The $ALTD airdrop has been concluded, check out the results!
Altitude
Expired
Progress mission: 0 of 6
Expired
Rewards
Reward Results
$44 $5,800
Details
Minimal cost
~$20
Time required
20 min.
Category
Mainnet
Rating
4/10
Risk
Medium
1.5% of the total supply was allocated for the Altitude airdrop, divided into 8 distributions. Users received the airdrop once per month for 8 months, with each distribution containing 150,000 ALTD. This meant that the airdrop was vested over 8 months.
Users were rewarded the below amount of tokens:
- Testnet Bronze Credential: 25.79 ALTD
- Testnet Silver Credential: 58.62 ALTD
- Testnet Gold Credential: 227.27 ALTD
- Alty Egg Credential: 337.84 ALTD (multiple eggs were counted)
- Climber NFT: 364.47 ALTD
- Horizon NFT: 750 ALTD
Holding multiple credentials gave users more ALTD tokens.
Based on the airdrop claim contract, the minimum amount of tokens users received was 260 ALTD, worth $44 at launch. The average maximum amount was 35,000 ALTD, worth $5,950.
Pros & Cons
Why is it worth it?
Confirmed Airdrops
The project has set aside 5 million $ALTD for airdrops, with a history of previous distributions and plans for more.
LayerZero Integration
Participating in Altitude DeFi's airdrop also contributes to LayerZero's airdrop, thanks to its foundational technology.
Revenue Sharing
Tokens earned enable holders to receive a share of Altitude DeFi's revenues.
Risks to consider
Limited Funding
Raised only $420k from the community, which is relatively small for sustaining further airdrops.
Minimal Activity
Low usage of the dApp could suggest a mismatch with market needs.
Unknown Founders
The anonymity of the founders adds an element of risk to participation.
Regulatory Uncertainty
Potential future regulations on DeFi protocols could pose risks to the project.
Token Launched
$ALTD is already in circulation, but additional airdrops could reduce its value.
How to participate?
- Increase Transactions on Platform: Use the platform regularly. This increases your number of transactions and the total amount you transact (volume). Higher transaction counts and volumes improve your chances of being eligible for future airdrops.
- Join Altitude Questing Campaigns: Altitude runs various questing campaigns. Participate in these and mint OATs (On-Chain Achievement Tokens) and NFTs (Non-Fungible Tokens) to show your active involvement.
- Stake $ALTD for Rewards: With $ALTD now available, you can 'stake' (lock up) your $ALTD tokens. This process can earn you more $ALTD rewards and might also boost your chances of receiving airdrops.