Cuckoo Network, a decentralized staking platform based on Binance Smart Chain, has announced a mining airdrop campaign. The airdrop looks promising.
This article will be a step-by-step tutorial to participate in the airdrop campaign, to claim Cuckoo Network’s CK tokens. Also, we will look into its benefits, eligibility criteria, trustworthiness, and more details.
What is Cuckooger?
Cuckooger is another asset staking and swapping platform that is convenient, low-cost, and flexible. It works on the Binance Smart Chain, and the network claims that the architecture is more adaptable than the native Binance chain.
Cuckoo Network leverages the openness and transparency of the Binance Smart Chain. It has lowered the costs of most transactions and has better privacy protection. Now the platform only supports Cuckoo (CK)), Tether (USDT), and Binance Coin (BNB). You can stake these coins to earn rewards in the form of CK tokens.
The CK Tokens
CK token is the native token of the Cuckoo Network ecosystem. This deflationary token allows you to earn passive income through staking. Also, you will get benefits from the transactions of others. Here are some more details about the CK token:
| Token ticker | $CK |
| Contract address | 0xa5e39aa224e2d4a6971dd0fe7f69c1abfa569f21 (Binance Smart Chain BEP20) |
| Total supply | 100 Billion |
Is the Airdrop Free?
The airdrop is not completely free. Although there are no hidden additional charges, you should stake a minimum amount of 10 USDT.
Eligibility Criteria
- You should be at least 18 years old to participate in the airdrop campaign.
- KYC (Know Your Customer) verification is mandatory.
- Using a VPN (Virtual Private Network) to participate in the campaign is not recommended.
Step-by-Step Guide to Claim the Airdrop
The tasks involve registration, KYC verification, and mining. Also, there are additional tasks where you can boost your income. Let us get into details:
- Launch Cuckoo App: Visit the official website of Cuckoo Network and click “Launch App”. You can also launch the app by downloading the Android app.
- Register Account: Give your email address, set up a password, and complete security verification to register an account. Your password must contain uppercase and lowercase letters, and numbers, and should have at least 8 characters.
- Verify KYC: KYC verification is mandatory. Here are the details of the process:
- Enter your real name as in your ID.
- Enter your ID number. You can use any IDs approved by your government.
- Upload the front side of your ID.
- Upload the back side of your ID
- Upload a photo of you holding your ID.
- Be aware that the size limit is 10 MB per photo. Only jpg, jpeg, and png format images are supported.
- Now submit your data for review. Your KYC will be verified within 24 hours.
- Start Mining: After successful KYC verification, you can start mining. There are two types of mining pools; silver and gold.
- Silver Mining Pool: The minimum staking amount for the silver pool is above or equal to 10 USDT. The minimum amount of BNB is 0.02 BNB. You will earn CK tokens as a reward.
- Gold Mining Pool: The minimum staking amount is 100USDT or 0.2BNB. It is 10 times more powerful than the silver mining machine. The CK rewards for Gold will be 15 times more than the Silver pool.
How to Boost Your Earnings?
These tasks are not compulsory. But by doing them you can earn some extra bucks. Here are the additional tasks to do:
- Social Media Tasks: Join and engage in Cuckoo Network’s social media communities. Join Cuckoo Network’s Telegram channel to get 10000 CK. Follow Cuckoo Network’s Twitter (X) handle to get 10000 CK. Don’t miss these simple tasks that give you big rewards.
- Invite Friends: You can earn by inviting your friends. But your friends should also complete the KYC. When you invite a real KYC user, you will receive 18% of their earnings as a reward for each profit they earn. Navigate to the user dashboard and click “Invite Friends” to get your referral code.
Is Cuckoo Airdrop Trustable?
The Cuckoo Network is governed by a DAO (Decentralised Autonomous Organization). It is fully open and the transparency makes them trustable. The community members have the opportunity to participate in all areas including the decision-making process.
However, trusting any projects blindly and investing in them will be a dumb decision. Do your own research before staking. Don’t forget to read their whitepaper. Examine the trustworthiness of Cuckoo Network yourself.
Final Thoughts
Cuckoo Network has a strong architecture that may generate more users for the platform. Their Telegram channel has 28K subscribers now, and the community is growing rapidly.
However, as it is not a completely free airdrop, it is important to double-check your decisions. You should do so at your own risk and conduct your investigations and research before deciding to participate.
Read more: What Are Blockchain Sleuths? Top 5 On-Chain Sleuths
