💥 Monad Testnet Live! 💥 Kaito, Caldera, Linea, Doodles and More Airdrop News 🚨
Crypto Currency State
4 months ago
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Executive Summary
Alright, let's dive into the latest crypto happenings and airdrop news!
This video provides an exciting roundup of major developments in the crypto airdrop space, focusing on the highly anticipated Monad testnet launch, significant updates for NFT projects like Doodles and Kaito, and crucial news for layer-2 ecosystems like Linea and bridging solutions such as Caldera and Jumper. It also touches on current market conditions and strategies for parking capital during downtrends, giving a comprehensive look at opportunities and challenges in the DeFi world.
Here’s a breakdown of the key topics and insights:
- Monad Testnet Goes Live: The Monad testnet, one of the most hyped and anticipated launches of 2024 (and heading into 2025), is now live. Comparisons are drawn to Verachain, another highly anticipated project, but Monad is expected to have an even bigger turnout due to already securing serious partnerships and delivering amazing airdrops for its partner communities. The presenter feels Monad might even have better technology than Verachain, making it a project to participate in vigorously in hopes of future rewards.
- Parking Capital During Market Downturns:
- Verachain: A decent stablecoin deposit APR of 50% is available on the Verachain application, making it a good place to generate reasonable yields if you're looking to airdrop farm on Verachain.
- Multiply Finance: This new platform on the Binance Smart Chain (BNB chain) also offers double-digit APRs on stablecoins. It's more for yield generation than airdrop farming but still a solid option for parking capital.
- Reasons for Market Downturns: The current market slump is attributed to a bizarre trend of countries "rugging their citizens," with a specific reference to Thailand's government, which apparently saw one of its officials hacked back in February. Despite this, if you believe this is just a small correction in a bull market, it’s considered a good "buying-to-date opportunity" for high-conviction assets like AI tokens, Bitcoin, or Ethereum.
- NFT Holder News – Doodles: Good news for Doodles NFT holders! A "Dood token" is expected to be distributed around Q1 2025. It will have a supply of 10 billion tokens on Solana and will also expand to other ecosystems. This insight comes from an "NFT messiah" in the Discord community who has accurately predicted recent NFT trends, adding a layer of credibility.
- Kaito Token and Snapshot: The Kaito token is coming, and its Yaps snapshot was taken on February 17th at 4 AM UTC. Kaito NFT Genesis holders will receive Yaps. While official tokenomics data is preliminary, some "Moonboy maths" suggests one YAP could be worth a staggering $300, which would make it one of the most lucrative airdrops in recent months. The presenter believes Kaito's tokenization makes perfect sense because it essentially "monetizes attention," which is a crucial asset in the modern world. The Kaito Genesis NFT floor price is currently around 4 ETH, down from peaks of 8-9 ETH, but considering the mint price was 0.1 ETH, it’s still seen as a potentially very good opportunity.
- Celestials – Speculative Airdrop on Forma Chain: There’s a speculative airdrop opportunity on Forma chain with Celestials, a naming service. By participating, you’re farming Astria and Forma simultaneously. You bid on a name you want to use on Forma chain, with smaller character names costing more. You need to start an auction, and if your name isn't outbid, you get it for your Forma chain identity.
- Bridging to Forma Chain: To get assets on Forma, you can use the official Forma chain bridge, which is recommended because it helps accumulate Hyperlane transactions, which are highly recommended before the official Hyperlane snapshot. Alternatively, the "best bridge of this galaxy," RelayLink, is also an option, praised for connecting many blockchains seamlessly.
- Discord Community Invitation: You are encouraged to join the Discord for early access to information on projects like Hyperlane and Bayes speculation, along with specific discussions for various active airdrops. All subscription and airdrop tracking application links are available in the video description.
- Caldera Foundation Token Launch: Caldera Foundation has announced its token and a retroactive airdrop. The ticker will be $ERA, but the token is not yet live. All details will be communicated in due time.
- Abstract App Hacked: Abstract faced a recent hack, but fortunately, it was limited to only one specific dApp,
Kardex_underscore_space
, due to negligence with session keys. All other functionalities, including Abstract's global wallet contracts, remain safe and are reportedly working as intended. - Linea Updates: For Linea farmers, there's good news: all Sybil appeals for the Linea ecosystem have been reviewed. A significant number, 3,500 false positives, have been removed from the Sybil list. You can check your account's safety via a link in the official post mentioned.
- Jumper Exchange and Li-Fi Expansion: Jumper Exchange, a favorite bridging solution, is expanding with Li-Fi 2.0. It's considered one of the best interoperability solutions on the market. The presenter anticipates an airdrop from Jumper sometime in the future as users collect "experience points" through their interactions.
This update covers a lot of ground, from the big-name airdrops to smaller, speculative opportunities, and crucial market insights, making it a must-watch for anyone involved in crypto airdrop farming.
