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Tag: airdrop

  • Bybit x Mavia: 1,250,000 MAVIA Airdrop Extravaganza | by BitMedia Buzz | Feb, 2024

    Bybit x Mavia: 1,250,000 MAVIA Airdrop Extravaganza | by BitMedia Buzz | Feb, 2024

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    BitMedia Buzz

    To celebrate the $MAVIA token listing, Bybit crypto exchange has announced a massive airdrop extravaganza for all traders and users.

    Mavia is a Web3 mobile strategy game developed by Skrice Studios, with backing by Binance Labs, Delphi Digital, KickStreaming and Mechanism Capital.

    Airdrop details

    Total prize pool: 1,250,000 MAVIA and 30,000 USDT

    Event Period: Feb 5, 2024 — Feb 26, 2024, 10AM UTC

    Perk 1: 1,200,000 MAVIA Airdrop

    To participate in the MAVIA airdrop, just follow these steps:

    1. Follow the Bybit @Bybit_Official and Mavia @MaviaGame X accounts.
    2. Quote/Re-tweet this post and attach a screenshot of your player base.

    Here’s an example of the screenshot:

    1. Complete Identity Verification Lv. 1 on Bybit.
    2. Deposit 100 USDT and trade MAVIA, or deposit at least $100 worth of MAVIA before the event ends.
    3. Answer the questions in the form when you register.

    30,000 participants will be randomly selected to win 40 MAVIA!

    New to Bybit? Signing up for a Bybit account is quick and easy.

    Perk 2: Invite New Users, Unlock 5 MAVIA Each!

    Invite new users to join Bybit via this referral link, and participate in Perk 1. Both you and your qualified referee will receive 5 MAVIA. Rewards will be distributed on a first-come, first served basis.

    [Affiliate Special] Perk 3: Invite New Users, Unlock 5 USDT Each

    For Affiliates and new referees of Affiliates: If you invite new users to join Bybit via this referral link and participate in Perk 1, both you and your qualified referee will each receive 5 USDT. Rewards will be distributed on a first-come, first-served basis.

    Terms and Conditions:

    Perk 1

    • Institutional users or Market Makers are not eligible for this event.
    • Only deposits and trades made within the event period will be considered in the reward calculation.
    • Users will still be eligible for the event even if they withdraw USDT during the event.
    • Deposits made using a Sub Account will not be counted toward this event.
    • The rewards will be credited to their Bybit Funding Account, Spot Account or Unified Trading Account within 14 days after the event ends.

    Perk 2

    • New users must sign up using a referral code or link from their referral during the event period to be eligible for this event.
    • Rewards from this event can be combined with the existing Referral Program. Both referrals and referees can enjoy all associated perks.
    • The rewards will be credited to their Spot Account within 14 days after the event ends.
    • Users who signed up for their Bybit accounts via Affiliate referral are not eligible for rewards from Perk 2.

    Perk 3

    • This perk is only available for Affiliates and new referees of Affiliates.
    • Users who are eligible for Perk 3 are excluded from Perk 2.

    General

    • Users must complete Identity Verification Lv.1 during the event period to participate in the event.
    • Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent, or harmful purposes.
    • Bybit reserves the right to modify the terms of this event without notifying users in advance.
    • Bybit reserves the right of final interpretation of this event. If you have any questions, please contact our Customer Support.



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  • Security PSA: Airdrop Phishing Campaign

    Security PSA: Airdrop Phishing Campaign

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    By Coinbase Security Team

    As a part of our mission to build a safe and open financial system, we actively monitor for any security threats not only to Coinbase but to the crypto ecosystem as a whole. As we have discussed in our previous blog post on industry-wide crypto security threats, malicious threats against any crypto user or business are bad for the industry. With this community mindset, we do our best to inform and to defend our community from bad actors.

    Over the past month, Coinbase Threat Intelligence, Special Investigations, and Global Intelligence teams have been tracking an ongoing phishing campaign on Ethereum, Polygon, Binance Smart Chain, and other EVM-compatible platforms which has unfortunately resulted in the theft of more than $15M in various crypto assets to date. The phishing campaign does not affect customers who custody funds on Coinbase.com. However, anyone who uses self-custody wallets (e.g. Coinbase Wallet, Metamask, etc.) may be at risk.

    The campaign works by airdropping fictitious coins into victim wallets and enticing them to visit specially-crafted malicious websites. Below is an example of one such coin:

    Source: Polygonscan

    When users attempt to interact with the airdropped tokens such as transferring them to a Decentralized Exchange (DEX), they are presented with an error message encouraging them to visit a malicious phishing website:

    Source: Polygonscan

    The website presents users with a Decentralized Application (DApp) interface supposedly meant to connect their wallets and approve trading of the airdrop tokens. However, when users approve any transactions on the phishing website, in reality they are unknowingly approving a transfer of their personal tokens to the scammers.

