Lisk Airdrop 2024: How to Claim Your Share of $15M LSK

After diving deep into the world of cryptocurrencies for quite some time now, I must say that the Lisk Airdrop has caught my attention like a beacon in the night. As someone who’s always on the lookout for opportunities to expand my digital asset portfolio, this seems like an excellent chance to do just that!

As an analyst, I find myself pondering over an intriguing proposition: Could one potentially secure a segment of a $5 million airdrop for just a few dollars? It may seem unbelievable at first glance, but let me assure you, it’s not a far-fetched idea.

Lisk recently announced an airdrop of more than 15 million $LSK, which is around $15 million USD at the time of writing.

As per marketcapof.com, the Lisk Network presently holds a value of approximately $164 million USD. Notably, it’s the initial Layer 1 network to transition to an Ethereum Layer 2 solution. The Lisk Network is included in the OP Superchain along with Base, Zora, Mode, Cyber, and several others.

What Exactly is the Lisk Airdrop?

The Lisk airdrop presents a chance for you to join the introduction of the Lisk L2 network, by delving into their ecosystem and being an early contributor. Essentially, by trying out the platform and the chosen dApps selected by the Lisk network for its launch, you can earn $LSK tokens. The amount you receive will depend on your level of participation compared to other users, with rewards distributed once the airdrop period concludes.

At launch, the precise amount of the 15 million tokens that will be accessible isn’t definitively known, but the prize pool is anticipated to be substantial, enticing users into the Lisk ecosystem. Furthermore, there’s a strong suggestion that the initial rewards for the airdrop could be quite generous.

With more than 20,000 individuals already involved, the generous prize fund ensures ample opportunities for all participants.

About Lisk Network

The Lisk Network, established in 2016, is among the early pioneers in the cryptocurrency realm. For several years, it was one of the highly recognized Layer 1 networks. Yet, with the continuous advancements in the sector, Lisk Network found it challenging to preserve its community of users.

In 2024, Lisk opted to concentrate on creating a leading tier-2 network as part of the Superchain. Utilizing the OP Stack, Lisk aims to offer a smooth setting for developers to construct decentralized applications (dApps) using commonly used tools and programming languages, particularly JavaScript, making it easier for them to do so.

The new Lisk Network has a fee of under 1 cent, making it one of the lowest among the Superchain for now.

Some Details about $LSK Airdrop

Lisk has revealed plans to distribute 15 million LSK tokens across various airdrops instead of just one major event. While a sizable chunk, such as 3-5 million LSK tokens, might be sufficient to spark interest among airdrop enthusiasts, the current level of interest is relatively low. To attract more users and foster a vibrant ecosystem, they may consider a substantial airdrop from LSK, coupled with different contests.

To get the most out of the airdrop, you’d need between $300 and $400. The rewards can be 2-3 times bigger than the risk, at least. This is just the recommended amount; you can even try with a smaller amount, like $50 or lower. It’s close to zero-cost airdrop, and the rewards you might get might be worth your time.

Lisk Airdrop Tutorial – Step-by-Step Tutorial to Earn $LSK

Step 1: Creating a non-custodial wallet

As an analyst, my initial recommendation would be to ensure that you possess a non-custodial wallet, such as Metamask or Rainbow Wallet, with a balance of ETH ranging from $50 to $400, distributed across any Layer 2 networks like Optimism, Base, Arbitrum, or others known for their low bridge fees. This setup will provide you with the necessary resources for exploring and engaging in transactions on these networks efficiently.

Step 2: Connecting your wallet to the airdrop page

The following step involves navigating to the official Lisk airdrop site and linking your digital wallet. If this is your initial visit to the Lisk Network, your wallet might require adding the Lisk Remote Procedure Call (RPC) for smooth operation. You can locate the optimal Lisk RPC for your wallet by utilizing Chainlist.org as a guide.

You will be asked for a code to increase your rewards – you can use DGRq1B for that.

After linking your wallet, you’ll find the tasks associated with the formal Lisk airdrop. These tasks might alter every week or twice a week, so remember to frequently check for updates and new tasks that need completion.

Step 3: Now let’s connect to the Lisk Network, and you can accomplish this through Across.to or Orbiter.finance. For the sake of clarity, we’ll demonstrate using Across today:

Currently, for the ‘From’ section, please select the network where your Ethereum is located. For a cost-effective choice, we advise utilizing Optimism due to its affordability.

On the ‘To’ – We will select Lisk network, such as in the print screen below:

Absolutely! We’ll be earning some attractive rewards with Across too. Please specify the amount of Ethereum you wish to transfer to Lisk, then click ‘Confirm Transaction’.

In less than 1 minute, the funds will be available to use on LiskPlease don’t forget to use the code DGRq1B on the Lisk airdrop page.

Step 4: Lisk airdrop tasks

We’ll go back to the Airdrop page, where we’ll see the tasks needed to be done

Many tasks require regular interaction with the Lisk network, including activities like fulfilling the Transactions mission that necessitates daily, weekly, and continuous 30-day transactions.

To kick off, consider exchanging your ETH for WETH on either oku.trade or Velodrome.finance, and then again from WETH into LSK, USDC, and USDT. A good amount to exchange would be between $5 to $10 of each token, enabling you to complete the subsequent steps of the task.

This will help you finish the following quests:

Balance quests: Where you need to hold ETH, USDT, USDC and LSK;
Perform a swap on Oku trade;
Daily transaction quest.

And you’ll also have some USDT, USDC, WETH and LSK ready so you can finish the:

Supply & Borrow on Ionic;
Add LP on Oku trade quest.

