š„ Botanix Ecosystem Airdrops š„ Arch & Palladium Airdrops To Do Now š
Crypto Currency State
4 months ago
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Executive Summary
Botanix Labs is building something truly exciting for the Bitcoin ecosystem, positioning itself as the first fully decentralized EVM-equivalent Layer 2 on Bitcoin. This means you get the versatility of Ethereumās smart contract capabilities right on top of Bitcoin's robust decentralization and security. It's a big deal, and there are already multiple opportunities for crypto airdrops within its growing ecosystem, especially from projects like Arch Finance and Palladium Labs, which have confirmed incentivized testnets.
Hereās a breakdown of what makes Botanix Labs so promising and how you can get involved to potentially snag some airdrops:
- Botanix Labs is a Game-Changer for Bitcoin DeFi: Itās hailed as more than just another Layer 2; it represents a "very bright future for Bitcoin and DeFi." The project leverages Bitcoin's Proof-of-Work for base settlement and decentralization, but uses a Proof-of-Stake consensus model where Bitcoin can be securely staked on what they call a "spider chain." This spider chain is a new concept, a distributed network of decentralized multi-signatures, safeguarded by a random subset of participants, allowing anyone to stake their Bitcoin. This technology is considered "crazy" and has the potential to bring massive usability to Bitcoin.
- Key Strengths of Botanix Labs:
- Known Leadership: The CEO, William Scrooge, is a recognized figure in the Bitcoin community and the inventor of the spider chain. This provides transparency and confidence in the project's direction.
- Solid Funding: They've secured $11.5 million from important VCs, which is a good foundation, especially given the scale of what theyāre building.
- Innovative Narrative: It's all about Bitcoin DeFi, fully compatible with EVM. This means you can use familiar EVM-compatible wallets like MetaMask to interact with Bitcoin, including staking it directly on the network. This capability is described as "super, super crazy."
- Bitcoin as the Fee Token: Currently, Bitcoin itself is used as the fee token for transactions on the network. While there's speculation about a future Botanix token, itās not confirmed, but the focus on Bitcoin as a utility is noteworthy.
- How to Participate in the Botanix Testnet for Airdrops:
- Join the Testnet: Head to their official Twitter account (which has 170k followers) or their website. The documentation provides a step-by-step guide to setting up your MetaMask wallet, getting Testnet funds from a faucet, sending transactions, using various DApps, and even deploying your first contract.
- Use the DApps: Beyond the core Botanix Testnet, there are many other projects already live on the Testnet within the ecosystem. Engaging with these can open up more potential airdrops.
- Secure the Botanix Labs Quest NFT on Intract: This is a crucial first step. The quest launched recently and has a deadline of March 11th. It involves straightforward social tasks (like following on Twitter and joining Discord) and requires interaction with the Testnet. Getting this NFT is highly recommended.
- Utilize Faucets: Youāll need Testnet funds to interact. The documentation outlines how to get them, and the Botanix Labs Discord is a great resource for checking faucet status.
- Complete Zealy Tasks: There are a few basic tasks on Zealy. You donāt need to spend excessive time on them, but completing them contributes to your participation.
- Follow @tetardmartien: This individualās X (formerly Twitter) account is highly recommended as a source for "amazing news" and comprehensive coverage of the entire Botanix ecosystem, including all the different protocols. Following them keeps you updated with live information.
- Arch Finance: A Major Airdrop Opportunity:
- A Decentralized Exchange (DEX): Arch Finance is a key DEX within the Botanix ecosystem.
- Confirmed 50% Community Airdrop: Arch has explicitly stated they will allocate 50% of their tokens to the community, making this a "super bullish" airdrop opportunity if the ecosystem continues its growth.
- Arch & Friends NFT Quest on Intract: This quest, launched in January, likely still available, is important for multiple airdrops. It involves social tasks and visiting certain pages.
- Arch Testnet OAT NFT: There's a specific campaign for the Arch Testnet that awards an OAT NFT. This is considered very important for the airdrop and requires following Arch on Twitter, retweeting, and getting a Discord server role.
