Airdrop: Exploring The Diverse Forms of Airdrops In The Mitosis Ecosystem

Since ancient times, human beings have been hardwired to seek rewards. These rewards could be in form of collecting gold coins in medieval quests to earning loyalty points at your local grocery store, the principle remains the same; people love being rewarded for what they do especially when those rewards feel earned.

Interestingly, this behavioral trait has taken new form in blockchain as airdrops have become one of the most exciting and anticipated ways to engage users. These digital “thank-you” tokens are more than just freebies; they symbolize recognition, loyalty and early support for some decentralized projects. In decentralized finance (DeFi), few things spark as much excitement as free token distributions that reward early adopters, community members and active users.

For Mitosis, a Layer 1 blockchain transforming DeFi with its Ecosystem-Owned Liquidity (EOL) model, airdrops are a cornerstone of its strategy to build a loyal, engaged community. Airdrops come in many forms, each with unique mechanics and purposes. In this article, we’ll dive into the diverse types of airdrops and explore how Mitosis leverages them to supercharge its ecosystem. You will also learn how to position yourself for these rewards .

Types Of Airdrops In Web3 Airdrops in the blockchain space generally fall into the following categories:

1. Standard (Retrospective) Airdrops Tokens are distributed to wallets that meet specific criteria, such as holding a specific token or participating in a community. These are often retrospective and reward early adopters or contributors. These are based on past behavior or user activities. If you interacted with a protocol before a certain date or held a specific asset, you qualify.

Examples : a. Uniswap (UNI) – retroactive to wallets that used Uniswap. b. Arbitrum (ARB) – rewarded users who used their bridge and ecosystem protocols before snapshot.

Just A Thought : Early testers of MitoBridge, MitoSwap or users active before mainnet launch may receive $MITO.

2. Staking Airdrops Participants earn tokens by staking an existing token or NFT in a protocol. These users are rewarded for supporting the protocol’s network security or liquidity. Staking a token or NFT makes you eligible for periodic or surprise airdrops.

a. DYDX & Cosmos ecosystems reward stakers with protocol tokens. b. Sui’s “Sonic” campaign rewarded stakers with point multipliers and tokens.

Just A Thought: Users who stake LP tokens on MitoSwap or future governance staking could be rewarded in $MITO or new partner tokens.

3. Task-Based or Quests Airdrops Users complete specific actions (e.g swapping tokens, minting NFTs, engaging on social media) in exchange for points or eligibility for token distribution.

You earn points or eligibility by completing missions such as: a. Interacting with smart contracts b. Voting in governance c. Completing on-chain and off-chain quests on platforms like Layer3, Galxe, Zealy, and TaskOn

Just A Thought: Quests across multiple platforms earn users MITO Points Tasks include bridging assets, swapping, engaging socially and more Expect a strong correlation between MITO Points and future token allocation.

4. Holder Airdrops Rewards are sent to users who hold certain NFTs or tokens, rewarding loyalty and long-term belief in a project. Simply holding certain assets can qualify you for exclusive airdrops.

For instance; a. NFT projects like BAYC dropped ApeCoin to holders. b. Linea and Starknet used this method for testnet NFT holders.

Just A Thought: Future NFTs tied to Mitosis governance or gamified events could be airdrop-eligible Holding bridged assets or LP tokens may also unlock exclusive airdrops

5. Referral Airdrops Users refer others to a project and earn rewards based on the activities of their referrals. This promotes organic growth and user acquisition. You earn rewards by inviting others to participate. Think of it as the affiliate model in web3.

Example: a. zkSync, Galxe and Blast used referral programs to incentivize users.

Just A Thought: Users who bring in friends, developers, or LPs could earn referral-based multipliers or exclusive NFTs points that convert into $MITO.

6. Contributor Airdrops These airdrops reward developers, content creators, and other contributors who help grow the ecosystem through work or advocacy. Reserved for builders, content creators, DAO contributors, and ecosystem promoters.

a. Optimism RPGF (RetroPGF) is the gold standard, rewarding impact.

b. Arbitrum STIP funded builders through delegated votes public goods.

Just A Thought: If you’re writing articles,yapping mitosis, building dashboards, creating memes or tools for Mitosis, there’s a high chance you’ll be included in contributor-based drops. How Mitosis Might Leverage These Airdrops The Mitosis Ecosystem offers a multi-faceted environment with its EOL model and multi-chain architecture. Airdrops in this ecosystem could include:

1. MITO Points Airdrop Currently underway through the Game of Mito, users are earning MITO Points for actions like: a. Bridging tokens to Mitosis via MitoBridge

b. Providing liquidity in pools on MitoSwap

c. Completing daily quests on Galxe, Layer3, Zealy or TaskOn

d. Engaging with Mitosis social media These points may be convertible to $MITO tokens once the mainnet launches.

2. EOL Participants Airdrop Liquidity providers to ecosystem-owned liquidity pools on MitoSwap may receive extra token rewards or governance rights in the form of $MITO or ecosystem tokens.
3. Contributor Airdrops Those who create content, develop tools, or actively grow the Mitosis community could be rewarded similarly to programs like Arbitrum STIP or Optimism’s RPGF.
4. Multi-chain Partner Airdrops As Mitosis integrates other chains, it may collaborate with projects like Axelar, Wormhole, or LayerZero to conduct joint airdrops, rewarding users for cross-chain activities. Tips to Maximize Your Airdrop Potential on Mitosis a. Bridge funds to Mitosis using MitoBridge b. Farm or LP on MitoSwap c. Complete daily and weekly quests on Galxe, Layer3, TaskOn, and Zealy d. Join Discord, follow on Twitter, and engage in conversations. e. Submit feedback during testnet for contributor recognition What do you think about airdrops? Do you see airdrops as something exciting? kindly share your thoughts below.

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