In this article, Weakhand will give everyone instructions on how to make a retroactive Palm Network. This is a side-chain of Ethereum and has many relationships involving large parties such as Consensys as well as some large investment funds.
Other projects may be airdropped in the future. You can refer to some of the articles below:
- Retroactive DeBank Hunting Guide
- Retroactive LayerZero Hunting Guide
- Retroactive Hunting Guide Project zkSync Era
- Retroactive Linea Network Mainnet Hunting Guide
Palm Network Overview
Palm Network is a side-bottle on Ethereum developed specifically for buying, selling and trading NFTs linked to digital assets as well as real-world assets. Palm Network uses the IBFT 2.0 Proof of Authority (PoA) consensus mechanism, with validators run by parties involved in the project.
Palm Network also recently announced a merger with Candy Digital, a company that specializes in providing digital assets to fans and collectors. This Candy Digital company has also gone through 2 different rounds of capital raising with an amount of over $100M raised and a valuation of $1.5B in the first round.
As for Palm Network alone, the project has successfully called for $27M in Series B round in 2021 with the participation of investment funds such as M12 (Microsoft Venture Fund), Warner Brothers, SK Holdings,…
Palm Network also has plans to issue tokens as well as implement a network governance model through the PALM token using PoC (Proof of Contribution), so we can also expect an airdrop in the future. hybrid.
Instructions for Making Retroactive Palm Network
Step 1: Add Palm Network to Metamask
- Visit: https://chainlist.org/
- Add Palm Network to Metamask wallet (Chain ID: 11297108109)
Step 2: Prepare wETH
There are 2 ways to get wETH including:
- Buy and withdraw from exchanges (high fees).
- Wrap with Uniswap for a fee of $1 for wallets that already have ETH.
Step 3: Transfer assets to Palm Network
- Visit: https://app.palm.io/bridge
- Proceed to transfer wETH from Ethereum to Palm Network.
- For every 0.01 wETH transferred from Ethereum, people will receive 1 PALM token as a fee.
Step 4: Participate in activities on Palm Network
- See instructions for running nodes for Palm Network here.
- See instructions for minting NFT on Palm Network here.
- Get Proof of Contribution at:
Summary
Above are detailed instructions on how to make a retroactive Palm Network from Weakhand. Hopefully, through this article, everyone will receive an airdrop from the project in the future.
