Early adopters of Web3 can earn crypto rewards through airdrops, receiving free tokens valued at thousands of dollars. These airdrops target specific users who meet certain criteria. In this article, we’ll delve into the top 10 crypto airdrops of 2024, highlighting key features, eligibility criteria, and how users can participate.
Airdrops are a marketing strategy that Web3 teams distribute tokens to qualified wallets for free
What are Airdrops?
Airdrops (or crypto airdrops) empower development teams to reward early participants and create an initial distribution among their most hardcore customers or users. Crypto airdrops can serve a distribution purpose, while also becoming a marketing vehicle and onboarding mechanism. The tokens distributed through airdrops can vary depending on the project. Some projects distribute utility tokens, while others distribute governance tokens.
Airdrops enable crypto projects to boost brand awareness, draw user attention, and enhance their token value
Developers create a crypto airdrop to establish a market for their tokens instantly. In addition, this automatically gives value to the tokens that have not been distributed yet. After an airdrop, the project has a treasury made up of its tokens.
10 Biggest airdrops in 2024
Biggest airdrops in 2024
1. LayerZero (ZRO)
LayerZero is a blockchain interoperability protocol that facilitates communication between different blockchain networks. To participate in the LayerZero airdrop, users must transfer tokens to the Layer Zero network and engage with various dApps such as liquidity farming, swapping, staking, and voting.
Token Reward: ZRO tokens based on online activity.
Eligibility: Use LayerZero tokens and decentralized applications (dApps) to qualify.
2. StarkNet (STRK)
StarkNet is an additional layer built on Ethereum, offering a decentralized validity rollup known as a “ZK rollup.” Eligibility for the StarkNet airdrop involves establishing a StarkNet wallet, transferring Layer-1 EVM tokens, participating in decentralized exchanges, and engaging in farming activities.
Token Reward: STRK tokens.
Eligibility: Complete various quests and engage in platform activities
3. ZkSync
ZkSync is a layer-2 solution on Ethereum that aims to enhance transaction speeds and reduce gas fees. To be eligible for the ZkSync airdrop, users should become early adopters by actively participating in testing phases, creating NFTs, and providing liquidity for decentralized exchanges.
Token Reward: ZkSync tokens.
Eligibility: Join ZkSync in the testing phases and participate in platform activities.
4. Ether.fi
Ether.fi is a decentralized, non-custodial delegated staking protocol with a Liquid Staking Derivative token. Eligible for the airdrop are early adopter program participants, ether.fan NFT holders, eETH/weETH holders, DeFi pool/vault participants, badge earners, and referrers.
Token Reward: ETHFI tokens.
Eligibility: Engage with Ether.fi by holding ether.fan NFTs, eETH/weETF etc.
5. Jupiter (JUP)
Jupiter is a decentralized finance (DeFi) platform that operates on the Solana blockchain. Eligibility for the Jupiter airdrop involves integrating Jupiter into the Solana wallet and actively engaging with decentralized protocols.
Token Reward: JUP tokens.
Eligibility: Integrate Jupiter into the Solana wallet and actively engage with decentralized protocols.
6. Base
Base is a Layer 2 blockchain layer built atop Ethereum and serves as the blockchain platform for Coinbase. Qualifying for potential airdrops within the Base ecosystem can be achieved by utilizing the platform for asset bridging.
Token Reward: BASE tokens.
Eligibility: Use Base for asset bridging.
7. Scroll (SCRL)
Scroll is a layer 2 blockchain designed for Ethereum developers, offering a swift, reliable, and scalable network. Users can actively engage with decentralized protocols on the Scroll network to qualify for a Scroll airdrop.
Token Reward: SCRL tokens.
Eligibility: Use SCRL for asset bridging.
8. Taiko (TKO)
Taiko aims to be a fully Ethereum-equivalent ZK-Rollup to scale Ethereum while maintaining its technical and fundamental principles. Eligibility for the Taiko airdrop involves swapping test tokens and completing quests on Taiko's Galxe page, such as taking quizzes and visiting pages.
Token Reward: Taiko tokens.
Eligibility: Engage in testnet activities and complete quests on Taiko's Galxe.
9. Mode Network
Mode is a modular Layer 2 solution built on Ethereum, working in collaboration with Optimism to establish an on-chain cooperative. To participate in the Mode airdrop, users can transition to Mode and contribute to the ecosystem.
Token Reward: Mode tokens.
Eligibility: Bridge assets, use ecosystem dApps, and refer friends.
10. EigenLayer
EigenLayer is an Ethereum protocol that allows restaking ETH or Liquid Staking Tokens for better security and rewards. To be eligible for the EigenLayer airdrop, users should interact with EigenLayer by staking rETH or stETH on the EigenLayer testnet, or on the main network when restaking opportunities are available.
Token Reward: EigenLayer tokens.
Eligibility: Interact with EigenLayer by staking rETH or stETH on the EigenLayer testnet or the main network.
Elevate Airdrop Strategy with Formo’s Analytics
Verify onchain users and elevate the airdrop strategy with Formo’s Web3 Forms
Airdrops are a stepping stone for Web3 teams to reach their early users, widely promote the token's value, and foster community engagement. In this article, we’ve introduced the 10 biggest airdrops, their chains, and their current status. Remember, even the best crypto airdrops need more granular research and extra precaution.
Formo’s Analytics is a cutting-edge marketing tool that empowers Web3 brands to collect, verify, and analyze both Web2 profiles (social media accounts) and Web3 profiles (wallet addresses, digital asset ownership) to build community, refine airdrop marketing strategies, and get product-market fit.
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