{"id":3661,"date":"2023-09-05T14:26:10","date_gmt":"2023-09-05T14:26:10","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=3661"},"modified":"2023-09-05T14:26:10","modified_gmt":"2023-09-05T14:26:10","slug":"what-is-connext-network-how-to-earn-next-token-airdrop","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-connext-network-how-to-earn-next-token-airdrop\/","title":{"rendered":"What is Connext Network? How to Earn NEXT Token Airdrop?"},"content":{"rendered":"<p style=\"color: #252525;\">The cross-chain protocol Connext Network has announced that it will release a token called &#8220;<strong>NEXT<\/strong>&#8221; in September and conduct an airdrop for early users.Connext, which enables users to easily transact across different blockchains, announced on <strong>September 5th<\/strong> that it would be launching a token called &#8220;NEXT.&#8221;<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-connext-network-how-to-earn-next-token-airdrop\/#What_is_Connext_Next\" title=\"What is Connext (Next) ?\">What is Connext (Next) ?<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-connext-network-how-to-earn-next-token-airdrop\/#What_Are_the_Components_of_the_Connext_Protocol\" title=\"What Are the Components of the Connext Protocol?\">What Are the Components of the Connext Protocol?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-connext-network-how-to-earn-next-token-airdrop\/#What_is_Next_Token\" title=\"What is Next Token ?\u00a0\">What is Next Token ?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-connext-network-how-to-earn-next-token-airdrop\/#Chance_to_Win_NEXT_Token_Airdrop\" title=\"Chance to Win NEXT Token Airdrop!\">Chance to Win NEXT Token Airdrop!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-connext-network-how-to-earn-next-token-airdrop\/#What_are_the_Requirements_for_Winning\" title=\"What are the Requirements for Winning?\">What are the Requirements for Winning?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"What_is_Connext_Next\"><\/span>What is Connext (Next) ?<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>So what is Connex Network ?\u00a0Developers can use Connext as an open protocol to build applications that simultaneously interact with any token and deploy them on any network.<\/p>\n<p>Since its inception in 2017, the project&#8217;s mission has been to make <strong>Web3<\/strong> more accessible to every user by abstracting away the complexities of blockchain. While Connext isn&#8217;t a bridge itself, it serves as a seamless and permissionless foundation for developers to create groundbreaking applications and experiences within a growing, primitive ecosystem.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_the_Components_of_the_Connext_Protocol\"><\/span>What Are the Components of the Connext Protocol?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>xCall:<\/strong> It is the fundamental cross-chain principle that utilizes the Canonical Bridge at its core, enabling interaction with meaningful cross-chain messages for security.<\/p>\n<p><strong>Chain Abstraction Layer:<\/strong> It allows users to interact with a dApp from any chain, enabling projects to integrate users from any ecosystem into their own.<\/p>\n<p><strong>xERC20 and Copying via Connext:<\/strong> It is a new open standard that allows tokens to move seamlessly between chains with zero slippage while being compatible with other bridges simultaneously, without taking ownership of tokens from token holders.<\/p>\n<p><strong>xGovernance:<\/strong> A codeless toolkit for inter-chain DAOs (coming soon!).<\/p>\n<blockquote><p>You might like: <a href=\"https:\/\/coinengineer.net\/blog\/suspicious-40m-crypto-outflows-from-stake-raise-hack-concerns\/\"><strong>Suspicious $40M Crypto Outflows from Hack Concerns<\/strong><\/a><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Next_Token\"><\/span><span style=\"font-size: 100%;\">What is Next Token ?\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"color: #252525;\">NEXT, as a cross-chain xERC20 token on the Connext Network, supports fair usage and governance within the Connext Network.<\/p>\n<p style=\"color: #252525;\">Upon its release, NEXT will be used to govern the Connext DAO, which is responsible for raising funds for the ongoing development of the protocol.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Chance_to_Win_NEXT_Token_Airdrop\"><\/span><span style=\"font-size: 100%;\">Chance to Win NEXT Token Airdrop!<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"color: #252525;\">The NEXT airdrop can be claimed today, September 5, 2023, at 13:00 UTC on the Arbitrum, Optimism, Polygon, or Gnosis networks. You have until April 6, 2024, at 13:00 UTC to claim your tokens.<\/p>\n<p style=\"color: #252525;\">Initial Supply: <strong>107,500,000<\/strong> tokens (10.75% of the total supply)<\/p>\n<p style=\"color: #252525;\">To claim and control your tokens, please visit: <a href=\"https:\/\/airdrop.connext.network\/\" target=\"_blank\" rel=\"noopener\"><strong>Connext Network Airdrop<\/strong><\/a><\/p>\n<p style=\"color: #252525;\">Additionally, at the same time, NEXT tokens will be listed on the ByBit exchange today at 13:00 UTC. If you are not registered with <strong>Bybit<\/strong>, you can take advantage of various opportunities by signing up with our <a href=\"https:\/\/www.bybit.com\/tr-TR\/invite\/?ref=QWQ0Q0\"><strong>10% discounted registration link<\/strong><\/a>.