3-in-1 FREE Airdrop Strategy to Farm MONAD! Maximize Your Gains NOW! | Magma Staking (Full Guide)
AlphaDrop
3 months ago
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Executive Summary
Alright, so you wanna get in on that potential Monad airdrop? This is a guide on hitting three potential farming opportunities in the Monad ecosystem all in one go. It covers interacting with the Monad testnet through liquid staking protocols, focusing on getting that valuable on-chain activity.
Here's the lowdown on getting positioned for the Monad airdrop:
- First up is Magma Staking, a liquid staking protocol built on Monad. It’s powered by some cool tech like a high-throughput distributed validator and a low-latency MEV client, which sounds pretty advanced and helps keep things running smoothly.
- Magma is a DAO-owned project, meaning a Decentralized Autonomous Organization, so the community technically has a say in things. It aims for fair token distribution through a points program – because who doesn't love points for potential rewards?
- Magma lets you stake your Monad tokens (when they launch) but still use a liquid version of them, so your funds aren't totally locked up. They've raised a decent amount of money ($3.9 million) from known investors like Animoca Brands.
- To start with Magma on the testnet, you need to connect your wallet to their site. Pretty standard stuff.
- You'll also need some Testnet MON tokens. These are free tokens used just for testing on the network, not real money. You can often get them from a faucet (a website that gives out test tokens) or sometimes even from community members or giveaways. Getting them from someone like me on X is an option, and I've apparently been pretty generous giving them out, though patience is needed as it's first come, first served. Using the official Monad faucet is another reliable way.
- Once you have Testnet MON, the main action is to stake some tokens on the Magma platform. You just choose an amount and confirm the transaction. Simple.
- There's an optional step that I personally do: unstake a small portion of what you staked. While not strictly required by Magma's core process, doing this adds another type of transaction to your wallet's history on the Monad testnet, which might be seen as more engagement by the airdrop criteria. I do it just to increase on-chain activity, even if it's just a little bit. You can do this unstaking multiple times if you want, but I wouldn't spend too much time on it.
- What's arguably more important for Magma is completing their Galaxy quests. Galaxy is a platform for tracking engagement. You go to the Magma Galaxy page (link provided) and complete tasks there. These are usually things like following them on X (Twitter), liking and retweeting specific posts, and joining their Discord server. Completing these gets you points, and points are usually a key factor in airdrop eligibility or size.
- Keeping an eye on X is crucial because that's where updates about Magma (and potential new tasks or strategies) are usually announced. Following the team there helps you stay informed.
- Next up is Moo Digital. This is another project built on Monad, focused on Real World Assets (RWAs). RWAs in crypto are basically tokenized versions of physical assets or traditional financial instruments. Moo Digital's goal seems to be bringing these yield-generating assets onto the Monad blockchain.
- Interacting with Moo Digital for the airdrop involves a similar process: connect your wallet to their testnet website.
- Again, you'll need Testnet MON tokens for this, just like with Magma.
- On Moo Digital, the main step is to stake your MON tokens there as well. You stake a specific amount and complete the transaction to "mint" something on their platform, which counts as an interaction. This is another way to show you're using the Monad testnet.
- Beyond staking, Moo Digital has an Easter egg hunt game on Discord. This is another active way to engage with the project. Joining their Discord server is required.
- In the Discord, after verifying your account, make sure to grab all the available server roles. Roles often signify different levels of participation or interests within a community and can sometimes be a factor in airdrops. Following them on X from Discord is also part of the process.
- Actively participating in the Easter egg hunt game is important because it's a specific event designed for engagement on their platform, signaling active interest beyond just basic transactions.
- For getting Testnet MON tokens, besides the official faucet, participating in community giveaways (like the one I sometimes do) is a way to get them, especially if the faucet is running low or slow. Asking around or looking for community initiatives can help.
- Ultimately, the goal of these strategies – staking on Magma, unstaking (optionally), doing Magma's Galaxy quests, staking on Moo Digital, and participating in Moo Digital's Discord activities – is to create a footprint on the Monad testnet and within its ecosystem projects. By actively using the testnet and engaging with multiple protocols, you increase your chances of being recognized for a potential Monad airdrop and possibly airdrops from Magma and Moo Digital themselves (the "three birds, one stone" idea).
