Top Crypto Airdrops of December 2023: Your Guide to Free Crypto

Crypto lovers, unite! We've made it to the last month of the year and what looks like the end of the crypto winter that’s weighed down on us since 2022. We’ve got much to rejoice over, but one thing that's given us hope throughout these bear conditions and continues to do is a crypto airdrop. 

Airdrops in the crypto world are not just about free cryptocurrencies; they represent a unique facet of community building and user incentivization. In this article, we delve into what crypto airdrops are, how they function, what their benefits are, and how you can participate in them. We'll also highlight some of the best crypto airdrops you can participate in this month to grow and diversify your crypto portfolio. 

A crypto airdrop is an event where free tokens or coins are distributed to the crypto community, often as part of a larger marketing or network development strategy. These events are pivotal in attracting attention to new projects. 

The essence of airdropping crypto lies in distributing these tokens directly into the wallets of active blockchain participants, often for free or as a reward for small tasks. A prime example is the Blur crypto airdrop, which significantly gained traction for its unique approach and generous distribution.

The mechanism of a crypto airdrop typically involves the project team distributing free cryptocurrency to existing holders of a specific blockchain currency. The most common method includes taking a snapshot of a blockchain at a specific time and then airdropping crypto to the addresses captured in that snapshot. 

Some airdrops are part of a crypto testnet airdrop strategy, where developers reward testers with tokens for participating in the test phase of a project. This approach not only fosters community engagement but also aids in debugging and optimizing the blockchain network.

Participating in and claiming crypto airdrops can offer several benefits, such as: 

1. Get Free Crypto and Sell Them for Profits: Participating in crypto airdrops allows individuals to get crypto for free, potentially gaining a stake in a new cryptocurrency project without needing to purchase it. You can usually sell them on a centralized exchange for profits when the token is listed. Typical examples include SUI and APT.  

2. Exposure to New Projects and Educational Value: Airdrops can introduce you to new blockchain projects and cryptocurrencies, offering an opportunity to learn about emerging technologies, innovative applications, and the teams behind these projects. It also serves as an educational experience in using crypto wallets, understanding token standards, and interacting with blockchain networks.

3. Portfolio Diversification and Potential for Future Benefits: You can diversify your cryptocurrency portfolios by claiming airdrops from various projects and reducing risk. Some airdrops provide ongoing benefits to early supporters, such as governance rights, eligibility for future distributions, or access to specific services.

4. Community Engagement and Rewards: Many airdrops require participants to engage with the project's community, offering networking opportunities, insights into the crypto space, and access to future airdrops or exclusive information.

5. Low Barrier to Entry and Marketing Opportunities: Airdrops present a low-risk entry point for individuals new to cryptocurrencies, typically requiring only time and effort to understand and fulfill the participation criteria. Participating in airdrops can be an effective marketing tool for businesses and influencers, attracting followers and establishing one's presence in the industry.

Participating in crypto airdrops is an exciting way to engage with new blockchain projects and benefit from free crypto. Here's a step-by-step guide on how you can get involved in these airdrops, with an emphasis on the best practices and tips to enhance your chances of receiving airdrop rewards.

1. Stay Informed About Upcoming Airdrops: Keep updated on upcoming crypto airdrops through websites, forums, and crypto apps. Follow cryptocurrency news platforms, subscribe to newsletters, and join crypto communities on social media platforms.

2. Understand the Airdrop Requirements: Each airdrop has its own set of rules and requirements. These include holding a certain amount of a particular cryptocurrency, performing specific tasks such as social media posts, joining Telegram groups, or participating in community polls.

3. Set Up a Cryptocurrency Wallet: A compatible digital wallet is required to receive airdrops. Wallets like MetaMask or Trust Wallet are popular choices that support a wide range of tokens.

4. Participate in Community and Network Activities: Many airdrops reward active community members or users who participate in network activities. This can include staking, liquidity provision, or participating in governance votes.

5. Beware of Scams and Stay Updated on Tax Implications: Always verify the authenticity of an airdrop and never share your private keys or seed phrase. Be aware of the tax implications in your country regarding crypto airdrops. After completing all necessary steps, monitor your wallet for the arrival of the airdrop.

By following these steps and staying vigilant, you can safely participate in crypto airdrops and potentially benefit from free cryptos. Remember, airdrops are not just about claiming free crypto; they are also an opportunity to learn about and engage with emerging projects in the blockchain space.

