What Is Crypto Airdrop?
The procedure by which a blockchain project gives away free tokens or cryptocurrencies to owners of a particular current coin is known as a crypto airdrop. This distribution is often carried out as part of a marketing plan to increase interest in a new project, draw in new users, and promote adoption.
Airdrops are frequently used to thank loyal cryptocurrency owners or to entice them to take part in the ecosystem of a new project. Typically, the quantity of tokens held by the receiver at a particular block height or a snapshot of the blockchain’s ledger is used as the basis for allocating airdropped tokens.
With this type, tokens are immediately distributed to the wallets of qualified holders without the need for user interaction. As an illustration, you might get an airdrop of Token Y if you own a particular amount of Token X.
What Is LunaFi Airdrop?
LunaFi is a leading decentralized peerless DeFi betting protocol — providing users with a secure and trustless environment in which they can gamble, invest, and for the first time ever, become the house. Housebets / LunaFi Season 2 Zealy Campaign is now live, with a lineup of brand new quests and a prize pool of $1,000 + rakeback boosts on your housebets account.
LunaFi Users who’ve deposited at least $50 to Housebets, Rollbit, Stake, SX Bet, BC Game Polymarket, Decentral Games, Sportsbet, Zcasino and Roobet by the snapshot date are also eligible to claim free LFI worth between $50 to $5,000.
Basic LunaFi Airdrop Points
Basic | Details |
---|---|
Token Name | LunaFi Airdrop |
Platform | Polygon |
Support | 24/7 |
Total value | N/A |
KYC | KYC Is Not Requirement |
Whitepaper | Click Here To View |
Max. Participants | Unlimited |
Collect Airdrop | Click Here To Collect Free Airdrop |
How To Claim LunaFi Airdrop Step-by-Step Guide:
- Visit the LunaFi Zealy quest page.
- Connect your wallet.
- Now complete the quests to earn XP.
- Also earn more XP for inviting friends.
- The top user on the leaderboard will get $550 worth of LFI, 2nd participant on the leaderboard will get $250 worth of LFI, 3rd participant on the leaderboard will get $120 worth of LFI, 4th participant on the leaderboard will get $80 worth of LFI and the 5th participant on the leaderboard will get $50 worth of LFI.
- Users from 6-10 will be rewarded with a generous rakeback boost on the Housebets.io sportsbook and casino.
- Also , join the LunaFi Discord to claim prizes once the campaign is over.
How To Check LunaFi 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:
- Research the Official Sources : Start by going to LunaFi’s official website, if there is one. Keep an eye out for any formal statements made about the airdrop. Look for posts or announcements about the airdrop on their social media sites (Twitter, Telegram, Discord, etc.). Make sure you’re verifying the verified accounts because scammers frequently imitate authentic accounts.
- Check Official Communication Channels : Verify any information about the airdrop using the authorized lines of communication that LunaFi has supplied. This might include their corporate website, social media accounts, and neighborhood forums. Be wary of any information that is only provided by strangers through forums or private communications.
- Whitepaper and Roadmap : Review the roadmap and whitepaper for LunaFi, if they are available. You will be better able to comprehend the project’s aims, objectives, and future plans as a result. Such thorough documentation is frequently absent from con artists.
- Team Information : Investigate the LunaFi development team. The team members of legitimate initiatives are typically listed on their websites or via their official communication channels. To make sure the team members are actual people with relevant experience, check out their backgrounds and social media profiles.
- Avoid Private Key Sharing : Any airdrop that requests your private keys or mnemonic words should be avoided. You won’t need to disclose sensitive information like this for legitimate airdrops.
- 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 technique to con people into disclosing their private keys, wallet addresses, or personal data. Criminals may make phony airdrops to access sensitive information or steal money.
Phishing emails or bogus websites that impersonate real airdrop platforms may be distributed by malicious actors. Participants who are unaware of the risks may unintentionally divulge their private keys or other confidential information, which could result in the loss of their assets.
LunaFi Airdrop Roadmap
Q1 2023
- Enabling betting with BTC, ETH and LFI, with many more options to come
- Launched LunaFi House Pools allowing users to invest in the house, with hundreds of thousands staked in the pools already
- Deposits via BTC & ETH networks.
