ETHGas Raises $12M. Here is How You Can Farm ETHGas Airdrop

ETHGas secured $12 million in funding to build a gas futures marketplace on Ethereum. The project launched an airdrop campaign where users can claim “Beans” based on their historical gas spending and participation in platform quests. Vitalik Buterin recently reignited conversations about gas futures on Twitter, bringing fresh attention to the concept. If you’ve been paying Ethereum gas fees over the years, you might already qualify for rewards. Here’s how to claim your ETHGas airdrop and maximize your Bean allocation.

What Are ETHGas Beans and How Do They Work?

ETHGas uses a system called “Beans” to track user participation. Think of Beans as points that could convert into actual tokens later, though the team hasn’t confirmed exact distribution details yet.

You earn Beans primarily from your past gas spending on Ethereum since the Beacon Chain launch. The platform generates a Gas Report showing how much you’ve spent on transactions historically. People who’ve been active on Ethereum for years automatically qualify for Beans based on this history.

Additional Beans come from connecting wallets, sharing content on Twitter, joining their Discord and Telegram communities, and referring other users. The referral program has milestone caps at 20, 50, and 100 referrals, with rewards scaling at each tier.

Also Read: What is the Ethereum Virtual Machine (EVM) and How It Works?

Step-by-Step: How to Claim Your ETHGas Airdrop

Getting started takes about 10 minutes if you have a wallet ready.

Generate Your Gas Report

Head to the official ETHGas website and connect your Ethereum wallet. MetaMask works best, but any Web3 wallet should function fine. The platform will scan your wallet’s transaction history going back to the Beacon Chain era.

Your Gas Report shows total gas spent over time. This number directly translates into Beans. If you’ve been using Ethereum for DeFi, NFTs, or regular transfers, you probably have substantial gas history already. No action needed beyond connecting your wallet.

Claim Your Historical Beans

Once your Gas Report loads, hit the claim button to add those Beans to your account. This is retroactive, meaning you’re getting credit for gas fees you already paid months or years ago.

People with multiple wallets should connect each one separately. The system tracks each wallet individually, so connecting multiple addresses isn’t considered risky behavior. In fact, if you spread your activity across different wallets, claiming from all of them makes sense.

Complete Platform Quests

Beyond historical gas, ETHGas offers quests that award additional Beans. These tasks change regularly but typically include social media actions and platform exploration.

Current quests involve following their Twitter account and sharing announcement posts. You’ll also get Beans for joining their Discord server and Telegram channel. These are one-time tasks that take maybe five minutes total.

Check the quest section of their dashboard weekly. New tasks appear periodically, and finishing them early sometimes comes with bonus multipliers.

Use the Referral System

Generate your unique referral link from the dashboard. When someone signs up through your link and connects their wallet, you both earn Beans. The system has milestone rewards at 20, 50, and 100 successful referrals.

Share your link strategically in crypto communities, on Twitter, or in group chats with people who actually use Ethereum. Quality matters because only users who connect wallets and have a gas history count toward your milestones.

The milestone structure means your first 20 referrals matter most. After hitting 20, you’ll need to reach 50 for the next bonus tier. Focus on getting those initial referrals rather than spam-sharing everywhere.

What About the Trading App?

ETHGas mentions a trading app for blockspace markets on their site. This appears to be separate from the Bean airdrop system. The Trading App might be a testnet or early version of their gas futures platform, but there’s no confirmed link between trading activity and Bean allocation.

Right now, the airdrop focuses on gas history and quest completion. Don’t worry about needing to trade or understand complex futures contracts to qualify for Beans.

Vitalik’s Take on Gas Futures

Buterin posted about gas futures recently, revisiting ideas he originally proposed years ago. He talked about how these instruments could help users and developers plan costs better when Ethereum gas prices swing wildly.

He also pointed out challenges like building reliable oracles and preventing market manipulation. Buterin didn’t specifically endorse ETHGas, but his commentary gave the entire concept more legitimacy.

When Ethereum’s co-founder discusses your project’s use case, it tends to drive attention. That’s exactly what happened here, with traffic spiking to ETHGas after his thread went live.

Also Read: Vitalik Proposes the Future of Gas Fees on Ethereum

Common Mistakes That Cost You Beans

Don’t skip connecting all your wallets. If you’ve used Ethereum across multiple addresses, each one has separate gas history. Leaving wallets unconnected means leaving Beans on the table.

Another mistake is ignoring the referral program. Those milestone bonuses add up significantly. Even if you only hit the 20-referral tier, that’s a meaningful boost to your total Bean count.

People also forget to check back for new quests. The team adds tasks periodically, and early completers sometimes get bonuses. Set a reminder to check the dashboard weekly.

What Beans Might Be Worth

Here’s where things get speculative. Beans currently have no cash value. They’re essentially IOUs that might convert into actual tokens later.

ETHGas hasn’t confirmed token economics, distribution ratios, or whether Beans will even convert 1:1 to tokens. The $12 million funding suggests serious backing, but that doesn’t guarantee token value at launch.

Looking at similar airdrops, active participants might see anywhere from $50 to $500 in value if tokens launch and hold initial prices. Top farmers with tons of gas history and maxed referrals could potentially see four figures. But this is pure guesswork without official numbers.

Many airdropped tokens crash 70-90% right after distribution when everyone rushes to sell. Factor that into your expectations. The time you spend farming should align with realistic potential returns.

Timeline and What to Expect

ETHGas hasn’t announced a mainnet launch date or token distribution timeline. The Bean campaign is running now without a specified end date.

Beans suggests the team is planning retroactive token eligibility for participants. But until they confirm details, treat this as positioning yourself for potential future rewards rather than guaranteed payouts.

Gas rebates are another possibility. The platform might use accumulated Beans to offer discounts or rebates on future gas costs through its marketplace. This would give Beans utility even without a traditional token launch.

For now, claim your historical Beans, knock out the available quests, and grab some referrals. Then wait for official announcements about what comes next.

Why Gas Futures Actually Matter

Understanding the underlying product helps you evaluate whether this airdrop is worth your time beyond speculation.

Ethereum gas fees swing wildly. Costs can be $5 one day and $50 the next during high network activity. This unpredictability makes it nearly impossible to budget for on-chain activities.

Gas futures would let users lock in prices ahead of time. A DeFi trader preparing for a protocol launch could secure reasonable gas rates weeks early. An NFT collector could hedge against mint-day gas wars. Developers could budget smart contract deployments with actual certainty.

Whether enough demand exists for this product remains unclear. Layer 2 solutions are reducing mainnet gas costs for many users. If scaling solves the problem entirely, the market for gas futures might never materialize. But for now, gas volatility is still a real pain point.

How do I claim Beans from the ETHGas airdrop? 

Connect your Ethereum wallet to the official ETHGas website. The platform automatically generates a Gas Report showing your historical gas spending and awards Beans accordingly. Complete additional quests and referrals to earn more Beans.

Will Beans convert to actual tokens? 

ETHGas hasn’t confirmed token conversion details yet. Beans currently have no cash value, but suggest positioning for potential future token distribution or gas rebates. Monitor official announcements for updates.

Can I connect multiple wallets to claim more Beans? 

Yes, connecting multiple wallets is encouraged since each wallet has a separate gas history. The system tracks each address individually, so claiming from all your active wallets makes sense.

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