Kyle Reidhead
Over 25k subscribers
GM DOers!
The real airdrop season will take place in the next few months.
We’re heading into a period during which many new tokens will finally go live.
A period during which all of your airdrop farming will finally pay off. 🤑
Today, I wanted to highlight all of the tokens that are coming up in March & April (that I’m aware of anyway), so you can keep them on your radar.
But first, let’s start with the latest airdrop which caught all the attention – Wormhole.
P.S- At the end, I will tell you about the new meta, that’s set to pump certain NFTs to Valhalla.
Oh, and btw… Happy International Women's Day to all ladies in our community. At the end of today’s newsletter we’re actually going to shout out the woman builder of the month. 🫶
Let’s get into it. ⏬
A couple of days ago, Wormhole, the most popular cross-chain bridge out there, announced their token airdrop.
What you should know:
The snapshot was taken on February 6th, 2024.
617.3 million $W allocated for the airdrop.
500 million $W will go to Wormhole users.
117.3 million $W for Wormhole Discord and other NFT & token holders.
At the token generation event, Wormhole is going to release 1.8 billion tokens (18%) out of the total 10 billion.
If we take a look at prediction markets (which are typically pretty accurate), we can see that $W is set to trade around $1.6.
With 617.3 million $W allocated for the airdrop, we should expect past Wormhole users to receive a total of ~$1 billion. 😳
Check your $W eligibility here.
Here’s a list of future token airdrops, scheduled to drop within the next few months. 👀
These are both lending/borrowing platforms on Solana – we’ve been waiting for these airdrops for a long time.
If you followed our Solana Airdrop Guide, you’re probably going to receive a healthy airdrop from each of these apps.
Kamino announced that their snapshot for $KMNO will be taken on the 31st of March.
For MarginFi, we still don’t have a set date but it’s just a matter of time. ⌛
In other words, you can still farm Kamino & MarginFi points now but it’s probably too late to qualify for a significant airdrop.
Parcl is a Solana-based project launching a token in April that represents real estate investments, enabling users to own fractional interests in property markets globally.
This is the L2 developed by Blur, which launched its mainnet last week. More about that here.
The Blast token is scheduled for sometime in April. By bridging funds over, you can still farm Blast points!
Mode Network is another L2 on Ethereum that’s launching a token in April. We have an airdrop guide for Mode here – it’s still not too late to bridge funds over & start farming.
If you want to do that, use my link to get started.
EtherFi is a leading liquid staking protocol on Ethereum, focusing on native restaking yields and governance.
EigenLayer is a restaking protocol that extends Ethereum's crypto economic security to other applications.
By using EtherFi, you can simultaneously farm both the EtherFi airdrop and the EigenLayer airdrop.
How to use EtherFi. 👇
P.S- You can also start farming on EtherFi using my link here.
BlackPanther, Talis Protocol and Hydro are three tokens launching on Injective.
To check your airdrop eligibility on Talis, you can go to Talis Dashboard and connect your wallet.
Hydro is currently doing a public sale on Mito Launchpad, and the token launch is likely to happen on March 14th. Soon after, airdrop allocation will follow for $INJ stakers and early access users.
Our ‘Ultimate Injective Airdrop Farming Guide’ would’ve gotten you qualified.
Tensor became a hit in the NFT world on Solana because of its rewarding points system, attracting loads of users and collections.
However, Magic Eden is now stealing Tensor's users and spotlight by introducing its own rewards, called Diamonds, enticing users to switch sides.
On March 13th, Magic Eden is rolling out Diamonds to Ethereum NFT traders.
Diamond holders will then be able to redeem their rewards $NFT tokens at some point in the future.
There’s a fierce competition between Tensor and Magic Eden right now for who’ll be the first to launch a token.
Isn’t FriendTech dead? Well, it pretty much is.
However, this spring, we can look forward to the launch of FriendTech V2, an updated version of the app that comes with its own token.
According to FriendTech, this will be a token owned fully by the community.
This could heat up the SocialFi ecosystem once again.
A former PFP evolving into a vast onchain cultural economy, aiming to create an interoperable infrastructure for account, identity, reputation, and PointFi systems, all powered by the upcoming $MOCA token.
This is a crypto exchange developed by the creators of the MadLads NFT collection.
On March 18th, they’ll have a snapshot, followed by a token launch shortly after.
Aevo is a platform for trading options and futures, operating on its own L2.
The token is already live on the Binance Launchpad, and you can farm it by staking $BNB – it will launch soon to the public.
Other honorable mentions: LayerZero, zkSync, Ethena, Zeta, HyperLiquid, Talent Protocol, IntentX, NIM, Drift, Grass.
And that’s 26 tokens coming up in the next few months. Hope this helps you stay on top of it all. 🫡
Airdrops to NFT holders – this is the new meta.
Pudgy Penguins got a massive $DYM airdrop, among many other airdrops.
Each MadLads NFT was given 16k $W tokens, worth about $26k.
Wassies By Wassies got a bunch of Blast L2 airdrops.
And other, smaller NFT collections pumped because airdrops were confirmed to holders.
Including NFT holders into airdrops is a smart move to generate buzz around the drop, so I expect that to continue to be the meta.
To capitalize on the opportunity, many people will flock to buy random NFTs, hoping for future airdrops.
I don’t see this as being very sustainable long-term. At some point, airdrops will cease to happen as frequently as they do now.
If certain NFTs don’t have any other utility other than being airdrop magnets, then they will inevitably plummet in price.
Even Pudgy Penguins went down from 22 $ETH to 15 $ETH recently because there were no new airdrops announced for a few days.
If Pudgies aren’t immune to such pullbacks, no other NFT collection is. Expect this to happen as the airdrop narrative fades away.
Stay safe out there, friends and don’t F this up!! ✌
Olly is the co-founder of Epic Web3 - an events platform that hosts & organizes web3 events.
Epic Web3 is dedicated to empowering web3 builders by offering a dynamic space for learning, collaboration, and growth and organizing impactful events worldwide.
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Disclaimer: This article is for informational purposes only and not financial advice. Conduct your own research and consult a financial advisor before making investment decisions or taking any action based on the content.
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