Solana airdrops might be the next best route for any crypto trader looking to secure new tokens earlier than 90% of the market.
If you have tried timing coins when they are priced low but they go even lower once you buy, then perhaps it is time to explore Solana airdrops. The earlier you get into quality tokens, the better your chances of achieving maximum gains. Participating in airdop mining might be the ultimate early-bird strategy.
What are Solana airdrops?
A crypto airdrop in a nut shell can be described as one of the marketing strategies that some crypto projects use to get their tokens into the market. In this case, Solana airdrops are airdrops that you can use to secure free tokens before they are available to the rest of the market.
For example, a DeFi project operating on Solana may want to roll out a new token sometime soon. They may thus announce an airdrop which will require users to hold and stake a specified minimum amount of a specific token or crypto such as Solana. A snapshot is then taken at an announced date and those who meet the airdrop criteria are added to the list of recipients on the airdrop date.
How to get Solana airdrops
Now that you know what its all about, it is time to look at why Solana airdrops are gaining popularity. Solana has become the favorite blockchain for many n this bull market. As a result, liquidity has been flowing into its ecosystem. Here are some of the platforms where you can farm Solana airdrops:
DeBridge
This is a bridge designed to facilitate the flow of cryptocurrencies across different chains. For example, you can use DeBridge to transfer assets from Solana to the Base chain and vice versa. This is a much cheaper alternative than bridging funds from the Ethereum mainnet which usually attracts hefty fees. It is an easier alternative to swap funds from Solana to most of the currently existing layer 2 networks. DeBridge does not have a native token, hence it is a candidate for an airdrop.
The most important thing you need to know is that you earn points every time you use DeBridge. Those points can then be used to determine eligibility for airdrops within the Solana ecosystem. This provides some incentive to use the bridge since you might benefit from an airdrop sometime down the road.
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There are a few things you should know regarding farming airdrops on DeBridge. You will likely have a more robust allocation of airdropped token if you regularly swap tokens across different networks using DeBridge. Allocation will likely be more favorable if you substantial funds.
Zeta Markets
Zeta Markets is an interesting Solana-based project. It is a DEX that facilitates leveraged decentralized trading. It happens to be one of the few derivatives trading exchanges that does not have its own native token. However, the platform recently confirmed that a native coin called $Z token is in the pipeline.
According to the official website, the Z token will be a governance token and will play an important role in the Zeta markets platform. According to the tokenomics segment of the website, traders who trade on the derivatives exchange will earn Z tokens and this will further incentivize trading. It also states that those who stake their Z will get to earn more rewards further down the road.
Jupiter
This is a DEX aggregator built on Solana. Unfortunately, it already conducted an airdrop for its native token called JUP. However, it is on this list because it has the Jupiter LFG Launchpad which is one of the biggest launchpads on Solana.
Even though the boat has sailed on JUP, you can still purchase it and use it as a gateway to access future airdrops coming through the Jupiter LFG Launchpad. Projects such as Sharky, Zeus Network and Wen are examples of projects whose airdrops were launched via Jupiter. You can farm airdrops on Jupiter by staking your JUP.
Sanctum
If you are looking to stake tokens in the Solana ecosystem, chances are that Sanctum will be on your radar. It is a liquid staking protocol and it currently supports over 30 tokens. This means it could support staking assets collectively worth billions. This could generate robust value for a native token. However, Sanctum does not currently have a native token but has announced plans to launch one in the future.
Staking SOL on Sanctum is a ticket to guaranteed rewards and will likely be a criteria used for Sanctum’s upcoming native token. However, you might need to learn about recent community quests which may further highlight requirements for airdrop eligibility. According to its website, you can own a pet by purchasing its corresponding liquid staking token. Leveling up your pets will reportedly earn opportunities for future rewards.
Also Read : Best Solana wallet
Uprock
This is a project which converts your phone into an AI node. Signing up will allow you to have a personalized AI web advisor and the more you use the app, the more you earn rewards in UPT tokens. According to the Uprock website, Uprock will have a maximum of 1 billion tokens and 10% will be available from launch. Over 50% of the tokens will be distributed to the community.
Conclusion on Solana airdrops
Note that the timelines for these Solana airdrops might be drawing near. They might be weeks away if not months hence the need to act fast. You might also need to come up with a strategy for what to do once you have the tokens in your wallet. Some may opt to sell them immediately while others may hold on to them and stake them, which may unlock more rewards further down the road.
Also check out Why Coinbase’s strategy for Base chain is paying off and here’s how
