Base is Ethereum L2 built by Coinbase, one of the largest exchanges in the world. Here’s what you need to know about the speculative $BASE token airdrop.
Coinbase has always denied involvement in the creation of the network's token, but the airdrop community remains optimistic and speculates on the possibility of $BASE airdrops in the future. Additionally, participating in the Base protocol increases your chances of receiving multiple airdrops from other projects if they also decide to launch tokens.
In this article, we will explore the most likely tasks to help you qualify for potential $BASE tokens and ensure eligibility for other airdrops within the Base network.
After reading this article, you can explore my Scroll airdrop guide. They managed to raise $83 million, and the task involved was fairly simple.
What is the basis? Base represents the Ethereum layer 2 blockchain developed by Coinbase to build a secure, cost-effective, and scalable environment for developers. The main goal is to create a platform on which developers can build on-chain applications without running into security, speed, or gas fee challenges.
The Layer 2 architecture facilitates off-chain settlement of transactions while leveraging Ethereum’s decentralization and security, thereby increasing efficiency and reducing transaction costs. Essentially, Base operates similarly to Optimism, utilizing optimistic aggregation to complete transactions.
Coinbase launched a testnet for the L2 blockchain in February 2023, and the response was notable. The mainnet opens to the public on August 9, 2023.
Has Base issued $BASE tokens? Coinbase has explicitly denied any intention to introduce a new network token and stated that they prefer ETH as their native token. Nonetheless, rumors persist about a possible future launch of a $BASE token.
While Coinbase was staunchly opposed to launching a token, we observed a similar situation with projects like Arbitrum, where initial token launch rumors were denied. Subsequently, Arbitrum conducted a $120 million ARB airdrop to benefit those who received the airdrop.
Base negates the existence of the native token. Is the $BASE airdrop confirmed? Debate continues to rage over whether Base intends to issue tokens. Therefore, airdrops are still in the speculative stage for now. Nonetheless, airdrop enthusiasts continue to be on a mission to prevent Coinbase from quietly introducing the token via airdrop. Additionally, there is the possibility to receive airdrops from projects built on top of the underlying network.
While Coinbase has publicly supported airdrops before, they have maintained transparent communication and a seamless flow of information within the community. So the possibility of a base airdrop might be a bit remote, but it's a venture worth pursuing.
10 tasks that could potentially secure the $BASE airdrop While there are no official instructions, airdrops generally benefit early active users of the protocol. Once you have this knowledge, you can consider interacting with various dApps on the Base mainnet and completing certain tasks on the Base testnet. Always use disposable wallets when participating in new projects. The following is a non-exhaustive list of tasks you can perform:
Mainnet action
Utilize official base bridge
Explore other bridge options
Mint an Onchain Summer NFT
Create NFTs on Mint.Fun
Cooperate with well-known DEX
Join a guild and get a character
Interact with other base dApps
Testnet action
Bridging gETH to the base testnet
Bridge gETH to Base
Use DEX
Get "Early Builders NFT"
Minting "Base, Introduced NFT"
ETH can be easily transferred from the Ethereum mainnet to the Base network using the official bridge. In order to achieve this, you will need an EVM-compatible wallet (such as MetaMask or Coinbase wallet) and some Ethereum. While there may be associated gas charges, this is a recommended mission as it uses official bridges. If you wish to reduce gas costs, alternative bridging options are listed in step 2.
Visit bridge.base.org
Connect your wallet
The base network should be automatically added to your wallet; if not, please visit http://chainlist.org/?search=base or consult the Base documentation: https://docs.base.org/using-base and add Base network.
Enter the amount of ETH you want to transfer and perform the bridge operation.
Funds should arrive within minutes.
Explore other bridge options Orbiter Finance Base Bridge To save gas fees or increase on-chain activity, consider using the following bridges. They support transferring ETH from various networks such as Arbitrum, Optimism, and Binance Chain, thereby saving a lot on gas fees. Explore one or both of the following websites to transfer your funds to Base:
Allbridge：https : //allbridge.cc/
Owlto Finance： https: //owlto.finance/
Layerswap： https: //www.layerswap.io/
Additionally, these bridges may provide their own airdrops in the future. For more details, see my Orbiter Finance airdrop guide.
Building Onchain Summer NFT Base Onchain Summer NFT In August 2023, Base held an important NFT event called Onchain Summer to celebrate the launch of its mainnet. The initiative is powered by Mint.Fun, in partnership with Coca-Cola, Atari, and numerous NFT artists. Although the event ended on August 31, you can still visit the site to buy and trade NFTs.
Visit https://onchainsummer.xyz/ and connect your wallet
Mint or acquire affordable NFTs
Create NFTs on Mint.Fun Create NFTs on MintFun Mint.Fun acts as a layer 2 NFT marketplace supporting the Base network. The next task involves accessing the platform and minting NFTs to stimulate increased activity on the Base blockchain.
Visit https://mint.fun/ and connect your wallet
Click "Mint Now" and mint any NFT on the Base chain; many of them are free
Optional: Consider getting a "Base Day One" NFT to commemorate the official release of Base. The NFT may only be available on secondary markets such as OpenSea.
