Airdrops are one of the blockchain networks’ most successful and tested strategies to reach a wider audience. Airdrops are crypto rewards given to early participants in an ecosystem to encourage them to use the network more and tell other potential investors about it. Some of the valuable airdrops in the past were Ethereum Naming System (ENS), Uniswap (UNI), Stellar (XLM), dYdX (DYDX), etc. All early adopters of these ecosystems were generously rewarded ($1,000 on average in the case of ENS). ) only for the use of their products or services. In general, blockchain discoverers are always somehow rewarded via airdrops. In today’s article, let’s look at the 5 potential airdrops in the crypto ecosystem, aggregated by crypto expert Miles Deutscher.
shift zero
Layer Zero is an omnichain interoperability protocol that enables the realization of cross-chain applications with a low-level communication primitive. In simple words, it is a new dimension of crypto bridging aiming to connect all EVM chains and unify liquidity pools. You can check out the detailed steps on how to qualify for the airdrop here.
zkSync
zkSync is a ZK-Rollup, a trusted protocol that uses cryptographic proofs to provide scalable and low-cost transactions on Ethereum. In zkSync, the calculation is done off-chain and most of the data is also stored off-chain. Because all transactions are verified on the Ethereum mainchain, users enjoy the same level of security as Ethereum. zkSync 2.0 looks and feels like Ethereum but with lower fees.
The best chance of getting the zkSync airdrop is to interact with their testnet. Before testing, the RPC configuration must be added. The best way to do this is to go to chainlist.org, connect a non-custodial wallet, search for zkSync and add it manually. Post where there are many protocols to try. One can go to wallet.zksync.io and bridge funds. Or there is an order book DEX called Zigzag Exchange that can be used to execute trades. There is also an NFT platform called Pinata through which you can mint NFTs and a wallet service ArgentHQ to invest funds.
Starknet ecosystem
StarkNet is a type of Ethereum scaling solution known as ZK-Rollup. ZK Rollups can scale to millions, even billions of people. Argent X is the most popular and only open source wallet for StarkNet.
- • 10kSwap: An AMM progressing with Ethereum and deployed on StarkNet mainnet with open-source contracts written in Cairo. One can connect and swap/add liquidity similar to Uniswap. There is a possibility for airdrop in the future.
- • Astral: A token distribution platform that allows launching projects on the platform to find the most relevant users for their use, also allows users to monetize their reputation. The protocol is still on testnet, so one can go ahead and mint ASTR tokens. After that, liquidity can be added to protocols like Alpharoad Finance and Stake ASTR tokens.
- • Silver: A decentralized self-custody wallet on Starknet, it’s on zkSync & Starknet. The strategy is to be an active user and use the swap feature. Possible airdrop.
- • RabbitX: An order book Perp DEX that charges 0 fees for trades. There is no token yet and the protocol testnet will go live soon. Airdrop has been confirmed.
While most protocols don’t make promises, the best way to look at airdrops is from a learner’s perspective. For example, many Ethereum Naming Service (ENS) users have received thousands of dollars worth of Airdrop just because they found it fun and useful. So the idea is to explore the web3 ecosystem, find projects you think are interesting and interact with them.
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Disclaimer: This article was written by Giottus Crypto Exchange as part of a paid partnership with The News Minute. Investments in crypto assets or cryptocurrencies are subject to market risks such as volatility and have no guaranteed returns. Please do your own research before investing and seek independent legal/financial advice if you are unsure about investing.
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