How to Claim the Neutron & Stride Airdrops
If you’re looking into claiming the Neutron and Stride token airdrops, you'll learn how in this guide.
The Neutron token (NTRN), which is the native token for the Neutron network, enables people to stake their holdings and earn passive income paid out as rewards in the form of NTRN tokens.
On the other hand, the Stride token (STRD) is a governance token used in the Stride Zone that allows holders to vote on critical decisions.
Both tokens are heavily influenced by the Cosmos ecosystem. Cosmos is a decentralized network developed to link different blockchains together to power an ‘Internet of blockchains’ by using the Inter-Blockchain Communication (IBC) protocol. The Cosmos blockchain has its own native token that trades under the ticker symbol ATOM, which you can buy, stake, swap, and stake in Trust Wallet.
Now, let’s take a look at the Neutron and Stride tokens separately, including their history, community, and what they bring to Web3. We’ll also take a look at how you can check if you’re eligible for the Neutron and Stride airdrop using Trust Wallet.
What Is Neutron?
**The Neutron network is an application-specific blockchain that is a secure and permissionless smart contract platform built for interchain decentralized finance (DeFi). It is built using Cosmos SDK (software development kit) and powered by Tendermint. **
Developers can launch smart contracts into the Cosmos network by utilizing Cosmos WebAssembly (CosmWasm). In addition, the network also provides people with tools to interoperate with other app chains and protocols. Like Cosmos, the Neutron network is a proof-of-stake (PoS) chain and is expected to be instrumental in projects being built in Web3.
The Neutron blockchain, which is powered by the Neutron token (NTRN), has also become the first blockchain to launch on Replicated Security (RS) in the Cosmos ecosystem after receiving the green light from the Cosmos Hub.
Previously known as interchain security, Cosmos’ RS is a shared security model developed by Cosmos Hub to provide advanced security to the projects being launched as consumer chains on its Hub. Cosmos Hub, which is Cosmos’ interchain service provider, decided after running an on-chain vote to decide if Neutron was all set to launch on its RS. The proposal - Proposal #792 - was passed by 61% of voters. Of the 61% voter turnout, 90% of the community members voted for the proposal, with only 1% voting against it, and another nearly 9% opting to abstain from casting their vote. Although the launch was approved, Neutron will undergo a launch sequence expected to happen between May 8 and May 22, 2023.
This launch sequence is a move expected to pave the way for other blockchains that want to launch on Cosmos’ RS. Besides that, the consumer chains within the Cosmos ecosystem will also enjoy increased security via a revenue-sharing model that will see the Cosmos Hub receive 25% of miner extractable value (MEV) and transaction fees from the Neutron blockchain and another 7% for the supply of NTRN.
In addition to being Neutron’s native token, NTRN also supports decentralized applications (dApps) and smart contracts. The token has a maximum supply of 68 million tokens and a circulating supply of more than 39 million tokens as of the time of writing. With the launch on Cosmos RS, crypto enthusiasts anticipate that the NTRN might potentially experience some growth similar to ATOM whose prices shot by 6% after the Neutron integration.
What Is Stride?
The Stride blockchain, which is powered by its native token Stride that trades under the ticker symbol STRD, is also looking to launch on Cosmos’ Replicated Security and move away from its existing security protocol.
Stride is a multichain blockchain designed purely for liquid staking on the Cosmos blockchain.
Like Neutron, Stride was built using the Cosmos SDK and leverages the IBC protocol to communicate with other blockchains on the Cosmos Hub. Currently, Stride makes up more than 80% of the liquid staking market in the Cosmos ecosystem and provides liquid staking to seven other chains in Cosmos.
As a multichain liquid staking chain, people can stake any IBC-compatible token and receive stTokens that can be redeemed on a 1:1 ratio for the original token. By staking tokens using STRD, you can earn staking rewards while maintaining liquidity through stTokens, which allows you to make the most of Cosmos DeFi and earn more yields. This is because stTokens are incorporated into major decentralized finance apps across the Cosmos ecosystem.
The Stride network was launched on September 4, 2022, by Stride Labs, the company behind the Stride blockchain, via an airdrop that saw 2.2 million STRD airdropped to ATOM stakers. Stride’s airdrop is still active, with people continuing to claim the airdrop. In fact, any unclaimed STRD each month gets recycled into an entirely new airdrop for ATOM stakers. Despite all the strides Stride has made, security has always been its top priority. This is why it wants to launch on Cosmos’ Replicates Security, as this will help it achieve economic security and alignment. For starters, Stride is a secure but minimalist blockchain that doesn’t support smart contracts or any other applications besides its liquid staking protocol.
As such, if its proposal - Proposal #794 - to join ATOM Economic Zone and adopt interchain security is approved by the Cosmos community via an on-chain vote similar to the Neutron one. This will help Stride enjoy increased economic security, which positions it well for success on Web3 as DeFi apps and decentralized autonomous organizations (DAOs) will be keen to stake large amounts of their tokens in Stride’s liquid pools.