- The emphasis on interacting with the testnet and specific ecosystem projects like Magma and Moo Digital suggests that Monad and projects building on it are likely to reward early users who help test and bootstrap their platforms before the mainnet launch. It's all about proving you're an early adopter and active participant.
Transcript
Transcript
Boom! What is up guys? I hope you're all having an amazing day so far. Welcome to AlphaDrop. My name is Martin. Today we're gonna be talking about MONAD. If you clicked on this video, chances are you love MONAD. I love MONAD. In this channel we've talked about several projects you can farm in the MONAD ecosystem and today we have a three-in-one airdrop that you can do right now and I'm gonna be sharing you step by step on how you can farm it. Alright, super fast, super simple and all I ask in return is if you give this video a like and subscribe to the channel. Alright, so without further ado let's get started. Make sure you give me a follow on X. Follow the team as well. The first project we're gonna be talking about is magma staking. I actually talked about this on our last video which you can see right over here. This is more of just a follow-up for magma and secondly we're gonna be talking about Moo Digital. They have an Easter egg hunt that is live right now and we're gonna be talking about it. Alright, so two projects in MONAD. Follow this video step-by-step guide and you're gonna be hitting three birds in one stone. Alright, so firstly let's just talk about magma. Liquid staking on MONAD powered by the first high-throughput distributed validator and a low-latency MEV client. Magma DAO is a DAO-owned liquid staking protocol on the MONAD blockchain promoting fair token distribution through its points programs. It allows MONAD token holders to earn staking rewards without sacrificing liquidity and introduces the first distributed validator beyond Ethereum. Magma DAO has raised a total of $3.9 million with investors that include Animoca Brands, CMS Holdings, Stake Capital Group and more. So the very first thing that you have to do is create an account. Click on the link down below. You'll be taken to this website where you just have to connect your wallet. After you connect your wallet, make sure you have some Testnet MON tokens. Now if you don't have any MON tokens, head over to this post on my ex and just go ahead and quote tweet this. Say something nice, tag me and I'll probably send you some MON tokens. Okay? In total I've given over a hundred MON tokens to everyone and just be patient guys because I usually send it based on who's first. And if you haven't received MON tokens from me, just give it a shot. I mean it's free and I've been very generous with everybody. Apart from that, there's also the official MON ad faucet that you can use to get some tokens. Link down below. But once you're done with that and you have some tokens ready, all you have to do is stake some MON tokens, enter the amount that you want to stake and just confirm the transaction. Once that's done, just for a little bit of an extra activity going on in my wallet on chain, what I do is I just unstake a portion of the amount that I staked. Now this is optional, but I just do it anyways. So I'm just going to go ahead and unstake 0.2 MON tokens just because, you know, why not? And by the way, you can do this as many times as you'd like. But this is honestly something I wouldn't bother spending too much time on. Because what's next is arguably more important, which is the galaxy quests. So link down below, you'll be taken to the galaxy quests where all you have to do is complete these tasks over here and claim your points. Okay, so tasks include just liking tweets and retweeting and then also joining their discord. And that's pretty much it for Magma. So make sure you give my X account a follow and have notification bells on. And if there's any more updates, you guys will be the first to know. All right, guys, next up is Moo Digital. Moo Digital is a real world asset on Monad. Join the yield movement powered by Monad. All right. This is another airdrop interaction that we can do. Here's our website link down below again. And this is pretty much the same thing that we have to do. Just connect our wallets and stake your MON tokens. So I'm just going to go ahead and put in one MON token, confirm the transaction. And there you go. Mint successfully completed. The next thing we want to do is go ahead and join the egg hunt game on discord. So click down below. You'll be taken to their discord. Now, once you're over here, just verify your discord account, head over to the server roles, claim all the roles, follow them on X and make sure you participate on the Easter egg hunt game. All right. Big shout out to our man Derek Hop over here. If you want some MON tokens, try to make use of all the faucets. And if you don't have enough, you might as well just try and participate in our giveaways. All right. That's the end of the video. I hope you found this helpful. If you did, please give this video a like and subscribe to the channel. Check out all the links down below that will help you out. And with that being said, guys, I hope you have a profitable rest of your day. My name is Martin. Peace.