Bittime – Parallel Finance is holding an airdrop event with Ultiverse. Complete Parallel social tasks and explore Ulti-Pilot in the Ultiverse to earn Parallel Points.
Airdrop Event Duration
The airdrop takes place from May 11, 2024 to June 22, 2024. Parallel will calculate and distribute Parallel starting points within one week after the event ends.
Parallel Point Distribution
Total Parallel points = initial points + daily points + referral points + team points.
Parallel Points can be exchanged for Parallel tokens in the future. The more Parallel points you have on the Parallel mainnet, the more Parallel tokens you can receive.
Participants who complete Parallel on-chain tasks in Ultiverse will earn starting Parallel points.
Starting Points for Ultiverse Participants
Participants who complete Parallel on-chain tasks in Ultiverse will earn starting Parallel points.
Please note that you can claim the initial points to your wallet address and check them in the Parallel dashboard after the event ends, so you need to first complete the Parallel social tasks and connect your wallet.
You can also earn Parallel team points and referral points by inviting friends and building your team.
Parallel will distribute starting points to three types of Ultiverse participants:
- Users who complete Parallel's on-chain interactive tasks via the Ultiverse platform.
- Ecological core members who contribute to Parallel via the Ultiverse platform.
- Parallel will calculate and distribute points within one week of the event. Points will be based on the number of Parallel on-chain transactions you make via Ultiverse during the event. Specific calculation rules will be announced after the event.
Apart from the initial points, you can also earn Parallel points in the following ways:
- Daily Points
Parallel calculates your daily points based on the number of assets and holding period in Parallel. The more assets you have in Parallel Network, the more daily points you will receive each day. Daily points will be accumulated and updated every day to your total points on the Parallel dashboard. You can use the Parallel bridge to move your assets to Parallel and earn daily Parallel points. Please note that there is a 2X multiplier on daily points for rsETH and pt-rsETH holders on Parallel.
- Poin Referral
The more people you invite, the higher the points you get. You can earn 20% of the points from the people you invite and 10% of the points from the people they invite. For example, if A invites B, A can earn 20% of B's points. If B then invites C, A can earn 10% of C's points, and B can earn 20% of C's points. To earn referral points, you need to first complete social tasks in Parallel. Please follow the user guide below for specific steps.
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Team Points
Build your team.
- When your team reaches maximum capacity (100 members), you will receive an additional 30% of your personal points. For example, if your team is full with 100 members and you now have 1000 points, you will receive an additional 30% which is 300 points, making your total points 1300.
- When the team you join reaches maximum capacity, you will receive an additional 15% of your points. For example, if the team you join is full of 100 members and you now have 1000 points, you will receive an additional 15% which is 150 points, making your total points 1150. Team points are accumulated every day.
- If your team remains full every day, you will receive an additional 30% bonus on your points every day. Likewise, if the team you follow remains full every day, you will receive an additional 15% bonus on your points every day.
- To get team points, you need to first complete social tasks in Parallel. Please follow the user guide below for specific steps.
Parallel X Ultiverse Campaign Pool Reward Up to 1% of total Parallel tokens
Tokens will be distributed based on points from all users.
How to Participate: Connect to Parallel Mainnet To connect to Parallel Mainnet, you need to add a new network with the following details:
- Nama: Mainnet Parallel
- Description: Public mainnet for Parallel Networks
- Chain ID: 1024
- Currency Symbol: ETH
- URL RPC: https://rpc.parallel.fi/
- Explorer: https://explorer.parallel.fi/
- Bridge: https://bridge.parallel.fi You can find Parallel configuration information here: https://docs.parallel.fi/parallel-network/network-info/mainnet
- Select “Add network” in your metamask wallet.
- Fill in the Parallel mainnet configuration information.
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How to Participate in Ultiverse Airdrop
Completing Parallel social tasks Please note that Parallel points will be distributed to your wallet address in the Parallel dashboard, so you need to first complete Parallel social tasks and connect your metamask wallet.
You can also earn Parallel team points and referral points by inviting friends and building your team.
- Log in to the Parallel website, and connect to the Parallel network.
- Click “Application”, and go to the “Airdrop” page.
- Enter the invite code to join the team, and complete social tasks. You can find the invitation code on Discord and Twitter Parallel.
- Now you can check your points on the dashboard, points will be calculated and distributed within one week after the event ends.
Ulti-Pilot's Guide to Parallel
- Go to the Ultiverse Ulti-Pilot Page. Click on the icon in the top right corner and select 'Parallel', click 'Connect Wallet' and then use the wallet to log in.
- Click [Create your agent now], create your username, and start creating your agent. *Note: You only have one opportunity to edit your username. Then click [Continue] and follow the instructions in your wallet to print your agent.
- After the transaction is successful, you will see the window below. Click [close] to continue.
- You will be redirected to the “Explore” page, for first time users, click [Next] to skip the game guide. Then click [Explore] and follow the instructions in the wallet to complete the exploration.
Parallel Bridge User Guide
- Log in to the Parallel website, and connect to the Parallel network.
- Click the “APP” icon in the top right corner. Click “Bridge” to enter the Parallel bridge page.
- Select your cross-chain network and assets, enter the amount of assets, and click “Bridge”.
- Wallet authorization and transaction signature confirmation. You can immediately click “Next”, or manually change the amount to the value of your cross-chain assets.
- You can check the status of your cross chain assets in “Activity”.
About Parallel Bridge or Parallel Bridge
Parallel Bridge is the original cross-chain bridge launched by Parallel Network. Currently, apart from supporting common assets such as ETH, USDC, USDT, and DAI, it also
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April Crypto Outlook: Eigenlayer Narrative, BTC Ecosystem, and Parallel EVM Narrative
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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