After understanding the potential benefits of crypto airdrops and how to claim them, let's take a look at the most promising airdrop opportunities for you to check out in December 2023: 

1. Pyth Network (PYTH) 

Pyth Network, a financial market data oracle with over 90 first-party publishers, provides price feeds for various assets, including US equities, commodities, and cryptocurrencies. The network is airdropping 600,000,000 PYTH to users of various ecosystem participants, community members, and Pyth NFT holders. 

Eligibility for the airdrop includes interaction with blockchain ecosystems that use Pyth Network data, such as Solana, Aptos, Sui, Cosmos, and the EVM ecosystem, as well as Pyth NFT holders and users with special Discord roles.

How to Participate in Pyth Network Airdrop 

Visit the Pyth airdrop page and review your eligibility by connecting your wallets. Connect your Solana wallet and ensure you have some SOL to claim the tokens if eligible. Eligible participants include those interacting with various blockchain ecosystems like EVM, Move, Cosmos, Solana, users with special Discord roles, and Pyth NFT holders. The snapshots of on-chain activity and special Discord role users and Pyth NFT holders were taken on September 1 and October 25, 2023, respectively. The team has confirmed future airdrops.

When to Claim PYTH Airdrop: PYTH airdrop can be claimed between November 20, 2023, and February 18, 2024. 

2. Memecoin (MEME) 

Memecoin, an ERC-20 compatible digital token with no inherent utility or value, has allocated 25% of its total supply for an airdrop via Binance launchpool. They have initiated a MEME farming campaign where users completing simple quests earn free MEME tokens based on the points collected.

How to Participate in Memecoin Airdrop

Visit the Memecoin airdrop page and connect your Twitter (X) account. Complete quests to earn points. You can refer friends to earn more points if you have MVP/Captainz/Potatoz NFTs. Link your ERC-20 wallet to the airdrop page. The number of points earned will determine the amount of free MEME tokens received.

When to Claim MEME Airdrop: Memecoin airdrop started on November 3 and ran until November 23, 2023. However, you can still claim $MEME airdrops if you own Memeland NFTs. 

3. Tezos Domains (TED) 

Tezos Domains offers a blockchain-based naming service on Tezos, converting user-friendly aliases to Tezos addresses and ensuring global consistency. As anticipated, it's airdropping 7.5 million TED tokens to users who minted a .tez domain by April 30, 2023, Discord OG badge holders, and select Tezos dApps participants.

How to Participate in Tezo Domains Airdrop 

Visit the Tezos Domains airdrop claim page and connect your Tezos wallet to claim TED tokens from the Tezos Domains airdrop. If eligible, you can claim your tokens.

Eligible parties include .tez domain registrants by April 30, 2023, Discord members with OG badges, users of Tezos ecosystem dApps (Temple, Kukai, Better Call Dev, TzKT, objkt.com, Taquito, Beacon Tezos Profiles, Taqueria, Tezos Collect), and translators and seven keyholders. Claim 25% of the airdrop immediately, with the remainder released weekly over 13 weeks.

When to Claim TED Airdrop: From October 12, 202s, till July 9, 2024. 

4. Blur (BLUR) Season 3 Airdrop 

Blur is an NFT marketplace optimized for professional traders, offering fast portfolio management and cross-marketplace trading features. Eligible early users who've actively traded NFTs in the past six months can claim free BLUR tokens via airdropped care packages within 45 days.

How to Participate in Blur Airdrop

To claim, connect your ETH wallet to Blur's airdrop page. As of December 2023, Season 2 airdrop recently ended with 300 million BLUR tokens being airdropped. Blur Season 3 airdrop has just begun and will reward active traders and BLUR holders after six months.

When to Claim Blur Season 3 Airdrop: The airdrop campaign will run from December 2023 to May 2024, after which you can claim your free $BLUR airdrops. 

5. Blast (BLAST)

Blast, an L2 platform, offers native yield for ETH and stablecoins, enabling new revenue streams and rewards. It's built for ETH to rebase natively on L2. With $20 million in funding from Paradigm and Standard Crypto, Blast will airdrop tokens to early users who use an invite code, bridge ETH, and refer others, redeemable in May.

