December presents an exciting opportunity for small investors to explore promising cryptocurrency projects despite ongoing market uncertainty. Several notable free distributions are set to take place before the end of the year, providing an opportunity to gain exposure to innovative projects.
After extensive research, here is a curated list of the top 10 cryptocurrency distributions this month, including the projects behind them and essential details for participating.
Gateway to Bitcoin: Shaping the DeFi Era of BTC
Portal aims to revolutionize Bitcoin’s role in decentralized finance by enabling a custodial, cross-chain infrastructure. Backed by $42.05 million in funding from Coinbase Ventures and OKX Ventures, the project’s public testnet is live. Participants can also earn LiteNode credits through swaps and tasks, which put them up for rewards. LiteNodes will verify transactions and claim 5% of the emissions.
According to a popular user on X, Meiji, the free Portal distribution could explode just like Magic Eden (ME) and Movement (MOVE) did.
“Let me put you on something that could explode like the ME and MOVE freebies. If you missed those, don’t let this pass you by. Portal is about to redefine Bitcoin in DeFi. The game changer has just hit the public testnet,” Meiji said.
Portal also aims to simplify peer-to-peer cross-chain transactions, enabling developers to build scalable applications without worrying about the security of bridges and encapsulated assets.
Yellow Network: Priority Access Awaits You
The Yellow Network is a decentralized clearing network for digital assets, aiming to address the inefficiencies of traditional cryptocurrency trading systems. With a $10 million funding round led by Ripple co-founder Chris Larsen, the Yellow Network offers a decentralized clearing system.
Its free distribution has been confirmed, with participation including completing specific tasks to qualify for free distributions and potential rewards. Follow the step-by-step instructions and keep up with task updates and statuses to become a potential recipient of the Yellow Whitelist.
Yellow also recently announced a new product that allows participants to be among the first to access it by filling out a waiting list form. Based on the timer, there are only eight days left. The announcement states that this is “your chance to stay first,” so filling out the form will likely give participants an advantage over other users.
“Get ready to be part of something revolutionary. Join the Yellow Network waitlist now and claim your place at the forefront of DeFi. Why sign up? - Get priority access to groundbreaking developments. - Be part of a community shaping the future of finance. - Stay ahead of the curve in the ever-evolving world of blockchain,” said Yellow.
The free distribution also ties into a mission-based waitlist, offering early access to groundbreaking developments. Community manager Gaudenzio.eth has hinted at additional updates, urging users to act quickly with only eight days left to join.
Open Layer: Data Contribution Reward
OpenLayer combines AI and blockchain to create a privacy-focused data layer. Participants earn points by completing tasks like minting NFTs and sharing invite tokens. The project, backed by $5 million from a16z CSX and others, is running a Holiday Fest campaign with exclusive rewards.
At the same time, the free distribution status is confirmed, with task types ranging from minting NFTs to completing other tasks like inviting friends and tracking your progress on the leaderboard to earn points.
“You can earn points in three simple ways: Tap the egg daily to collect points. You can feed it up to 4 times a day. Connect your Coinbase and Twitter accounts to complete your registration and earn more points. Every day, the extension gives you new invite codes. Share these codes with friends or in our Discord server to earn extra points and boost your progress. It’s a win-win for everyone,” Open Layer said.
Open Layer is an AI-powered data layer where users can contribute and verify data through a Chrome extension, earning points in return. Developers, with user consent, can access this data to train AI, target users, and improve features, while ensuring privacy is maintained.
SwayLend: Earn Sway Points for Activity
A decentralized lending platform on the Fuel Network, SwayLend rewards users with SwayPoints for providing liquidity or borrowing assets. These points unlock benefits, including Fuel Points, which boost user engagement and rewards.
The project also recently launched the SwayPoints system, designed to reward engagement. The SwayPoints program incentivizes users for their activity on SwayLend, rewarding them based on their participation. These points reflect the value of their contributions and give them access to additional benefits such as Fuel Points. Participants earn points by saving, lending, or borrowing assets.
“Points are allocated every 24-hour cycle. You can earn points from multiple activities at once,” SwayLend said.
Meteora: Improving Solana Yield
Metora offers a dynamic yield infrastructure to improve returns across lending platforms. Rewards for liquidity providers are confirmed with M3M3 tokens. This project seeks to revive trust in Solana’s DeFi ecosystem.
