Venom Foundation Airdrop: Double Your Rewards WITH THIS!
Boxmining
almost 2 years ago
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Executive Summary
Get ready for a potentially massive airdrop opportunity with Venom Foundation, a project that everyone should be looking into to get early rewards at absolutely no cost. Its testnet launched a couple of months ago, and you can complete tasks to mint NFTs, which is a lot like how the Aptos airdrop worked last year, where users who minted an Aptos Zero testnet NFT received up to $10,000 in airdrops. What's even more exciting is that Venom's whitepaper states 22% of their initial token supply is earmarked for the community, essentially confirming an airdrop is on the horizon.
Here's a breakdown of what you need to know and do:
Why Venom Foundation is a Big Deal:
- It's one of the first blockchain infrastructures to be licensed by the Abu Dhabi Global Market (ADGM), making it a highly regulated project with major plans.
- The foundation has committed an astounding $1 billion in funding to onboard Web3 projects and services onto its network, indicating they want wide adoption and are willing to invest heavily in it.
- This massive investment signals that they are likely to reward loyal users generously, especially considering it's backed by Abu Dhabi's substantial wealth fund.
The "Secret Trick" for Maximizing Airdrop Rewards:
- Since connecting a Twitter account is a requirement to set up a Venom wallet and claim testnet tokens, you can potentially create multiple Venom wallets by using multiple Twitter accounts.
- This strategy could allow you to complete all tasks and mint NFTs on each wallet, theoretically multiplying your airdrop rewards significantly – imagine a 10x increase if you manage 10 wallets!
- While "airdrop farming" with multiple wallets can sometimes be frowned upon for diluting the rewards pool, it has proven effective for past airdrops like Arbitrum. However, if you prefer to play it safe, stick to using just one wallet.
Getting Started with the Venom Testnet:
- Head over to venom.network, which is the hub for all testnet activities.
- You'll need a new Venom wallet because Venom operates on its own virtual machine, not an EVM (Ethereum Virtual Machine) chain. You can download the wallet from the App Store, Google Play, or as a Chrome extension (remember to pin it for easy access).
- Once your wallet is set up, you'll be redirected to venom.network/task. Before you can claim testnet tokens or start tasks, you must connect your Twitter account to your Venom wallet.
- Upon connecting, you'll automatically receive 50 testnet Venom tokens.
Acquiring More Testnet Venom Tokens (Faucet):
- To get more testnet Venom, visit gettestnetvenom.com.
- You can complete simple social tasks, like logging in with your Discord account and joining the Discord channels of various projects, to claim tokens.
- Additionally, you can claim five testnet Venom tokens daily by completing a straightforward quiz.
- It's important to accumulate plenty of testnet Venom tokens, as you'll need them to interact with a wide array of dApps (decentralized applications) and explore more options within the ecosystem.
Completing Tasks and Minting NFTs:
- Navigate to the "Earn NFTs achievements" section on the task page (venom.network/task).
- You'll see a list of projects under "Explore the Venom ecosystem," each indicating how many tasks are required to mint its specific NFT.
- The process is user-friendly: simply complete the listed actions for each project.
- Pro-Tip for Enhanced Engagement: While the basic steps will get you the NFT, it's beneficial to interact with dApps more deeply to demonstrate genuine engagement. For example, on Web3.World (a DEX):
- Beyond just swapping tokens (like Venom for wrapped Venom or USDT), delve into providing liquidity and yield farming.
- By depositing LP (liquidity provider) tokens into farming pools, you can earn Web3.World's native token. This suggests that regular interaction could qualify you for an additional airdrop from Web3.World itself, effectively doubling your potential rewards.
- Other tasks are often straightforward, some only requiring you to follow social media channels.
- For NFT marketplaces like Oasis Gallery and NUMI, simply buy an NFT directly using your testnet tokens—there's no need to make offers or bargain.
- NUMI Specifics: NUMI is a new addition to the ecosystem. If you created your wallet before this month, you might have already received a NUMI token airdrop. If not, you can easily swap your Venom testnet tokens for NUMI tokens on Web3.World.
Tracking Your Progress:
- All the NFTs you've minted will be visible on the main task page and within your Venom wallet.
- The more NFTs you collect, the higher your chances are of receiving greater airdrop rewards.
The Venom testnet is still in its early stages, with many more projects yet to launch. By consistently completing tasks and collecting NFTs, you're positioning yourself for what could be a very significant airdrop from a project that looks incredibly promising.
