Suppose you are new or already familiar with the cryptocurrency field. In that case, The Top 10 crypto airdrops in 2024 will guide you in understanding how a cryptocurrency token works, from its inception to its journey in the digital world. If you have no money or you are reluctant to start investing in crypto then crypto airdrops are the best way to get started, as you will get to learn about different blockchains in the process of interaction done to test the protocols that are getting launched in near future or are already launched and under operation but yet to launch their native token.
Crypto fans can obtain free tokens through airdrops without investing or spending any money. They are becoming a common promotional strategy employed by blockchain initiatives. Giving away complimentary tokens to active community members is the main goal of an airdrop. There are several uses for airdrops. Among them include rewarding early adopters, expanding the blockchain project’s audience, and igniting interest among traders and investors.
What are Crypto Airdrops?
Crypto airdrops are a tactical marketing strategy used by blockchain-based businesses to give out free tokens or money straight to the wallets of involved cryptocurrency community members. This approach accomplishes several goals, including as advancing a fresh cryptocurrency initiative, fostering community involvement or allegiance within an already-existing ecosystem, and optimizing token distribution to create a more decentralized network.
Airdrop participation usually requires the fulfillment of certain requirements in order to be eligible. These could be by holding a certain cryptocurrency, participating in the project on social media, or making platform contributions by doing different activities.
There are several different reasons why airdrops are carried out. By giving away tokens for free, companies can build a loyal and active user base, encourage trade, and increase their project’s visibility in the vast cryptocurrency market. This is especially important for recently established projects trying to establish a presence in the extremely competitive cryptocurrency market.
Getting Started with Crypto Airdrop Participation
In order to participate in the crypto airdrops mentioned below, you need to follow certain protocols before diving in.
- First and the foremost requirement is a crypto wallet. Each blockchain has its crypto wallet which gets easily integrated with your web browsers for instance, we use Metamask wallet for Ethereum and Phantom Wallet for Solana.
- The second step is to acquire Test tokens of Ethereum, Solana or any other token of its blockchain, or else some crypto airdrops require trading of actual Ethereum, Solana, or any other token of the respective blockchain.
- The third step is to remind you that any airdrop or token launch is just hypothetical and not guaranteed unless verified by the relevant protocol.
Crypto Airdrops in 2024
| Token | Eligibility Criteria | Reward |
| BAT | Users interaction with Brave Browser | Incentives in BAT tokens for online activities |
| Base | Early user who interacted with the projects in its ecosystem | Incentives in Base tokens for online activities |
| EigenLayer | To qualify for the potential airdrops on its ecosystem, participate in liquid restaking on the platform | Incentives in Native tokens for online activities |
| LayerZero | Users need to bridge tokens to the Layer Zero network and interact with Layer Zero dApps, including liquidity farming, swapping, staking and voting, etc. | Incentives in Native tokens for online activities |
| Wormhole | Early users who used its services | Incentives in Native tokens for online activities |
| Scroll | Using the platform to bridge assets | Incentives in Native tokens for online activities |
| Fuel | Users indulging in its testnet activities | Incentives in Native tokens for online activities |
| Cube | Users participation in social media activity and referral programs. | Incentives in Native tokens for online activities |
| Symmetry | Make a swap on the platform | Incentives in Native tokens for online activities |
| zkSync | Using its services and products | Incentives in Native tokens for online activities |
Basic Attention Token (BAT)
A cryptocurrency called Basic Attention Token (BAT) was developed especially for the digital advertising sector to reward users for their involvement, pay publishers for their content, and provide advertisers with a targeted audience. 70% of the money made from advertising is due to BAT users.
People can install the Brave browser, turn on Brave Ads, and turn on the notification feature to get BAT tokens for free. Users can obtain token awards worth 25–40 BAT once a month.
Base
Base is a Layer 2(L2) blockchain built on top of Ethereum. It is the blockchain of the crypto exchange Coinbase and was built in collaboration with Optimism. Projects within its ecosystem include bridge platform Rhino.Fi, DAO Llama, DeFi website Aave Protocol, gaming firm Animoca Brands, and NFT marketplace Decent.
If early users regularly interact on the ecosystem through reliable protocols like the Rhino.Fi bridge and trade on exchanges like Odos and Uniswap then they might get eligible for the airdrop. These are but a handful of the most widely used apps on Base.
EigenLayer
EigenLayer is an Ethereum-based protocol that introduced the idea of restaking, a concept that allows Ether, and other tokens, to be restaked on the consensus layer. Among the projects in its ecosystem are the actively validated service platform Aethos and operator Liquify.
