions we are going to take.

ArgentX and Braavos are both viable options for using the Starknet blockchain: Once you have downloaded the extension, open the wallet and save the key phrase in a safe place. 

Once that is done it is time to transfer the first funds to layer 2: This is mainly two ways to do this i.e. rely on a centralized exchange such as Binance or Coinbase or bridge tokens from the Ethereum Mainnet.

Since many exchanges do not yet support the Starknet, we will be forced to use a bridge for now.

By heading to Starkgate, and connecting your wallet initially, you can simply transfer ETH from the Ethereum blockchain to the Starknet blockchain. The expected gas fees are approximately $10 to $15 per transaction.

Be careful because to perform this step you will also need to be in possession of a Metamask wallet, from which you will send ETH from the Ethereum Mainnet.

Having passed the first task, you will now be able to perform the first swaps on the layer 2.

By going to 10kSwap we will be able to swap ETH on the Starknet blockchain, with other supported tokens, such as DAI, USDC, WBTC and USDT.

The more swaps that are made, the higher the volumes we are going to create and consequently the higher the chances of receiving the airdrop.

In parallel, it would also be a good idea to provide liquidity to the protocol so that other traders can take advantage of the tokens in the various liquidity pools to execute trades.

To do this, simply go to the “pool” item on the 10kswap platform, select one of the pools and add the required tokens with the “add liquidity” option (preferably in a 50/50 ratio). 

For example, if we want to provide liquidity for the ETH-DAI pool, it will be necessary to deposit both ETH and DAI. Remember to already have these cryptocurrencies in your wallet beforehand. 

By providing liquidity you will have directed to a guaranteed return from the fees that traders will pay to make swaps on the decentralized platform. 

At any time you can withdraw your funds by going to the “my pools” item and returning the LP token to the protocol, which is a token that will be given to you as proof of provided liquidity. Do not exchange it or transfer it to other users.

The longer liquidity is held on the platform, and the larger that countervalue is, the more likely you will be to get airdropped in large quantities.

Other actions to take to be eligible: social, NFT trading, and voting on Stargate’s DAO.

Token bridging, swaps, and being a liquidity provider are the most important actions to obtain Starknet airdrop and by themselves may be sufficient.

However, there are other actions to perform that could secure free STARK tokens.

First, it is important to join Starknet’s Discord server: you can do so via this invitation. 

By monitoring announcements made by the team on Discord, you can stay one step ahead of other users and find out about new features and integrations in a timely manner.

Next, it is good practice to make trades of NFTs and hold a few as proof of activity on the blockchain.

You can easily buy and sell NFTs belonging to a variety of collections on Mintsquare. 

Indicatively, the maximum amount you can spend on non-fungible tokens is around $50; spending more than that might just be a waste.

The operation of Mintsquare is very similar to other NFT marketplaces such as Opensea or Blur.

Finally, another way to increase the chances of receiving Starknet’s future STARK token airdrop is to become an active member in the governance of Stargate Finance.

To do this you will need to buy some STG tokens through Uniswap: the STG contract, i.e., the code that identifies the token is as follows: 

0xaf5191b0de278c7286d6c7cc6ab6bb8a73ba2cd6

Enter this code on the search bar that Uniswap provides you with so that you can find the correct token, thus avoiding running into scam versions.

Upon purchasing a small amount of STG (indicatively $20 to $30 is sufficient) we can stake it on Stargate, at this link.

Having completed this step it will be possible to vote on proposals made within Stargate governance, which you can find here.

Wait for a proposal to be issued by a user and vote according to your preferences.

Conclusions

In this article we have given an overview of all the recommended actions to increase your chances of receiving Starknet airdrop. 

To have a good chance of earning STRK tokens you need to REPEAT some of the steps we have listed on several occasions.

Doing the whole process once and forgetting about it is not the best strategy here.

What is advisable is to perform at least 2 or 3 bridging operations over 8 months or more, perform at least about 20 swaps on DEX spread over several days, and generally interact with multiple smart contracts from the various protocols that support the STARKNET network.

At the moment there are not a lot of protocols available, but the ecosystem is expanding and soon we will be able to rely on many of the best-known platforms in the industry.

To do this, it is recommended to use a wallet to be dedicated exclusively to these activities and to interact monthly with at least 4 or 5 smart contracts ( it is okay to always use the same ones although it is better to use different protocols among them).

It is not recommended to use the same wallet in which you hold your main assets to do airdrop hunting.

You can search this website for all the protocols available on Starknet in real time. 

Avoid searching the protocol name directly on search engines because there are many frauds out there. 

Always use the official links and directions that have been provided in this guide to operate safely without running the risk of interacting with malicious platforms.