Claim Airdrop + Term Finance Allocation - DO THIS NOW
Crypto with Lorenzo
3 months ago
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Executive Summary
Here's a summary of the video discussing crypto airdrops and trading opportunities:
This video dives into several current crypto airdrop opportunities and trading platforms, covering projects like Party, Kinto, Hyperliquid, Term Finance, and Plaza Finance. It walks through how to check eligibility or farm for potential tokens and shares personal experiences, including a trading liquidation.
Here are the key points discussed:
- Party Airdrop: You can now claim the Party airdrop.
- To check if you're eligible for the Party airdrop, connect your MetaMask wallet on their Universal ALX website.
- I personally didn't participate in the Party airdrop.
- The community seems pretty unhappy with the Party airdrop, calling it a bit of a joke.
- Given the negative sentiment around Party, I'm considering shorting the token on Weex exchange.
- I recently got liquidated on a small Party position on Weex because I used too high leverage (25x) and the price spiked briefly, which was a tough lesson.
- Even though I got liquidated, I still plan to put more money in and short Party again because of the widespread community dissatisfaction.
- Weex Exchange: Weex is a trading platform I use and like a lot for my biggest trades.
- Weex is offering an $85 bonus, and there's no KYC required, which is great because it works everywhere.
- You can get the $85 bonus on Weex by setting up an account and trading $200 (just open and close one trade).
- Weex probably won't have its own airdrop, but the free $85 bonus is essentially like getting something for free anyway.
- Kinto Airdrop: Kinto is another platform where you can trade, and they will definitely have an airdrop soon.
- There are about six or seven days left to farm the Kinto airdrop.
- You can farm Kinto by either depositing stablecoins on the app or by trading on the platform.
- Trading on Kinto rewards you with K tokens based on transaction fees, which are essentially points towards the airdrop.
- I am personally farming the Kinto airdrop because I like to trade and they have an airdrop coming soon. The final token amount depends on Kinto's allocation decisions.
- Hyperliquid Airdrop: Hyperliquid had a Season 1 airdrop, and Season 2 is still ongoing.
- You can continue to trade on Hyperliquid to earn points and be eligible for the Season 2 airdrop.
- The points page is still live, indicating that points are accumulating for Season 2.
- Hyperliquid is another platform I use, like Weex and Kinto, for trading and airdrop farming.
- It's beneficial to use multiple platforms like Weex, Kinto, and Hyperliquid for trading and potential airdrops.
- Term Finance Airdrop: Term Finance has released details about their tokenomics; they have a total supply of 100 million tokens, with 56% allocated to the community, which sounds promising.
- Currently, there is no claiming, allocation checking, or much you can do right now for the Term Finance airdrop.
- There is a points checker available to see how many points you accumulated; I have 232,000 points.
- I'm curious to see how the Term Finance points will translate into tokens; while I'd love a 1:1 ratio ($1.1 per token), it's more likely that a large number of points (like 10,000) will equal $1.1 tokens because many people have accumulated lots of points.
- They might be delaying the Term Finance airdrop distribution because of the high number of points many users have.
- Plaza Finance Airdrop: Plaza Finance recently launched its mainnet.
- There's currently a deposit cap of $10 million on Plaza Finance's mainnet.
- To participate and potentially earn rewards on Plaza Finance, you need to deposit real Ethereum (ETH), not testnet tokens.
- You need to deposit WETH (Wrapped Ether) on Plaza Finance.
- Getting WETH is easy: you can swap your ETH for WETH on a platform like Jumper from whatever chain your ETH is on.
- Once you deposit WETH on Plaza Finance, rewards will start coming in.
- The deposit limit on Plaza Finance is currently 5,000 (likely referring to ETH/WETH equivalent), and it hasn't been filled yet, making it an opportunity worth watching.
