Check out the results of the Ekubo airdrop, including details of the largest and smallest gains.
Ekubo
Expired
Progress mission: 0 of 5
Expired
Rewards
Reward Results
$120 $6,800
Details
Minimal cost
~$10
Time required
15 min.
Category
Mainnet
Rating
5/10
Risk
Medium
33.3% of the total supply of $EKUBO tokens is available for users to claim, based on the points they have earned. A user’s allocation is approximately proportional to their share of total points on the leaderboard, with the following adjustments: each user's points were exponentiated, and accounts with less than 1,000 points were excluded from the allocation.
The maximum amount a user could earn without a significant investment was around 1,700 tokens. For users ranked around 10,000 on the leaderboard, the minimum amount was 30 tokens.
During the first half-hour of the claim period, the token price was near the $4 mark, setting the maximum potential airdrop reward at $6,800 and the minimum at $120.
However, the price later plummeted to $1, significantly affecting the value of the airdrop for those who saw the announcement later. Early participants who were fortunate to be near their PCs when the announcement was made could earn up to four times more than those who were late.
Importantly, there is no deadline to claim the airdrop.
Pros & Cons
Why is it worth it?
Notable Support
Gained backing from Uniswap with a $12 million raise and involvement of former Uniswap team members.
Influential Following
Attracts significant attention from industry leaders, including LayerZero Labs and Paradigm founders.
Revenue Sharing Plan
Their documentation hints at distributing earnings to users, likely through a token system.
Early Involvement Opportunity
Transitioning from testnet to mainnet, offering a chance to be an early contributor.
Risks to consider
Lack of Transparency
Missing detailed information about tokenomics and the point system they're using.
How to participate?
- Provide Concentrated Liquidity: The key activity is to add your funds to a liquidity pool. This means you provide money that others can use for trading. In return, you earn fees from the pool's transactions.
- Earn Points Through Fees: The fees you earn from providing liquidity are converted into points. The more fees you collect, the more points you get. Aim to gather as many points as possible to rank in the top 1000 on the leaderboard.
- Withdraw Liquidity to See Points: To check how many points you've earned, you'll need to temporarily remove your funds from the liquidity pool.
- Choose Pools Wisely: Provide liquidity in pools with high trading volumes to earn more fees. However, be aware that this increases your risk of 'Impermanent Loss' (the loss you might face if the price of your deposited assets changes).
- Stable Coin Pools for Beginners: If you're new to providing liquidity, consider starting with stable coin pools. These pools have a lower risk of Impermanent Loss, but the fees earned are usually much lower. Ensure your position size is over $1,000.
- Engage with Social Media and Discord: Follow the project's social media and try to earn the 'OG' role on Discord by being active. Participation in these communities can be beneficial.
- Participate in Quest Campaigns: Join in any quest campaigns the project offers. These are activities or challenges that can offer additional rewards or recognition.