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GET READY! Huge Airdrop Will Rival Uniswap & DyDx!! Millions to Be Made!? - YouTube
Channel: Chico Crypto
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Egg yolk, to all those silly sally viewers
of the tube.
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This is the last episode, I will be shooting
in this studio back in Chico California.
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Next time you will see me, Iāll either be
in a studio in Lisbon Portugal, or I just
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might shoot my videos out on the streets of
Lisbon, like I used to do when I lived in
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Miami.
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How should I shoot: studio or outside?
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Let me know in the comments & Iāll do what
the viewers decide.
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So, you know our drill, itās time for Chico
Crypto!!
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Well all I have to say is Bitcoin better not
be a bummer for my first few days in Lisbon!
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Because the past couple of days, it has been
a bummer.
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Bitcoin broke $57,000 for the 1st time since
Mayā¦but it couldnāt break 58.
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Resistance was met late on Monday the 11th,
early morning of the 12th it retried, but
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as of the 12th the bears took overā¦and as
of yesterday we dipped below 55k.
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The crash from itās high was a fall of 3000
buckeroos, or about a 5.2 percent decrease.
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A pretty hefty fall, butā¦it didnāt do
much damage to traders who are leveraging.
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Checking out bybt and total liquidations,
on the 12th there was 173 million in Long
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liquidations, and yesterday there was 131
million.
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Thatās just 304 million over the past 2
days, and if you look into past liquidations
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history, those 2 green candles arenāt anything
specialā¦
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Like I mentioned last week, Bullish leverage
traders who go LONG still have the bad taste
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of September in their mouths, as we can see
there were more than a few massive green candles
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that month, where they got REKT, including
the big day September 6th in which 3.22 billion
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in Longs went up in flames.
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For them to begin placing large long positions
once again, we will need to break of course
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58k, but also 60k, and in my opinion, even
break Plan Bās October prediction of 63k.
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That will be the type of price movements that
will give them the confidence to LONG the
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markets.
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So, the BIG leverage dump Iāve been predicting,
wasnāt this dump we just experiencedā¦.itās
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still to comeā¦.
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So, as much as I hate to say itā¦Leverage
is the major control of Bitcionās price
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movements now.
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Itās where the majority of the volume isā¦.over
50 percent.
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Checking out Coingecko, Binance is the top
spot crypto exchange with just over 26.2 billion
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in 24 hour volume, and as we can see above,
there is over 135.7 billion in total spot
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volume, on both Dexās and Centralized exchanges.
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Well switching over to derivatives, we can
see the top exchange is once again Binance,
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but their derivative volume is over 78.8 billion.
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Aka itās over 200 percent higher than spot.
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Then above we can see total volume from derivatives,
175.8 billion from perpetuals plus 13.2 billion
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from futures, is 189 billion.
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Of total crypto volume, adding in the 135.7
billion spot, would equal 324.7 billion.
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So that would mean the 189 billion of derivatives
makes up 58.2 percent of total crypto volume.
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But, if you arenāt like the many in the
space, that think they can time the markets,
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and you just HODL, these short term DIPs,
should have no effect on you.
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They donāt have an effect on me.
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I know they are coming.
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Thus, with RED days, in a bull market, I donāt
get scurred.
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I see them as buying opportunities as this
market is far from done.
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Mr. Plan B, the creator of the Stock to Flow
model, and price predictor extraordinaire
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was just on the Maxi pad Pomp Podcast discussing
his model, and predictions.
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Letās listen inā¦
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Surprised
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below 100k by the end of the year.
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The Bull continues into q1 2022, and it will
even surpass 135kā¦up to whatever soccer
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flakes are, but he said 288k?
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Can you say BULLISH!?
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So, another altseason MUST go onā¦and I have
a feeling there is going to be some special
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altcoin airdrops before the end of the year.
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I recently predicted Optimisim will be the
first oprimitsic rollup, out of the 2 most
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popular which includes the tokenless Arbitrumā¦to
Airdrop a token to users on the rollupā¦and
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I still think that is coming this yearā¦
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But I do think another rollup is going to
airdrop some tokens to usersā¦so are you
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talking about Arbitrum?
