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Airdrops are a popular marketing tactic used by blockchain projects to reward early adopters, attract new users, and promote their token. By participating in airdrops, you can get free tokens just by completing simple tasks like following the project on social media or joining their Telegram group.
In this guide, we’ll cover everything you need to know about the best crypto airdrops, including how they work, how to participate, and where to find them.
Before diving further, here are some of the best crypto airdrops available in 2023:
- Blur – Airdrop rewards for NFT users
- Cashtree – Participate in Bybit Launchpad to Get CTT Tokens
- Wall Street Memes – $50,000 WSM airdrop for 5 lucky winners
- Polkaswap – Complete simple airdrop tasks to win a share of $34,000
- LooksRare – Season 2 airdrop for NFT collectors
- Camino Network – Complete quests to unlock CAM airdrop rewards
- Neutron – NTRN airdrop for eligible users
- Maverick Protocol – 30,000,000 MAV airdrop for early adopters of the platform
DISCLAIMER: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided in this article constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice.
8 best crypto airdrops: Examining the top airdrop crypto projects for 2023
Crypto airdrops are a marketing strategy used by blockchain projects to distribute free tokens to their community. Airdrops can be used to reward early adopters, attract new users, and generate buzz around a project. With that in mind, here are the best airdrops currently available to crypto enthusiasts.
1. Blur – Airdrop rewards for NFT users
Blur is an Ethereum-based NFT marketplace that was launched in October 2022 and has quickly become the leading platform for professional traders. It has over 60% of the NFT trading volume market share and sees more volume than OpenSea. Blur is known for its low fees, high speed, and unique features such as NFT floor depth charts, collection sweeping, NFT analytics, and more.
Blur also has an aggregator platform that combines NFTs from other marketplaces into their interface and a lending protocol that allows users to borrow and lend NFTs. Blur is backed by Paradigm, a research-driven technology investment firm, and has its own governance token, BLUR, which gives users voting rights.
A large reason why Blur has managed to climb to the number one spot among NFT marketplaces so quickly lies in its airdrop program, which rewards NFT users with BLUR token airdrops for simply using the platform. Currently, the second season in progress, which allows users to climb the leaderboard by buying and selling NFTs, and participating in other activities on the platform.
2. Cashtree – Participate in Bybit Launchpad to Get CTT Tokens
Cashtree is a mobile application and platform primarily used in Indonesia. It is designed to provide users with opportunities to earn rewards and gifts for various activities on their smartphones. It offers users the chance to receive free gifts and rewards on a daily basis. These rewards can include mobile phone credits (such as Telkomsel, Indosat, Axis, XL, Tri, and Smartfren), as well as digital wallet balances (like DANA, Gopay, and OVO).
Cashtree is launching the CTT token, which will used as credits for users who accomplish tasks on the platform. Users are able to exchange CTT tokens for other crypto and NFTs, making it a perfect gateway for those who are not as familiar with the crypto space.
Bybit is currently running a special Launchpad campaign for CTT, which allows investors to get their hands on CTT for 0.0033 USDT. After the Launchpad ends, Bybit will run another CTT-focused event, which will let users stake CTT and earn up to 999% APR.
3. Wall Street Memes – $50,000 WSM airdrop for 5 lucky winners
Wall Street Memes is a new meme-inspired project and one of the best crypto presales that looks to tokenize the anti-Wall Street movement born out of the infamous GameStop fiasco of 2021. As outlined in the project's whitepaper, the Wall Street Memes roadmap consists of three stages. In the initial phase, the emphasis will be on creating a secure smart contract, fostering a robust community, and implementing marketing initiatives.
The second phase will involve the introduction of the WSM token, its inclusion on cryptocurrency exchanges, and the forming of strategic partnerships to bring Wall Street Memes into the mainstream. The third and final phase will concentrate on empowering the community and providing exclusive benefits to its members.
The project is running a special airdrop promotion that will distribute $50,000 worth of WSM tokens among 5 lucky participants. In order to participate in the promotion, you have to complete a series of tasks, including visiting the project’s media channels, buying WSM, and more.
4. Polkaswap – Complete simple airdrop tasks to win a share of $34,000
Polkaswap is a cross-chain decentralized exchange (DEX) built on the Polkadot blockchain that allows for simple creation and listing of new assets, and the “easiest swaps ever.” The platform is a non-custodial, cross-chain AMM DEX protocol for swapping tokens based on Polkadot and Kusama relay chains, parachains, and blockchains directly connected via bridges.
The Polkaswap community can participate in the governance and future development of the platform with the PSWAP token, which is the native governance asset of the exchange. In addition, 0.3% fee for every swap on the Polkaswap DEX is used to buy back PSWAP tokens, which are then burned – this mechanism is meant to ensure deflationary pressure and support the value of PSWAP.
There is currently a special airdrop campaign running for Polkaswap and Sora users, which will see participants share a prize pool of $34,000. The campaign is ending on September 21st.
