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.
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.
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:
Improving Your Airdrop Eligibility
You can improve your airdrop eligibility for Linea by bridging assets to Linea and taking part of Linea Voyages to earn LXP. You can also provide liquidity by holding assets on Linea, which will let you accrue LXP-L.
Improving Your Airdrop Eligibility
To improve your chances of qualifying for a potential Scroll airdrop, you can participate in several promotional programs related to Scroll, including the testnet program. With the mainnet live, you can also deposit to Scroll and take part in Scroll Sessions to receive Marks.