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Well, no I donāt think they need to.
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If we go to l2 beat, which tracks TVL of ethereum
layer 2ās, we can see Arbitrum is dominating
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tokenless.
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It has $2.1 billion locked up and up over
32 percent over the past 7 days.
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That is nearly 9x the size of Optimismās
TVL, resulting in a market share of over 61
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percent.
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So I donāt think itās another Optimistic
Rollup who will be doing airdrop, I personally
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think it will be one of the Zero Knowledge,
ZK rollups doing one!
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Who on the ZK list could it be, DYDX already
dropped which I predicted as well, loopring
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already has had a token, zkswap too, in my
opinion, itās going to be a big, future
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upcoming player in the l2 spaceā¦zksync!
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So why do I think this?
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Well ZkSync has already announced a token!!
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Back in December of 2019 they posted this
blog āIntroducing zkSync: the missing link
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to mass adoption of Ethereumā This blog
was the introduction of the testnet, and in
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it they said āGuardians comprise the majority
of ZK Sync token holders who stake their token
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share to nominate validators.
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The purpose of Guardians is to monitor peer-to-peer
transaction traffic, detect censorship behavior,
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and ensure validators caught censoring are
not nominated.
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Guardians are rewarded with fees from the
Validators denominated in the ZK Sync native
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token.
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Their earnings and stakes are locked for a
prolonged period of time, to incentivize the
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prioritization of long-term ZK Sync token
value over short-term returns.ā
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A ZK Sync native token is comingā¦which is
confirmed an the rollups documentation.
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It says in the Tokenomics sections.
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āWill ZK Sync have a native token?
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Yes!ā and then below that the question is
aksed-When?
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How can I get the token?
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They say āOur efforts and focus have been
so far dedicated for the development of zkSync
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and its securityā And they give links for
their socials for updates.
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So why do I think they are going to do an
airdrop?
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Well they basically did in the past in their
documentation and tokenomics section.
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Using wayback machine, and going to that specific
page, as we can see under the question: When?
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How can I get the token?
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They said āWe intend to distribute the majority
of the network government rights to our community.
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Please follow our news to get all the important
updatesā
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Distribute the majority of network government
rights to the community.
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If thatās not words for a community airdrop,
I donāt know what is!
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And guess what, Iām going to show the steps
to possibly be eligible for this airdrop,
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if there is oneā¦and I think itās highly
likely, the writing is on the wall.
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But before we get into that, itās time for
a sponsored segment of this video supported
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by the team over at Trustswap, and like always
the full details of our agreement can be found
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below!
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So TrustSwap is bringing crypto to the world
by onboarding new blockchain users through
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simple applications that bridge them into
the TrustSwap ecosystem and by providing industry
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leading DeFi tooling for blockchain businesses.
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Theyāre all encompassing, blockchain agnostic
and dedicated to their community.
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TrustSwap has a truly astonishing amount of
projects that use their tools.
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Over $4 Billion in total value is locked thru
token locks and liquidity locks from over
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10,000 plus projects across multiple blockchains
including ethereum, polygon, bsc, algorand
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and avalanche.
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In addition to SmartLocks TrustSwap has made
it easier than ever for projects to create
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their own token vesting contracts and even
mint their own tokens on Ethereum, BSC or
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polygon with no coding requiredā¦thru their
MINT websiteā¦ and itās free
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TrustSwap recently released some exciting
news with their sponsorship of Champion UFC
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fighter Amanda Nunes, arguably the greatest
female fighter in the history of the sport.
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She will be reppinā the TrustSwap branding
for her Title showdown at UFC 269 on December
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11th along with launching her very own fan
token through TrustSwapsMint.
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Sheāll also be helping promote TrustSwapās
latest acquisition TheCryptoAppā¦
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The crypto app will soon serve as a major
catalyst for the TrustSwap ecosystem as the
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team in currently updating and creating new
integrations for the appā¦ the CryptoApp
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already has over 2 million plus downloads
and over 700,000 active users.
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Itāis one of blockchains most popular applications
with more downloads than the coinmarketcap
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app and the crypto.com app.
