With backing from companies including Binance, Polychain Capital, and Animoca Brands, Polyhedra Network is developing an interoperable Web3 infrastructure utilizing zero-knowledge proof (ZKP) technology. The project is still in its early phases and has not yet released a token, but it is highly probable that it will do so in the future. The zkBridge Testnet is presently operational, and early adopters have a better chance of receiving incentives in the future. In this essay, we will discuss what Polyhedra is and what you can do to prepare for the probable airdrop.
What is the Polyhedra Network?
Using cutting-edge zero-knowledge proof (ZKP) technology, Polyhedra Network is developing a Web3 infrastructure that prioritizes interoperability, scalability, and privacy. The network provides safe and effective ways for moving assets, sending messages, and sharing data between Web2 and Web3 platforms.
Project Management and Financing
The team behind Polyhedra Network consists of prominent engineers, developers, and researchers from major schools such as UC Berkeley, Tsinghua University, and Stanford University. Polyhedra successfully received $10 million in a strategic fundraising round led by Binance Labs and Polychain Capital in February 2023. Animoca Brands, ABCDE Capital, Sparkle Ventures, and others all contributed to the initiative.
Is there a token for the Polyhedra Network?
Polyhedra Network has not officially announced the introduction of a coin. Yet, because it is a blockchain infrastructure provider, it comes to reason that it requires a token to maintain its ecosystem and ease platform operation. According to its strategy, the team is now concentrating on connecting its bridge and decentralized identity infrastructure with other blockchain networks, as well as developing application programming interfaces (API) and software development kits (SDK) for developers.
How Can I Get a Polyhedra Network Token Airdrop?
Using the Polyhedra Network testnet gives you the highest chance of receiving a future token airdrop. This is a step-by-step instruction manual:
Get Testnet Tokens from Faucets
To pay for gas costs, you’ll need testnet tokens on several chains. You can obtain some from these faucets: ETH Goerli Faucet, BNB Faucet, Oasis Faucet, Polygon Faucet, Avalanche Faucet, and Fantom Faucet.
With the Polyhedra CreatorTool, New NFTs Can Be Created.
To create new NFTs, use the Polyhedra CreatorTool. Choose a Testnet network and give it a name and description. On the My NFTs tab, you can see all of the NFTs you create and own.
Import NFT into zkBridge
Click the “zkBridge” button on the My NFTs page. Choose a testnet receiving blockchain and send the NFT there. Check for petrol fees on the opposite end as well.
Claim your NFT on the testnet receiver chain. To make your on-chain activity more visible, repeat the procedure on many testnet blockchains.
Provide Discord Feedback
Send your thoughts in the “suggestions-and-support” Discord channel, along with your wallet address, screenshots, and transaction IDs.
Examining an Retroactive
While analyzing an airdrop, there are various aspects to consider. Secondly, the possibility that the project will even conduct an airdrop in the first place. The project’s token allocation for airdrop campaigns, as well as the difficulty of participating in their airdrop, are then examined. It is also critical to consider the usefulness of the token so that there is an actual use and purpose in participating in the airdrop in the first place. Finally, while assessing an airdrop, examine if the tokens are subject to a lockup term.
Airdrop Probability: Although Polyhedra Network has not announced a token launch, as a blockchain infrastructure provider, it will most likely require a token to maintain its ecosystem and ease platform operations.
Tokenomics: There is currently no tokenomics.
Airdrop Difficulty: The instructions are quite simple to follow. To move an NFT to various testnet chains, all you need to do is create one on Polyhedra. In order to pay for gas, you’ll need some testnet tokens.
Token Utility: There is currently no token, but it is expected to be utilized for governance, ecosystem support, platform operations, and network security.
Token Lockup: There is currently no tokenomics.