Rise Chain - This Ethereum Layer 2 Is INSANELY Fast – 100,000+ TPS? #crypto #airdrop
Jimbo's Crypto Land
13 days ago
The summaries and transcripts on this page are generated with AI technology and may not perfectly represent the content of the video. Please use the information as a guide only.
Executive Summary
RISE Chain
- Core Functionality: RISE Chain is an Ethereum Layer 2 solution boasting ultra-fast transaction speeds of up to 100,000+ TPS, aiming to enhance scalability and efficiency for decentralized applications.
- Recent Updates: The project recently launched its testnet, providing users with opportunities to interact and earn potential airdrops.
- Reason to Farm: Early testnet participants often receive significant rewards, and RISE Chain's high-performance potential makes it a compelling project to engage with.
- Participation: Users can participate by completing tasks on the testnet, including adding the network, using faucets, interacting with DEXs, borrowing/lending, trading, deploying contracts, and engaging with the ecosystem via Discord and Galxe campaigns.
Key Insights
- The testnet is still in its early stages (launched on February 11), making it a prime time for users to get involved before competition increases.
- The project offers multiple faucet options, though some may be buggy, requiring patience and persistence.
- Discord engagement (reaching level 3) is crucial for accessing certain features like the faucet and earning roles, which could be criteria for future airdrops.
- The ecosystem includes DEXs (Gas Pump, Clobber), lending protocols (Inner 5 Boring), and trading platforms (Standard, B3X), providing diverse interaction points.
Why It Matters
RISE Chain's focus on scalability and speed positions it as a promising Layer 2 solution. For airdrop hunters, early participation in its testnet could yield substantial rewards, especially given the project's ambitious goals and growing ecosystem.
Transcript
Transcript
A new testnet on the rise as you can see but a new project for us? No! We've already talked about Rise Chain as you can see right over here. This is my video. If you want to know what this project does go and watch my first video. Today we will not present the project again. It's not necessary to do the same things again and again. Today we're getting practical. We're getting our hands dirty because a couple of days ago the new testnet began and these are all the information for today. Confined on the links on the first link of the description there will be one link which redirects you here on my website. There you can go to subscription and access our discord team. Guys we had a lot of wins there. For example last night we had a great win when Bates launched a token on Zora the official Bates and it 10x in a couple of minutes. All these great opportunities can be found on our team. This is pure entertainment. I'm not a financial advisor. Step number one we're going to add the network and explore all the possible faucets right now. First of all here you need to add the network. The rise testnet and then put your wallet address here. Select all the tokens and start dripping faucet. If this doesn't work trust me a lot of times this doesn't work. This is my second choice. Again put your address select your token and again request tokens. But also this gets buggy. every time. So my third option is the faucet through gas.zip. Here paste your address claim your ethereum. Always a nice choice to use gas.zip for the rise testnet. For example here you need to search for rise and start the inbound chain from any network that you already have real money. Guys here we're sending real money to fake money so two dollars will be enough. The last option is on their discord here on the faucet channel. But for you to be able to write this exactly with T capital you need first to reach level three on their discord. So you need to come here on the chatting channel and start talking until you reach level three. How you check your rank here on the solo leveling type this and this will be your rank. As you can see yesterday I achieved level number three so I'm able to claim some faucet. Two DEXs for step number two. Gas pump and clobber. Let's explore them here. Connect on the rise testnet network and start shopping. For example Ethereum to rise quote not available right now. Let's try USDC. Perfect nothing works here. Let's explore the pools right now and let's search for rise for USDC and Ethereum. No this is wrapped Ethereum. I don't got any for now. Let's go to clobber trying to swap here some Ethereum. Two. Oh only USDC and wrapped Ethereum. Let's try the wrapped Ethereum. Okay now we can talk. So let's try adding some liquidity here on the wrapped Ethereum and USDC per. Let's see if this works. No I cannot enter liquidity here and where you can find USDC you will see on the next step. For now gas pump needs some improvements. So for step number three we have Inner 5 Boring Lending Protocol here. You know the drill. You can deposit some of your assets. You see I just deposited 0.5 Ethereum and when you deposit and you enable the collateral you can borrow some stuff on the right. I borrowed 150 USDC here. You can always repay this or borrow more or withdraw your equity. Now you have USDC and when gas pump is fixed you can enter some liquidity or if you try to swap there any other pair. Step number four to trading platform standard and B3X here. First on standard you can select your orders here. Limit for example. Set your price from the order book. Choose Ethereum here for example 0.1. Review your order here. What's the problem again? One more project that doesn't work right now. Guys patience. Rise chain is a new chain. We know how this goes. Let's go to the second. First you need to go to faucet and claim wrapped stake Ethereum. Once you do this you can go to trade and start trading. Here is the leverage bar. Here is the amount that you need to put. For example 0.01. Here I take a long or short on XRP. You can choose other pairs also. Let's try to long now XRP. Approve and do. Yep I managed to open my long position here for XRP as you can see. So this works fine for now. Let's see. Time to deploy a contract for step number five on NFTs to me. Here click on the additions and fill all the information. Once you fill all the information here click on deploy on rise testnet and guys be careful you need to be on rise testnet top right corner. Construction completed. So let's click here on the project dashboard and once this opens scroll down and go to your mint settings. Here we need to choose the public. Okay update the face to public and then go to minting page to mint our first NFT. Here click on the visit page. And once you connect your wallet here you can mint the first NFT that you just create of this collection. Feel free to explore more of Rise ecosystem for step number six. Here are all the projects for now. We explore gas.fam, in r5, clobber, NFTs2me. There are more things here so it's up to you and about the time you want to spend on this project. We've already completed some galaxy campaigns for Rise on my airdrop updates video but here for step number seven I got you the galaxy page too for now both ended. So keep an eye here for more campaigns. Step number eight the Rise's Guild. Let's go to see here what we got. Two campaigns for now. The second is an NFT. You require to have this NFT. We have already claimed this NFT from a galaxy campaign. Right now this campaign is over but you can buy from the secondary market. This is my link for you. If you want to buy this collection here it is cost 0.015 ethereum. So it's your choice if you want to have this role. Lastly for step number nine we will see their roles on their discord here on the roles channel. I think it's mandatory guys to achieve level number three not only for the faucet but to get the Rise role. This could be a great undiscible criteria so chat a little bit. It's very easy only an hour and you will get this role. All these other roles need more hassle so it's up to you. Go also to the Rise tip channel to see how you can contribute to this ecosystem. This is always a great idea. A very easy testnet. Guys start interacting. We're very early. This started on the 11th of February so six days of testnet right now. So come on let's start. It's a very easy project. Here on my website you can find a lot of airdrops. Come and join. You can also go to our team and that was it for today. At the bottom all the official links of Rise Chain. Beware where clicking link guys is very important. So see you on the next one.