Wednesday, April 24, 2024

Top Upcoming Crypto Airdrops in 2023

2023 is shaping up to be a HUGE year for airdrops. In recent years, people made up to $50k on Optimism, $30k on ENS, $18k on Uniswap, $6k on Aptos but there are many more opportunities around the corner. This article will focus on top upcoming crypto airdrops that we’ve got our eye on.

There are very little cases in life where you can earn hundreds (or thousands) of dollars for very little effort. Airdrops are one of them and although it may cost a bit of time and patience, in the long run it’s well worth it. We’ll be releasing more articles on smaller ecosystem airdrops in the future. Let’s dive in!

Arbitrum

This is probably the most anticipated airdrop in crypto. The Arbitrum token and airdrop is coming sooner than we think. People made $10,000-$50,000 from Optimism. Arbitrum is next. Don’t miss out on what is potentially the biggest airdrop of the year.

Arbitrum is a layer-2 solution designed to scale Ethereum. It lowers network congestion and transaction fees from Ethereum’s mainnet. It was developed by OffchainLabs, who raised $120M from the likes of Lightspeed Venture Partners, Alameda Research, Redpoint Ventures, Polychain Capital & Mark Cuban.

Here’s your full step-by-step guide to putting yourself in the best position to receive an Arbitrum airdrop.

1. Bridge to/from Arbitrum. Use bridge.arbitrum.io to bridge assets from other EVM chains to the Arbitrum network. You can do this with any amount (however generally the more the better).

2. Interact with Arbitrum dAPPS. Arbitrum is home of 127 dAPPS. However, we would focus on Arbitrum focused applications first. These include: 

You can also interact with other major Arbitrum protocols such as:
Here are a few examples of what I mean by “interacting”:
GMX: Open a trade, deposit GLP.
Dopex: Deposit veDPX, deposit into a straddle vault.
Uniswap: Provide liquidity, swap assets.
3. Participate in Arbitrum Odyssey (important). This was an 8-week initiative that was launched in June, which involved users completing a series of tasks to win NFTs.
Due to network congestion, they paused Odyssey. However, with the launch of Arbitrum Nitro (a major network upgrade), it is expected to be resuming shortly. This will likely be the no.1 prerequisite to receive an airdrop.
Watch our tutorial video here

MetaMask

We know the long-awaited $MASK token is coming soon. Most of us use MetaMask, but we’d recommend using these features on several occasions (if you haven’t already):

– Swap
– Bridge
– Staking
– Use the wallet for DeFi activities
Watch our tutorial video here

Starknet

StarkNet is a general purpose ZK-Rollup built using STARK cryptographic proof system. It is a ZK-based L2 scaling solution, which utilizes STARK proofs to alleviate blockchain congestion. Their Mainnet is live soon, and although it’s getting late to qualify, there may still be some opportunities.
1. First you need to set up Argent wallet, download & set it up & be sure to switch to mainnet. You’d also need to have your MetaMask set up, we believe we all have that, switch chain To Ethereum mainnet & deposit $ETH
2. Let’s interact on Starknet bridge, visit starkgate.starknet.io, next connect both Starknet & Ethereum wallet & be sure to be on mainnet on the both. Let’s bridge from $ETH To $STARK set amount you want to transfer, & click transfer, then confirm transaction in metamask. Bridge could take up to 3-6hrs, due to the Starknet Network once you’ve successfully bridged to Stark, We’d interact on Mint Square, which is also on mainnet, we purchase a few NFTs for some cents.
3. Visit Mint Square, connect your Argent wallet & be sure to be on Stark Network. Now click on those underwater Nfts that cost cents, then click buy now & click purchase, then approve transaction in Argent. You shouldn’t spend more than $1 & Transaction go take long.
4. DAO Voting. Any Strategy Is To Vote On Stargate Dao Proposal, To Be Able To Vote, You Need To Buy & Stake Stargate Token Visit app.uniswap.org/#/swap, Swap Some Eth To STG Then Visit stargate.finance/stake/eth, Set Amount To Stake, Duration, Then Click Create Stake & Confirm In Metamask. Now Visit snapshot.org/#/stgdao.eth, Click On Join & Click Sign In MetaMask Select A Proposal To Vote On, But For Now There’s No Proposal Do well to keep tabs.

SEI Network

Sei is built on Cosmos, and is the first sector-specific L1, specialised for trading to “give exchanges an unfair advantage”. Airdrop is confirmed (they will be distributing 1% of all tokens to beta testers).
Sei launched their incentivized testnet Act 4 on October 29th and a fixed airdrop amount is allocated to act 4, so you are not late Basically, you have 5 tasks to do to earn points The more points you have, the more airdrop you get.
To start, you will need Kepler Wallet.
– Get it here: wallet.keplr.app (Connect wallet then install it on Chrome)
– Create a new wallet
– Go to trade.vortexprotocol.io and connect wallet
– At this point you can select SEI Network on your Keplr wallet
– Join their Discord discord.com/invite/sei
– Go to the # atlantic-1-faucet channel and claim sei testnet token
– Go to trade.vortexprotocol.io and “Trade” Deposit UST2.
– Set up a limit order
– Go to explorer when pop-up shows up
Watch our tutorial video here

Shardeum

Shardeum is an EVM-based, linearly scalable smart contract platform that provides low gas fees forever while maintaining true decentralization and solid security through dynamic state sharding.

