• Written by: Vamsi Krishna
  • Fri, 21 Oct 2022
  •   India

In the past couple of days, the mainnet launch of the Aptos blockchain and the accompanying crypto airdrop made big waves in the crypto space. While the long-unknown tokenomics and token distribution have sparked a lot of controversy, this crypto airdrop beneficiaries have been able to enjoy free crypto. You missed the APT crypto airdrop […]

Upcoming Crypto Airdrops: Blockchain Projects that could potentially Airdrop tokens in 2023

In the past couple of days, the mainnet launch of the Aptos blockchain and the accompanying crypto airdrop made big waves in the crypto space. While the long-unknown tokenomics and token distribution have sparked a lot of controversy, this crypto airdrop beneficiaries have been able to enjoy free crypto.

You missed the APT crypto airdrop from Aptos and are now upset about it? Don’t worry. There are 4 very promising projects that could be doing an airdrop in the coming weeks and months.

airdrop tokens We’ll tell you which projects these are and what you should do to possibly be eligible for the airdrop.

What are Crypto Airdrops?

A crypto airdrop is a marketing strategy that involves sending coins or tokens to wallet addresses. Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent by the company issuing the currency. The ultimate goal of a crypto airdrop is to promote awareness and circulation of a new token or coin.

Understanding Crypto Airdrop

A crypto airdrop is a promotional activity typically performed by blockchain-based startups to help bootstrap a virtual currency project. Its aim is to spread awareness about the cryptocurrency project and to get more people trading in it when it lists on an exchange as an initial coin offering (ICO).

Airdrops are generally promoted on the company’s website, social media, and cryptocurrency forums. Coins or tokens are sent only to specific wallets based on the blockchain network or coins held in existing wallets.

To qualify for the free gift, a recipient may need to hold a minimum quantity of the crypto coins in their wallet. Alternatively, they may need to perform a certain task, such as posting about the currency on a social media forum, connecting with a particular member of the blockchain project, or writing a blog post.

Upcoming Crypto Airdrops (Possible) 2022-23

These are some of the Upcoming Crypto Airdrop to look out for:

SUI

Along with Aptos, the SUI blockchain is one of the most hyped projects in the crypto space right now. Just like Aptos, SUI was founded by former Meta employees who are developing a highly scalable layer 1 blockchain based on Diem’s MOVE programming language and a proof of stake.

While SUI already closed acceptance of new validators in the incentivized testnet at the end of August, there might still be a chance for an airdrop, as SUI should be interested in bringing liquidity to the network.

Since there is no information yet, it is advisable to follow the project on Medium, Twitter and Discord and look out for projects like DEXs on SUI. Also, users can already download the SUI wallet as Chrome extensions.

The SUI testnet token also offers a good shot. The easiest way to get it is from platforms that have a built-in faucet. BlueMoveNFT is a good choice. The project is the leading multi-chain NFT marketplace on Aptos and SUI.

zkSync

A second option could be zkSync. The best bet for the airdrop might be to interact with zkSync dapps on the testnet. Before users can do this, however, they need to add an RPC configuration. The easiest way to do this is at here, where a wallet connection to the testnet is configured.

Numerous examples for interacting with the zkSync testnet and its dApps have been compiled by an anonymous Twitter user in the following thread.

Layer Zero

The Third option is Layer Zero. A new dimension of crypto bridging, Omnichain Interoperability protocol, aims to connect all the EVM chains. Its primary goal is to unify liquidity pools. Instead of a middle chain, they use an Oracle & the Relayer

LayerZero labs has raised over $135M in funding, some of the notable investors are a16z, Coinbase, FTX, and Binance.

Arbitrum

Arbitrum is a layer 2 solution designed to improve the capabilities of Ethereum smart contracts — boosting their speed and scalability, while adding in additional privacy features to boot. The platform is designed to allow developers to easily run unmodified Ethereum Virtual Machine (EVM) contracts and Ethereum transactions on a second layer, while still benefiting from Ethereum’s excellent layer 1 security.

Arbitrum doesn’t have a token yet and could potentially have one in the future. There’s a chance that they may do an airdrop to users who’ve used their bridge.

StarkNet

StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK.

StarkNet has confirmed to launch an own token and 9% of the total supply has been allocated to end users and developers who’ve built dApps using StarkNet. StarkNet end users are those who used dApps built on StarkNet. StarkNet dApps include dydx, Immutable, Celer, DeversiFi, Argent and many more. So early users who’ve StarkNet Dapps by the snapshot date are likely to be eligible for the airdrop.

Quai Network

Quai Network is a new design to create radically more efficient blockchains. Their solution relies on revolutionary advances in blockchain sharding technologies and the use of Proof-of-Work 2.0. Because Quai Network is modular, it can scale horizontally to accommodate more users as the network grows.

Quai Network is conducting a bounty in which users can free QUAI for doing simple tasks. Sign up for the bounty and complete simple tasks to earn free QUAI tokens. Tasks can be conducted on various social platforms including Twitter, YouTube, Reddit, TikTok, and Instagram.

Crypto Airdrops: My Final Thoughts

Crypto airdrops are a way for companies and projects to raise awareness of their token or coin. It is also a way to increase the liquidity of their security by giving it away to thousands of different wallets. Though airdrops have value and may be considered free money, there are also significant risks if users are not aware of potential scams related to crypto airdrops.

And in bear market, it is one of the best ways to get free money.

FAQs

How Do I Find Crypto Airdrops?

Crypto airdrops are often communicated and marketed to the general public to raise excitement and awareness regarding a token. Many of these airdrops can be found by subscribing to airdrop newsletters or following blockchains on social media.

Can You Make Money From Crypto Airdrops?

Individuals can make money from crypto airdrops, though crypto airdrops are intended to increase use of a cryptocurrency across a broad range of users. For that reason, airdrops are often not substantial amounts (less than $10), and the tokens may not be liquid. Also, there is higher risk that users will try to liquidate their holdings when they are able to (thus quickly dropping the value of the coins or tokens).

What Is an NFT Airdrop?

Similar to other types of crypto airdrops, an NFT airdrop credits NFT holders with additional tokens. This is done to build a stronger community around certain NFTs, create buzz, and reward NFT holders.

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