BERACHAIN: A Step By Step Guide On How To Qualify For A High Potential Retro-Drop

It is well-known that crypto airdrops can be a profitable endeavour for every crypto enthusiast looking for a quick buck or two. But, as with everything in life, and especially in the volatile and uncertain world of decentralized finance, you must be selective with what you give your attention, money and time to. Without further delay, let me explain why Berachain is such a good idea to consider for your airdrop portfolio and walk you through how to actually qualify for the airdrop (step-by-step):

Berachain

With over 42M $ of investments, this retro-drop has without doubt a high potential and the best things about it are:

• It is often overlooked in the crypto space;
• It is absolutely free to participate in the airdrop via the project's testnet (Artio) - no upfront investments are required, just a tiny bit of effort from your side;
• It has attracted investments from players like Polychain Capital, Shima Capital, Tribe Capital, GoldenTree Asset Management, Hack VC, Robot Ventures;
• It is an L1 blockchain - a direct sign of potential adoption of their own token (which you could profit from after the airdrop by selling your rewards);

The only possible downside is:

• You could experience some lags and bugs while interacting with the testnest (as expected with most projects in their early stages. After all, testnets are incentivized by the team to identify these inefficiencies and make the chain better);

ACTIONABLE STEPS:

1. Get your test BERA tokens from the faucet by accessing. Here you want to introduce your wallet address from Metamask (you need to install the wallet extension and add the BERA blockchain to your wallet before this) into the faucet to get your free BERA tokens. The faucet dispenses tokens for free every 8 hours for every wallet, so I would recommend doing this twice a day - once in the morning and once in the evening;
2. Next, you want to go the their DEX. Here, you want to connect your Metamask wallet first, after this, you have complete access to the exchange to perform the actions needed to qualify for the airdrop;
3. Swap some of your BERA that you got from the faucet for free in the previous step (for example, you could swap some of your BERA for STGUSDC). You don't need to swap everything you've got at this point, swap a small chunk (like 5$ is a good amount). We are doing this to qualify for the number of transactions on the chain criterion of the airdrop. If the transaction won't go through on the first attempt, just try again until it does;
4. Next, you want to mint some HONEY tokens. Connect your wallet like in the step when we used the ARTIO DEX and swap some STGUSDC to HONEY. I would recommend to swap between 5$-10$ worth of STGUSDC per swap. Again, if you get errors during your transactions, just persevere until you succeed with each transaction or come back at a later time;
5. Go back to the ARTIO DEX (mentioned in the previous steps), and add some liquidity to any pool. For example, an easy one to do would be 50BERA - 50HONEY, because we already have the required tokens, but I would still recommend adding liquidity via a single token, in this case, I would say honey would be the more convenient token to add to the liquidity pool. Wait for the transaction to confirm, and persevere if you get errors. It is worth mentioning that you could add liquidity to any pool, not just this one. The more active you are on the chain during the testnet, the higher the likelihood of actually qualifying for the airdrop and getting a bigger reward. You can check your active pools in the "My pools" subsection;
6. Next, we will participate in some Blockchain governance and validation activities. Here, we will farm some voting power by delegating our BGT (Berachain Governance Token) rewards from liquidity pools to validators. TIP: Select the validator with the highest voting power to increase your weight on the blockchain. Go to the "Validators" section and select the validator you want to delegate your BGT to. Click on "Delegate" and introduce the sum of the BGT tokens you want to delegate (personally, I delegate the maximum amount each time, because I am collecting rewards from liquidity pools daily).
7. Now, the next thing we need to do is trade some futures on the dedicated Berachain Perpetual Futures platform. We will need to do only a few trades, this should be more than enough. Connect your Metamask wallet to the platform. You will need 10 HONEY tokens minimum to trade on the platform (which you can get for free, as discussed in the previous steps). Select the pair you want to trade (personally, I have done my trading with the ETH-USDC pair) and open a trading position of minimum 10 HONEY (doesn't matter LONG or SHORT, it doesn't even matter if it will be profitable or not, we are doing this to qualify for the potential transaction volume criterion of the airdrop), then select the leverage of x20 (you could more if you want). Select the take profit of 25% and stop loss at 5%. Confirm your transactions to open your trading position and persevere or come back later if you get errors. You can close your position immediately after you open it if you want.
8. The next task we will complete will be the deployment of an NFT on the merkly platform. Select the Berachain network. Enter the name and symbol of the token you want to deploy with merkly and then hit "deploy". Confirm the transaction and wait until it goes through (can take some time). Then you click on "Interact". Mint 10 tokens and burn 3 tokens. Wait until the transactions go through and you're sorted. Copy the address of the contract and insert it under the "Transfer" section and then transfer 10 tokens to the address. Confirm the transaction and wait until it's done.

In conclusion, the testnet itself is not difficult at all, as you could have seen throughout this guide. The only downside is that it can be a bit laggy, but as April 2024, the network already fixed a lot of performance-related issues and should be running more smoothly right now which means it should take less time to through the entire airdrop to qualify for it.

Thank you for your time and I wish you happy Berachain airdrop earnings, see you in the next one.