1- Abstract Chain

Abstract Chain, stands out with its community-driven approach, particularly fueled by the popularity of meme tokens like Pengu. To participate in the airdrop, you need to be active on the platform and complete specific tasks. For example, by purchasing NFTs or performing swap transactions, you can earn an average of 5600-5800 XP weekly. Buying affordable NFTs like DreamMilions, Pengztracted, and Bosu allows you to accumulate XP passively. These NFTs boost your ranking on the platform while increasing your airdrop rewards. Additionally, you can create organic volume by making small investments in meme tokens in the “Explore” section and benefit from potential rises after the TGE (Token Generation Event). Consistently performing transactions, collecting badges, and diversifying with low risk are key to succeeding in the Abstract Chain airdrop.

Click here to register.

2- Backpack

Backpack, a decentralized exchange preparing to launch its own token, distributes airdrop rewards based on transaction volume and community ranking. To participate in the airdrop, you can perform low-leverage (2x-5x) trades, scalping between support and resistance levels. For instance, targeting small profits of $15-$50 by opening and closing positions increases your airdrop points while providing low-risk income.

By completing platform tasks, you can earn XP and progress from Silver to Gold, or even Diamond Challenger tiers. Tasks include regular trading and participating in community events. Making small-volume trades in pairs like Pengu can maximize your rewards. Additionally, you can gain extra benefits by accumulating the occasional small rewards (rewards) offered by Backpack in your wallet.

Click here to register.

3- OpenSea

OpenSea, a well-established platform, offers airdrop opportunities through NFT and token transactions. Participating in the airdrop is easy and low-cost, requiring a maximum of $1 per task. Tasks include token swaps, buying/selling NFTs, and bridging operations. These tasks help you generate volume on the platform and accumulate XP.

Users currently at around 8600 XP can reach the 9000-10,000 XP range with regular participation. OpenSea airdrops have the potential to yield high rewards, similar to those seen on platforms like Magic Eden, ranging from $2000 to $5000. New tasks are typically added every 3 hours, so tracking tasks and performing regular transactions can boost your airdrop rewards.

Click here to participate.

4- Momentum Finance

Momentum Finance, a high-potential DeFi project on the SUI blockchain, stands out as a promising opportunity. To join the airdrop, you can perform swap transactions, participate in liquidity pools, or stake your assets. For example, achieving a transaction volume of $31,000 can rank you around 19,000th, but higher volumes (e.g., $300,000) can significantly improve your ranking.

By providing liquidity in trusted token pairs like SUI/USDC, WAL/SUI, or DEEP/SUI, you can earn up to 112% annual APR. The platform’s TVL (Total Value Locked) has grown from $5 million to $173 million, proving its reliability. You can collect yields from staked assets in the “My Position” section and increase your airdrop rewards with regular transactions before the TGE. Momentum Finance offers opportunities similar to past airdrops like Walrus, where users earned $30,000-$40,000.

Click here to register.

How to Participate?

To join these airdrops, you first need to register on each platform and connect your wallet. In Abstract Chain, accumulate XP by buying NFTs or swapping. In Backpack, build volume with low-leverage trades. In OpenSea, complete tasks to earn XP at low cost. In Momentum Finance, perform swaps, stake, or provide liquidity to boost your ranking. Consistent participation and task tracking are the most effective ways to maximize rewards. Keep risks low by trading small amounts and diversifying your portfolio.

This content is not investment advice. Cryptocurrency markets are volatile; conduct your own research before investing.

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The post You Haven’t Missed These Airdrops! How to Earn Airdrops? appeared first on Coin Engineer.

What is Momentum (MMT)?

Momentum is a decentralized exchange operating within the Move ecosystem, utilizing a capital-efficient concentrated liquidity model. It allows LPs to provide liquidity within custom price ranges, delivering better trade execution for traders and higher fee returns for LPs. With over $700 million in TVL and $1.8 billion in trading volume, Momentum stands out as the core liquidity layer on the Sui Network.

Sustainable Liquidity

Momentum ensures long-term liquidity by aligning incentives around active price ranges. LPs are rewarded not only with trading fees but also with protocol incentives and ecosystem grants, maintaining liquidity even during low market volatility.

Precision Incentives

Rewards are dynamically distributed based on active liquidity and market demand. Incentives are directed toward liquidity that supports actual trading activity, enhancing capital efficiency and reducing waste.

Lower Transaction Costs

A tiered fee structure and deep liquidity reduce slippage. Stablecoin pairs offer near-zero slippage, while volatile assets are paired with optimized fee tiers that balance volume and yield.

Built for Composability

Momentum integrates natively with protocols, stablecoins, and BTCFi primitives in the Move ecosystem. Its modular architecture supports permissionless pool creation and automated strategies.

