Crypto communities use airdrops to distribute free tokens to an active community. Airdrops are a promotional strategy for new projects to reward existing users and get more people involved. Additionally, airdrops are a unique opportunity for crypto enthusiasts and newbies to acquire tokens without financial investments. Hence, staying informed about airdrops is quite essential.
Airdrops usually require participants to complete tasks like referring friends, liking and sharing social media posts, and being active in a community. Whatever the tasks or the rewards are, airdrops are rewarding and worth watching out for.
2024 holds promises for some very rewarding airdrops; we will tell you all about them in this article.
LayerZero
The LayerZero project is a blockchain interoperability protocol that facilitates messaging across blockchain networks. By providing the necessary underlying infrastructure for decentralized applications (dApps) to function across multiple blockchains, LayerZero is an innovative project that has been sought after keenly.
LayerZero raised over 263 million dollars in several funding rounds, and it has since been expected that users who use dApps built on LayerZero will qualify for an airdrop once they launch the token.
The initial distribution of LayerZero ($ZRO) is as follows:
- 25% allocated to the Ecosystem fund
- 19% is allocated to airdrop, of which 5% is for the initial DEX offering.
- 19% for core contributors.
- 17% is allocated to investors.
- 20% allocated for creators of public good ( RPGF)
In December 2023, LayerZero officially announced via Twitter that there would be a token distribution in the first half of 2024.
To be eligible for the LayerZero airdrop, you'll need to bridge tokens to the Layer Zero network and interact with Layer Zero dApps, inclusing liquidity farming, swapping, staking and voting, etc.
StarkNet
StarkNet is a supplementary network on top of Ethereum and is a decentralized, permission-free validity rollup, or "ZK rollup." This preserves Ethereum's compatibility and security while enabling any decentralized application to have infinite processing power. The reason for this is that StarkNet makes use of the most scalable and secure cryptographic-proof system, STARK.
StarkNet deployed its native token, $STRK for about two years, but it has neither been allocated for sale nor airdropped. However, last month, StarkNet officially announced a 1.8 billion $STRK airdrop.
At this time, it is uncertain whether the snapshot of the eligible participants have been taken or not. However, if you still intend to weigh in your chances, you can participate in the tasks, which include:
- Creating a StarkNet Wallet
- Bridge Layer-1 EVM tokens from your wallet to the StarkNet.
- Interact with the DEXes on Starknet by buying, selling, swapping, and providing liquidity.
- Engage in farming on StarkNet.
Repeat the processes again and again to accumulate a high transaction volume, which may boost your chances of qualifying for an airdrop.
ZkSync
ZkSync is another project built on the Ethereum blockchain. It is a layer-2 solution designed to speed up transactions on Ethereum and reduce gas fees with zero-knowledge (zk) technology.
Due to the problem it solves, ZkSync has a growing ecosystem of decentralized apps built on it, hence establishing itself as an important Layer-2 solution for the Ethereum network.
As things stand, there has been no official confirmation of a ZkSync airdrop or token; however, due to the project's continual innovation and high level of activity, it is highly likely.
Given the success of several Ethereum-related tokens in the past, like Arbitrum and Optimism, it is rumored that there will be a ZkSync airdrop.
To position yourself for a potentially huge ZkSync airdrop, you need to become an early adopter of ZkSync by participating in testing phases, which include:
- Connecting your wallet to the ZkSync mainnet.
- Bridge Layer-1 EVM tokens from your wallet to the Layer-2 mainnet.
- Mint NFTs via the platforms on the ZkSync network.
- Engage in farming on the ZkSync network.
- Provide liquidity for DEXes on the ZkSync network.
To maximize your chances of winning the airdrop, complete several transactions repeatedly to accumulate a high transaction volume, which may be beneficial to you. Also, many projects reward users who utilize their platforms consistently for months.
Creating Your Own Community Airdrop With Cwallet
If you have a crypto community, airdrops are a great idea. Airdrops are a form of reward that will open the doors for more engagement for you. Everyone loves rewards, and getting free tokens for doing little to nothing will encourage your community members to be active and engaging, thus growing the community.
You don't need to be a big-name crypto project like the ones listed above before you can organize your airdrop. Cwallet has made it all easier. When you use Cwallet, you can do it through Cwallet's Airdrop Arena Game or Telegram communities.
Cwallet Arena Airdrop Game
This feature allows communities to compete in a game for the airdrop prize. First, you must sign up or log in to your Cwallet account. You then need to locate the app tools, from where you will see a list of available games to choose from. Set the game details, including the token for reward distribution, the total amount to be distributed, and the number of points distributed among participants.
Points earned in the game will determine the airdrops' rewards. Users are in control of their winnings as they are based on players' performances. Also, the game is open until all rewards are claimed. The rewards are automatically distributed to the participants' Cwallet accounts, which they can swap or withdraw at no fee. Additionally, the Cwallet Airdrop Arena game allows customization based on each community's unique character.
Telegram Communities Airdrop
If you own an active Telegram community, you should utilize Cwallet Telegram bots to automate your airdrops in a transparent and verifiable manner. You can choose how to organize community airdrops with a simple command prompt. You could make the airdrop random and reward community members who can quickly type a keyword, the most active members, or even those who can quickly grab it.
To set it up, you need to:
- Create a Cwallet account for your project
- Send in some tokens for your project
- Link your Cwallet account to your Telegram channel or group.
- Add the Cwallet bot to the Telegram group
- Organize and customize your airdrop.
Check out step-by-step procedures for creating a Telegram community airdrop with Cwallet.
Final Thoughts
As a crypto newbie looking to access a token without any financial risk or investment, you should be on the lookout for projects organizing airdrops, get active, and engage in these communities, and you stand a great chance of getting tokens for free. In the same vein, if you are a project owner who wants to increase awareness or reward active participants, then airdrops are a great way to go.
Undoubtedly, whether you are at the giving or receiving end of any airdrop, you need a wallet like Cwallet to help you achieve your goals. Register now to get started!
