Axelar ($AXL) Token Airdrop Information
Axelar ($AXL) is a network on Cosmos that allows different blockchain systems to communicate with each other by sending messages and transferring assets securely through validators and smart contracts. If you are in the Cosmos ecosystem, there is a chance of an Axelar ($AXL) token airdrop! Axelar ($AXL) token airdrop guide is as follows:
Check out our step-by-step guide!
What is Accella ($AXL)?
Axelar is a blockchain network designed to facilitate cross-chain communication and transactions. The main features of Axelar ($AXL) are:
- gateway smart contract: Multi-party encryption enables message passing through linked chains controlled by keys shared between Axelar validators.
- The role of the verifier: Validators not only create blocks and verify transactions, but also verify cross-chain activity by running nodes on supported chains and observing external chain activity.
- relay service: This is an optional service that anyone can perform without trust, and is important for initiating cross-chain communications such as deposit confirmation voting.
- gas receiver: A smart contract that accepts tokens to cover gas fees for executing cross-chain smart contract calls, part of Axelar’s relay service.
Axelar is getting a lot of attention right now because it’s getting a lot of institutional attention. For example, Ripple is working with Axelar for cross-chain communication. They are also working with JP Morgan’s Onyx for cross-chain portfolio management.
How do I receive the Axelar ($AXL) token airdrop?
necessary time: 10 minutes
Here’s a guide on how to win a potential Axelar ($AXL) token airdrop:
- Buy Axelar ($AXL)
Buy Axelar ($AXL) Tokens – Start by purchasing Axelar tokens on a cryptocurrency exchange such as Bybit, BingX, Coinbase or Binance. Make sure you have enough tokens to participate and stake in the airdrop.
Sign up for a Bybit account!
Sign up for a BingX account!
- Keplr Wallet Settings
Set up a Keplr wallet or any other secure and compatible wallet that supports Axelar tokens. Keplr Wallet can be downloaded as a Chrome browser extension.
- Stake Axelar ($AXL) Token
Connect to the Axelar chain in your Keplr dashboard at https://wallet.keplr.app/chains/axelar to find the list of Axelar validators. To participate in the Axelar network and qualify for potential airdrops, select a validator to stake Axelar ($AXL) tokens. Do not stake your tokens on centralized exchanges. We staked our $AXL tokens with Cosmos Station and other validators.
- Airdrop notification monitoring
Monitor Airdrop Announcements – Stay updated on official announcements from Axelar regarding potential future airdrops. Follow Axelar’s social media channels and website for the latest information.
