Crypto airdrops are promotional tools used by cryptocurrency startups to give away free tokens to their sincere customers. These airdrops are a marketing strategy that intends to increase the loyalty and adoption of emerging cryptos among users. There are several forms of airdrops: Standard Airdrops, Holder Airdrops, Exclusive Airdrops, and Bounty Airdrops. Engagement generally means following announcements, doing the jobs delegated and getting tokens immediately in relevant wallets. Carefulness is the key; always verify an airdrop's authenticity, and don’t get into phishing deceptions and frauds.
Several advantages can be derived from an airdrop such as achieving high visibility in a market that is highly competitive, appreciating the developers' work, and transferring tokens to form a strong community. On the other hand, there are some drawbacks of airdrops and every investor has to be aware of them. These risks could range from network security risks, being a victim of fraud and the possibility of exposing your portfolio to low-value ventures. Moreover, airdropped tokens might be insecure. Without a sizeable market to trade on, these tokens will be worthless.
In this blog, we will look at the top 10 best upcoming crypto airdrops in 2024 and give a bird's eye view of their characteristics. This list has been compiled in-house and should not be considered investment advice. Investors should base their investments on thorough due diligence.
Understanding Crypto Airdrops
A crypto airdrop is one of the marketing techniques in which tokens and coins are distributed among the addresses of the wallets. A tiny task, like retweeting a message from the firm creating the digital money, can earn users small amounts of cryptocurrency which are then pushed into the wallets of active participants in the blockchain community for free. The main goal of a cryptocurrency launch or airdrop is to increase awareness and circulation of a new token or coin.
How Does Crypto Airdrop Work?
Crypto-Airdrop is one of the key tools that blockchain entrepreneurs use to promote and get the initial capital for a virtual currency project. It aims to the project with a big audience trying to get them to trade the cryptocurrency after it is placed on a virtual exchange like in the initial coin offering.
Airdrops are quite popular, with companies promoting them through their website, social media profiles and crypto-oriented forums. These digital currencies are only transferred to the addresses which have been generated by the blockchain network, or the currencies are kept in the wallets.
To take part in that, the person should have a certain number of cryptocurrencies in his wallet. By this approach, a bounty can be tied to a particular activity, e.g. posting on social media interacting with the blockchain community or writing a blog.
Types of Crypto Airdrops
- Standard Airdrop
In a traditional crypto airdrop, the participants openly ask to get the airdrop. People have to fill in a valid wallet address and some airdrops do not require any extra info. Usually, the standard airdrops come with a pre-set number of tokens to be distributed with a limitation on how many tokens each recipient may receive. Therefore, some airdrops have a particular time frame. However, these types of airdrops are popular owing to their convenience, but you still cannot prevent a single user from making multiple wallets and draining the airdrop amount quickly, making them harder to collect.
- Bounty Airdrop
The act of engaging in airdrop for Bounty cryptocurrency involves completing certain tasks. This implies mobilizing the use of Twitter with a post about a certain program or simply having the firm tagged on social media posts in a bid to increase the initiative's awareness. If you refer other users, join our Discord channel, or subscribe to be updated about the project, you will receive some referral incentives or finder's fees. Users get points for their actions as a kind of reward. It may vary and the more points they receive, the bigger the bounty airdrop they take part in. Users will be awarded a specified number of points upon completion of certain tasks to qualify to receive the airdrop.
- Holder Airdrop
Holder crypto airdrops do this notification automatically, based on holding other existing tokens and the number of held tokens. As wallets and blockchain information are part of an address space that is publicly distributed, all those using blockchain have open access to insights on wallets and the distribution of coins. One negative point is that holders may not be interested in those holders who own tokens that they do not want an airdrop. By contrast, whale air drops lead to the highest of these people enjoying the benefits at the expense of the lower holders. Some airdrops of holders may only reward tokens if members are holding at least some amount of tokens and then pro-rate the amounts if they do not hold the minimum amount.
- Exclusive Airdrop
An exclusive sort of holder airdrop, an individual crypto airdrop, takes place when someone is individually selected to receive crypto in a scenario of an airdrop. Another distinction that is going to be drawn is they may not be selected by how many tokens an individual has but based on other elements such as how many posts an individual made in a forum, how much money an individual spent on the non-token activity, or how much time an individual dedicated to the project. An airdrop by itself can be unfair because it only benefits those close to the project again. It will possibly be distributed to wallets that even may not hold any tokens.
- Raffle Airdrop
Some of the airdrops you can list here will also be offered with raffle airdrop. More often than not, the project will state a known amount of airdrops they are going to give and the participants are taught how to get a raffle ticket. The owner of this ticket might win it by holding tokens, receiving points, or just showing the boxes. Finally, the people who want to carry out the airdrop will likely exceed those who wish to carry out airdrops by the company. So, a raffle happens, which means that the wallets are selected by random draw and the selected ones get the airdrop.
Let’s Find Out the Top 10 Best Upcoming Crypto Airdrops in 2024
1. Solana Gods
Solanagods meme coins capture the infectious humor and widespread appeal of memes, transforming them into a powerful presence in the world of cryptocurrency. Each coin is carefully crafted to showcase the most iconic and beloved memes that bring joy to our lives. By celebrating these key elements of contemporary culture, Solanagods meme coins not only entertain but also embody the spirit of our modern world.2. Camelot - $Cam3lotIntroducing Camelot, the ultimate innovation brought to the realm of crypto airdrop platforms. With a scheduled release in 2024, Camelot is now the most anticipated airdrop ever heard of in cryptocurrency history. Through the lens of social interaction and inclusivity, Camelot in cryptocurrency embodies the shimmer of optimism. Driven by the force of innovators and propelled by advanced technology, Camelot allows users an unprecedented opportunity to enter forthcoming token sales and receive generous returns for their investments. Do not release the opportunity – become a part of Camelot now and be a part of the future of crypto airdrops development.
