Altair Airdrop Review: Will Get Free AIR At a Ratio of 1 AIR

by Cws Team
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About Centrifuge Airdrop

Altair Airdrop combines the industry-leading infrastructure built by Centrifuge to finance real-world assets (RWA) on Centrifuge Chain, with the newest experimental features — before they go live on Centrifuge Chain. It is the network for users who want to test the bounds of asset financing. From art NFTs to undiscovered assets — Altair enables users to tokenize their most experimental assets and finance them.

Altair will be airdropping 61% of the total supply to CFG holders. The snapshot was taken at block number #6650475. Eligible holders will get free AIR at a ratio of 1 AIR : 1 CFG. Altair is one of the fastest spinning stars in the galaxy, and is also the bridge from Centrifuge to Kusama. You will now be able to tokenize real-world assets and finance them on the Kusama network.

BasicDetails
Token NameAltair Airdrop
PlatformOwn chain
Token Per Claim1 CFG : 1 AIR
Airdrop EndN/A
KYCKYC Is Not requirement
WhitepaperClick Here To View
Max. ParticipantsUnlimited
Collect AirdropClick Here To Collect Free Airdrop

How To Join Altair Airdrop

First Step

Altair will be airdropping 61% of the total supply to CFG holders.

Second step

A snapshot was taken at block number #6650475.

Third Step

Users who’ve held CFG in a normal account, a multisig account, or in a proxy account were eligible.

Fourth Step

Eligible holders will get free AIR at a ratio of 1 AIR : 1 CFG to their corresponding address on Altair.

Fifth Step

The rewards will be distributed once the Altair network is live and has secured its parachain slot.

Six Step

For more information regarding the airdrop, see this Medium article.

Pushing the Limits on Kusama

Altair combines the industry-leading infrastructure built by Centrifuge to finance real-world assets (RWA) on Centrifuge Chain, with the newest experimental features — before they go live on Centrifuge Chain. Even once Centrifuge is fully live on Polkadot, Kusama will be used for minting art NFTs, financing undiscovered assets, and whatever else the Kusama community brings to the table.

AIR: The Altair Network Token

  1. Govern Altair Development
  2. Pay for transaction fees
  3. Secure the chain
  4. Reward adoption

How the P2P Network works

The Centrifuge peer-to-peer (P2P) network provides a secure method to create, exchange and verify asset data between collaborators and tokenize the assets into NFTs. Asset originators can selectively share asset details with service providers who can asses the data and contribute information to the minted NFT. The data origin can be verified using cryptographic signatures.

The components of the P2P network are implemented on libp2p. Centrifuge Chain is used for (i) maintaining identities in a similar format to the ERC725 standard, (ii) anchoring state commitments and (iii) minting NFTs from off-chain documents. These NFTs can be bridged to Ethereum to be locked as collateral into Tinlake to finace these assets.

Centrifuge Node

Altair Airdrop Each collaborator runs or accesses a hosted Centrifuge node to connect to the network. The Centrifuge node provides a simple API interface to interact with the p2p network, the Centrifuge chain as well as the Ethereum smart contracts. The Node operates on a “service bus” principal where plugins and outside systems can subscribe to messages about specific objects (e.g., a procurement application can subscribe to changes of order objects). The P2P Node abstracts the events that occur on the public blockchain, sidechain, and P2P Layer and translates them into messages on this internal bus for other applications to consume. The Node also offers the connectivity to Ethereum for applications that build on top of the network.

Running your own Validator

Here’s a quick guide to get started validating Centrifuge Chain Amber or Flint testnets.

  1. Open the [Centrifuge Chain Portal ](https://portal.chain.centrifuge.io]
  2. Create a new key pair for your validator – a stash account (Vanessa Stash in this example) that is holding the funds to be staked/bonded and can transfer them, and a separate controller account (Vanessa in this example) that will be able to switch between validating/nominating/chilling and can set session keys, which will be used for the validator tasks such as block proposals, finalization etc:

Centrifuge Utility

Centrifuge is more than a traditional network token. Because basic functionality is delegated to Polkadot, the CFG token can be used for Centrifuge-specific utility. CFG functions differently, and is used for both standard network functions such as chain security and transaction fees – as well as unique utility including on-chain governance. Users have incentives to participate in the network through Centrifuge token rewards. As a result, the users of Centrifuge are directly empowered to operate, control, and gain value from the platform.

Governance

Altair Airdrop holders participate in governance through on-chain voting. Token holders have the ability to make decisions to upgrade the chain, including to add new functionality, or amend the fee structure. This includes control over how the chain implements the Tinlake functionality such as risk models, liquidity provision, and reputation for participating entities.

Transaction Fees

Transaction fees are paid in CFG by users for: anchors, NFT minting, Tinlake financing transactions, and many more functionalities to come. A percentage of transaction fees will be distributed to collator nodes, and the remainder will be burned at a rate set by on-chain governance.

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