Swell Network Airdrop: Eligibility and Potential Benefits

Bittime - Swell Network introduces a creative airdrop program called "The Voyage." This program offers a unique opportunity for users to earn SWELL tokens through active participation in their ecosystem. 

So, how do we become eligible for the Swell Network airdrop program? Additionally, what is the potential profit? Keep reading this article to find out!

What is Swell Network?

Swell Network is a liquid staking protocol designed to address liquidity issues in traditional ETH staking. Its main advantage is the ability for users to use their ETH as collateral while still enjoying the benefits of conventional staking. 

As an open-source and decentralized platform, Swell Network guarantees user security and privacy, without admin interference with staked ETH.

Unlike the standard Ethereum node validator which requires 32 ETH, Swell Network allows anyone to earn staking rewards with a much smaller amount of ETH. This opens up opportunities for small investors to participate in the Ethereum staking ecosystem.

Read also: Swell Will Launch an Airdrop Program Named Wavedrop on October 8!

According to data from DeFiLlama, Swell Network's Total Value Locked (TVL) has reached $75 million as of August 2024. This shows significant growth of 50% in the last three months.

Memahami "The Voyage," Program Airdrop Swell Network

"The Voyage" is a game-style airdrop program where participants hunt for "PEARLS". PEARLS are points that measure a user's contribution to the Swell Network and can later be exchanged for real crypto rewards. This program is divided into four chapters:

1. Chapter 1 - Sunlight Zone: The initial stage where participants become citizens of Swell DAO.

2. Chapter 2 - Twilight Zone: Referral phase where participants can invite other people to join.

3. Chapter 3 - Midnight Zone: Participants explore liquid staking with rswETH, opening access to restaking rewards.

4. Chapter 4 - Swell City: Final stage where PEARLS are exchanged for SWELL tokens.

Benefits of Participating in The Voyage

While there are already well-known liquid staking protocols such as Rocket Pool, The Voyage offers a unique opportunity to diversify your staking portfolio. 

Additionally, the program provides an opportunity to gain early access to SWELL tokens, which are expected to have high value at launch.

Balso: Swell Ready to Launch rswETH Withdraw Function This Week!

Based on a report from CoinGecko, token governance from other liquid staking protocols such as Lido (LDO) has recorded a return on investment (ROI) of more than 1000% since its launch. This shows the huge potential that the SWELL token may have in the future.

How to Participate and How to Be Eligible

1. Visit the official SWELL Voyage app.

2. Connect your Ethereum wallet (recommended using WalletConnect or MetaMask).

3. Stake your ETH to get swETH (1 ETH = 0.966 swETH).

4. Earn 30 PEARLS for every swETH or rswETH minted.

5. Stake more ETH to increase returns via Swell Earn.

It is important to remember that you need a minimum amount of ETH to participate and pay gas fees.

Swell Network has earned the trust of the crypto community. The platform is secured by industry leaders such as Sigmaprime, Gauntlet, and Immunefi. 

In addition, Swell is also supported by the Liquid Retaking Council, adding to its credibility in the eyes of investors.

Conclusion

Swell Network's The Voyage offers crypto enthusiasts an exciting opportunity to actively engage in the Ethereum ecosystem while earning the potential for significant rewards. 

With backing from big names in the industry and impressive TVL growth, Swell Network shows great potential to become one of the major players in the liquid staking space.

However, as with all crypto investments, it is important to do your own research before participating. Make sure you are using the genuine Swell Network platform and fully understand the risks involved in staking ETH. 

With a careful approach and the right information, The Voyage could be a golden opportunity to enter the world of Ethereum liquid staking in a unique and profitable way.

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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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