There are rumors that the Nomic Network will be airdropping soon. As a bridging protocol and staking solution for Bitcoin, Nomic hasn’t airdropped for a while. The community expects an airdrop will be live in August or September.
In this article, we will discuss the genuineness and benefits of the airdrop. We will provide you with a claiming guide, along with launching and ending dates. Also, we will look into the withdrawal process and eligibility criteria for the airdrop.
What is Nomic?
With the help of a Bitcoin bridge, users can use their BTC in other blockchain networks. Bitcoin bridges enabled blockchain interoperability and increased the use case of the coin. Nomic is one of the Bitcoin bridges.
With Nomic, Bitcoin can engage with other blockchains enabling the functions of smart contracts and dApps. The ecosystem uses its native coin NOM for governance, transactions, and staking.
Is There a Nomic Airdrop Ongoing?
The previous airdrop campaign of the Nomic chain was in 2022. It has been almost 2 years and 6 months since the last airdrop. Nomic chain is continuously updating, and new partnerships are announced, so users expect an airdrop soon.
But there is no official confirmation of an airdrop as of today, 01/08/2024. We went through the official website and social media handles of Nomic, and couldn’t find an airdrop announcement.
But, if an airdrop arrives, with the practical experience from previous airdrops, we can guide you through the claiming process of this potential airdrop.
Eligibility Criteria For the Airdrop
Is This Airdrop Free?
As we said, the airdrop won’t be free to participate. You should hold BTC to become eligible. Also, there will be gas fees for transactions. If you don’t have BTC in your wallet, buy some or skip this airdrop.
Step-by-Step Guide to Claim the Airdrop
This guide is similar to the processes of the previous airdrop. As the airdrop campaign is not yet live, changes may happen in the next steps. However, here is the detailed guide:
- Access Nomic App: Visit the official website of Nomic and open the Nomic App.
- Connect Wallet: Connect your Web3 wallet. MetaMask or Walletconnect is preferred. But you can connect with any of the EVM wallets. Connecting from your smartphone is not recommended.
- Buy Some NOM: Go to the swapping interface and buy some NOM tokens. This can be used for gas fees. You can swap your USDT, ETH, or BTC.
- Stake Your BTC: Visit the Staking interface and go through the staking process. Choose your desired amount of BTC and approve the transaction request.
- Rewards: The staking rewards will be updated daily in your user interface. Click Claim to transfer them to your wallet.
- Invite Friends: Unlike the previous airdrop, this time Nomic may have a referral task. Users can invite friends to join the staking pool. Mostly, they will be rewarded with a percentage of the staked amount.
How to Withdraw Your Earnings?
After claiming the rewards, tokens will be transferred to your wallet automatically. Pay the gas fee and transfer the tokens. To swap to USDT or other tokens, connect the wallet to a decentralized exchange, or send the tokens to your CEX wallet.
Nomic Airdrop Launch Date & End Date
As we said earlier, we are not sure about an airdrop announcement. There are rumors that an airdrop will launch in August or September, but there is no official confirmation about this.
To stay updated with the key dates, follow Nomic’s Twitter (X) profile and Telegram channel. Also, engage with the Nomic Telegram community. If the community pushes the need for an airdrop, after a voting process, the devs may launch the campaign soon.
Final Thoughts: Is This a Trustable Airdrop?
There is a strong possibility of an official announcement about an airdrop campaign from Nomic. So, instead of discarding the rumors, it is better to follow the platform closely. Turn on the notifications, and be an early participant.
Nevertheless, proceed with caution especially if you have to invest your asset in the airdrop. Do your own research instead of merely believing in reviews to grasp the genuineness of the platform. Thank you for reading.
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