Quai Network Airdrop Guide
LITE CRYPTO
6 months ago
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Executive Summary
Alright, let's break down everything you need to know about the Quai Network airdrop!
Quai Network is currently in its testnet phase and is gearing up for a mainnet launch in January 2025. This project is highlighted as a prime opportunity for farming airdrops because it requires relatively low effort tasks to qualify, and testnet airdrops like this one have recently been outperforming many mainnet airdrops. This is largely because there are no "whales" on testnets who can pump in huge amounts of volume or liquidity to dominate the distribution, making the drops fairer and often more lucrative for smaller participants.
Here are the key details and steps to get involved:
Why Focus on Testnet Airdrops?
- Testnet airdrops (like Movement and Zion) have been surprisingly successful, often outperforming mainnet projects in terms of returns.
- The main reason is the absence of "whales" – large investors who can manipulate volume and liquidity to claim the biggest share of an airdrop. This creates a more level playing field for regular users.
- The Quai Network testnet is time-sensitive, ending on January 8th, giving you roughly three weeks to participate before the mainnet potentially launches around January 10th-15th.
What is Quai Network?
- Quai is building a new blockchain that leverages EVM (Ethereum Virtual Machine) technology, meaning it's compatible with tools and concepts from Ethereum.
- It's designed to be "bindable" and features a unique dual-token model:
- Ghee token: This token is pegged to electricity and is used for transaction fees. It's an inflating token, designed to cover the network's operational costs.
- Quai token: This is the non-inflating token, intended as a store of value. This is likely the token that will be distributed as part of the airdrop.
- Quai claims an impressive 50,000 transactions per second (TPS). However, the critical factor, as always, will be the transaction fees – high TPS isn't useful if fees are prohibitive.
- It uses a novel consensus model called Proof of Interminable (PoIM), which is a new take on proof-of-work mining, and it sounds like something worth looking into for miners.
Essential Steps for Airdrop Eligibility:
Wallet Setup:
- While Quai is EVM-based, finding suitable RPCs for MetaMask can be tricky.
- The recommended options are Pelagus Wallet or Koala Wallet. Pelagus is preferred by the presenter due to its functionalities for different Quai testnets and custom token imports. Koala Wallet also supports other projects like Kadena.
- It's unlikely either of these wallets will have their own airdrop.
Quai Faucet (Daily Task):
- This is arguably the most crucial step and should be done daily.
- The faucet has a referral system and a multiplier system, which is pretty cool.
- One of the airdrop criteria will likely be the amount of Quai tokens you hold in your wallet by the end of the testnet.
- Multipliers: You can get boosts on your airdrop if you hold certain NFT collections like Pudgy Penguins, Azuki, NodeMonkes, Bitcoin 1.080s, ZeroBorn, and Kompai Bundas.
- Discord Roles: Connecting your Discord account and obtaining specific roles (like the Jumper user roles mentioned below) is becoming a big deal for testnet airdrops, often granting multipliers or even direct allocations. Telegram, despite often being a source of alpha, isn't usually a criteria for airdrops due to its lack of role-based tech.
- Simply paste your Pelagus or Koala wallet address and request QAI tokens every 24 hours. Even if the faucet is temporarily empty, it usually gets refilled.
Jumper Exchange Partnership:
- If you have a Jumper level of 8 or higher, you're in a good spot for a bonus.
- Jumper is a popular platform that many airdrop hunters use, so participating in it could lead to earning two airdrops at once (Jumper's own drop and a Quai bonus).
- Achieving Silver and Gold Jumper levels is expected to provide 1000x multipliers and potential allocations.
- There's a notable connection with Pudgy Penguins, as their CEO, Luca, is involved with Quai. This suggests strong partnerships and potential allocations for Pudgy Penguin holders.
Galxe Missions:
- There are still six active Galxe missions for Quai, out of about 20 previously.
- These are generally very easy and quick to complete (around two minutes each).
- Your accumulated Galxe points will factor into the airdrop criteria, so definitely do these.
Interacting with DApps (Decentralized Applications) on Quai Testnet:
- QuaiSwap: This is a decentralized exchange (DEX) within the Quai ecosystem.
- It might even have its own token, which means another potential airdrop opportunity.
- You can swap meme coins (the presenter was gifted some "SOON" meme coin).
- Providing liquidity (LP) to pools is a smart way to interact.
- Engage in daily trading to show activity.
