🧠 The next big airdrop: step by step guide

spoon feeding you cause we love you

October 26, 2022

GM Seedphrase Nation 👋 We're the gatorade to your hangover. Let us get you stabilized.

Today's Agenda 📓:

  • 🧠 Step by step guide to make money this Friday

  • 🔒 42% of crypto exchanges, like Coinbase, fail.

  • 😱 Reddit is making people thousands

If you don't have a lot of money to invest with, Airdrops are for YOU. They require no to very little money. It's a no brainer.

A few weeks we called an Airdrop that made a few of you $1.1K, for free.

If you missed out on that one, don't worry. We got you.

On Friday, a highly anticipated coin called zkSync comes out with its airdrop so that you can make some free money.

Before we can get started, we have to add the RPC configuration. The simplest way is to:

  1. Go to chainlist.org

  2. Connect your wallet

  3. Toggle the testnet button

  4. Search for "Zksync"

  5. Click add to Metamask and approve the transaction that pops up.

Boom. Once done, you must interact with the zkSync test net to be eligible.

Here are all the different ways you can do so.

Interacting with the testnet

  1. Go to the faucet and get some $DAI or $USDC

  2. Now head over to https://syncswap.xyz/ 

  3. Once you're there, add the Goreli network to your Metamask.

  4. Get an account at https://www.alchemy.com/ 

  5. Now, swap lp or farm tokens on https://syncswap.xyz/ 

Bridge to zkSync

  1. Connect your wallet

  2. Bridge funds to zkSync

  3. Make transactions between wallets

Interact with zkSync Dapps

  1. Make a trade with the testnet tokens received.

Interact with their NFT marketplace

Start here: http://zknft.xyz

  1. Connect wallet

  2. Mint/Swap an NFT

Add liquidity with test net tokens.

  1. Request test net tokens

  2. Once you receive your tokens, go to https://syncswap.xyz/

  3. Make sure you "switch network" so you are now on zkSync alpha testnet

  4. Click "faucet" to request more tokens

  5. Do swaps between the different testnet tokens

  6. Or add liquidity on any pool with testnet tokens

Congratulations, you received a free airdrop. Doing this will not only make you some extra profits but also make you more comfortable using L2 products, which will be the next wave for the bull run.

Sign up for our premium newsletter if you want more free money.We drop alpha every week that is engineered to make you smarter & more money.

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🔒 The rate of failed exchanges will make you second guess where your money is.

You may have heard that the crypto market has been on a downward trend this past year, with some of the market's significant players disappearing faster than my dad "going to get milk."

Here are some of the facts:

  • Since 2014, about 42% of crypto exchanges have failed and disappeared.

  • Only 22% of failed crypto exchanges have left due to actual business-related reasons.

  • 9% of trading platforms turn out to be scams.

  • Hacks occupy 5%

  • And 8% shutdown as a result of regulation

According to coinjournal.net, 2022 is no better. From Celsius, 3AC and Voyager, they predict that the year will end with a 55% fall rate of overall crypto exchanges.

This is just your friendly reminder that not all platforms will be here until we die, let alone until next year.

So ensure you're careful where your money is locked up, and always be wary of the red flags that exchanges show.

🚩 Some red flags are:

  • Halting withdrawals.

  • Non-doxxed devs.

  • Reluctant to show internal numbers.

Even some powerhouses could go down. All it takes is a regulation rule or a hack that drains all their liquidity.

✅ Green flags:

  • Doxxed team

  • Transparent spreadsheets

  • Roadmap that they are actively executing on

Your safest bet is:

  • Binance

  • Coinbase

  • Kucoin

⚜️ Golden Nugget: If you're confident in your assets like Bitcoin or Ethereum, put them in a Ledger where it is safe. If you don't have a seed phrase to your crypto, then it really is not your crypto.

😱 There was a time where we'd use Reddit to find fake IDs so we could go drinking. Now, kids are making money off of it?

People are making hundreds of thousands of dollars off their "digital avatars" aka NFTs. Not even announcing you could trade them, Reddit Avatars have soared 799% and topped $1.888M since Sunday.

People are going nuts!

🧠 We showed you how to buy them and their use cases last week. Just another reminder not to sleep on our alpha man.

How it all started

Last week, they revealed that users created over 3M Polygon wallets to collect digital avatars.

It ranged from $10 to $100 to mint, but some were airdropped avatars for free for being highly active Reddit users.

Other collections and biggest sales.

Reddit NFTs from the Meme Team, The Singularity, Aww Friends, and Drip Squad collections were offered up for free to eligible users.

The one that sold for the most was the spooky season avatar by pseudonymous artist poieeeyeee sold for 18ETH ($24,150).

Are you interested in showing support for your favorite Reddit community?

Then you should have listened to us last week. Now, they're all sold out 😅

You can still get them on the secondary market

If you're bullish on Reddit, join the FOMO!

The genius behind it and a new way to onboard people into Web3?

They got people hooked on "digital avatars" disguised as NFTs, getting them to use blockchain without even realizing it.

With 50M active users, they just exposed all of them to a new way of life. The Web3 life.

And could be a new playbook for Web2 companies trying to make the switch without the headache of explaining what Bitcoin is.

😂 Meme of the Day

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research

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