As the popularity of cryptocurrencies continues to grow, the number of airdrops is also on the rise. Airdrops are essentially free tokens or coins that are distributed to wallet holders as a way to promote a new project or cryptocurrency.
If you are looking to add some new coins to your portfolio without spending any money, staying informed about upcoming airdrops is crucial. In this article, we will explore the top 9 crypto airdrops to watch out for in 2024 so you don’t miss out on any exciting opportunities to earn free cryptocurrency.
LayerZero
About the Project:
LayerZero is a cutting-edge Ethereum-based interoperability protocol designed to seamlessly connect multiple blockchains. It enables decentralized applications (dApps) to communicate and interact across different networks without barriers. A notable use case is Stargate, a liquidity transfer protocol that leverages LayerZero for efficient cross-chain transfers, showcasing the protocol’s ability to facilitate a more interconnected blockchain ecosystem.
How to Enter:
To potentially qualify for the upcoming airdrop, users are encouraged to actively engage with dApps that utilize LayerZero technology. This could involve staking STG tokens on Stargate, providing liquidity to earn passive income, or participating in DAO communities that are integrated with LayerZero. While the exact details of the airdrop are pending, staying informed through LayerZero’s official announcements and actively participating in the ecosystem are key steps.
Jupiter
About the Project:
Jupiter is a dominant liquidity aggregator on the Solana blockchain, facilitating over 60% to 70% of all DEX transactions on the platform. It boasts a large user base of over 1.2 million, providing seamless asset swaps and trades. The introduction of its native token, JUP, has solidified its position in the market, with the token now ranking among the top 100 cryptocurrencies by market cap following a successful airdrop.
How to Enter:
Jupiter plans to distribute JUP tokens through multiple airdrop rounds, with eligibility based on users’ past engagement with the platform, including trading volume and participation in various platform activities. Future airdrop rounds are anticipated, so engaging with Jupiter by connecting your Solana wallet, performing swaps, and exploring features like perpetual trading and cross-chain operations could enhance your chances of receiving JUP tokens.
Saga Protocol
About the Project:
Saga Protocol is a blockchain network tailored for the gaming industry, offering unique “play-to-airdrop” opportunities across several games on its testnet. With its mainnet launch scheduled for spring 2024, Saga aims to distribute SAGA tokens to active participants and stakeholders across various blockchains, including Polygon, Avalanche, Cosmos, and Celestia, leveraging technology built with the Cosmos SDK.
How to Enter:
Eligibility for the Saga airdrop extends to gaming enthusiasts who participate in testnet games, blockchain users who have staked specific tokens like ATOM and TIA during certain periods, and those who engage in game tournaments. Keeping abreast of Saga’s announcements and participating in its ecosystem activities, including staking and gaming competitions, are crucial steps for those interested in the airdrop.
Mode (MODE)
About the Project:
Mode is an Ethereum layer-2 scaling solution that emphasizes rewarding developers and users for their participation. By leveraging the Optimism Stack, Mode offers fast, cost-effective token swaps, a comprehensive money market for earning competitive APYs on idle tokens, and support for decentralized applications (dApps). With 550 million MODE tokens allocated for its airdrop campaign, Mode aims to foster mass adoption and increase awareness of its platform.
How to Enter:
Interested participants must sign up on the Mode website and connect their crypto wallet. The airdrop eligibility revolves around DeFi and NFT activity on the platform, with users earning points for bridging tokens to the Mode network and engaging in various ecosystem activities. These points will later be convertible to MODE tokens upon the token launch, making active participation and engagement with the platform’s features essential for those looking to qualify.
Base
About the Project:
Base is an Ethereum layer 2 chain developed by Coinbase in collaboration with Optimism, aiming to provide a secure, cost-effective, and developer-friendly platform for on-chain applications. Speculation about a potential airdrop has been fueled by hints from Coinbase’s executives, suggesting that early users and participants in the Base ecosystem could be rewarded.
How to Enter:
Potential eligibility for a Base airdrop may involve engaging in transactions within the ecosystem, using protocols like the Rhino.fi bridge, and trading on decentralized exchanges (DEXs) such as Uniswap. Participation in these activities, especially through trusted applications on Base, could position users favorably for future airdrop announcements.
