Airdrops are ways to earn extra money in crypto with speculative projects. However in the view of the distributor it’s a way to generate activity, liquidity and a wider crypto community around the project. Sometimes for these free tokens you have to stake your money on a network or complete different tasks. But let’s see what is an airdrop in short and what will be the top 3 crypto airdrops in 2024?!
What Are Crypto Airdrops? – The Top 3 Crypto Airdrops in 2024
Crypto airdrops are a method used in the crypto world to distribute tokens or coins, often as part of free crypto initiatives, to participants’ wallet addresses. Crypto airdrops are a key chain growth strategy for various crypto projects. Airdrops allow these projects to quickly build a user base and promote active participation in their network or community.
There are different types of airdrops. Some are straightforward distributions to existing wallet holders, while others, known as bounty airdrops, reward users for completing specific tasks. Exclusive airdrops target particular groups, such as early adopters or active community members. The criteria for receiving these airdrops are different, from holding a certain cryptocurrency to being an active part of a blockchain ecosystem. The token distribution process is typically automated, with tokens sent directly to the wallets of qualified recipients.
For the users, airdrops are opportunities to get free tokens, which might hold potential value or utility in the issuing project’s ecosystem, attracting crypto enthusiasts. However, it’s important to be careful with airdrops, as a project can sometimes be scams or fraudulent projects. Participants should always do their own research and only participate in airdrops from reputable and trustworthy sources.
What is ZKSync?
ZKSync, entering the ZKSync era, is a layer-2 scaling solution for the Ethereum network, aimed at improving the blockchain’s scalability and user experience. It uses rollup technology, specifically zero-knowledge rollups (ZK-rollups), developed by Matter Labs is a technology that allows for fast and secure transactions at a small percentage of the cost of Ethereum mainnet. ZKSync achieves this by combining a large number of off-chain transactions into a single proof, known as a SNARK (Succinct Non-interactive ARguments of Knowledge), which is then submitted to the Ethereum mainnet. This process guarantees the integrity of transactions while maintaining high throughput and low gas fees. ZKSync is designed to be fully Ethereum Virtual Machine (EVM) compatible, meaning it can support existing Ethereum smart contracts and assets without any modifications.
ZKSync is quickly became a significant force in the Layer 2 landscape, particularly with its live mainnet and an impressive total value of $600 million locked. Despite these achievements, zkSync does not yet have its own token. This gap presents an exciting opportunity for those interested in airdrops, as participation in zkSync’s ecosystem could lead to qualification for future token distributions.
To be considered for a zkSync airdrop, it’s crucial to engage with its mainnet using real funds. A key step in this process involves using zkSync’s official bridge, known as TX Sync, for transferring Ethereum. This bridge serves as zkSync’s primary connection to the Ethereum network and increases the chances of qualifying for an airdrop.
zkSync’s partnership with the GVT project, a decentralized exchange, is noteworthy. GVT, which is directly funded by Matter Labs, the developers behind zkSync, is closely integrated with the zkSync platform. This association suggests that involvement with GVT through its invite-only waitlist, might not only provide access to the GVT token but also to a potential mystery airdrop from zkSync itself.
The potential for a zkSync airdrop is still open, offering a renewed opportunity for those looking to participate. Utilizing the official bridge and getting involved with specific projects like GVT are strategic moves for anyone aiming to secure their place in a potential airdrop. In addition to these, zkSync’s ecosystem offers a variety of activities that could contribute to airdrop eligibility. These are like using exchanges like SyncSwap or interacting with games such as Robots.Farm or Tevaera.
What is Linea?
Linea, a new entrant in web3 and decentralized finance (DeFi), has quickly made its name as a blockchain platform focused on providing a user-friendly and efficient environment for decentralized applications (dApps). Developed by ConsenSys, a company valued at $7 billion and the force behind MetaMask and Infura, Linea is not just another blockchain project. With Ethereum co-founder Joseph Lubin at its helm, Linea’s foundation is both strong and innovative.
This Layer 2 solution, already active on the mainnet with $157 million of real money locked in, is a robust and potential project. Unlike other platforms that rely on testnet, Linea has made its shift to a mainnet-based approach. This decision, demanding real financial participation, aims to making sure that airdrops are distributed to real users, thereby increasing the platform’s integrity. The expectations are, that the upcoming crypto airdrop will happen in the first half of 2024.
The ‘DeFi Voyage’ program on Linea is an excellent example of the platform’s unique approach. Running until December 16th, this initiative offers accessible tasks tailored for both newcomers and experienced users. The program is more than just an airdrop opportunity; it serves as a comprehensive introduction to DeFi, guiding users through essential transactions like bridging via MetaMask and swapping on supported decentralized exchanges (DEXs).
Linea’s connection to ConsenSys’s product ecosystem, which includes significant projects like MetaMask and Infura, adds to the excitement surrounding its potential airdrops. Although details regarding the nature and number of these airdrops are currently speculative, the possibilities in this ecosystem are huge and promising.
What is StarkNet?
StarkNet, a decentralized, permissionless, and scalable layer-2 network, is making significant progress particularly in scaling Ethereum. Utilizing STARKs (Scalable Transparent ARguments of Knowledge) technology, StarkNet offers high-throughput and low-cost transactions. This network operates independently but benefits from the security and decentralization of the Ethereum blockchain. It supports complex smart contracts and decentralized applications (dApps), thanks to its ability to handle general computation. Its standout features include self-contained blocks, fast finality, and immense scalability potential.
In addition to its technical capabilities, StarkNet has gained significant support from major companies, including Coinbase, Intel Ventures, Sequoia Capital, and Polychain, demonstrating its credibility and potential impact in the blockchain ecosystem.
StarkNet is planning to launch its own token, STRK, in 2024. This token, currently in test mode for developers and investors. It will be used in network’s governance and consensus mechanism, as well as in paying transaction fees. Approximately 9% of the total STRK supply is expected to be distributed through an upcoming airdrop. To be qualified for this airdrop, users are required to participate in StarkNet’s products and services, which include platforms such as Argent X, 10KSwap, BrineFinance, MySwap, zkLend, and Nostra.
StarkNet really wants to build an active and lively community. They’re doing this by making sure people who really use and get involved with their products can get airdrops. This isn’t just about giving away their new token; it’s also about making their network stronger and more popular. They’re following a common strategy in the blockchain world, where giving people rewards for taking part helps the whole network grow and get better.