Crypto Protocols Reward Early Users with Token Airdrops
Wondering how crypto protocols incentivize and reward early users and contributors? One way is through token airdrops. These airdrops involve distributing protocol tokens to individuals who have played a role in building and promoting a network or app. Not only do these tokens give users a say in decentralized governance, but they also hold value.
While not every airdrop will make you rich, there have been cases where users collectively earned millions of dollars in tokens. Additionally, some crypto tokens increase in value over time.
Recent high-profile airdrops from projects like Blur and Pyth Network may inspire you to look for the next big protocol that rewards user participation. However, it’s important to note that most projects now prefer retroactive airdrops to reward past activity, so if you haven’t already interacted with these protocols, you may have missed out.
Jito: Solana DeFi Protocol Airdrop
Jito, a Solana-based DeFi protocol, recently launched its JTO token airdrop. The airdrop’s collective value reached $225 million on the day of its launch. If you used Jito before the airdrop snapshot, check if your wallets are eligible to claim JTO tokens.
Starknet: Ethereum Layer-2 Scaling Network Airdrop
Starknet, an Ethereum layer-2 scaling network, plans to host an upcoming STRK token airdrop. The exact eligibility requirements and timeframe for the airdrop haven’t been revealed yet, but if you’ve used the Ethereum scaler, stay tuned for updates.
Blast: Ethereum Layer-2 Scaling Network Airdrop
Blast, an Ethereum layer-2 scaling network founded by Blur’s creator, has attracted significant attention despite controversies. Traders have staked around $834 million worth of ETH in hopes of earning airdropped tokens. Following Blur’s successful airdrop, Blast aims to replicate its approach and generate user incentives.
Jupiter: Solana DeFi Aggregator Airdrop
Jupiter, a popular Solana-based DeFi aggregator, is expected to launch an airdrop soon. Nearly a million wallets that have used Solana’s leading decentralized exchange (DEX) are eligible for the airdrop. Jupiter has also released a tool to help claimants determine their share of JUP tokens.
Portal: Gaming Token Airdrop
Portal, a project aiming to bridge the gap between crypto games with a single cross-chain token, is generating buzz on Crypto Twitter. The project incentivizes users to spread the word about its upcoming PORTAL airdrop on Twitter. More details about the project are gradually emerging.
Saga: Crypto Gaming Protocol Airdrop
Saga, a crypto gaming protocol that assists developers in creating game-specific blockchains, plans to launch its mainnet in January. Testnet developers will receive the first airdrop, while community members will be eligible for a follow-up drop. However, the requirements for participation are expected to be high.
Tensor: Solana NFT Marketplace Airdrop
Tensor, Solana’s leading NFT marketplace, has been teasing an upcoming airdrop for months. By incentivizing trading activity with points, traders can earn a share of tokens. With the rise of Solana NFT activity, this could prove lucrative. Tensor’s NFT project, Tensorians, may play a role in the airdrop.
Hot Take: Airdrops Provide Opportunities for Crypto Users
Airdrops are a popular method for crypto protocols to reward early users and contributors. While not all airdrops lead to significant gains, they can be an exciting opportunity to earn valuable tokens. Projects like Jito, Starknet, Blast, Jupiter, Portal, Saga, and Tensor are among those offering airdrops. By staying informed and engaging with these protocols, you may have the chance to claim your share of tokens and participate in decentralized governance. Don’t miss out on potential rewards—explore the world of token airdrops and stay tuned for upcoming opportunities.
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