Bluefin (BLUE)
About the Project:
Bluefin is a next-generation decentralized exchange built on the Sui blockchain, promising fast, low-cost trading experiences. Supported by significant investments from entities like Polychain Capital and BH Digital, Bluefin aims to distribute its native BLUE tokens through an airdrop to bolster its community and platform engagement.
How to Enter:
The Bluefin airdrop will reward users for various activities, including signing up with a referral code, obtaining SUI tokens from Binance, depositing assets, and engaging in perpetual trades. These activities earn points that are directly convertible to BLUE tokens, with a significant portion of the total supply dedicated to the airdrop campaign. Active participation and engagement with Bluefin’s trading platform are key to qualifying for the airdrop.
EigenLayer
About the Project:
EigenLayer is revolutionizing the Ethereum ecosystem with its liquid staking protocol, allowing ETH stakers to restake their coins on various protocols. This not only enhances the blockchain’s security through pooled restaked tokens but also introduces innovative yield farming and staking features. With a roadmap pointing towards a mainnet launch in Q3 of 2024, EigenLayer’s potential token drop is highly anticipated by the community.
How to Enter:
To increase your chances of qualifying for any future EigenLayer airdrop, connect your wallet to the app, choose from the available pools, and stake tokens like rETH or sETH. Regular participation and engagement with the protocol’s staking and yield farming features are recommended for those looking to be part of the airdrop.
B² Network
About the Project:
B² Network aims to enhance Bitcoin’s efficiency, scalability, and privacy through innovative zero-knowledge proof verification. It offers a bridging tool for increased ecosystem cross-functionality and allows users to create rigs for mining rewards. With 5% of its total supply earmarked for an airdrop, B² Network seeks to attract a wider user base and developer community.
How to Enter:
Participation in the B² Network airdrop involves following the project on social media, connecting a wallet to the B² dashboard, and depositing accepted cryptocurrencies for staking. The more active participation and engagement through staking and bridging assets, the higher the potential rewards from the airdrop. Keeping informed about B² Network’s developments and actively participating in its ecosystem are essential steps for interested users.
Airdrop Alert: How to Secure Your Tokens Without Compromise
Airdrops have become a popular way for blockchain projects to distribute tokens to the community, often as a means of promoting a new project or incentivizing certain behaviors. However, the allure of free tokens can sometimes lead individuals into scams or security risks.
Here are essential safety tips for those on the hunt for airdrops:
1. Do Your Research
Investigate the project’s team, roadmap, and community engagement. Legitimate projects typically have a transparent and active presence on social media and forums.
Additionally, check if the project’s smart contract has been audited by a reputable firm. This can mitigate the risk of vulnerabilities and scams.
2. Beware of Phishing Attempts
Always use official websites and social media channels for information. Scammers often create fake websites and social media profiles to impersonate projects. Be cautious of unsolicited messages or emails claiming to offer airdrops. Never click on suspicious links or attachments.
3. Use a Dedicated Wallet
Always use a separate wallet for participating in airdrops, and do not store significant amounts of cryptocurrencies in it. This limits your risk exposure. Also, ensure your wallet is secure: use wallets that allow you to control your private keys, and never share your seed phrase or private keys with anyone.
Looking for a secure wallet? We have prepared a list of the best wallets of 2024 — check it out here.
4. Understand the Requirements
Legitimate airdrops will never ask for your private keys or seed phrase. If asked, it’s a red flag. We also recommend being cautious about airdrops that require excessive personal information. Providing minimal information reduces identity theft risks.
5. Be Cautious with Gas Fees
Evaluate cost vs. reward: some airdrops require you to perform a transaction to claim tokens, which involves paying gas fees. Assess whether the potential value of the airdrop justifies the transaction cost.
6. Stay Informed About Scams
The landscape of cryptocurrency is rapidly evolving. Stay updated on new types of scams and security practices. Engage with the crypto community through forums and social media to stay informed about known scams and share experiences.
7. Consider the Tax Implications
Be aware that receiving airdropped tokens may have tax implications depending on your country’s regulations. Consult with a tax professional to understand your liabilities.
By following these safety tips, you can navigate the world of airdrops more securely, minimizing risks while maximizing potential rewards. Always remember, if an offer seems too good to be true, it probably is. Exercise caution and prioritize security in all your crypto endeavors.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
