Don’t Miss Out – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly
As the popularity of cryptocurrencies continues to grow, so does the number of airdrops. Airdrops are basically free tokens or coins that are distributed to wallet holders as a way to promote a new project or cryptocurrency.
If you want to add some new coins to your portfolio without spending money, being informed about upcoming airdrops is essential. In this article, we will explore the 9 biggest 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 and demonstrates the protocol's ability to facilitate a more connected blockchain ecosystem.
How to enter:
In order to potentially qualify for the upcoming airdrop, users are encouraged to actively participate in dApps that use LayerZero technology. This could include 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 landing are pending, the key steps are to stay informed via LayerZero's official announcements and actively participate in the ecosystem.
Jupiter
About the project:
Jupiter is the dominant liquidity aggregator on the Solana blockchain, enabling more than 60% to 70% of all DEX transactions on the platform. It boasts a large user base of over 1.2 million and provides hassle-free asset swaps and trades. The introduction of its native token JUP has solidified its position in the market, and after a successful airdrop, the token is now ranked among the top 100 cryptocurrencies by market capitalization.
How to enter:
Jupiter plans to distribute JUP tokens through several airdrop rounds, with eligibility based on users' prior engagement with the platform, including trading volume and participation in various platform activities. Future airdrop rounds are expected, so getting involved in Jupiter by connecting your Solana wallet, doing swaps and exploring features like perpetual trading and cross-chain operations can increase your chances of getting JUP tokens.
Saga protocol
About the project:
Saga Protocol is a blockchain network tailored to the gaming industry that offers unique play-to-airdrop opportunities in several games on its testnet. With a mainnet launch planned for spring 2024, Saga aims to distribute SAGA tokens to active participants and stakeholders across various blockchains, including Polygon, Avalanche, Cosmos and Celestia, using technology built with the Cosmos SDK.
How to enter:
Eligibility for the Saga airdrop applies to gaming enthusiasts who participate in testnet games, blockchain users who have staked specific tokens such as ATOM and TIA during certain periods, and those who participate in gaming tournaments. Keeping up with Saga announcements and participating in its ecosystem activities, including betting and gaming contests, are essential steps for those interested in Airborne.
mode (MODE)
About the project:
Mode is an Ethereum layer 2 scaling solution that emphasizes rewarding developers and users for their participation. 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 parachute campaign, Mode aims to promote mass adoption and increase awareness of its platform.
How to enter:
Interested participants must register on the Mode website and connect their crypto wallet. 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 converted to MODE tokens after the token launch, so active participation and engagement in the platform's features will be essential for those who wish to qualify.
Base
About the project:
Base is an Ethereum layer 2 chain developed by Coinbase in collaboration with Optimism, which aims to provide a secure, cost-effective and developer-friendly platform for on-chain applications. Speculation about a potential landing has been fueled by hints from Coinbase executives suggesting early adopters and participants in the Base ecosystem could be rewarded.
How to enter:
Potential eligibility for the Base airdrop may include engaging in ecosystem transactions using protocols such as the Rhino.fi bridge and trading on decentralized exchanges (DEXs) such as Uniswap. Participating in these activities, particularly through trusted apps on the Base, could position users favorably for future airdrop notifications.
Bluefin (BLUE)
About the project:
Bluefin is a next-generation decentralized exchange built on the Sui blockchain that promises a fast and cheap trading experience. Backed by major investments from entities such as Polychain Capital and BH Digital, Bluefin aims to distribute its native BLUE tokens via airdrop to strengthen community and platform engagement.
How to enter:
The Bluefin airdrop will reward users for various activities, including signing up with a referral code, getting SUI tokens from Binance, storing assets, and engaging in perpetual trades. These activities earn points that can be directly converted into BLUE tokens, with a significant portion of the total pool dedicated to the Airborne campaign. Active participation and involvement in the Bluefin trading platform is the key to qualifying for the airdrop.
Custom layer
About the project:
EigenLayer is revolutionizing the Ethereum ecosystem with its liquid staking protocol, which allows ETH stakers to re-stake their coins on different protocols. This not only increases the security of the blockchain through pooled re-staking tokens, but also introduces innovative features for revenue and staking management. With a plan towards a mainnet launch in Q3 2024, the potential drop of the EigenLayer token is highly anticipated by the community.
How to enter:
To increase your chances of qualifying for any future EigenLayer drop, connect your wallet to the app, choose from available funds and deposit tokens such as rETH or seTH. Those who wish to be part of the airdrop are encouraged to regularly attend and engage in the protocol's stakeout and revenue management functions.
Network B²
About the project:
B² Network aims to increase the efficiency, scalability and privacy of Bitcoin through innovative zero-knowledge verification. It offers a bridging tool for increased functionality between ecosystems and allows users to create mining reward devices. With 5% of the total supply earmarked for airdrops, B² Network aims to attract a wider user base and developer community.
How to enter:
Participating in the B² Network airdrop includes following the project on social networks, connecting a wallet to the B² dashboard and depositing accepted cryptocurrencies for staking. The more active participation and engagement through asset staking and bridging, the higher the potential rewards from the airdrop. Keeping informed about the development of the B² Network 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 to scams or security risks.
Here are basic safety tips for those looking to skydive:
1. Do your research
Explore the project team, plan and community engagement. Legitimate projects usually have a transparent and active presence on social media and forums.
Additionally, check that the project's smart contract has been audited by a reputable firm. This can mitigate the risk of vulnerability and fraud.
2. Beware of phishing attempts
Always use official websites and social media channels for information. Fraudsters often create fake websites and social media profiles to impersonate projects. Be wary of spam or emails that claim to offer airdrops. Never click on suspicious links or attachments.
3. Use a dedicated wallet
Always use a separate wallet to participate in airdrops and do not keep a significant amount of cryptocurrency in it. This will limit your exposure to risk. Also, make sure 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've compiled a list of the best wallets of 2024 — check it out here.
4. Understand the requirements
Legit airdrops will never ask for your private keys or seed phrase. That's a red flag if you ask. We also recommend being cautious about drop-ins that require excessive amounts of personal information. Providing minimal information reduces the risk of identity theft.
5. Be careful with gas charges
Evaluate the price vs. reward: some airdrops require you to make a transaction to get tokens, which includes paying gas fees. Assess whether the potential value of the drop justifies the transaction costs.
6. Stay informed about scams
The field of cryptocurrencies is developing rapidly. Stay informed about new types of fraud and security practices. Join the crypto community through forums and social media to stay informed of known scams and share experiences.
7. Consider the tax implications
Please note that receipt of discarded tokens may have tax implications depending on your country's regulations. Consult a tax professional to understand your obligations.
By following these safety tips, you can navigate the world of skydiving more safely, minimizing risks while maximizing potential rewards. Always remember that if an offer seems too good to be true, it probably is. Be careful and prioritize security in all your cryptographic endeavors.
Disclaimer: Please note that the content of this article is not financial or investment advice. The information provided in this article is solely the opinion of the author and should not be considered a trading or investment recommendation. We make no guarantees as to the completeness, reliability or accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader or regular user of cryptocurrencies should research the various points of view and familiarize themselves with all local regulations before investing.