Transcript
Transcript
All right, if there's one project that you want to get in early to get massive airdrop rewards and absolutely no cost, it has to be Venom Foundation. Its testnet was launched two months ago and there are tasks that you can complete to mint NFTs. This is very similar to the Aptos airdrop model last year where users who minted an Aptos Zero testnet NFT got up to $10,000 in airdrops. And according to Venom's white paper, 22% of the initial token supply will be allocated to the community, which basically means airdrops. And if you think about it, Venom Foundation is licensed by the Abu Dhabi global market. All right, so they're one of the first blockchain infrastructures that are regulated by big financial authorities. So that means that they have very big plans. All right, they want as many people using their network as possible. And I mean, if they allocated $1 billion in funding to onboard Web3 projects and services onto their network, then they're certainly going to give away a lot of money to loyal users as well. And this is Abu Dhabi money we're talking about. All right, $1 billion is nothing compared to their trillion dollar wealth fund. So in this video, we will show you how to complete these tasks to mint the NFTs, as well as a secret trick that I found where you could potentially double your airdrop rewards. Now, this video is not sponsored by Venom Foundation, but it is sponsored by Bybit. Bybit is a top cryptocurrency exchange with the most volume in derivatives trading, which is pretty insane if you want to get in on that crypto action. If you want to join the Bybit exchange, sign up with our link down below and you'll automatically get 20 USDT in your derivatives account. But it's only for the first 100 people. So what are you waiting for? All right, to get started, head on over to Venom.network. We'll put all the links down in the description. Don't worry. So this is the testnet of Venom blockchain. So all of the actions will happen right here. Now, because Venom is not an EVM chain, it has its own virtual machine, you'll need to create a new Venom wallet. So you can download them at App Store, Google Play, or if you're using Google Chrome like myself, you can install the extension. And remember to pin your Venom wallet here at the top right. Now, once you've set up your Venom wallet, it should redirect you to this page right here, Venom.network slash task. And before you're able to claim Venom testnet tokens and start completing those tasks, you need to connect your Twitter account to your Venom wallet. All right, now here's the secret trick. Because you need a Twitter account to make a Venom wallet, you can potentially make multiple Venom wallets as long as you have multiple Twitter accounts. Imagine if you have 10 Venom wallets and you've completed all of the tasks on all those wallets and you get all of those NFTs. You can 10x your airdrop rewards, which is insane. Now, airdrop farming with multiple wallets is usually frowned upon because you're basically diluting the rewards pool. But, you know, airdrop at the end of the day is a very competitive game. And if it worked for me for Arbitrum, then it should work for me here in Venom Foundation. Now, I don't know if Venom Foundation will allow this, but if you want to be safe, just stick to using one wallet. All right, once your wallet is set up, you will have 50 testnet Venom tokens in your Venom wallet. But if you want more, you can head on over to the faucet page here at gettestnetvenom.com. You scroll down and you will see these very easy social tasks. And all you have to do is just log in with your Discord account and connect with all of the Discord channels of these projects. And you can also claim five testnet Venom tokens just by completing a simple quiz every day. And it's important that you rack up on these testnet Venom tokens because there's going to be a lot of dApps to play around with. And the more testnet Venom tokens you have, the more options you will have. So once you have enough Venom tokens in your wallet, you can head on over to the task page here at earn NFTs achievements. So you will see all of the tasks. Oh, okay. So I've already completed mine. This is my main wallet. So you will be able to see the NFTs after completing those tasks. So for the sake of this video, I will use another wallet. Okay. So it should look like this. Under the Explore the Venom ecosystem, you'll be able to see all of the projects that you can interact with. And it's very user friendly too, because it shows you how many tasks that you have to complete in order to mint the NFT. So let's take this one for example, Web3 World. It will show you the actions that you have to do in order to mint the NFT. Okay. So it's very straightforward, right? You just have to complete the tasks in order to get the NFT. But because some of these dApps can interact with each other, we have made a full step-by-step guide on box mining, showing you a shortcut to completing these tasks much faster. And we've also included some tasks here that are not required to mint the NFT, but we feel like these are also very important steps to show Venom Foundation that you're actually engaging with the protocols. So this dApp in particular, Web3.world has more than what the steps tell you to do. So the steps just tells you to join your telegram and then swap tokens. But because this is a DEX, there's actually more to do. So in our article, step six and step seven, you can provide liquidity and start yield farming on Web3.world. So you go to liquidity providing, you scroll down and see which token pairs that you want to open a position in. So for example, if you want to open a position for USDT and wrap Venom, you go back to swap and here select wrap Venom. Enter any amount you want. I'll put 10 and start wrapping. And do the same for USDT as well. Now, once you have both of those tokens, you can open a position. So usually you'd want to max out the left one so that the right one is balanced. It does it for you automatically here. Now it says that I need 11.8 wrap Venom and I only have 10. So if that happens, just go back to swap and get more wrap Venom. So once you have your USDT wrap Venom LP token, you can head on over to the farming page and deposit your LP tokens here to earn the Web3.world token. So the fact that this DEX has its own native token suggests that if you interact with this protocol regularly, it's very likely that you will also get an airdrop from Web3.world, which is going to be very big. You're going to be doubling your airdrop rewards. And for the other task, it's very straightforward. Some of them even just involves following their social media channels in order to mint the NFT. And for the NFT marketplaces like Oasis Gallery and NUMI, you just have to buy an NFT. You don't have to make any offer because it's testnet tokens. What's the use bargaining for an NFT with testnet tokens? So just buy them directly and you will have completed those tasks. Now I want to draw your attention to NUMI. This is the most recent edition. They will be adding more projects here at the coming soon part if you scroll down. Now NUMI is new. All right. So if you've made a wallet before this month, you will have received a NUMI token airdrop in your wallet. So I'll go back to my main account. You'll see it here. But if you don't have any NUMI tokens, you can just go to Web3.world and swap your Venom testnet tokens for NUMI tokens. And once you've completed all of the tasks, you will see all of your NFTs here in the main page. You can also see them in your Venom wallet right here. Open this up and you will see all of the NFTs for the tasks that you've complete for that specific project. So right now we are still very early. There's a ton of project that haven't launched on Venom testnet yet. So be sure to keep an eye on those projects, complete those tasks and you'll be able to mint those NFTs. And it's very likely that the more NFTs you have, the more airdrop rewards you will receive. And I'm very bullish about Venom Foundation. And that concludes our guide for today. I hope you guys find it very helpful. Be sure to check out our step-by-step guide in our box mining article. If you have any questions, feel free to leave a comment. We are very happy to help you. And also check out our airdrop playlist so you don't miss out on those money-making opportunities. My name is airdrop Ron. Shana-nan!