{"id":8619,"date":"2024-03-12T16:50:09","date_gmt":"2024-03-12T16:50:09","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=8619"},"modified":"2024-03-12T16:50:09","modified_gmt":"2024-03-12T16:50:09","slug":"parallel-network-airdrop-guide-review","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/parallel-network-airdrop-guide-review\/","title":{"rendered":"Parallel Network Airdrop Guide and Review"},"content":{"rendered":" Parallel Network Airdrop Guide and Review\n
\n

Parallel Network is a layer 2 scaling solution built on top of Ethereum, powered by Arbitrum’s Nitro stack. Parallel Chain is EVM-compatible which means you can do anything on Parallel Network that you would be able to do on Ethereum mainnet – deploy contracts, use Web3 apps, interact with wallets, etc.<\/p>\n

Parallel Network has raised $34M in funding from investors like Polychain Capital and Coinase Ventures. They\u2019ve confirmed to launch their token \u201cPARA\u201d and do an airdrop to testnet participants. They have introduced a point system where users can earn points based on their activities on the testnet. Points will be converted to PARA tokens after the token goes live.<\/p>\n

Step-by-Step Guide:<\/strong><\/p>\n
    \n
  1. Visit the Parallel network testnet page.<\/li>\n
  2. Select Parallel Testnet and connect your wallet.<\/li>\n
  3. Now click on \u201cApps\u201d from the top right, go to \u201cAirdrop\u201d, enter code \u201cBA59A<\/strong>\u201d and complete the Twitter tasks to sign up for the airdrop.<\/li>\n
  4. You will now need some Sepolia ETH. You can get it from here.<\/li>\n
  5. Now bridge ETH from Seploia to Parallel testnet from here.<\/li>\n
  6. Return to the Parallel testnet page and click \u201cCreate Parallel account\u201d.<\/li>\n
  7. Go back to the \u201cApps\u201d section, click on \u201cWallet\u201d and claim testnet tokens.<\/li>\n
  8. Click on \u201cApps\u201d and go to \u201cLending\u201d.<\/li>\n
  9. Supply testnet NFTs and tokens. You will also be able to borrow assets after that.<\/li>\n
  10. You will earn airdrop points for interacting with the testnet. Also, connect to the different available test networks like Goerli to earn more points.<\/li>\n
  11. Invite your friends to the Parallel testnet to earn even more points.<\/li>\n
  12. They\u2019ve confirmed to airdrop PARA tokens to testnet participants based on their points.<\/li>\n
  13. For more information regarding the testnet airdrop, see this tweet<\/a>.<\/li>\n<\/ol>\n<\/div>\n

    Are you interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!<\/p>\n<\/div>\n

    \n
    \n
    \n

    Overview<\/h2>\n
    \n<\/div>\n
    \n
    \n