Crypto Airdrops- How To Earn Free Crypto Airdrops? (2024)

Crypto Airdrops happen when a Web3/Crypto company, sends cryptocurrencies or digital assets to the crypto wallets of people who meet certain requirements, this is usually termed as a project.

Just so you know since these airdrops are projects and might be relatively new cryptocurrencies, called altcoins, some might be valuable while others might not be!

It’s like getting freebies just for being part of the crypto community. Here in this guide, I am giving a list of the latest crypto airdrops since 2024 started.

What are Crypto Airdops?

Sometimes airdrops happen to promote a new cryptocurrency or to reward loyal supporters.

To be a part of one all you have to do is hold a specific cryptocurrency in your digital wallets such as Ethereum(ETH), or BNB.

And you might wake up one day to find some extra tokens magically appear in your account, or take up a few tasks to get rewarded. Pretty cool, right?

With the bull market, you can expect a lot more airdrops. With the rapid development of the blockchain industry, an increasing number of projects choose to hold airdrops to expand their use base and reward early adopters.

Airdrops are claimed by anyone with a Crypto Wallet. These airdrops are held to create awareness for new virtual Crypto Currencies.

Acryptocurrencyairdrop is a marketing strategy that involves sending coins or tokens to wallet addresses.

Small amounts of the newvirtual currencyare 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.

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Crypto Airdrops – What exactly is an Airdrop for Blockchain Networks?

When it comes to blockchain networks and tokens primed specifically for gaming there are some pretty compelling airdrops on the horizon in the months ahead.

Here is a look at what’s coming for Gamers, there may be some time to get involved and score some tokens ahead. so read on,

1. Pixels

Pixels is currently the buzziest game on Axie Infinity’s Ronin sidechain for Ethereum. It has officially revealed its airdrop plans.

Popular Ronin farming and social game Pixels is nearing its token launch as the current airdrop campaign winds down.

It is a popular web-based farming and social game that uses the Ethereum sidechain network Ronin, announced that it will end its Play-to-Airdrop 2.0 campaign.

Thereby, setting the stage for the long-awaited PIXEL token launch and distribution to players.

The retro-style online role-playing game will use a “play0to-airdrop” approach. Founder Luke Barwikowski wiring that the game will benefit players who finish “challenging tasks” or “contribute to the ecosystem’s growth in order as unspecified ways.

As Pixels is hot right now, the framing suggests that people who start playing have at least some opportunity to earn tokens. The 7,000 along with another 1,000 random players.

2. Portal

It is undoubtedly one of the buzziest airdrops on the horizon though it has also been controversial.

The multi-chain gaming token, designed to bridge the gap between Web3 games across various blockchains, has incentivized crypto users to earn credit towards the airdrop by creating, sharing, and interacting with Twitter content which they have done en masse.

As obnoxious as that can be, there is still a lot of hype around what Portal is building. Much of the team comes from the Overlotrd and Creapz NFT team at SuperDuper.

They have recorded a Rockstar Games co-founder and other advisors, and have lined up allies like major talent agency WME and NFT marketplace Magic Eden.

Crypto Airdrops- What are the Types?

1. Standard Airdrop –

You receive free tokens just for signing up for a newsletter or something similar.

2. Bounty Airdrop –

Require you to perform a simple task to receive the airdropped tokens.

3. Exclusive Airdrops–

Designated exclusively for people who have an established history with a particular project, website, or community.

4. Hard Fork Airdrop –

When a coin hard forks from its original blockchain, those who hold the original coin will receive an equal amount of the new tokens.

5. Holder Airdrop –

If you already hold certain tokens you will receive new ones.

Crypto Airdrops – What are the Potential Participation Strategies You Should Apply?

a. Holding specific tokens

Some projects may airdrop tokens to you if you hold their existing tokens in compatible wallets for a set period.

b. Completing social media tasks

Following project accounts, retweeting tweets, or joining Telegram groups are airdrop requirements for some projects.

c. Using Specific Platforms

Projects might incentivize using their decentralized applications(dApps) or participate in their governance by giving out airdrops to you.

d. Participating in events

Occasionally, projects conduct airdrops or other online events. Be mindful of registration fees and only use reputable event organizers.

e. Consider potential tax implications

In some jurisdictions, airdropped tokens may be considered taxable income. You should consult with a qualified tax advisor if needed.

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The 8 Best Crypto Airdrop Sites for 2024.

