Look no further with a chance to “Learn & Earn” giveaway by Gnosis Builders and Pillar Wallet and get a chance to share the prize pool of $600 in xDAI! Enter the giveaway from February 21 till February 28!
NOTE: every participant will get a free NFT POAP!
You will learn
- how to use a self-custodial smart wallet
- what smart contract wallet deployment means
- how to transact on Gnosis Chain
- how to get free $xDAI
Of course, you will have the opportunity to get rewards!
Let’s start learning! What are Smart Contract Wallets?
Smart contract wallets are special types of digital wallets that use smart contracts to keep your private keys safe. Smart contracts are like computer programs that automatically carry out certain actions when certain conditions are met. In the case of smart wallets, the private keys that give you access to your digital assets are stored in a smart contract. Only you, the owner, can access these private keys using a password or biometric data. This added security eliminates the need for a middleman and gives you full control and ownership of your digital assets.
In Pillar wallet you can hold your own assets, this means you are in control of your own funds, not relying on a third party like a centralized exchange!
At the same time, Pillar Wallet users can perform cross/single chain swaps, pay gas fees with stablecoins instead of native tokens, interact with DeFi protocol via the in-app browser & not worry about security, and much more! Everything is available in the Pillar mobile app.
Gnosis Chain is an EVM chain, and one of the first Ethereum sidechains. By allowing contributors globally to easily run a node, Gnosis Chain is secured by over 100k+ validators. Its diverse validator network and community governance ensure Gnosis Chain remains credibly neutral, secure, and decentralized.
To a Gnosis Chain user, this means far cheaper (500 tx for $.01) and quicker (5 seconds) transactions. Gnosis Chain is home to apps like Safe, Cowswap, POAP, Bookmaker, Mithraeum and a wide set of infrastructure and tools such as Etherspot, Zodiac, Stereum, HOPR. It operates with a dual token model; xDAI as the stablecoin used for gas fees and transaction, GNO as the staking and governance token.
Smart Contract Wallet Deployment on Gnosis
Since Pillar Wallet is a smart contract wallet, users need to activate it first. The activation deploys an individual smart contract to the blockchain and requires a gas fee payment.
Pillar subsidises the deployment (activation) of all Gnosis smart wallets in the Pillar app. Pillar has recently introduced the automatic deployment of wallets on the Gnosis chain. This means users can download Pillar Wallet and start using their smart wallet right away!
You learned the theory, now it’s time to practice!
How to participate
Enter the “Learn&Earn” giveaway here and complete simple steps from February 21 till February 28.
NOTE: To pass all the steps successfully, follow the tips below! 👇
30 lucky participants who completed all the steps successfully will be randomly selected and shared the prize pool of $600 in xDAI. All the winners will be notified via Twitter or Telegram of the prize redemption process within five working days after the giveaway has ended.
Every participant will get a free NFT POAP!
By participating in this giveaway you’ll be learning valuable skills in using self-custodial smart wallets and the Gnosis chain.
So what are you waiting for? Join the “Learn & Earn” giveaway today and start exploring the world of DeFi! 🚀🌕
Tips for participants
How to make a swap on Gnosis chain:
1.Download Pillar Wallet
2. If you have funds on your another wallet. Send less than a dollar in tokens on Polygon or Gnosis chain (we cover the activation fee) to your Pillar Smart Wallet account. To find you crypto address, open your Pillar Wallet -> tap “Receive” -> tap “Address”. It’ll be copied to your clipboard.
-Alternatively, if you don’t have funds in your Pillar Wallet you can use the option to add cash via Ramp Network/Wert.io.
3. When the funds arrived to your wallet click “Swap” and make a single chain (the exchange tab) or cross-chain swap to/on Gnosis Chain (single chain swap will be cheaper). Watch this video.
Join the giveaway right now! If you have any questions feel free to contact our team on Telegram or Discord.
Gnosis Builders channels:
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Our Other Tools & Developments: Etherspot | BUIDLer Component | Etherspot Dashboard | AirdropMe