<\/p>\n<ul>\n<li>The snapshot was taken on August 1, 2023.<\/li>\n<li>Contract Address: 0xFE67A4450907459c3e1FFf623aA927dD4e28c67a<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_Requirements_for_Winning\"><\/span><span style=\"font-size: 100%;\">What are the Requirements for Winning?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Have a total volume of at least $200, calculated across all transactions, with each transfer averaging at least $15 (across all transactions, as calculated).<\/li>\n<li>Provide at least $1,500 in liquidity to the Connext Network for a minimum duration of 1 day.<\/li>\n<\/ol>\n<p>Both of these criteria yield 1 point each. Here&#8217;s how you can accumulate your points:<\/p>\n<p>Note: Unless otherwise specified, each condition grants 1 point.<\/p>\n<p><strong>Point System for Stablecoin Pool Trading Activity:<\/strong><\/p>\n<ul>\n<li>Interacted with stablecoin pool swaps at least 25 times.<\/li>\n<li>Interacted with stablecoin pool swaps at least 50 times.<\/li>\n<li>Interacted with stablecoin pool swaps at least 100 times.<\/li>\n<li>Provided liquidity of at least $3,000 (2 points).<\/li>\n<li>Provided liquidity of at least $6,000 (2 points).<\/li>\n<li>Provided liquidity of at least $9,000 (2 points).<\/li>\n<li>Provided liquidity of at least $12,000 (2 points).<\/li>\n<li>Provided liquidity for at least 30 days.<\/li>\n<li>Provided liquidity for at least 60 days.<\/li>\n<\/ul>\n<p><strong>Bridge Usage Point System:<\/strong><\/p>\n<ul>\n<li>10 or more bridging transactions.<\/li>\n<li>25 or more bridging transactions.<\/li>\n<li>50 or more bridging transactions.<\/li>\n<li>Transactions conducted in at least 3 different months.<\/li>\n<li>Transactions conducted in at least 6 different months.<\/li>\n<li>Transactions conducted in at least 9 different months.<\/li>\n<li>Transactions conducted in at least 12 different months.<\/li>\n<li>Transactions worth at least $1,000 in V2.<\/li>\n<li>Transactions worth at least $2,500 in V2.<\/li>\n<li>Transactions worth at least $5,000 in V2.<\/li>\n<li>6 or more transfers between different chains.<\/li>\n<li>10 or more transfers between different chains.<\/li>\n<\/ul>\n<p><strong>Factors:<\/strong><\/p>\n<p>Partnership with another protocol will result in a multiplication of your points.<\/p>\n<p>(1.5x Multiplier)<\/p>\n<p>If you have interacted with NXTP, introduced at least once in November 2021, by adding liquidity or engaging in bridging, your points will be added to your scoring system, calculated vectorially.<\/p>\n<p>Source: <a href=\"https:\/\/dao-docs.connext.network\/next\/airdrop-details\"><strong>Airdrop Details<\/strong><\/a><\/p>\n<p><strong>The distribution of NEXT Tokens is as follows:<\/strong><\/p>\n<p>Early Supporters: 23.43% Ecosystem and Strategic Supporters: 11.24% Early Team and Advisors: 11.61% Proxima Labs: 3.78%<\/p>\n<p><strong>For the community:<\/strong><\/p>\n<p>For DAO: 29.44% For Airdrop: 10.56% For Foundation: 10.94%<\/p>\n<p>In total, the allocation for the community is 50.94%.<\/p>\n<p><strong>CONNEXT PROTOCOL INVESTORS:<\/strong><\/p>\n<p>Connext Protocol has raised a total investment of<strong> $21.7<\/strong> million from various investment firms, including<strong> Polychain Capital<\/strong>, <strong>Polygon<\/strong>, <strong>Coinbase Ventures<\/strong>, <strong>OKX Ventures<\/strong>. With the latest investments, the market valuation of the CONNEXT Protocol is<strong> $250<\/strong> million.<\/p>\n<hr \/>\n<p>You can share your opinions in the comments about the topic. Also, follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Twitter<\/strong><\/a>, and\u00a0<strong><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a><\/strong>\u00a0for more content like this.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cross-chain protocol Connext Network has announced that it will release a token called &#8220;NEXT&#8221; in September and conduct an airdrop for early users.Connext, which enables users to easily transact across different blockchains, announced on September 5th that it would be launching a token called &#8220;NEXT.&#8221; What is Connext (Next) ? So what is Connex<\/p>\n","protected":false},"author":2,"featured_media":3663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[64,1011,654,636,1231,1237,1234,1233,1232,1235,1239,295,290,229,1220,1236,1241,1001,1240,84,85,1238],"class_list":["post-3661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-airdrop","tag-arbitrum","tag-bybit","tag-coinbase-ventures","tag-connext-network","tag-connext-network-airdrop","tag-connext-network-bridge","tag-connext-network-funding","tag-connext-network-gtl","tag-connext-network-token","tag-dao","tag-dapp","tag-erc20","tag-free-airdrop","tag-gnosis","tag-next-token","tag-okx-ventures","tag-optimism","tag-polychain-capital","tag-polygon","tag-web3","tag-xerc20"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Connext Network? How to Earn NEXT Token Airdrop? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Discover Connext Network: Learn about its token distribution, community allocation, and impressive investments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-connext-network-how-to-earn-next-token-airdrop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Connext Network? 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