Monad Airdrop Could Make You RICH (5 Testnet Projects to FARM NOW) Full Guide - Jimbo's Crypto Land

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#Airdrop #Alphadrop #Blockchain #Crypto #Dapps #DeFi #EVM #LootGo #Monad #Testnet

Description

Dive into the Monad testnet and explore eight actionable ways to interact with its growing ecosystem, from securing testnet MON tokens to deploying smart contracts. Special guest Jimbo cracks open add...

AI Analysis

This guide dives deep into farming the potential Monad airdrop by interacting with its testnet. It covers multiple ways to get free Monad testnet tokens and features guest Jimbo explaining five specific projects you can use right now to boost your eligibility, including decentralized exchanges, lending protocols, and even meme coin creation platforms.

Here's a breakdown of what's covered:

Getting Monad Testnet Tokens (MON):

* Finding reliable sources for testnet MON is crucial to start interacting.
* Talentum Faucet: A recommended faucet because it's reliable and gives 0.3 MON every 24 hours without many errors experienced so far. This is presented as a more dependable option than the official Monad testnet faucet.
* Mozi Finance Faucet: Another source mentioned for acquiring testnet tokens.
Atlantis Dex Faucet Hack: This involves using the Atlantis Dex faucet to mint various testnet tokens, swapping them all* into Atlantis tokens (ATL presumably), and then swapping those ATL tokens into MON. It's presented as a clever workaround to get more MON.
The presenter hints there are more* ways to get tokens coming soon.

Jimbo's Alpha - Interacting with Monad dApps:

Jimbo, described as a crypto OG and airdrop expert, shares five specific platforms on the Monad testnet to interact with:

* OctoSwap:
This is a Decentralized Exchange (DEX) built only* on Monad, which is seen as a positive point compared to multi-chain DEXs like Velodrome.
* You can swap assets, like swapping testnet MON for Yaki.
* You can provide liquidity by pairing tokens (e.g., MON and Yaki) and adding them to a liquidity pool.
* Future features mentioned include games and minting an 'OctoID', but they are marked as 'coming soon'.
* Kinza Finance:
* This is a borrowing and lending protocol.
* You can supply assets (like MON) to earn interest (though interest isn't the focus here, interaction is).
* After supplying, you can borrow other assets (like USDC). The amount you can borrow depends on the value of the assets you supplied (your collateral).
* There's a dashboard to track your supplied and borrowed amounts.
* The emphasis is on trying it out since it's testnet money (no real financial risk).
* EstMonad (Shmonad):
* This is a liquid staking protocol, similar to Magma (which was apparently covered previously by Martin).
* You stake your testnet MON tokens.
* In return, you receive EstMonad tokens, which represent your staked MON but can potentially be used elsewhere (that's the 'liquid' part).
* After staking, you need to go to the 'Commit' tab, select a policy (doesn't matter which), and commit the EstMonad tokens you received.
* Flap:
* A platform for creating and trading meme coins on the Monad testnet.
* You can browse existing meme coins (like 'MOSI') and buy/sell them using your testnet MON.
You can also create your own* meme coin by providing a name, ticker symbol, image (optional description), and launching it.
* Jimbo demonstrates creating an 'Alpha Turtle' (ATL) token.
* After creation, you can buy your own newly created token.
* Nextmate:
* A predictions market platform, similar to Polymarket.
* You can bet on the future price direction (up or down) of assets like Ethereum within a specific timeframe.
* You can also create your own prediction markets.

Deploying a Smart Contract:

* EZNode: A simple tool recommended for deploying a basic smart contract on the Monad testnet.
* You connect your wallet, choose a simple contract type (like 'counter' or 'symbol token').
* Ensure your wallet is set to the Monad testnet network.
* Click 'deploy your contract'. This is often considered a valuable interaction for airdrop eligibility.

Loot Go - Gamified Interaction:

* Loot Go is presented as a free, mobile 'walk-to-earn' game connected to Monad.
* It functions similarly to Pokemon Go, using your location.
* Instead of catching Pokemon, you find and open treasure chests on a map.
* Opening chests rewards you with testnet MON tokens and various meme coins.
* The presenter shows their portfolio accumulated just from opening chests.
* The beta phase is closing soon, and a giveaway for one beta pass code is announced via a linked post.

Overall Goal:

The underlying goal of all these actions (getting tokens, swapping, lending, staking, creating meme coins, deploying contracts, playing Loot Go) is to create a history of interaction with the Monad testnet ecosystem. This activity pattern is what many believe will make users eligible for a potential future MON token airdrop when the main network launches.

Transcript

What's up everyone? Welcome to Alpha Drop. We're in with another Monad video today. If you watched our previous video, we talked about the urgent tasks you have to complete for Monad. Now in this video, we're going to be joined by a special guest that's going to be sharing five more Monad interactions with you. I'm also going to be sharing three ways you can get Mon Testnet tokens. And if you stick to the end of this video, I'm going to be giving one lucky winner early access to Loot Go. Loot G...