Stellar has a airdrop snapshot coming up on Jan 15th 00:00 UTC for those that dont know.
You can qualify for the air drop in 1 of 2 ways
1.) You need to hold 500+ xlm ana at least 1 aqua token in an exchange that has stated it will give exchange users their share. (You will have to look that up on your own I use option 2 always
2.) you have to hold at least 500 xlm + at least 1 aqua token in a wallet that you own the private keys too. I would recommend lobstr.co wallet since I have used it for years and it includes the stellar dex.
What is the airdrop for?
It is for the new liquidity token that was just released a few months ago that rewards market makers for providing liquidity on stellar dex. The price of 1 aqua was upto 0.08 xlm until the market turned. Its now around 0.05 xlm.
Ok but how much will I get for this airdrop? Is it worth it?
IMO yes for sure.
1.) XLM is a good coin to hodl right now even after the airdrop since it is going to go on a run soon due to the very large increase in xlm trading due yo all the new liquidity on stellar dex. Virtually feeless, instant transactions and with great liquidity now, stellar is gonna rise!
2.) You are projected to get 8.1xxxx aqua per xlm coin (holding more than 1 aqua in your wallet will not increase your reward, just need the 1)
3.) that means your getting 0.4 xlm worth of aqua for every xlm you have in your wallet at the time of the snapshot!
IMPORTANT FACT: However you will not get your your entire airdrop instantly, not even close actually. They have no crazy plan of dropping 15bil tokens instantly into the market thankfully. You will receive your entire airdrop over 36 months. You don't need to hodl the xlm of course, ass soon as the snapshot is taken of the blockchain you are locked in and will receive 1/36th each month for 3 years.
If you want more in depth information then check aqua.network and the article announcing this airdrop which is airdrop #2 https://medium.com/aquarius-aqua/announcing-aqua-airdrop-2-b338e21c2bf6
If your interested you should also check out the new social media project I posted about a few days ago that has a few days left on a presale: https://ecency.com/hive-167922/@skimanner/amazing-profit-opportunity-read
Thanks for this information. Dear @ilpobre this post speak about a Stellar Airdrop
I’m waiting for this to happen.
I’m bullish on AQUA
I'm bullish on both, especially long term!
Thank you for Information.
!invest_vote
Yay! 🤗
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I have no idea how to do either option. What’s the cheapest and easiest way to get into this? I use Webull which I KNOW doesn’t qualify. Also have Coinbase which…???
Create a stellar wallet at stellarport.io or lobstr.co or download lobstr.co wallet and make account on app.
Not sure what you mean by cheapest. Wallets are free, beyond the ~3xlm needed to open some trustlines. But just get a wallet with one of the sites or app i mentioned, create a stellar wallet and then fund it with xlm from your counbase account. Need 500 xlm minimum mived into the wallet you create to get the airdrop and uou need to buy 1 aqua from the exchange on the wallet as well
Right. So to buy the stellar, there’s the what. $5.99 fee to deposit money? Plus the Coinbase extra price.
Oh I thought you where referring to some extra cost related to buying stellar itself to get into the airdrop. Well I dont use webull so I cant help you there. As far as Coinbase goes, I dont pay any fee to deposit money. Just goto pro.coinbase.com (same login info as you use for coinbase.com) and deposit USD from there, its free and you pay WAY less fees on exchanges from pro.coinbase.com then you do on coinbase.com
Your cost should be around $0.70 in exchange fee per 500 xlm that you purchase and thats all the cost you should incur. Free deposit, free transfer of xlm from Coinbase to your stellar wallet and zero exchange fee to trade .05 xlm for 1 aqua on the stellar dex in your stellar wallet since their are no fees for any trading on the stellar exchange.
As you see my fee is $0.50 to buy 500 xlm but its discounted for me based on how much money I've traded on pro.coinbase.com in last 30 days.
Note: You will be able to trade the money you deposit instantly on pro.coinbase.com possibly depending on where you live but you wont be able to withdraw any of it for 7 days until the ACH transaction clears with the bank which is fine since you have until Jan. 14th to move the xlm to the xlm wallet and buy 1 aqua