SelfChain ($SELF) Token Airdrop Information
Self Chain is a blockchain designed to securely store encrypted backups and master decryption keys, and aims to improve cryptocurrency wallet security and user experience by replacing traditional private keys with distributed mathematical sharing. They recently launched an incentivized testnet on February 29, 2024, and will end on March 15, 2024. So if you want to qualify for a potential airdrop, you’ll need to get your work done quickly! The following is a self-chain token airdrop guide.
Check out our step-by-step Self Chain ($SELF) token airdrop guide.
What is Self Chain?
Self Chain pioneers an early modular intent-driven layer 1 blockchain providing keyless wallet infrastructure services powered by MPC-TSS/AA for multi-chain Web3 access. Key features include:
- modular design: Self Chain is built with a modular, intent-driven approach, allowing for flexible and customizable blockchain solutions.
- Access Layer 1 Blockchain: Acts as a basic blockchain layer, providing the core infrastructure for multi-chain WEB3 access.
- Keyless wallet service: Security and user convenience have been improved by including keyless wallet service in the infrastructure.
- MPC-TSS/AA technology: Utilizes MPC-TSS/AA (Multi-Party Computation Threshold Signature Scheme/Algorithmic Autonomy) for safe and distributed operation.
What is Self Chain ($SELF) token?
The $SELF token is the native token of Self Chain and is used for the following purposes:
- Submit transaction: Users and dApps use the $SELF token to submit transactions to create, transform, and transfer digital assets or interact with applications.
- Staking and Governance: $SELF token holders can stake their tokens to validators and participate in Self Chain’s proof-of-stake mechanism and governance.
- Validator Incentives: Validators manage transaction processing and are incentivized through a proof-of-stake mechanism that rewards honest behavior.
- network fee: Gas fees, paid in $SELF tokens, are charged for network operations to compensate participants and protect against spam and attacks.
According to Self Chain’s token economics, 19% of the total token supply is allocated to ecosystem initiatives through subsidies and incentives. This could mean token airdrops for supporters.
How to receive Self Chain ($SELF) token airdrop
necessary time: 10 minutes
Here’s a guide on how to get a potential Self Chain ($SELF) token airdrop:
- Connect to self-chain testnet
Connect your Keplr or Leap wallet to the self-chain incentive testnet website here. Click “Complete Quest” and “Connect to Self-Chain DevelopmentNet.” To request a testnet $SELF token, follow the rest of the messages in the bottom right.
- Testnet $SELF token claim
Click “Complete Quest” and “Connect to Self-Chain DevelopmentNet.” To request a testnet $SELF token, follow the rest of the messages in the bottom right. The testnet $SELF token can only be requested once.
- Staking $SELF Tokens
Click “Start” in the bottom right. This will take you to a separate page with a list of validators. Connect your Keplr or Leap wallet to your page. We recommend investing your stake in one Bonded and one Unbonded validator. In particular, choose a validator that offers APR. Select your validator, then scroll down to select the number of $SELF tokens you want to stake and click “Delegate.” Approve the transaction in your wallet.
- Follow Self Chain on social media
Next, you’ll be prompted to follow Self Chain on Twitter and Discord. Follow the steps to do this and check when you are done.
- compensation claim
Once you complete the task, you will be prompted to claim 100 $SUPR as a reward. You will also be asked to mint a Uni Zorb NFT. This is on the Arbitrum network and you will have to pay gas fees for the transaction.
- Follow Self Chain on social media
Check the testnet launch date to ensure it is within the airdrop period. 3. Find out the eligibility criteria set by the validator. 4. Make sure you have an active wallet with enough funds to qualify. 5. Participate in staking on the self-chain testnet. 6. Check the staking amount and delegate your tokens to the validator. 7. Check for additional tasks or quests on the testnet platform. 8. Get the latest news on airdrop allocation. 9. Complete social media-related tasks for potential additional rewards. 10. Monitor your wallet balance and transaction history to ensure a successful airdrop. To qualify for the self-chain token airdrop, it is important to participate and follow the instructions exactly.
- Galxe work done
Connect your wallet to https://galxe.com/selfchainxyz/campaign/GCLqYULs2B and complete your social tasks.
- Complete guild mission
Connect your wallet to https://guild.xyz/selfchainxyz. Join a guild and complete missions.