How to Participate in BLAST Airdrop 

To join the Blast airdrop, visit their website, click "Join Early Access," and use an invite code from their Discord to access the platform. Follow Blast on social media for updates and check your airdrop status. Connect your wallet, bridge ETH or other eligible tokens to Blast L2, and note that these tokens will be locked until the mainnet launch in February 2024. 

You'll earn weekly spins for each ETH bridged, which translate into airdrop points. Referral codes are given after your first bridge, and additional codes are earned as you and your referrals continue to bridge assets. In May 2024, you can convert your accumulated airdrop points into Blast tokens.

When to Claim BLAST Airdrop: The BLAST airdrop program will last until February 2024. 

6. Favoom (FAV)

Favoom, a new social media platform from the crypto space, allows users to trade digital assets. Built on the Arbitrum network, it was founded in 2022 by a team of experienced social media professionals who believe in the potential of blockchain technology. Since its launch, Favoom has attracted tens of thousands of users. Currently, Favoom is conducting a free crypto airdrop, giving away $10,000 worth of FAV tokens.

How to Participate in Favoom Airdrop

Visit Favoom and enter your Ethereum wallet address. Follow Favoom on Twitter, tweet about Favoom, and join Favoom on Telegram. Register on Favoom and share the airdrop with friends for extra entries. Completing all these actions will earn you 20 extra points.

When to Claim FAV Airdrop: Favoom airdrop will run until December 18, 2023. 

7. HXRO Network (ESHXRO) - Airdrop to BONK Holders 

The EsHXRO airdrop is an upcoming event by the Hxro Network for the Bonk Inu community. The airdrop is for BONK holders, with a snapshot taken on Sunday, 11/19, to determine eligibility. 

The minimum BONK amount that had to be held at the time of the snapshot was 10,000,000 BONK per wallet. The amount of esHXRO received from the airdrop will be determined based on "bins" ranging from 10M-100M, 100M-1B, 1-10B, and 10B+ BONK per wallet.

How to Participate in EsHXRO Airdrop

If you are holding BONK in a standard SPL wallet such as on a Ledger, or hot wallets such as Phantom, Solflare Wallet, NFT Backpack, etc., and you met the minimum criteria of 10M BONK at the time of the snapshot, you will be eligible to claim the reward.

When to Claim HXRO Network Airdrop: The ESHXRO airdrop will occur on December 10, 2023. 

8. NovaDEX (NVX)

NovaDEX, a community-driven concentrated liquidity DEX on the Solana blockchain, aims to facilitate fast trades, shared liquidity, and DeFi growth through sustainable liquidity incentives. They plan to launch their own token, "NVX," and have hinted at rewarding early testers. Therefore, early users performing testnet actions may receive an airdrop when the token launches.

How to Participate in NovaDEX Airdrop 

Visit the NovaDEX testnet website and connect your Solana wallet, potentially making you eligible for the Phantom speculative airdrop. Obtain some devnet SOL tokens from the Solana faucet, then return to NovaDEX to make swaps and provide liquidity in a pool. Complete Zealy quests as well. NovaDEX has hinted at rewarding early testers with their upcoming "NVX" token, so early testnet participants may receive an airdrop when the tokens launch. However, this is speculative and not guaranteed.

When to Claim NVX Airdrop: No concrete information on the airdrop has been confirmed by the project yet. Watch this space for more information! 

9. Futureverse 

Futureverse, a leader in AI and metaverse technologies with one of the world's largest digital collectible communities, is airdropping $60,000 worth of ROOT and USDT tokens. To participate, sign up for Zealy quests and complete tasks to earn XPs. The top 1,000 participants will receive up to $2,000 worth of ROOT tokens each, and 2,000 participants who create a FuturePass will receive an additional 10 USDT each.

How to Participate in Futureverse Airdrop

Visit the Futureverse quests page, connect your wallet, and log in to Zealy. Complete quests to earn XPs. Rewards in ROOT tokens will be distributed based on XP ranking, with the top participant receiving $2,000 worth and decreasing amounts for lower ranks. An additional 10 USDT will be given to 2,000 participants who create a FuturePass, stake an asset, and perform a swap. Check back frequently for final quests in the "Futureverse & The Root Network Platform" section.

When to Claim Futureverse Airdrop: The Futureverse airdrop event ends on December 31, 2023. 

