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💥 Somnia Airdrop - $822 Million Backed Company 💥 At the Level of Monad Airdrop  🚀

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Crypto Currency State

3 months ago

Score: 500

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

Here's a summary of the video about the Somnia airdrop:

Somnia Network is a new Layer One blockchain positioning itself as a fast, EVM-compatible network built for a fully on-chain world. It has massive financial backing, reportedly $822 million for the parent company Improbable and $270 million specifically for Somnia, putting it in the same league as other highly anticipated projects like Monad. Participating in the Somnia testnet is considered a crucial step for potential airdrop eligibility.

Here are the key things you need to know and the steps you can take on the Somnia testnet and ecosystem:

  • What is Somnia Network? It's a new Layer One blockchain designed for speed and EVM compatibility, meaning it works with tools and contracts from Ethereum. It claims to be able to handle up to one million transactions per second, which is a huge number if proven true and would make it incredibly fast. The presenter thinks this speed is a major potential differentiator.
  • Massive Funding: The parent company, Improbable, has raised $822 million over the years. Somnia itself has specifically raised $270 million. This huge funding puts Somnia on the same playing field as big names like Monad, which the presenter believes makes it a very important project for potential airdrops. The funding level is a strong indicator of the project's potential and seriousness.
  • Testnet is Live: The Somnia testnet launched on February 21st. This is the main environment where you can interact with the network and potentially qualify for an airdrop.
  • Step 1 & 2: Connect Wallet and Get Faucet Tokens: You need to go to the Somnia testnet website and connect your wallet, like Metamask. Then, you request testnet tokens (STT) from the faucet. You can only get tokens once every 24 hours, so you should do this daily to build up your balance and show consistent activity.
  • Step 3: Send Tokens: An important interaction is to send tokens to other users. The presenter suggests using his private Discord community to find addresses and swap tokens with others, highlighting a benefit of joining his community. This interaction helps demonstrate network usage.
  • Step 4: Mint and Swap Tokens, and Create Your Own: On the testnet platform, you can mint "Ping" and "Pong" tokens. Once minted, you should perform swaps between these tokens or with STT. You also have the option to create your own custom token on the network. These activities show deeper interaction with the network's functionalities. The presenter found swapping and creating tokens to be very easy.
  • Step 5: Meme Coin Trading Contest (Ended): There was a meme coin trading contest on the testnet where you could get testnet USDT and trade various meme coins. This contest has already finished, so you can't participate in this specific activity anymore, but it shows they are encouraging diverse interactions.
  • Step 6: Do Quests on the Quest Platform: Somnia has a dedicated questing platform where you can earn points by completing various tasks. You should visit quest.somnia.network and participate in the available campaigns. This is a structured way to earn potential airdrop points.
  • Step 7: Deploy a Smart Contract: For users with a bit more technical comfort, deploying a smart contract on the Somnia testnet is highly recommended. There are guides available that provide the necessary code and steps using Solidity compilers. Following these steps helps demonstrate significant developer-like activity on the network. The presenter assures it's not overly difficult if you follow the guide.
  • Step 8: Interact with Kaito Yapper Leaderboard: There's a Kaito Somnia Yapper leaderboard that went live in March. This is another free, public event where interacting could be beneficial for potential airdrop consideration.
  • Step 9: Explore the Somnia Ecosystem: Check out the Somnia ecosystem page to see projects and infrastructure being built on Somnia. Interacting with these third-party protocols is another way to show activity within the broader network environment.
  • Step 10: Join the Discord and Get Roles: Joining the official Somnia Discord server is essential for getting updates and interacting with the community. You can initially select roles like "Creator" or "Builder." Interacting in the chat and getting roles helps demonstrate community engagement, which is often a factor in airdrops. The Discord is the primary source for official news.
  • Somnia vs. Monad: The presenter feels Somnia is at a similar level of importance for airdrops as Monad but is currently "more under the radar." This suggests it might be less saturated with participants than Monad, potentially offering a better opportunity for those who participate early and consistently.
  • Airdrops as Low-Risk, High-Reward: The presenter strongly advocates for airdrop hunting as a way to make money in crypto, calling it the "most low risk, more reward ratio" compared to trading or yield farming, especially for beginners. He emphasizes that you can learn about the ecosystem while potentially earning free tokens.

Overall, the Somnia airdrop is presented as a high-potential opportunity due to the project's significant funding and technical ambitions (like 1M TPS). The key is to actively participate in the testnet and ecosystem by performing various tasks like getting faucet tokens, sending tokens, swapping/minting, doing quests, potentially deploying a contract, and engaging in the community via Discord. Consistent interaction is likely more beneficial than doing everything once.

