Gone are the days of dedicating countless hours to researching airdrops, frantically switching between decentralised applications (dApps) to deposit funds, and meticulously maintaining spreadsheets to track a multitude of airdrop opportunities.
Airdrop farming, a strategy that leverages decentralised finance (DeFi) to harvest airdrop rewards distributed by new and upcoming crypto projects, has become increasingly popular.
However, navigating this complex and time-consuming process can be daunting for both seasoned and novice cryptocurrency enthusiasts.
Dropnest, a revolutionary new platform, has just launched its Mainnet, making airdrop farming an accessible and streamlined experience for everyone.
Launched on 15 July, Dropnest promises to be the most inclusive and intuitive airdrop farming app, empowering users to effortlessly participate in a multitude of airdrops and maximise their returns.
Dropnest identifies three main pain points that airdrop farming throws at users:
● Information Overload and Research Paralysis:
How do you know which protocols to farm and how to farm them effectively?
Dropnest takes the research burden off the shoulders. Their team selectively picks what they believe are the most promising high-yield airdrops, allowing users to sit back and relax.
● Trust Issues in the Wild West of Crypto:
Airdrop farming can be lucrative, but it also comes with the risk of encountering untrustworthy projects (rugs).
To combat this, Dropnest implements whitelisting. They conduct their due diligence (DD) for the projects, picking only the best and most reputable ones for you to farm.
● Complexity is the Enemy of Accessibility:
Airdrop farming is not a one-click operation. It can be a complex maze for the average crypto user, especially newcomers.
This creates a barrier to entry, limiting the reach of airdrop campaigns.
Dropnest simplifies the process with a one-click farming experience. Simply add funds to the vault, choose the airdrop from their whitelisted projects, and let Dropnest handle the rest.
A personalised dashboard keeps users informed about their airdrops.
Example of a personalised dashboard
For users, the process is remarkably streamlined:
● Login and Fund Your Vault:
Users can either connect their existing wallets or create a new one within the Dropnest platform. Once connected, they deposit the desired amount of funds into their secure vault.
● Pick Your Airdrop Adventure:
Dropnest presents a selection of whitelisted airdrop projects. Users can choose the airdrops that align with their interests and risk tolerance.
● Sit Back and Relax, Dropnest Takes the Wheel:
Once the selection is made, Dropnest takes over the heavy lifting. They transfer the funds into secure smart vaults and deploy them towards airdrop farming on behalf of the users.
● Claim Your Rewards with Transparency:
When a project distributes its airdrop tokens, Dropnest returns the initial investment alongside the user's share of the airdrop rewards.
Users will be notified when the protocol is ready for claims. Simply click on 'Claim' to receive the tokens in their accounts.
The entire process, including wallet addresses and airdrop points, is transparently viewable through the Dune Analytics dashboard.
Here’s an animated visualisation of how it works in the backend:
But wait, isn't airdrop farming a risky endeavor? Absolutely.
That's why Dropnest prioritises security and transparency.
They meticulously curate a whitelist of trusted protocols, ensuring you only farm airdrops from reputable projects.
Names like Mantle, Taiko, Bouncebit, and Cypher Capital (a renowned investment firm) bolster Dropnest's credibility.
Additionally, their farming process utilises secure smart vaults, safeguarding your assets throughout.
Dropnest offers a compelling proposition for users seeking a streamlined airdrop farming experience.
Let's delve into the key benefits:
● Effortless Efficiency:
Dropnest eliminates the need for manual research and complex farming processes. Users can participate in multiple airdrops simultaneously with just a single click, maximising their efficiency and potential returns.
● Unwavering Transparency:
Dropnest prioritises user trust. The entire process, including the wallets used for airdrop farming and the points earned, is transparent and trackable through a Dune Analytics dashboard.
This level of transparency fosters a sense of security and empowers users to stay informed.
● Security at the Forefront:
Dropnest understands the importance of safeguarding user assets.
The platform employs secure smart vaults to protect user funds, and has undergone a comprehensive security audit by the reputable firm Hacken.
This commitment to security provides users with peace of mind.
