On December 13, 2023, Rainbow, the Ethereum wallet, unveiled its Rainbow Points rewards initiative, characterizing it as the inaugural move towards involving its community in the forthcoming prosperity of Rainbow. This announcement also hinted at the possibility of a future token airdrop. This article is all about the simple guide on Rainbow wallet airdrop. Let’s take a look at this in more detail.
Rainbow is a mobile wallet designed for Ethereum, available on iOS and currently in public beta on Android. It’s a non-custodial wallet, meaning you control your private keys and, consequently, your funds. Notably, Rainbow is open source, setting it apart from most other mobile crypto wallets.
Built with both beginners and power users in mind, Rainbow offers a variety of features to cater to different needs. You can seamlessly interact with your favorite DeFi protocols or NFT marketplaces within the app due to its native integration. Rainbow supports popular Layer-2 networks like Arbitrum, Optimism, and Polygon, with more networks in the pipeline.
Whether you want to create a new wallet, import an existing one, or monitor any Ethereum address for “read-only” access, Rainbow provides flexibility. For those willing to compromise on security, the wallet allows backup to iCloud, ensuring recovery even if you lose both your device and keys.
Rainbow includes a built-in fiat on-ramp, enabling you to purchase Ethereum or DAI via Apple Pay and have it directly deposited into your wallet. This straightforward onboarding process is especially convenient for new users, eliminating the need to go through a crypto exchange initially.
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MetaMask vs. Rainbow Wallet
The cryptocurrency sector faces challenges related to its public perception. The technology is excessively complex, and financial aspects are laden with intricate numerical details. Furthermore, the industry is plagued by a prevalence of scams.
Some decentralized applications, often referred to as dapps in crypto parlance (although jargon itself is a concern), proudly emulate a visual style reminiscent of the early 1990s. This era harkens back to a time when engaging in enjoyable online activities required navigating through command lines.
A noteworthy illustration of this phenomenon is MetaMask, the most widely utilized application within the Web3 framework. Originating as one of ConsenSys’ initial in-house projects for Ethereum software development, MetaMask has evolved into a pivotal component of the Web3 ecosystem. With a recent tally revealing more than 30 million active monthly users, MetaMask has emerged as the default tool for cryptocurrency enthusiasts to oversee and manage their cryptographic keys.
From a consumer standpoint, wallets stand out as the cornerstone tools for fostering crypto adoption. These applications play a central role in safeguarding wealth, facilitating fund transactions, and orchestrating the management of one’s Web3 existence. While MetaMask is certainly a competent wallet, the crypto industry, founded on the principle of trusting the invisible hand of the market, necessitates the presence of robust and competitive alternatives to ensure a dynamic ecosystem.
Rainbow Wallet stands out with its noteworthy features and integrations, making it a compelling choice for users in the crypto space:
API Access:
– Rainbow Wallet provides API access, enhancing its functionality and integrative capabilities.
Integrations:
- Mintable
- SnowCone
- Unstoppable Domains
- WalletConnect
- X (Twitter)
- SpookySwap
- Vezgo
- AutoMinter
- DEUS Finance
- Deri
- LlamaPay
- MyEtherWallet (MEW)
- NEAR
- Niftyzone
- Tactic
- Wanchain Wallet
- hop.cash
Rainbow Wallet’s extensive list of integrations, ranging from popular platforms like Mintable and Unstoppable Domains to diverse decentralized finance (DeFi) projects such as DEUS Finance and SpookySwap, ensures a versatile and interconnected experience for users.
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How Rainbow Points are distributed and how you can earn them?
- Anyone with an Ethereum wallet qualifies: Whether you’re a seasoned crypto user or just starting out, owning an Ethereum wallet makes you eligible to earn Rainbow Points.
- Switching from MetaMask to Rainbow? Great choice! Import your MetaMask wallet, and if you’ve used MetaMask’s swap feature in the past year, you can earn an extra 150k points for an enhanced Ethereum experience.
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How to Grab Rainbow Airdrop and Earn Prizes?
As mentioned above, Rainbow, the enjoyable, user-friendly, and secure Ethereum wallet, has an exciting airdrop program for you. Simply use Ethereum with Rainbow, and you can earn rewards in Rainbow Points. Claim your points and boost your earnings by engaging in your regular on-chain activities.
Here’s how to get started:
- Start earning cool rewards with Rainbow Points by downloading the Rainbow wallet. Download the Rainbow browser extension or the Rainbow mobile app for iOS or Android at this link, install the wallet, and you’re all set for your exciting reward adventure!. You can get extra bonuses by using this link.
- Import or create a new wallet as shown in the above image.
- Navigate to the points tab (look for the parachute logo).
- Click “Get Started” and select “Use referral Code” for extra bonus points!
- Sign the message.
- Follow the claim process until you receive a breakdown of your retroactive points.
- Tweet your referral code to earn an additional 250 points.
- Continue accumulating points by using your Rainbow wallet.
- Points earned each week will be airdropped to users every Tuesday at 4:20 PM ET.
- To qualify for the airdrop, individuals need to complete a minimum $100 swap. Swap and bridge in Rainbow with a minimum of $100.
- Invite your friends to join Rainbow.
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Want more Airdrops?
Explore our collection of guides detailing numerous airdrops available for you to claim, expanding your opportunities in the crypto world!