Optional: Explore “!fundrop” and mint !fundrop passes to accumulate points and increase your eligibility for potential Mint.Fun airdrops.
Participate in famous DEX-based popular DEXs Swapping tokens on decentralized exchanges (DEXs) is one of the most straightforward ways to generate on-chain activity, in line with the goals of airdrop farming. Here are some of the largest DEXs operating on Base, according to data from Defi Llama. You don't need to use them all, but they can help increase activity in your wallet:
Uniswap： https: //app.uniswap.org/#/swap
Wardenswaps：https : //wardenswaps.cc/
PancakeSwap：https://pancakeswap.finance/swap?chain =base
Aerodrome：https ://aerodrome.finance/swap
Alien Base： https: //app.alienbase.xyz/
Source rocketswap
Visit these sites and participate in the token exchange. You can exchange any token and any amount as often as you want. Depending on the DEX support, you may also consider providing liquidity to the pool and withdrawing immediately.
Join a guild and get a character
In the official Base Discord, there is a "Character" panel waiting for you to complete a series of tasks:
Go to https://base.org/discord and join the group.
Visit https://guild.xyz/buildonbase.
Connect your accounts, which requires setting up or already having a Twitter, Github, Discord profile, and cryptocurrency wallet.
Once you link your accounts, you can complete tasks like following Base and Coinbase on Twitter, starring their Github projects, and more.
If available, obtain the relevant NFT.
Finally, return to the Discord platform, access the characters panel, and click "Join Guild" to confirm your participation.
Interact with other Base dApps, such as those released on Base Blockchain For those interested in interacting with unique smart contracts (which may be a criterion for receiving airdrops), you can find the most popular ones at any given time Base dApps:
Visit https://defillama.com/chain/Base.
Explore the top protocols based on Total Value Locked (TVL).
If new protocols match your interests, interact with them.
Always exercise caution and use disposable wallets when participating in unfamiliar projects. Some other dApps you might consider interacting with include BaseSwap (DEX), RocketSwap (DEX), and DackieSwap (DEX).
While testnet action is not guaranteed, early users who actively participate in the testnet can receive rewards in the event of a potential airdrop. For example, Aptos previously airdropped 20 million tokens to 110,235 testnet users. If the base decides to go for an airdrop, we can only hope they follow a similar route.
Bridging gETH to the base testnet Basic Goerli Testnet Bridge To interact with the base testnet, you need to use the official test bridge to bridge gETH (the test token). Here are the steps to follow:
Visit the official Base bridge: https://goerli-bridge.base.org/deposit. Make sure you select Base Goerli.
Connect any EVM compatible wallet (e.g. MetaMask, Coinbase Wallet, etc.).
The base network should be automatically added to your wallet. If not, please visit http://chainlist.org/?search=base or refer to the Base documentation to add it: https://docs.base.org/using-base.
Get gETH testnet tokens. Base recommends using multiple faucets, but the Bware Labs faucet is the easiest option: https://bwarelabs.com/faucets/base-testnet.
Go back to https://goerli-bridge.base.org/deposit and bridge your gETH testnet tokens to the Base testnet.
Get the "Early Builders NFT" Base Early Builders NFT In the Base Discord channel, the tasks section offers challenges that allow you to mint free "Early Base Builder" NFTs. Although there are a few steps involved, the process is simple and can be completed in under 5 minutes. How to do:
Visit apetimism.com/launch, connect your wallet, and click "Log In."
Click Create New Project, provide a random name, select Base Goerli, and click Create.
Access the Smart Contracts panel and fill in the necessary fields (token name, symbol, etc.).
Click Save and Deploy.
Copy the smart contract address shown on the screen (it may take a short wait).
To obtain the NFT, visit https://quests.base.org/. Connect your wallet and start exploring. Navigate through the pages until you can paste the smart contract address you obtained earlier.
Continue to follow the prompts to become eligible to mint Early Base Builder NFTs.
Minting “Base, Introduced” NFT to commemorate Base NFT Base has launched an NFT to commemorate the launch of the testnet. To obtain it, visit https://zora.co/collect/eth:0xd4307e0acd12cf46fd6cf93bc264f5d5d1598792.
You can mint one per address, but note that there is an ETH gas fee. Consider completing this task when gas costs are lowest. While there's no guarantee that this NFT will become part of the Snapshot standard, holding it could help with other tasks, such as guild roles.
Try Pira Finance Pira Finance is a DEX currently running on the testnet, offering free token swaps to facilitate testnet trading in your wallet. Additionally, they hinted at possible airdrops in the future.
Visit https://www.pira.finance/.
Connect to Goerli testnet base.
Swap tokens and consider providing liquidity to the pool.
Track your base stats There are several free tools available for tracking your base drop related stats. By entering your wallet address, you can obtain valuable information such as transaction volume, active days, and more. Keep in mind that some statistics may vary from tool to tool. Here are some options:
https://app.rhino.fi/base-tracker
https://trackdrop.xyz/
All told, Base has amassed $70 million in TVL in the first nine days, and its growth is expected to continue, according to Defi Llama. Although they denied the airdrop, such denials are common in the early stages of airdrop speculation. We'll have to wait and see what happens. The base benefits from the support of a well-funded company, making it a strong candidate for airdrop radar surveillance. "
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