2024 Potential Airdrops Compilation (Part 1)

2023 was a year of abundance in the crypto market. With the entire market rebounding, various projects took advantage of the bull market to reward their supporters through airdrops. Examples include Ethereum's L2 network Arbitrum, modular blockchain Celestia, Solana ecosystem's Jito, gaming project L3 XAI, and blockchain game Big Time. This wave of airdrop frenzy not only emerged across various sectors of the cryptocurrency market but also saw an impressive number of projects planning airdrops for 2024. With the market continuing to recover, it is expected that more projects will choose to conduct airdrop activities in 2024.

I. Solana Ecosystem

Marginfi

Marginfi introduced its point system in July last year but there have been no announcements regarding airdrops.

Kamino

Kamino has initiated its first-quarter point activity, retroactively tracking previous rounds of points, and has updated its airdrop plans on their official website and documentation. These airdrop plans will conduct genesis airdrops in April. Additionally, Solana liquidity pool Meteora announced the launch of MET point tracking on January 31. If you choose a liquidity pool with the Meteora logo on Kamino to provide liquidity, you will receive rewards from both.

Drift

Drift's first season of point activity ended on February 2. The official statement indicates that the point activity will last for a maximum of three months. They have traced users' past transactions, and it is highly likely that airdrops will occur in April. It is worth noting that the distribution of retroactive points will take place after the end of the point activity.

Parcl

Parcl's second season of point activity is ongoing, with the activity planned to last for three seasons. The official hint suggests that airdrops will occur after the end of each season. Based on the speed of each season being about one and a half months, it is likely to end in the first half of the year and start airdrops.

Zeta Market

Zeta Markets' second-quarter point activity began on January 10. In this activity, the multiplier of participants' points will be proportional to their ranking on the profit leaderboard. This mechanism greatly attracts the attention of traders. Recently, Zeta also launched a $JUP trading activity where participants trading $JUP can earn triple points.

Magic Eden

Magic Eden recently released a multi-chain wallet. Throughout February, users of this wallet can mint some NFTs for free within the wallet. Additionally, users of the Magic Eden wallet can enjoy a 1.25x multiplier of Liquidium points on the Ordinal lending platform and increase their chances of receiving $MOON airdrops on Saturn.

II. Cosmos Ecosystem

In the Cosmos ecosystem, the Celesita project is undoubtedly the highlight of this year. Firstly, its token price has continued to rise, and $TIA stakers have successively received airdrops of $DYM, $ALT, and others. Moreover, airdrops in the Cosmos ecosystem are relatively easy to obtain; simply staking can make you eligible for airdrops, while also earning substantial staking rewards. Of course, we should also be mindful of the risk of token price declines and the opportunity cost during the lock-up period.

Recommended Staking Tokens

We should choose to stake mainly $ATOM, $TIA, $OSMO, and $INJ tokens. Here are the reasons for staking these tokens:

$ATOM: As the governance token of the Cosmos Hub, $ATOM is usually the preferred token for airdrops in the Cosmos ecosystem.

$TIA: Celestia is highly regarded and provides data availability services for modular blockchains. Therefore, staking $TIA indirectly supports several other public chains. Additionally, the Celestia team collaborates with other projects to conduct airdrops for $TIA stakers as a marketing strategy.

$OSMO: Osmosis serves as the DeFi gateway and liquidity center of Cosmos and has already received airdrops of $TIA and $SEI.

$INJ: $INJ experienced significant growth last year, and although the Injective ecosystem is still in its early stages, some projects have confirmed airdrops in the first and second quarters of this year, with others yet to confirm their airdrop schedules. This presents a good opportunity to get involved. Projects confirmed to airdrop to $INJ stakers include Black Panther and Talis Protocol.

Staking Strategy

1、First, you must have a Keplr wallet.

Download link

2、Then, open Keplr's staking dashboard and select the chain of the token you want to stake.

Staking dashboard link：https://wallet.keplr.app/?modal=staking&chain=cosmoshub-4&step_id=2

3、It's best to choose validators ranked outside the top twenty, as they charge lower fees. Also, avoid selecting validators from centralized exchanges (CEX) as they are generally excluded from airdrops.

4、It is recommended to stake at least around 100 U, as some protocols filter out addresses with too low stake amounts.

III. Bitcoin Ecosystem

B² Network

B² Network is a Bitcoin Rollup solution that employs zero-knowledge proof technology and is compatible with the Ethereum Virtual Machine (EVM). Currently, there are two ongoing activities: the Odyssey testnet and earning points through Buzz deposits. It's important to note that the points earned from participating in Buzz deposits will only be available for withdrawal in April, similar to the Blast mechanism.

Merlin Chain

Merlin Chain is a Layer 2 solution built on native Bitcoin assets, created by the BRC 420 team. It is currently in the testnet phase (non-incentive testnet). According to information revealed by the official team on Space, Merlin Chain is expected to launch its mainnet as early as February and will introduce a series of incentive activities at that time. On February 5th, Merlin Chain's partner, Particle Network, launched the Inscription platform, initiating the Merlin Chain token Launchpad, followed by other staking-related activities.

BounceBit

BounceBit is a Bitcoin staking chain employing a dual-token Proof of Stake (PoS) mechanism developed by Bounce Finance. In this PoS mechanism, the supported dual tokens are BTC and its native token. BounceBit provides the opportunity for staking rewards on Bitcoin and its wrapped assets, thereby activating Bitcoin assets.

Currently, BounceBit operates similarly to Blast, where points are earned by depositing assets.

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