LayerEdge is a decentralized network that aims to improve Bitcoin blockspace by incorporating cutting-edge technologies like Zero-Knowledge (ZK) proofs and BitVM.
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LayerEdge is a decentralized network that aims to improve Bitcoin blockspace by incorporating cutting-edge technologies like Zero-Knowledge (ZK) proofs and BitVM. This guide aims to give a comprehensive overview of the LayerEdge airdrop, outlining how participants can get involved, earn rewards, and grasp the program's framework.
Through this initiative, users can not only accumulate valuable EDGE points but also play a role in the continued growth of Bitcoin’s layer 2 ecosystem.
Overview of LayerEdge
LayerEdge is crafted to secure transactions across diverse blockchain layers, employing innovative proof aggregation and verification methods. By utilizing BitVM for trust-minimized verification, LayerEdge allows for efficient rollups and blockchain settlements on Bitcoin, leading to significant reductions in blockspace usage and associated costs.
Objectives of LayerEdge
- Enhance Security for Bitcoin: Extend the security framework of Bitcoin to multiple blockchain layers, thus increasing trust and reliability.
- Efficient Proof Aggregation: Develop a robust verification layer that aggregates ZK proofs, enabling scalable computing solutions.
- Support for Decentralized Applications: Establish a solid infrastructure that facilitates the growth of decentralized applications and blockchain technologies.
LayerEdge Airdrop Details
LayerEdge has launched an incentivized testnet program that allows participants to earn EDGE points by operating light nodes and verifying proofs. The program is divided into two phases, each designed to engage users and reward their contributions to the ecosystem.
Key Dates
- Phase 1: January 22, 2025 – January 28, 2025
- Phase 2: Currently live and will continue until March 22, 2025 (officially begins on January 28, 2025)
During these phases, participants can earn EDGE points by running light nodes and verifying proofs. As they operate their nodes, users will accumulate points continuously, earning 1 point for every second of active operation.
Additionally, participants can enhance their point totals through daily check-ins and by completing various tasks within the LayerEdge ecosystem.
Token Generation Event (TGE)
While the specifics regarding the Token Generation Event (TGE) are not yet disclosed, participants are encouraged to follow official LayerEdge channels for any updates. This event is critical as it will define the distribution and utility of the EDGE tokens.
Tokenomics
Although detailed tokenomics have not been released, the airdrop program incentivizes active participation through the accumulation of EDGE points.
These points may later convert into tokens, providing potential value to participants who engage in the network’s activities.
How to Participate in the LayerEdge Airdrop
Step-by-Step Participation Guide
Step 1: Access the LayerEdge Dashboard
Begin by navigating to the official LayerEdge dashboard. This will be the hub where you manage your participation and track your earned points.
Step 2: Connect Your Wallet
An EVM-compatible wallet such as MetaMask or Rabby is required for participation. Make sure to connect your wallet to the LayerEdge dashboard to enable your participation in the airdrop.
Step 3: Obtain an Invite Code
To join the airdrop, you will need an invite code. You can find these codes by searching for terms like "LayerEdge invite" on social media platforms such as X (formerly Twitter). Alternatively, you can request an invite code from friends or community members already engaged in the project.
Step 4: Enter the Invite Code
Once you have your invite code, enter it during the registration process. For instance, you might use "MyN3bf63" as an example. Always ensure that the link leads you to the official LayerEdge website to prevent falling victim to phishing scams.
Step 5: Start Your Light Node
After successful verification, click the “Start Node” button. This action will initiate your light node, allowing you to start accumulating EDGE points.
Step 6: Keep Your Browser Open
It’s essential to keep the browser tab open during the operation of your light node. This ensures that you continuously earn points as your node remains active.
Step 7: Invite Your Friends
You can also invite friends to participate in the LayerEdge airdrop. By doing so, you can collect additional daily rewards based on their participation, further increasing your earning potential.
Step 8: Daily Check-ins
Make it a habit to visit the “Claim Reward” tab on a daily basis to collect any additional point bonuses. Regular engagement will enhance your overall reward potential.
New Point-Earning Opportunities in Testnet Phase 2
During Testnet Phase 2, which is active until March 22, 2025, LayerEdge has introduced several new tasks that participants can engage in to earn additional points. These opportunities include:
- Proof Task: Participants can complete specific tasks using ChatGPT to earn up to 2,000 points. This task is limited to a maximum of 280 words, encouraging concise and effective responses.
- Light Node Operation: Successfully running a light node during this phase will also reward participants with 2,000 points, further incentivizing active participation.
OG Pass NFT Benefits
Participants can take advantage of the OG Pass, which offers several benefits:
- Mint Cost: The OG Pass can be minted for approximately $2, making it an accessible option for users looking to enhance their earning potential.
- Points Multiplier: This NFT provides a 3x multiplier on all points earned, significantly increasing the rewards for participants.
- Classification: Referred to as an “OG Pass,” this NFT is specifically designed to boost the earning potential for dedicated participants in the LayerEdge ecosystem.
How to Earn EDGE Points
Point Accumulation Structure
Participants can earn EDGE points through various mechanisms:
- Running a Light Node: Participants earn 1 EDGE point for every second their light node is actively running.
- Daily Check-ins: Additional points can be obtained through daily logins to the dashboard.
- Completing Tasks: Engaging in specific tasks and challenges designed within the LayerEdge ecosystem will also contribute to your total points.
How to Maximize Your Rewards
To optimize your airdrop rewards, consider the following strategies:
- Consistent Node Operation: Keep your light node active by maintaining the browser tab open. This will ensure uninterrupted point accumulation.
- Daily Check-ins: Regularly check in to collect any available bonus points, which can significantly increase your total.
- Dedicated Browser Window: Utilize a separate browser window specifically for the light node to avoid accidental closures.
- Monitor Progress: Regularly track your points accumulation through the LayerEdge dashboard to stay informed of your standing.
- Join Community Channels: Participate in the official LayerEdge Telegram channel to receive updates and learn about additional earning opportunities.
Conclusion
LayerEdge stands at the forefront of decentralized innovation, seeking to optimize Bitcoin's ecosystem through advanced verification and settlement solutions. The airdrop program provides a unique chance for participants to engage with this evolving ecosystem while earning rewards in the form of EDGE points.
By following the outlined steps for participation and actively engaging in various tasks, users can maximize their benefits from the LayerEdge initiative and contribute to its success.
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