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πŸ’₯ 4 x1 Airdrops πŸ’₯ Botanix Labs - Bitzy - Rover and Arch Swap πŸš€

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Crypto Currency State

3 months ago

Score: 490

The summaries and transcripts on this page are generated with AI technology and may not perfectly represent the content of the video. Please use the information as a guide only.

Executive Summary

Okay, here’s a breakdown of the video about these Bitcoin DeFi airdrop opportunities on Botanix Labs.

This video dives into the Botanix Labs ecosystem, which is building a layer-2 solution to bring EVM-compatible smart contracts and DeFi to Bitcoin's robust security. It highlights four specific projects within this ecosystem – Botanix Labs itself, Arch Finance (Arch Swap), BitC App, and Rover Staking – all offering potential free airdrops through testnet participation and community engagement.

Here are the key topics and details covered:

  • Botanix Labs Overview:

    • Botanix Labs is creating the first decentralized EVM-equivalent layer-2 on Bitcoin. This is a big deal because it aims to combine the ease of use and versatility of EVM (like Ethereum) with the security and decentralization of Bitcoin.
    • It uses Bitcoin's proof-of-work as its base layer but employs a proof-of-stake consensus model on its "spider chain" layer-2.
    • The cool part about the spider chain is that users can stake their actual Bitcoin directly on the Bitcoin chain, potentially earning yield right there. This technology is really interesting and something worth exploring.
    • The project has secured almost $2 million in funding, which is a good sign and confirms it's a significant project in the DeFi narrative, especially for a Bitcoin-based solution.
    • You should definitely follow Botanix Labs on X (formerly Twitter) and join their Discord to stay updated and chat with others in the ecosystem.
    • To participate in the Botanix Labs testnet, you need to follow their documentation or a step-by-step guide (like the presenter's previous video). This involves setting up a wallet, getting free testnet funds (faucet tokens), and doing basic transactions.
    • It's also highly recommended to follow key community members like Dieter Martin on X, as they constantly post updates about the entire Botanix ecosystem and related airdrop opportunities. This is a smart move to keep track of everything.
  • Arch Finance (Arch Swap) Airdrop:

    • Arch Finance is a modular decentralized exchange (DX) running on Botanix Labs' spider chain.
    • A really exciting detail is that Arch is allocating 50% of its total token supply to the community. While it's unlikely all of that is for the initial airdrop, it suggests there's a big potential airdrop opportunity coming at some point, which is super promising.
    • The Arch testnet is live, offering features like token swaps and liquidity pools.
    • To get in on the airdrop potential, you should use the Arch testnet to swap tokens and ideally add liquidity to pools. Remember, it's all free using the testnet faucet tokens.
    • There's also an important quest campaign with Algebra Protocol and ArchSwap. You need to complete easy social and testnet tasks to claim an NFT. This NFT is likely a key factor for future airdrops on the BTC ecosystem.
    • There was a deadline of April 2nd for one specific campaign mentioned, but don't worry if you missed that one; they usually have more coming. Just follow their accounts and complete any active quests you find.
  • BitC App Airdrop:

    • BitC App is another decentralized exchange built on Bitcoin, specifically using Botanix Labs. It lets you instantly trade or create Bitcoin assets.
    • They have a point system active on their testnet, which is likely how airdrop eligibility will be tracked. This means the more you interact, the more points you'll probably earn.
    • To participate, go to the BitC website and enter their testnet environment. You should swap tokens and check out the other sections like the portfolio and dashboard to find the point system. Creating tokens might also be a good interaction.
    • Since their mainnet is coming soon, it's a good time to act now on the testnet.
    • There's an "Interact quest" campaign specifically for BitC and Botanix Labs. Completing tasks in this campaign earns you a unique NFT, which is another potential marker for airdrops. These tasks are usually a mix of social media actions and testnet swaps (like swapping testnet BTC for testnet USDT), making it very easy to do.
  • Rover Staking Airdrop:

