Extra Finance Airdrop Review 2023: Good Or Bad Airdrop Read Our Review

What Is Crypto Airdrop?

A bitcoin airdrop is a popular marketing technique used by blockchain projects and cryptocurrency businesses to give away free tokens or cryptocurrencies to a certain user base. The concept of “dropping” free tokens into people’s wallets is where the word “airdrop” originates. This tactic is employed to spread knowledge about a new cryptocurrency, draw in possible investors, promote acceptance, and foster a sense of community for a project.

This kind of scheme gives newly minted tokens to owners of already-existing cryptocurrencies like Bitcoin or Ethereum. The objective is to pique the attention of existing bitcoin owners in the new project.

Holders of the original cryptocurrency may get an airdrop of the new coin formed as a result of a blockchain fork (either a soft fork or a hard fork). This frequently occurs when a new blockchain is developed due to a disagreement over a protocol or philosophical viewpoint.

What Is Extra Finance Airdrop?

Extra Finance is a leveraged yield farming (LYF) protocol built on Optimism. Extra Finance enables users to farm a diverse range of farming pools with customized farming strategies. Extra Finance also functions as a lending protocol, users can deposit funds to earn lending interest.

Extra Finance is airdropping free EXTRA tokens to early users and various ecosystem users. Early testnet users, top Optimism ecosystem delegators, velodrome users and various other users as mentioned below can claim free EXTRA tokens.

Basic Extra Finance Airdrop Points

How To Claim Extra Finance Airdrop Step-by-Step Guide:

1. Visit the Extra Finance airdrop claim page.
2. Connect your Optimism wallet.
3. Click on the “Ex” logo from the top right.
4. If you’re eligible, then you will be able to claim free EXTRA tokens based on your participation.
5. Eligible users are:
   • Testnet early users with valid feedback (including randomly selected Galxe OATs holders)
   • Top Optimism ecosystem delegators
   • Extra Finance Community OG & Zealy Adventures
   • TVL Contribution Event winners (Round 1&2)
   • Velodrome Users: both a liquidity provider AND a veVELO holder
   • Leverage yield farming enthusiasts

How To Check Extra Finance Airdrop Is Real Or Fake

Checking the legitimacy of a crypto airdrop can be a bit tricky, as scammers often use sophisticated techniques to create fraudulent airdrop campaigns that appear to be legitimate. Here are some steps you can take to verify the authenticity of a crypto airdrop:

1. Research the Official Announcement Channels : Start by going to the project’s or platform’s official website and social media accounts to learn more about the purported airdrop. Keep an eye out for any official statements regarding the airdrop. Make sure you’re on the legitimate accounts because scammers frequently resemble official accounts.
2. Check the Official Website URL : Verify the URL to make sure you are accessing the correct official website. Scammers frequently build webpages that resemble the legitimate website but have subtly different URLs.
3. Verify Social Media Accounts : Check the project’s or platform’s official social media pages. On websites like Twitter and Facebook, look for the verification emblem (blue checkmark). Be wary since scammers could make accounts that look exactly like legitimate ones.
4. Read the Whitepaper and Roadmap : Real projects typically have a thorough whitepaper and roadmap outlining their objectives, technologies, and intentions. Read through these documents if the airdrop is related to a project to determine the validity of the project.
5. Cross-Reference Announcements : Compare any announcements or stories from reliable cryptocurrency news sources with the data you find on the official website and social media channels. Reputable news sources frequently cover legitimate projects.
6. In summary, it’s important to conduct thorough research, verify the source and instructions, look for feedback from other users, and trust your instincts when evaluating the legitimacy of a crypto airdrop. By taking these steps, you can minimize the risk of falling for a fraudulent airdrop and protect your assets and personal information.

What are the risks of participating in an airdrop?

Scammers may use airdrops as a cover to steal money, private keys, or financial information. They might make phony social media profiles or websites for airdrops in an effort to dupe people into disclosing private data.

It’s possible for criminal actors to send emails or messages seeming to be official airdrops in an effort to trick you into clicking on harmful links, downloading malware, or giving them sensitive information. During the registration procedure, some airdrop programs could ask for too much personal information, which could result in data breaches or identity theft.

Extra Finance Airdrop Roadmap

2023 Q1:

• ✅ Testnet Release – Leverage Yield Farming on Velodrome

2023 Q2:

• ✅ Mainnet Launch – Leverage Yield Farming on Velodrome
• ✅ Tokenomics

2023 Q3:

• ✅ One-click Yield Farming Templates
• ✅ Optimization for Stablecoin & LST Leveraged Farming Pools
• CLAMM Liquidity Pools Integration
• ✅ Yield Farming Simulation & Calculation Tool

2023 Q4:

• Release of Advanced Strategy Vaults

2024 Q1:

• Social Farming: User-to-User Yield Strategy Following
• Extra Finance V2

Extra Finance Airdrop Pros Or Cons

Pros of participating in an airdrop:

1. Free Tokens: You can receive free tokens or currencies through airdrops without making any upfront payments. If the tokens’ value rises over time, this could potentially result in a small windfall.
2. Diversification: You may learn about new tokens and projects through airdrops that you might not have otherwise known about. Your financial portfolio might benefit from this diversification.
3. Early Adoption: By taking part in an airdrop, you could get an early look at a promising project that ultimately succeeds. As the initiative gets traction, early adopters may benefit from greater token valuations.

Cons of participating in an airdrop:

1. Fraud & Scams: The bitcoin industry is notorious for its fraud and scamming practices. Some airdrops may be a means for nefarious parties to acquire your personal data or money. Before taking part in any airdrop, it’s crucial to confirm the project’s credibility.
2. Token Value : Airdrops offer free tokens, but there is no assurance that their value will rise over time. In the long term, many airdropped tokens are worth little to nothing.
3. Privacy Issues: You might have to divulge personal information in order to participate in an airdrop. This can result in intrusive spam or privacy problems.

Extra Finance Airdrop Final Verdicts

On Extra Finance, users can implement customized farming strategies, or deposit to lending pools to earn lending interest. To find out more about our products, click on the links below:

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