    Source: Phishing Site

    The scammers change airdrop token names and phishing websites frequently to evade blocklists; however, they still use the same tactics to steal tokens using fake airdrops and malicious Dapps. Nevertheless, you can take the following security steps to defend your assets:

    • Be wary of airdrop tokens received from an unknown source. It is highly likely these unsolicited tokens are part of a phishing campaign.
    • Do not visit or connect self-custody wallets to any websites advertised by airdropped tokens through error messages, token names, or other methods.
    • Do not interact with airdropped tokens (e.g. approving, transferring, swapping, etc.). As annoying as it sounds, it’s best to just leave them sitting in your wallet.
    • Do not hold high value assets in the same wallet used to regularly interact with Dapps. Use cold storage or custodial solutions such freely available Coinbase Vault or Custody.

    Coinbase is working with industry partners to help limit the damage caused by the scam and we are planning to publish a more detailed analysis of the campaign in the near future.

    Security PSA: Airdrop Phishing Campaign was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • Massive airdrop and AXS staking catapult Axie Infinity to a new all-time high

    Massive airdrop and AXS staking catapult Axie Infinity to a new all-time high

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    Airdrops have become the cryptocurrency ecosystem’s equivalent of stimulus checks over the past couple of years and further proof of this can be evidenced from popular protocols like Uniswap and dYdX which rewarded their early adopters with token drops that are now worth $30,000 to $2 million.

    The latest protocol to surprise its userbase with a wallet fattening airdrop was Axie Infinity (AXS), a blockchain-based battle game that has risen in prominence over the course of 2021 as users embrace its play-to-earn (P2E) gaming model.

    Data from Cointelegraph Markets Pro and TradingView shows that since bounding off a low of $47.92 on Sept. 21, the price of AXS has stormed 145% higher to establish a new record high at $118.00 as its 24-hour trading volume surged from $421 million to $1.95 billion.

    AXS/USDT 4-hour chart. Source: TradingView

    Three reasons for the recent surge in AXS price over the past two weeks include the introduction of staking features for the AXS token, the release of a community airdrop early adopters and the increasing popularity of play-to-earn gaming protocols.

    AXS launches staking

    The growth of decentralized finance in 2021 has shone a spotlight on the ability of crypto holders to put their tokens to work and earn a yield through providing liquidity or staking.

    In an effort to capture some of this momentum, as well as improve the overall tokenomics of the AXS token, the team at Axie Infinity announced the launch of staking capabilities on Sept. 30. This excited members of the community, and to date, holders have already staked nearly 9.8 million AXS in just two days.

    AXS staking dashboard. Source: Axie Infinity

    And it’s not just your average crypto user getting in on the staking action, as recent tweets show other gaming platforms in the crypto ecosystem, including Yield Guild Games, have announced that they are now staking their AXS holdings as a way to help increase the value of their respective ecosystems.

    Axie Infinity is currently offering an APR of 240% for stakers with the rewards coming from a dedicated pool of 78.3 million AXS tokens that have been set aside by the team.

    AXS airdrops tokens to early adopters

    A second reason for the spike in price and activity for AXS was this week’s community airdrop which rewarded users who engaged with the protocol prior to October 26, 2020.

    According to the team, 10,000 wallets were selected based on a snapshot that was taken on Oct. 26 to receive a share of the 800,000 AXS airdrop, depending on the wallet’s level of activity.

    The more active users like the pseudonymous Twitter user ‘Arctic’ received larger allocations that are now worth nearly $500,000, while less active accounts received smaller allocations that are nonetheless still significant in terms of dollar value, especially in the more economically disadvantaged parts of the world where many Axie Infinity players reside.

    Related: NFT trading game Axie Infinity launches AXS staking program

    The rising popularity of play-to-earn gaming

    Another reason for the recent growth seen in Axie Infinity is the strength of the P2E gaming model which many analysts say will be the breakout sector in 2021.

    Axie Infinity was actually the game that kicked off the P2E rally earlier in the year and this momentum translated to an uptick in other P2E protocols like Illuvium (ILV), Chain Guardians (CGG) and MyNeighborAlice (ALICE).

    Top 5 gaming protocols by the 90-day change in USD price. Source: Messari

    The P2E gaming sector of the crypto ecosystem has been gaining momentum in recent months as users begin to discover the benefits of playing a game that rewards participation, as opposed to the dominant free-to-play model which offers in-game purchases but leaves users with little to show after months of gameplay and investment.

    According to data from Cointelegraph Markets Pro, market conditions for AXS have been favorable for some time.

    VORTECS™ Score (green) vs. AXS price. Source: Cointelegraph Markets Pro

    As seen in the chart above, the VORTECS™ Score for AXS climbed into the dark green zone on Sept. 26 and reached a high of 87 around 35 hours before its price began to increase by 55% over the next three days.

    The NewsQuake™ service from Cointelegraph Markets Pro registered two significant news announcements prior to the price rise, including a listing announcement from Bitstamp exchange and the team’s announcement that AXS staking had launched.

    The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.