Create your own Squad on Squads Protocol.
Squads Protocol
Progress mission: 0 of 2
Rewards
Rewards
TBA
Past rewards
$500 $24,500
Details
Minimal cost
~$10
Time required
15 min.
Category
Mainnet
Rating
6/10
Risk
Medium
Squads Protocol has raised over $12 million, suggesting they might offer an airdrop to users, though this isn't confirmed yet. The project is on the Solana blockchain, which has been gaining popularity in 2023 and 2024. This could increase the project's potential.
However, Squads Protocol is still in development, so nothing is certain. The best approach is to participate without expecting any rewards, as there are no guarantees made yet.
Pros & Cons
Why is it worth it?
Solana Innovation
Offers a user-friendly, secure approach to crypto asset management, including multisig wallets.
Strong Investment
Secured $12.2 million from notable investors like Multicoin Capital, indicating solid backing.
Token Potential
No current token, but with significant interest (18.1k Twitter followers), future prospects seem promising.
Risks to consider
Developmental Phase
Being in early development, there's a risk of unrewarded participation.
Vague Future Plans
Lack of clear roadmap, especially on tokenomics, makes project valuation challenging.
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.
- Create a Squad on Squads Protocol: Your first task is to create a 'Squad' in the Squads Protocol app. This is a group or team within the app.
- Interact Within Your Squad: Once you have a Squad, interact within it by sending, withdrawing, swapping crypto, or participating in staking pools. These activities involve managing and using your cryptocurrency in different ways.
- Repeat Interactions: Regularly repeat these interactions in your Squad. This makes your activity look natural and could make you eligible for a potential airdrop (free distribution of tokens).
- Invite Friends to Your Squad: Bringing friends into your Squad can make the experience more enjoyable. It also increases your chances of earning potential rewards as more people are engaging in activities within your Squad.