1. AirDropAlert – The best airdrop website overall.
2. Airdrops.io – Airdrop aggregator with step-by-step instructions on how to get crypto airdrops.
3. AirdropsMob- The oldest airdrop tracking site in the industry.
4. Freeairdrop.io – A crypto airdrop site with helpful guides.
5. AirDropsMob- The oldest airdrop tracking site in the industry.
6. AirDropBob- Airdrop website with robust filtering options.
7. AirdropKing.io- An airdrop site with a streamlined interface.
8. Earn.fi- Check if your wallet is eligible for any airdrops.

Top Crypto Airdrops for 2024

1. Metamask

It is a browser extension that has already been confirmed to launch its token. And it is one of the platforms that offers everything you need to manage your digital assets.

Additionally, it is equipped with a key vault, secure login, token wallet, and token exchange.

Further, it distinguishes genuine wallets from Sybit wallets and offers a Gitcoin Passport to ensure proof of humanity.

You need to download your wallet and Pardoem trades like buying or selling. Make sure you perform swaps on all possible chains and also stake ETH or MATIC through one of the available protocols.

2. zkSync

Chiefly, it is a trustless protocol that uses cryptographic validity proofs to provide scalable and low-cost transactions on Ethereum.

The platform has raised a sum of $458 million from leading investors like Blockchain Capital and Dragon Capital.

They have also hinted that they will launch their native token soon.

Additionally, the protocol performs the computation off-chain, and the data is also stored off-chain.

As the platform is built on Ethereum, the same level of security can be expected over zkSync.

It also uses Gitcoin passports and Sybil wallets to ensure proof of humanity and an extra layer of security.

You need to add the zkSync network to your wallet and using a bridge, connect to your ETH wallet.

Bridge your ETH, USDT, or USDC from the mainnet to the zkSync main net and perform trades.

It is recommended to do transactions regularly to increase the chances of becoming eligible.

3. Marginfi

Solana has also become a strong base for decentralized ecosystems. It is a decentralized lending protocol on Solana that offers a safe and reliable solution for you if you wish to access leverage and maximize capital efficiency.

As a result, the platform prioritizes risk management by being a completely permissible protocol.

Additionally, the protocol uses a permissionless suite of smart contracts deployed on a blockchain. Which is paired with real-time risk management and automatic liquidations.

Even though the platform does not have its native token they have introduced a points system, which you use to interact with the network.

And the official website of Marginfi and connect your Solana wallet, which has some SOL tokens.

Early users who do lending borrowing or other activities may get an airdrop on the launch of their native token, which remains unsure.

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4. Wormhole

It is a generic cross-chain message transfer protocol designed to carry out interoperability between heterogeneous chains like Ethereum, Solana, Binance SmartChains, etc.

It raised $220 million in funding from investors like Coinbase Ventures and Multicoin Capital. They have not launched their token yet, but their customers may receive it once it is confirmed.

Additionally, the Wormhole is an open-source blockchain development platform connecting the decentralized web.

Many companies and applications use the platform to grow their user base, increase market share, and drive in more on-chain activity.

You can visit the Wormhole Portal token bridge’s official page and connect the source wallet.

Then you should select the token you want to transfer. Then, select a destination chain wallet, and send the tokens between the chains.

If you are using cross-chain functionality you could get an airdrop once you introduce the tokens. However, it is just speculation at the moment.

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5. Symmetry

Chiefly, Symmetry is a decentralized index protocol that is built on the Solana blockchain. It allows you to invest several tokens, has an index token, and can create your index with a weight between tokens.

As Symmetry does not have its native token, swapping the platform may make you eligible for an airdrop.

Additionally, it is a platform that allows you to invest in or create your crypto index. It offers a decentralized crypto index management fund infrastructure on Solana via on-chain programs and SDKs called Symmetry Engine.

The funds are actively managed as the manager has full control over selecting, defining, and redefining automation rules over time to respond to market changes.

Visit the Symmetry dashboard and connect your Solana wallet. Now you make a swap, which may intensify your chances of becoming eligible for an airdrop once they launch their token.

However, there is no guarantee that they may launch their token, as it is just speculation.

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6. Kamino Finance

It is the first DeFi Protocol that unifies lending, liquidity, and leverage into a single product.

It was created to offer the easiest way to provide liquidity and earn yield on-chain. This does not have a token, so interacting with the platform may enhance the chance of becoming eligible for an airdrop upon launch.