● Ethical Airdrop Hunting:
Dropnest strives to maintain ethical practices within the airdrop farming landscape.
Unlike some groups or pools that operate in secrecy, Dropnest partners with new and upcoming protocols, fostering a collaborative environment.
By making airdrop accounts public, Dropnest ensures complete transparency for both users and protocols involved.
While the specific identities of the Dropnest founders remain undisclosed, their expertise speaks volumes.
This team, aptly codenamed with avian titles, boasts a collective wealth of experience in the financial and technological sectors.
Falcon, the Co-founder overseeing Business and Operations, brings a blend of venture capital expertise and entrepreneurial success to the table.
Vulture, the Tech Co-founder, possesses a proven track record at industry giants Layer3 and Revolut, while Parrot, the Design and Frontend Lead, boasts an impressive client list that includes tech titans like Intel and RedHat.
Rounding out the team are Eagle, the mastermind behind Dropnest's marketing strategy, and Hawk, the vigilant researcher ensuring users have access to the most promising airdrop opportunities.
Dropnest has introduced DROP Points, a loyalty program designed to reward user engagement and activities within the platform.
These points play a crucial role in unlocking unique opportunities and exclusive rewards. Users can accumulate DROP Points through two primary methods:
Understanding DROP Points requires delving into two key components:
Three factors significantly influence the velocity: deposits, multipliers, and referrals.
The higher the deposit amount, the faster the DROP Points accumulate. Additionally, various multipliers act as boosters, further accelerating the rate at which points are earned.
Finally, a robust referral network translates to a higher velocity as both the referrer and the referred user benefit from each other's activity.
To incentivize early participation and reward loyal users, Dropnest has introduced a tiered multiplier system for Season 1.
These multipliers essentially amplify your DROP Points, accelerating their growth. The total multiplier you receive is a product of several factors, including:
The power of community is undeniable, and Dropnest rewards users for spreading the word.
By referring new users, you earn DROP Points not only from their deposits but also from their referrals' deposits, creating a cascading effect.
The more users you bring into the fold, the faster your DROP Point nest grows!
Dropnest has already made significant strides in a short period:
On top of that, Dropnest is listed as one of the top newly listed projects on RootData with the highest X Influence Index, showcasing its significant impact and influence in the crypto community.
Dropnest takes security very seriously. Their platform has undergone rigorous security audits by Hacken, a leading Web3 cybersecurity firm.
This ensures the highest level of protection for your funds.
Hacken is a leading Web3 cybersecurity auditor dedicated to creating a more ethical Web3 environment. Established in 2017 and based in Ukraine, Hacken offers a comprehensive suite of cybersecurity services for Web3 projects and their communities.
These services include Smart Contract Audits, L1 Blockchain Protocol Audits, dApp Audits, Pentests, and a Bug Bounty Program hosted on HackenProof, the top bug bounty platform.
With a gold verification tick on X, Hacken is recognised as an official organisation, boasting a following of 95,700, which highlights its credibility in the cybersecurity space.
Therefore, Dropnest's security audit conducted by Hacken can be deemed as legitimate and trustworthy.
Additionally, according to a X post by Johnking (@johnking_eth), Dropnest is supported by Cypher Capital.
Also supported by the renowned @cypher_capital, @DropNest_xyz credibility and potential for growth are reinforced.
Cypher Capital is a multi-strategy crypto investment firm based in Dubai. They focus on investing in early-stage companies in the Web3 space.
Their involvement, if true, could prove highly beneficial for Dropnest.
While details about Dropnest's funding rounds remain undisclosed, Cypher Capital's backing would provide Dropnest with access to crucial resources and expertise – invaluable assets for a young startup navigating growth and development.
Coinlive sees Dropnest as a promising platform for simplifying airdrop farming, a complex and time-consuming process in the crypto world.
With a focus on security (Hacken audit) and curated airdrops, Dropnest offers an attractive solution for both novice and experienced crypto users.
Their DROP Points loyalty program further incentivizes user engagement.
However, the platform's recent launch and lack of transparency regarding team identities and funding warrant cautious optimism.
Whether Dropnest lives up to its claims of effortless, ethical airdrop farming remains to be seen.
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