Karak is a Layer 2 blockchain platform focusing on risk management and aimed at enhancing restaking, artificial intelligence (AI), and the development of secure applications tailored for the next billion users. It introduces a novel product architecture that enables users and developers to leverage secure staking and restaking processes.
Rollapps, the applications built on Karak, are inherently powered by rewards generated from productive assets. Users can seamlessly interact with LSTs (Liquid Staking Tokens), LRTs (Liquid Reward Tokens), and AVSs (Asset-Backed Securities) to earn rewards while safeguarding themselves from slashing risks.
Having secured $48M in funding from investors such as Coinbase and Pantera Capital, Karak has initiated an XP campaign. Participants who sign up and bridge assets from Ethereum to Karak will earn XPs, with additional XPs awarded for each successful referral. While Karak currently does not have its own token, there are plans for a future token launch. The XPs earned are likely to be converted into this token if it is introduced.
Step by step guide for Karak Airdrop
- Visit the Karak website.
- Enter the invite code “bkaaC” (case sensitive) and sign up.
- Follow Karak on Twitter and join their Discord community.
- Connect your wallet to the Karak platform.
- Click on “Continue anyway” and choose to bridge ETH, USDC, or rswETH.
- Obtain ETH and USDC on Binance if needed.
- Acquire rswETH by restaking ETH on Swell, making you eligible for the Swell airdrop.
- Return to Karak and complete your bridge transaction.
- Earn XPs for bridging assets.
- Refer your friends to earn additional XPs.
- Note that Karak currently does not have its own token but may launch one in the future.
- Users who accumulate XPs may receive an airdrop if Karak launches its token.
- Keep in mind that there is no guarantee of an airdrop or token launch; it’s speculative.
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