Token airdrop is the new trend in the market that is popping up in popularity after Aptos Token Airdrop Event. In this Guide, we covered the Top 5 Upcoming Airdrops with their Guides.

A Cryptocurrency airdrop is an event where a Blockchain project rewards people with free tokens. It is basically done by startups to promote their project and their new token. In an airdrop event, the project distributes its native token to early users. There can be many criteria to be eligible for an airdrop but this is one of them. 

Sometimes, users have to complete simple promotional activities before they can claim, such as following the project’s social media account and sharing their posts. Most airdrops share the same vision – increase awareness and overall interest in the project. Some are done directly into users’ wallets, while others require a manual claim.

As sweet as airdrops looks, they can be fraudulent too. Fraudulent airdrops can steal your wallet funds when you claim or transfer your free tokens. Always make sure to confirm the legitimacy of the project before claiming an airdrop. Never connect your wallet to an airdrop site before you confirm if it’s the actual one.

How do crypto airdrops work?

There are different types of crypto airdrops, but they usually allocate a small % of the token supply being distributed to early users. The criteria to judge to be eligible for an airdrop can be different for different projects. Although less common, there are also projects that giveaway NFTs instead of regular crypto. 

Some projects will do the distribution without asking for anything, while others will ask you to perform certain tasks before claiming. These tasks often include exploring the ecosystem, making some transactions in testnet or mainnet depending on your budget, or holding some minimum amount of coins in your wallet. Maximum of times, tasks are not disclosed till the day of that particular airdrop. So, it completely depends on you on how much you can explore the ecosystem and the project built on it. You can also follow the socials of that particular project to stay updated.

1inch and Uniswap are good examples that airdropped tokens to users who had interacted with their ecosystem. Those were worth thousands of dollars and this is a very popular method to support early adopters.

Why Airdrops?

As mentioned, blockchain projects give out free tokens in an attempt to gain wider adoption and grow their network. A higher number of holders is often seen as a positive metric, which also makes the project more decentralized in terms of token ownership. Crypto airdrops also motivate recipients to use and promote the project. This can help cultivate an initial user base before the project lists on crypto exchanges.

On the other hand, airdrops might also give a false impression of growth. So, it’s important to consider other factors when evaluating adoption. For example, if hundreds of thousands of addresses are holding a certain token, but no one is really using it, then the project is either a scam or simply failed to captivate the community.

Top 5 Upcoming Airdrops for 2022

Arbitrum Token Airdrop

Arbitrum is a layer 2 solution designed to improve the capabilities of Ethereum smart contracts — boosting their speed and scalability while adding 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 for users who’ve used their bridge and explored their ecosystem.

Here are Steps to Perform to Increase your chances

Capital Requirement: Less than 10$

Potential: $1500

• Bridge ETH to Arbitrum one
• Join Guild Roles
• Trade Regularly on GMX Exchange
• Participate in DAO Governance
• Buy Arbitrum Odyssey NFT
• Bridge ETH to Arbitrum Nova
• Be an Active User

Check out this video Tutorial for more details

zkSync Token Airdrop

zkSync is building a Layer2 Blockchain network based on ZK Rollups. Its current functionality scope includes low gas transfers of ETH and ERC20 tokens in the Ethereum network, atomic swaps & limit orders as well as native L2 NFT support.

zkSync has already announced that they will launch their native token in the future. Trying out the mainnet and testnet may make you eligible for an airdrop in the future. Although, The company has repeatedly stated that it doesn’t have a token yet, asking users not to rush and warning them of possible scams.

Steps

Capital Requirement: Less than 10$

Potential: $1500

• Bridge ETH to ZkSync Wallet
• Trade on Zigzag Exchange Regularly
• Use Argent Wallet on Zksync Network
• Donate on Gitcoin through Zksync
• Explore ecosystem
• Use Zksync Testnet

SUI Blockchain Token Airdrop

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 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 a Chrome extension.

Steps

Capital Requirement: 0$

Potential: $1000

• Download Sui Wallet
• Get Devnet Tokens
• Mint Sui Name Service Domain
• Trade on Movex
• Trade or Mint NFT on Bluemove
• Explore ecosystem

Check out this video Tutorial for more details

StarkNet Token Airdrop

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 its 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.

Steps

Capital Requirement: less than 10$

Potential: $1000

• Download Argent wallet
• Bridge ETH to Argent Wallet using Orbriter Finance
• Swap on 10KSwap
• Mint NFT on MintSquare
• Explore ecosystem

LayerZero Token Airdrop

The project is an omnichain interoperability protocol that enables the realization of cross-chain applications with a low-level communication primitive. In simple words, it is a new dimension of crypto bridging with the goal to connect all EVM chain and unify liquidity pools.

On the one hand, there is a chance to qualify for a possible airdrop by using the free testnet. Among others, it is possible to test the USDC Layer Zero Bridge and the Liquid Swap Bridge. On the other hand, Stargate Finance offers a very interesting opportunity. The liquidity transport protocol has raised $135 million in funds led by very renowned backers, such as Sequoia Capital, PayPal Ventures, FTX Ventures, Andreessen Horowitz, Coinbase Ventures, Tiger Global, Uniswap Labs, and other investors.

Steps

Capital Requirement: less than 10$

Potential: $1500

• Buy STG from Uniswap, and stake it on Stargate Finance
• Use USDC Testnet Bridge
• Use ETH/APTOS Bridge on Liquidswap
• Be an Active user of Stargate Finance

How to claim an airdrop?

As mentioned, the process will vary from project to project. But the most important thing you need for claiming an airdrop is a cryptocurrency wallet. MetaMask is a popular and easy-to-use crypto wallet. After that, you can check if your wallet received free tokens. If not, you will likely have to interact with a website to claim the airdrop.

Do check out our video on Top 10 Upcoming Crypto Airdrops

Closing thoughts

Crypto airdrops allow crypto projects to stand out and gain traction in the crypto space. It can also be a good way for crypto enthusiasts to grow their portfolio with up-and-coming tokens. However, there are likely more scam airdrops than legitimate ones around, so be careful and make sure to do your own research before participating.