Qualify for the $S Sonic airdrop by using dApps, providing liquidity, or delegating your $FTM tokens on the Opera network.
Sonic
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Rewards
Rewards
TBA
Past rewards
$1,100 $16,300
Details
Minimal cost
~$20
Minimum deposit
$500
Time required
30 min.
Category
Mainnet
Rating
7/10
Risk
Medium
Joining the Sonic airdrop could be a good idea. They’re giving away 190,000,000 $S tokens. We also know what you need to do to be eligible, making it a safer bet. You’ll need to use around $500 for liquidity provision, using dApps, or delegating tokens.
But note that Sonic is rebranding from Fantom. This means people might not be very excited to buy $S tokens when they come out.
Pros & Cons
Why is it worth it?
Substantial Reward Pool
The team confirmed that they will distribute 190,000,000 $S tokens to participants, which will be worth worth around $95M, considering the current price of the Fantom token.
Clear Eligibility Criteria
The team has made the eligibility criteria for Sonic very clear. To qualify, you need to provide liquidity, use dApps, and delegate $FTM tokens. This straightforward process makes it easier for you to know what you need to do to participate.
Risks to consider
Rebranding Limitations
Sonic is basically a rebrand of Fantom. This might not attract new buyers as much as a completely new project would. The rebranding could affect the token's performance after it gets listed, possibly limiting its market appeal.
Required Funds
You need to use around $500 to participate. This includes providing liquidity, delegating tokens, and using dApps.
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 maximise your chances of benefiting from this opportunity.
- Provide liquidity and use dApps: You need to use funds on decentralized apps on the Sonic chain. You will need around $500. You can withdraw this money after the airdrop or when you need it.
- Buy and delegate Fantom tokens: Purchase Fantom tokens and delegate them. This step carries some risk. The price of Fantom ($FTM) can drop after you buy it. Be cautious with this method.
- Use the Fantom multichain bridge: If you have used the Fantom multichain bridge before, you may get tokens. This is another way to qualify for the airdrop.
- Hold Liquid Staking Tokens (LST): Owning LSTs can also make you eligible for the airdrop. For now it is not yet specified if you will need to deposit them somewhere or if holding them in your wallet will be enough. Check if you have these tokens already.