Note Systems Airdrop Guide: Earn Testnet Points and a Diamond Note NFT

Disclaimer: Crypto airdrops are promotional events in which tokens are distributed to existing cryptocurrency holders or individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Airdrops can also be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.

Note Systems has launched a testnet rewards campaign on Robinhood Chain, letting users experiment with onchain structured notes using free mock assets while earning points, streak multipliers and a Diamond Note NFT.

The campaign centers around two positions, COUPON and SHIELD. Users can take either side of a structured note, keep the position active through observation periods and build points based on the value and duration of the position.

The current testnet points are display-only and do not convert into NOTE. An earlier official post said seasonal points would convert into NOTE, but the current Community page says any future mainnet points conversion will be announced separately.

The current campaign is useful for building activity and learning the protocol, but it should not be treated as a confirmed NOTE airdrop.

What Is Note Systems?

Note Systems is an onchain structured-products protocol built on Robinhood Chain.

Its main product is based on autocallable barrier notes, a type of structured product that links returns to the performance of an underlying asset.

Note Systems brings that model onchain using tokenized stocks and stablecoins. The protocol has two main positions:

COUPON: Users deposit USDG and earn yield in exchange for taking defined downside risk.
SHIELD: Users deposit US stock tokens and pay for downside protection.

The system matches stablecoin holders seeking yield with stock token holders who want protection against large price declines.

The protocol also includes staking, governance, Treasury Bonds and a liquidity Desk.

Its native NOTE token has a stated maximum supply of 100 million. NOTE can be staked for sNOTE to participate in protocol revenue and locked as veNOTE for governance.

Is the Note Systems Airdrop Confirmed?

Note Systems has an active Points system, but its current Community page says testnet Points do not convert into NOTE.

Note Systems Reward Details	Current Status
NOTE maximum supply	100 million
Testnet Points	Active
Testnet Points convert to NOTE?	No, according to the Community page
Future mainnet Points conversion	Not yet announced
Diamond Note NFT	Confirmed at 12-observation streak
Community / ecosystem / Treasury allocation	12 million NOTE
Confirmed airdrop allocation	Not disclosed

Table 1. Note Systems Testnet and NOTE Reward Status

The 12 million NOTE allocation for ecosystem, community and Treasury use leaves room for future incentives, but it is not the same as a confirmed airdrop allocation.

How to Be Eligible in the Note Systems Airdrop?

There are no confirmed NOTE token eligibility rules for the current testnet campaign.

Users can still build activity by creating COUPON or SHIELD positions, maintaining observation streaks and earning testnet Points.

The current campaign rewards users based on the following:

Position size
Time the position remains active
Barrier settings
Observation streaks
Claim-date holding
Participation across multiple notes
Eligible NOTE/ETH liquidity provider positions

The strongest confirmed reward is the Diamond Note NFT, which unlocks after a 12-observation streak.

If Note Systems later launches a mainnet points conversion, the project says those terms will be announced separately.

If you are tracking other campaigns besides Note Systems, our airdrops page covers the active campaigns worth watching right now.

How to Participate in the Note Systems Airdrop

The current campaign runs on Robinhood Chain testnet and uses free mock assets, so users can test the protocol without risking real trading capital.

Connect to the Robinhood Chain Testnet

Open the official Note Systems testnet portal and connect an EVM-compatible wallet.

Switch the wallet to the Robinhood Chain testnet.

Use the QuickNode Faucet to claim testnet ETH for gas.

Then use the Note Systems faucet to claim 1,000 mock USDG and a mock stock token such as AAPL, AMZN or TSLA.

Using a separate wallet for testnet activity is a sensible precaution, especially because Note Systems has not completed an independent third-party audit.

Choose a Structured Note

Open the Notes section and review the available series.

Each note can have different terms, including:

Underlying Stock Token
Barrier
Estimated yield
Observation schedule
Maturity date
Autocall level

Choose the series that matches the type of test you want to run.

Open a COUPON Position

COUPON is the yield side of the structured note. Users deposit USDG and earn weekly yield in exchange for accepting downside risk.

For example, suppose a stock token is priced at $100 and the note has a 65% barrier.

Depositing 1,000 USDG gives exposure to 10 stock tokens.

If the stock remains above the required conditions during observations, COUPON receives the scheduled yield.

If the stock finishes below the barrier at maturity, COUPON receives the 10 stock tokens instead of the original 1,000 USDG principal.

That means COUPON is not simply a fixed-yield deposit. The user is accepting the risk of receiving the underlying stock tokens if the barrier condition is breached.

Open a SHIELD Position

On the other hand, SHIELD is the protection side. Users deposit stock tokens and pre-fund the yield paid to COUPON holders in exchange for protection against a large downside move.

Using the same example, 10 stock tokens worth $100 each represent 1,000 USDG of notional value.

If the stock remains above the barrier, SHIELD continues paying the scheduled yield.

If the stock finishes below the barrier at maturity, SHIELD delivers the 10 stock tokens and receives the original 1,000 USDG notional.

This means SHIELD sacrifices some upside through prefunded yield in exchange for downside protection.

Keep the Position Active to Earn Points

Once the position is open, testnet points begin accumulating. Points depend on the position’s value and how long it remains active.

