Elys Network is a high-speed Layer-1 blockchain made using the Cosmos SDK. The network is a comprehensive financial platform offering a range of decentralized financial applications within the ecosystem. Elys is organizing their airdrop, and crypto experts are waiting for their chance to grab the free tokens. You can participate too. Check out our analysis of the Elys Network Airdrop with the functionalities, token information, claiming process, and program credibility.
Let’s get started:
What is an Elys Network Airdrop?
Elys Network is a prominent platform in the Cosmos ecosystem. The system offers a robust suite of decentralized financial services. Built on the Cosmos SDK, the network prioritizes speed and efficiency. Elys simplifies the user experience for both crypto experts and newbies.
Elys is gearing up for its mainnet launch with an exciting airdrop for active testnet participants. The airdrop attracts new users by offering free tokens. This increases token distribution and adoption generating buzz and publicity for the project.
The tokens might potentially increase in value after the airdrop. Elys Network is all set to introduce its governance tokens, and as a part of the launch of the platform, they are conducting the airdrop. This is a strategic move that could reward early supporters and foster community engagement. The distribution of crypto tokens aims to reward the early supporters while fostering community engagement.
How to Claim Elys Network Airdrop?
Elys Network has officially confirmed the upcoming airdrop and additional rewards for active testnet participants. This is exciting news for investors involved in the project. Are you ready to grab the free tokens? We will help you through the process. Check out the step-by-step process of claiming your free tokens:
Step 1: Connecting your Wallet
- Download and install the Keplr Wallet after visiting the official website of Keplr.
- Visit the Elys Platform.
- Once on the platform, connect your Keplr wallet to the platform. This will allow you to interact with the Elys ecosystem.
- Link your Twitter and Discord to the Elys platform as required.
Step 2: Claiming Testnet Tokens on the Elys Network
- Navigate to the designed Elys testnet faucet URL provided by the platform.
- Connect your Keplr wallet to the faucet interface. This ensures that the climbed tokens will be sent to the correct address.
- Locate the “Claim Tokens” on the faucet page and click it.
- Follow any additional prompts or confirmations required by the faucet.
Step 3: Swap the Tokens
- Navigate to the designated swap section on the Elys platform.
- Select the specific tokens you want to swap. This usually involves choosing the token you currently hold and the token you wish to acquire.
- Input the desired amount of tokens to swap and complete the swap transactions.
Step 4: Stake the Tokens
- Navigate to the staking section of the Elys platform.
- Click on the “Manage” or “Stake” button to access the staking interface.
- Enter the amount of tokens you wish to stake. Be aware of any minimum staking requirements.
- Review the staking details and confirm the transaction by signing it with your Keplr wallet.
Step 5: Adding Liquidity
- Navigate to the liquidity mining section of the Elys platform.
- Choose a suitable liquidity pool based on your desired token pair and risk tolerance.
- Deposit an equal value of both tokens into the selected liquidity pool. This creates a liquidity position.
Step 6: Referrals
- Return to the main page of the Elysys platform and visit the referral page
- You can now copy your referral link and distribute it to your friends and passionate investors through your social media.
Step 7: Engaging with the Platform
- Look for and complete various simple tasks as outlined by the platform. These tasks might include social media interactions, completing tasks, referring friends, and joining the community channels.
What is the eligibility for participation in the Elys Network Airdrop?
The eligibility criteria for most airdrops are similar. They require you to follow social media channels and actively participate in the project. Once you confirm your participation and your loyalty towards the platform convince them, you can participate in the airdrop.
Is Elys Network Airdrop Free?
Participating in the Elys Network Airdrop is free of cost. This is the right chance for you to participate in the event. You can grab the free tokens without the burden of investing a large sum of money. Make the most out of this opportunity and be a part of the crypto community.
When is the launch date of the Elys Network Airdrop?
As per the latest reports, the launch date of the Elys Network Airdrop will happen in the second quarter of 2024. Until the date is confirmed, you can check for the major details of the project and its vision. This is an important step in the whole process.
Why should you participate in the Elys Network Airdrop?
- No upfront investment for participation.
- You can connect with other crypto experts.
- There might be rewards in addition to the crypto tokens.
- As the token value increases over time, this could be a future asset.
Elys Network Airdrop: Final Thoughts
Elys Network airdrop seems to be a legitimate option for passionate investors. This allows you to invest in the future. Make sure to store your private keys and recovery phrases in a safe location. Be aware of suspicious websites.
Before diving into any airdrop program, it is mandatory to conduct an in-depth analysis of the project. To keep your investments safe and secure verify the authenticity of the airdrop through official channels.
Read more: How To Claim Brett (Based) Airdrop? Eligibility, Launch Date (Listing Date)
