Top 10 Crypto Airdrops for January 2024

2024/01/19 10:01:49

As the new year unfolds, the world of cryptocurrency continues to offer exciting opportunities, particularly in the realm of airdrops. January 2024 is brimming with a range of promising crypto airdrops, providing seasoned investors and newcomers the chance to expand their portfolios. In this article, we delve into the top 10 crypto airdrops to watch this January, guiding you through each one's unique features and participation details.

After several months of bearish pressure, the crypto market’s sentiment started lifting in late 2023 and into the early weeks of 2024, powered by optimism around spot Bitcoin ETF approvals and the upcoming Bitcoin halving. This was further bolstered by investors’ hopes for spot Ethereum ETF approvals by the US SEC in a few months and the Ethereum Cancun upgrade.

The mood in the market has lifted among expectations that bullish moves among Bitcoin and Ethereum traders could soon power an altcoin rally. Against this backdrop, several renowned and new projects have announced airdrop campaigns. Here are some of the best airdrops to explore in January 2024:

Evaluating Airdrops - What to Look for

Before jumping into the exciting world of airdrops, it's crucial to understand what makes an airdrop worth your attention. Key aspects to consider include the project's credibility, the potential value of the tokens, the clarity of participation rules, and the overall utility of the token in the project's ecosystem.

Here’s a deep dive into what crypto airdrops are and how they work.

Best Crypto Airdrops to Explore in January 2024

Now that you know how to find a good airdrop to participate in, check out some of the hottest airdrops happening in January:

1. Linea

Linea is a developer-friendly zk-rollup powered by ConsenSys, offering scalability and composability. It allows developers to build on a zkEVM without needing extensive knowledge in zero-knowledge technology. The project is backed by ConsenSys and focuses on zero-knowledge proofs and scalability solutions. Depending on activity level, the LINEA airdrop value can reach up to $15,000 per wallet.

How to Participate in LINEA Airdrop

To participate in the airdrop, engage with Linea's ecosystem, use both official and alternative bridges, trade on Linea DEXs, and participate in the LayerBank lending platform. Activities include using the Linea official bridge and alternate bridges, trading on Linea DEX platforms, participating in LayerBank, and registering a Linea Domain name. Costs include a minimum of $100 for bridging to Linea and gas fees.

When to Claim LINEA Airdrop: The airdrop date is unconfirmed; stay updated through Linea's official channels.

2. Manta Network

Manta Network is a blockchain ecosystem focusing on zero-knowledge applications, comprising Manta Pacific, an Ethereum Layer 2 solution, and Manta Atlantic, a Polkadot Layer 1 chain. It stands out for its focus on privacy and scalability, using zero-knowledge proofs to maintain privacy without sacrificing transparency. It is the fourth project listed on the KuCoin pre-market trading platform.

Manta Network is airdropping 30 million MANTA tokens (3% of MANTA’s total supply) to early users and supporters. It has become the third-largest Ethereum L2 network, topping Base and Metis, as of January 2024.

How to Participate in MANTA Airdrop

To check eligibility for the Manta Network airdrop, connect your Manta Pacific or Polkadot wallet on the Manta Network page. Eligible users include Manta Atlantic early supporters, active zkApp users, MantaFest participants, and various NFT and zkSBT holders. TIA stakers may also become eligible when the claim goes live.

When to Claim MANTA Airdrop: The MANTA airdrop campaign starts on January 18, 2024, and the claim period will last 180 days.

3. Marinade Finance

Marinade Finance is a Solana blockchain protocol offering efficient staking solutions and liquid staking through mSOL, enhancing Solana's performance and decentralization. Its appeal lies in providing users with liquidity, staking rewards, and governance rights via its MNDE token.

The "Earn: Season 1" initiative allowed users to earn MNDE tokens by staking SOL or liquid mSOL and through referrals. Rewards could be claimed post-January 1, given a minimum of 1 MNDE was earned. The MNDE token, with a total supply of 1,000,000,000, grants governance rights, influences the Marinade Stake Pool allocation and generates revenue through various fees and yield.

How to Participate in Marinade Airdrop

To participate, visit the Marinade website, connect your Solana wallet, buy SOL (if needed), and stake it to receive mSOL and MNDE tokens. Additional MNDE tokens can be earned through referrals.

When to Claim MNDE Airdrop: The MNDE Mining Program runs from January 1 to March 31, 2024.

4. Script Network

Script Network is a decentralized platform providing blockchain-based solutions for video streaming, featuring high-quality content, incentivized bandwidth, and content sharing. Users can watch videos and earn token rewards for sharing. The airdrop offers SCPT tokens, to be distributed in January 2024, with a total value of $3,000 and additional rewards for top referrals.

How to Participate in the Script Network Airdrop

To participate in Script Network's rewards program, visit their website, sign up, and connect your crypto wallet using a referral code. Verify your email, watch at least 60 minutes of TV, and claim your rewards from the dashboard.

