The crypto industry is quite popular and there are a lot of new projects. However, despite this popularity, it may not always be so easy for new projects to get noticed. So, a lot of these projects use airdrops to get their name out. Since they can offer rewards, you may be interested in newest opportunities in this area.
If you’ve been following the crypto space, you’ve probably heard about airdrops. These are a popular way projects reward their communities by distributing free tokens. For those looking for some airdrops to check out in the near future, we put together a list!
What Are Airdrops and Why Are They Important?
Airdrops are basically free distributions of cryptocurrency tokens given to users who engage with a project early on. This can mean testing a new platform, trading tokens, providing liquidity or even just holding certain NFTs. The goal is to both introduce new users to the project and reward early supporters.
Airdrops can help projects spread awareness quickly and create a loyal community. For users, they offer a chance to receive tokens without buying them outright. Not all airdrops may result in huge gains. But many have turned out to be valuable rewards for people who got involved early.
Over time, airdrop programs have evolved from simple giveaways to more complex systems where users earn points based on their participation. The more active and genuine your engagement, the better your chances of getting a bigger airdrop may get. So, what are some of the airdrops you may want to check out this month?
1. Mitosis
There are a lot of new projects that are offering rewards for users who start to engage with it early on. One of these to check out can be Mitosis. Mitosis is building a Layer 1 blockchain focused on simplifying liquidity and yield farming across multiple blockchains. They recently finished an incentivized public testnet called Game of MITO. In the near future, a governance token called MITO might be airdropped to participants.
If you want to improve your chances, you may want to participate in their testnet activities and provide liquidity through their current campaigns. Also, another option is to hold their Morse NFT, which could potentially boost your eligibility. Given its connections to big projects like LayerZero, Mitosis might become an important player in cross-chain DeFi.
2. Monad
Another project to check out this month can be Monad. Monad is an ambitious project aiming to combine the best of Ethereum and Solana, promising very high-speed transactions. Backed by significant venture capital funding, Monad might launch a token in the near future. It can possibly reward early testers and users of its public testnet, which went live earlier this year.
The project is still developing. Meanwhile, engaging with Monad’s testnet apps might be a good way to position yourself for any potential airdrops. It’s a project that many are watching closely, given its technical goals and financial backing.
3. Hyperliquid
Lastly, another project that you may want to know about is Hyperliquid. Hyperliquid is a decentralized exchange known for its fast trading and low slippage. It offers a trading experience close to centralized platforms but on-chain. It already ran a very large airdrop, but its tokenomics hint that more tokens may be distributed in the future.
If you trade on Hyperliquid or use its various features like staking, liquidity provision or copytrading, you might increase your chances of qualifying for upcoming airdrops. The platform continues to grow, making it worth keeping on your radar. So, these were the projects on our list. If you want more crypto news, make sure to check out our blog.