- QuaiBattle.lol: A game on the testnet that requires Quai tokens to play. It's another way to demonstrate active engagement with the ecosystem.
- QFanClub: A Telegram mini-app focused on football. It allows you to import your wallet and perform on-chain transactions directly within the app.
- QuaiSwap: This is a decentralized exchange (DEX) within the Quai ecosystem.
Airdrop Timeline and Expectations:
- The testnet concludes on January 8th.
- Mainnet launch is expected between January 10th and 15th.
- The airdrop is anticipated to be distributed around February 2024. Since gas fees on the mainnet will be paid in the Ghee token, there's no immediate pressure for Quai to distribute their token, but a quick launch is expected.
- The presenter believes Quai is one of many testnet-based airdrops that will do very well, advising a strong focus on these projects to take advantage of significant distributions and the protection from large-scale whale manipulation.
Transcript
Transcript
What is up my dear ladies and gentlemen, this is your beloved host Light Crypto here with a brand new airdop guide. This is for a project known as Quiet at Work which is currently on Testnet. And one of the things that I've been noticing in the last couple of weeks and months is that some of these test-based airdops like Movement and Zion have actually outperformed airdops that we have been farming in the last two years on the mainnets. Whatever it's DEX says, lending protocols, derivatives, NFT marketplaces or something else. These test-and-base drops by average are actually doing quite well. And I think it has a lot to do with the fact that there is no whales that just can come in and have tons of volume or tons of liquidity and get the larger share of the drop. So that's not happening on these test nets. And that's why going into Q1, I'm having a lot more focus on test-net based airdops which we are definitely going to be talking about. But today I'm talking about Quai. And the reason why is we do this instead of Eclipse is because this is a lot more time sensitive. So the Quai drop is coming to an end on January 8th. So we have a good three weeks to do transactions and some interactions on their chain. The mainnet might be launching on January 10th to 15th according to what I've been hearing from the developers. So there's plenty of time for us to join in even if you're brand new. So to give you a very very short rundown, Quai is building out a new blockchain which is kind of like using the EVM technology. The interesting part about it is that it will be bindable and also it will have two different tokens. There is going to be a token that is going to be picked into electricity which is going to be used in terms of transaction fees. And then there's going to be the other token known as Quai which is kind of more non-inflating and more of a like the store of value. The key is going to be the one they're going to be using to basically pay the fees and it's also inflating tokens. So it's a very interesting model. They're doing a lot of, you know, very novel ideas, new ideas in this chain. And that kind of makes me very excited about what they could be building. And they're also claiming 50,000 TPS which is pretty impressive. Yes, there are projects we have covered that have 100,000 but it remains to be seen. Can they deliver on 50,000 and what is going to be the fee on the 50k? Like nobody cares if it's going to be doing million TPS if I'm going to be paying dollar to send money or something like that. So the fees are super integral about what comes with the TPS. So what are exactly the things that you can do right now to be eligible for this airdrop? So there's a couple of things and yes, this has been this test and that thing has been going on I think since the beginning of the year. So there has been plenty of time when people have interacted with this before. So the number one thing is obviously getting a wallet. So yes, it's EVM based token. So you can use a MetaMask, but I don't think there's I wasn't able to find the RPCs for quite right now. So you've got two wallet options. We have Koala and we have Pelagus, which I think is supposed to be Pegasus or something. I don't know. I don't know what that means. Maybe it's named after some ship. So I'm using Pelagus. It has a couple of nice functionalities like you can use different test nets under Kwai. And also it has like you can import custom tokens and things like that. I haven't tried Koala. Koala seemed to have a benefit of having other projects listed here like Kadena. So that has its own benefit, which is good. So whatever you want to choose is up to you. I don't think either of these wallets are going to have their own token, though. Just two cents, maybe Koala. Well, who knows? And the first thing you want to do and most important thing is the Kwai faucet. And it actually has a referral system and it has a multiplier system. So I think when we have the test net closing, one of the criteria is going to be kind of like in mitosis is how to do it. And the first thing you want to do is how much Kwai you will be having in your wallet by the end of the test net. And there's multipliers here, which is really cool in my opinion. So let me actually refresh the icons will be showing up. So there are a bunch of NFT collections which will be giving you boosters on this drop, which is very cool. So obviously I own a Podgy. There are little Podgy's even in here. Azuki, Node Monkeys and Bitcoin. We have 1.080's also here. Also, Jumper users are going to be getting a bonus. We're going to be talking about Jumper in a second. So that's going to be a boost. And then there is Zero, Zero