Concentrated Liquidity (CLMM)

CLMM enables LPs to concentrate liquidity in specific price ranges, boosting capital efficiency, reducing slippage, and increasing fee returns. Liquidity becomes inactive if the price moves outside the range; LPs can adjust ranges to adapt.

Active Liquidity

Liquidity is active and earns fees only within the specified range. Price fluctuations alter LP asset composition; LPs can open multiple range positions to optimize returns. Liquidity concentrates around high-trading price levels, aligning with market demand.

Swap Transactions

Users swap tokens from the pool; a small fee is distributed to LPs as an incentive.

Price Impact and Slippage

Deep liquidity minimizes price impact; shallow liquidity causes slippage. Slippage tolerance prevents unexpected losses.

Fees

Swap Fees: Distributed proportionally to active LPs, tracked separately. Transactions are executed decentrally on Sui, Aptos, and Movement Labs.

Fee Tiers: Range from 0.01% to 2%, with low tiers for stablecoins and high tiers for volatile assets.

Protocol Fees: 20% of swap fees go to the Momentum treasury; 100% of incentives go to LPs.

Liquidity Mining

Rewards are dynamically allocated based on fee contribution, prioritizing active LPs.

Position NFTs

An NFT is issued when liquidity is added, containing position ID, pool, price range, and amount. LPs use NFTs to claim fees and rewards; some pools allow staking for extra yield.

Performance-Based Rewards

Rewards are distributed in real-time based on a position’s fee contribution, encouraging efficient liquidity placement.

Range Orders

LPs use single-sided liquidity for limit order-like strategies:

Take-Profit: Sell at a higher price (e.g., BTC at 21,000 USDC).

Buy-Limit: Buy at a lower price (e.g., BTC at 19,000 USDC).

Management: Liquidity must be withdrawn after the range is passed; narrow ranges execute quickly, wide ranges generate more fees but require volatility adjustments. Third-party tools support automation.

This model allows LPs to act like traders, optimizing strategies and earning passive income.

Airdrop on Momentum

By increasing trading volume and performing swaps on the Momentum platform, you can enhance your network activity. This boosts your chances of receiving an airdrop based on your rank in a potential airdrop event. To claim tokens from your positions, click “Add Liquidity” on your preferred pair to start farming.

How to Connect a Wallet to Momentum?

To begin wallet connection and swap operations, you need to register by connecting to the Momentum App. Click here to register with a commission discount.

Click the “Connect Wallet” button in the top right corner.

Select your preferred wallet, enter the necessary details, and complete the process.

Momentum supports most major Sui-compatible wallets, including OKX, Sui Wallet, Stashed, Bitget, Gate, and even MetaMask via Sui Snap integration.

How to Perform a Swap on Momentum?

To perform a swap, click the “Trade” button in the top left corner.

Select the token you want to swap (A) and the token you want to receive (B) by clicking the “Token” button in the swap menu. For this demo, we’ll use the SUI/USDC pair.

Optionally, adjust the Maximum Slippage setting in the top right corner of the swap menu.

Then, click “Swap Now” and complete the transaction.

Adding Liquidity

Access Momentum’s Liquidity Pools page by clicking the “Liquidity” button in the top left corner.

Find the token pair you want to provide liquidity for, then click the “Add Liquidity” button on the right.

Set your Price Range by:

A) Selecting a ±% Preset,

B) Dragging the sliders on the liquidity chart, or

C) Manually entering values at the bottom.

Setting a Price Range

To deposit a single token, enable the “Single Token Deposit” slider in the Deposit Amounts menu. Enter the amount of the token you wish to deposit and click “Add Liquidity.”

After receiving the prompt from your wallet, click “Confirm.” You will receive a notification in the bottom right confirming that liquidity has been successfully added.

Momentum’s Strategic Investment Round

Lead Investor: OKX Ventures

Participants: Coinbase Ventures, Protagonist, Gate Ventures, MEXC Ventures, KuCoin Ventures, DNA Fund

Angel Investors: Adeniyi Abiodun (SUI), Lark Davis (CryptoLark), Nom (BONK), Nic Puckrin (CoinBureau), Michael Heinrich (Zero Gravity), Monke Ventures

Momentum Founding Team

ChefWEN: Leads as Momentum’s Founder and CEO.

Vinny: Shapes Momentum’s strategic vision as Chief Strategy Officer.

Vinson Leow: Manages user experience and operational processes as CXO.

Official Links

• Momentum Website
• Momentum Twitter
• Momentum Whitepaper

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The post What Is Momentum (MMT)? What Is It Used For? appeared first on Coin Engineer.