All the features are unified into a single and secure DeFi product suite. It is an industry-leading UX that offers transparent analytics., detailed performance data, and extensive position information.

Although they do not have a native token, they have confirmed that you may soon start earning points, which include previous interactions with the platform.

Hence, it raises the chances of an airdrop when launched. You can visit the Kamino website and connect your Solana wallet, which has some SOL tokens.

Borrow, lend, and supply tokens. You can also provide liquidity to any one of the pools or try leveraged trading.

With this, you can intensify your chances of becoming eligible for an airdrop, which remains uncertain.

7. Renzo Protocol

Renzo is an Eignelayer-based protocol that has secured $3.2 million in a seed round at a $25 million valuation led by Maven 11. It is based on Ethereum, which helps you to re-stake ETH via EigentLayer as a part of the beta main net.

The protocol currently re-staked ETH using the EignetLayer as part of its beta mainnet release and plans to support liquid staking tokens (LSTs) in the future.

With this, you can deposit ETH and LSTs (in the future) to get ezETH. Which can be used in DeFi applications and earn an additional yield.

Within a month of launch, the platform managed to attract a TVL of over $35 million, according to DeFilama.

Do visit the official website and connect your wallet. Then stake some ETH. You also get a referral code, using which you can invite your friends.

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8. Ambient

Ethereum has been the platform where many projects have rooted in and prospered.

Ambient, is one of them, which is a decentralized exchange (DEX) that allows two-sided AMMs. It has raised $6.5 million from investors, including Circle and Naval Ravikant.

Additionally, it is a Zero-to-one decentralized trading protocol where the entire DEX runs inside a single smart contract.

With this, the transactions get cheaper, faster, and easier, with great liquidity rewards and fair trading experience.

The only DEX to support concentrated (V3), ambient (V2), and knock-out liquidity in the same liquidity pool, combining all liquidity.

Do visit the official website and connect your Ethereum wallet. Go to “Account”, deposit tokens, and make some trades like buy, sell, or swap.

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Solana Ecosystem

There is no better time than now to buy some Solana and farm airdrops worth thousands of dollars by just paying cents in fees.

Last month, JITO Network on Solana airdropped 10k$ to be. everyone who staked as low as 10SOL.

The most popular dex on Solana “Jupitar” $JUP token was airdropped for $900k.

So, many token-less protocols on Solana will potentially launch a token as they have a point system already.

For example, here is the List of Top Projects to focus on-

a. Margin Fi

b. Phantom Wallet

c. Drift

d. MagicEden

e. Tensor

f. LayerZero

g. ZKSync

h. EigentLayer

Stakers of $TIA(Celestia) were recently airdropped $DYM tokens.

Airdrop hunters are moving their eyes on the next potential airdrop opportunity, and $PYTH looks like the favorite guy in the classroom.

So, how to stake $PYTH?

1. Buy $PYH from any CEX.

2.Withdraw $PYTH to your Phantom Wallet(Solana)

3. Goto staking.pyth network

4. Stake your tokens.

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Bluefin Airdrop

It refers to distributing Bluefin tokens to existing crypto wallet holders. The airdrop is designed to promote the Bluefin platform and incentivize participation.

It has gained attention within the crypto community as a way to distribute tokens and engage users.

It targets crypto enthusiasts looking to diversify their portfolios with Blufin tokens, rewarding participants for their support and promoting widespread token circulation.

The process is typically straightforward. You perform specific actions like signing up, sharing on social media, or holding certain cryptos to become eligible for the free distribution of tokens.

The airdrop serves as a marketing tool for the Bluefin platform, potentially increasing your adoption and the value of its ecosystem.

It’s a strategic move to expand the platform’s reach, fostering a loyal community around the newly introduced digital asset.

This airdrop promises a digital treasure trove for the lucky participants. With tokens and exclusive perks up for grabs, this is the unveiling you have been anticipating.

Check eligibility rules. Don’t miss your chance to be a part of the Bluefin family. Bluefin tokens are the currency within the Bluefin ecosystem. They carry value due to their utility and scarcity.

Utility scarcity enables transactions and rewards within the platform. Limited supply increases demand. Stake for additional benefits. Periodic burns to reduce supply.

The airdrop serves as a magnet for new members. With free tokens up for grabs, people flock to join the community.

