My key focus during 2024 is going to look for opportunities in the crypto space, where I do not have to risk my capital and I can still expect good rewards.

Airdrops in general used to be a good bet but recently as more and more people have started actively grinding for airdrops we are seeing a lot of projects that farm the farmers. This expression Farm the Farmers means that lure people with the promise of future airdrops and then make them publicise your project on social media, then make them bridge and deposit large capital in your chain. Then give them nothing or close to nothing in return.

Due to this trend I have started being selective about which airdrop opportunities I chase and which I avoid.

Why Did I Choose Berachain?

What I like the most about Berachain is that it has a completely different blockchain which is not a L2 project. It is in testate mode so I do not have to spend any money for the different transactions I will do.

This testate is not linked to Goerli so there is not going to be scarcity of getting testnet funds. I remember when several projects were launched on Goerli ETH there was such a huge demand that there were people actually paying good money to get testnet Goerli ETH. Imagine paying real money for getting fake money in return.

How Do I Start Interacting with Berachain?

The first thing is to go to Chainlist and add the Berachain testnet to your Metamask. Then you need to go to their faucet and start claiming some native BERA tokens. You can claim once every 8 hours so you can get it 2-3 times everyday.

Earlier when the traffic was low you could claim 1 BERA token each time but as traffic grows they reduce the faucet limit to 0.25, 0.1 or even 0.01 BERA at a time to control the outflow of testnet tokens and proven farming by bots.

What is the Berachain Ecosystem in Testnet?

The testnet is planned quite well and you can already interact with apps where you can swap the BERA token to get the other tokens in their system like HONEY, ETH, BTC etc.

I would recommend you to do some transactions couple of times every week at least.

Once you have collected a bit of different kind of tokens you should head over to the app where you can provide liquidity to some token pairs. 

This is an important step as once you provide liquidity you will start getting their governance token called BGT. You can not swap other tokens to get BGT and you can only get is as reward for providing liquidity.

As BGT is a very scarce token in their ecosystem I think getting more BGT collected and staked will play a crucial role in getting bigger airdrop allocation. Once you collect enough BGT then keep staking it so it multiplies and also you get an extra set of transactions on the chain.

There are also apps to lend and borrow tokens and execute perpetual trades. Try to do each type of transaction at least a couple of times.

I would recommend following their Twitter/X handle to watch out for the new developments of collaboration happening. They have an active quest on Galxe which you should complete. There is a project called Honeyjar which is running on Berachain. You should mint their pass and watch out for the quests and badges they are planning to release soon.

Overall I think Berachain is a great opportunity to get allocation for a good airdrop without spending any money and just spending 10-15 mins a week on the grind on their platform.

Cheers,

Sam