Participate in the Karak Airdrop Opportunity to be eligible for potential rewards.
Karak
Progress mission: 0 of 5
Rewards
Rewards
TBA
Past rewards
$1,700 $9,600
Details
Minimal cost
~$20
Minimum deposit
$800
Time required
15 min.
Category
Mainnet
Rating
6/10
Risk
Medium
Karak is a universal restaking platform that uses assets like Ethereum and stablecoins to enhance security for blockchain networks. Its main advantages include a highly experienced team, strong funding from major investors like Coinbase, and a points system hinting at potential airdrops.
However, it requires a high entry investment of over $800, locks funds without a fixed release date, and carries a hacking risk. Participants are advised to engage actively in Karak’s community and marketing campaigns to maximize their chances of earning rewards.
Pros & Cons
Why is it worth it?
Experienced Team
Founders have experience from Coinbase, a leading crypto exchange.
Strong Funding
Raised $48 million from prominent investors including Coinbase.
Small Userbase
As of May 2024, the user base is small, increasing the potential rewards per user due to less competition.
Points System
A points system is in place, typically indicating a possible future airdrop.
Risks to consider
High Entry Requirement
Participation requires depositing over $800 in ETH, the more you deposit, the higher your chances for an airdrop.
Frozen Funds
Deposited funds will be locked without a set release date; withdrawals take about 14 days post-unlock.
Hack Risk
There's a chance the project could be hacked, risking loss of funds.
Unclear Team Reputation
According to the article, the shutdown of the previous project connected to the Terra (UST) ecosystem was not transparent.
How to participate?
Every opportunity has its own rules. Following these closely can significantly increase your chances of qualifying for rewards. Here’s a list of recommendations from our team to help maximize your chances of benefiting from this opportunity.
- Stake Your Assets: To start, you need to deposit at least $800 into the Karak protocol. This is your main task. The more money you put in, the more experience points (XP) you earn. More XP means a higher chance of getting the airdrop.
- One-Time Activity: Remember, you only need to do this once. After you deposit your assets with Karak, you don’t have to repeat the deposit. This makes it simpler because you handle it just once.
- Engage in Marketing Campaigns: Besides staking, you can join in marketing events like Zealy or Galxe quests. These are extra activities that can increase your visibility and chances of earning more rewards.
- Stay Active on Discord: Be active in the Karak project’s official Discord channel. Sometimes, projects give airdrops to members who are very involved. Being active can be as simple as chatting and participating in discussions.