If you’re looking to grow your cryptocurrency holdings, airdrops are an easy way to do it.
Airdrops are “free” crypto events with issuers distributing a set number of their coins to their users. This is a win-win system for both the issuer and the user. The issuer wins by getting their coin better exposure and liquidity from trading. The user wins because they don’t have to pay for this value.
While the coins are free since you don’t pay for them, they don’t come without conditions. Often, airdrops require a little bit of participation to be eligible. What exactly the user has to do differs from drop to drop.
Some projects have users sign up to their mailing list, tweet out and promote the coins, and drop or other community-building efforts.
If you’re looking to spend a few minutes to get a few coins, we’ve rounded up some of the most notable airdrops coming up soon.
Exciting Available Airdrops
Chainge
This drop is all about getting sign-ups ahead of their product launch. Chainge offers coded financial services to users. This allows them to control their assets without intermediaries completely.
If you’re keen on getting in on the ground, Chainge is airdropping its tokens to those who sign p and participate. You get 200 points for users who sign up for an account, 10 points for each referral, 3 points if a referral refers, and 1 point if your third-generation referral successfully refers. The points are banked and changed to CHNG tokens at a 1:1 ratio when the product launches.
UniSwap
This airdrop has been ongoing since September 2020. It was created with the release of the protocol’s governance token UNI. If you’ve never interacted with Uniswap, then this is not for you. Instead, the project is rewarding those who have been around for a while.
15% of the total supply of UNi genesis is claimable by historical users, liquidity providers, and SOCKS redeemers based on a Snapshot on September 1, 2020.
400 UNI are claimable by addresses that ever called Uniswap v1 or v2 contracts, even failed transactions.
49 million UNO are claimable by historical liquidity providers and 1000 UNI are claimable by addresses that redeemed SOCKS tokens for physical socks or at least owned one SOCKS token at the snapshot date.
Basic Attention Token
This is one of the more interesting of the airdrops as it is ongoing. The founder of Javascript created the Basic Attention Token. Its purpose is to pay publishers for their content and users for their attention.
The token, which is valued at $1.11 on Coinmarketcap, is awarded to users who opt-in to watch “Brave Ads” while online using the Brave browser. It is a clever attempt at making adverts a profitable effort for both parties involved.
Alongside the BAT earnings, users can also claim random token grants worth 25-40 BAT once a month. These are offered on a first-come-first-served basis.
SwissBorg
This Swiss fintech company is building a crypto wealth management platform and is attracting users through a multi-stage airdrop.
The first is to promote the rebranding of their Community App. This app allowed users to earn tokens by predicting the price of Bitcoin. In the first Airdrop, you can get your share of $500,000 worth of BTC and free CHSB tokens by downloading the Community App and doing simple tasks.
In the second airdrop, the project is promoting their new offering, the Wealth App. New users can get up to €100 worth of CHSB for downloading the Wealth App and up to €100 worth of CHSB for each referral.
UMA
UMA, the synthetic asset creator, has an interesting airdrop coming up. It applies a different tactic compared to standard airdrops. Rather than simply hand-out tokens, these “KPI Options” provide an incentive to help you grow UMA’s total value locked (TVL).
The team has committed 2 million UMA tokens (~$60 million) that will be shared with UMA and five DeFi governance communities, including Yearn, Yam, Sushi, BadgerDAO, and Balancer.
This incentivizes those who receive the airdrop from participating rather than just selling them off. So if you’re not just in it for a quick buck, this is a novel approach to get behind.
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