- Blast mainnet is live, but the network witnesses more than $400M in withdrawals.
- Bybit will launch Pre-market trading for Wormhole’s token ($W) starting March 1, 2024.
- Bybit may have accidentally leaked the $W launch date – March 19, 2024.
- Rumors abound of ZkSync airdrop snapshot happening on February 29, 2024
2024 has arguably been the most successful year for airdrops so far. With Bitcoin blasting past $60,000 projects launching their tokens now are witnessing massive success as their tokens immediately shoot up in price.
Even though there have already been multiple four and five-figure airdrops this year, there are still some heavy hitters that have yet to launch their tokens.
This article explores some of the most anticipated token airdrops this year, that potentially may happen before Bitcoin halving in April
1. Wormhole
Wormhole is the leading interoperability platform powering multichain applications and bridges at scale.
The cross-chain protocol supports over 20 blockchains and has partnered with a multitude of decentralized applications.
Users have been anticipating an airdrop from this defi giant and have been doing various tasks on-chain ti try and position for the potential airdrop.
Recently, Wormhole announced they would be launching their token called $W. $W will be the governance token of the Wormhole platform
$W Tokenomics
- Max supply: 1,000,000,000
- Token format: Native ERC20 and SPL (using Wormhole’s Native Token Transfer standard)
- Lock-up: 82% of $W are initially locked and such tokens will unlock over four years
How to Qualify for the $W Airdrop?
Wormhole has not yet confirmed whether there will be an airdrop, although rumors support the possibility of a token airdrop.
Due to this, there is no announcement of eligibility criteria or snapshots. However, a long-standing method of farming airdrops is to use the protocol’s products. As such bridging between different chains using Wormhole can put you in a position to receive the airdrop should they do one. Bybit, one of the leading crypto exchanges has just announced the Pre-Market trading listing of $W, commencing on March 1st. Such Pre-market listing usually occurs near the launch of the token
In their pre-market listing announcement, Bybit may have leaked $W launch date:
2. Scroll
Scroll is an EVM-equivalent Layer 2 scaling solution for Ethereum that leverages ZK technology. The goal of Scroll is to offer an accessible scaling solution that upholds the core principles of Ethereum – trust-minimized.
Scroll secured a total funding of $90 million from investors including Polychain Capital, Robot Ventures, and others.
While an airdrop from Scroll has not been confirmed yet, like Wormhole, using their product may place you in a position to receive an airdrop should they do one.
How to Qualify for the Scroll Airdrop
The goal is to be eligible for the highest tier (Tier-1) rewards available. To achieve this, you want to focus on transaction count, dollar volume, and amount of smart contract interactions.
You can attain this by bridging to the Scroll network, performing swaps, adding Liquidity, and minting NFTs on the network.
3. ZkSync
ZKSync is a layer 2 EVM blockchain that aims to scale mainnet Ethereum and preserve its core values. Zksync developers are looking to attain hyper scalability that will enable the chain to have unlimited speed while maintaining high security and speed.
There are over 200 projects that have been built on ZkSync, including Aave, Uniswap, and Chainlink. Over $6 million has gone into auditing and stress testing the network to ensure maximum security.
Rumors of a ZkSync snapshot have saturated Twitter with many crypto users anticipating an airdrop roughly a month from now.
How to Qualify for the ZkSync Airdrop
To be eligible for a potential ZkSync airdrop, you would need to at least have used their official bridge to move assets to the layer 2 network. Performing multiple transactions on ZkSync over different months can also put you in a unique position to qualify for a potential airdrop.
Other qualifiers/multipliers can come from discord roles, specific NFT mints, or usage of specific ZkSync dApps like Paymaster.
4. Blast
Blast is one of the most anticipated layer 2 networks in the crypto industry since the testnet has been massively successful. The optimistic rollup network gives users up to 5% annual percentage yield on Ether and stablecoins held on the network.
Blast has grown immensely from $140M TVL in November 2023 to over $2 billion in February 2024.
Blast Mainnet just launched, unlocking billions of staked crypto for the first time. The network saw over $400 million worth of crypto withdrawal as rumors that Blast was just a Smart contract with a 3 of 5 multi-sig surfaced late last year.
How to Qualify for the Blast Airdrop
Blast promised its users that there would be an airdrop for them if they used the network.
By using decentralized apps built on Blast, users receive Points, which will be converted to $BLAST tokens during the Token Generation Event (TGE).
Blast has created the Blast Points API to enable all Dapps on the network to give their users Points.
These Points will be redeemable in May 2024, and therefore you have time to farm this airdrop. To farm the Blast airdrop,
- Head over to the Blast Airdrop page and bridge some ETH, WETH, or USDB from any network to Blast. (The more you bridge, the more your points).
- Scroll down to the list of Dapps on the network and begin interacting with them to gain Points.
NOTE: Rhino Finance, a cross-chain bridging protocol, is offering free bridging of ETH to Blast for the next month. The offer ends March 31, 2024.
5. Berachain
Berachain is an EVM-equivalent L1 built on the Cosmos SDK and powered by Proof of Liquidity. Originally BongBearsNFT, Berachain benefits from the feedback loops of CT, creating a unique and humorous, but otherwise effective BD strategy.
Berachain uses a novel PoL consensus mechanism to build on the economic inefficiencies of PoS.
The main virtual machine for Berachain is Polaris, built by the Beras themselves for constructing EVM-compatible chains with optimized performance.
Berachain Economy will be powered by its novel Tri-Token model consisting of $BERA, $BGT, and $HONEY. $BERA is the gas token, $BGT is the governance token and $HONEY is the native stablecoin.
How to Qualify for the Berachain Airdrop
Even though this is speculation for now, the Berachain airdrop promises to be one the largest airdrops in 2024, potentially airdropping 3 tokens at one to users.
Aside from using the testnet, Lots of new Bera-native dApps are emerging, and several existing teams and protocols are exploring building on Berachain as well.
The best place to start is Kodiak Finance, the native liquidity hub for the Berachain ecosystem.
To test the Berachain ‘Artio’ testnet,
- Head over to the official Berachain Faucet and get some $BERA to start using the network.
- After that scroll down and you will find a horde of Dapps to use and begin testing the network.
NOTE: Artio Testnet went live on January 11, 2024, and the snapshot has not yet been taken.
Conclusion
These airdrops are not all there is to it, however, judging from crypto Twitter (CT) chatter, these are the largest and most anticipated ones. Of all of them, Berachain is the youngest and provides the highest guarantee of capturing anyone who begins to engage from now on.
For the others, they have been around for months if not years, and already have tons of users and may provide high eligibility criteria that new participants may not necessarily meet.