OpenOcean Airdrop Review 2023: Good Or Bad Airdrop Read Our Review

What Is Crypto Airdrop?

A crypto airdrop is a marketing tactic used by blockchain projects and cryptocurrency businesses to give away free tokens or cryptocurrencies to a select set of people. This is typically done to boost awareness of the project, promote it, or thank ardent supporters.

Typically, airdrops include distributing tokens directly to the wallets of qualified receivers, frequently in exchange for meeting certain requirements like owning a particular cryptocurrency, engaging with the project’s community, or referring friends.

The goal is to grow the project’s user base and community while showcasing the utility of the token to potential investors. Depending on the objectives and resources of the project, airdrops might range in size and frequency from minor token distributions to substantial ones.

What Is OpenOcean Airdrop?

OpenOcean Airdrop is the world’s first full aggregation protocol for crypto trading that sources liquidity from DeFi and CeFi, and enables cross-chain swaps. Their intelligent routing algorithm finds the best prices from DEXes and CEXes, and split the routes to provide traders the best prices with low slippage and fast settlement.

OpenOcean Airdrop is airdropping a total of 19,000,000 OOE to early users of the platform. The snapshots for the first round were taken from the launch day of the platform until March 8th, 2021, at 23:59:59 (UTC+8) and the snapshots for the second round were taken from March 8th at 4:00 PM until June 24, 2021, at 12:00 AM UTC. Users who made at least four trades or made a total trading volume of at least 40 USDT during the snapshots are eligible to claim free OOE.

Basic OpenOcean Airdrop Points

How To Claim OpenOcean Airdrop Step-by-Step Guide:

1. Visit the OpenOcean airdrop claim page.
2. Connect your wallet to the network you used to make trades on the platform.
3. If you’re eligible, then you will see the number of tokens you are eligible to claim.
4. The airdrop is divided into two rounds in which a total of 10,000,000 OOE were allocated for round one and 9,000,000 OOE for round 2.
5. The snapshots for the first round were taken from the launch day of the platform until March 8th, 2021, at 23:59:59 (UTC+8) and the snapshots for the second round were taken from March 8th at 4:00 PM until June 24, 2021, at 12:00 AM UTC.
6. Users who made at least four trades or made a total trading volume of at least 40 USDT during the snapshots are eligible to claim the tokens.
7. For more information regarding the airdrop and launch of the OOE token, see this Medium article.
8. Also see the announcements of round 1 and round 2 of the airdrop.

How To Check OpenOcean 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. Official Announcements: OpenOcean’s official communication channels, including its website, blog, social media accounts (Twitter, Telegram, etc.), and official newsletters, are the best places to start when looking for official announcements. These channels are primarily used to announce legitimate airdrops.
2. Verify the Source: Be wary of any information on airdrops that you learn about through emails, social media posts, or other unauthorized sources. Always check the validity of the airdrop via OpenOcean’s approved channels.
3. Check Website URL: Make sure the website or platform where you are going to claim the airdrop is the official OpenOcean website by checking the website’s URL. Scammers frequently design bogus websites that resemble legitimate ones.
4. No Personal Information or Private Keys: Reputable airdrops shouldn’t request your passwords, private keys, or other delicate personal data. Under no circumstances distribute this information to anyone.
5. Study the Team: Verify the airdrop’s development team. To verify their involvement with the project, search for the OpenOcean team members on LinkedIn or on their official profiles.
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?

There are a number of hazards associated with taking part in an airdrop, which is a free distribution of bitcoin tokens or other digital assets to participants. The potential for fraud and frauds is the first major concern. Malicious parties have been known to employ airdrops as a ruse to trick unwary users into giving up personal data or wallet access, which can result in theft or identity theft.

Second, the value of airdropped tokens can be extremely unstable; as a result, recipients might find themselves owning assets with little to no value soon after receiving them. These tokens may not have a practical application or a reliable project behind them, which makes them vulnerable to sharp price changes and eventual worthlessness.

OpenOcean Airdrop Pros Or Cons

Pros of participating in an airdrop:

1. Aggregation of Liquidity: OpenOcean offers traders a variety of choices for sourcing liquidity by combining liquidity from both centralized exchanges (CEXes) and decentralized exchanges (DEXes).
2. Cross-Chain Swaps: The platform supports cross-chain swaps, which let users quickly trade assets between several blockchain networks. This increases flexibility and accessibility.
3. Intelligent Routing Algorithm: By examining data from numerous DEXes and CEXes, OpenOcean’s clever routing technology aids traders in finding the cheapest pricing. Lower slippage and more favorable prices may arise from this.

Cons of participating in an airdrop:

1. Risk of Smart Contract Vulnerabilities: OpenOcean uses smart contracts, which can be vulnerable to flaws and attacks, like many DeFi projects do. Before using the platform, users should use prudence and do their homework.
2. Legal Uncertainty: The legal environment governing cryptocurrencies and DeFi projects is continuously changing. Regulatory changes or obstacles could affect the way that OpenOcean operates and its users.
3. Market turbulence: Prices on the cryptocurrency market are prone to sudden changes. There is a chance of considerable price variations during the execution of trades even though OpenOcean’s clever routing algorithm looks for the best prices.

OpenOcean Airdrop Final Verdicts

In conclusion, OpenOcean is a game-changing invention in the cryptocurrency trading industry. Its innovative strategy, which includes acting as the first comprehensive aggregation protocol in the world for cryptocurrency trading, combining liquidity from both centralized and decentralized sources, and enabling smooth cross-chain swaps, demonstrates a dedication to giving traders unrivaled benefits.

OpenOcean’s clever routing algorithm, a testament to its commitment to user-centric trading, is one of its most distinctive features. OpenOcean minimizes slippage and assures prompt settlement, boosting the entire trading experience. It does this by painstakingly seeking out the best prices from decentralized exchanges (DEXes) and centralized exchanges (CEXes), as well as intelligently dividing routes.

FAQ