Meteora ($MET) airdrop is the latest entrant in this season of airdrop events. The airdrop event is confirmed and the exact date will be announced soon. It is a much-awaited airdrop of a Solana-based token.
Meteora is an automated market maker that deals with concentrated liquidity pools. You can earn points through various activities and tasks on the Meteora platform. The number of $MET tokens you will get during the airdrop depends on the points you have earned beforehand. The main objective of this points system is to boost user participation and engagement with the Meteora platform.
More about the Meteora Airdrop
Meteora airdrop is the first step towards attracting people to a sustainable staking mechanism. The native token of Meteora helps the market deal with the problem of the ultimate loss of the value for the meme coins.
Through the upcoming airdrop, Meteora aims to reinforce its commitment to fair distribution of the tokens and community engagement of its participants. The airdrop event rewards users based on long-term participation.
How to Earn Points on the Meteora Platform?
Here is a step-by-step guide to the ways to earn points on the Meteora platform through regular engagement in the form of liquidity addition.
- Visit the Meteora website and provide liquidity to any of the token pools of your choice. You will earn 1 point every day for every $1 worth of liquidity you deposit. You will also get 1000 points for every $1 you have earned as commission.
- You can deposit Liquidity Provider (LP) tokens on the Farms tab on the Meteora website and earn by staking the tokens. There are many LP farms on the Meteora website such as Bonk-USDC, BLZE-USDC, BLZE-bSOL, TBTC-SOL, etc. You can select the liquidity pool based on the expected Annual Percentage Yield (APY).
- You can also boost your points by depositing on the dynamic vaults on the Meteora platform. USDC, USDT, SOL, stSOL, mSOL, and UXD are the dynamic vaults available on the Meteora website. You can decide on the vault you want to invest in based on the virtual price and the projected APY. The vault assets are rebalanced every minute to provide users with the most optimized yields.
You can make use of the staking mechanism to maximize your rewards. When you stake your meme coin holdings on the Meteora platform you get rewarded in terms of fees. The rewards follow a tiered structure. The higher your staking amount, the higher would be your reward. Meteora also provides elite staker benefits where top stakers are prioritized in terms of token rewards distribution. You can also make use of the strategic lockup periods in the Meteora platform. The unstaking activity can be done only after a particular waiting period. This also ensures long-term participation among the users.
How to Participate in Meteora Airdrop?
To participate in the Meteora airdrop, you should first of all visit the official website of Meteora. Then connect a suitable Web 3 wallet to the Meteora platform. Next, check and ensure that you are eligible for the Meteora airdrop. If you are eligible for the airdrop, you can directly claim your share of the tokens from the website. To further increase the value of your earnings you can stake the tokens and earn more rewards.
How to Claim the $MET Token Rewards?
You can claim $MET tokens rewards from the “Unclaimed Earnings” section on the Meteora platform. Visit the “Unclaimed Earnings” section on the Meteors dashboard and click on the “Claim” button to get the rewards. Review the rewards due to you and ensure that you have received a fair deal. Confirm the transaction and your share of the $MET token rewards will be given to you.
The Bottom Line
Meteora airdrop is a rewarding investment as your earning potential is automatically adjusted according to your staking. The more tokens you stake the higher would be your rewards per block. This solves the fundamental problem faced by all meme coins, i.e., losing their value over time. The staking mechanism on the Meteorsa platform rewards long-term participation. The early adopters of the Meteora platform, who have been persistent in their approach, will earn the most in the Meteora airdrop event.
