Untitled Bank, a decentralized banking service on the Soneium blockchain, organizes a reward program for its users. Participants who engage in lending, borrowing, community discussions, and referral quests can earn U points. These points can be bridged to Soneium to convert them as blockchain funds.
This article will guide you through the Untitled Bank airdrop., We will explore the eligibility criteria, the working mechanism of the drop, the claiming process, and the withdrawal procedure. Also, we will verify the genuineness of the platform. Let’s begin.
What is Untitled Bank?
Built on the Soneium blockchain, Untitled Bank is a permissionless and modular borrowing and lending platform. Started as an incubation program of the chain, the platform went live on January 14th, 2025. It tries to address the issues with accessibility and diversity in existing lending platforms.
How Does the Untitled Bank Airdrop Work?
As a part of the launch, Untitled Bank rewards its early users with U points. Those who deposit 100 dollars will receive 1 U per hour. Those who borrow the funds will get 2 U points per 100 dollars. The funds are in USDC, WETH, and ASTR. Also, there will be rewards for community engagement and referrals. Here are the details:
- Lend: Users can lend their USDC, WETH, and ASTR to other users and earn U points. First, the lenders should deposit a minimum of $100 to get 1 U.
- Borrow: Connect your crypto wallet loaded with collateral and borrow USDC, WETH, or ASTR to earn U points. Borrow a minimum of $100 to get 2 U.
- Refer: You can generate a referral link through your Rewards dashboard. Send the link to your friends and family members interested in web3 airdrops. You will receive 10% of their U points.
Is it Free to Join? Eligibility Criteria For the Untitled Airdrop
Untitled Bank demands a minimum deposit of $100 to earn airdrop points. The threshold is so high compared to the regular airdrops. The drop is primarily intended for professional web3 users. Other than this entry price, there are no eligibility criteria.
Step-by-Step Guide to Claim the Airdrop
- Open Untitled Bank’s official website and access its web app. Then navigate to its rewards page (app.untitledbank.co/rewards).
- Tap “Connect Wallet” and choose your crypto wallet provider. Add Soneium mainnet to your extension if you haven’t already.
- Borrow or Lend by tapping the respective buttons. Additionally, send your friends the referral link by copying it. Engage regularly to increase U points.
Airdrop End & Distribution Dates
The airdrop began with Untitled Bank’s launch day, January 14th, 2025. The end date of the campaign hasn’t been announced. There is no automatic conversion and distribution of the rewards. Users should manually convert their U points into blockchain coins.
How to Withdraw Your Earnings?
The U points you earn can be converted to blockchain coins like ASTR. You can seek the help of Soneium Bridge to convert and redeposit your funds to your wallet. Here is the tutorial:
- Visit the Astar Surge Bridge interface of the Untitled Bank.
- Switch to Astar Minnet in the wallet extension.
- Your points will be visible there. Enter your Sonerium wallet address.
- Tap “Bridge”. The points will be converted to ASTR and sent to your wallet.
Final Thoughts: Is This a Trustable Airdrop?
The Untitled Bank airdrop is not targeted at usual airdrop hunters. It is for those intending to borrow or lend assets. If you are looking for simple airdrops without any investment, you can skip this one. Also, visit my profile to see guides on other ongoing airdrops.
Finally, go through extensive research before involving with the project. Even though the platform is regularly audited, you should be cautious while engaging with Untitled Bank because it is a newly launched project. DYOR and verify the genuineness yourself.