5. LooksRare – Season 2 LOOKS airdrop for NFT collectors
Launched in 2022, LooksRare is a decentralized NFT marketplace that rewards users for trading and listing digital items on their platform. The rewards incentive for trading has attracted many users to the platform, and by late 2022, LooksRare controlled a bigger share of the NFT market than the multi-year leader in the space, OpenSea.
It is worth noting that the rewards incentive for trading NFTs has generated a lot of inorganic traffic and accusation of wash trading. That said, seasonal LOOKS airdrops have been a source of extra income for a lot of LooksRare users over the past couple of months.
LooksRare is currently running the second season of the rewards program, airdropping 5,000,000 LOOKS tokens to high leaderboard finishers.
6. Camino Network – Complete quests to unlock CAM airdrop rewards
Camino Network is a Layer 1 platform that aims to provide blockchain solutions for the travel industry. Camino is EVM compatible and supports Solidity, which enhances the chain’s interoperability.
As a part of its promotion to reward users of the platform, Camino is running a promotion that will reward the 100 highest leaderboard finishers with CAM token rewards. In order to climb the leaderboard, users must complete various quests from the Zealy quest board, including joining different social media channels, creating a Camino wallet address, and more.
If you want to participate in the CAM airdrop, make sure to connect your Camino wallet address to your Zeally profile.
7. Neutron – NTRN airdrop for eligible users
Neutron is a smart contract platform secured by the Cosmos Hub. “Neutron lets smart contracts leverage bleeding-edge Interchain technology with minimal overhead,” described their platform the Neutron team.
As a part of the Cosmos Hub proposal #72, the users agreed to allocate $20,000,000 worth of NTRN to early ATOM stakers (about 7% of the total supply of NTRN). This means that the Neutron airdrop is a retroactive one, also called a “retrodrop”, with only the early users being eligible for rewards.
In order to check your eligibility for the airdrop, check the Neutron Airdrop page and connect your wallet. After that, you will be notified about your airdrop balance. The period until users can claim their Camino airdrop is ending in early September 2023.
8. Maverick Protocol – 30,000,000 MAV airdrop for early adopters of the platform
The Maverick Protocol is a DeFi platform that boosts liquidity and capital efficiency in DeFi through its Dynamic Distribution AMM. It gives liquidity providers more control over their capital by allowing them to stake a price range and adapt to price fluctuations.
Maverick's AMM is built on Directional LPing, enabling LPs to move liquidity in response to price changes. This enhances capital efficiency, benefits traders with better pricing, and boosts LP earnings from fees. Maverick launched on Ethereum in March 2023, quickly gaining popularity. It also offers a customizable LP distribution strategy and plans to release its utility token, MAV.
Early users of the Maverick Protocol are eligible to receive a share of a 30,000,000 MAV airdrop (worth $7.1 million at current rates). You can check the eligibility for the airdrop by connecting your wallet using the Maverick Protocol airdrop page.
Where to get the latest crypto airdrops?
One of the easiest ways to stay on top of the latest airdrops is to use specialized crypto airdrop sites. AirdropAlert, Aidrops.io, AirdropMob, AirdropKing.io, and AirDropBob, are generally considered the 5 best airdrop websites.
Each of the above-mentioned crypto airdrop platforms provides various features, so it might be a good idea to try them out before settling for your favorite.
Can you make money from crypto airdrops?
Yes, it is possible to make money from crypto airdrops. A crypto airdrop is a distribution of free cryptocurrency tokens or coins to the wallets of existing holders or users of a particular blockchain project. Airdrops are usually used as a marketing strategy to create awareness and promote the adoption of a new cryptocurrency project.
Once you have completed the required tasks, the cryptocurrency tokens or coins will be deposited into your wallet. You can choose to hold on to these tokens or coins in the hope that their value will increase in the future, or you can sell them immediately on a cryptocurrency exchange to make a profit.
Is it safe to participate in crypto airdrops?
Participating in crypto airdrops can be safe, but it also carries some risks. It is important to note that not all airdrops are genuine, and some may be scams. Therefore, it is essential to do your own research and ensure that you are participating in a legitimate airdrop from a trustworthy project.
To minimize these risks, it is important to do your due diligence before participating in any airdrops. Research the company or project behind the airdrop, and be wary of any requests for personal information or private keys. It is also important to keep your cryptocurrency assets secure by using a reputable wallet and enabling two-factor authentication.
The bottom line: Participating in crypto airdrops allows you to earn free crypto
Cryptocurrency airdrops are one of the most popular ways of earning free crypto, but they are not the only way. Cryptocurrency faucets are another method for earning free crypto and using them to test various dApp use cases. Solana faucets and BNB faucets are among the most popular, for instance.
If you are interested in non-fungible tokens (NFTs) specifically, you can check our article on how to get free NFT drops, which covers everything from airdrops to NFT calendars, and more.