SatoshiVM ($SAVM) Testnet Airdrop GUIDE and UPDATES (DON'T MISS OUT!)

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Description

SatoshiVM testnet has been open for three days and the numbers are looking really impressive. There is no official announcement of an $SAVM airdrop yet, BUT testnet users can potentially qualify for o...

AI Analysis

SatoshiVM is making waves as a ZK rollup for Bitcoin that's also compatible with the Ethereum Virtual Machine (EVM) ecosystem. This makes it a pretty unique project, allowing you to bridge Bitcoin directly to Ethereum, using Bitcoin as its native gas token. There's a lot of buzz around a potential $SAVM token airdrop for testnet users, and getting involved now is seen as a major opportunity due to the project's early stage, strong investor backing, and the low Fully Diluted Valuation (FDV) expected for the token.

Here’s a breakdown of what makes SatoshiVM a project to watch and how you can get involved:

* What is SatoshiVM?
* SatoshiVM is essentially a ZK rollup built on Bitcoin, which means it processes transactions off-chain and then rolls them up onto the Bitcoin blockchain in a compressed format, improving scalability and efficiency.
* A key feature is its compatibility with the Ethereum Virtual Machine (EVM), allowing it to interact with and utilize the vast ecosystem of decentralized applications (dApps) and tools built for Ethereum.
* It uniquely allows for native bridging of Bitcoin assets to Ethereum, using Bitcoin itself as the gas token for transactions within its ecosystem. This direct link between Bitcoin and EVM is considered one of a kind.

* Recent Updates and Project Outlook
* The SatoshiVM testnet has just opened, and it's still incredibly early, having been live for only about 72 hours. This suggests you have a chance to get in early on potential airdrop farming.
* The project's Q1 2024 roadmap, which includes the testnet launch, has been completed remarkably fast. The next phase, "Satoshi VM Lite," is coming soon, with a swap function expected to be enabled.
* Currently, the main interactions on the testnet are limited to the BTC bridge and the SAVM bridge (which uses Ethereum Sepolia).
* Despite being so new, the testnet numbers are already "insane," indicating it's getting a lot of attention, possibly "over farmed" in the competitive airdrop space. However, if you're invested in the Ordinals ecosystem, SatoshiVM is definitely the play.

* The Airdrop Hype and Why It's Believed to Be Imminent
While there's no official* announcement for an $SAVM airdrop specifically for testnet users, there's a strong conviction that one is coming.
* A significant indicator is the upcoming launchpad, which will have two rounds: an IDO (Initial DEX Offering) and a random selection round on Bounce Finance. For the random selection, you'll need "auction" tokens to buy tickets, but a great perk is that you can claim a full refund if you don't win any SAVM tokens.
* The ILO (Initial Liquidity Offering) round is even more appealing, offering weekly Ethereum and SAVM rewards, allowing participants to earn passive income from the Automated Market Maker (AMM) trading fees.
* Influential figures in the crypto space, like Mac (an OG Twitter influencer) and Murtaza, have reportedly met with the developers and are actively "farming" for the airdrop, which strongly implies an airdrop is confirmed internally.
* Kaduna, another notable figure, believes the FDV (Fully Diluted Valuation) of the SAVM token will be very small. A low FDV means the token has huge upside potential for price pumps once it launches, making the "free" tokens from an airdrop incredibly valuable.
* Historically, projects like Stride have rewarded testnet users first, followed by mainnet users, setting a hopeful precedent for SatoshiVM. The belief is strong that snapshots of testnet interactions are being taken.

* Step-by-Step Testnet Guide (How to Potentially Qualify for the Airdrop)
* 1. Connect SatoshiVM Testnet to MetaMask: Go to `testnet.svmscan.io`. You don't need to manually add the network; just click the button on the site to automatically connect it to your MetaMask wallet.
* 2. Set Up a UNISAT Wallet: If you don't have one, download the UNISAT wallet Chrome extension and set it up. This wallet is crucial for interacting with the Bitcoin testnet.
* 3. Switch UNISAT to Testnet: By default, UNISAT might be on the "live net." Navigate to the settings within your UNISAT wallet and switch the network to "testnet."
4. Get Testnet Bitcoin (BTC): Use Bitcoin testnet faucets like `bitcoinfaucet.uo1.net/send.php`. Copy your UNISAT wallet address (ensure it's a native SegWit address* – starting with `bc1q` – as other address types won't work for these testnet transfers) and paste it into the faucet to claim testnet BTC.
* 5. Use the SatoshiVM Bridge: Head over to `bridge.satoshivm.io`.
* Connect Both Wallets: Connect both your MetaMask and UNISAT wallets to the bridge. UNISAT will be your source chain for Bitcoin, and MetaMask will receive tokens on the SatoshiVM testnet.
* BTC Bridge: Deposit a small amount of testnet BTC from your UNISAT wallet to your MetaMask on the SatoshiVM testnet. This is a primary interaction for potential airdrop qualification. You can track these transactions on `mempool.space` using your UNISAT address.
* SAVM Bridge (Ethereum Sepolia): This bridge allows you to move assets between Ethereum Sepolia and SatoshiVM.
* Get Sepolia ETH: You'll need testnet Ethereum (Sepolia ETH) for gas fees. Use faucets like Sepolia Faucet or Infura (note: these often require an account and have daily caps).
* Claim tSAVM: Claim testnet SAVM (tSAVM) tokens from the faucet provided on the bridge site.
* Bridge tSAVM/Sepolia ETH: Bridge these testnet tokens from your MetaMask (on the Sepolia network) to your MetaMask (on the SatoshiVM network). You can track these transactions on Sepolia Etherscan using your MetaMask address.
* Tracking Interactions: For transactions on the SatoshiVM testnet itself, use the SatoshiVM testnet explorer with your MetaMask address. Look for "internal transactions" to see your bridging activities.

* Tips for Maximizing Airdrop Potential:
* The general consensus is that performing multiple transactions is key. While the speaker has 16, a viewer suggests aiming for around 30 transactions to increase your chances.
* Actively interact with both the BTC bridge and the SAVM (Sepolia) bridge to show broad engagement with the testnet's features.
* It's worth considering regular interaction as the mainnet launch approaches, which could also be a trigger for the airdrop.

In essence, SatoshiVM is seen as a very big deal due to its innovative technology, strong backing, and the very real possibility of a significant airdrop for early testnet participants. It’s an easy and low-effort way to potentially get a free allocation of a token with insane pump potential.

Transcript

Welcome to Box Mining. My name is Ron. I'm an analyst at Box Mining and if you have seen me on Box Mining Plus before, there's where we all talk about airdrops. Now among the videos in our Box Mining Plus, Satoshi VM is a very hot video. It's actually catching up to our Milky Way video, the Milky Way airdrop video. Now there's several updates with Satoshi VM and as for you guys the OG Box Mining viewers, you wouldn't want to miss out on this because I think this is a very big deal. There's pret...