Calling all Binance Wallet users! Satoshi Protocol is excited to announce an upcoming airdrop event of 500,000 OSHI tokens following our listing on Binance Wallet.
Complete a few quick tasks and enter for a chance to win your share!
Instructions
- Duration: 2024/04/04–2024/05/04
- Binance Web3 Wallet Campaign
Tasks:
- Bridge BTC to the BEVM using Binance Web3 Wallet.
- Create Position on Satoshi Protocol, deposit BTC and borrow 10 SAT.
Complete these tasks to qualify for your share of the massive 500,000 OSHI token airdrop!
How to Participate
Are you ready to earn your share of OSHI tokens? Join the exciting Satoshi Protocol airdrop event on Binance Web3 Wallet. Get started with Binance Web3 Wallet and your BTC.
STEP 1: Campaign → Connect with Binance Wallet
STEP 2 : Withdraw BTC and bridge to BEVM
- Suggest withdraw at least 0.0004 BTC for completing task
- Using OmniBTC to transfer BTC from BSC to BEVM
- Using BEVM bridge to transfer BTC from mainnet to BEVM ( ~ 30mins )
STEP 3 : Go to Satoshi Protocol, Create Position
- Input BTC Amount
- Borrow SAT ( at least 10 SAT )
- ( Optional ) Fill in your referrer, get 150+ points
- Approve Transaction
- Click “Create Position”
Note: To create a position, you’ll need to borrow at least $10 worth of SAT. This is the current minimum borrowing requirement.
Binance Wallet Mobile tutorial: Create Position Using Binance Web3 Wallet
Congratulations! You’ve completed all the steps and qualified for the OSHI airdrop reward!
How to Claim Your OSHI Airdrop
The entire pool of 500,000 OSHI tokens will be evenly distributed to all users who completed the task using Binance Web3 Wallet during the event period.
Once the event concludes, you can head over to the airdrop page to check your OSHI balance and confirm your final reward amount. So remember to keep an eye on official announcements of the event.
Note: While the exact airdrop end time remains unannounced, be on high alert for scams.
What is Satoshi Protocol？
Satoshi Protocol is the first CDP built on BEVM and aims to unleash trillions worth of BTC liquidity with the SAT dollar stablecoin, expanding Bitcoin’s use cases.
Users can deposit BTC as collateral to borrow the SAT stablecoin pegged to $1, unlocking trillion-dollar liquidity in Bitcoin. The operation of SAT involves over-collateralization, liquidation, and arbitrage mechanisms.
To borrow 100 SAT, users need to deposit BTC worth at least 110% above the loan amount as collateral. If BTC’s price changes, it will trigger liquidation to keep SAT stable.
Satoshi Protocol also has a native token, OSHI, focused on ecosystem utility and revenue sharing for OSHI Token holders.
Learn how Satoshi Protocol maintains SAT’s dollar peg and enhances the Bitcoin ecosystem in our article Satoshi Protocol : The First CDP on BEVM , Unleash BTCFi for everyone
What is Binance Web3 Wallet
The Binance Web3 Wallet is a wallet application launched by Binance, tailored for #DeFi enthusiasts. It’s a self-custodial crypto wallet designed to support users in easily conducting cross-chain cryptocurrency exchanges and earning profits from them.
It enables interaction with various blockchain platforms based on the Binance platform while ensuring users maintain full control over their crypto assets.
Ways to Earn More OSHI
The Binance Web3 Wallet airdrop is just the beginning! Explore even more ways to earn OSHI with Satoshi Protocol: Leaderboard: Earn Position Points and Referral Points
How to close my position
To close your position, you only need an extra ~ 0.05 SAT, which you can get from BEVMSwap. Because when you borrow SAT, there’s 0.5% one-time minting fees.
- Send 0.0001 BTC to your Metamsk wallet
- Swap BTC for 0.1 SAT
- Send SAT to your Binance wallet
- Go to Satoshi APP → Position Page → Close Tab → Click Approvef
- Click Close Position
- Done → Receive your BTC
Conclusion
The clock is ticking! This airdrop offers a limited opportunity to claim your share of 500,000 OSHI tokens. Don’t miss out — follow the simple steps, complete the airdrop tasks using Binance Web3 Wallet, and unlock the power of BTC liquidity. Join the Satoshi Protocol revolution today!
For further reading:
- Satoshi Protocol : The First CDP on BEVM , Unleash BTCFi for everyone
- Satoshi Protocol Is LIVE on Mainnet — Referral Program and Next Steps
About Satoshi Protocol
Satoshi Protocol is the first CDP protocol built on BEVM, users could deposit BTC as collateral to borrow stablecoin SAT. This serves as the cornerstone for BTCFi to unleash trillions worth of Bitcoin.
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