Born. That's going to be another project here. And then we have Kompai Bundus. I don't know that collection. Maybe I need to look into it. And you need to connect your Discord. So getting Discord roles is becoming a lot more meta. And a lot of like, for example, recently we had the Podgy Penguins. They had some like SPT role or whatever. And they got an airdop if they had that role in Discord. And those role things in these test nets especially are going to be giving you multipliers and allocations on these airdops. So Discord is becoming a lot more important. Yes, Telegram has usually all the alpha, but Telegram is never going to be a criteria for any airdop as we have seen. Because there's not really any tech based on which could allow you to have roles in Telegram and etc. And it's just pretty simple. You just log in your Discord and you have also Twitter login. But right now it may be if you're watching this video, the faucet might be empty, but it probably will be having funds there later on. So this is one of the more important things which you should do daily. It's really low effort. So you just paste in your address from your Pelagius or Quala wallet and just request QAI. And you can do this every 24 hours. Then we have the Jumper Exchange partnership with QAI. This one basically just you have you have Jumper level at 8 or above. I was 8. I'm not even doing Jumper very much. But Jumper is something that a lot of other airdop hunters have been farming a lot. I'm still thinking the Jumper is a great product and you should be using it. And it's something you're getting two drops at the same time by doing Jumper. And you know obviously going to be getting silver and gold and these are going to be getting you a thousand multipliers and probably going to be getting you an allocation. There are also I might mention that maybe Pachi Penguins I think the CEO of Pachi Penguins Luca is involved in QAI. So these NFT holders in this list might get an allocation on QAI as well or it might be just the multiplier. But I'm not too but that's a biased or anything as I own Pachi Penguins but I think that's you know there's a lot of connections there partnerships between the two. So I'm kind of saying that that's a big big partnership with this. Then we have still multiple test net sorry Galx missions available for QAI. There's six of them. There has been quite many before. I think there's been like 20 or something as you can see. So there's six still active really easy to do super easy to do. I don't know how to do this Quineers one. I have to get into that. Not many participants. Some of these have millions. Okay, these three have millions. So these Iron Age ones. I think this one requires you to have a wallet. So okay, that's actually ended. So nobody but basically very easy to do takes you two minutes. That's are going to be one of the part of the criteria. God's points are going to play into this guys. So that's one I would definitely recommend doing. And then we have also a couple of Dex's. Sorry, a couple of daps inside their testnet. Not many. We have like two or three. There is a Dex known as QI swap. They might have their own token. I mean they have a one testnet. So if you get QI, you can get some meme coins over here. I have actually soon I was gifted that that might be a meme coin that might be worth holding. And you can provide LPs here. So that's something you can smartly do. And obviously by doing daily trading here. If one of the meme coins pops out, you can sell it higher and blah, blah, blah. There's another game here. This requires quiet to play. I don't know anything about it as I have no faucet to try right now. So I don't have any tokens to play around with it. But another dap in the ecosystem. And then lastly, there is also Telegram mini app known as QFan, which is football, some type of a football thing. Another one that's easy to do. And also it allows you to import your wallet in. So you can do like on-chain transactions inside the app. And that's kind of it. What we have to share. As I said, the testnet is ending on 8th of January. So we've got three weeks around time before the mainnet roughly starts. So we're going to be seeing the airdop given out in February, January's time. That's pretty exciting. It could be since that they have the key token, which is going to be the mindable thing. They don't need to do the airdop immediately because gas is paid on Ghee instead of Kwai. So it might take longer. But I'm actually presuming that yes, we are going to be seeing a February launch for the token as well. So you don't have to wait trillion years until you get your drop. So that's pretty big. And I think in terms of like proof of work, they have a new consensus model, which is mine. But I think there hasn't really been anything exciting to mine recently. And I think this is something that I might start mining myself. But I have to look into their criteria and shit like that. But it's an interesting, it's called the proof of interbi minima, poem. But we will see how it will do. And Kwai is going to be one of many testnet-based airdops, which are going to do really well in my opinion. And we need to focus a lot more on these testnet-based airdops guys because a lot of money to be distributed there. And we are protected from Wales. But there will be posts on airdop recon's page, obviously, about new testnet projects. I actually posted one yesterday. And there are many of them. And we're going to cover them in future videos very, very soon. And yes, I remember we did a poll on Eclipse. That is going to be the next video we're going to be covering on the channel. Thanks for watching. See you soon.