Transcript
Transcript
Important updates in the crypto space and we got Bitcoin, Ethereum going up and down, up and down. But we're going to talk about a few airdrops that you can claim and something that is live. So we jump straight onto the laptop. The first thing is straight to the claiming is the Party airdrop is now claiming. Now, Party, I haven't utilized it, but the link will be down below. It is this one, Universal ALX. Go and check it out. This is the website. You will be able to see whether you log in or not. For example, with my MetaMask wallet over here, we can log in and see if you are eligible. For it or not. Once you go and log in, it will say eligibility yes, eligibility no. And then it's completely up to you to go and grab it. But I personally did not participate in this one. Never did I participate. The community is not super happy, as we see here. A bit of a joke, a bit of this. A community is like here and there. So let me know your location down below. But one other thing that we can go and do is to go and short it over here on Wix. Now, I put it over on my Twitter. I actually got liquidated today. Why? Well, I learned a lesson. I did open a very small position, a $12 position only for this one. But what is the lesson? Well, the lesson is to not overplay it. I put a 25x. I was down at like 150%. Then it went up. By the time it went, I believe this up over here, I got liquidated and then it's gone down. So I would actually be in profit, potentially 150, 200x or about $24. But I actually got liquidated today. So, you know, I show you the good and the bad of the trading. Today I got liquidated. But nonetheless, you can go and short it because, as you see here, community actually hate it. I will go and put more money in and now short it again because everybody's unhappy with it. And yeah, so go and take your profit. No financial advice whatsoever is just what I would do. And I will potentially get there. But if you also want to go and trade, there are other platforms. Like we do talk about Wix because I do like it and I do my biggest trading over on Wix. Yes, absolutely. And there is also $85 off for all of you and there is no KYC required and it works everywhere. So the link will be down below to go and join it. But remember that there is, for example, Kinto over here, which I do trade on my own. And they will have an airdrop. And very soon, I will leave you the link for Kinto down below. You go about six or seven more days to go and farm it. And how to farm it? Well, you either deposit stable coins on the Kinto app or you go and trade. When you go and trade, you will get the transaction fees and you will get rewarded the K token. Just like Hyperliquid over here for the season one. And yes, the season two is still ongoing. The point page is still here. Like they haven't taken out. So points will be coming soon. And also Hyperliquid is one of those platforms that you can go and trade, make money. Make profit. Be eligible for the season two. We got the season two of Hyperliquid. Link will be down below. And we also have the season one of Kinto coming very, very soon. So if you do not like another exchange like Quickstand, and I get it. I see your comments. Not a problem. I do see that yes, this, yes, no. There are others. Like Kinto is one of the ones that I am farming. Why? Because they have an airdrop soon. I do like to trade. And of course, like, these are my position. Like, it's not that I'm going to be right or wrong. For example, Solana over here, I play with other tokens. On Wix, I play with a few. On Kinto, I play with more or less the same, if not others. And it is completely up to you. But there are other options. This thing needs to have an airdrop. Wix is probably not going to have an airdrop. We got $85 for free. By simply setting up and trading $200. Open one trade, close it, you get $200. And then we got Kinto, which is going to have an airdrop. The token allocation and the token amount in terms of the dollar only depends on Kinto. So nothing you can do. And then you got Hyperliquid, which you already know. So there are other platforms out there. And I do use them all three. Yes, I do like Wix. I do like Kinto. And I do like Hyperliquid. Next up, we got Term Labs, Term Tokenomics. As you see here, they have reached out with their supply. We see 100 million tokens, community allocation, 56%, which could be nice. There is not much you can do now. There is no claiming. There is no allocation. There is no checker. There is no nothing. Let me know your allocation in terms of total points down below. As you see here, I got 232,000 points. So let me know down below yours. And let's see how it will. If it is $1.1, it would be absolutely nice. But it will not probably be. It will probably be like, I would say, 10,000 points equals $1.1 tokens. And I like that. Like, they have to delay because many people have many, many tokens. Last but not least, we also have Plaza Finals. Now, as we see here, Plaza yesterday came out with the possibility of the mainnet. There is a deposit cap of $10 million. The link will be down below. All you've got to do, just like the testnet, go and deposit. In this time, it is real Ethereum. There is no more off-testing. This is a proper, proper Ethereum. You go and deposit your Ethereum here, your WEETH. And to grab your WEETH, it is very simple. Simply go over to Jumper and swap them from the chain that you are over to Jumper on, for example, let's take Ethereum over here on Arbitrum. We go and put WEETH and we do have it over here. This is WEETH token. That's how you get the WEETH token to go and then deposit over onto Plaza Finals. Very simple, very easy. And the rewards will start coming in. So there is a cap, as we see here, 5,000 limit. It hasn't been fulfilled yet, but it could be something interesting to keep an eye out and see how it goes. So with that said, thank you for watching and I will see you all in tomorrow's video. Make sure to leave a like, subscribe and let me know in the comments your thoughts. Bye, guys.