The Monad testnet airdrop is currently one of the biggest opportunities in the crypto space, requiring zero capital to participate.

With Monad raising $244 million in funding from top investors like Paradigm, Dragonfly, OKX, Coinbase, and Electric Capital, the potential for significant rewards is high.

Many traders have benefited from similar testnet airdrops in the past.

One of our members earned 2 million naira from the Berachain airdrop, proving testnet participation can be rewarding.

This guide will walk you through the exact steps needed to participate and maximize your rewards.

What Is Monad? Why Everyone’s Eyeing This Massive Airdrop

Monad is an innovative Layer 1 blockchain platform designed to deliver unprecedented transaction speeds while maintaining compatibility with the Ethereum Virtual Machine (EVM).

Founded in early 2022 by Keone Hon, James Hunsaker, and Eunice Girda, Monad aims to enhance the scalability and efficiency of decentralized applications (dApps).

It achieves high throughput of up to 10,000 transactions per second (TPS) with a block generation time of just one second.

In April 2024, Monad Labs secured $225 million in Series A funding from Paradigm, Electric Capital, Greenoaks, and Dragonfly Capital.

Founders’ Background

• Keone Hon

Prior to co-founding Monad, Keone spent eight years at Jump Trading, a prominent proprietary trading firm, where he focused on building high-performance trading systems.

He also participated in Solana DeFi-related projects within Jump’s crypto team.

• James Hunsaker

James also brings extensive experience from his tenure at Jump Trading, where he collaborated with Keone on developing advanced trading infrastructures and contributed to various blockchain initiatives.

• Eunice Girda

A graduate of MIT, she has a diverse background in tech, finance, and product management before co-founding Monad Labs in 2022.

Technological Innovations

Monad introduces several key optimizations to achieve its high throughput and efficiency:

• MonadBFT: A pipelined two-phase Byzantine-fault-tolerant algorithm, MonadBFT enhances scalability and efficiency under partially synchronous conditions.
• Parallel Execution: By implementing parallel execution of transactions, Monad maximizes hardware utilization, enabling higher transaction processing rates.
• Deferred Execution and MonadDb: These optimizations further streamline transaction processing and data storage, contributing to Monad’s overall performance enhancements.

This combination of a strong team and technological advancements positions Monad as a leading platform for developers and users seeking a high-performance, EVM-compatible blockchain solution.

It also makes Monad one of the most promising airdrops worth joining for a solid reward.

Now, let’s dive into how you can participate in the Monad testnet and maximize your airdrop.

Steps to Participate in the Monad Testnet

1. Set Up a Crypto Wallet

To interact with the Monad testnet, you need a compatible crypto wallet. The best option is Backpack Wallet, as it provides a seamless experience for participating in testnets.

• Download Backpack Wallet and sign up with this link
• Create and secure your wallet
• Save your seed phrase in a safe location
• Connect your wallet to the Monad testnet

Pro Tip: Using Backpack Wallet for Monad testnet or trading could make you eligible for a potential Backpack airdrop.

2. Engage in the Monad Discord Community

Many testnet airdrops reward users based on their activity in the project’s Discord server. Here’s how to leverage this opportunity:

• Join the Monad Discord Server
• Be active in discussions and help other community members
• Participate in giveaways, AMAs, and quizzes
• Earn special roles that may increase your airdrop allocation

Some users have been so active in Discord communities that they ended up securing jobs with the project!

Also Read: 7 Web3 Opportunities: Build Wealth and a Strong Career in Crypto

3. Join Campaigns Hosted by Monad Partners

Monad frequently collaborates with Web3 platforms like Layer3 to run campaigns.

These campaigns often reward participants with XP points, NFTs, or direct airdrop eligibility.

Complete tasks and quests associated with Monad on Layer3.

4. Mint Special NFTs

Some testnets reward users who mint NFTs, as these serve as proof of participation.

• Look for official Monad NFT minting events
• Visit Magic Eden to mint early-stage testnet NFTs
• Participate in Monad NFT week
• Play Fantasy Top

Additional links to Monad NFT mints:

• Blocklive – https://blocklive.io/
• Moseiki – https://moseiki.app/
• Nfts2me : http://nfts2me.com/app/monad-testnet/
• Opensea : https://opensea.io/

5. Test as Many dApps as Possible

Testnets are used to assess a network’s capacity and performance before mainnet launch, often by deploying dApps and running stress tests.

Interact with different Monad testnet dApps regularly to show consistent engagement.

The more transactions you make across different dApps, the better your chances of receiving a larger airdrop allocation.

Here are a few of the dApps on Monad:

• Rubics https – //testnet.rubic.exchange/
• Kuru https – //www.kuru.io/markets
• Izumi https – //alpha.izumi.finance/trade/swap
• Ambient https – //monad.ambient.finance/
• Uniswap https – //app.uniswap.org/swap

6. Make Frequent Testnet Transactions

Regular activity on the testnet is often a key factor in airdrop distribution. Here’s what you should do:

• Swap tokens on Monad’s decentralized exchanges
• Stake and interact with smart contracts
• Add liquidity
• Mint NFTs
• Register a domain name, etc

Keep making different transactions over time to increase your reward. Doing it just once won’t be enough!

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Conclusion

The Monad testnet airdrop is a great opportunity that could be massively rewarding for active crypto users.

To increase your chances, closely follow the steps provided in this guide.

If you stick with it and push transactions daily, you could earn big when the airdrop is distributed.

What are your thoughts on the Monad testnet?

Are you already participating, or do you plan to get started soon? Drop your comments below and let’s discuss!

If you found this guide helpful, don’t forget to share it with your friends so they can also take advantage of this exciting opportunity.