As the broader digital assets market pulls back, Bitcoin (BTC) is slumping toward the $115,000 psychological level. With altcoins taking their cues from BTC, crypto airdrops may just be the best way to diversify investment.
Crypto airdrops offer investors a low-bar entry into promising projects and ecosystems, requiring little to no initial capital investment. Traders looking to farm airdrops can consider the following projects.
Wormhole
Among the crypto airdrops to watch this week is Wormhole (W), which was available starting August 14. On this day, Wormhole announced a portal earn program, offering airdrop farmers an entry into its multichain ecosystem.
Through its Portal Earn initiative, the program will reward participants with experience points (XP), when they explore the project.
“Portal Earn is a new way to experience the multichain world. A loyalty program designed to reward your every move across crypto. Earn XP by exploring new chains and transferring your favorite assets, unlocking powerful boosts and a higher Portal Status as you climb the leaderboard,” Wormhole shared in a post.
The project enjoys strong financial backing, with up to $225 million in funds raised and a valuation of $2.5 billion.
Participants in the fundraiser include renowned investors like Coinbase Ventures, Multicoin Capital, Jump Trading, and Arrington Capital.
Sentient
Another crypto airdrop project worth investing in is Sentient, a blockchain service that has raised $85 million from investors such as Pantera Capital, HashKey Capital, Delphi Ventures, and Hack VC.
Sentient announced quests on Galxe in a recent Discord post, revealing a new gamified way to earn y completing tasks on social media and participating in AMA sessions.
In return, airdrop farmers receive on-chai loyalty points, which will factor in when considering advancements for all AGI roles.
“We also plan to use these loyalty points to offer rewards for our long-term contributors,” read an excerpt in the post shared on Discord.
Morph
Morph should also probably be on airdrop farmers’ watchlists, after the chain announced a hub for interacting with the ecosystem. Airdrop farmers can complete simple tasks and earn points to qualify for rewards.
“Introducing the Morph Hub! A new way to explore, earn, and rise through the Morph ecosystem. Complete quests. Refer friends. Climb the Hub leaderboard. Earn token rewards,” Morph shared on X.
Airdrop farmers earn points by completing on-chain and social quests to earn experience points. Additionally, referring friends to Morph also attracts referral points.
The project has raised $25 million from investors such as DragonFly Capital, Pantera Capital, and the Spartan Group. The MEXC exchange also reportedly participated in the second-tier fundraiser.
Doodles
Crypto airdrop farmers may also consider Doodles, which launched on August 13, barely a week ago. Players could be eligible for potential rewards.
“The portal is now open. Follow Kyle as he escapes from Data-Bo-Data and journeys beyond the threshold of sanity. Catch bugs along the way (Kyle’s favorite snack) to earn points and unlock rare items,” wrote Doodles in a post.
Participants who complete tasks earn in-game currency, which can be used to open chests and skins.
Meanwhile, Doodles has already raised $54.5 million from several investors, including venture capital firm Seven Seven Six, 10T Fund, and Acrew Capital for the tier-3 round.
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