Note: The original article was written by Akahilz!
A brief description
Airdrops are usually provided by project owners to compensate early supporters and are also a marketing tool. Airdrops are mostly free, but sometimes they are charged.
The WAX Blockchain ($WAXP) is a leading blockchain designed for web3 games and NFT projects. Because of this, many projects want to create their own tokens on the WAX Blockchain and conduct some airdrops.
Most projects will want to take advantage of WAX’s unique capabilities, so understanding the WAX ecosystem is critical to navigating an airdrop.
According to research, 95% of web3 projects always find a way to reward active users. They do this to understand where to invest their energy and avoid wasted efforts.
WAX Blockchain Overview
WAX, or Worldwide Asset eXchange, is a blockchain platform designed for creating, selling, and trading digital assets. A large number of decentralized applications (DApps) have been built on the WAX blockchain, all of which take advantage of its unique features:
Fast transaction speed and low transaction fees: WAX uses the Delegated Proof of Stake (DPoS) consensus and can conduct thousands of transactions per second with extremely low fees. This is crucial for smooth gaming experience and fast NFT transactions. (WAX offers users significant advantages compared to Ethereum’s high gas fees.)
Friendly user experience: WAX puts user experience first and provides features such as cloud wallets, eliminating the complexity of managing private keys. Even beginners who are not familiar with traditional crypto wallets can easily use WAX.
Focus on virtual goods: WAX is specifically designed for the virtual goods market, supporting the creation, trading, and ownership of in-game items, digital collectibles, and other virtual assets. (This focus provides a more specialized and efficient ecosystem compared to general-purpose blockchains.)
The concept of airdrop
Airdrops are essentially cryptocurrency giveaways to specific user wallets. Projects use airdrops to increase awareness, incentivize early adopters, and thus grow their ecosystem.
A quick search on Twitter/X or Google with the keyword “airdrop” will show you a list of ongoing and completed airdrops. In fact, some airdrops offer higher rewards than others:
$NOT Coin - The most recent airdrop event of the TON ecosystem, which was delivered to more than 35 million users via Telegram in 2024.
$BONK - Solana blockchain 2023 airdrop to incentivize supporters.
$WUF - The WAX blockchain’s most recent airdrop for early contributors and participants, taking place in 2024.
How to Get Free WAX Airdrops
There are many strategies to choose from to get your free WAX airdrop, but we’ll start with the basics. Once you understand why the airdrop is happening, you’ve unlocked about 50% of the secrets/requirements.
1. Actively participate in the WAX ecosystem:
Participate in WAX DApps: Use games, marketplaces, or other applications built on WAX. Regular interaction demonstrates your commitment to the WAX Blockchain.
Hold $WAXP: Holding the native token (WAXP) represents your investment in the WAX Platform. $WUF airdrops are based on the amount of $WAXP held in a user’s WAX wallet.
Follow WAX on social media: Stay up to date with WAX announcements and potential airdrops by following WAX on Twitter, Medium, Telegram, Discord, or the official blog. Project creators often announce airdrops through these channels.
2. Participate in WAX related activities:
Early Access Program: Some projects offer airdrops to users who participate in early access programs or beta versions.
Content creation competition: Some projects will hold content creation competitions, such as emojis, videos, articles, recommendations, etc., to promote their projects. Winners can receive airdrops as rewards.
Community Participation: Actively participate in the WAX community (forums, Telegram groups, Discord servers). Making valuable contributions or helping others may get noticed and receive airdrop rewards.
3. Research upcoming WAX projects:
Look for projects that are developing on the WAX blockchain. Their website or social media channels may mention potential airdrops.
Consider signing up for the waitlist, mailing list, or keeping an eye on their airdrop announcements.
Take WUFFI ($WUF) airdrop as an example
The WUFFI ($WUF) meme coin is the first multi-chain meme coin project on the WAX blockchain, and this airdrop is very unique:
WAXP holders are divided into tiers based on the amount of WAXP they hold - ranging from 1,000 to 10,000 WAXP.
NFT Holders - The top 20 digital collections are given as airdrop rewards, all you need to do is become an NFT collector.
Bountyblok Missions - Complete social missions, get ranked, and receive airdrops.
Currently, WUF is looking to expand its utility and pave the way for it to become more than just a meme coin.
Summarize
By following these tips and staying informed, you can be well prepared for a potential airdrop on the WAX Blockchain. Remember, there is no magic formula for targeting a WAX Blockchain airdrop, and active participation and interaction can increase your chances.
*Friendly reminder: This article is for popular science purposes only and does not constitute any investment advice!