January 26

Analyzing the market: potential airdrops

In this article, we'll share tips and tricks, as well as what our team has been doing to prepare for the upcoming airdrops.

Contents:

  • Aevo DEX: perspectives from the creators of Ribbon Finance
  • Hyperliquid: the leader among DEX platforms
  • Aleo: app building and absolute privacy

Aevo DEX: perspectives from the creators of Ribbon Finance

On decentralized exchanges two individuals interact directly with each other, without intermediation by a third party. The popularity of such solutions is growing due to high standards of privacy and security.

πŸ”₯ AEVO is one of these exchanges and its creators are the developers of Ribbon Finance

In May 2021, 30M tokens were distributed between the users of the Ribbon protocol. On average, each received $20,000 (read more about this case here).

πŸ‘‰ Here are some more arguments in favor of AEVO's potential

  1. AEVO investors are tier-1 foundations such as Paradigm, Coinbase and DragonFly;

2. The project tokenomics says "Up to 16% of $AEVO will be allocated for incentives, including Airdrop".

This is why the upcoming allocation will be successful.

πŸ’Έ AEVO is expected to drop ~$12M

The snapshot hasn't happend yet, but the project is going to be released at the end of January, so you should hurry up to do the following activities:

  1. Go to AEVO and make a deposit from $100;
  2. The next step is to build up your trading volume to $10,000 within 10 days. Open and close trades from time to time to keep the account active;
  3. Join Discord and fill in the form to get a role.
Don't forget to chat with others.In our Telegram channel, we previously reported how 5,000,000 tokens were distributed to Discord Ribbon members who sent >5 messages.

Hyperliquid: the leader among DEX platforms

Due to its unique advantages, the popularity of the project is growing.

πŸ… Advantages

  1. The exchange runs on its own L1 blockchain and supports 20,000 transactions per second. According to DefiLlama, the platform is the leader in its segment by all measures;

2. In comparison with other exchanges, Hyperliquid has a great and user-friendly interface. We've noticed that in some private chats people rate it pretty high;

3. The exchange has a score system. Points can be given for trading volume, clicks on your referral link, and even for unprofitable trades.

The more points a user collects, the higher his level and the more privileges he gets.

πŸͺ™ According to the documents the release of the native token has already been confirmed

Although the developers haven't yet announced airdrop, but we can assume that the number of points will be directly related to the amount of rewards.

❓ What is the strategy

In this field, it is more effective to take some action than to do nothing. That's why we offer you the following algorithm:

  1. Find a sure bet in parallel with AEVO;
  2. For example, create a short position for X Ether on Hyperliquid with a leverage of 3, and create a long position on Aevo for an equivalent amount of money with the same leverage.
πŸ‘‰ In this case, you will only have to pay for commissions without losing a large amount of funds.

As the result: we will increase trading volume on both exchanges at once, which will soon allocate generous rewards among active users. Read about Aevo's prospects here.

Aleo: app building and absolute privacy

Aleo is a layer 1 blockchain that offers users and app developers absolute anonymity as well as unlimited computing power.

πŸ“Œ $300M of investment has been raised since 2021

Venture capital funds are aware of Aleo's potential and trust the project. The investors are Coinbase, Polychain, Galaxy, a61z and others (read more here).

❓ What activities you should complete to guarantee yourself a reward

Currently, the smartest option is to work with Testnet. You don't need to invest, you can just get test coins and use them in decentralized applications. So, it's the best choice in terms of risk/reward ratio.

ℹ️ Algorithm of actions

  1. Install Leo wallet;
  2. Then copy your address and add it to the greenlist;
  3. After that in Aleo discord in the faucet thread write the following command: "/sendcredits [your address] [number of credits]". You can get 15 tokens once a day.If you didn't receive them, try again. The wait usually takes about an hour.

πŸ‘¨β€πŸ’» Activities in dapps

  1. AleoSwap, Arcane Finance, Privx. Do swaps, add liquidity and create your own token;
  2. ShadowFinance. Join the waiting list;
  3. Izar Bridge. Bridge tokens from any test network to Aleo;
  4. AleoNames. Register a domain;
  5. AleoStore. Create and mint NFT.

It is important to understand that during the bull market phase, many solutions start growing quickly. If you already have accounts with all completed activities among such tops as LayerZero, zkSync, Starknet and others, now is the best time to pay attention to the second and third tier protocols.