Stride, like most blockchains, also has its native token, STRD. STRD is a governance token in the Stride Zone that allows its holders to vote on key decisions like onboarding of new validators, issuance of staked tokens to validators, and protocol improvements and upgrades. Moreover, STRD can be staked to help secure the Stride app chain. Like NTRN, STRD also has a limited total supply of 100 million tokens and a current market capitalization of over $12 million.
How to Check if You’re Eligible for the Stride and Neutron Airdrop Using Trust Wallet
A cryptocurrency airdrop is a marketing method used by crypto projects where they send coins or tokens to select crypto wallet addresses.
Usually, the eligible wallet addresses are chosen from the specific blockchain’s active community members. The crypto project then sends a specific amount of the new coin or token to the respective wallet address. This can either be for free or in exchange for having the recipients carry out a simple task, such as watching a short video or retweeting a tweet shared by the project’s parent company.
Crypto airdrops are intended for various purposes, such as creating awareness and boosting the circulation of the new token, among others.
Both Neutron and Stride have planned airdrops for their tokens, and you can check if you’re eligible for the Stride and Neutron airdrop using Trust Wallet.
Trust Wallet is the most trusted, easy-to-use, multichain crypto wallet that you can use to buy, sell, swap, and stake your crypto tokens. As a self-custody crypto wallet, Trust Wallet allows you to store and manage over 10M+ digital assets, including non-fungible tokens (NFTs), across 70 blockchains, all on one app.
With more than 60M+ downloads, you get to enjoy full ownership of your own private keys and digital assets. Moreover, developers can use the Trust Wallet browser extension to execute smart contracts, given the recent integration of the zkEVM scaling solution.
Now that we know what an airdrop and Trust Wallet are, let’s take a look at how to check if you’re eligible for Stride’s and Neutron’s airdrops.
How to Check if You’re Eligible for the Stride Airdrop Using Trust Wallet
Stride has various airdrops listed on its website that is constantly undergoing updates. To ensure that all tokens are distributed to people, Stride holds multiple rounds of airdrops for better distribution in a method it calls claw-back and redistribution. This means that after everyone has claimed their percentual share of the entire pool in each airdrop round, Stride redistributes whatever is left to everyone in the next round.
Currently, Stride is airdropping ATOM, OSMO, STARS, JUNO, LUNA, and EVMOS staker and Testnet users. To claim STRD, if you have staked any of the listed tokens or are a testnet user, you’ill need to complete simple tasks and, in return, receive STRD tokens.
To check if you’re eligible, you’ll need to connect your wallet to allow the system to check the eligibility of your wallet address as well as check for testnet reward eligibility.
Below is a step-by-step guide on checking if you're eligible for the Stride airdrop.
Step 1: Have the Trust Wallet app or browser extension installed on your device. You can get the latest version of Trust Wallet here: https://trustwallet.com/download . Step 2: Go to https://app.stride.zone/airdrop on your device and click on ‘Connect Wallet’.
Step 3: Select the option to connect via ‘WalletConnect’.
Step 4: Go to your Trust Wallet app on your smartphone, click on ‘Settings’ and then ‘WalletConnect,’ and scan the QR code shown on the Stride website. You will automatically be redirected to confirm the connection on your Trust Wallet app. Click on ‘Connect.’ Always remember to disconnect any connection done via Trust Wallet once you're done with your transactions.
Step 5: Once successfully connected, go to the Stride website to check if you're eligible.
To claim an STRD token, you need to ensure you have staked the minimum or the maximum of the tokens listed here by Stride. Your STRD airdrop amount will be derived from addresses in a wallet which is then bundled together into one total amount.
And that’s how to check if you're eligible for a Stride airdrop and how to claim it.
How to Check if You’re Eligible for the Neutron Airdrop Using Trust Wallet
While Stride’s airdrops are more detailed as they have been ongoing, it’s not the same case for Neutron at the time of writing.
Neutron plans to have an airdrop scheduled to happen on Day 14 of its launch sequence.
NTRN tokens will become available to eligible people to claim as soon as the launch event kick-offs and three months thereafter. Moreover, all the claimed NTRN tokens will be vested with holders getting voting power after three months. Participants who want to get their part of their airdrop without vesting will be able to do so by participating in the Lockdrop, another mechanism developed to bootstrap the network’s governance and economy.
More details on how to check your eligibility for the Neutron airdrop using Trust Wallet will be shared once the launch event for Neutron starts.
Remember, Always Dyor With Any Token Airdrop
While airdrops are an easy way for you to earn cryptocurrencies without having to buy them, they aren’t void of certain risks.
You need to ensure that you're claiming the right STRD or NTRN tokens by visiting the right websites for the token you want to receive via an airdrop. Scammers are always lurking around and can create spoof websites to lure you into their schemes.
It’s important that you do your own research (DYOR) with any token airdrop, regardless of how good you think it is. In addition, always remember to leave your wallet connected to any third-party website for the period that you’re using the decentralized application and disconnect it as soon as you’re done.