Step 5: Add LP on Oku.trade + Supply & Borrow on Ionic quest

For beginners, we provide a guide: Navigate to ‘Position Maker’ on Oku.trade, then pick your preferred pair such as LSK/WETH (or any other you’re comfortable with). Next, choose the 1% range as shown in the screenshot provided below. You can click here to go directly there.

First, decide on the quantities of LSK and WETH you’d like to contribute to the liquidity pool. Then, click ‘Deploy position’. Please note that you will have to approve both WETH and LSK for deployment, which means you’ll need to confirm three separate transactions as shown in the screenshot below.

Here we are, the Lisk Pilgrimage has been completed as well. Now, let’s embark on the Ionic journey. Navigate to the Ionic Money platform. The connection will automatically take you to the Lisk network, but if not, find and select the Lisk network from the marketplace section. Once there, choose the market that suits you best. For this illustration, we’ll pick USDC as our market choice.

Choose the desired amount of USDC by sliding the bar and then click ‘SupPLY USDC’. Please note that this process involves two steps: first, approval, followed by supplying, resulting in two separate transactions.

Note: Make sure to press the ‘Enable Collateral’ button so you can borrow.

Next, move to WETH, take out a small loan, and choose the WETH you wish to borrow. Don’t forget to pay back the loan once it’s no longer necessary.

By doing this, you’ve finished most of the ‘hard part of the quests.’ Remember that these can be done multiple times per week to maximize the points.

Step 6: Daily actions for $LSK airdrop

Previously mentioned, certain tasks offer daily engagement rewards within the blockchain network. Since transaction fees are almost negligible, costing less than a penny, participating in these tasks won’t break the bank. Remember to drop by the portal every day and collect your free points!

To maximize your rewards, aim to complete between 2 and 3 transactions each day, designate one day as your busier day with up to 500 transactions, and remember that while this may take some time, the potential larger reward could make it worthwhile.

Test the ecosystem, explore all their partners, and find something suitable for you to do.

Step 7: Extra tasks of Lisk Airdrop

There are some tasks that we haven’t covered, such as the ones below:

These tasks are a bit challenging for typical users and we haven’t created a guide for them yet. Additionally, there’s a bonus for individuals who own or buy the “Lisk of Life NFT,” but it comes at a price of around $100 currently. This could potentially influence the airdrop as well.

Additionally, some tasks may involve linking your social media platforms like Twitter and Discord, as well as having a Gitcoin passport with a score of 20 or more. Although these steps aren’t necessary, they might influence the airdrop distribution, so they could be beneficial to complete.

The Math Behind the Airdrop – Calculating the Potential Reward of Lisk Airdrop

With the current leaderboard active and several users amassing points, it’s straightforward to determine how many points a specific user could potentially earn during the remaining days. For simplicity, let’s say there are 70 days left in total, which equals approximately 10 weeks.

From the transactions alone, a user can do:

300 points for the daily transactions – per month;
200 points for the weekly transactions – per month;
200 points for 30 days in a row – per month;
Up to 500 points per week, so 2000 points per month;
10 points for visiting the airdrop portal daily, 300 per month.

So, it’s pretty easy to get 3000 points monthly from transactions and daily visit alone.

The External tasks can also bring a nice amount of points:

Deploy liquidity on Oku – up to 71 points per day – up to 2130 points monthly;
Swap on Oku Trade – 15 times per week, 15 points per swap – up to 900 points monthly;
Supply on Ionic – up to71 points per day – up to 2130 points monthly;
Borrow on Ionic, 15 times per week, 15 times per borrow – up to 900 points monthly.

So, a user can get up to 6000 points a month by doing these harder tasks.

Now, there are some extra tasks that you can do to get around 1000-2000 points for the remaining days. So, over the next 10 weeks – one could possibly earn around 24500 points for the LSK airdrop.That would put you in the top 20 participants right now, but that number will probably grow in the future.Another important thing is that you can get 10% of the points of any person you invite to Lisk airdrop, and that uses your airdrop code. So, in order to maximize your earnings – it’s best to invite all of your friends to it.

Frequently Asked Questions (FAQ)

What is the Lisk token (LSK) used for?

The governance token in the Lisk L2 network is called $LSK. This token allows you to cast your vote on every decision proposed by the Lisk Decentralized Autonomous Organization (DAO). An additional advantage of holding $LSK is that you can securely lock your tokens for either a 1-year or 2-year period, which increases your Annual Percentage Yield (APY) to 17% and 27%, respectively.

Can I participate in the Lisk airdrop if I’m new to crypto?

Participating in Lisk airdrop requires only a non-custodial wallet with some funds on it. So it’s extremely beginner friendly. By following the steps above, you can easily obtain some $LSK in their anticipated airdrop.

How long does it take to receive rewards?

In approximately 66 days, the first season of the Lisk airdrop will conclude. This means it will take anywhere from 70 to 75 days before you can collect your LSK rewards.

Does anything happen if I miss the daily tasks for Lisk airdrop?

As an analyst, I’d like to clarify that your eligibility for the $LSK airdrop isn’t contingent on performing daily transactions. While engaging in daily transactions can earn you additional points, it’s important to note that not doing so doesn’t exclude you from receiving the airdrop altogether.

Conclusion

Right now is an excellent opportunity to join the Lisk airdrop. The potential benefits are still unknown, but they could potentially be substantial enough to boost the visibility of the Lisk community and draw in major industry partners.

Be sure to follow the instructions given earlier to boost your chances of earning from the airdrop and move up on the leaderboard.

2024-12-23 17:34