MET token distribution is confirmed, with Metora rewarding liquidity providers through its dynamic yield optimizer. Built on Solana, it dynamically reallocates capital to maximize returns, providing unique value to DeFi users.
“Metora’s vision for the MET token is to be a community token that rekindles trust in Solana’s DeFi. MET will be the primary economic driver of Metora’s dynamic yield layer. Powered by the Metora platform, the token will grow and gain value as the platform grows into Solana’s capital allocation layer,” the network said.
Its comprehensive ecosystem, including vaults and yield enhancements, supports its vision to revive Solana’s DeFi. Metora is creating a community-driven token to foster trust in DeFi.
Bond: Search Rewards on the Chain
Bond has raised $7.5 million with Coinbase Ventures among its backers, and is developing a blockchain-powered search engine. Users can earn points by completing tasks, and the leaderboard currently hosts just 9,000 participants — a tempting prospect for early adopters.
The distribution of rewards has been confirmed, with farmers required to complete tasks to qualify for potential distributions and rewards. Bond has a tab on the site that contains tasks that participants can earn points for.
Fiamma: Revolutionizing Bitcoin with ZKPs
Fiamma Network specializes in zero-knowledge proofs (ZKPs) to secure and integrate blockchain systems. It leverages the economic power of Bitcoin through Babylon and BitVM2, enabling decentralized zero-knowledge proof capabilities for both Bitcoin and Ethereum. This network aims to enhance the security, efficiency, and scalability of blockchains, providing a powerful solution for end-to-end blockchain integration.
With $4 million raised in a recent round, the first activity, the Testnet, is set to honor this gathering. The Testnet went live on December 7, allowing participants to contribute to blockchain innovation and secure potential distribution.
Share the project: “Fiamma is proud to announce a $4 million seed funding round, led by Faction and L2 Ethereum Ventures to transform Bitcoin into a dynamic, trust-less asset and build a decentralized internet and financial system on Bitcoin.”
Layer Only: Preparing for 2025 Projections
The Only Layer blockchain platform leverages zero-knowledge and optimistic assemblies for efficient dApp operations. The project has also confirmed the free coin distribution and prepared the first activity, the testnet. Completing certain actions on the testnet qualifies participants for a potential free distribution that will take place in Q1 2025.
“While the V1 testnet continues, the Only Layer ecosystem is making significant progress in preparing the network for the V2 testnet and mainnet launch,” Only Layer said in a Medium post.
Perennial: Trading Bonuses on Arbitrum
The native derivatives platform for DeFi, Perennial, offers capital-efficient trading solutions. Perennial raised $12.60 million in a co-led funding round led by Polychain Capital and Variant. Coinbase and Archetype Ventures also participated. The Arbitrum Foundation also participated, contributing $600,000.
The free coin distribution status has been confirmed. Perennial has been running the Petals program since December 3. At the same time, Perennial launched The Petals program, where we can earn Petals (points) for trading on the platform. The Petals program, which was launched on December 3, rewards users for trading on Arbitrum. Early adoption can lead to significant returns.
“Introducing Perennial Intent and the Petals program is a step forward in solving liquidity sharding in DeFi. Bringing deeper markets, optimal pricing, and seamless execution of perpetual transactions. Intent now supported on Arbitrum,” Perennial said.
B: GPU Coding for the AI Era
GAIB turns enterprise-grade GPUs into a commodity asset class backed by real AI cash flows. It funds and tokenizes them, creating an interactive economy around them. In doing so, GAIB addresses the growing demand for high-performance computing resources in AI by transforming how advanced GPUs are funded, traded, and used.
The project's free coin distribution also includes Discord roles and campaign activities, and it has received $5 million in funding from Hashed Fund and Animoca Brands.
GAIM shared on Twitter: “Excited to announce that GAIB has raised a $5M seed funding round, led by Hack VC, Faction, Hashed, and over 30 amazing backers, to build the first economic tier for AI computing.”
With these free crypto distributions, crypto enthusiasts get a chance to interact with new projects that are shaping the future of blockchain technology. From Bitcoin’s growing DeFi market to AI-powered innovations, December promises to be a fruitful month for active participants.