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Top 5 potential token airdrops not to be missed

More and more blockchains and decentralized finance (Defi) protocols are rewarding their early adopters by giving out free tokens via an airdrop. If you missed the one from Aptos (APT), here are 5 potential airdrops you shouldn’t miss.

Are cryptocurrency airdrops back?

This week, the launch of the Aptos blockchain main net has animated much of the crypto community. And for good reason, it was possible to enjoy a generous airdrop of one’s APT token, worth at least $1,000 in the first 24 hours.

If you missed it, don’t panic, this is not an isolated event. Token airdrop is a trend that has been as wildly successful as decentralized finance (Defi). At the beginning of 2021, countless protocols were using this practice: Uniswap, PoolTogether, 1inch, Pangolin, Mirror… But in concrete terms, what does it involve?

When a Defi protocol or a blockchain creates its token, it can choose to distribute a part of it for free to reward the so-called « early » users, i.e. those present since the beginning. Sometimes, these airdrops can reach huge amounts, like dYdX or Uniswap (several thousand dollars).

After a quieter period, the trend of airdrops has come back in force with the arrival of second-layer solutions on Ethereum (ETH). The first of them to have proceeded to its airdrop is Optimism (OP), but many others are expected to do the same in the next few months.

As our experts had explained on our private group of the Grille-Pain for Aptos, it was enough to carry out some straightforward steps to be eligible for this airdrop, the important thing being to do it before the announcement of the token and the launch of the mainnet of the blockchain concerned.

These steps will also have to be reproduced with the 5 blockchains and protocols that we will present to you below, which could carry out an airdrop of tokens soon.

LayerZero

To begin with, it will be neither a blockchain nor a decentralized application, but a clever mix of both: LayerZero. Likely, a token will soon be born since lines of code already mention its existence and its name: ZRO. However, the airdrop has not yet been officially confirmed.

Concretely, LayerZero is an Omni-chain interoperability protocol, which means that it allows the creation of applications that work between several blockchains. In other words, the goal is to bridge all so-called EVM-compatible blockchains and pool assets and liquidity pools.

With recent fundraising of $135 million, which incidentally saw the participation of PayPal, this airdrop of ZRO tokens could potentially prove to be significant. To try and take advantage of this, try using the few applications already launched on LayerZero, such as Stargate Finance for example.

Sui

The main competitor of Aptos, the Sui blockchain is now under the spotlight. The first common point, both blockchains use the Move programming language. Secondly, Sui has also raised a massive amount of money: 300 million dollars.

For the time being, the Sui blockchain is still in testnet. That’s why it will be necessary to perform some manipulations to perhaps obtain tokens and test the various decentralized applications (dApps) already available on the network, notably the few decentralized exchanges (DEX) and NFTs marketplaces.

Many are hoping that the Sui blockchain will offer them an airdrop on par with Aptos. This is the reason why their Discord server is currently under attack. So if you want to try your luck, you’ll have to be patient.

Sei Network

Sei Network is one of the first layer 1 blockchains dedicated to a specific sector. It is specialized in trading and every aspect of its infrastructure has been optimized to help exchanges work better and offer the best interface to their users.

An airdrop of tokens was confirmed several weeks ago. To become eligible, it is possible to perform a series of tasks on the testnet, such as connecting one’s wallet or placing buy orders on the Vortex exchange and have them validated by simply filling out a Google Document.

Quai Network

Quai Network is an unusual layer 1 solution, based on a consensus called Proof of Work 2.0. It is defined as a modular infrastructure made up of several superimposed chains according to a principle called Merge Mining, allowing it to achieve better scalability performance.

With the announcement of its QUAI token, the possibility of an airdrop has become somewhat clearer since tokenomics plans to allocate 3% to the community. In addition, Quai Network has implemented a rewards program for its users via various social networks, including Twitter, Discord, YouTube, and Reddit. Be active on these various platforms to qualify for a potential airdrop.

Atlantis

Atlantis is a new kind of decentralized lending application. It offers lending solutions without the need for collateral assets to institutional actors and companies, in exchange for complying with solvency audits. In other words, the idea is to finally attract these players to the world of decentralized finance.

To try to receive an airdrop, you can deposit a few USDCs in the two available liquidity pools. In addition to enjoying an attractive return, you could benefit from a potential airdrop in the coming months. Since Atlantis is based on the Polygon blockchain (MATIC), it shouldn’t cost you too much in transaction fees.

Bonus: StarkNet, ZkSync and other layer 2?

After the launch of the Optimism token, layer 2s on Ethereum was supposed to be the driving force behind a new season of long-awaited airdrops. Although some have already publicly announced the upcoming release of their tokens, the airdrops are still overdue and it seems that it is still possible to become eligible for them.

The two most expected are certainly StarkNet and zkSync. With relatively low fees, it doesn’t cost much to transfer funds and interact with the few protocols available. Besides, you will only need to use one wallet for both StarkNet and zkSync, namely Argent X.

Written by mbenfoddil

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