Axelar Network, an overlay network that connects blockchains, has announced its airdrop. The airdrop works with a telegram bot which makes it easy to claim. Let us get into the details. In this article, we will outline the Axelar Network and its native token AXL, and we will dive into a step-by-step guide to claim AXL airdrop, also we will take a look into the benefits of this airdrop, eligibility criteria, and more.
What is Axelar Network?
Axelar is an overlay network, which securely connects all blockchain ecosystems, applications, assets, and users to deliver better Web3 interactiveness. In short, Axelar is a blockchain that connects blockchains. To do this securely, the Axelar network uses proof-of-stake consensus mechanisms. Network validators produce new blocks and participate in multiparty signing. They also vote on external chain states.
The project is still in its budding stage, and their token $AXL is yet to receive a grand appreciation. Now they have a market cap of four hundred million dollars. Token holders usually stake $AXL to a staking pool to receive rewards as the validator’s commission.
The AXL Token
$AXL is the native, proof-of-stake token of the Axelar network. $AXL is primarily used for governance, allowing the stakers to practise governance over proposals. Here is the tokenomics:
- 36.00% is allocated to Community Programs.
- 29.50% is allocated to the Backers.
- 17.00% is allocated to the Team.
- 12.50% is allocated to Company Operations.
- 5.00% is allocated to Community Sales.
Benefits of Axelar Airdrop
- You can earn 400 AXL just by joining their community.
- You can earn 140 AXL when you add your friend. The more friends you add, the more AXL you get.
Eligibility Criteria
You should be at least 18 years old and, you should have a working Telegram account. It is mandatory to join their official Telegram channels to become eligible for the airdrop. You will find the links to those channels in the bot itself.
Step-by-Step Guide to Claim Axelar Airdrop
- Visit Axelar Airdrop Bot on Telegram. Make sure that you have accessed the official bot of Axelar. There are many fraudulent bots around.
- Start the Bot by clicking “Start”.
- Join both “Axelar Central” and “Airdrop Search Center” Telegram channels.
- Click Continue.
- Submit your Telegram username for them to verify that you have joined these channels. The verification will be completed instantly.
- Now submit your Axelar wallet address. Remember that Axelar is an ERC20 token. Create your address through your wallet and paste it here.
- Now, 400 AXL Tokens will be credited to your account balance.
- You will now get your referral link. Share this link with your friends to earn 140 AXL Tokens each. When any of your friends join through the link, 140 AXL Tokens will be credited immediately to your account.
How to Withdraw AXL Tokens?
You need at least 5 referrals to withdraw your AXL Tokens. After adding 5 friends, you can click the withdraw option to initiate a withdrawal request.
Is This Aidrop Trustable?
Axelar Network has done successful airdrops previously and you can trust them. But sometimes telegram bot airdrops can be dangerous. So, double-check before accessing the airdrop. Visit Axelar Network’s official website to verify whether the airdrop has ended, or is it live.
Conclusion
Axelar Network is a relatively new project, and their native & governance token $AXL has a huge potential to grow shortly. In April 2022, the crypto giant Osmosis selected Axelar as its canonical bridge provider, bringing liquidity into Osmosis.
Since then, Axelar has bridged over $100 million (USD-equiv) of ERC-20 stablecoins into Osmosis.
Axelar coins will be a great asset to your ERC2O wallet. But it is important to note that this time they have provided us with a Telegram bot to participate in their airdrop instead of their Web App. So it is important to double-check the genuineness of the airdrop. It is better to do your own research.
Read more: How To Claim GameFi Play-To-Earn Airdrop? Benefits & Eligibility.
