Cryptocurrency Airdrop Guide: Five Incoming Airdrops and How to Join
Airdrops are a common marketing strategy in cryptocurrency, designed to distribute tokens to holders of specific cryptocurrencies like Bitcoin or Ethereum. This approach has gained significant traction recently, with a surge in airdrop activity since August 2017. New airdrops are announced almost daily across various platforms, showcasing their growing popularity in cryptocurrency.
However, the core purpose of an airdrop is to promote awareness and adoption of a particular product, coin, or cryptocurrency exchange. Like free samples in shopping malls, airdrops offer users a small, complimentary token amount. New projects frequently employ this tactic to generate buzz and build their community before launching an Initial Coin Offering (ICO).
The principle behind successful marketing campaigns often involves offering potential customers and investors a free sample of the product. Cryptocurrency airdrops mirror this strategy, offering free tokens to entice user participation.
This guide highlights five upcoming airdrops worth exploring, detailing how to participate in these campaigns.
ZKsync Association Airdrops
The ZKsync Association will distribute 3.675 billion ZK tokens through an airdrop to early users and adopters of the ZKsync Ethereum Layer 2 network. This represents a significant portion of the total ZK token supply, 17.5% of the 21 billion tokens. The airdrop is a one-time event, with a claim window opening next week and lasting until January 3, 2025. Contributors can begin claiming their tokens starting on June 24.
Furthermore, the remaining distribution of the ZK token supply includes 49.1% allocated to ecosystem initiatives, 17.2% reserved for investors, and 16.1% for the Matter Labs team. The ZKsync Association emphasized that the more significant allocation of tokens to the airdrop compared to the Matter Labs team and investors is a deliberate decision to empower the community.
Moreover, Upon the launch of the ZKsync governance system in the coming weeks, community members will hold the majority of liquid tokens, granting them significant influence over protocol governance upgrades.
Step-by-Step Guide:
- Visit the ZKsync airdrop claim checker page.
- Connect your wallet or submit your GitHub username to check eligibility.
- If you are eligible for the airdrop, you can see the number of tokens you have received.
- A total of 695,232 wallets qualify for the airdrop.
ZORA NFT Airdrop
ZORA is a decentralized NFT marketplace protocol that operates continuously, offering composability, immutability, universal accessibility, and censorship resistance. Notably, ZORA V3 introduces innovative mechanisms to incentivize platform development on the protocol alongside a groundbreaking modular architectural design that facilitates a permissionless system capable of deploying new versions.
ZORA has secured $60 million in funding from leading investors such as Paradigm and Coinbase Ventures. While ZORA currently does not have its token, it may launch one.
Additionally, early users who have actively participated in the platform by buying, listing, or selling NFTs, including those who have tested the protocol’s testnet, may be eligible for an airdrop should a token be released.
Step-by-Step Guide:
- Visit the ZORA website.
- Connect your ETH wallet.
- Now list, sell, or buy NFTs.
- Visit their testnet page, add ZORA testnet to Metamask from the testnet page.
- Get some Goerli ETH from here.
- Now bridge the testnet ETH to ZORA testnet from here.
- Early users who interact with the platform and perform testnet actions may receive an airdrop if they launch their token.
Fuel Network Airdrop
Fuel is an innovative operating system specifically designed to power Ethereum Rollups. Unlike traditional solutions, Fuel enables rollups to achieve optimal performance in parallelization, state-minimized execution, and interoperability without compromising efficiency. This unique approach sets Fuel apart as a game-changer in the Ethereum ecosystem.
Fuel Labs, the team behind this groundbreaking technology, recently secured $80 million in funding from prominent investors such as CoinFund, Maven 11 Capital, and Blockwall. This investment signifies the firm belief in Fuel’s potential to revolutionize Ethereum Rollups’ operations.
Fuel Labs has officially launched its final public testnet on the Sepolia network. This milestone provides users with the opportunity to experience Fuel’s capabilities firsthand. Individuals can engage with the platform by downloading their wallets, interacting with decentralized applications (dApps), and bridging assets.
Furthermore, Fuel Labs has hinted at the possibility of an airdrop for active participants who contribute to the network during this testnet phase, potentially rewarding those who engage with the platform before the official token launch.
Step-by-Step Guide:
- Visit the Fuel website.
- Interact with the protocol by downloading their wallet, interacting with their dapps, and bridging assets.
- Fuel has not officially stated plans to launch a token.
- However, there is a possibility that the protocol may initiate an airdrop in the future.
- Users who engage with the platform might receive an airdrop.
Lava Network Airdrop
Lava Foundation, a newly established non-profit organization dedicated to advancing the modular blockchain network Lava, has secured $11 million in funding. This capital infusion comes ahead of the network’s highly anticipated mainnet launch and the subsequent token airdrop.
Lava is currently in its testnet phase, demonstrating its robust infrastructure by processing over 20 billion RPC requests across various blockchains. The network employs the Magma program to reward users with points for contributing to its growth. Users can accumulate Magma points by switching their RPC connection to Lava.
Moreover, blockchain node operators can join Lava and earn rewards for high-performance RPC services.
Step-by-Step Guide:
- Set up any supported wallet
- Visit Lava Network
- Connect your wallet
- Join them on Discord and Follow on X (Twitter)
- Copy the RPC of the network you want to change on the home screen. Exchange from your wallet and continue with your everyday transactions
- Share the referral link and your invitation code with your fried
- They are going to launch Mainnet soon
- Check out their Tokenomics
- Follow their social media to get the latest updates
SyncSwap Airdrop
SyncSwap is a prominent decentralized finance (DeFi) protocol within the zkSync ecosystem, known for its innovative approach to trading and liquidity provision.
As a decentralized exchange (DEX), SyncSwap allows users to trade various assets and deposit liquidity into pools to earn trading fees. This process is facilitated with the same level of security as the Ethereum mainnet.
On March 1, 2023, SyncSwap announced the launch of its testnet on the zkSync Era testnet. This milestone marked a significant step towards the platform’s full-fledged deployment.
While SyncSwap has not officially announced the release of its native token, $SYNC, its potential issuance has garnered considerable interest within the community.
Nonetheless, Considering the prevalence of airdrops and their demonstrated benefits in bolstering project adoption and engagement, as exemplified by the Blur token airdrop, the possibility of a future $SYNC airdrop is anticipated with enthusiasm.
Step-by-Step Guide:
- Connect your wallet to Syncswap.
- Go to their Swap page. Choose the type and amount of tokens and click “Swap”.
- Deposit liquidity to their Pools. On the top bar, click the down arrow, “Positions” and “New Position”. Select USDC and ETH and click “Enter Pool”. Then click “Deposit,” located on the left-hand side of the screen, and deposit both USDC and ETH. Then, unlock your tokens and deposit them into the pool.
- Join their Discord.
- Go to their Guild page and complete the tasks.
Conclusion
Crypto airdrops are a novel way to distribute tokens in the cryptocurrency world. They serve as a tool for fostering community engagement, promoting projects, and expanding their networks.
Additionally, by comprehending the mechanics of airdrops and meticulously assessing their potential risks and rewards, individuals can make well-informed choices and potentially capitalize on these promotional endeavors.