Base Airdrop 2024: How to Claim Coinbase’s Potentially Biggest Airdrop?
Key takeaways
- Base is an Ethereum layer-2 network that employs Optimistic Roll-up technology, developed in collaboration with Optimism.
- Currently, the firm plans to use Ethereum as its native token, but community speculation hints at the future launch of a native $BASE token.
- As the base network is in its early stages, participating in this potential airdrop will have a significant impact on receiving rewards.
What is Base?
Base is an Ethereum layer-2 network developed by Coinbase. It operates on the optimistic stack (OP stack) and employs optimistic roll-up technology, which is developed in collaboration with Optimism.
This innovative approach enhances Ethereum’s scalability by bundling multiple transactions within its network and settling them as a single transaction on the Ethereum mainnet.
The platform’s primary objective is to offer a secure, affordable, and user-friendly environment for developing on-chain decentralized apps (dApps). Moreover, Base seamlessly integrates with the Coinbase wallet and app, enhancing accessibility for both new and existing Coinbase users.
Possibility of Base Airdrop Launch
There is no official date or statement regarding an airdrop, and Brian Armstrong, the CEO of Coinbase, also expressed that there is no current plan for launching a new network token.
However, it’s noteworthy that similar intentions were initially denied by Arbitrum regarding a token launch. Later, Arbitrum conducted an airdrop, distributing around 120 million in ARB, resulting in substantial profits for individuals.
The possibility of an airdrop launch depends on the firm’s decision; as a community, our role is to be prepared in case it occurs.
Purely speculative: Our approximation for the likelihood of the Base airdrop launch would hover around 76%.
Currently, the token airdrop remains a subject of community rumors, but airdrops have historically been both profitable and undetectable. Considering its limited operation on the testnet, it’s worthwhile to plan for the potential occurrence of such a sizable airdrop.
How can you qualify for the potential Base airdrop tokens?
The primary aim of the Base network is to provide an EVM-compatible platform with a secure, cost-effective, and developer-friendly environment for building on-chain applications. Naturally, the firm aims to attract a mass user base, and airdrops have always been the most effective method to achieve this.
However, looking at any past airdrop campaign, certain eligibility requirements exist, which shows the importance of meeting those requirements.
Here are the steps you can take to position yourself best to receive an airdrop.
Note: There are no official guidelines available to win an airdrop. Typically, airdrops are granted to the protocol’s most active and early adopters. The steps below will assist you in engaging with the various components within the Base’s ecosystem.
1) Add “Base Network” to your Wallet
Remember to link your wallet to the base network—a crucial step that many people frequently leave out. This connection is highly significant for your interaction within the base network.
Proceed to the next step if you’ve already completed this process.
To establish a connection, follow the following steps:
- Head over to https://chainlist.org/
- Connect your wallet (preferably a MetaMask wallet) to the platform.
- Find the search bar, type “Base,” and then choose the Base Network.
- Establish the connection between your wallet and the base network.
2) Use the official Base Bridge
Base offers an official bridging protocol that allows users to transfer ETH from the Ethereum Mainnet to the Base Network.
Here are the steps to carry out the bridging process:
- Go to the official Base Bridge website via https://bridge.base.org/.
- Connect your Metamask wallet to the platform.
- Specify the amount of ETH you intend to transfer from the Ethereum mainnet to the Base Network.
- Finalize the bridging process to complete the transfer.
3) Interact with other Bridges
Within the Base ecosystem, apart from its official bridge, several other bridges have initiated the integration of the ‘Base Network’. Engaging with these diverse bridges holds significant value for expanding connectivity and accessibility.
These bridges facilitate seamless fund bridging across multiple networks, including Arbitrum, Optimism, and Binance Chain. Exploring these platforms allows users to transfer funds effectively into the Base network, enhancing their position for an airdrop.
- Orbiter Finance: https://www.orbiter.finance/
- LayerSwap: https://www.layerswap.io/
- RhinoFi: https://rhino.fi/
4) Mint an NFT
NFT, which stands for Non-Fungible Tokens, represents digital certificates of ownership residing on the blockchain. When you mint an NFT, you essentially register it on the blockchain, making it available for purchase or sale.
Engaging in the minting of an NFT is crucial for evaluating the security and efficiency of a newer blockchain. It’s a strategic move to position yourself advantageously for a potential token airdrop.
These are some of the major NFT marketplaces that have integrated with the base network.
