The crypto market continues to show strength, with Bitcoin eyeing the psychological $70,000 level. Amid the widespread optimism, well-informed investors are now eyeing airdrops as a potentially lucrative avenue.
For investors and crypto enthusiasts, these airdrops offer the chance to acquire new tokens and join vibrant crypto communities. Airdrops aim to distribute free tokens while attracting new followers and expanding user bases. This week, there are four significant airdrops to watch out for.
SupraOracles: countdown to launch
SupraOracles is giving away free SUPRA tokens following its October 21 Snapshot. The project has raised $26.52 million in funding from notable participants including Coinbase Ventures, HashKey Capital, Animoca Brands, and HTX Ventures.
Users who have completed simple tasks, including participating in the airdrop campaign, can now view their eligible tokens. Additionally, users can also select a token claim plan to confirm their receipt method. Participants who do not choose shall be automatically enrolled in a 30-month vesting plan.
Read more: What are crypto airdrops? Understand
Additionally, SupraOracles has launched another activity called Supra Starcade, with 250 million SUPRA allocated. This comes amid a larger prize pool and more user transactions. Participants will have to guess the prices of different tokens, and all activities will take place on the testnet.
Scroll: Scalability solution for Ethereum
Following a snapshot on October 19, new developments have emerged regarding Scroll’s airdrop. The project recently raised $80 million in a funding round led by Polychain Capital, with participation from Variant, IOSG, and Bain Capital Crypto. The new investment brings Scroll’s airdrop closer to completion.
The momentum comes after Scroll’s SCR token was listed on Binance’s launch pool, paving the way for formal community rewards. The SCR token will debut on major cryptocurrency exchanges on Tuesday, October 22, alongside the launch of the claim portal, allowing farmers to redeem their tokens.
The airdrop will likely be based on tokens accumulated by multiple Ethereum addresses. Additionally, on-chain pegging criteria will also be used to filter out Sybil attackers and bots. As reported by BeInCrypto, 1 billion SCR tokens will be available, with 15% allocated for the airdrop, split into two phases of 7% and 8%.
However, the community sentiment surrounding the airdrop is not very encouraging. Recently, concerns have been raised about the team’s ability to offer substantial rewards to over 2 million active addresses. Furthermore, there is speculation that some insiders may have unfairly accumulated large amounts of on-chain staking.
The Scroll team is so greedy! After allocating 23% to themselves, they also chose to manipulate the airdrop by allocating team addresses with over 1 million on-chain footprint each, said Anon Vee, a crypto investor and trader at X.
Eclipse: Blockchain Infrastructure Token Watchlist
Eclipse, the first Ethereum layer 2 (L2) solution powered by the Solana Virtual Machine (SVM), has raised $65 million from investors including Polychain Capital and Delphi Ventures. Tribe Capital, Hack VC, and Placeholder Ventures also co-led contributions.
While the reward date remains uncertain, Eclipse is among the airdrops expected to take place this week. To participate, users will need to mint NFTs as the project’s mainnet or official bridge becomes operational.
To honor this milestone, claim ‘Path of Discovery,’ a commemorative NFT designed by Nio on Scope. Minting is open for 7 days, Eclipse wrote.
Participants must add the Eclipse network to their wallets before minting NFTs, with the bridge allowing a minimum of 0.002 ETH per transaction.
Aptos: production-ready blockchain
In the search for new projects, airdrop farmers could forget about existing giants like Aptos. Based on the project’s tokenomics, 51% of the tokens are allocated to community rewards. The airdrop also comes as a celebration of the second anniversary of the mainnet launch.
Against these backdrops, Aptos has raised $350 million in a fundraising co-led by Binance Labs, Andreessen Horowitz (a16z), DragonFly Capital, FTX Ventures and Jump Crypto. Other participants include Coinbase Ventures, Circle and Multicoin Capital.
This also presents a potential airdrop with participation involving NFT minting. Aptos has released a limited edition NFT to celebrate the second anniversary of the mainnet launch.
“Cheers to Two Years! If you’re here, you’re here early to celebrate Aptos’ 2nd Mainnet Anniversary, and we’ve released a commemorative AptosTwo NFT—available for a limited time only. Mint yours today and tell all your friends you were the first,” Aptos shared.
Read More: What is Aptos and the APT cryptocurrency?
While it has not indicated whether there will be an airdrop for this NFT, minting is free and can give APT bonuses, as well as projects from the Aptos ecosystem.
The article 4 airdrops excite the market this week was first seen on BeInCrypto Brasil.