Shardeum aims to be a chain capable of onboarding over a billion people to the blockchain and crypto revolution. 5% of the tokens are reserved for the community to be distributed via Airdrops. Here’s How To Interact To Be Eligible For Future Rewards

– Add Shardeum to Metamask
– Request Tesnet tokens https://faucet.liberty10.shardeum.org
– Use network

Now interact on two swap protocols building on Shardeum blockchain SwappedFinance and ShardeumSwap. For the now this are the two major swaps protocol on shardeum blockchain.
Watch our tutorial video here.

LayerZero

LayerZero is an interoperability protocol designed to connect multiple chains. This allows it to Seamlessly bridge assets across multiple chains, Achieve cross-chain composability and functionality. Think of it as the ultimate interoperability infrastructure layer.

LayerZero has huge backers, raising a massive $135m from FTX, Coinbase, PayPal (their first ever web3 investment), a16z, Sequoia Capital and more. Interoperability is undoubtably one of the most exciting future crypto narratives, and LayerZero is at the forefront. They currently don’t have a token. But $ZRO is widely expected to be launching sometime in the near future.

Following many other project’s successful approaches to executing airdrops, Layer Zero is likely to follow a similar strategy.

1. Vote on Stargate Finance

Stargate is the first Layer Zero protocol, thus it makes sense to start here.

– Buy $STG on an exchange
– Go to https://stargate.finance/stake
– Stake your tokens for voting power
– Regularly vote on proposals: https://snapshot.org/#/stgdao.eth

By voting on governance proposals, you’re becoming a DAO voter. This makes you an active network participant, which may be a prerequisite for a potential $ZRO airdrop.

2. You can use a small amount of money to:

– Deposit into vaults
– Trade on DEXs
– Swap assets

As long as you’re active and consistently using the ecosystem.

3. Use the Aptos Bridge.

It allows you to move USDC, USDT, and ETH into Aptos from Etheruem, Arbitrum, Optimism, Avalanche, Polygon, and BSC.

To be safe, interact with the bridge at least 3 times per month. Simply transfer stablecoins back and forth between chains using the bridge. This can be done with any amount, but I’d do $10+ per transaction.

4. Use the USDC X LayerZero bridge.

You can simply transfer $10 from Georli Testnet to Avalanche: https://usdcdemo.layerzero.network

Quai Network

Quai Network is an L1 network of chains, which utilises a combination of merged mining and sharding. It has 5 Testnets launching prior to Mainnet (thus an airdrop is likely), as well as adoption incentives. Quai Network confirmed you can earn an airdrop through a set of actions. The steps are quite simple:

1. Join their Discord

Steps:

– Join the discord http://discord.gg/quai
– Verify
– Go to the citizen role channel
– Take the questions quiz > ABDBCDABDC
– Done

2. Connect your socials

Steps:

– Go here http://dashboard.quai.network
– Connect your socials

3. Social interactions

Steps:

– Follow @QuaiNetwork

– Follow some people:
@AlanOrwick
@blucheckpending
@clarkcrav
@0x_COLE

– Reply to a @QuaiNetwork tweet
– Like & retweet their tweet
– Make a tweet and tag @QuaiNetwork

Aztec Network

Aztec is a privacy-first zk-rollup on Ethereum bringing confidentiality and cost savings to the Ethereum ecosystem. zk.money is a Layer 2 privacy app built on top of the Aztec network. Aztec raised $119.1M in funding during 4 rounds, led by Paradigm, a16z, A Capital, Coinbase Ventures, ConsenSys.

zkMoney enables anonymous money transfers, similar to what Tornado Cash aims to accomplish. It also allows private DeFi investments. zkMoney is in its V2 stage, and deployed on mainnet 6 months ago. The protocol is fully functioning.

Currently, No official announcement, no token confirmation from Aztec team. Big VCs are involved, which could indicate a token down the road. How to position yourself for $AZTEC airdrop, if it happens:

STEP 1: Register

1. Go to http://zk.money
2. Click Shield Now
3. Retrieve Aztec Address
4. Connect Wallet
5. Sign in
6. Retrieve spending key
7. Sign
8. Copy to clipboard (and save in a safe place)
9. Pick alias
10. Pick a registration speed
11. Deposit 0.1 ETH min

STEP 2: Use DeFi features (i.e. Aave, Lido, or ElementFi)

1. Go to http://zk.money/earn tab
2. Try a couple of investment options

STEP 3: Shield more ETH

– Click “shield” on http://zk.money/balance, paste your alias, select the amount, and confirm the transaction

(it lasts around 3h until the transaction proceeds, it’s executed in a batch)

STEP 4: Send money between 2 wallets

– Go to http://zk.money/balance, click “Send to L2” and add the recipient
– Then confirm the transaction

These funds are sent privately inside of Aztec L2 (like doing a transaction in zkSync). It’s not happening on Ethereum Mainnet

STEP 5: Withdraw to ETH L1

Go to http://zk.money/balance, click “Withdraw to L1”, and add the recipient

💡 Tips

– Withdraw to a different wallet than the one used to deposit
– Do not deposit/withdraw exact amounts, eg. 1.2327 ETH
– Better operate with round numbers

Here are a few tips for those that are new to the airdrop game. Stay up to date with project updates. If you’re going for an airdrop, it’s important to stay in the loop. Make sure you join their Discords & also follow the projects you like on Twitter.

Follow @coingyaan for more crypto alpha. Join Coin Gyaan Telegram, a great community of people sharing information and helping each other.

Monesh Kumar
Monesh Kumar
Monesh Kumar is a cryptocurrency and blockchain enthusiast. He trades cryptocurrencies and holds some but he prefers holding Bitcoin, Ethereum & Cardano.

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