The activity doesn’t take up much time to execute as is also budget friendly, as it can be done on Optimism which is a low cost chain.
Sound.xyz
Progress mission: 0 of 5
Rewards
Rewards
TBA
Past rewards
$500 $24,500
Details
Minimal cost
~$20
Time required
15 min.
Category
Mainnet
Rating
6/10
Risk
Low
Sound.xyz is attractive for several reasons. It's popular, with many users collecting an average of three songs each. The main activity is collecting songs, especially the ones that are collaborations like the one with Base. This increases your engagement and reward chances.
The platform has $25 million funding, led by a16z, known for backing projects with airdrops. Also, being followed by Fred from Paradigm on Twitter suggests potential support from key crypto figures. Sound.xyz is on Optimism and Base chains, with low fees, making it affordable.
But, there are concerns. The Sound.xyz team is relatively inexperienced, which might affect the project. Also, without a confirmed token, rewards are uncertain. Collecting songs is easy, but aim for at least three to match average users.
In summary, Sound.xyz has potential rewards, a lively community, and significant funding.
Pros & Cons
Why is it worth it?
Large Funding
Received $25 million, a substantial amount for projects of this kind.
a16z Leadership
Both funding rounds led by a16z, known for backing tokens with airdrops.
Notable Follower
Followed by Fred from Paradigm on Twitter, hinting at possible support or involvement.
Affordable Participation
Built on Optimism and Base chains, known for low transaction fees.
Risks to consider
Inexperienced Team
The team appears to lack extensive experience.
Unconfirmed Token
Without official confirmation of a token, efforts might be wasted.
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.
- Many Collectors on Sound.xyz: Dune Analytics reports that over 100,000 people collect songs on Sound.xyz, and they have collected 300,000 songs in total. To be above average you need to collect at least 4 songs.
- Focus on Collecting Songs: The main activity on Sound.xyz is collecting songs, especially those that are part of collaborations, like the ones with Base.
- Repeat Collections: To match the average user behavior, try to collect songs three times. This aligns with the typical number of song collections by users on Sound.xyz.
- Combine with Base: You can also link this activity with the Base opportunity, allowing for involvement on both opportunities.