The crypto markets are entering what could be one of the most volatile weeks of 2024, with major US economic events on the horizon. As analysts brace for increased market swings, crypto airdrops might offer investors a way to benefit without upfront investments.
Airdrops distribute free tokens, often as a strategy to gain followers and expand a project’s user base. This week, five notable airdrops are worth keeping an eye on.
Confidential Layer
Confidential Layer advertises itself as the first decentralized protocol linking public and privacy blockchains. It operates as a non-custodial cross-chain protocol, offering a bridge between public and private blockchains.
The network launched its airdrop campaign on October 30, with a total airdrop pool of 35% of the total supply of CLONE tokens. Allocations are available for all eligible participants.
“Over 35% of the token supply is allocated for airdrops and incentives, built for the community and rewarding early adopters. We’re here to recognize and support those who join us early,” the project noted.
Read more: What are Crypto Airdrops?
To qualify for the airdrop, farmers must engage in specified tasks, including completing social assignments and referring friends. It delivers an exciting adventure to secure exclusive rewards, with airdrop distribution expected to take place in December 2024.
PAWS
Operating as a Telegram mini-app looking to reward users for their digital footprint within the TON ecosystem, PAWS airdrop stands confirmed. It features a reward system that recognizes and incentivizes user engagement on the platform.
The PAWS airdrop offers eligible users an opportunity to claim tokens based on their Telegram activity and previous participation in related airdrops.
“Users who received tokens from the DOGS, NOT, and HMSTR airdrops are eligible to participate in the PAWS token distribution,” a paragraph on the page read.
This strategic approach to eligibility comes as PAWS commits to rewarding long-term Telegram users and early adopters of similar projects. Additionally, the airdrop features a unique point-based system, allowing users to earn additional rewards through referrals and completing social tasks to earn PAW points.
BulbaSwap
BulbaSwap enables users to execute token swaps for AI and meme coins while offering opportunities for liquidity providers to earn rewards.
The project recently confirmed its upcoming airdrop through its project documentation. A credits-based system has already been implemented to reward early platform adopters. Focusing on active traders, liquidity providers, and referral partners, these three participation categories form the basis of the BulbaSwap airdrop program.
“This structured approach ensures that participants contributing to different aspects of the ecosystem can earn their share of the future token distribution,” BulbaSwap said.
With the credits program currently active, users can accumulate points based on their platform engagement. Bridging Ethereum (ETH) to Morph L2 is one of the participation criteria, with the “boost” page providing one avenue to maximize credits. Additional mechanisms include combining trading, liquidity provision, and referrals, participating in different trading pairs, and maintaining consistent platform activity.
Meanwhile, the BulbaSwap airdrop confirmation came after the project closed its $1.3 million seed round led by Foresight Ventures. Morph L2, MEXC Ventures Labs, and Kronos Research also participated in the fundraiser.
dGEN1
Combining the functionality of a traditional smartphone with native Web3 capabilities, Freedom Factory confirmed an airdrop program exclusive for dGEN1 device owners. It will reward the project’s early adopters and supporters with a share of a dedicated token pool. The distribution is set to commence in spring 2025 (March), coinciding with the delivery of the dGEN1 devices.
Read more: Best Upcoming Airdrops in 2024
The airdrop utilizes a unique NFT-based claim mechanism. Each dGEN1 device owner receives an NFT that represents their right to claim an equal share of the airdrop pool. The pool’s composition includes various tokens, with the exact value and distribution per holder transparently displayed on a dedicated website.
“Added 0.5% of our reflection token to the dGEN1 airdrop pool, so the buyers of EthereumPhone [ethOS] can claim both our token and the reflections that accrue while we wait for delivery,” OG Baby Miggles noted.
This suggests that dGEN1 buyers could also be potentially included in future airdrops for Ethereum-based projects.
The post 4 Crypto Airdrops for the First Week of November appeared first on BeInCrypto.