Additional points can be earned through referrals, completing testnet tasks as outlined in their Medium article, running a node as per their Whitepaper, completing Zealy quests, and collecting a BearX Labs NFT. The points earned will be converted to SPAY tokens upon launch. The more tasks completed, the more points and SPAY tokens earned.

When to Claim SCPT Airdrop: You can start claiming SCPT tokens - Scrip Network’s governance token, beginning December 20, 2023.

5. Xai

Xai is a Layer-3 network built on Arbitrum, an Ethereum scaling solution, aiming to become a hub for blockchain-based competitive gaming. Its unique position in the gaming and blockchain spaces offers intriguing possibilities. Xai was the third project listed on KuCoin’s pre-market and is also available for trading on the KuCoin Spot Market.

Xai conducted a major gaming token airdrop, distributing around 125 million XAI tokens, worth about $70 million at the time, to eligible Arbitrum network users, including NFT holders and validators. NFT holders could claim a significant amount of XAI tokens.

How to Participate in Xai Airdrop

To engage with Xai, visit the Arbitrum goerli faucet page and request testnet ETH. Add the Xai testnet to MetaMask and bridge ETH from Arbitrum Goerli to the Xai testnet. Mint quest tokens on the Xai testnet tokens page and mint an NFT on the Xai testnet NFT mint page. Complete Galxe and Zealy quests.

When to Claim XAI Airdrop: The first round of XAI airdrops is currently ongoing, although there is no information on when it will conclude. However, Xai Games has also confirmed its plans to hold a second round of XAI token airdrop later in 2024.

6. BRC-20 DEX

The BRC-20 DEX is a decentralized exchange emphasizing security, transparency, and user control. It offers services like spot and leverage trading, a bridge to the BRC-20 network, and a launchpool for BRC-20 projects, including a bridge for transferring BRC-20 tokens between Bitcoin and EVM networks. Participating in its airdrop offers users a chance to engage with this innovative platform, earn potential rewards, and explore the BRC-20 protocol, making it an attractive opportunity for early adopters interested in integrating high-value asset trading with blockchain technology.

How to Participate in BRC-20 DEX Airdrop

To participate in the BRC-20 DEX airdrop, visit the BRC-20 DEX page on Zealy, connect your wallet, and complete quests to earn XP. Rewards, distributed in USDT and BRCDEX tokens, are based on leaderboard position, with the top 500 participants eligible. The campaign, with a total value of $20,000, rewards a larger number of participants, with top-ranking individuals receiving the highest rewards.

When to Claim BRCDEX Airdrop: The campaign started on January 1, 2024, and is scheduled to run until March 1, 2024.

More Potential Airdrops to Watch in the Future

In addition to the above, here are some projects that could potentially announce their airdrop campaigns in the future:

7. LayerZero

LayerZero Labs is a blockchain infrastructure provider that enhances interoperability and cross-chain messaging, which is crucial for decentralized application developers. Its technology is used by major decentralized exchanges like PancakeSwap and Uniswap. LayerZero's focus on interoperability and secure, efficient cross-chain communication addresses significant challenges in the blockchain ecosystem.

How to Participate in LayerZero Airdrop

To engage with LayerZero, visit the LayerZero X Aptos Bridge and connect your wallet to bridge assets. Use other LayerZero-built dApps like Bitcoin Bridge, Stargate Bridge, Aptos Pancake Bridge, Pontem LiquidSwap Bridge, and Metis Bridge.

To participate in the airdrop, visit the LayerZero X Aptos Bridge, connect your wallet to bridge assets, and engage actively with LayerZero platforms. This includes staking the $STG token, voting on Stargate finance protocol, using the Stargate bridge and Cross-chain swap on Sushi, the USDC LayerZero Bridge, the liquid swap bridge, joining the LayerZero Discord Server, and using LayerZero-built dApps like Bitcoin Bridge, Stargate Bridge, Aptos Pancake bridge, Pontem LiquidSwap Bridge, and Metis Bridge.

When to Claim LayerZero Airdrop: At the time of writing, LayerZero has not provided a timeline on when they will launch a native token, although they have confirmed plans to do so.

8. zkSync

zkSync is a Layer-2 Ethereum scaling solution by Matter Labs, utilizing zero-knowledge proofs to increase transaction speed, reduce costs, and lower energy consumption. This makes it a viable choice for efficient, cost-effective, and eco-friendly Ethereum transactions. Participating in the zkSync airdrop provides a chance to engage with a project that tackles Ethereum's scalability problems and potentially rewards early adopters and active community members.

How to Participate in zkSync Airdrop

To participate in zkSync, add the zkSync network to MetaMask as per the zkSync docs page. Visit Rhino.fi, connect your ETH wallet, and sign two messages. Bridge your ETH, USDT, or USDC from the Ethereum mainnet to the zkSync mainnet. You can buy tokens on KuCoin and transfer to your wallet if needed.

