Whether it’s the anticipation of the Bitcoin halving, the hype around ETFs, or the innovation of new protocols and platforms, there’s never a dull moment for crypto enthusiasts.
But one of the most exciting aspects of the crypto space is the phenomenon of airdrops, which are essentially free distributions of tokens to users who meet certain criteria. Airdrops can be a great way to discover new projects, diversify your portfolio, and earn some extra income.
In this article, we’ll explore some of the upcoming airdrops on two of the most promising and fast-growing ecosystems: Cosmos and Solana. These two ecosystems are home to some of the most cutting-edge and scalable solutions in the crypto industry, and they are also generous with their airdrops to reward their loyal and active communities.
Airdrops are not just a way to get free tokens. They are also a powerful marketing and incentive mechanism for crypto projects to grow their user base, increase awareness, and foster loyalty. Airdrops can also serve as a way to distribute tokens more fairly and democratically, avoiding the pitfalls of ICOs and pre-mines.
Some of the most successful and popular crypto projects have used airdrops to bootstrap their network effects and create viral adoption. For example, Uniswap airdropped its UNI token to over 250,000 users who had interacted with its platform, creating a huge buzz and driving the token price up. Similarly, Arbitrum airdropped its ARB token to users who had used its layer 2 scaling solution, rewarding early adopters and attracting more users to its network.
Airdrops can also create positive feedback loops, where users are incentivized to use the platform more, stake their tokens, provide liquidity, or participate in governance. This in turn increases the security, utility, and value of the platform and its token, benefiting both the project and the users.
The eligibility criteria for airdrops vary depending on the project and its goals. Some airdrops are based on snapshots, which capture the state of the blockchain at a certain point in time and determine who gets the tokens. For example, if you held a certain amount of tokens in your wallet or staked them on a platform before the snapshot date, you would qualify for the airdrop.
Other airdrops are based on activity, which means you have to perform certain actions on the platform, such as trading, swapping, lending, borrowing, or minting. For example, if you used a decentralized exchange or a lending protocol within a certain timeframe, you would qualify for the airdrop.
Some airdrops are also based on referrals, which means you have to invite other users to join the platform using a unique link or code. For example, if you referred a certain number of friends to sign up for a wallet or a platform, you would qualify for the airdrop.
To increase your chances of qualifying for airdrops, you should stay updated with the latest news and announcements from the projects you are interested in. You can follow them on social media, join their Telegram or Discord channels, or subscribe to their newsletters. You should also be an active user of the platforms, as many airdrops reward users based on their level of engagement and contribution.
Cosmos and Solana are two of the most innovative and high-performance blockchains in the crypto space. They both offer fast, cheap, and scalable solutions for building decentralized applications and interoperating with other blockchains. They also have vibrant and growing ecosystems, with hundreds of projects and millions of users.
Here are some of the upcoming airdrops on Cosmos and Solana that you should keep an eye on:
Jupiter is a decentralized exchange aggregator that connects users to the best liquidity and prices across multiple DEXes on Solana. It also offers perpetual futures trading and a decentralized stablecoin called SUSD.
Jupiter is airdropping its JUP token to users who have interacted with its platform or other Solana protocols before November 2, 2023. The airdrop will distribute 4 billion JUP tokens, which represents 40% of the total supply. The eligible participants include:
- Users who have traded on Jupiter or other Solana DEXes
- Users who have provided liquidity on Jupiter or other Solana DEXes
- Users who have staked or delegated SOL or other Solana tokens
- Users who have minted or burned SUSD or other Solana stablecoins
- Users who have participated in Solana NFT projects
To claim your JUP tokens, you need to visit the Jupiter airdrop claim page, connect your Solana wallet, and follow the instructions. You can also check your eligibility and allocation on the same page.
AltLayer is a rollup-as-a-service platform that enables developers to launch scalable and customizable layer 2 solutions on top of various base layer blockchains, such as Ethereum, Solana, Cosmos, and others. AltLayer aims to solve the challenges of scalability, interoperability, and user experience in the blockchain space.
AltLayer is airdropping its ALT token to various early participants and supporters of its platform and its partners. The airdrop will distribute 300 million ALT tokens, which represents 3% of the total supply. The eligible participants include:
- Users who have participated in the Altitude campaign, a series of events and challenges to test the AltLayer platform
- Users who have held the OG Badge NFT or the Oh Ottie! NFT, which were distributed during the Altitude campaign
- Users who have restaked their ETH on EigenLayer, a decentralized protocol for staking and lending on Ethereum
- Users who are part of the EigenLayer ecosystem partners, such as Arbitrum, Optimism, Polygon, and others
- Users who have staked TIA on Celestia, a decentralized protocol for data availability on Cosmos
To claim your ALT tokens, you need to visit the AltLayer airdrop claim page, submit your address, and follow the instructions. You will need some ETH for gas fees. You can also check your eligibility and allocation on the same page.
Dymension is a network of modular and fast blockchains called RollApps, which are tailored for specific applications and use cases. Dymension allows developers to launch their own RollApps with customized features, such as consensus, governance, tokenomics, and interoperability.
Dymension is airdropping its DYM token to various ecosystem users and NFT holders. The airdrop will distribute 70 million DYM tokens, which represents 7% of the total supply. The eligible participants include:
- Users who have used layer 2 solutions on Ethereum, such as Arbitrum, Optimism, Base, and Blast
- Users who have staked ATOM, stATOM, or OSMO on Cosmos, Stride, or Osmosis
- Users who have held at least 1 SOL on Solana
- Users who have held NFTs from Pudgy Penguins, Mad Lads, Tensorians, or Bad Kids
To claim your DYM tokens, you need to visit the Dymension airdrop claim page, select your chain, submit your address, and follow the instructions. You will need to provide your Ethereum address for receiving DYM tokens. You can also check your eligibility and allocation on the same page.
Apart from the major airdrops mentioned above, there are also some smaller airdrops happening on Solana and Cosmos that you might want to check out. These include:
WOSMO: WOSMO is the first native memecoin on Osmosis, a decentralized exchange protocol on Cosmos. WOSMO is inspired by a mad scientist with a touch of anarchy. WOSMO airdropped 40% of its supply to OSMO stakers and ION holders on December 25, 2023.
SAIL: Sail is a liquidity deployment and management DAO built as a collaboration between Osmosis and Migaloo, a blockchain incubator and accelerator. Sail DAO is open to hear offers from Cosmos-based projects that hope to seed liquidity for their tokens on Osmosis. Sail DAO airdropped 10% of its supply to OSMO stakers on January 1, 2024.
WEN: Wen is a community coin that immortalizes wen culture with the cutest cat coin in web3. Wen was the first official launch on Jupiter’s LFG launchpad, and it was airdropped to over a million active Solana wallets, along with holders of several prominent NFT collections.
Conclusion
Airdrops are a great way to explore new projects, diversify your portfolio, and earn some extra income. Cosmos and Solana are two of the most promising and fast-growing blockchains in the crypto space, and they offer plenty of opportunities for airdrops to their users.
To qualify for airdrops, you should stay updated with the latest news and announcements from the projects you are interested in, and be an active user of their platforms. You should also be careful and do your own research before participating in any airdrop, as there might be scams or phishing attempts.
We hope this article has given you some useful information and tips on how to catch the next wave of crypto airdrops on Cosmos and Solana. If you enjoyed this article, please share it with your friends and follow us on social media for more updates.
Thanks for reading and happy airdropping!