3. zkSync – ZKSFor the year 2024, zero-knowledge cryptography gained the spotlight, with zkSync making efforts to improve account abstraction and the whole paymaster smart contract. On the other hand, the Bacle platform does not carry tokens yet. The zkSync community of users and developers is stuffed with lands of an airdrop. Different bridges for transferring ETH to zkSync, LP tokens on DEXs like SyncSwap, and token trading can be among the criteria for KZS airdrop. Interaction with different dApps, NFT collection upgrades or sales can also bring you KZS coins. A community of various dapps is provided along with the possibility of buying, minting or trading NFTs which can be done via Element Market.
4. Pacmoon, PAC on BlastThe L2 ecosystem introduces the coin known as Pacmoon - a decentralization of the coin that puts the community in charge. X has this feature of earning Pacmoon which includes making posts and comments on X and also brings engagement with followers. Hopes were high: Season 2 ended on 5 April and concluded with Season 3. Having the Passmo telegram bot to perform the required tasks, Pacmoon can reward you with these tokens: $, PAC, and X if you create an original work about this topic or describe its international characteristics. Furthermore, you can multiply the number of tokens received by merely providing $PAC liquidity on Thruster Finance Further information is outlined at www.pacmoon.org.
5. LayerZero ZROLayerZero as an interconnected interoperating protocol is based on “Oracles” that improve links between chains. This feature enables users to complete their tasks on one chain while keeping the reservations on another. Some people regarded the ZRO token airdrop as being highly expected but the address of which has not been announced, yet. To be eligible for rewarding the LayerZero bridge transactions, some prerequisites need to be fulfilled: the number of operational transactions through bridges, the volume, the data relating to the active time, the number of LayerZero chains (i.e. new L2), etc.: this data needs to be provided.
6. Blast, Points and GoldBlast is one of the popular airdrop farms which let users blow Airdrop points and blast gold. Developers can also generate yields and allocate them among users through distributed rewards like Points and Gold. The community of Blast welcomes new members through the use of an invite code, and people can invite others, which results in earning a referral reward boost. Developers would earn awards, with the number of games they can develop being equal to the total sum of the dapps they create. The devs should feed these points to their users, but this is not NCW. Nodes can be given Blast Gold when users use smart contracts and can distribute these coins through smart contracts, however this is not obligatory.
7. MetaMask MASKMetaMask, one of the favourite Web3 wallets is about to debut the MASK coin. The team has had a reference to the production of MASK a coin some time back but there was no plan disclosed. The launch planning might involve things like swapping tokens inside the MetaMask wallet, accessing the MetaMask mobile portfolio, working with dapps as well as using the EVM chains and using MetaMask to perform all logical tasks across different blockchains.
8. Nifty Island, ISLANDEl Nifty Island is currently undergoing its second round of airdrop innovations, building a new level for the gaming ecosystem through which community members can design content and use NFTs. Players will be allowed to build their islands and can interact through the sharing of hurdles. Eligibility requirements are that you have an account on the Nifty Island website and then visit the sites to collect the Blooms and finish the quests. Contributing community NFT halves provide additional rewards while the community supporting the active community can expect the fund to bloom. Nifty Island Palm NFTs along with other perceptions also have an edge.
9. OpenSeaOpenSea may not ever have an official token, but the popularity of Blur NFT marketplace and Magic Eden's rise as a prominent NFT platform suggest it might. The OpenSea Pro launch in April 2023 introduced community rewards, and airdrops may be involved. Rival Blur's BLUR token and Magic Eden's Diamonds have increased activity on the platform. OpenSea could be looking to improve its economy with a native token. Potential airdrop criteria include buying it from the marketplace or Pro, listing it for sale, setting up smart contracts, customizing profiles, and buying on supported chains.
10. Lens Protocol LENSWithin the Web3 ecosystem, Lens Protocol is a popular social dapp allowing users to communicate with various social dapps by interacting with a.lens user name. There are rumours of an airdrop, with potential criteria including purchasing a Lens profile NFT, posting messages on Lenster or other platforms, following other users with a Lens account, and exploring features on Lens Protocol-built social dapps.
11 . LineaLinea, an EVM that provides a zero-knowledge environment for Ethereum security, offers developers the opportunity to build dapps on a replicated Ethereum environment with lower transaction costs. While an airdrop from a Linea share would have a market capitalization that exceeds the figure of $725,000,000 it looks like an attractive possibility for a developer. The token itself is not going to be there seeing as how Consensys has denied it stating that purchasing a spot on the Linea Voyage campaign won’t result in a token being awarded to you. Consequently, there are two initial actions for the successful Linea participation: (1) ETH conversion into Linea via Stargate Finance and (2) using DeFi platforms like SyncSwap to trade the tokens. When a user decides to be active in any campaign related to the Linea ecosystem, they will be able to access Layer3. Partaking in the campaigns of The Linea voyage earns you the LXP which does not get sold but only serves as an indicator of your presence and active participation.
Conclusion
Airdrops is a method through which crypto fans might get tokens as an award for their dedication. The top 10 best upcoming crypto airdrops in 2024 give the participants a chance to become early investors in this fast-growing sector. It is crucial to underscore that the list provided is the outcome of our research and cannot be construed as investment advice. Before considering any investments, it is important to carry out a comprehensive level of due diligence to verify the legality of a project. Additionally, it is essential to stay updated about developments in the crypto world.