The protocol has included several cutting-edge capabilities like yield farming and staking. Due to the volume of ongoing development and the points system that pays out to depositors, airdrop enthusiasts are eagerly awaiting a possible token drop. That is, in addition to EigenLayer’s roadmap, which indicates that the company plans to introduce payment and cutting systems in Q3 of 2024 when the mainnet launches.
LayerZero
An open-source, immutable messaging protocol called LayerZero was created to make it easier to create omnichain, interoperable applications. With omnichain messaging, it says developers can “easily” communicate tokens, external function calls, and arbitrary data while maintaining complete control and autonomy over their application.
It is an interoperability protocol built on Ethereum that links several blockchains and enables dApps to communicate with various networks using a single relayer. For instance, LayerZero’s messaging system is used by the liquidity transfer protocol Stargate to facilitate cross-chain transfers.
Wormhole
Wormhole is a general-purpose message-passing protocol that provides developers’ cross-chain applications with the advantages of several ecosystems. Two of the initiatives in its ecosystem are Swap AMM AptoSwap and the DEX Protocol Apricot.
It is beneficial for users who hold Ethereum-based tokens and want to use Solana-based dApps, as they can convert these tokens to be compatible with the Solana ecosystem.
Scroll
Scroll is an Ethereum layer 2 blockchain created for Ethereum developers. The network presented itself as one where “current Ethereum apps can migrate onto Scroll as-is, and at a significantly reduced cost.” It was described as “swift, reliable, and scalable.”
The web3 wallet OKX Wallet and the cross-chain aggregated DEX Chainge are two of the initiatives in its ecosystem.
Fuel
Fuel began as a layer-2 scalability technology for a monolithic Ethereum. After that, it became a modular execution layer.
Its main services are for developers, eyeing to deliver a “powerful and sleek developer experience” with its own domain-specific language called Sway.
Cube
Cube is a Layer 1 blockchain that supports multi-chain and cross-chain and is fully compatible with the EVM and Cosmos ecosystems.
Cube blockchain works on the mechanism called Proof of Time, where the transaction validators are selected based on the relative age of the node. PoT employs the advanced BEAT and honey badger protocols to ensure that the network is quick. The changes are transferred to all the existing nodes in around 30 seconds, but the propagation time is more than 150 secs.
Symmetry
Symmetry is a decentralized index protocol that allows users to invest with Index and also enables users to create their own Index.
You can make your own index or buy one made by someone else using Symmetry. All of the assets you want to include in the index, together with their matching weights and rebalancing strategy, can be chosen when constructing the index. Your choice of rebalancing method is crucial and will impact the index’s overall performance.
ZkSync
ZkSync is a layer-2 solution that uses zero-knowledge (zk) technology to decrease gas expenses and speed up Ethereum transactions. Owing to the issue it resolves, ZkSync has attracted a growing community of decentralized applications, solidifying its position as a crucial Layer-2 solution for the Ethereum network.
You should consistently finish multiple transactions to build up a large transaction volume, which could help you increase your chances of winning the airdrop. Furthermore, a lot of projects give rewards to users who use their services regularly for several months.
Is it safe to participate in Airdrops?
In the cryptocurrency space, airdrops are getting more and more popular, but along with that growth comes an increase in the threats that could jeopardize our financial standing and even sound data.
- When engaging in airdrops, please do your own research (DYOR) about the project, double-check URLs, click on the correct links, and don’t sign anything unless you are certain of its legality.
- Having a cryptocurrency wallet is essential for taking part in airdrops. Use a wallet with a strong algorithm to produce random seed phrases that are difficult for hackers to decipher in the end.
- Not every airdrop is worth it, and some can be connected to doubtful or mediocre initiatives.
- In the US and other select jurisdictions, airdrops are subject to taxation.
Conclusion
If you’re new to cryptocurrency and want to access tokens without taking any financial risks or investing money, you should look for projects that are holding airdrops. If you join these groups and are active, you have a good chance of receiving tokens for free. In a similar spirit, airdrops are an excellent option for project owners looking to raise awareness or give incentives to engaged users.
By taking part in airdrops, cryptocurrency enthusiasts have a unique chance to obtain tokens as a reward for their commitment. There are several opportunities for people to join an enthusiastic group of early adopters through these airdrops. It is imperative to stress that the list we have provided is the outcome of our own research and is not intended to be used as investment advice. Before making any investments, extensive due diligence must be carried out to verify a project’s legitimacy.
Disclaimer: Before making any financial decisions, you must conduct your own research and consult a qualified professional regarding your particular situation before investing in any cryptocurrency. Coincraftsman does not offer investing advice; the content it offers is solely for informative reasons. You alone are accountable for your conduct. This website will not take credit for any gains you make, nor will it be liable for any losses you may suffer.