Pharos Network Testnet Airdrop (Full Guide)
Description
Join Alpha Drop as we guide you through the Pharos Network airdrop. Learn how to connect your wallet, claim testnet tokens, complete swaps, provide liquidity, and more. đ¨ Pharos Guide: https://www....
AI Analysis
Okay, here's a summary of the video about the Pharos Network testnet airdrop:
Pharos Network, a high-performance EVM layer 1 focused on real-world assets, has launched its testnet, and it's seen as a strong candidate for a potential airdrop. The testnet is still very early, having launched recently and already attracting over 110,000 users. To participate in the airdrop opportunity, you need to join the testnet and complete various on-chain and social tasks.
Here are the key details and steps discussed:
- Pharos Network is an EVM Layer 1 blockchain designed for real-world assets.
- It has raised $8 million from notable ventures like HackVC and FactionVC.
- The testnet is currently live and is considered to be in its very early stages (day 3 at the time of recording), which makes it a potentially good airdrop target.
- Over 110,000 real users are already participating in the testnet.
- To get started, you need to go to the Pharos testnet website, connect your wallet, and switch to the Pharos testnet network.
- A crucial daily task is the daily check-in, which you should remember to do every single day.
- To perform the on-chain tasks, you first need testnet tokens, which you can claim from a faucet provided by Pharos.
- The first on-chain task is swapping tokens. You use the testnet Pharos tokens from the faucet to swap for other tokens, like Wrapped Pharos tokens.
- You can swap to any of the available tokens, and it doesn't seem to matter which pair you choose.
- You can repeat the swap task up to 10 times per day, so you need to manage your testnet tokens wisely. An additional faucet link is available if you need more tokens.
- The second on-chain task is providing liquidity. You need to click on "new pool," select any token pair, enter the amount of tokens you want to add, and approve the transaction.
- The third on-chain task is sending tokens to friends. Trying to send tokens to your own address doesn't seem to work. The presenter suggests sending tokens to another one of your wallets if you have multiple, which should count for the task.
- There is a task to invite friends, which can be done by sharing your code. You can share the video, tag @boxminingmartin on X, and include your code.
- Pharos has upcoming features like the Pharos Identify Service and NFTs.
- Social tasks are also available, including following them on X, retweeting and replying to their posts, and joining their Discord server to stay updated.
- Another method to farm the Pharos testnet and potentially increase your chances for an airdrop is by deploying smart contracts.
- You can use a tool like Mint Air to deploy testnet smart contracts on the Pharos network.
- To deploy a smart contract via Mint Air, connect your wallet, select Pharos testnet, choose whether to deploy a token or an NFT contract, set a timer, and deploy.
- Deploying smart contracts is a way to ramp up your transaction volume on the Pharos testnet.
- Participating in testnets like Pharos is part of a broader strategy for positioning yourself well for the upcoming "airdrop season."
- It's recommended to check out Airdroplet.com for updates in the airdrop space, including their rumor monitor and news tab. Becoming a free member offers additional perks.
Transcript
Welcome to AlphaDrop. My name is Martin. Today we're going to be talking about Pharos Network, an airdrop a bunch of you guys have been asking us to cover. I'm going to be telling you my opinions about Pharos Network and everything you need to know about the airdrop. I'm going to be taking you step by step to complete all of the tasks so we can hopefully get the rewards at the end. All right, so if that sounds good to you, make sure you drop a like on this video, subscribe to the channel, and w...