In the world of cryptocurrency, upcoming projects often use airdrops to gain exposure. To be eligible for these airdrops, users typically have to perform certain actions, such as participating in testnets, using dapps, holding specified tokens or NFTs, or making a certain number of trades.
However, the Cosmos Network is unique in that users don't have to do much to be eligible for airdrops from upcoming projects. As a blockchain that uses the Proof of Stake consensus mechanism, most airdrops are given to users who are staking certain tokens built on the blockchain. Additional airdrops are given to testnet users. This means that users can receive airdrops simply by staking certain tokens, without having to participate in testnets or use the project dapp. However, there are specific networks within the Cosmos Network that are typically considered for airdrops.
It's important to note that this information is not financial advice, and users should conduct their research before investing.
Listed below are the networks within the Cosmos Network that are usually considered for airdrops:
COSMOS (ATOM)
As the native token of the Cosmos Network, ATOM is typically the token most considered for airdrops. Since Cosmos uses the Proof of Stake consensus mechanism, airdropping users who contribute towards securing the Cosmos Network by delegating their ATOM is a rational decision. If the native blockchain is not secure, other projects on it can be affected.
In the past, staking as little as 1 ATOM could make a user eligible for airdrops. However, recently, staking below 10 ATOM barely makes a user eligible. It's worth noting that the required number of ATOMs needed to be eligible for airdrops is chosen by the project that wants to do the airdrop. To remove accounts that are staking fewer ATOMs just for airdrop opportunities and not as a contribution to the security of the blockchain, the minimum number of ATOMs required for airdrops has been increased by most projects to 25 and 50 ATOMs.
If a user wishes to prepare for airdrops as an ATOM staker, they should stake a minimum of 25 ATOMs and up to 50 ATOMs. It's important to note that users are not taking this asset for airdrop opportunities alone. They will also earn daily staking rewards, and what they earn depends on the asset APR and the amount of the asset they are staking.
OSMOSIS
As the first decentralized exchange on the Cosmos Network, Osmosis is typically considered for airdrops. Staking a minimum of 200 OSMO can guarantee a spot in most airdrops, but 50 to 100 OSMO can still make a user eligible.
JUNO
Despite recent issues, Juno is still considered for airdrops. Staking up to 100 JUNO guarantees a spot in most airdrops unless the project chooses a higher number. Staking 25 to 50 JUNO can also make a user eligible.
EVMOS
Staking 200 EVMOS guarantees a spot in most airdrops while staking 50 to 100 EVMOS is still a decent option.
SECRET
Staking 100 SECRET guarantees a spot in most airdrops while staking 50 SECRET is still a decent option.
CHIHUAHUA
As the first meme coin on the Cosmos Network, Chihuahua is typically considered for airdrops by new meme coin projects. Staking 500,000 HUAHUA guarantees a spot in most airdrops.
Other networks are also considered for airdrops but the blockchains above are the most common ones. If you are interested in getting started with staking in Cosmos and earning daily block rewards while waiting for Airdrops, comment below. I will make a video guide on it.
