Solana is an open-source blockchain built by Solana Labs in 2017 that aims to be the home of dApps in the web3 ecosystem. In this article, we look at the possible Solana airdrop that will happen across its ecosystem.
Table of Contents
Short Introduction to Solana
Compared to its rival blockchains, Solana is implementing a Proof-of-History (PoH) consensus mechanism while still using a Proof-of-Stake (PoS) consensus mechanism. This hybrid mechanism on the network produces faster transaction processes with lower fees.
Solana’s efficiency and speed have made it an attractive hub for various web3 projects, including decentralized exchanges, blockchain games, and numerous other dApps. To learn more about Solana, its native token $SOL, and how to purchase and stake $SOL in the Philippines, refer to our comprehensive guide.
Solana Airdrop Ecosystem
A key growth strategy for dApps on the Solana network is the distribution of tokens through airdrops, a method aimed at attracting a larger user base.
What is a Crypto Airdrop?
Generally, an airdrop is a way for newly launched projects to attract more web3 natives to try their platforms or introduce their tokens.
Airdrops in the crypto world are akin to receiving a voucher for signing up for promotional materials from a new store; they serve to introduce and promote the brand while encouraging patronage. Crypto airdrops follow a similar approach, offering free tokens, NFTs, and digital collectibles for simple tasks, thereby increasing platform engagement and trust.
These minimal tasks include:
- sharing their social media accounts,
- making a review of the project’s website and services,
- signing up for a newsletter,
- trading on DEXs, or
- holding or staking a specific crypto for a specific period.
Solana-Based Projects With Upcoming or Potential Airdrop
Let’s now take a look at Solana-based projects which either have confirmed or potential airdrops in the future.
marginfi
A decentralized lending protocol offering sophisticated risk management and transparency, marginfi is set to introduce a points system redeemable on its platform for activities like lending, borrowing, and swapping crypto, hinting at a potential future airdrop.
Potential marginfi Airdrop Task
Phantom
With over three million users, Phantom is a known non-custodial wallet for assets supported by Solana, Ethereum, and Polygon.
According to crypto airdrop aggregator Airdrops.io, a potential airdrop may happen once Phantom has introduced its own token, and the only criteria, as of this writing, is by just making a swap in the platform.
Potential Phantom Airdrop Task
Drift Protocol
The Drift Protocol is a perpetual DEX, which allows users to trade perpetual contracts, which are agreements to buy or sell an asset at the current price, without an expiration date.
It also leverages a Dynamic Auto Market Maker (DAMM) mechanism to optimize capital efficiency and reduce slippage for traders. According to its website, the DEX offers perpetual trading with up to 10x leverage, borrow or lend crypoto, stake to provide liquidity, and swap spot tokens.
Like the first two projects, a potential airdrop can also be launched by the Drift Protocol once its native token is introduced. To qualify, users should allegedly stake crypto, borrow or lend, and trade.
Potential Drift Protocol Solana Airdrop Task
Jupiter
Jupiter is a DEX aggregator and infrastructure for Solana. It claims to offer the best price, token selection, and user experience for swapping tokens on the network.
It has its own native and governance token, which is $JUP. According to the developers, 40% of the total supply of $JUP is allocated to the aggregator’s airdrop. To qualify, users must use Jupiter’s limit orders, bridge, and perpetual contract features.
PotentialJupiter Exchange Solana Airdrop Task
- Swap on Jupiter directly, use the bridge function, and perform other activities on its platform.
- Website: https://jup.ag/
Tensor
Tensor is an NFT marketplace that is known for paying full royalties on enforced collections while charging no royalty fee on the rest. It also offers features like floor price charts, market-making orders, and fun games like YOLO buy.
Recently, Tensor hinted at rewarding its users who traded NFTs for the past six months. If qualified, users will receive a free mystery box that may contain rewards. The marketplace also has a season-based airdrop system that rewards users for bidding, listing, and market-making on its platform.
Potential Tensor Solana Airdrop Task
- Buy NFTs from the top collections and list them. Can also buy a “Tensorian” and stake it.
- Website: https://www.tensor.trade/
This article will be updated from time to time.
This article is published on BitPinas: Ultimate Guide to Solana Airdrops 2023 – 2024
Disclaimer:
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