- Developed a new sidebar navigation for the site, making it easier to navigate
- Launched live chat customer support directly through the site, of which all demand is being responded to within minutes
- Launched social chat feature on the site
- Launched our affiliate program and functionality, allowing users to earn from referrals
- Launched esports betting markets, with many more games and live streaming viewing to come
- Launched blog.housebets.io
- Provably Fair Casino games such as Dice, Coinflip etc designed
- Developed a comprehensive backoffice allowing us to support users as efficiently and effectively as possible
- Enabled the option to sign up with an email through magiclink & fortmatic
- Many bugs, errors and issues identified, scoped and fixed (thanks to the community during beta)
Q2 2023
- Lunabets renaming complete
- Race to Mars launched, which will reward to top bettors in the platform with crypto + NFT’s
- Airdrop functionality launched, allowing us to conduct airdrop campaigns to current users and outstanding communities in the crypto space, all within the platform
- Bonus offers launched, allowing us to provide extra value to current and new players
- Betslip v2 deployed, providing a better experience when betting
- Sportsbook v2 launched, providing a cleaner and more comprehensive experience when navigating the site
- 10+ esports games available to bet on + live streaming the games all within the site
- Cashout option on bets launched
- Golf, Motorsports (e.g F1 + Formula E) + Horse Racing markets available
- Enable email correspondences for key actions for users which provide email addresses (
- CEX listings for $LFI
Q3 2023
- Further tokens and partnerships integrated into the house pools
- Further utility for LFI (purchase bet mining boosts with LFI, free spins etc)
- EBurning mechanism for LFi
LunaFi Airdrop Pros Or Cons
Pros of participating in an airdrop:
- Token Distribution: Tokens can be distributed via airdrops to a large audience, promoting awareness and project adoption.
- Community Development: Airdrops have the ability to draw in and keep a bigger user base, which could result in the development of a vibrant and devoted community for a project.
- Marketing and Promotion: A properly executed airdrop can raise awareness of a new cryptocurrency project and draw users and investors.
- Network Effects: If the airdropped tokens are useful inside the project’s ecosystem, it may entice users to join and support its development.
- User incentives: By encouraging people to learn about the project and its features, airdrops can increase the possibility that they will take an active part in it.
Cons of participating in an airdrop:
- Token Dumping: Through airdrops, many people may receive tokens, some of whom may not actually be interested in the project. This might lead to these people selling their tokens hastily, which would cause price volatility.
- Lack of participation: Some users may only be interested in the tokens that were airdropped and not in the project itself, which could result in a lack of meaningful participation with the project’s community or aims.
- Resources and Costs: The project will incur costs when implementing an airdrop, including those related to creating the airdrop mechanism and distributing tokens. This can take resources away from other crucial project components.
- Regulatory Considerations: Depending on the jurisdiction, airdrops may be subject to legal and regulatory restrictions. Projects must make sure that the airdrops they make adhere to all applicable laws.
- Unintended Consequences : Airdrops might not always produce the expected results, which is known as unintended consequences. Instead of assisting in the project’s long-term success, they can draw consumers who are only looking for quick gains.
- Community Management: Managing a bigger community that results from an airdrop can be difficult because it takes more work to control conversations and respond to issues.
LunaFi Airdrop Final Verdicts
LunaFi is harnessing the power of decentralized technologies, autonomous smart contracts, and community governance to provide a non-custodial, trustless betting platform that puts players at its centre. The LunaFi protocol is set to innovate the global sports and gaming industries by allowing users to invest in liquidity pools which are used to bankroll a decentralized ecosystem of gambling products. In return, liquidity providers earn rewards generated from house profits.
In this game, you are the favorite. To optimize bets, we provide a comprehensive DeFi platform designed to integrate sports waging and prediction markets, powered by a communityowned protocol consisting of the House Pools & LFI Staking. This protocol can be integrated by third party developers looking to incorporate peerless betting functionality in their own dApps
FAQ
Where are my funds
Funds will be in the user’s wallet which only the user controls. A transparent, auditable escrow contract will be created on the blockchain which will settle bets based upon the event outcome and send funds accordingly to the winner.
What is a wallet
A blockchain wallet is a digital wallet that allows users to store and manage cryptocurrencies like Metamask (download it as an extension within your browser) allowing you to interact with Web 3.0 dApps.