As more blockchains get announced, we’re seeing a constant stream of airdrop headlines on social media. So why are these blockchains doing airdrops and what do we need to do to benefit from it?
Before a new blockchain, cryptocurrency or application is released, it tries to solve any problems that may arise during the testnet phase. In this phase, they try to get more users to test it to see if there are more problems, if the software works under intensity, and if there are any possible attack situations. That’s why many companies try to attract users with airdrops for their new apps or networks.
Blockchain engineers and smart contract developers launch the testnet by offering the first version of the product they want to release to users. While there are separate test areas for software experts, ordinary users are also given the opportunity to try the testnet with simple operations. At this stage, the testnet networks of the networks in the blockchain are used. In these networks, transactions are made using free testnet tokens for free.
Are Testnet Coins Worth Anything?
Even though we wrote above that testnet coins can be obtained for free, the coins of large networks, especially Goerli Ethereum (gETH), are highly needed by developers or those who work a lot on testnet. Every 24 hours, a certain amount of testnet coins are not enough for these users. In this case, some platforms called faucets run out of testnet coins. In these cases, users have to buy testnet coins from the cryptocurrency market. For example, gETH cannot be sold on centralized cryptocurrency exchanges such as Binance and Coinbase, but it can be bought or sold on decentralized exchanges such as UniSwap for around $1.
What Does Testnet Mean For Those Who Are Just Users On The Blockchain?
The testnet allows users to earn airdrops through some tasks that don’t take long. So far, the largest testnet airdrop reward was given by Aptos. The platform distributed between 150-300 APTs to those who became node validators on the testnet or who mint NFTs at this stage. The value of this was around 5,000 dollars.
How Can I Access The Testnet?
Participating in testnets is easy and many platforms use the MetaMask wallet for this. MetaMask’s open-source testnet wallets can be used on many networks. The platform you are going to testnet on explains the network it will use and asks you to set up a wallet on that network. The easiest way to do this on MetaMask is to connect your wallet by entering the Chainlist site. After connecting your wallet, you are asked to search for the requested network on the site by checking “Include Testnets” at the top of the site. Then the site automatically sets up the wallet by setting up the appropriate network for you.
It may get your attention:
Tastytrade vs. Robinhood: Which Might Be a Better Choice for You? (2023)
How to Withdraw Money from FXTM in 2023: Step-by-Step Guide
Forex.com vs. Moomoo: Which Trading Platform is Right for You?
