Since the start of this year, one of the most searched words on the internet has been “crypto airdrops.” This is not entirely surprising since millions of people globally have cashed out from various projects hosting these campaigns.
A crypto airdrop is a process where Web3 projects distribute their tokens to users’ wallet addresses. Often, these tokens are sent to those holding an existing crypto asset or those who performed a particular task.
This article discusses how crypto airdrops work. If you look forward to participating in any airdrop soon, this article is for you. We will discuss the top ten crypto airdrops that could break the internet in September 2024 and provide a step-by-step guide on participating in them.
What are Crypto Airdrops?
Crypto airdrops are marketing strategies blockchain projects use to reward users and early adopters. They are usually used to introduce a new project to the crypto space by promoting awareness and encouraging people to adopt its use.
There are different types of airdrops, and each is responsible for setting its participation requirements. To qualify to participate in an airdrop, users may be required to hold a certain amount of digital assets or complete simple tasks. These simple tasks include writing a blog post or discussing the project on various platforms.
After participating, users receive their reward as free tokens or coins being sent to specific wallets that support the network. Currently, airdrops run a points program where participants earn points when they perform social tasks, engage in the project’s testnet, or provide liquidity. These points are then converted to the tokens used as rewards.
Best Top Ten Crypto Airdrops for September 2024
1. Linea – The Surge
Linea is a type two zero-knowledge Ethereum Virtual Machine (EVM) developed by Consensys, a blockchain software technology company founded by its CEO, Joseph Lubin. It acts as a layer-2 scaling solution and records transactions on the Ethereum mainnet.
Linea allows developers to deploy decentralized apps (dApps) and smart contracts with reduced transaction costs, increased transaction speeds, and high security. It is running a points program in which users earn points based on their contributions to the network.
Linea The Surge is a program where users earn points as a reward for providing liquidity in the ecosystem. Users can earn LXP-L tokens by holding and using their assets on the Linea network. The program will last six months or until its total value locked (TVL) hits $3 billion. Linea’s TVL is around $540 million at the time of writing.
How to Participate in Linea – The Surge Airdrop
- Go to the Linea Voyage: The Surge page to activate and connect your wallet.
- ETH can be bridged to Linea using the official Linea Bridge or a third-party bridge to provide liquidity.
- Hold assets on Linea and deploy a minimum of $24 in liquidity into a protocol. This gives you access to earn points.
2. Berachain – Artio Testnet Airdrop
Berachain is an EVM-compatible layer one blockchain that uses the proof-of-liquidity consensus mechanism to support decentralized applications. Users can interact with the network’s testnet to qualify to participate in its airdrop to earn some $BERA tokens.
How to Qualify to Participate in the Berachain – Artio Testnet Airdrop
- Go to the Berachain Artio Testnet airdrop page.
- Fund your testnet wallet with some BERA test tokens using the Berachain Faucet.
- On Berachain Dex, swap some BERA tokens for stgUSDC.
- Mint HONEY, the network’s stablecoin, and stake the tokens.
- Trade some of your tokens on the Berachain Berpetuals platform.
3. Bool Network
Bool network is an open, decentralized, and secure verification layer that enables DeFi on Bitcoin. Now that the network’s testnet is live, users can earn free tBOL tokens when they perform on-chain tasks.
How to Participate in the Bool Network Airdrop
- Launch Bool Network Airdrop bot on Telegram.
- Complete the Telegram account verification to receive some tBol tokens.
- Perform social tasks to earn more points. The more tasks you complete, the more points you earn.
- Stake your tBol to claim your Boolean badge.
- Share your referral link to earn extra tBol tokens. The more tokens you earn, the bigger your airdrop allocation will be when the mainnet launches.
4. Jupiter Exchange
Jupiter is a decentralized exchange aggregator on Solana that allows users to swap, stake, and trade at cost-effective rates.
How to Participate in the Jupiter Exchange Airdrop
- Go to the Jupiter Exchange platform and connect your Solana wallet.
- Use the platform to perform swapping, staking, and perpetual trading activities.
- Add liquidity to the JLP pool to earn fees.
- Participate in the platform’s LFG Launchpad events to earn more rewards.