    • Rover Staking is a liquid staking protocol for BTC, also built on Botanix Labs' Spider Chain. Liquid staking generally means you can stake an asset (like BTC) and receive a derivative token (like rBTC) that you can then use in other DeFi protocols while your original BTC is staked.
    • The main way to participate for the airdrop is to use their testnet. The process is straightforward: connect your wallet and stake your testnet Bitcoin.
    • Like BitC, Rover has a point system tied to a leaderboard. The more testnet Bitcoin you stake, the more points you accumulate, increasing your rank on the leaderboard. This is the primary way to scale up your potential airdrop allocation here.
    • You can get the necessary testnet tokens from the Botanix Labs faucet, so participating is completely free.
    • Keep an eye on their website and social media for launch announcements, as the protocol is set to go live soon.
  • Overall Airdrop Farming Strategy:

    • All these projects (Botanix Labs testnet interactions, Arch Finance, BitC App, and Rover Staking) have active airdrops. They are all interconnected within the Botanix Labs ecosystem.
    • The key takeaway is that participation is free on the testnets, making them attractive potential airdrops with no financial risk (beyond time investment).
    • It's highly recommended to join a dedicated airdrop community (like the presenter's Discord/application) to get timely "alpha" and stay updated on all these opportunities and more, as information moves fast.