This influx is a game-changer for Bluefin. More members mean more interactions, transactions, and a more vibrant network.

This airdrop acts as a catalyst for this growth, propelling, Bluefin toward a wider audience.

It is not just another fleeting trend in the crypto space. After the airdrop, it aims to cement its position as a cornerstone for investment strategies.

The long-term value proposition of Bluefinb lies in its robust technology, security features, and user-centric approach.

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Ever wondered when Airdrop Token reach their all-time high?

According to Coingecko 23 out of the 50 biggest airdrops (46%) recorded peak token prices during the first 2 weeks of their airdrop date.

Airdrop tokens that reached their highest price returns in the short term include ENS(+73% by day 2 of trading), X2Y2 (121% by day 2), BLUR (+90% by day 6), LLOKS (+192% by day 10), and AIDOGE(42% by day 14).

Among the more recent airdrops, JTO(+43% by day2), WEN(37% by day 3), DYN(+75% by day 10), MANTA(72% by day12),and MAVIA(+217% by day 13), were also most profitable for recipients if they sold shortly after the airdrop.

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Advantages of Crypto Airdrops

a. Anyone with a compatible crypto wallet can participate.

b. If you hold crypto on an exchange, you may also be eligible for certain airdrops.

c. Airdrops occur regularly, providing a steady supply of free tokens.

Disadvantages of Airdrops

a. There is no guarantee of profit as the new tokens may be worthless or illiquid, meaning they can not easily be sold.

b. Identifying and participating in airdrops can be time-consuming.

How You Can Earn Money from Crypto Airdrops?

1. Selling

The most straightforward way to earn money through crypto airdrops is to sell the free tokens once they are listed on an exchange or marketplace.

2. Holding

Another way to earn money through airdrops is to hold the free tokens for long-term appreciation. Just by joining airdrops and performing simple tasks you can earn up to $100 every month.

In airdrops, you just have to perform simple tasks, and in which projects return you some tokens for supporting them.

How To Convert Airdrop to Cash?

1. Exchange the Tokens on a Cryptocurrency Exchange.

The easiest and most popular method to convert airdrop to cash is to exchange the tokens on a cryptocurrency exchange.

most airdropped tokens are listed on exchanges, which means that they can be traded for other cryptos, including Bitcoin, Ethereum, and stablecoins.

Once you have exchanged your airdropped tokens for more established cryptos, tokens for more established cryptocurrency, you can then withdraw the funds to your bank account or use them to make purchases.

While this method is simple, it may not be the most profitable.

Airdropped tokens are often not very valuable, and the exchange rate may not be favorable.

Additionally, trading on exchanges is highly volatile and subject to sudden price fluctuations.

2. Sell the Tokens on a Peer-to-Peer (P2P) Marketplace

Another option to convert airdrop to cash is to sell the tokens on a P2P marketplace. Such as local Bitcoins, or Paypal. P2P marketplaces allow you to buy and sell cryptos directly with each other without the need for an intermediary.

Further, this method is more profitable than exchanging the tokens on a crypto exchange. You can set your price and negotiate with the buyer.

However, it can also be more time-consuming to find a buyer willing to pay the price you are asking for.

3. Convert the Tokens to Cash using a Payment Processor

If you are uncomfortable exchanging the tokens on a crypto exchange or selling them on a P2P marketplace, you can also convert them to cash using payment processors, such as Paypal or Skrill. These allow you to receive payments in various currencies, including US dollars, euros, and pounds.

While this method is convenient, it may not be the most cost-effective. Payment processors often charge high fees for currency conversion, and the exchange rate may not be favorable.

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Conclusion

Airdrops are one of the easiest ways to make your first $10,000 in crypto.

Recent airdrops such as Arbitrum, Optimism, and Aptos handed their recipients 5-figure paydays.

Giving away freebies can attract attention and awareness on social media. It adds new customers and develops a loyal consumer base with significantly low advertising costs.

But remember, just because you complete certain on-chain activities does not guarantee you an airdrop.

It’s a game of persistence and luck.

However, if you are consistent, you can boost your chances of receiving one.

Crypto airdrops are inherently risky, and their potential rewards should never outweigh the risks involved.

If you decide to sign up for an airdrop, it’s vital to follow the instructions provided by the development team.

This may help you avoid being phished or getting hacked by bad actors.

Are you an airdrop enthusiast? Have you had any airdrops recently?

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