Consider using zkSync-based dApps like SyncSwap, zkSync id, zkSync Name Service, ZigZag, and Nexon Finance to qualify for other airdrops. You can also bridge funds from zkSync to Ethereum Mainnet via Rhino.fi or to Scroll, Base, Polygon zkEVM, Manta, Linea, or Optimism for potential multiple drops. Visit https://ecosystem.zksync.io/ for more zkSync dApps.

When to Claim zkSync Airdrop: As of now, there's no confirmed date for the zkSync airdrop. It's recommended to stay updated with official announcements for accurate information.

9. EigenLayer

EigenLayer is an Ethereum-based middleware that commoditizes decentralized trust, allowing protocols to use Ethereum's secure trust network without needing their own validator set, reducing costs and boosting innovation potential. Its innovative approach leverages Ethereum's security features for other protocols, reducing costs and expanding opportunities for protocol development.

How to Participate in EigenLayer Airdrop

To engage with EigenLayer, visit the mainnet page, connect your MetaMask wallet, and stake your tokens in the available pools. For the testnet, switch your network to Goerli, acquire Goerli ETH, and stake it to get Lido's stETH and Rocket Pool's rETH.

Stake these testnet tokens on the EigenLayer testnet page. Although EigenLayer doesn't have its own token yet, early users who interact with the mainnet and testnet may receive an airdrop if one is launched. Also, verify yourself with Gitcoin Passport to mark your wallet as "safe," potentially increasing your chances for airdrops.

When to Claim EigenLayer Airdrop: There is no confirmed date for the EigenLayer token release or airdrop as of the latest information available. Staying updated with official EigenLayer announcements is advisable for any potential airdrop updates.

10. Parcl

Parcl is a Solana blockchain-based platform that enables cross-margin perps trading in various real estate markets, akin to stock trading. It uses real-time data to monitor and invest in fluctuating U.S. property prices, providing tools for risk management and investment flexibility, making real estate investment more accessible.

The Parcl Points Program, divided into seasons, rewards active participation and commitment, with points potentially converting into Parcl tokens. Moderate users can expect around $200 to $300 in tokens, with more active users possibly earning more.

How to Claim Parcl Airdrop

To earn Parcl points in the speculative Parcl airdrop, visit the Parcl website, connect your Solana wallet, complete onboarding, provide USDC liquidity, create a trading account, deposit USDC, and engage in market trades. Earn points daily based on USDC held and deposited, with bonus points for HOA NFT holders and referrals.

When to Claim Parcl Airdrop: The Parcl Points Program went live on December 15, 2023, although the project hasn’t provided confirmation on the token airdrop launch yet.

Risks of Participating in Airdrop Campaigns

Participating in airdrop campaigns can be tempting, offering the potential for free cryptocurrency with minimal effort. However, it's crucial to understand the risks involved before jumping in. Here are some key risks to be aware of:

Airdrop Scams

Fake airdrops: Scammers often create fake airdrop campaigns to lure users into revealing their private keys or sending them funds. Always verify the legitimacy of an airdrop before participating.
Phishing websites and links: Clicking on suspicious links or visiting fake websites associated with an airdrop can lead to malware infection or phishing attacks.
Pump-and-dump schemes: Some airdrops might be part of pump-and-dump schemes, where the token's price is artificially inflated before being dumped on unsuspecting participants.

Technical Issues

Airdrop bugs and glitches: Technical issues within the airdrop platform or smart contract can lead to lost or delayed tokens or even unintended token distribution.
Wallet compatibility issues: Some airdrops may not be compatible with all types of wallets, resulting in lost tokens if you use the wrong one.
Tax implications: Depending on your location and the amount of tokens received, airdrops may be subject to taxes. Consult with a qualified tax advisor for guidance.

Other Risks

Loss of privacy: Participating in airdrops often involves sharing personal information or linking your wallet address, which can raise privacy concerns.
Market volatility: Even if you receive valuable tokens, their price can fluctuate significantly, leading to potential losses.
Time commitment: Some airdrops require completing tasks or holding tokens for a specific period, demanding your time and attention.

How to Stay Safe When Participating in Crypto Airdrop Programs

Here are some ways you can mitigate the risks of airdrop campaigns:

Do thorough research: Only participate in airdrops from reputable projects with a good track record.
Never share your private keys: Legitimate airdrops never require your private keys for claiming tokens.
Use official channels: Always access airdrop information through the project's official website, social media channels, or announcements.
Be cautious of unsolicited emails and messages: Ignore any suspicious communications claiming to be associated with an airdrop.
Use a dedicated airdrop wallet: Consider using a separate wallet for claiming airdrops to increase security.
Understand the tax implications: Consult with a tax advisor to determine the potential tax consequences of participating in airdrops.

Conclusion

The start of 2024 brings a wealth of opportunities in the crypto space, with these top airdrops leading the way. By carefully evaluating and participating in these airdrops, you can potentially diversify your crypto portfolio and be part of innovative blockchain projects.