Ceitnot

Ceitnot Protocol is a Collateralized Debt Position (CDP) protocol built on the Arbitrum network. The platform allows users to deposit various crypto assets as collateral to mint $ceitUSD, a decentralized stablecoin. To maintain its peg without relying on open-market arbitrage, Ceitnot utilizes a Peg Stability Module (PSM) that enables direct swaps between $ceitUSD and other stablecoins. The project has confirmed an incentivized testnet phase, allowing users to participate without risking real capital while positioning themselves for a confirmed token distribution.

How to Participate in the Ceitnot Airdrop

1. Connect to the Testnet: Visit the Ceitnot Testnet application and connect a compatible Web3 wallet, such as MetaMask, Rabby, or Coinbase Wallet. Ensure your network is set to Arbitrum Sepolia.
2. Acquire Testnet Assets: Navigate to the Faucet tab within the dApp to claim mock collateral tokens needed for testing.
3. Open a Vault: Go to the Borrow or Engine section, select your testnet collateral asset (such as mock ETH), and deposit it into a vault to mint $ceitUSD. Ensure you keep your collateralization ratio safely above the minimum liquidation threshold to prevent your mock position from being liquidated.
4. Interact with the Peg Stability Module (PSM): Go to the Swap or PSM tab. Swap mock stablecoins like USDC or USDT into $ceitUSD and back to test the peg mechanism. Please verify the token approval amount; authorize only the specific amount required for the transaction.
5. Complete Social Tasks: Join the official Ceitnot community channels on Twitter/X, Telegram, and LinkedIn to complete the social quest requirements. Maintain your active vault positions over time and use a single wallet address consistently to ensure your activity is properly recorded before the snapshot.

Potential Reward

The Ceitnot Protocol team has allocated a pool of 50,000 $CEITNOT tokens, representing 3% of the total token supply, specifically for testnet participants. The Token Generation Event (TGE) date and vesting schedule are currently to be announced.

Airdrop Requirements

To qualify for the token distribution, users must perform on-chain interactions on the Arbitrum Sepolia testnet, including minting faucet tokens, opening vaults, minting $ceitUSD, and using the Peg Stability Module. Additionally, participants must complete designated social tasks on the protocol's official social media channels before the snapshot is taken.

Latest Ceitnot Airdrop Updates

The Ceitnot Protocol testnet campaign is currently ongoing, allowing users to complete testnet transactions and social quests prior to the unannounced snapshot date.

Risk

Because the campaign runs entirely on the Arbitrum Sepolia testnet, there is no risk of losing real funds. However, users should remain aware of standard smart contract risks associated with experimental testnet protocols, potential mock liquidations if vault ratios are neglected, and basic wallet security practices when connecting to new decentralized applications.

FAQ

Is the Ceitnot testnet airdrop free to join?

Yes, the testnet runs on Arbitrum Sepolia and uses mock tokens, meaning you do not need to spend any real cryptocurrency to participate.

When will the $CEITNOT token be launched?

The Token Generation Event (TGE) date and vesting schedule have not yet been announced by the project team.

How will the testnet rewards be calculated?

While 3% of the total supply (50,000 $CEITNOT) is allocated for testnet users, the exact distribution criteria, such as point systems or tiers, have not yet been disclosed.

[Data sources: official website, project social links]