Holy Cow Post (Issue #3)

HOLY COW POST

Arbitrum Knocking On Eth Door

Arbitrum is a layer 2 solution for the Ethereum network. A plan was announced to airdrop a new token called $ARB to all users of the platform. The idea behind this is to have a decentralized autonomous organization (DAO).

In the past we have seen drops and some may ask what is the point of this? Well, this new ecosystem plans to significantly reduce gas fees plus increase transaction speeds. There are already many big players using the network and more interested now that everything is live.

The team that developed Arb token plans to give power back to the holders by adding voting rights within the networks DAO. All users will be able to participate in decisions related to the management and development of things on the network. Now obviously the users who have used Arbitrum the most will have the largest share of tokens/voting. This has led to a race of many new users jumping into the race to have a place within the ecosystem.

Within the first hour of going live there were about 42 million Arb tokens claimed. While many of these users sold in a very short period of time, the fundamentals remain strong and smart money continues to roll into Arb tokens even days after the drop. In 2023 alone we have seen Arbitrum’s transaction activity increase from around 12% to 30% meaning network usage is trending in the right direction when compared to Ethereum.

All in all this may be another drop in the bucket or memory of the past, but signs have shown that Arbitrum may be here for the long run. With users always looking for alternatives when gas is high and fees to transfer lots of assets are absurd, platforms like Arbitrum will be waiting for the masses.

Gucci Getting In the Game

Gucci has announced a partnership with Yuga Labs. Yuga has set themselves up as one of the top players in the NFT space. Gucci plans to bring fashion and entertainment to the metaverse. This move by the high-end Italian luxury brand is going to be a memorable one as they become an early adopter in the Web3 ecosystem.

This partnership is not Gucci’s first taste of Web3. Back in 2022, the company worked with 10KTF crating a project call the Gucci Grail. This was a place where clothing and accessories were used to personalize NFTs with different designs. Gucci also became the first brand to have its own space with Animoca Brands. This was done in the Sandbox where they created a concept store called the Gucci Vault.

Last year Gucci also tapped into the blockchain world by allowing crypto transactions. They chose to accept Bitcoin, Ethereum, Litecoin, and a few other as forms of payment for goods in several stores inside the United States. All of this has only strengthened its place in Web3 / metaverse.

AIRDROP 101: How to get started!

You know that feeling when all of your crypto friends are enjoying the FREE money they just received from airdrops.. like Arbitrum or Optimism? Yeah FOMO sucks, been there and maybe you have also. How do we change that? Simple we try to get on the next airdrop! Disclaimer: Airdrop farming is pure speculation, most of the time it happens, and sometimes it doesn’t _{*cough cough metamask*} so use your own discretion.

How do we even qualify for an airdrop? The simple answer no one knows the exact details, every airdrop is different but it all follows the same criteria well kinda. The common criteria are: interact with the ecosystem, trade, deposit, be active on social media, and so on. So yes, sometimes you will have to spend money(usually for gas) to be eligible. But imagine spending $100 on gas and getting blessed with a $5,000 airdrop.

VERY IMPORTANT: If you are going to start trying to participate in airdrops, please do not use your main wallet
Burner wallets are always recommended. 

Airdrop Strategy #1

Vela Exchange($ARB ecosystem): The public beta exchange has been going on for about a month now. It is rumored that the snapshot will be taken soon, and the airdrop will follow sometime after. I have personally used it to trade and it can be a little buggy to use at times but hey its beta what can you expect?

Airdrop Strategy

• Go to: https://app.vela.exchange/?refer=14JQAXV8 
  (code: 14JQAXV8 )
  Or https://app.vela.exchange/ (normal link)

  • Sidenote: If you are living in the US, you will need to use a VPN, I suggest ProtonVPN because it’s free

• The website will prompt you to switch to the Arbitrum network.

• Deposit USDC, the website currently only accepts USDC. You can find the deposit button under the “Account” I suggest depositing $100 or whatever you can afford.

• Now we trade, just like any trade be smart and play it safe. The team confirmed that the airdrop will be volume based so the more you trade the more you may receive.

• When trading, I suggest you do very quick trades, and try to earn just enough to cover the fees. Tip: once you enter a trade there is a 5-minute waiting period before you can sell.

• Bonus: Minting and steaking VLP and VELA tokens might increase your chances.

Airdrop Strategy #2 →FREE←

SuiSwap: one of the first Dex in Sui, the project already confirmed that an airdrop will take place and Suiswap points will measure how much each individual will earn.

Airdrop date: Q2 or Q3 2023
Airdrop Strategy

• Signup on Crew3 (Zealy)
  Referral Link → Here 
  NonReferral Link → Here 

• Connect your Twitter, connect your wallet, and join the discord.
  Tip: Use a burner Twitter account

• Bonus points: being active on their discord earns you points that will go toward the airdrop. So if you have any free time drop in and interact.

Just because we love you, here are the answer to the quiz questions.

If you want more airdrop guides, let us know!

• As Always Stay Holy!