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 of rabbit hole can be scary – especially those who have experienced the madness of Wonderland (TIME)-, then you can read more.
Rabbit Hole Overview
RabbitHole is a platform open to everyone. Users can gain experience, increase their levels and earn multiple rewards.
? In fact, the platform Rabbit Hole offers two distinct routes:
- 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 as well as simple explanations on the NFTs, DAOs and DeFi in general. However, you should know that we are talking about skills. Thus, the user must then execute concrete actions on Dapps.
What types of skills can one learn?
First, of course, you will need to connect with 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 mint 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 be kept up to date with new protocols for different networks on sites like DeFiLlama.)
Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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