10. Undeads (UDS) 

Undeads is an MMORPG where players earn crypto through various in-game activities. Set in a post-apocalyptic world, it features isometric survival gameplay with action combat, where players choose between Zombie or Human factions, explore, defend territories, gather resources, craft, trade, and develop their NFT characters. 

The game is distributing $3,000,000 in UDS tokens: complete tasks on the Dmissions page for a share of 2,500,000 UDS, play the game for a chance at 5,000,000 UDS, and hold Undeads NFTs to split another 2,500,000 UDS.

How to Participate in Undeads Airdrop 

To earn UDS tokens, visit the Undeads DMission page, connect your wallet, and complete tasks to accumulate points. Holding Undeads NFTs multiplies your score and earns you Loyalty Points, which will be converted to UDS tokens in February 2024, subject to market conditions.

When to Claim Undeads Airdrop: The UDS airdrop event will run from November 16, 2023 to January 16, 2024. 

Making money from crypto airdrops involves a combination of strategic participation, research, and an understanding of the cryptocurrency market. Here are some key steps and tips to help you potentially profit from airdrops:

1. Stay Informed and Understand the Airdrop: Follow crypto news websites, forums, and social media channels that announce upcoming airdrops. Research the project behind the airdrop, including the team, its roadmap, the technology, and its use case.

2. Participate in Multiple Airdrops and Follow Guidelines: Diversify your participation across various airdrops to spread risk and increase your chances of finding a valuable one. Ensure you complete all required tasks to qualify for the airdrop.

3. Hold, Monitor, and Know When to Sell Your Airdropped Tokens: Keep an eye on the market value of the tokens you receive, and be patient, as some tokens may take time to gain value. Prices of new tokens may be volatile; make sure to set target prices for selling your airdropped tokens based on your research and market analysis. Use take profit and stop loss features to manage your risks properly.

4. Beware of Scams and Consider Tax Implications: Be cautious of airdrops that require you to send money or share your private keys. Understand the tax laws regarding crypto airdrops in your jurisdiction, as they may be considered taxable income.

5. Leverage Social Media, Be Prepared for Volatility, and Keep Investments Secure: Join cryptocurrency communities for tips and insights on promising airdrops. Be prepared for price fluctuations in your airdropped tokens and store them in a secure wallet, with hardware wallets being generally safer for storing larger amounts.

Remember, like any investment, there is no guarantee of profit in crypto airdrops. They should be viewed as part of a broader, diversified investment strategy. Always conduct thorough research and consider consulting with a financial advisor.

Crypto airddrops offer a window into the evolving landscape of blockchain innovation, allowing participants to become part of vibrant communities and cutting-edge technological developments. Whether you're participating in airdrops as a strategic investment move, a way to learn more about the crypto world, or simply for the thrill of being part of something new, always stay informed, prioritize security, and maintain a healthy perspective on the risks involved.

While the allure of crypto airdrops is undeniable, it's crucial to approach these opportunities with a blend of enthusiasm and caution. The potential benefits, from gaining early access to new tokens to diversifying your crypto portfolio, are balanced by the need to be vigilant against scams and understand the market's volatility. The best approach combines diligent research, proactive security measures, and an open mind toward learning and discovery in the dynamic realm of cryptocurrencies.

1. How to Get Crypto Airdrops 

To get crypto airdrops, you need to stay updated on new airdrops through cryptocurrency forums, social media, and dedicated airdrop websites. You must often complete tasks like holding a particular cryptocurrency, signing up on a platform, or joining a project's social media channels.

2. Are Crypto Airdrops Taxable? 

In many jurisdictions, crypto airdrops are considered taxable. The specifics depend on the local tax laws, but typically, airdrops are treated as income and are taxed accordingly at their market value at the time of receipt.

3. Are Crypto Airdrops Safe? 

Crypto airdrops can be safe, but it's crucial to exercise caution. Avoid airdrops that ask for private keys or funds, and always conduct thorough research to ensure the legitimacy of the airdrop and the associated project.

4. How to Find Crypto Airdrops 

To find crypto airdrops, regularly check cryptocurrency news sites such as CoinMarketCap, join crypto communities on platforms like Reddit and Telegram, and follow crypto influencers on social media. You can also monitor websites and apps dedicated to listing and updating information on current and upcoming airdrops.