Table of Contents
By seeking crypto airdrops, You can make anywhere from a small amount of money on the low end to four or five figures on the high end. It can be a fun way to get free crypto, but you must know where to look and how to do it responsibly.
This blog will cover what airdrops are, their types, the best websites to find genuine crypto airdrops, and the top airdrops and giveaways happening in the first month of 2024.
What are Airdrops?
A crypto airdrop is a way to obtain free coins from a crypto project. These coins can be obtained in several ways. Free coins are frequently connected with an airdrop; however, this is not always the case. You are required to put in the necessary time and effort, or you may risk having to pay transaction costs. However, you can also take part in an airdrop for almost nothing!
A recipient might need to have a particular number of cryptos in their wallet to be eligible for the gift. Alternatively, they might be required to do a specific activity, such as publishing a blog post, interacting with a significant member of the blockchain project, or blogging about the coin on a social media platform.
For detailed information on airdrops, click here.
3 Major Types of Airdrops
- Retroactive Airdrop
Retroactive airdrops occur when a project gives its token to early users of its system. To participate, look for projects without tokens that might offer airdrops later. Engage with these systems, which might involve activities like using decentralized exchanges (DEXs), creating NFTs, or exploring various decentralized applications (dapps).
Examples from the past include Uniswap’s distribution of $350 million worth of UNI tokens to pre-token trade participants, Ethereum Name Service rewarding up to $20,000 in ENS tokens for registered domains, and Optimism granting up to $50,000 in OP tokens to certain users.
- Holder Airdrop
Holder airdrops allocate cryptos or NFTs to holders based on their wallet assets. Developers set criteria based on public ledger information. Such airdrops aim to promote projects or reward the existing community with new tokens or NFTs.
These airdrops can be valuable but require holding worthwhile projects. They often appear unexpectedly, making them a mix of luck and strategy. Researching project details, teams, and roadmaps can offer insights.
Past examples include Yuga Labs distributing 10,000 Apecoins, valued at $270,000, to BAYC NFT holders, Stellar Lumens airdropping 3 billion XLM to Bitcoin holders, and celebrities like Vitalik receiving significant token amounts for promotional purposes.
- Bounty Airdrop
Bounty airdrops involve completing specific actions like following a project’s social media, joining community groups, or engaging with content for rewards. These airdrops usually require filling out a form and providing a wallet address. Projects often collaborate with third-party platforms to offer such airdrops.
For example, CoinMarketCap has facilitated over 400 bounty airdrops. Though easy to participate in, these airdrops typically offer smaller rewards, like around $10, and may have limited availability, often relying on a raffle system.
Top Crypto Airdrops Websites
#1 Airdrops.io
Airdrops.io is a repository of airdrops that is available for FREE. To ensure the safety of the users’ funds, the website clearly states, “Airdrops.io is a free aggregator for crypto airdrops. We are not involved in the published airdrops in any way. Although we try to list only legit projects, we can not be responsible for any issues or losses due to scams. So make sure you never share your private to be safe!”
There are six types of airdrop categories: Latest, Hottest, Holder, Potential, Retroactive DeFi Airdrops, and Non-Fungible Token (NFT) airdrops. There is a huge volume of airdrops on this website; if you don’t want to miss out on important ones, you can subscribe to their newsletter and get regular updates in your emails.
#2 Airdrop Alert
Airdrop Alert is a cost-free platform to let individuals find legitimate airdrops and giveaways in the crypto space. Established in 2017 as a leading crypto airdrop platform, Airdrop Alert was created by Morten Christensen, the founder, to assist newcomers in the crypto space to steer clear of deceptive airdrops and giveaways. Airdrop Alert does thorough research before publishing any airdrop on the platform to ensure credibility.
The platform offers an extensive array of airdrop campaigns, expertly categorized into genres such as DeFi Airdrops, NFT Airdrops, New Airdrops, Featured Airdrops, Exclusive Airdrops, and Upcoming Airdrops. The platform also includes a historical record of past airdrop campaigns, fostering a comprehensive resource for individuals seeking a deeper understanding of the crypto giveaway landscape.
#3 AirdropBob
AirdropBob is yet another platform dedicated to curating a collection of major crypto airdrops. Like Airdrop Alert, AirdropBob functions as a valuable resource by providing users with comprehensive insights and essential tools for optimizing participation in any airdrop campaign featured on the platform.
With a great interface and user-friendly design, the AirdropBob website streamlines your experience, offering a chronological list of airdrops that extends from the most recent to still-active older campaigns. Moreover, AirdropBob also provides individuals the option to filter and search for airdrop opportunities based on a range of criteria, including blockchain type, status, social media presence, and more.
Now, let’s have a look at the top airdrops and giveaways happening in January ’24.
Top Airdrops & Giveaways in January ’24
#1 Jupiter Airdrop
The Jupiter airdrop, anticipated for the end of January, is generating significant interest in the cryptocurrency community. Individuals may need to meet specific criteria to participate, such as engaging with particular platforms or holding specific tokens. Understanding the exact requirements and timing of the airdrop is essential for potential recipients. As details continue to unfold, staying informed about the Jupiter airdrop’s specifics will be crucial for those interested in benefiting from this opportunity.
#2 Scallop Airdrop
Scallop stands as a groundbreaking peer-to-peer Money Market within the Sui ecosystem and holds the distinction of being the first DeFi protocol to secure an official grant from the Sui Foundation. This platform promises high-interest lending, cost-effective borrowing, Automated Market Making (AMM), and a digital asset management tool, all consolidated on a single platform. Additionally, Scallop provides an SDK tailored for professional traders.
Furthermore, Scallop has announced plans to introduce the SCA token, accompanied by an airdrop for its early adopters. Participants engaging in lending and borrowing activities on the platform will receive complimentary SCA tokens once they become operational.
#3 WallStreet Memes Giveaway
Wall Street Memes introduced its native crypto, $WSM, with a presale offering participants a chance to win up to $50,000 in token giveaways. Five lucky purchasers will each receive portions of $10,000 in $WSM tokens. Users can engage with Wall Street Memes across social platforms to enhance winning prospects.
Despite its limited utility, $WSM has gained traction as a meme-centric token, dedicating its entire supply to the community. With a total supply of 2 billion tokens, 50% is earmarked for the presale, spanning 30 rounds with escalating prices. Impressively, the project has amassed over $4 million within 10 days and aims to surpass a $30 million hard cap.
Conclusion
In this blog, we have mentioned the websites and projects organizing giveaways and airdrops for their users. You can participate in these events and get some free tokens. Although, it’s always advisable to do thorough research because of the unending scams happening now and then.
Don’t forget to DYOR. Happy Trading!
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