Transcript
Transcript
Monad testnet goes live. Best places to park your capital during times of market downtrends. So much more claims, announcements. Let's go. Starting with Monad, this has been one of the most hyped up anticipated testnet launches of 2024 and going into 2025. And just to draw some parallels, Verachain was very similarly anticipated. However, on day one, there has already been 250,000 wallets farming this one. So I am expecting a very similar turnout, if not bigger, for Monad. The only difference is that Monad has already secured serious partnerships. They have already done really amazing airdrops for their partner communities. And maybe, just maybe, they actually have a better tech stack, better technology than Verachain. So from that perspective, I am actually going to be doing my best to participate in all Monad activities. And hopefully, this is going to be all worthwhile somewhere down the line. Now, if you're looking for some places to park your capital during these moments of downturns, for example, we've already just mentioned Verachain, there is a very decent stablecoin deposit APR of 50%. So if you're just looking to maybe airdrop farm on Verachain, you have this application called Verachain. And here you can generate some completely reasonable yields. This is, of course, APR on the yearly level. And the other one you also have is just that is just launched on BNB chain, so on Binance Smart Chain. It is a multiply finance. It is, of course, also double-digit APRs on stablecoins. But this is slightly less from the airdrop perspective, just from a yield perspective, if you're just looking someplace to park your capital. And in case you're wondering why the markets are down bad this much, it is actually a trend that countries are actually rugging their citizens. It is beyond crazy. We've already covered this with Argentina, with Central African Republic, but apparently Thailand has launched all of this madness way back in February 10th, when apparently one of their officials from the government was hacked. So believe that, if you will. But long story short, our precious tokens and everything is down bad for the last couple of days and weeks at this point. But if you still believe that this is a bull market, that we're still in a bit of a small correction, then it kind of makes sense to load up on your high-convection place, whether it's AI, whether it's just top three, Bitcoin, it's all. Whatever the case, it is probably a good buying-to-date opportunity, not financial advice. Now, some better news is for NFT holders. We have one guy who is a Web3 founder in our Discord, and he's kind of like my NFT messiah, because he has predicted all the NFT trends that have happened over the last couple of weeks and months, starting with Tezuki, also following along with Doodles. Apparently, there's going to be a Dood token with 10 billion of supply on Solana, and he's also going to be expanded to other ecosystems. But basically, if you're holding a Doodles NFT, you can expect a token distribution somewhere in Q1 of 2025. Next, we have some really great news from Kaito. Kaito token is coming, and the Kaito Yaps snapshot has been taken on February 17th at 4 a.m. UTC. Of course, if you are a Kaito NFT Genesis holder, you're also going to be receiving some Yaps, and we don't really know how much is going to be each, according to tokenomics, because only a preliminary data is shown yet, but some Moonboy maths are indicating that one YAP is going to be worth $300, which is beyond crazy. It would be one of the better airdrops over the last couple of months, if that is the truth. But again, we will keep you updated as more information comes along. This was very, very understandable that they're going to eventually tokenize because Kaito is basically monetized attention, and attention is probably the most important asset in the modern world. So it makes perfect sense that this kind of project potentially does really, really well. If you're maybe planning to get the Kaito Genesis NFT, currently the floor price is around 4 ETH, down considerably from the highest peaks of about 8-9 ETH. Considering that the mint price was 0.1 ETH, this is still probably a very, very good opportunity. Now, another little more speculative erdip opportunity on Forma chain has to do with Celestials. This is a naming service on Forma, so you're farming essentially Astria and Forma at the same time. And here you basically input the name that you want to use on Forma chain. You have to put it up for auction. You can go as little as one Celestia if you want to go with a name with six or more letters. So the smaller the amount of characters the name has, the higher the price. This is how it always goes. So you need to start your auction, and after a certain amount of time, if your name has not been bid up by someone else, which in most cases it won't be, you're going to actually get this name for your Forma chain identity. If you still don't have any assets on Forma, you need to use the Forma chain bridge. Of course, this is the one that we recommend because until the Hyperland snapshot is officially announced that it has been taken, it is highly recommended to still get those Hyperland transactions in, and this is the way that you can do so from Celestia to Forma. Alternatively, you can, of course, use the best bridge of this galaxy, which is Relay. I have literally not found a better bridge solution that connects all the blockchains that I have ever used and maybe will ever use. So yes, if you don't want to use the official bridge from Forma chain, you can also use RelayLink. As always, if you want this kind of information early, if you want to know all these things before it goes on YouTube, our Discord is the place to be. We talk about all these things and much more, such as maybe some Hyperlane, maybe some Bayes speculation. We will see what happens next week. But all this information is nicely positioned in our announcements tab, in our airdrop distribution tab, in general tabs. And we, of course, check many active airdrops if you want specific discussions for projects that you are most passionate or bullish about. If you want to know more about these things, of course, you can join in our official Discord. All the links about subscriptions and airdrop tracking application will be in the first link of the video, as always. Next up, we also have great news from Caldera Foundation. They have announced their token and retroactive airdrop. The ticker is going to be ERA. Just keep in mind the token is not live and that, of course, it is all going to be communicated in due time. Now, slightly less great news is coming from Abstract, which has been hacked recently. Unfortunately, just one DAP and all the other things regarding Abstract's functionality, such as Abstract, Global Wallet Contracts and everything else is safe for just this particular app, which is a Kardex underscore space. This DAP was hacked. Unfortunately, some kind of negligence with session keys was in this situation. But everything else regarding Abstract chain and all of these functionalities are apparently working as intended. And for the linear farmers out there, you'll be happy to see that the Sybil appeals for linear ecosystems have been all reviewed and there's been a huge amount of 3.5k false positives which have been removed from the Sybil list. So if you want to check that your account is safe, you can do so on the link from this official post. So to wrap things up, one of my favorite bridges is, of course, Jumper Exchange and they're coming out with a Li-Fi 2.0 expansion. Now, this is a hugely comprehensive list of amazing. Let's not be impatient here now. I'm sure they're going to do an amazing airdrop sometime down the line. We are collecting our experience points, whatever they want to call it, over all this time. And not to joke around too much. I mean, let's be real. This is one of the probably best interoperability solutions we have on the market. So if you want to see all the amazing upgrades, updates they have for their product, sure, I will leave the link to this, of course, alongside all the other links in the first link of the description of this video. And that is a wrap for all the topics for today. If you find the content valuable, make sure to like and subscribe with bell notifications on. If you have any questions or comments, drop them in the comment section below. And if you want to take your game to the next level, we're waiting for you in our Discord. Until next time, have an amazing day.