Coinbase.NFT
Coinbase NFT, an NFT marketplace officially launched by Coinbase, is currently in its beta stage. Minting NFTs on this platform is a crucial step for the potential airdrop.
To use the NFT platform, go to the website and access the Mint section. Connect your MetaMask wallet to the site, then click the “Mint” button to initiate the NFT minting process.
Onchain Summer
Onchain Summer is an NFT marketplace that plays a crucial role in kickstarting the deployment and encouraging user engagement with the Base Network.
To begin with, this platform, visit the Onchain Summer NFT marketplace, link your wallet to the platform, and explore the latest trending NFTs available on the Base Network for minting.
Mint.Fun
Mint.Fun is another NFT marketplace that supports the Base network. To explore this platform, visit the Mint.fun NFT marketplace, integrate your MetaMask wallet with the platform and click the “Mint Now” option to create the NFT of your choice on the Base chain.
5) Use Popular DEXs
A DEX (Decentralized Exchange) acts as a marketplace, enabling users to trade cryptocurrencies without a mediator facilitating transfers.
Engaging in token swaps via DEX is an effective means of driving on-chain activity within a network. This action also holds significance for positioning yourself favorably for potential airdrops.
Several prominent decentralized exchanges have seamlessly integrated Base networks, offering token swapping as an option worth exploring. Some are mentioned below.
BaseSwap
BaseSwap is the official decentralized exchange platform developed for the Base blockchain.
To start using BaseSwap, visit the platform [https://baseswap.fi/], connect your wallet, navigate to the swap section, and proceed to exchange Ethereum for any token within the Base chain.
Uniswap
Uniswap, a widely recognized DEX platform, has seamlessly incorporated the Base Network into its offerings.
For those interested in using Uniswap, visit the platform [https://app.uniswap.org/], link your wallet, configure the network to the Base Network, and proceed with the token swap by exchanging Ethereum for your preferred token.
6) Guild Task for Base Roles
Base Guild is the official platform built by the Base Network, offering automated membership management capabilities to its users. Within this community, members undertake specific roles and tasks while actively engaging.
To get started with Base Guild, visit the platform and integrate your MetaMask wallet. Follow the instructions provided on the same page to complete the required tasks, ultimately securing membership within the Base Guild.
After completing the initial tasks, join their Discord server by accepting the invitation. Within Discord, fulfill various designated roles as specified to further contribute to the community.
Note: You must have a GitHub, Discord, and X (formerly Twitter) account to be eligible as a member.
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Tips to maximize your winning chance of an airdrop
Early Participation: Being an early participant has always held the utmost importance for any project. Given the base network’s early stage, early involvement in this ecosystem will be crucial.
Performing Multiple Transactions: Since airdrops are valuable initiatives, many individuals aim to farm them, resulting in high competition. A single transaction might not sufficiently position you for an airdrop.
Conduct Research: Airdrop farmers often rely on a single information source, which might not provide comprehensive details. Extensive research is crucial as airdrops typically lack specific guidelines, and single sources may not offer all the necessary information.
Bottom Line
The steps mentioned above facilitate active participation in the network’s on-chain activities. It’s important to highlight that airdrops frequently reward the most engaged and early participants in a protocol.
While the firm has currently declared no plans for a new token release, the future remains uncertain. Considering the well-funded backing of the base network, the community speculates on a token launch via airdrop.
So you need to position yourself adequately to receive a BASE airdrop potentially.
FAQs about the Base Airdrop
1) How much is the Base airdrop worth?
There is no official statement supporting the value of the base airdrop. However, based on speculation from other airdrops initiated by L2, the potential worth of the base airdrop could range from $5,000 to $10,000.
2) Is Base launching its own token?
Currently, Coinbase has no native token and has explicitly stated no plans for a new network token. However, with plans for progressive decentralization in the future, these decisions might evolve.
3) When is the Base airdrop expected to occur?
The Base Network is still in its early phase, but considering its progress towards decentralization and initiatives, we might anticipate the base airdrop to potentially occur in 2024.
4) Does it require an initial investment?
The cost of the initial investment varies per individual, as on-chain transactions might require a small amount of ETH, often with minimal costs. If you perform these steps multiple times, higher costs may be incurred.
Disclaimer: This content piece is entirely based on the author’s opinion. It does not provide financial advice and individuals should conduct their own research before making any financial decision.
