Multiple airdrops are happening with the STAKE. A trading competition of Stake tokens is live on BitMart, it is going to be listed on the MEXC Exchange, and more events are being announced.
Used as an incentive token for crypto users, the Stake token is slowly gaining popularity around the crypto space. Apart from the trading competition, an airdrop in partnership with BitMart is announced now. In this article, we will go through in-depth details about Stake tokens, including the airdrop claiming and withdrawal guide.
What is Stake Token?
Stake token primarily works as an incentive token. It is used to incentivize Web3 users to expand their crypto knowledge. The total supply is 500,000,000 STAKE. Constant updates regarding the Stake’s utility, technological strategy, and plans may increase its value in the coming months.
First Airdrop: The BitMart STAKE Campaign
Stake, in partnership with BitMart, is organizing a trading competition and an airdrop campaign. The airdrop consists of some social media tasks and filling out a Google form. There will be 4000 $STAKE tokens to grab for 2000 winners.
Eligibility Criteria For the Airdrop
- A KYC-verified BitMart account.
- A Twitter (X) account with at least 3 followers.
Is This Airdrop Free?
Yes, the social media airdrop is free to participate. There are no hidden charges for the airdrop. However, the net buying competition of STAKE is also live on BitMart. For that, you have to buy a minimum volume of 100 USDT.
Step-by-Step Guide to Claim the Airdrop
- Twitter (X) Tasks: Visit Twitter (X) and follow the official handles of BitMart Exchange, BitMart Research, and Stake Token.
- Telegram Tasks: Join the official Telegram channels of BitMart Exchange & Stake Token.
- Like & Retweet: Like the Airdrop announcement post from the BitMart Twitter handle. Also, retweet the post and tag 3 followers. Screenshot the retweeted post.
- Google Form: Find the link to the Google Form from the airdrop announcement tweet and fill it out.
- Final Step: In the Google Form, give your Twitter Username, Telegram handle, and BitMart CID (the 8-digit user ID), and upload the screenshot of the retweeted post.
Second Airdrop: The MEXC Listing of STAKE
The listing event of STAKE began on the MEXC exchange. Users can commit their MX tokens, the native token of the MEXC exchange, and vote for STAKE tokens to earn from a pool of 20,000 STAKE and 30,000 USDT.
This event is exclusively for MEXC exchange users with a minimum balance of 1000 MX tokens. Those who are looking for free airdrops can skip this airdrop campaign. Also, you have to HODL MX for 30 days. So, your tokens will be locked for 30 days. Here are the eligibility criteria:
Eligibility Criteria for the Airdrop
- Only verified accounts of the MEXC exchange can participate in the airdrop.
- Users have to hold a minimum of 1,000 MX for 30 days before 27-07-2024.
- A minimum of 1000 MX is required for voting. The number of tokens shouldn’t exceed 500,000.
How to Withdraw Your Earnings?
Stake will be credited to your account within 15 days after the BitMart campaign. With the MEXC airdrop campaign, the airdrop rewards will be distributed within 1 hour of the event’s conclusion according to your participation ratio.
With both the exchanges, users can convert their STAKE to USDT, or HODL the token for potential future gains. It is better to HODL because experts predict that an altcoin bull season may arrive this year.
STAKE Listing Date & Withdrawal Date
The MEXC airdrop will end on 30th July 2024. After that MEXC exchange will officially list STAKE tokens. For the BitMart campaign, you have to wait 15 days to withdraw the tokens.
Final Thoughts: Is This a Good Airdrop?
As a relatively new token in the crypto ecosystem, Stake is aiming for large-scale visibility through these airdrop campaigns. The events are not fraudulent, and real benefits await you.
However, after the listing, the value of STAKE tokens can go up or down and there is a risk element in it. You should carefully do your research before approaching any kind of airdrop.
DYOR, and happy airdropping!
Read more: How To Claim Symbiotic (SYMBIOTIC) Airdrop? Who Is Eligible, Launching Date, & More
