Elys is a Cosmos SDK built, fast layer 1 blockchain, and is the first, and only, decentralized suite of financial applications in the Cosmos ecosystem with multiple unique features. The Elys Network platform includes a webapp with integrated account abstraction for seamless onboarding, fiat on-off ramps, IBC and EVM connectivity.

Elys Network has confirmed that it will launch the “ELYS” governance token and conduct an airdrop to testnet participants. To participate, you must sign up for the testnet, claim faucets, make swaps, and stake tokens. Phase 2, the final phase before the mainnet, is now live, so continue to interact with the testnet to receive ELYS tokens.

Elys Network has announced the airdrop eligibility checker. This airdrop checker is for the airdrop based on the 5% of the supply. A detailed allocation of the airdrop will be released on December 8.

To be eligible as an ATOM staker, Hydro user, or StATOM holder, you needed to vote on Prop 897 for ICS 2.0: Partial Set Security integration. The threshold was set at 10 ATOM staked, using a quadratic distribution model to favor those with fewer ATOM staked.

Step-by-Step Guide:

1. Visit the Elys Network airdrop checker page.
2. Connect your wallet.
3. Check your airdrop eligibility.
4. Visit the Elys Network testnet page.
5. Sign up with your socials or with a Cosmos wallet like Keplr.
6. Now click on “Deposit” and claim testnet tokens.
7. Go to “Swap” and swap tokens.
8. Also, go to “Earn” and stake tokens.
9. Go to “Leverge LP” and provide liquidity.
10. Phase 2 of the testnet is now live.
11. They’ve confirmed that they’ll launch their token, “ELYS,” and will be doing an airdrop for users who try out the testnet and are active.
12. At the end of the testnet, you will have the opportunity to obtain Elys Network NFT, which has a number of attached tokens that will be distributed after the mainnet launch.
13. Also, complete the quests on BonusBlock.
14. For more information regarding the testnet Phase 2, see this article.

You're 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!

• Airdrop Link: Go to airdrop

• Total value: n/a

• Airdrop confirmed

• Platform: ownchain

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