Participants were rewarded with up to $320 in NEXT tokens just for swaps and LP activities
Connext
Rewards
Reward Results
$1 $320
Details
Minimal cost
~$5
Time required
10 min.
Category
Mainnet
Rating
5/10
Risk
Medium
Connext is a project that has rewarded its early users for bridge, swaps, liquidity, ambassador programme and for helping with sybil filtering.
In total Connext airdrop has received 27,138 users and has claimed 33,335,466 NEXT tokens.
Minimum number of tokens that users received = 1 NEXT, which during listing and opening a full-fledged claim = $0.08. Maximum number of tokens that users received = 4000 NEXT (+ Bonus Points) = $320 (+ Bonuses)
Most Connext users received rewards for their use of the protocol, namely swaps, bridges and liquidity. The Connext team ran a special campaign to provide liquidity where the top 30% of holders received an additional NFT reward.
Snapshot was taken August 1, 2023 at 00:00 UTC, users started claim rewards at September 05, 2023 at 13:00 UTC in Arbitrum, Optimism, Polygon, and Gnosis Chain.
The Connext team also used the Hop strategy, running an Anti-Sybil campaign a few days before the tokens were listed. In exchange for helping the team find Sybils, Connext gave the assistant a portion of the tokens, removing them from the previous owner's possession.
In summary, Connext was a Tier 3 activity worth doing, not many people participated in the LP campaign (about 1,600 addresses were in the top 30%), not many people used the Connext bridge either, as less than 30,000 users were rewarded by the project. The cost of this activity was not high, a user had to spend $5-$10 to use the bridge a few times and add liquidity (additional $100-$500 to hold for a few days-weeks). The risk was medium, as liquidity-related activities for the project are always at risk of hacking. The average reward was 1,300 NEXT tokens, which after opening claim = $104. The highest reward was 4,000 NEXT tokens = $320.