Mitosis, Liquity, Magic Eden, Jasper Vault: review of new drops

Introducing a new selection of drops. All drops are confirmed. Before you start, check that your proxies, social network accounts, wallets, anti-detection browser subscriptions and other tools are up to date.

Mitosis

Mitosis is a Tier 1 Ecosystem-Owned Liquidity (EOL) blockchain designed to help new modular blockchains gain total blockchain locked-in value (TVL) and grow their user base through the Mitosis governance process. The project has received $7 million in funding from prominent investors including Amber Group and Foresight Ventures.

The platform aims to be a solution for liquidity management in the expanding landscape of modular blockchains, offering tools and mechanisms to efficiently allocate and manage liquidity.

Drop details

The drop includes quests on both the test and main network. Distribution will be based on a points system, where 70% of the distribution is determined by MITO points earned and 30% by other token metrics. Users can earn points by performing various actions on the networks.

How to make money from drops

Step-by-step guide:

• Visit the testnet platform at this address.
• Connect your wallet and link your Discord and Twitter accounts.
• Go to the Overview section.
• Get tokens from the testnet faucet.
• Go to the “Deposit” section and make a deposit, complete the EOL registration process.
• Participate in daily events to earn points.

There are also additional Galxe tasks in the testnet. You will get bonus points for completing them. 

You can read the detailed documentation here. The drop is active until December 22.

Liquity

Liquity is a decentralized borrowing protocol that allows users to obtain interest-free loans using ETH as collateral. Liquity is unique in that the protocol requires no collateral, is immutable, and free of governance. 

The protocol maintains stability thanks to the US dollar pegged LUSD stablecoin and requires a minimum collateral ratio of 110%, making it one of the most capital efficient lending platforms in DeFi.

The protocol's security model relies on a stability pool containing LUSD and a network of borrowers acting as guarantors of last resort, providing strong protection against defaults and market volatility.

Drop details

More than 15 licensed forks on various blockchain networks have invested in the drop. Each licensed fork will allocate 4% of its token hoard to reward participants in the Liquity ecosystem. The main beneficiaries of this program will be LQTY stakers, and potential rewards will also extend to Stability Pool contributors.

How to make money from drops

Before you start, make sure you have ETH to pay for gas and buy tokens and a Web3 wallet (like Rabby).

Step-by-step guide:

• Buy ETH on ByBit or any other exchange you prefer.
• Exchange ETH for LQTY. Also buy LUSD (Liquity's stablecoin).
• Start staking LQTY tokens. Connect your wallet to the official Liquity interface, then go to the staking section and click “Start staking”.
• Provide liquidity. To do so, go to the “Stability Pool” section and make a deposit.

Magic Eden

Magic Eden is a leading digital asset trading platform operating on the Solana, Bitcoin, Ethereum and Polygon networks. The platform has established itself as a major player in the cryptocurrency ecosystem, being the #1 Bitcoin DEX with over 80% of trading volume in ordinals and runes, and maintaining a dominant position in the NFT space with 60% revenue share and 29% user share.

The platform facilitates NFT trading, token exchanges and provides startup services on multiple blockchains. With over 3.5 million wallets, $6 billion in trading volume and 70 million-plus transactions, Magic Eden has become the central hub for digital asset trading.

Drop details

Magic Eden has officially announced the launch of its own token, $ME, which is scheduled to be released on December 10, 2024. An eligibility verification program has now been launched, allowing users to verify their allocation before the official filing date.

Highlights of token distribution:

• Total supply: $1 billion $ME
• Initial distribution: 12.5% of the total. Of which:

a. Community and ecosystem: 37.7%
b. Contributors: 26.2%
c. Strategic participants: 23.6%

The token distribution is for 4 years, with more than half going to the community. Unclaimed tokens will be redistributed among $ME stackers as future rewards.

How to make money from drops

You may find smartphone emulators useful for this drop.

Step-by-step guide:

• Install the Magic Eden mobile app.
• Visit mefoundation.com and click “Claim $ME” to see if you can participate in the drop. To do so, scan the QR code using the Magic Eden mobile app and sign the transaction to verify your identity. 
• Link all eligible wallets to supported blockchains.

The drop has its own criteria for determining how many tokens you get. The following factors affect the user's reward:

• Trade patterns;
• NFT trading across multiple networks; 
• Exchange tokens between networks;
• Participation in Lucky Buy;
• Participation in Launchpad.

In short, the more active you are, the higher the chance of getting more tokens. Try to actively participate in the platform and utilize its features.

Important dates:

• Eligibility verification: active right now.
• Token Generation (TGE): December 10, 2024.
• Deadline for wallet binding: February 1, 2025.
• Claim Wallet changes: Available until December 8, 2024.

Jasper Vault

Jasper Vault has created a protocol designed to make options trading accessible to regular users. Jasper Vault aims to democratize options trading and bring these complex financial instruments to the 99% of cryptocurrency users who have traditionally been excluded from this market.

At its core, Jasper Vault leverages advanced blockchain technologies including account abstraction (AA), program address derivatives (PDA) and atomic swaps via time-locked hash contract (HTLC). These technical innovations enable seamless peer-to-peer trading and true interoperability, allowing users to effortlessly trade options across different blockchain networks.

The protocol's emphasis on accessibility does not compromise its technical sophistication, making it a significant advancement in DeFi options.

Drop details

Jasper Vault has officially confirmed a drop called the Genesis Airdrop, offering to participate in the early stages of protocol development and earn rewards.

The event combines NFT mining, social media quests and community activities. There is also a referral program.

How to make money from drops

Step-by-step guide:

• Visit the drop page.
• Connect your wallet to the platform.
• Perform tasks in social networks. Sign up for Jasper Vault accounts and fulfill the specified requirements (for example, retweet or post a reaction).
• Mint the NFT on the platform.

You can also join the Discord drop server and confirm your OG role through the Guild. To maximize your points earning, invite a few referrals through your link.