Base Airdrop Guide: Activities Revealed
Base stands out among various Layer2 blockchains. Should it launch its token, early network adopters might be in for an airdrop.
Coinbase introduced the Base crypto network in early March 2023. As per DeFiLlama analytics, the blockchain's TVL stands at $130 million, with its ecosystem showing consistent growth and evolution.
Let’s delve into the top applications and the buzz around activities that might lead to a Base airdrop. Although Base has yet to release its token, the prospects of its emergence remain promising.
Cross-Chain Bridges
To get started with the Base network, one needs to transfer funds via one of the following bridges:
- Base's Official Bridge;
- Orbiter Finance;
- Stargate Finance;
- Bungee;
- Merkly;
- Wormhole.
Although using the official bridge might seem like the obvious choice, other platforms sometimes offer more competitive deposit and withdrawal fees, making them a sensible option. Moreover, the more interactions your wallet has with smart contracts, the higher its reputation in the explorer.
DeFi Applications
These include decentralized exchanges, lending protocols, and liquidity farming platforms, among others. Here are some of the most notable ones:
- SushiSwap;
- SynthSwap;
- Slingshot;
- Odos;
- Maverick.
Beyond mere token trading on these dApps, users can engage in liquidity farming, stake assets for diverse annual yields, and more. It's significant to highlight that Slingshot exchange is mulling over introducing its token, with a potential retroactive drop, which we've delved into in another article. As a result, it's a win-win: activities directed towards a Base drop could simultaneously qualify for Slingshot's distribution.
Cryptocurrency Quest Platforms
On platforms like Zealy, Galxe, Guild, and Layer3, users can undertake various tasks associated with the Base blockchain. Successfully completing some of these tasks can yield NFT rewards, roles in Discord, and exclusive prizes from both the Base team and other projects hosted on the blockchain.
Smart Contract Deployment
Creating your own ERC20 token or NFT could be one of the tasks required to receive an airdrop. There are two main approaches:
- Manually craft a contract using Open Zeppelin and deploy the asset via Remix Ethereum, taking advantage of the Base network's EVM compatibility;
- Use Thirdweb to design a token based on preset templates. Our website provides detailed insights on this service.
Once produced, you can send these tokens to other wallets, list them on exchanges, or burn them. Engaging with these tokens invariably enhances your wallet's activity.
Transaction Fees on Base
Interacting with cross-chain bridges can be the most expensive, typically costing between $5 to $20, influenced by the time and network traffic. Conversely, conducting token trades within Base or transferring coins typically runs between $0.2 to $0.3.
Within the Metamask wallet, you can adjust the Gwei (the transaction fee rate) downward to as minimal as 0.007-0.01. This means most transfers will only cost a handful of cents.
