Top 3 Upcoming Crypto Air Drops 2024

Crypto Airdrops in 2024

Some possible crypto airdrops to look out for in the second half of 2024 include Layer 2s like Linea, Eclipse, Fuel, and Scroll, along with other projects like Grass, Karak, Initia, Berachain, Zora, and Farcaster.

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Key Takeaways

• A growing trend in token airdrops is the adoption of a point system which is used to stimulate user participation and liquidity.

• There has been a good number of airdrops every year since 2020. To increase your chances of qualifying for an airdrop, you can look into becoming an early user of projects that are likely to offer airdrops.

• Airdrops allows projects to bootstrap liquidity, while also distributing governance rights to users to participate in the future of the project.

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Interested in receiving some free crypto in your wallet? As part of their token launch, some cryptocurrency projects send free tokens to their communities to drive adoption, an activity commonly known as “airdrops.” But what are airdrops, and how do you qualify for these free tokens? Read on!

What Are Crypto Airdrops?

Cryptocurrency projects are big on incentivization as a way to drive interest towards their brand and the product itself, and airdrops are designed to introduce users to the project and reward them in the process as a dual marketing and reward system. As you'll see in the list below, one of the most common ways to improve your eligibility for new airdrops is to use the testnet or interact with the protocol. 

Early airdrop programs were basically structured to introduce a new or existing project to the cryptocurrency community by rewarding new users who perform simple social tasks. On completion, the participants receive a certain number of token rewards. Currently, airdrop programs are adopting a point system, where the points users earn are converted to a share of the airdropped tokens. Users can usually earn these points by taking part in the project’s testnet, providing liquidity, and engaging in social tasks. 

Over the past five years, airdrops have changed as the goal has shifted towards rewarding early adopters and significant contributors. After Uniswap’s high profile airdrop in 2020, where $6.43 billion worth of UNI was distributed (valued at its ATH token price of $42.88), every year has recorded significant airdrops:

• On 25th December 2021, OpenDAO airdropped a major portion of its SOS token to NFT traders on OpenSea. 

• Some of the most popular airdrops of 2022 were BAYC’s Apecoin airdrop to its NFT art holders, Ethereum Layer 2 network Optimism’s airdrop of its OP token, and Aptos’s airdrop to its early adopters.

• In 2023, we've already seen the Arbitrum airdrop, with over 42 million ARB claimed in the first hour. Other high profile airdrops in 2023 include Celestia's TIA and Blur.

• According to the CoinGecko Q2 2024 report, there were 21 notable airdrops including Ethena, zkSync, LayerZero, EigenLayer, and friend.tech, which added $7.7 billion to the overall crypto market cap in Q2 of 2024.

With the year 2024 already upon us, let’s take a look at some likely airdrops that might be happening soon, and how you can qualify for these upcoming crypto airdrops.

Do note that unless specified otherwise, these potential airdrops are highly speculative and a feature in this list is no guarantee that an actual airdrop will happen in the future.