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Now letās dig a bit deeper into the launchpad
because it offers guaranteed allocations on
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EVERY single blockchain, every time someone
participates.
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It has also eliminated gas wars and the first
come, first serve mentality.
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Anyone staking 4,000 Swap gets a full 24 hours
to fill out their allocation form.
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the more you stake, the higher your allocation.
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No lottery, no need for luckā¦ everyone who
wants inā¦ getās in to launches
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The next launchpad project is already on the
books with SIGMA Studios, an American video
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game and software development company based
in Denver, Coloradoā¦ they are launching
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a new NFT-based play-to-earn video game called
āNFT Championsā along with their $CHAMP
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token on October 21st thru the TrustSwap Launchpad.
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But of course if you are American you cannot
participate!
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If you are eligible to particapte in these
early launchpad token sales all you have to
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do is stake SWAPā¦ itās tried and true,
they currently have over $42 million SWAP
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staked..
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And to give back to the community TrustSwap
is currently running one of the coolest promotions
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ive seen in the crypto space and are giving
away 10 brand new iphone 13 maxāsā¦ thatās
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right, giving away 10 brand new iphones...
this is the kind of giveaway you actually
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have a chance to win.
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Starting on October 14th, if you stake 500
or more $SWAP tokens and hold them for 30
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days, you become eligible to win one of these
phonesā¦ this is just the latest example
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of how the TrustSwap team is always giving
back to their communityā¦ make sure to visit
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their website and join their discord to get
the full details of the promotion and all
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the other exciting things TrustSwap has going
on.
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Links are below!
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Now back to that airdropā¦Sooo, there was
some BIG news yesterday from ZK, they announced
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the launch of UniSync, a port of Uniswap v2,
on the zkEVM testnet!
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Why is this big?
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Well, ZKSync in the past has had itās own
smart contract language called ZINC.
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They have now created a solidity compiler
which allows solidity on the rollup, so dapps
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can port over easily.
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This means general purpose computation with
the scalability and security of optimistic
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rollups but with instant withdrawals all while
still using the language smart contract devs
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are used to, Solidity.
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But they also say this in the blog at the
very end āP.S.
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We have some very exciting news coming soon!
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Stay up-to-date.
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Airdrop?
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Is that hint of itā¦.if so then first, I
would test Unisync out.
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So letās do it.
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You can find the dapp in their blog, or itās
down below in the description.
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Open it up, click Launch Dapp, and the next
step is to connect a wallet.
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Connect using metamask, and select the wallet
you would like to use and click next.
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It will then tell you you are on the wrong
network, but will automatically fill Metamask
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in with the network details in Metamask.
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Over there, just click approve and then switch
network and it will connect you to the testnet.
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Now you donāt have any test tokens to use,
so you can click request tokens form a faucet,
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and to get them you will have to have a Twitter,
and tweet with their pre-populated text.
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Just click tweet, and it will automatically
do it for you on Twitter.
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Just click tweet on twitter to post, confirm
itās there and then go back to the Unisync
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interface and it should show the tokens successfully
claimed after a short bit.
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Now you have 300 test USDC in your wallet.
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So letās swap those bad bois!
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First put in the amount you would like to
swap, we will do 150 USDC, and then click
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the token you would like to swap intoā¦we
are choosing that stinky, stinky LINK.
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Then you have to allow Uniswap to use your
USDC, click that and sign the transaction
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in Metamask.
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Now we can trade, click swap, confirm the
swap, and sign the transaction in Metamask
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and boom, you made your first swap on Zk Sync,
which as we can see just took .167 seconds.
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Blazingly fast!
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Now there is more you can do to prepare yourself
to be eligible, and this is live on the mainnet!
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At wallet.zksync.io, link for that is down
below too, you will find the zksync mainnet
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wallet.
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Here you can transfer to the l2 wallet from
Ethereum l1 mainnet, also here you have the
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option to mint NFTs on the zksync layer 2.
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And look at that NFT mint priceā¦just 1 and
13 cents.
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And Iām doing all of this, because I do
really think they will be doing an airdropā¦a
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big one.
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Cheers Iāll see you next time!
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