Getting free tokens through airdrops is a great way to earn money, especially if you don’t have much money to invest upfront. This article is all about the top five popular platforms on the Solana blockchain that have the potential to give you a significant amount of free tokens through airdrops. Let’s take a look at this Top 5 Solana airdrops.
What is Airdrop?
In simple words, a crypto airdrop is like getting free tokens or coins from a cryptocurrency project. It’s when a project gives away a certain amount of its cryptocurrency to people for free. To be part of an airdrop, you might need to do simple things like signing up on a website, following social media accounts, or holding a specific amount of another cryptocurrency.
Airdrops are a way for new projects to promote themselves and distribute their tokens to a wider audience. People receiving these free tokens can then decide to hold onto them or trade them on cryptocurrency exchanges.
Top 5 Solana Blockchain Airdrops
1. Jupiter
Jupiter Exchange is a decentralized exchange (DEX) aggregator constructed on the Solana blockchain. They have set aside a generous 40% allocation for airdrops, with three rounds still remaining. Currently ranking as the third highest in daily trading volume, Jupiter Exchange offers an opportunity for users to become eligible for these airdrops.
- To qualify, individuals can visit their website, engage in swaps, utilize limit order functions, and actively trade on their DEX while responsibly managing risks.
- Additionally, users are encouraged to explore and use their other products such as DC and Bridge.
- This presents an exciting prospect for individuals looking to participate in the Jupiter Exchange ecosystem and potentially benefit from their airdrop initiatives.
2. Drift Protocol
Drift, positioned as the first perpetual decentralized exchange (DEX) on Solana, extends its offerings beyond perpetual trading to include spot trading and swaps. The platform has successfully raised a noteworthy $3.8 million in funding from key investors such as Multicoin Capital and Jump Capital.
To become eligible for potential rewards, users can take the following steps:
- Deposit SOL or USDC at https://app.drift.trade, actively engage in perpetual trading, spot trading, and swaps, and earn raffle tickets as they go.
- It’s recommended to repeat these activities every 2-3 days to generate substantial trading volume.
- Typically, DEX platforms like Drift base their airdrop distributions on user activity and trading volumes, making consistent engagement a key strategy to maximize eligibility for lucrative rewards.
3. Zeta Markets
Zeta Markets, a decentralized derivatives exchange built on the Solana blockchain, has successfully secured $8 million in funding from notable investors such as Electric Capital and Wintermute. The platform has recently introduced the innovative z-score, which is set to be converted into tokens.
To become eligible for potential rewards, interested users can take the following steps:
- Visit https://dex.zeta.markets/trade/, actively trade on the platform to boost their z-score, and participate in Zeta Markets’ Season 1 reward program.
- The introduction of the z-score adds an extra layer of engagement and potential benefits for users, making it an exciting opportunity to explore and participate in the growing ecosystem of Zeta Markets.
4. Phantom
Phantom, a user-friendly crypto wallet, has garnered significant support, raising over $109 million from investors such as Paradigm and others. With an impressive user base exceeding 3 million, Phantom offers a seamless experience for crypto enthusiasts.
To become eligible for potential rewards, users can follow these steps:
- Download the Phantom extension at https://phantom.app, leverage the wallet’s efficient and cost-effective token-swapping feature, mint NFTs directly within the wallet, and subscribe to the platform’s drip-free Solana collectibles.
- Regularly performing these actions enhances your chances of eligibility, making Phantom an accessible and rewarding choice for those looking to actively participate in the crypto ecosystem.
5. marginfi
marginfi, a prominent lending and borrowing protocol on the Solana blockchain, has successfully raised over $3 million in funding from Pantera Capital and other investors. The platform has recently introduced mrgn points, which will be converted into tokens.
To become eligible for potential rewards, users can follow these steps:
- Visit their app at https://app.marginfi.com, engage in lending and borrowing activities to earn points (where $1 lent equals 1 point, and $1 borrowed equals 4 points, encouraging increased borrowing), and amplify your eligibility by referring others to the platform.
- This dynamic system not only facilitates financial transactions but also incentivizes users through the accumulation of mrgn points, providing an attractive opportunity for active participation in the MarginFi ecosystem.
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