- Engage with the Arch Testnet: Connect to the Botanix Testnet through Arch, then swap your Bitcoin (obtained from the Botanix faucet) for other tokens. You can also create and enter liquidity pools, just like on any other DEX. Performing these actions makes you an active participant.
- Palladium Labs: Unlocking Liquid Bitcoin Capital:
- Stablecoin Protocol: Palladium Labs focuses on PUSD, their flagship stablecoin on Botanix Labs, aiming to unlock liquid capital for Bitcoin holders.
- Intertwined with Botanix Quests: The earlier mentioned Botanix quests also involve interactions with Palladium, so completing those is a good starting point.
- Execute Testnet Tasks: Access their Testnet to mint PUSD. You can get "mock wrapped Bitcoin" from Palladiumās own faucet (once per day). Then, you mint PUSD from this wrapped Bitcoin, and you can also stake and redeem your PUSD. Monitoring your portfolio shows your active drops, borrows, and supplies.
- Palladium Zealy and Intract Quests: Join their Zealy for onboarding and social tasks. Critically, engage with the live quests on the Intract page; some of these, like earning 500 jewels on their incentivized Testnet, might take several days, so start early. Getting this NFT is important.
- Beyond Arch and Palladium: The Botanix ecosystem is rapidly expanding with many other projects like Rubber, Login, BitParp, Spindle, and BitC. It's wise to explore these applications as well, as they could present additional opportunities. Remember to consistently claim your Botanix faucet tokens, as they are often needed across various DApps in the ecosystem.
This vision of doing "everything that you do on Ethereum, but in Bitcoin and being able to stake your Bitcoin actually in your own network," is what makes Botanix Labs a genuinely exciting development in the crypto space. Don't miss out on these early opportunities to interact with a project that could fundamentally change Bitcoin DeFi.
Transcript
Transcript
Hi Crypto Fans! Welcome to CCS Cryptocurrency State. My name is Santiago and in today's video, I bring you a very important ecosystem around Bitcoin. This is Botanics Labs. They have an amazing ecosystem with many possible airdrops. One of them is Arch, another is Polydium. So we are going to cover everything in detail. All the things that you can do to start participating on the ecosystem of Botanics with the possibility to get many many airdrops. Before we begin, please like the video, subscribe to the channel, click the bell to get the notifications and without anything else, let's get into it. Hey guys, well all the information on this excel file that I will share with you is in the first link of the description. So Botanics Labs is building the first fully decentralized EVM equivalent layer 2 on Bitcoin, where the usage and versatility of EVM meets the decentralization and security of Bitcoin. Laboraging Bitcoin's proof of work as a layer 1 for base settlement and decentralization. Botanics will be used a proof of stake consensus model where the stakes, represented by Bitcoin, are securely stored on the spider chain. This is another new concept from a thing that they invented. A distributed network of decentralized multi-signs safeguarded by a randomized subset of participants. Anyone will be able to stake their Bitcoin on Bitcoin. And I have been reviewing this project for a while already and I think we have something big in our hands with this protocol. This is more than just a layer 2 for Bitcoin. This is actually a very bright future for Bitcoin and DeFi in Bitcoin. No need to be a Bitcoin maxi to see how potent and how incredible this project could be and the ecosystem that they already have around. We are going to cover a couple of incentivize test nets on this video, but there are many more around this ecosystem that are not be part of the video. I will go in to cover it in the future. So important points about Botanics Labs first, is that the CEO is known here on the protocol, William Scrooge. So you can check here all the information about him, but is a known person in the Bitcoin community. It's also the inventor of this spider chain, founder of Botanic Labs and also Harvard HSBS. So for more information about him, you can check the Twitter account and much, much more. Another important thing, the founding of this project. This is 11.5 million dollars from a couple of important VCs. So it's not hundreds of hundreds of millions on this, but I think this amount is very, very interesting regarding what everything that they are doing on the protocol right now. Another important thing guys is the narrative. This is Bitcoin DeFi, compatible with EBM. So you actually are going to be able to stake Bitcoin using EBM compatible wallets. So it's super, super crazy. The fee token of this protocol right now, at this moment, is going to be Bitcoin. So we are speculating that maybe they are going to launch a token. We don't know. I don't know that yet. But besides Botanics, we are going to cover also another two important projects, Arch Finance and Palladium Labs. So let's go with everything that you can do to participate on this protocol and earn many airdrops. Some