Cryptopedia is a dynamic platform designed to help users explore decentralized applications (DApps) and earn rewards through interactive tasks. Each season focuses on different blockchain ecosystems, offering participants opportunities to engage with emerging projects. Season 23, launched in collaboration with Babylon and its restaking ecosystem, provides users with a chance to earn token and point rewards valued at over 150,000 USDT.
This guide covers everything you need to know about the event, from task completion to project backgrounds, ensuring you can participate effectively and maximize your rewards.
Event Overview and Key Details
Cryptopedia Season 23 is centered around the Babylon ecosystem, a project focused on building a decentralized world secured by Bitcoin. Participants can complete various interactive tasks from Babylon and its partner projects to qualify for rewards.
The event began on August 16, 2024, and will run until December 20, 2024, at 18:00 UTC+8. All tasks must be completed and validated within this period to be eligible for rewards.
Rewards Structure
Participants stand to gain from a pooled reward of over 150,000 USDT in tokens and ecosystem points. These rewards are distributed by Babylon and its partner projects, each offering additional incentives for completing specific tasks.
How to Participate in Cryptopedia Season 23
To take part in this event, follow these steps:
- Ensure you have the OKX Wallet app installed, with version 6.78.0 or higher. Open the app and switch to your Web3 Wallet.
- Create a new wallet or import an existing one. Navigate to the Discover section at the bottom of the app.
- Locate and select the Cryptopedia banner or section, often titled “Experience DApps and Earn Rewards.”
- Choose Season 23: Babylon to view all available interactive tasks from partnering projects.
- Complete the tasks listed for the projects you are interested in. After finishing a task, wait at least 10 minutes for the transaction to be recorded on the blockchain.
- Return to the Cryptopedia interface and click the Verify button to confirm task completion.
It is highly recommended that you complete all verifications well before the event deadline to avoid last-minute issues like network congestion or data sync delays.
Interactive Tasks and Partner Projects
Here’s a breakdown of the tasks for each participating project and the rewards they offer.
1. Babylon
- Task: Follow Babylon’s official X account.
- Reward: Eligibility for Babylon’s reward pool.
2. B² Network
- Task 1: Follow B² Network’s official X account.
- Task 2: Participate in B² Network’s ‘Farming Strategy 2’.
- Reward: A share of 100,000 USDT in B² tokens.
3. Chakra
- Task 1: Follow Chakra’s official X account.
- Task 2: Participate in Chakra’s Babylon pre-staking.
- Reward: A share of 50,000 USDT in Chakra tokens.
4. Bedrock
- Task 1: Follow Bedrock’s official X account.
- Task 2: Hold the equivalent of 10 USDT in uniBTC on the Optimism blockchain.
- Reward: 5,000,000 Bedrock Diamond points.
5. Pencils Protocol
- Task 1: Follow Pencils Protocol’s official X account.
- Task 2: Retweet the collaborative activity announcement between Pencils Protocol and Cryptopedia on X.
- Reward: A share of 10,000 USDT in DApp tokens.
6. Pell Network
- Task 1: Follow Pell Network’s official X account.
- Task 2: Stake a minimum of 0.0001 in btcb, solvBTC, SolvBTC.BBN, or stBTC on the BNB Chain into Pell Network.
- Reward: A share of 100,000 USDT in PELL tokens.
7. SatLayer
- Task 1: Follow SatLayer’s official X account.
- Task 2: Hold a minimum of 0.001 BTC in equivalent assets on SatLayer.
- Reward: A share of 88,000 USDT in tokens.
8. PumpBTC
- Task 1: Follow PumpBTC’s official X account.
- Task 2: Stake a minimum of 0.0001 BTC assets on the Ethereum mainnet via PumpBTC.
- Reward: A share of 50,000 USDT in PUMP tokens.
9. Fiamma
- Task 1: Follow Fiamma’s official X account.
- Task 2: Retweet the collaborative activity announcement between Fiamma and Cryptopedia on X.
- Reward: A share of 10,000 USDT in FIAMMA tokens.
10. Lorenzo Protocol
- Task 1: Follow Lorenzo Protocol’s official X account.
- Task 2: Stake the equivalent of at least 10 USDT in BTCB on the Lorenzo DApp.
- Reward: 2,000,000 Lorenzo points plus a 20% bonus.
11. Solv Protocol
- Task: Complete the staking process for SolvBTC.BBN.
- Reward: 100,000,000 Solv points.
12. Lombard
- Task 1: Follow Lombard’s official X account.
- Task 2: Stake BTC to mint LBTC on the Ethereum blockchain.
- Reward: 2x Lux points and a one-time bonus of 1,000 Lux points per user.
- Note: Tasks for Lombard became active on November 15, 2024.
