Looking for some genuine crypto airdrops or crypto giveaway? Airdrops are gradually gaining popularity in the cryptocurrency market. Airdrops are an innovative way to grant rewards to crypto users for sharing their ideas and support to the crypto community. Here we are going to discuss best crypto airdrops and their importance in the crypto market.
Best Crypto Airdrops and Giveaways
We are sharing here some best crypto giveaways and crypto airdrops so that you can earn some free crypto in real as there are many scams in the name of cryptocurrency airdrops.
Polkaswap
Polkaswap is an advanced platform that allows you to swap tokens between the Polkadot and Kusama networks, as well as their Parachains. Right now, they’re hosting an airdrop event.
To take part, all you need to do is create a SORA account, engage in trading, and provide liquidity on Polkaswap. What’s in it for you? Well, this airdrop offers a total of $34,000 worth of XSTUSD tokens to users who complete simple tasks. On top of that, you have the opportunity to earn up to $140 worth of XSTUSD by completing these tasks. And if you refer your friends, there’s a chance to increase your rewards even further. In fact, the top 10 referrers could receive up to $1,000 worth of XSTUSD. Visit Airdrop page
Pika Protocol
Pika Protocol is an Ethereum-based decentralized perpetual swap exchange that provides users with high leverage and deep liquidity. It operates as a permissionless smart contract, seamlessly integrating with the entire DeFi ecosystem. Unlike other decentralized exchanges that rely on off-chain order books controlled by centralized teams, Pika Protocol is a trustless protocol that allows trading directly from other smart contracts.
This month, Pika Protocol is starting an airdrop to reward early users of the platform. They will be distributing a total of 6. million PIKA tokens to these users. Visit Airdrop page
GoMining
GoMining token (GMT) is changing the game in cryptocurrency mining. They’ve come up with a super easy solution that doesn’t require expensive equipment or a ton of technical know-how. Plus, their token, GMT, also acts as a way to prove you’re a legit user in their system. It’s pretty cool because now anyone can get into crypto mining without having to spend a bunch of money upfront or deal with all the complicated stuff.
As part of the Zealy airdrop program, GoMining is giving away a whopping 225,000 GMT tokens (which is worth about $30,000). All you have to do is complete Zealy quests to earn XPs, and you’ll have a better chance of scoring some awesome rewards. Visit Airdrop page
xBank
xBank is a decentralized non-custodial liquidity market protocol. This protocol efficiently manages deposits for lenders and enables borrowers to access the deposited assets while implementing robust risk management measures to safeguard lenders from illiquidity and insolvency risks. You will:
- Receive free XB tokens for depositing or borrowing funds on the platform;
- Earn esXB tokens by connecting your zkSync wallet and taking part in deposit or borrow actions. visit airdrop page
Wall Street Memes
Wall Street Memes wants to help tokenize the retail movement against Wall Street’s control over financial markets. Right now, Wall Street Memes is giving away 50,000 WSM tokens to 5 lucky participants in a giveaway. We will randomly select 5 winners, and each winner will receive 10,000 WSM tokens. Visit Giveaway Page
Metatime
Metatime is a blockchain that tackles the speed, security, and scalability challenges faced by blockchain networks by using the Proof of Meta (POM) consensus mechanism. With POM, users have the flexibility to select the mining method that best suits their hardware capabilities.
Metatime is currently hosting an airdrop event where they are generously giving away a whopping 200,000,000 MTC tokens. The top 100 participants will have the opportunity to share 20,000,000 MTC tokens among themselves. As for the remaining participants, they will receive a portion of the prize pool based on their rankings on the leaderboard. Visit Airdrop page
WuuTrade
WuuTrade is an innovative financial platform that stands out from the rest. We’ve completely changed the game by introducing a fresh approach to the financial markets, making trading a truly enjoyable experience. Our dedicated research and development team is constantly working on enhancing WuuTrade to ensure it excels in the financial markets. With WuuTrade, you can explore historical charts of your preferred financial instrument and trade at an accelerated pace.