Barrier settings can also affect the multiplier. The longer a qualifying position survives through scheduled observations, the more valuable the streak becomes.

How Autocall Works

Positions can also end before the scheduled maturity date.

If the underlying stock token reaches or exceeds the Autocall price on a scheduled observation date, the note closes early.

When that happens:

COUPON receives its USDG principal plus the applicable yield.
SHIELD receives its stock tokens back plus any unused prefunded yield.

That makes the observation schedule important because the position may not remain open until final maturity.

Additional Points Bonuses

Note Systems also offers several extra ways to increase testnet Points.

Hold Through the Claim Date

Keeping a position open through its claim date provides a +50% Points bonus.

Participating in at least three different notes provides a +25% Points bonus.

Hold an Eligible NOTE/ETH LP Position

An eligible NOTE/ETH liquidity provider position adds a +20% Points bonus.

These bonuses increase testnet Points, but they do not change the current rule that testnet Points do not convert into NOTE.

What Is the Salvage Window?

A barrier breach can break an observation streak.

Note Systems gives users a 48-hour Salvage Window to recover part of that progress.

If you redeposit the same amount or more within 48 hours:

You preserve 50% of the previous streak.
The replacement note receives a 2× Points boost for its first week.

This gives active users a way to recover some campaign progress after a failed note.

What Is the Diamond Note NFT?

The Diamond Note NFT is unlocked after a user reaches a 12-observation streak.

Unlike testnet Points, the Diamond Note NFT is described as permanent and tradable.

That gives the campaign a confirmed collectible reward even though NOTE token conversion is not currently guaranteed.

The supplied campaign information does not fully define the NFT’s future utility or market value as of this writing.

NOTE Tokenomics Leave Room for Community Rewards

NOTE has a stated maximum supply of 100 million tokens.

Of that amount, 12 million NOTE, or 12%, is allocated collectively to ecosystem, community and Treasury purposes.

That allocation could potentially support future rewards, but Note Systems has not specified how much, if any, is reserved for airdrops or Points campaigns.

Users should therefore avoid treating the 12% allocation as a confirmed airdrop pool.

The token is already trading on Robinhood Chain mainnet while the main structured-note protocol remains on testnet.

What Can NOTE Be Used For?

NOTE is the protocol’s native token. The current ecosystem gives NOTE several roles:

sNOTE Staking

Users can stake NOTE to receive sNOTE.

sNOTE is designed to participate in protocol revenue.

Before staking, users should check the current exchange rate, reward stream and withdrawal cooldown.

veNOTE Governance

NOTE can also be locked as veNOTE for governance participation.

The supplied campaign information does not include the full current veNOTE lock schedule, so users should check the live protocol documentation before locking tokens.

Treasury Bonds

Note Systems also offers Bonds that let users exchange accepted assets for NOTE that vests over time.

Bond pricing can trade at either a discount or premium relative to the market price of NOTE.

That means a Bond is not automatically the cheaper way to acquire the token.

Users should compare the following before committing assets:

Bond price
Current NOTE market price
Vesting period
Remaining capacity
Market expiry

Is Note Systems Audited?

Note Systems reports that it has performed internal security testing, but internal testing is not equivalent to an independent external audit.

The project also does not publicly disclose its founders, core team or legal entity in the supplied material.

Those are meaningful risk factors for users considering future mainnet participation with real assets.

The current testnet reduces financial risk because participants use mock assets, but users should still use a separate wallet and avoid exposing wallets that hold valuable assets.

Is the Note Systems Airdrop Worth Farming?

The Note Systems testnet can be worth exploring if you want to understand structured products and how autocallable notes work onchain.

The biggest advantage is that the current campaign uses mock assets, so users can test COUPON and SHIELD positions without risking real capital.

The streak system also gives participants a clear goal, with multipliers at 1, 3, 6 and 12 observations and a permanent Diamond Note NFT at the highest milestone.

The main limitation is that testnet Points do not currently convert into NOTE, meaning users should approach the campaign as product testing and early participation rather than guaranteed token farming.

For beginners, the testnet can actually be useful because it explains structured-note mechanics without requiring real money. Use a separate wallet, understand how barriers and autocalls work, and treat any future NOTE distribution as a bonus rather than an expectation.

Frequently Asked Questions

Need a refresher? Here are the questions most readers ask about Note Systems.

Is the Note Systems Airdrop Confirmed?

No confirmed NOTE airdrop has been announced for the current testnet. The active campaign awards testnet Points, but the current Community page says those points do not convert into NOTE.

Do Note Systems Testnet Points Convert Into NOTE?

No, not currently. An earlier official announcement said seasonal points would convert into NOTE, but the current Community page states that testnet Points are display-only. Any future mainnet Points conversion will be announced separately.

How Do I Earn Note Systems Points?

Open COUPON or SHIELD positions on the Robinhood Chain testnet and keep them active. The points depend on position value, duration, barrier settings, observation streaks and additional campaign bonuses.

What Is the Diamond Note NFT?

The Diamond Note NFT is a permanent, tradable NFT unlocked after completing a 12-observation streak. Reaching that milestone also gives a 5x streak multiplier.