5. Fren Token
Fren Token is a memecoin on the TON blockchain. Users can earn 1,000,000 Fren tokens when they sign up and earn an additional 250,000 tokens for each referral.
How to Participate in the Fren Token Airdrop
- Launch the Fren Airdrop Telegram bot and sign up.
- Connect your TON wallet to receive 1,000,000 Fren tokens and refer people to earn 250,000 tokens each time.
- Follow the project on X and join their Telegram channel.
6. Moongate
The Moongate protocol allows creators to launch campaigns powered by smart tokens easily.
How to Participate in the Moongate Airdrop
- Visit the Moongate website and sign up.
- Complete tasks daily to earn points.
- Refer people to earn more rewards.
7. Retro Bridge
Retro bridge is an advanced cross-chain bridging solution that transfers assets across crypto networks.
How to Participate in the Retro Bridge Airdrop
- Go to the Retro Bridge Midday Journey website and connect your wallet.
- Complete various tasks on the quest page.
- Follow the project on X and join their Discord.
8. dumpy.fun
Powered by Save (formerly Solend) protocol and Jupiter Exchange, the dumpy.fun platform has announced that early users who interact with the website are eligible for an airdrop to earn some DUMPs tokens.
How to Participate in the dumpy.fun Airdrop
- Go to the dumpy.fun website and connect your wallet.
- Interact with the platform to become an eligible early user.
9. KAYEN Protocol
The team behind the DeFi project KAYEN Protocol has confirmed that users who complete tasks and earn points can participate in the airdrop.
How to Participate in the KAYEN Protocol Airdrop
- Go to the KAYEN league page, connect your wallet, and switch to the Chiliz network.
- Complete various tasks on the page to earn free points.
- Refer people to earn additional points.
10. The Vault
The Vault platform launched a points program that allows users to earn points by holding or staking vSOL tokens. The points are to be converted to governance tokens.
How to Participate in the Vault Airdrop
- Go to the Vault website and connect your Solana wallet.
- Stake your SOL on the platform to receive some vSOL tokens.
- Stake your vSOL tokens to earn points. Provide liquidity to the pool and stake your LP tokens to earn more points.
Frequently Asked Questions
How Do I Sell Airdrop Coins?
You can sell airdrop coins on a crypto exchange.
To get started, create a new account or open an existing one on your preferred crypto exchange that supports the coin and underlying network. Next, transfer the coins from the crypto wallet, where they are stored, to the crypto trading platform. Afterward, you can either swap them with other digital assets or sell them and withdraw the proceeds to your bank account.
When to Sell Crypto Airdrops?
Consider the current market conditions to decide when to sell your crypto airdrops. If the market is experiencing a drastic fall in price, you may deem it fit to sell your airdrop coins as soon as possible. However, if the market conditions seem more favorable, it may be best to hold your coins for a more extended period so that they can appreciate and you can earn more profits.
Can you make money from Crypto Airdrops?
Yes, you can make money from crypto airdrops.
How? Two ways.
First, you can make money by selling your free coins or tokens as soon as you receive them in your crypto wallet. Second, you can decide to hold these assets for an extended period with the hope that they will increase in value and help you earn more money when you finally decide to sell.
It is important to note that all financial investments are prone to loss, and crypto airdrops are no exception.
How do I accept Crypto Airdrop?
You can accept crypto airdrops by completing the tasks required by the blockchain project. Some projects may require users to hold a certain amount of a token in their wallets, while others may assign users social tasks.
How to identify fake airdrops?
The best way to identify fake airdrops is to do careful research. Follow the projects on their various social media handles and join their forums to thoroughly investigate their authenticity and trustworthiness. A common problem associated with fake airdrops is little to no posts or engagements on social platforms like X (formerly Twitter) or Telegram.
How do I withdraw from crypto airdrop?
Once you receive your airdrop coins in your crypto wallet, you can withdraw them from any crypto exchange supporting the network.
Final Thoughts
Crypto airdrops are activities in which blockchain projects create awareness among users and reward those who adopt them.
This article discussed ten important crypto airdrops to watch in September 2024 and answered frequently asked questions on the topic.
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