There are already several airdrop guides surrounding the web about ApeCoin airdrop. Most of them are spam that will make you question the genuineness of Apecoin. This is because of the strong rumors that the APE ecosystem will organize an airdrop campaign for their ERC-20 token Apecoin ($APE).
But there is another meme-coin called APE built on Solana, which is relatively new and has a market cap of two hundred fifteen thousand dollars. The meme Apecoin was listed last week on Poloniex, a decentralized crypto exchange.
To celebrate the listing of Apecoin, Poloniex has organized an $8000 airdrop campaign. In case to avoid confusion, this article is not about Bored Ape Yacht Club’s Apecoin, but this recent memecoin Apecoin.
This article will provide you with a step-by-step guide to participate in Poloniex’s APE airdrop campaign. Also, we will check the benefits, eligibility criteria, launch date, and more. Let’s start.
What is the Apecoin the Memecoin?
Apecoin is a meme coin that has no intrinsic value. The token has no use cases like all other meme tokens. It is built on the Solana blockchain. Here are the token details:
| Token Ticker | $APECOIN |
| Contract Address | A3KMZW3UHZubk3vf5DXiPtHZpnPgHUhNLaWCVx413euw |
| Total Supply | 1,000,000,000 APE 1,000,000,000 APE |
| Today’s Market Cap | $215,957 |
Eligibility Criteria For the Airdrop
- You need a Poloniex account. Only KYC2-verified accounts are eligible for the airdrop.
- You should be at least 18 years of age.
- You should have a spot trading volume greater than or equal to 200 USDT.
- The maximum reward for an individual user is $20 APECOIN. Don’t create multiple accounts with a VPN, you will be disqualified.
- Market makers, employees, and insiders cannot participate.
Is This Airdrop Free?
As we covered earlier, those who reached a trading volume of 200 USDT in the Poloneix exchange are eligible for the airdrop. The airdrop is not free. However, there are other reward points for newcomers to the Poloniex platform. Do check them out if you are not eligible for this airdrop.
How Does the APECOIN Airdrop Campaign Work?
APECOIN airdrop works by increasing your cumulative trading volume. You have to buy & sell APECOIN coins continuously to increase your trading volume. APECOIN/USDT is the only valid trading pair. The rewards are in APECOIN. You can later swap to your desired cryptocurrency.
Step-by-Step Guide to Claim the Airdrop
- Visit Polonix: Visit the official site of Polonix and navigate to the signup page. You can sign up from a PC or a mobile device.
- Sign Up or Log In: You can create an account through an email address or phone number. Verify your email or phone, and proceed.
- KYC Verification: Now, complete your KYC details and wait for verification. Verification time may vary depending on the availability of employees. It will take anywhere from 10 minutes to 24 hours.
- Fund Your Account: Transfer some USDT to Poloniex. If you think the gas fees are high, look for coins with low gas fees, transfer them to Poloniex, and convert them to USDT.
- APECOIN/USDT: Find APECOIN/USDT pair and start trading. Remember, you should have a spot trading volume greater than or equal to 200 USDT to qualify for the airdrop.
- Invite New Users: During the airdrop campaign, users can invite their friends to join the platform and get rewarded. Both the inviting user and the invited user will share from the $2,000 APECOIN airdrop reward pool.
The APECOIN Reward Details
There is a total of $6000 APECOIN as a reward. Reward calculation will be based on the price of $0.000004 per APECOIN. Here are the details of the leaderboard:
| Ranking by Trading Volume | Reward (APECOIN) |
| 1st | $288 |
| 2nd | $188 |
| 3rd | $88 |
| All other qualified users | Share $5,436 in proportion to their trading volume |
How to Withdraw Your Rewards?
The rewards will be distributed within 20 days after the end of the campaign. You can convert your APECOIN to any other crypto, or HODL it for a potential future earning. However, the meme coin market is volatile, and anything can happen.
Airdrop Launch Date & End Date
The airdrop started on June 25th, 2023 at 10:00 UTC. The campaign period is 7 days. Don’t worry if the campaign has ended. There are other ways to earn from the Poloniex exchange. They always come up with weekly airdrop campaigns.
Final Thoughts: Is This a Credible Airdrop?
Apecoin the Memecoin will get exposure from the already established ERC-20 Apecoin. So, there is a chance that this coin will surge in the upcoming altcoin bull run.
If you accumulate some Apecoin through this airdrop campaign, you can diversify your portfolio and earn a potential fortune. Anyway, do your research before the participation. Happy airdropping.
Read more: How To Claim PepeFork (PORK) Airdrop? Eligibility, Launch Date (listing date)
