The Rabbit Hole platform is an application that allows you to discover new projects on the blockchain. Better yet, you can earn tokens by completing (simple) tasks.
Since 2020, decentralized finance has taken off. Hundreds, if not thousands, of applications and protocols have emerged. There is an ever-wider choice of applications and it is becoming less and less obvious to make consistent choices.
?️ So, if the name rabbit hole can be scary – especially for those who experienced the madness of Wonderland (TIME) – then you can read on.
Rabbit Hole Overview
RabbitHole is a platform open to everyone. Users can gain experience, increase their levels and earn multiple rewards.
In fact , the Rabbit Hole platform offers two distinct paths:
- Skills: Here, the user will have to carry out concrete tasks (mint an NFT, discover a protocol, participate in a DAO, etc.). This is how he gains concrete experience on decentralized applications.
- Quest: This is how the user can earn tokens of different protocols. He will have to answer questions about a given protocol or a network. For example, Rabbit Hole offered rewards ( crypto AVAX) on the question of Avalanche.
Likewise, the tasks offered to users are rather pleasant and easy to carry out.
Better yet, Rabbit Hole primarily wants to be a learning platform. Users can acquire skills in key blockchain concepts.
Thus, short videos are presented along with simple explanations of NFTs, DAOs, and DeFi in general. However, it's important to understand that this involves skills. Therefore, the user must perform specific actions on DApps.
What types of skills can one learn?
First, of course, you'll need to connect your crypto wallet. Ideally, we recommend Metamask.
Next, you will need to choose the type of quest you want.
For example, in the NFT section, the user must either mine an NFT on the Zora platform or join PartyBid.
The tasks are intended to be fun and clearly explained, even for a novice. Click on the "Details" tab to learn the procedure to follow.
What is the end goal of Rabbit Hole?
It's good to ask yourself why an app exists. Rabbit Hole is no exception. Finally, the Rabbit Hole site was created to counter several obstacles in DeFi, namely:
- The problem of lack of incentive for new protocols.
- Few people want to test an application for fear of coming across a scam.
- It is not always easy to understand the purpose of an application or how to use it.
In fact, the Rabbit Hole team selects and hand-picks apps. The idea is to offer reliable and long-lasting applications.
Can you earn a lot of tokens with Rabbit Hole?
This is not the kind of platform that is going to make you rich overnight. However, for learning in a fun way, it is a very good site.
Likewise, you can earn tokens easily. And, the chosen tokens come from serious and reliable projects. These are therefore not tokens to be neglected.
(You can also stay up-to-date on new protocols for different networks on sites like DeFiLlama. )
Note: No financial advice is given in this article or any other article on ZoneBitcoin . This information is entirely your own judgment. Be responsible for your investments and only invest an amount you are prepared to lose.
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