Transcript

Hi Crypto Fans, welcome to CCS Cryptocurrency State. My name is Santiago and in today's video we are going to cover again the Botanics Labs ecosystem. We have like three or four airdrops around this ecosystem and we are going to cover everything in detail. This is the Botanics Labs update, also BitZ, Rover and ArtSwap. They have active airdrops, so we are going to cover all that. Let's go directly to the content. Guys, in February I covered the Botanics Labs in detail, so if you want to know more about that you can join this video on my website and on YouTube. By basically, Botanics Labs is building the first decentralized EBM equivalent layer 2 on Bitcoin, where the ease and versatility of EBM meets the decentralization and security of Bitcoin. Labyrinthing Bitcoin's proof of work as a layer 1 for base settlement and decentralization, Botanics will use a proof of stake consensus model where the stakes, represented by Bitcoin, are securely stored on the spider chain, a distributed network of decentralized multi-sign software by a randomized subset of participants. Anyone will be able to stake their Bitcoin on Bitcoin. In my previous video I covered this in detail. It's a very interesting technology and we are talking about smart contracts on Bitcoin but also getting yield on your Bitcoin on Bitcoin chain. Important points about Botanics, I already mentioned the founder, he's a legend on the crypto space. You can go and follow him on the X account. The project funding, 2 million, almost 2 million. You can confirm that at CryptoRank and it's important because it's DeFi narrative and this is a DeFi layer compatible EBM. So important points to follow this, go, join, follow Botanics Labs, join the Discord, we are there always chatting about all the different things on the ecosystem. In CryptoRank, you can confirm the funding and to participate on the testnet is the first point. Here is the documentation, all the details you will find in my previous video but here following this guide you will find everything that you need from setting up your wallet, getting the test funds, sending transactions and using all the different dia. Again, if you want step by step, follow my previous video. The links are also in the description. And if you want more community regarding Botanics Labs, join the Community X account. You can go here and click join and you will be up to date with everything on the Botanics ecosystem. So the step two is join and follow the step by step on my previous video. Here is the link. And point three, followed Teter Martian in X for all the news about the Botanics ecosystem. He is also in the tweet of the X community of Botanics Labs. So we are there hanging out on this ecosystem and follow them all the airdrops on the project. So the first one of the video regarding this is Arch Finance. I covered it also in the previous video. But one important thing about ARK is that they are giving 50% of the tokens to the community and you can confirm here from a post of their official ARK account. So the testnet is live and besides amazing futures that the project is have, you can see that ARK is giving more than 50% of the token to the community. Of course, we don't have confirmation that all that goes for the first airdrop, probably not, but we can expect a big airdrop from the project at some point. The point two is that you need to complete this quest of Algebra Protocol and ARKSwap. This was posted on the official Algebra DX. There is a new campaign so you can complete this easy task and claim an NFT for future airdrops on BTC. ARKSwap, a modular DX powered by Algebra Integral on Botanics Labs' spider chain. It's live on testnet with many coming soon. So go to the link, you will need to complete this. Remember you have time until April 2nd to this one, but it's going to be more, of course. So if you miss this one, don't worry. But for now you can go follow the accounts on Twitter, retweet this and you will be set to get this NFT. It's super, super easy to do. And finally for ARK Finance, use the ARK testnet. Here is the link. I covered it in my previous video. But basically when you get the faucet tokens from the Botanics Lab testnet, you will be able to trade here swap tokens. Also you can enter into liquidity pools and you have here the faucet for botanics directly. Remember that all these applications run on the Botanics Testnet so you don't really need to pay any money. It's everything free with the faucet token. So that is for the ARK Finance airdrop. The next one is BitC App. This is a decentralized exchange for Bitcoin built on Bitcoin. Instantly trade or create Bitcoin assets powered by Botanics Labs. They have a point system. So we want to participate on that. You can follow BitC here. The testnet is active. Like you can see 26.4k followers. Information in the hexa coin, of course. When you go to the application, you need to click here and enter to the testnet. But also you can create the token. So I would recommend you to do that if you want to fully participate on this. You have some guides here if you have doubts and the link tree for more information and links. Of course, you can explore the website and everything. After you do that, click here and enter into the testnet. So once you are here, you can swap, check the other sections in portfolio. And also you have the point system here on the dashboard. And like you can see, the mainnet is coming soon. So take action right now on BitC because we are in testnet phase yet. And the point three for BitC is that you need to complete an interact quest from BitC Botanics. Here from the tweet of Dieter Martin, I recommend you to follow him if you want to be up to date with all the botanics ecosystem. He's following all the different projects and posting about that. So you can earn your unique NFT while discovering the future of Bitcoin with the power of spider chain. This is the third campaign with BitC app and there's 10 days left. So click here on the link, you will be sent here to the interact page. Of course, you need to sign in and complete this easy task. One of them, of course, is swap on the testnet BTC into USDT and the others are social stuff. So it's very, very easy to do. Complete this and get this NFT from the BitC Botanics Labs Interact quest. So we cover how to participate on Botanics Lab Testnet. We cover Arch Finance, BitC app. And finally guys, this is Robert Staking. This is another protocol on the spider chain of Botanics. This is a liquid staking for BTC built on Botanics Labs Spider Chain. So basically what you need to do is use the testnet. So step one, use the testnet. Here you have the link. First of all, check on their ex account, 22.9k followers. You can join the discord to follow more about Robert. But when you go to the testnet account, you can see connect your wallet and you basically need to stake. It's really straightforward. You can see you have your stake section, leaderboard, ecosystem, how to learn. It's going to be launched soon and you have more information about the protocol itself. So when you click on stake now, you will be able to connect your wallet and stake your Bitcoin. Here in the leaderboard, you can see the point system. So as much as you stake, you are going to receive more points. And basically, that is the point two, which is stake as much as you can. You can get the testnet tokens from the faucet on Botanics Labs. And that will be all guys. You will be scaling up on the leaderboard on Robert. This is liquid staking on the Botanics Labs ecosystem. And that is a wrap for this video. Remember, all these are active air drops, Robert, BTC, Arch Finance and all the ecosystem on Botanics Labs. You can see more about this ecosystem on the official channels of Botanics, the Discord, for example. And if you want more alpha or all these air drops and more, I recommend you to join an airdrop community like ours. This is my subscription page. Here you will find all the information to join to my Discord and or to my application. You can join both. That is the best combo for you. It's very easy to do and super cheap. We are keeping for now the prices of the 2024. So this is really, really cheap guys. You can pay monthly or cheaper if you pay the annual subscription. So you are in my Discord with my application. You can chat with me, with Boris and many other air drop hunters. The community keeps growing. So I hope to see you there. And here you have a video on how my application works. Hope to see you in my private Discord. That would be all for this video. Remember, before we leave, like the video, subscribe to the channel, click the bell to get the notifications. I have been super, super active on my Twitter account. So if you want more alpha live about Eclipse, about Monand, about Hyperlane, about many other airdrop things that are happening, follow me at Crypto Seastate. It's appearing right now on the X account. Crypto Seastate, follow me there. That would be all and I will see you in the next one. Bye. Good night. What are you having my Q-2 engine? I am SO equals 1 URL.

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Duration8:51
πŸ’₯ 4 x1 Airdrops πŸ’₯ Botanix Labs - Bitzy - Rover and Arch Swap πŸš€ | YouTube Summary