Feeling Anxious Again from Airdrops StepbyStep Guide to Ambushing Celebrities Project Monad

Authored by: TechFlow of Deep Tide
Recently, everyone’s mindset has been confused by airdrops, such as pizza, ionet, zksync, and so on. One airdrop after another keeps happening.
Although the witch hunts of many projects have resulted in a distribution of airdrops that is like exam results, with some happy and some sad, the wealth effect may not be as exaggerated as the previous round of airdrops. However, the stories of getting rich through airdrops continue to entice people.
If you are unsure of which project to get involved in, you may want to learn more about the leading figure in concurrent EVM narratives, Monad.
With a combination of hardcore technical background and massive funding, Monad, which has received bets from numerous top institutions, has attracted the attention of many in the market.
This article provides a quick overview of the various opportunities currently available in the Monad ecosystem.
Table of Contents
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Hardcore technology, but with meme attributes
Community activities + project interaction, various ways to participate in the Monad ecosystem
Join the community
Interact with ecosystem projects
Liquidity protocol Elixir
Decentralized exchange Swaap
Interact with collaborative projects
Conclusion
Monad is a high-performance Layer1 project that focuses on the concept of concurrent EVM, aiming to improve the Layer1 network and enhance the execution efficiency of EVM through parallel processing methods, thereby unlocking the potential of the EVM ecosystem.
The official whitepaper states that Monad achieves processing speeds of up to 10,000 TPS, comparable to Solana’s processing performance. It is also compatible with EVM, meaning that Ethereum smart contracts can easily migrate to run on Monad. Imagine a future where Solana and ETH merge.
Primary markets have already recognized the potential of Monad. In April, Monad Labs announced a $225 million funding round led by Paradigm, the largest cryptocurrency funding round so far this year, with a total funding of $244 million as of April 10.
Not only does Monad have hardcore technology and a strong funding background, but the official marketing style of Monad is also widely acclaimed.
The Monad community is very proactive about meme culture, with the official team often using various memes on Twitter for interaction. They also hold weekly community meme production activities, which, at first glance, might make Monad look like a memecoin, contrasting sharply with the hardcore technical narrative.
This relaxed and friendly marketing approach naturally receives positive responses from the community, with each of Monad’s tweets garnering a lot of interaction from community members.
High-performance narrative + massive funding with a star-studded background + an official team that knows how to engage, doesn’t it feel like something big is coming?
Currently, Monad is still in the non-public internal testing network phase and has not been widely opened to users yet. However, there are still many ways to participate in future airdrops from Monad through “curveball” methods.
Earlier, Wormhole airdropped its token $W to all members of the Monad Discord group during its TGE, indicating that being a member of the Monad community holds real value.
Monad welcomes positive discussions within the community and encourages community members to actively engage and participate in project development. Therefore, actively joining the community to participate in discussions is a good way to secure Monad token benefits.
Within the community, actively participating in discussions can earn you DC group status. The Monad community holds various activities weekly, such as AMAs on Twitter, community poker entertainment, and brainstorming.
The community also encourages users to introduce Monad to others in their own way, including but not limited to creating meme images and writing introduction articles.
Although Monad has not yet launched its mainnet, several projects have already settled in the Monad network. Interacting with ecosystem projects that have already been deployed is also an effective choice for the yet-to-be-launched mainnet.
Liquidity protocol
Elixir
Elixir is an on-chain order book liquidity enhancement protocol that, through integration with the Monad ecosystem, allows users to provide liquidity to various currency pairs locally. Elixir aims to bring a layer of permanent liquidity to Monad, benefiting the entire ecosystem.
Elixir is expected to release token airdrops in 2024Q3, and users can now participate in interaction by minting $EXLETH and providing liquidity.
Mint $EXLETH:
Visit
https://elixir.xyz/apothecary
Connect your wallet
Mint ELXETH
Deposit $ETH (at least $100 for rewards)
Claim the Elixir mystery box, and withdrawals can be made in August
Provide liquidity:
Go to the liquidity page of Elixir
https://agg.elixir.xyz
Connect your wallet
Click on the currency pair and provide liquidity
Decentralized exchange Swaap
Swaap Finance
adopts an AMM model that allows users to trade without the need for a traditional order book, combining oracle and dynamic spread mechanisms to provide more accurate market prices and automatically adjust spreads based on market conditions. By dynamically adjusting the asset allocation in the liquidity pool and trading fees, it provides sustainable returns for liquidity providers.
As SwaapV2 has not yet opened the Swap function, the current way to interact is simpler, with users able to deposit assets to add liquidity and earn rewards.
Add liquidity:
Go to
https://earn.swaap.finance/
Connect your wallet and select the corresponding assets to deposit
As mentioned earlier, Wormhole provided an airdrop allocation to the Monad community during its TGE, so Monad may also airdrop to the Wormhole community, especially now that Wormhole has initiated token staking for $W, providing another possibility for a Monad airdrop. You can now participate in the Wormhole ecosystem to potentially receive a Monad airdrop.
Stake $W
Go to the Wormhole staking page
https://tally.xyz/gov/wormhole
Connect your wallet and choose to stake
Select a node for staking
Use Wormhole for cross-chain transactions
Go to
https://portalbridge.com/
Connect your wallet to use Wormhole for cross-chain transactions
*Cross-chain interaction is primarily focused on $W staking
The strong background and active community indicate that Monad is not an empty project waiting for freebies. Once the official testnet goes live, it will undoubtedly attract a lot of attention from the community.
For individual players, taking advantage of the current situation and participating in the Monad ecosystem early can be a good way to alleviate airdrop anxiety and potentially earn high returns.
PS: This article does not constitute investment advice. Project interactions involve risks, so it is recommended to use a new wallet address for project interactions.
This article is authorized for reprint by Deep Tide TechFlow