of them are already confirmed as Incentivized Testnet. So the first thing that you can do is join the Botanics Testnet. You can go from the Twitter account. This is 170k followers already. a ton of information about Botanics Labs. Of course, if you want to understand more how this project works, you can go to the official website too. And you have a section where you can understand what this spider chain is in the documentation of the protocol. So you can go to the website and start from there. Remember, always checking official links. So for the Testnet, they actually have everything in the documentation. I followed that step by step. And it's really, really helpful because if not, you may be lost a little bit. But this is the Botanics EBM Testnet. The things that you can do are already here on all these steps. You need to set up your wallet that you can use your MetaMask wallet without issues. You need to get the Testnet funds from Fawcett. You can send the transaction, use the DApps, deploy your first contract and withdraw, of course. Here is the chain details. But when you go to the different Fawcett on projects, Automatical is going to try to add the network into your MetaMask. So you can do that if you want. If not, you can just add it manually with information here. After going step by step, once you get to the point four, which is use the apps, you have this another link, which is basically from the website on the Testnet, where you have here the different things that you can do on the different protocols. These are many other projects that are already live in Testnet and you can participate and get airdrops from all of them. So this is very important right now. So you just need to follow the steps. I will not cover everything in this video because I'm going to cover many other stuff, but going to point two, how you can get the Testnet funds if you already have the wallet. You have a couple of options to do that. Remember also to join the Discord because in the Discord, they have here the Fawcett status depending if it's active or not. The Testnet status also is posted here and you have the different Fawcett. You have many things that are going to help you on this journey if you are in the Botanics Labs Discord. The same for Arch, I would recommend you to go to the Discord and the same for Palladium. So showing all the Discord so you don't miss any information. So with step one and two, you are going to be guided with everything that you need to do. Now the step three is very, very important that you get this NFT. This is the Botanics Labs Quest. They launched this a couple of days ago so you can participate. You have time until March 11, but as soon as you get into this is better. So get into the point three, this link. Some of the stuff are only social. So follow them on Twitter, join the Discord and then you need to interact with thumb of the Testnet that we are going to also do in this video. So it's going to be very easy for you to get this first quest for Bitcoin of Botanics Labs. In the point four, there are a couple of things on the Fawcett token that you can get and the link also for the Fawcett. But remember, the point four is included in point one. So you will need to follow those steps and not difficult. The point five is that you have a ZLI. There are only five tasks that I can do. So I already did that, but you can check the leaderboard if you want. You don't really need to put too much time on this. Just complete a couple of basic things on ZLI. And the point six, guys, is to follow Teter Martin, the ex-account, because he has amazing news always about the Botanics ecosystem. I really recommend you to go here, follow this account because he's covering everything on all related to the Botanics Labs ecosystem. All the different protocols that we are going to cover right now and more. So follow his account. He did this great tweet explaining a little bit about the different steps that you can do to participate on the test nets of all these protocols. So shout out to him, check his ex-account and follow him. So you get all the information live in Twitter on this ecosystem. So guys, that was Botanics Labs. So let's go directly to Arch. So Arch Finance is the important DX on their ecosystem. And they mentioned that they are going to give 50% of the tokens to the community. You can confirm here on the ex-account. Arch is building the best DX for Bitcoin finance. And you can see it's giving more than 50% of the token to the community. Very, very important. This was published on February 12th. So super bullish on this airdrop. If this ecosystem keeps growing. The first thing to do is get this NFT on the point two. It will help you in multiple airdrops at the same time. So go here, Arch and friends. This is one quest. It was published in January, but I think you still can get it. Many of the things are related to follow accounts and visit some of the page. So it's not really, really difficult to achieve this if you have your ex-account and visit some sites. Then the point three is another campaign specifically for Arch. This is for the Arch testnet. You can enter the spider chain here. So