7 Retroactive Airdrops You Can Still Catch
The bull market provides an excellent opportunity for cryptocurrency projects to release their tokens. Some startups are still distributing their coins to early participants as retroactive airdrops.
Between October and December 2023, Bitcoin increased by 75%, positively influencing the overall dynamics of crypto projects. For example, Starknet announced its snapshot. The LayerZero team revealed upcoming listings, and the Jito platform awarded up to $20,000 for app usage.
In today’s article, we will explore 7 projects likely to offer retroactive airdrops in the next six months, and it’s not too late to get involved.
Why Are Retroactive Airdrops Resurging?
Many crypto projects refrained from releasing their tokens due to the bearish market trend. Retroactive airdrops are primarily marketing-focused, and in a market lacking liquidity, a project's native coin could debut weakly, resulting in disappointing outcomes for investors.
As of the end of 2023, Bitcoin is trading at around $42,000, with the overall crypto market capitalization at $1.65 trillion. This level marks a one-and-a-half-year peak, but there is still potential for growth. An upswing in Bitcoin’s price will likely lead to a surge in altcoins.
The trend of total crypto asset market capitalization. Source: coingecko.com
Airdrop hunters can't afford to miss such a window of opportunity, as the bull market is transient. Projects must aim to launch on exchanges before the market returns to a state of chaos and liquidity shortage.
Scroll
Scroll is an Ethereum Layer-2 network that went live in the mainnet in early October 2023. For context, most networks (like Starknet, Optimism, or Arbitrum) took 1.5 to 2 years post-mainnet launch to issue their native token. During this time, the DeFi ecosystems of these projects expanded, increasing the user base.
Scroll's TVL. Source: defillama.com
Scroll's Total Value Locked (TVL) is currently almost $20 million, which is relatively low compared to the aforementioned projects. Unofficial sources suggest that the Scroll team is preparing to launch its token in Q2 or Q3 of 2024. This rumor started circulating after some private investment pools reportedly received allocations from Scroll to purchase the token, effectively signaling its upcoming listing.
Our website has an article about activities on Scroll that could result in a retroactive airdrop. Considering the small TVL and the short time since the Mainnet launch, there is still a minimum of 5–6 months to perform the necessary actions on accounts.
ZkSync Era
The situation with zkSync is quite different. Its TVL currently stands at $150 million, and the token launch was announced back in April of this year. At that time, a team member stated that the ZKS coin could be expected approximately a year later. This announcement was made just before the launch of the zkSync Era mainnet.
The betting platform Polymarket gives an 85% chance that the zkSync airdrop will happen before April 30, 2024. Considering that snapshots are usually taken 1.5-2 months before the token listing, users have about 30–50 days left to get involved in time.
Betting odds on zkSync conducting an airdrop by the end of April 2024. Source: Polymarket.com
We have also previously published a guide on the zkSync Era airdrop and a list of actions required to be performed in this network.
Orbiter Finance
Orbiter Finance is a cross-chain bridge, that facilitates the transfer of cryptocurrencies and tokens across various networks. The rising value of BTC has also bolstered the Ethereum blockchain's popularity. Due to this surge, Ethereum's Gwei rate (the fee for transactions) often exceeds 100. This high rate makes using the official bridges from various crypto projects expensive, with costs for transferring funds from Ethereum to Linea ranging from $40 to $70.
Orbiter offers an efficient solution to this challenge. Transferring funds between networks via Orbiter's protocol costs between $3 and $5, significantly lower than the $20 to $30 charged when using native bridges. For over a month, Orbiter has introduced a feature where users accumulate special O-Points for transferring funds. It's anticipated that these points will eventually be convertible into an equivalent amount of the platform's native tokens.
O-Points Campaign on Orbiter. Source: www.orbiter.finance
The deadlines for participating in these activities are usually short. For instance, a campaign involving the Linea network concluded on December 18, followed by the launch of a new one. Points continue to be earned for regular transfers as well. Therefore, investing $20 to $30 to set up a personal wallet could be a wise decision while waiting for Orbiter to announce a snapshot. Moreover, users can engage in various quests on the Galxe platform.
Aevo
Aevo is a decentralized platform dedicated to derivatives and options trading. Since September 2023, both the TVL and the user base of Aevo have seen substantial growth:
Aevo Statistics. Source: https://discord.com/invite/aevo
As per the official documentation, the rebranding of the RBN token to AEVO and its subsequent listing on exchanges is expected by February 2024, which is less than two months away. The team has highlighted that a snapshot is yet to be taken, indicating that it's still an opportune time to start engaging with Aevo.
A likely criterion for receiving airdrops is obtaining a role in Discord based on activity. This involves depositing over $100 on the platform and actively trading without withdrawing funds. To secure this role, users need to fill out a Google form that appears periodically in the Discord channel.
Arbitrum Nova
The remarkable success of Arbitrum One has almost eclipsed its counterpart, Arbitrum Nova. Our website features an insightful article about a potential retroactive airdrop by this project, including a list of necessary actions to qualify.
The Total Value Locked (TVL) in the network is a modest $1.75 million, relatively small when compared to other Layer 2 solutions. However, Arbitrum Nova may still come into its own, particularly in light of the challenges faced by the main Arbitrum blockchain. For instance, Arbitrum One recently experienced a few hours of downtime, unable to process transactions due to a sudden increase in network traffic, which could prompt users to consider migrating to this new network.
The activities on Arbitrum Nova are notably inexpensive, with transaction fees under $0.1. Engaging in a few simple transfers could be a smart move, especially for those eyeing a potential airdrop.
Linea
Linea is a Layer 2 solution developed by ConsenSys. This team had also stirred interest with talks of releasing their token for the Metamask wallet, but despite two years since the announcement, the coin is still pending.
Nevertheless, the launch of the Linea token appears more probable. A project team member hinted in a tweet that the token is not trading anywhere yet, but will be soon. This seems to be a clear indication of an upcoming release of their native coin.
The cryptocurrency network guide for Linea on our site remains up-to-date. The Linea DeFi Voyage campaign might also play a role in any future retroactive airdrop, making participation in this activity worthwhile.
Recently, the TVL of the Linea blockchain surpassed $55 million.
Linea’s TVL. Source: defillama.com
Kinza Finance
Kinza Finance is a decentralized platform on the BNB Chain, focusing on liquidity farming and cryptocurrency lending, with a TVL of $12.8 million.
The project's official website features the Airdrop section. To accumulate points, users need to perform transactions with various tokens for deposits and withdrawals. Additionally, the referral program offers a chance to earn more points, which can be beneficial.
The Airdrop section on Kinza Finance. Source: app.kinza.finance
Given the enormous success of the Jito cryptocurrency protocol on Solana, engaging in activities on DeFi projects like these could prove fruitful. Hence, investing time in these ventures is advised for those seeking potential gains.