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Important Participation Notes
- Babylon Staking: The official Babylon staking protocol had not commenced at the event's start. All final rewards from Babylon will be distributed based on its mainnet launch and terms.
- Transaction Times: Bridging BTC across different networks can take up to 30 minutes due to Bitcoin block confirmation times. Plan your tasks accordingly.
- Task Verification: You must manually verify each completed task in the Cryptopedia interface. Interactions that are completed but not verified will not be eligible for rewards.
- Verification Delay: Allow at least 10 minutes after completing a task before attempting verification. Avoid verifying tasks at the last minute to prevent failures caused by blockchain latency.
- Terms and Conditions: OKX reserves the right to disqualify any participant suspected of abusive or dishonest practices, such as creating multiple wallets for extra rewards or engaging in wash trading. All rewards are distributed at the sole discretion of OKX and its partners.
Introduction to Partner Projects
Understanding the projects you're interacting with can enhance your experience.
- Babylon: Develops a trustless, self-custodial Bitcoin staking protocol, allowing Bitcoin holders to earn yield on Proof-of-Stake systems without relying on third-party custodians or bridges.
- B² Network: A modular Bitcoin Layer2 solution featuring B² Rollup and B² Hub, aiming to bring scalable functionality to the Bitcoin network.
- Chakra: A modular settlement infrastructure using zero-knowledge proofs for secure and efficient trustless settlements, integrating scattered Bitcoin liquidity.
- Bedrock: A multi-asset liquidity restaking protocol supported by top investors, offering products like uniBTC on Babylon and uniETH on EigenLayer.
- Pencils Protocol: A native DeFi protocol on Scroll that integrates innovative products like liquidity mining, yield vaults, and auctions.
- Pell Network: Builds a full-chain trust network based on BTC Restaking, repurposing idle BTC LSDs for decentralized validation services.
- SatLayer: Unlocks Bitcoin's potential by restaking it on Babylon to provide cryptoeconomic security for the broader ecosystem, backed by leading VCs.
- PumpBTC: Babylon's liquid staking solution, focused on bringing DeFi to the Bitcoin ecosystem.
- Fiamma: Aims to realize Bitcoin's potential as a pillar of decentralized internet security, known for its work on optimistic ZKP verification via BitVM2.
- Lorenzo Protocol: A leading Bitcoin liquidity aggregator that offers a range of Bitcoin-backed financial products and yield-generating tokens.
- Solv Protocol: A unified liquidity layer for Bitcoin, addressing liquidity fragmentation through its SolvBTC product, which connects Bitcoin's economy to DeFi.
- Lombard: Develops LBTC, a universal Bitcoin liquidity standard designed for the DeFi ecosystem.
Frequently Asked Questions
What is Cryptopedia?
Cryptopedia is a one-stop platform within OKX Wallet for discovering DApps and earning rewards. It regularly hosts events with different blockchain themes and partner projects, allowing users to complete tasks and learn about Web3 without high search costs, even in their spare time.
I completed a task but forgot to verify it. Can I still get the reward?
No. You must manually click the 'Verify' button in the Cryptopedia interface after completing a task and waiting for the on-chain data to sync. Unverified tasks are not eligible for rewards.
Why do I have to wait 10 minutes before verifying a task?
This waiting period allows the transaction to be confirmed and recorded on the blockchain. Attempting to verify immediately may fail because the data is not yet available.
Can I use multiple wallets to participate and get more rewards?
No. OKX explicitly prohibits abusive behaviors, including using multiple wallets to gain an unfair advantage. Participants found doing this risk being disqualified from this and future events.
When and how will I receive my rewards?
Rewards may be distributed during the event period or at a later date at the organizer's discretion. They are typically sent directly to your wallet address, though some may require manual claiming. The value of rewards can fluctuate due to market conditions.
Is there a cost to participate?
While the tasks are free to complete, you are responsible for all associated network gas fees and transaction costs required to interact with the DApps and blockchains.
What is Bitcoin restaking?
Bitcoin restaking is a new concept pioneered by ecosystems like Babylon. It allows users to stake their Bitcoin to provide security for other protocols (like PoS chains or L2s) and earn additional yield, all without giving up self-custody of their assets.
Terms, Conditions, and Disclaimer
Participation in this event is subject to OKX's full Terms and Conditions. Key points include:
- The event is not an offer or solicitation to buy, sell, or trade digital assets.
- Digital assets are volatile and high-risk; participants could lose the entire value of their assets.
- OKX and the event organizers reserve the right to modify, suspend, or terminate the event at any time without prior notice.
- Participants are solely responsible for any taxes, fees, or costs associated with receiving and using rewards.
- The official language of the terms is English; any translations are provided for convenience only.
For the most current and comprehensive information, always refer to the official terms on the OKX website.