follow Arch on Twitter, do some retweets and get the Arch Discord server role. And you will be able to log in here and get this OAT NFT. This is going to be important for the airdrop. I am very, very sure about that. So get the OAT NFT. You will need to visit also the Arch testnet, which is something that we are going to cover right now. So the last point is go to the testnet of Arch. You can swap your Bitcoin that you have from the faucet of botanics. So you can swap it here with another tokens. For example, you can see I have 0.013 BTC here and you can swap it for another tokens here. You also can enter into pools the same way that you do with any other project. Here is another link for the faucet of botanics to get some Bitcoin. And you can see here that I am connected to the botanics testnet. So very easy to do. Create a pool also if you want, but doing all that, you are participating already on this airdrop. Remember to do all these galaxy quests. And now we go to Palladium Labs. So do the previous quests and tasks for botanics that are also related to Palladium. So in those quests, you also need to interact with this protocol. So now we go to the testnet, which is we use their testnet Mint PUSD. This project is all related to the stablecoin of this protocol. You can stake it and redeem. Right now they have 23.3k followers and they basically are here unlocking liquid capital for Bitcoin holders. Flagship stablecoin on botanics labs. And this is PUSD. So you can also read everything on their website if you are interested. Of course, here you can launch the app for the testnet and they have a ZLI. So you can also get the onboarding and twitter and invites on the ZLI of Palladium Labs. And after that, we go to the testnet, which is here. You have a couple of sections. Remember, you need to get mock wrap Bitcoin that you can click this button once per day. You will get some testnet tokens here. And after you do that, you go here to mint. You can click here how much you want to mint from what you have. So let's say that I want a little less from that. So 119. And I will put here 75%. So I will approve this transaction. Confirm on MetaMask, of course. Now we are waiting for the transaction to confirm. And you can see this was successfully done. You can, of course, check everything on the explorer. And after you mint the PUSD, you can go and stake it. You can also unstake claim when you get funds there and redeem after. If you go to portfolio, you can see your active drop. So this is going to generate you, of course, revenue, what you borrow, what you supply. Everything is here. Here you can join the ZLI and also interact on the live quest that I mentioned before, which is also related to Palladium, not only to botanics. So go to that interact page and complete everything here, guys. You can see many things are related to Palladium here. You still have 20 days. So you still have time. But some of these, you need to earn 500 jewels on Palladium Incentivized Testnet that could take you a couple of days to achieve, depending how much you get. So don't sleep on this. Get this NFT that is going to be important. And guys, there are many other projects around this ecosystem like Rubber, Login, BitParp, Spindle, BitC. So you can check all the other applications of this ecosystem that keeps growing. And don't forget to claim your faucet from Botanics because in many of them you will need it. For Palladium, you can get your own faucet here from Rubber Bitcoin. But for Arch, for example, you will need to get the BTC from the faucet of Botanics. So in this video, we covered these two projects, Arc and Palladium. We give you all the information about Botanics Labs. And I think this is great on Bitcoin. The BRC20 ecosystem has been a little down from a while, but these kinds of projects can bring a lot, a lot of usability on Bitcoin. Imagine doing everything that you do on Ethereum, but in Bitcoin and being able to stake your Bitcoin actually in your own network, which is Bitcoin. So this is crazy technology from my perspective. Of course, you can read more about all this protocol in their official Twitter account and in the documentation if you want the technical aspects of how it works. Before we leave, don't forget to check our subscriptions. We have a paid subscription for our private Discord. Our community is growing a lot. We are keeping the high level of information that we post there. Our community is already a family. more than two years. We have been sharing and helping each other. And if you want more about airdrops, I have an airdrop application. Here is a video on how it works. So it's very cheap. You can join to my private Discord and add my application in the subscription if you want. And with these two tools, you are going to be set up to get the best airdrops that you can on this ecosystem. That will be all for this video. Remember to like the video, subscribe to the channel, click the bell to get the notifications. Don't forget to check the last airdrop claims that we covered last week. These are 10 huge airdrops to claim that you need to see. That will be all and I'll see you in the next video. Bye!