How to Get the Hydra Airdrop and Start Staking for 60%+ APY
UPDATE: The HYDRA Airdrop is now closed to new participants.
The team behind LockTrip recently launched the Hydra blockchain, along with an amazing airdrop opportunity for holders of LOC (the LockTrip token). In order to receive the full airdrop over 50 weeks, there are certain requirements. Make sure you read the instructions carefully (detailed requirement info here).
Before you begin
I strongly recommend signing up for LockTrip. LockTrip is a travel marketplace offering up to 60% savings off hotel accommodation, created by the makers of HYDRA chain. By signing up and booking hotels there, you are supporting the Hydra Chain and LockTrip, since 3% of every booking’s value is used to buy and burn the LOC token, and every transaction uses HYDRA! You can also become an affiliate and earn a lifetime 3% commission for all of your referrals’ bookings! 😀
Step 1 – Get some LOC
If you already have some LOC on the Ethereum blockchain (ERC20 LOC), you need to swap it before continuing. Follow these instructions to perform the swap. You can track the progress of your swap here. Once you have completed the swap, go to Step 3.
If you already have some HYDRA (HRC) LOC that you bought recently, you don’t need to perform the swap. If it’s in your own wallet, go to Step 3. If it’s on an exchange, go to Step 2.
If you don’t yet have any LOC, head to Kucoin to get some! It’s also available on hitbtc or bitcoin.com. All LOC on exchanges is HYDRA (HRC) LOC, so can be withdrawn directly to your HYDRA wallet (Step 2).
Step 2 – Get a HYDRA Wallet
You cannot participate in the HYDRA airdrop with your LOC on an exchange. You must withdraw it to your own HYDRA wallet (send your LOC to your HYDRA receive address). There are two options for storing your LOC in a HYDRA wallet: the webwallet or the installable wallet. The main difference between the two is the installable wallet can be used to stake your HYDRA once received. The webwallet cannot be used for staking. If you’re using the installable wallet, make sure to add the LOC token contract information so you can view your LOC balance.
Step 3 – Complete KYC
The law under which LockTrip operates requires that you complete KYC in order to receive the HYDRA airdrop. Unfortunately there are some countries (including the USA) which are prohibited. You can complete KYC here. You will need to enter your HYDRA wallet address that contains your LOC from Step 1 / 2. Note that driver’s licenses are not a valid form of ID. You will need a passport or national ID card. You can check the progress of your KYC here, under “KYC Status”.
Once you have completed steps 1~3, all you have to do is wait for your HYDRA to arrive!
PLEASE NOTE: Now that the airdrop has begun, any new LOC additions and new KYC submissions will enter a four week “cool down” period. You will begin receiving the HYDRA airdrop after the cool down period (for those new LOC).
Step 4 – Stake Your HYDRA (Optional)
Staking is not required to receive the airdrop, however it’s a great way to further capitalise on it. Using a raspberry pi is a great way to do this, and it’s actually much simpler than setting up AWS. Other options include installing the staking wallet on your PC (Windows or Linux) or Mac, or on a hosted server such as AWS. If you are staking on your own computer, it must be left on 24/7. Check our staking guide here.
It’s also possible to stake on Kucoin’s pool-x staking pool. A regular payout is guaranteed, however the APY is lower than staking yourself. In addition, if you send more than a certain % of your airdropped HYDRA to pool-x to stake, you will disqualify yourself from the remaining HYDRA airdrops. The amount of HYDRA you must keep in your wallet each week is shown in the distribution sheet‘s 5th column (“Week xx Minimum HYDRA Balance”).
Step 5 – Sign up for LockTrip
While you’re here, I strongly recommend signing up for LockTrip! LockTrip is a travel marketplace offering up to 60% savings off hotel accommodation, created by the makers of HYDRA chain. If you refer people to LockTrip, you will receive 3% of their future booking payments, forever! Read more here. LockTrip is also the first project to utilise the HYDRA blockchain.