Key Airdrops Based on ETH, SOL, and XRP Blockchains in 2024

A crypto airdrop is an initiative for newly launched projects to attract more Web3 users to their platforms and subsequently introduce their tokens. Crypto airdrops typically offer free tokens, NFTs, and digital collectables in return  for easy tasks and thus increase platform engagement and trust.

Requirements for Participating in Airdrops

Applicants need to have ETH, SOL or any of the major cryptocurrencies on the respective blockchains. Users need to have a crypto wallet ready. All the blockchains have their own wallets, which most of their users use.

Ethereum Based Airdrops

EigenLayer Airdrops

It is an Ethereum-based protocol that introduced the idea of staking, a concept that allows Ether and other tokens to be re-staked on the consensus layer.

The Airdrop will distribute $500 in addition to governance tokens that will offer participants input into future project choices. It will be especially exciting for users who are interested in DeFi and community-based initiatives.

The wallets that are acceptable for this airdrop includes MetaMask, Coinbase, and WalletConnect.

Wormhole

It is a universal message-passing protocol that permits cross-chain message transfer with the usage of a protocol designed to enhance interoperability among heterogeneous blockchains, which includes Ethereum, Solana, Terra, and Binance Smart Chain.

It has raised $220 million in funding from traders like Coinbase Ventures and Multicoin Capital. There are ongoing speculations that they will announce airdrops for customers in their cross-chain bridge. Wormhole’s bridge app is called Portal; using the Portal app can make them eligible for the airdrop if they launch their token.

Aptos

It is a layer-1 blockchain that primarily focuses on scalability, safety, reliability and upgrade as its key principles. A team of 350 developers has created it over the past three years. 

The projects in its ecosystem include DEX SushiSwap, NFT data infrastructure NFTScan, and the NFT game Werewolf vs. Witch.

Solana Based Airdrops

Kamino Finance

It aims to offer the easiest possible method of providing liquidity and earning yield on-chain. It is a protocol that claims to successfully merge lending, liquidity, and leverage into a single product.

Its products are designed in a way that offers transparent analytics, detailed performance data, and extensive position information. As of now, Kamino Finance does not have its native token but is planning to launch it in the future. They have ensured that the users will soon start earning points on the platform, including for previous transactions with the platform. So, the users will be allotted an airdrop based on the points for their tokens going live. 

Potential Task for Kamino Finance Airdrop 

Lend and Borrow crypto on Kamino Lend

Stake $SOL

The official website for the same is https://app.kamino.finance/

Parcl

It is a Solana-based DEX that focuses on perpetual futures trading and enables cross-margin perpetual trading on real estate markets. The potential Parcl tasks for airdrops include making a trade.

They have also introduced point systems under which users are eligible to earn points for trading and providing liquidity. It is highly possible that the users who earn points might get an airdrop if they launch their token.

Phoenix 

It is a decentralized limit order book based on Solana that supports markets for spot assets. It facilitates instant settlement, unlike other trading books based on Solana. It does not require an asynchronous crank to settle trades.

It also does not have its own native token nor have they shared any near-term plans for launching one. Its activities include trade execution.

XRP Based Airdrops

Evernode

It is a layer 2 project that aims to work on introducing smart contract capabilities to the XRP ecosystem. It took a snapshot of the XRP blockchain on September 1, 2023. The team says that it will use this snapshot to airdrop EVERS tokens to users once the Xahau Network platform is set to launch.

Conclusion: Things to Keep in Mind for Airdrops

Airdrops are a popular method for cryptocurrency projects to distribute their tokens to users, investors, and supporters. They are usually free tokens or coins distributed among a selected range of individuals based on certain criteria.

The things to consider while applying for an airdrop are Tokenomics, eligibility criteria, trustworthiness, and growth potential.

FAQs

What is a Crypto Airdrop?

A crypto airdrop is a process to distribute new coins or tokens to users or existing holders.

Are crypto airdrops profitable?

The profit and loss depend on the hype, demand, and other aspects of the airdrop. More hype and demand increase the probability.

Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.