There is no such thing as a free lunch, yet the crypto industry offers something close. Crypto airdrops are a popular marketing strategy to promote blockchain projects, foster engagement, and get people to talk about cryptos. In this article, we’ll explore the top 10 upcoming airdrops in 2024 for Indian investors. But let us first understand what crypto airdrops are.
What are crypto airdrops?
Crypto airdrops are free giveaways of cryptos to the crypto community. Performing an airdrop is a business or marketing strategy. However, they reward participants generously, hence their popularity in the crypto space. Crypto airdrops can vary from new tokens to NFTs where instant airdrops are sent to user wallets. However, participants need to accomplish certain tasks to become eligible for a crypto airdrop,
The purpose of a crypto airdrop
The purpose of a crypto airdrop depends on the specific project, but the goals are broadly the same.
- To get people to talk about the crypto project and its related token.
- To garner the attention of participants in the crypto community.
- To promote projects and reward supporters.
- To build community engagement and social media presence.
A snapshot of 10 notable crypto airdrops
The crypto industry has some notable crypto airdrops scheduled for 2024. Here is a list of upcoming crypto airdrops in which Indian crypto investors can participate:
Basic Attention Token (BAT)
The Basic Attention Token (BAT) is an Ethereum-based crypto that is at the forefront of revolutionizing blockchain-based digital advertising exchange. Created by Brendan Eich, the co-founder of Mozilla and Firefox, its native token BAT ranks among the top 200 cryptos by market cap.
Crypto airdrops are usually associated with new projects, but not necessarily, as in the case of BAT which was launched in 2017. One such token is the BAT airdrop. Users can earn BAT tokens for browsing the Brave web browser, a browser exclusive to BAT, and viewing Brave Ads.
Telos
Telos is a Layer-1 EVM blockchain, co-founded by Justin Guidici and Lliam Buckley in 2018. Its native token TLOS governs the ecosystem and facilitates transactions and liquidity.
Telos launched Tekika, an airdrop campaign that brings together some of the most important elements of the blockchain ecosystem, including NFTs, DeFi, GameFi, and community rewards.
Mintlayer
Mintlayer is a Layer 2 protocol built on top of the Bitcoin blockchain. It is a sidechain or a separate blockchain linked to the main blockchain that allows users to bring DeFi, smart contracts, and decentralized exchanges (DEX) to the Bitcoin Network.
Mintlayer has a referral program where users can earn 5 ML tokens by referring a friend.
Open Meta Trade
Open Meta Trade is a decentralized futures exchange that allows users to trade cryptocurrencies, stocks, and INDEX on its platform. Its native token is OMT, which is a governance and utility token.
Open Meta Trade is celebrating a new milestone with an airdrop. OMT hit its all-time high, clubbing this achievement with the upcoming Incentivized Trading Testnet. The platform is giving away $10,000 in $USDCr.
OP Names
Akin to Ethereum Naming Service (ENS), OP Names is a domain name service that offers an easy alternative to Optimism addresses as addresses in cryptos are notorious for being lengthy and not human-friendly. OP Names is built on top of the Optimism blockchain.
OP Names launched an NFT airdrop for its community’s active community members, Beta Testers, Mainnet domain holders, and special NFT holders.
Dracoo World
Dracoo World is a virtual play-to-earn (P2E) blockchain game. It allows users to collect, breed, and battle dragons. Users can also buy or sell virtual lands and create their worlds within the Dracoo ecosystem. In addition, users own their virtual gaming assets and can also earn profits. While the game is still in development, the Dracoo World has an upcoming airdrop where early adopters can get a chance to win from 10,000 DRA tokens slated for airdrop.
DeFiChain
DeFiChain is a blockchain dedicated to decentralized finance (DeFi) built on the Bitcoin network. It is the largest DeFi blockchain in the Bitcoin ecosystem offering fast and transparent services like decentralized lending, token wrapping, and exchanges. DeFiChain’s native token DFI serves as its utility token that facilitates transactions and incentivizes users.
DeFiChain is offering participants a chance to win a share of the 259,000 DFI tokens in airdrop.
Tamadoge
Tamadoge is a play-to-earn (P2E) meme coin built on the Ethereum blockchain. It brings together the concept of NFTs and P2E, providing an immersive gaming experience to users. TAMA is the native token of the Tamadoge ecosystem and players can own in-game assets and earn TAMA while playing the game.
Tamadoge concluded an airdrop of $3,000 worth of TAMA to 10 lucky participants.
Human Divergence
Human Divergence is a community-backed play-to-earn gaming metaverse set in a dystopian universe. The game’s objective is for the players to become powerful and players can achieve that by owning their divergents and accessories as NFTs.
Human Divergence is holding an airdrop in collaboration with WineBottleClub and InterCellar. Participants can win NFTs featuring InterCellar NFTs and Human Divergence Emblem NFTs.
HexHash
HexHash is a Web3 protocol that aims to propagate Web3 usage. It provides solutions to develop technologies like artificial intelligence (AI), IoT(Internet of Things), and blockchain technology. It offers data networks that allow users to showcase their credentials across wallets. Its native token is HEXH.
HexHash is giving away 100 HEXH tokens to early adopters. This offer is limited to the first 10,000 participants.
Conclusion
Crypto airdrops help crypto enthusiasts familiarize themselves with emerging and established projects in the crypto space. Learning about a new project is one thing, but getting hands-on experience launching new crypto tokens builds trust and commitment. The cherry on top, of course, is earning rewards in the form of airdrops. Please note that the list of upcoming airdrops is tentative and is subject to change depending on the project developers and the team behind it.