Transcript

Hi crypto fans, welcome to CCS Cryptocurrency State. My name is Santiago, I'm a web developer and investor and in today's video we are going to cover the important project Somnia. This is a possible airdrop and this project is backed by a ton of money. So we are going to check all the information about it and go step by step on everything that you need to do in order to participate on this airdrop. Let's go directly to the content. First of all, this is the fastest and most effective EVM compatible layer one for a fully on-chain work. That is what they declared from themselves but basically this is a new layer one and a very important characteristic is the speed. They say that they can process one million transactions per second. So not sure if that is already true and was proven but if that is the case it's going to be a big one. Important points about the protocol is that Improbable is the company behind Somnia and they had 822 million in funding. You can confirm that here at CryptoRank. This is over the years starting on 20 million in 2015 but you can see how over the years they are massive almost a billion dollars which is a lot evaluation of 3 billion dollars right now. So this is a very very big company and according to the information that I was able to get, Sonium itself has raised 270 million in funding. So right now is competing in the same level than Monad and many other important protocols. The testnet was launched in February 21st. So we are going to check everything that we can do in order to participate on this airdrop ecosystem. Here is the confirmation of the launch of the testnet in February 21st. So the first thing that we are going to do is go directly to the testnet. So once you are here you need to connect your wallet. In this case I am using a Metamask wallet for the purpose of the video and you need to follow some of the steps that are here. First you need to add the testnet so you can just click on add network and it's going to be added into your wallet. So in the step 2 we are going to connect the wallet and then we need to ask for faucet tokens. In order to do that just click here on request tokens. It's going to pop up your wallet and click on get STT. At this moment I have an error because you only can ask for tokens once per 24 hours. So once a day you can go here and test and get your token. Once you get your tokens you are going to be able to see them here. If you go to tokens you can see STT. You have some amount of that. I think it's 0.5 each time. Now point three you need to send tokens to your friends. We can send each other in my private discord. Remember that in my private discord we have a section for invitations and referrals. We also can put here some of that addresses so we share each other some tokens on this testnet. That is another benefit to be part of my community of course in my private discord. Now the point four you can mint some ping and pong tokens and then swap and create your own token too. That is here when you go to swap rc20. Click here then you are going to be able to click down here or on mintping and mintpong. I already minted these tokens. So you can see here on the balance that I already had a thousand of each. But if it's your first time you will be able to click these two buttons and meet the different tokens. So then you just need to, let's say I want to swap something here. Just approve the ping on your wallet. So you need to confirm this transaction on the balance and everything and then click swap. This is going to work always. It's very, very easy. Of course you need to confirm all the different transactions for this and the swap was successful. After you do that, you can go here to create a token and confirm everything here. A token name, token ticker and you can create the token. That will also be important for this. So you can see that I put the name. I need to confirm this transaction and you can see the token was created successful. You can see the new token here. Basically you are sent to the explorer and you are going to see the token creation here. So try to create a token too. After that, the point five is to participate in the meme coin trading contest. Unfortunately, this already finished, but you can go and check it anyways. Basically, click here on participate. You will be able to get some USDT tokens here, a balance of 1000 USDT. And with that, you will be able to buy and sell here. So the idea was that you try to buy and sell here on these different meme coins. And you can see that this was actually the winner at the end. So this already ended. So at this point, you cannot do anything else here. If I try to buy or sell here, it says that the competition trading ended. So at this point, you cannot do this anymore. And after that, you can see here the Somnia Explorer. You can get support on Discord. You can start building or deploying. That is another point that we are going to check. And finally, you have the quest platform. So the next point is here and earn points on Somnia Quest platform. So click here. You are going to be redirected here to the quest.somnia.network. And over here, you will see your stats and your campaigns. Basically, click here and start questing. And you will start seeing all the quests that you can do. The point seven is that you can deploy a smart contract on Somnia. You have some introduction information here about how it works. And then on this link, you can go step by step on how to deploy your first smart contract on Somnia Network. Here is all the information that you need. How to connect to Somnia Testnet. Get your Fauxhead tokens. And then you can just copy all this code of Solidity. Go into the Solidity compiler and follow all the steps here in order to deploy your contract. It's not difficult. You just need to follow this step. And then guys, you can interact with the Kaito Somnia Yapper leaderboard. You can see here that from March 10, the Somnia Network Yapper leaderboard is live. So this is the next free TG event project voted by all, totally public and free to access. So you can go and interact here on the Kaito Yapper leaderboard. Then you have the point nine, which is the Somnia ecosystem. That is a place that you can go from Somnia Network. Here you can apply for a new project if you are a builder. But if not, you are going to see all the different projects or infrastructure projects that are being collated with Somnia right now. So here you can go and check more projects and protocols. So for any other interaction, go here to the ecosystem page and interact with the protocols. And finally guys, the point ten is that join the Discord chat and interact to get roles. All the new information on Somnia is going to be here on their Discord. So of course, this is the best place to go. Quick updates. They have announcement channel. And of course, you have the official links. So everything needs to go from there. And you can select here the first role, which can be a Somnia creator or builder. And for more roles, we need to wait a little bit more. But I will recommend you to start interacting here. And that is all for Discover Asho of Somnia. One of the bigger founding projects that you can apply right now is in the level of Monad, but is more, more under the radar than Monad. So it's a great place to start doing some testnet airdrops right now. And if you want more alpha about Somnia, Monad and many other projects that we are farming, join to my private Discord on my subscription page. We have the same prices that January 2024. We are going to increase them at some point. So I recommend you to join as soon as you can. The prices are really cheap guys. Monthly, you have $20 or $40 with my application. Or annually, the Discord is $100 or $150 with my application. So for a full year, you can be on my private Discord and using my app. It's going to be a life changer if you are trying to make money in crypto. Guys, you have three big niches to make money in crypto. You can be a trader, you can be a yield farmer, or you can be an airdrop hunter. An airdrop hunter guys, it's the most low risk, more reward ratio of all the options that you have. And you don't need to spend years studying for trading in order to make your first trade. If you go and start trading right now, you are going to lose all your money. If you start doing yield farming, you are going to lose your money. But doing airdrops, you really can learn about the crypto ecosystem at the same time that you apply to different projects and start earning money with airdrops. Don't waste any more time. Join to my private Discord and my app. And before we leave, don't forget to like the video, subscribe to the channel, click the bell to get the notifications. If you find the content valuable, please share this in your social medias, in your ex account, in your Instagram account. So you support the channel and help us to grow more. That would be all and I will see you in the next video. Bye!

Video Stats

Views1,279
Likes77
Comments10
Duration8:38