BingX Academy bitSmiley Airdrop Guide: How to Receive bitSmiley's Airdrop

bitSmiley Airdrop Guide: How to Receive bitSmiley's Airdrop

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bitSmiley Airdrop Guide: How to Receive bitSmiley's Airdrop

Empowering Traders 2024-08-23 14:27:54

 

About bitSmiley

bitSmiley is an innovative stablecoin protocol proposed to be built on the Bitcoin blockchain. Unlike many existing stablecoins that are pegged to fiat currencies, bitSmiley introduces bitUSD, a native BTC-backed stablecoin. The protocol aims to leverage Bitcoin's stability and widespread adoption to create a robust and reliable stablecoin ecosystem. By incorporating over-collateralization and a lending protocol, bitSmiley seeks to enhance the stability and utility of DeFi applications on the Bitcoin network, offering users opportunities to earn interest on their crypto holdings.

 

Step-by-Step Guide to Participate in the bitSmiley Airdrop

 

 

Step 1: Enter the bitSmiley App and Join the Bitpoint Event

 

To get started, visit the bitSmiley app (bitsmiley.io/app) and connect your wallet. Make sure to switch to the Merlin Network within the app. Once connected, you can join the Bitpoint event. The bitPoint system is a token airdrop reward program where users earn points for participating in the protocol.

 

Points are accumulated through various actions and are tallied at the end of each season, automatically converting into rewards. You can join with someone else's invitation code or create your own team to invite others. The current season (Season 1) runs from August 15, 2024, and is ongoing.

 

In terms of earning points, one method involves minting bitUSD, where you earn points based on the amount of bitUSD you mint, with the points being calculated at three times the minted amount. Another method to accumulate points is by providing liquidity in bitUSD on the bitCow platform, where the points earned are four times the added liquidity amount. Additionally, users can increase their points by forming or joining teams using invitation codes. The team’s total points are ranked, and being part of a higher-ranked team can significantly boost your individual points.

 

Step 2: Join the bitSmiley Discord Channel

 

Stay connected with the bitSmiley community by joining the official Discord channel (discord.com/invite/k5HZdrM2kn). This is the best way to stay alert for upcoming events, updates, and potential airdrops.

 

Step 3: Follow bitSmiley on Twitter

 

To ensure you don’t miss any important announcements, follow bitSmiley on Twitter (@bitsmiley_labs). Stay tuned for more events, activities, and opportunities to earn rewards within the bitSmiley ecosystem.

 

Conclusion

By following these steps, you can actively participate in the bitSmiley ecosystem and position yourself for potential rewards, including airdrops. Engaging with the bitSmiley app, joining events, and staying connected through Discord and Twitter will keep you informed and maximize your chances of earning rewards as the protocol develops. Join the bitSmiley community today and take advantage of the opportunities within this innovative Bitcoin-based stablecoin platform.

 

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