Check out the results for that airdrop opportunity!
Altlayer
Rewards
Reward Results
$70 $56,000
Details
Minimal cost
Free
Time required
10 min.
Category
Testnet
Rating
7/10
Risk
Low
For ALT Airdrop Season One, Altlayer team reserved a total of 300,000,000 ALT Tokens (3% of the total supply) to be distributed across NFT Holders (OG Badge and Oh Ottie! collections), ‘Altitude’ campaign participants, EigenLayer restakers, EigenLayer ecosystem partners and Celestia stakers.
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NFTs: Since the launch of AltLayer, Altlayer team issued two NFT collections namely AltLayer OG Badge (130,000 ALT per One NFT) and Oh Ottie! Collection (31,000 ALT per One NFT). Addresses that own the NFTs at the snapshot time qualify for the airdrop. Users holding NFT earned between $10,200 and $43,000 if they sold all their tokens at the listing price of $0,33. After listing, the price went up.
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Altitude Campaign Participants: There were 4 Galxe campaigns. A wallet address had to engage with at least 1 on-chain transaction on the Ethereum mainnet besides participating in the AltLayer Altitude Campaigns for the past year to be qualified.
- EigenLayer Restakers: The number of ALT token airdropped to EigenLayer restakers is based on the five tiers of “Restaked Points” (as presented in the table below). Altlayer obtained Restaked Points data from the EigenLayer team, as well as Renzo, Ether.fi , and KelpDAO teams.
- EigenLayer Ecosystem Partners: Altlayer will also airdrop tokens to the EigenLayer team and their ecosystem partners as thanks for their continued support for Altlayer ‘Restaked Rollup’ services.
- Celestia Stakers and others: Due to technical differences in the claiming mechanism, Altlayer team would make the airdrop to TIA stakers available for claim at a later time post-listing.
Altlayer is an example of a project where you could earn in different ways: pass the testnet phases for free and get tokens for it, become an ambassador and get one of the two NFTs for free, which later rapidly increased in value and also gave access to huge rewards on the listing (for users with higher deposits there was also the possibility to buy NFTs on the market), get rewards from partner projects such as EigenLayer, Celestia. It is also important to note that all multipliers were added together - if a user fulfilled multiple criteria, they received tokens for each of these criteria.
The minimum amount earned without investment was 200 ALT, which was $70 on the listing. The maximum amount a user could earn, based on Dune's token analytics, was 1,291,752 ALT per wallet, which was equivalent to $426,300 at the time of listing. If the user was an active user of the Linity platform, they would have averaged 7,000 ALT, which was worth over $2,300 at the time of listing. But if the participant also took the risk of buying NFTs when they weren't so expensive, and realised the promise of EigenLayer from the early days, the user had a good chance of getting over 170,000 ALT, which at the listing price meant over $56,000.
Pros & Cons
Solid Funding
Secured significant investment in the seed round.
Binance Recognition
Honored as Most Valuable Builder in Binance's Season 6 Cohort.
Reward History
Risk-Free
Participating in activities doesn’t involve financial risk.
Uncertain Launch
Potential time spent on activities without assurance of rewards due to lack of launch hints.
How to participate?
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Complete the Testnet: The main activity is to participate in the testnet. This means getting test tokens and using them to try all the features available on the testnet. Testnet is a trial version used for testing purposes.
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Participate in Galxe Campaigns: Users have the opportunity to join in Galxe campaigns. These are special activities or challenges offered by the project.
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NFT Collections: The project has two NFT (Non-Fungible Token) collections. If you're considering buying NFTs from the market, be careful as their prices can change rapidly and unpredictably, which makes it risky.