To mark the exciting launch of WuuTrade they offer 15 fortunate winners the opportunity to win $350,000 in $WUUT. Visit Airdrop page
LooksRare
LooksRare, which was introduced in 2022, is an NFT marketplace that operates in a decentralized manner. It stands out from the competition by offering users rewards for both trading and listing digital items on their platform. This unique rewards system has proven to be quite enticing, attracting a significant number of users. As a result, by the end of 2022, LooksRare had managed to surpass OpenSea, the long-standing leader in the NFT market, in terms of market share.
Currently, LooksRare is in the midst of its second season of the rewards program in September 2023. As part of this program, they are airdropping a whopping 5,000,000 LOOKS tokens to those who achieve high rankings on the leaderboard. Visit Airdrop page
Camino Network
Camino Network is a platform at Layer 1 that aims to provide blockchain solutions for the travel industry. Camino is compatible with EVM and supports Solidity, which makes it easier for different chains to work together. To reward users of the platform, Camino is running a promotion where the top 100 leaderboard finishers will receive CAM token rewards. To climb the leaderboard, users need to complete various quests from the Zealy quest board. These quests include joining different social media channels, creating a Camino wallet address, and more.
If you want to participate in the CAM airdrop, don’t forget to connect your Camino wallet address to your Zeally profile. visit airdrop page
What are Airdrops?
In cryptocurrency, the term “Airdrop” is used for the event when utility tokens are distributed for free to crypto users who take part in a token sale. However, some projects distribute airdrops without an ICO launch. Learn more about ICO/Token Sale
Airdrops actually is a marketing gimmick used to attract crypto users to take part in an ICO. Users can get these free coins irrespective of their geographical location, sitting anywhere in the world. However, some airdrops are subject to state jurisdictions and regulations.
To receive airdrops, users must produce a KYC (Know Your Customer) form. This is a method to verify legitimate users in the network (Think twice before sharing any of your sensitive information). Verified users must produce their wallet address to receive the coins.
How do Airdrops Work?
Airdrops are fresh tokens that are distributed free during the launch of an ICO to attract the attention of potential customers. Airdrops can be used for upcoming ICOs or established blockchain networks to help investors differentiate between old tokens and the fresh new tokens.
Fintech companies who use financial technologies use airdrops to lure new investors and to market their upcoming projects in the crypto world. Interested users have to complete certain protocolsand provide their wallet address days before the airdrops are generated in the market.
Advantages of Crypto Airdrops
- Airdrops are an innovative way to launch new ICOs and crypto coins in the market and gain the attention of potential investors.
- Airdrops are helpful in launching utility tokens which can later be used for the development of a blockchain project, attract more investors, and to extend the blockchain community.
- The fundamental of airdrops is to reward users who take part in the ICO. This not only helps to build a market for the new token but also gains the trust and confidence of the users towards the project.
- Project marketers gain free access to millions of data like KYC details, personal information, and wallet addresses provided by the users who want to avail airdrops. This is a unique way to leverage business and gain access to thousands of potential investors.
Why do Airdrops issue tokens for free?
In simple words, airdrops are just like business promotional campaigns or trade fairs where companies distribute free samples in order to advertise their products.
Airdrop is a marketing strategy whereby companies try to spread the word about their new project. Airdrops give an opportunity to crypto users to exchange their crypto coins for money. People who sign up for the projects spread the word to their families, friends, and other crypto users and this is how the campaigns gain excess to millions of crypto users.
How safe are crypto Airdrops?
Airdrops are completely safe. However, you can follow certain safety protocols like:
- Never share your private keys with the network.
- Never share any of your sensitive info related to any of your account on Internet.
- Look for a legitimate website. Read the reviews and complaints of the company.
- Use a separate email, there are high chances of getting spam emails.
Conclusion
Crypto airdrops are the next big thing and are one of the most effective marketing strategies to launch new cryptocurrency projects. But the bad news is that airdrops are not completely devoid of scams. Investors who want to participate in airdrops must educate themselves about the legitimacy of the project. Beware of projects who want you to share your private keys or ask you to send funds during any time of the process.
