How to Claim the Farcaster airdrop? Eligibility, Launch Date, Is it legit?
Key Takeaways
- Fascaster is the new name in decentralized social media.
- Farcaster projects the next generation of social media structure.
- Prevents data breaches and enhances security.
- No official airdrop announced, but users could get one soon.
- The platform is legitimate with investor backing from major companies.
Farcaster is aimed at building an Ethereum Layer 2 decentralized social network. The main functionalities of this blockchain are giving users the ability to create profiles, send messages called ‘cast’, and build communities.
As far as the progress of this project goes, Farcaster has secured 180 million US dollars across two rounds. There are the industry’s most reputed names among those who have invested in Farcaster, which boosts its legitimacy. Coinbase Ventures, a16z, and Paradigm are three major investors in the Farcaster project.
Operation of Farcaster
Farcaster aims to operate through Warpcast, the official application that is aimed at providing a similar experience to existing social media platforms like Twitter. The most important feature that sets Farcaster apart from traditional social media platforms is that users maintain control over their data. It is not only data that users have control over; the social connections developed through the platform are also under the control of the users.
There is a decentralized identity system that allows free movement between applications built on the network. This ensures privacy and safety while navigating the social media landscape, according to Farcaster.
Details of Farcaster Airdrop and Eligibility
There are no official confirmations about the Farcaster airdrop program. Based on the platform’s activities, there are chances of a future airdrop. To become eligible for a future airdrop, interaction with the platforms seems to be the likely criterion.
Farcaster has within its platform options for NFT minting, channel creation, and registrations. Farcaster uses $WARPS as the official currency of the platform for performing these actions. In a future airdrop announcement, the following actions may very well be what determines your eligibility.
- Account activity level is one of the main criteria for becoming eligible for a future Farcaster airdrop program. Warpcast is the social network where all of these activities will take place. Engaging with Warpcast is necessary for eligibility.
- Collecting power badges is the 2nd most important activity. Warpast issues power badges to users who are actively navigating the platform. These power badges come to those who are interesting to others and are not spammy. Posting relevant content regularly will get you replies or recasts from other power users. This is a great way to boost your chances of getting power badges. Irrelevant or off-topic posts will be considered spammy and can make you ineligible for receiving power badges.
- Platform usage duration is another parameter that will be calculated towards determining your eligibility to lay claim to a future airdrop. Being a social media platform, Farcaster will be looking for active users who are willing to engage with the community, not for the sake of airdrops but with a genuine interest in what field they consider relevant.
In addition to the above three actions, some other general actions will help you in general towards becoming eligible for a future airdrop; they are: community engagement, social interactions, and referral activity. Even though they do not seem that important in terms of becoming eligible for an airdrop, they may still be able to get you towards the 3 major actions that are important regarding claiming airdrops.
Legitimacy of Farcaster
Farcaster seems to be a legitimate blockchain, as the idea behind the project is accurate and achievable. With proper goals and a revenue model, Farcaster is definitely capable of becoming a full-fledged system within the stipulated time.
With major companies like Coinbase Ventures investing in Farcaster, it seems fairly legitimate. Raising 180 million US dollars within the 2nd phase funding is also a remarkable achievement and yet another proof of Farcaster’s legitimacy. Farcaster also has a subscription plan priced at $3 for all non-US users. This type of revenue model is an additional assurance about the lifecycle of the project.
Conclusion
Even though there are no official airdrops declared at the moment, Farcaster seems to be working towards expanding its domain. As an effort towards successfully establishing such a scale of growth, Farcaster may be in need of an airdrop soon.
With strong investor support and a solid idea behind the platform, Farcaster represents a successful project. The idea of a decentralized social media platform may appeal to the global audience who are very concerned about data breaches. In such a landscape, a more robust and secure social media platform could be the next big thing.
