Fans of cryptocurrencies have something to look forward to in the coming days as various protocols have announced their crypto airdrops plans.
AltLayer, an Ethereum solution, has recently become the first among three protocols to launch its airdrop campaign. The firm unveiled the token airdrops, exceeding $100 million for the next week. The ALT token and its claiming process were introduced at 9:00 am UTC on January 25.
The initial crypto airdrop comprises 300 million tokens with an average daily price of $0.32. If you factor in the current price, the total estimated value of the airdrop is approximately $96 million.
Those staking Celestia tokens and anticipating the ALT airdrop will experience a delay, as AltLayer has stated that “technical variations in the claiming mechanism” are responsible for postponing the airdrop for Celestia participants.
For those wondering what is the relationship between AltLayer and Celestia, AltLayer is a platform working on enhancing the scalability and cost-effectiveness of Ethereum. It has integrated with Celestia, a data availability layer for blockchains.
The collaboration is beneficial for AltLayer’s rollups, a technology that helps improve the efficiency of blockchain transactions.
AltLayer’s product, Turbo, is part of their roll-up stack and focuses on supporting virtual environments built on blockchains and on-chain games.
Turbo has incorporated Celestia’s State Stream feature to enable smooth and efficient data streaming. AltLayer doesn’t have to store every transaction on its blockchain, making the process more scalable and cost-effective.
AltLayer’s token airdrop is happening simultaneously with several other projects that are also anticipated to distribute their tokens to eligible recipients in the coming week.
Dymension, a deployer for multilayer rollups, is gearing up for the imminent launch of its mainnet. In conjunction with the mainnet launch, Dymension plans to conduct crypto airdrops of 70 million DYM tokens.
The distribution of these tokens will focus more on Celestia stakers and Pudgy Penguin non-fungible token holders. Still, participants in the Solana and Ethereum ecosystems will also receive a share.
Pudgy Penguin is a famous collection of 8,888 unique Non-Fungible Tokens (NFTs) launched in July 2021. Each Pudgy Penguin is a cartoon penguin with various unique traits like clothing, accessories, and backgrounds.
It’s worth noting that the claiming period for Dimension closed on January 21, indicating that individuals who didn’t claim the airdrop during that time have unfortunately missed out on this opportunity.
As per the pre-market perpetual traded on the decentralized exchange Aevo, the current valuation of the DYM airdrop suggests an estimated total value of around $210 million for the recipients.
Pre-market perpetual being traded refers to the trading activity of a financial instrument, specifically a perpetual contract, before the traditional market hours or official market opening.
Jupiter, a decentralized exchange built on the Solana blockchain, has officially announced the launch of its JUP token, which is scheduled for January 31.
The distribution of 1 billion JUP tokens is set to take place through an airdrop. As per the current pre-market trading value of JUP perpetual, which is approximately $0.41, the total estimated worth of the airdrop at current prices is around $410 million.
Bitcoin Ordinals users could also potentially qualify for an upcoming airdrop, as Leonidas, the pseudonymous developer behind Ordinals, has revealed the introduction of Runestone. This decentralized initiative, termed a Fairdrop, aims to recognize and reward the initial users of the Ordinals protocol.
Unlike an airdrop, which typically distributes tokens to all wallet holders meeting specific criteria, a fairdrop often involves additional steps or tasks that participants must complete to be eligible for the tokens.
In the case of the Bitcoin Ordinals’ Runestone fairdrop, users must interact with the Ordinals protocol in specific ways to be eligible for the potential airdrop. The exact details of the required tasks have not yet been announced, but they will likely involve creating or interacting with Bitcoin Ordinals inscriptions on the blockchain.
The goal of a fairdrop is to distribute tokens to a broader audience than possible with a traditional airdrop and to reward users who are actively engaged with the protocol. It is also a way to generate interest and excitement around a new project or initiative.
It is worth mentioning here that crypto enthusiasts seeking airdrops on X (formerly Twitter) need to exercise extreme caution due to the vast amount of scam accounts on the social media platform.
These fraudulent accounts impersonate the official social media pages of legitimate crypto companies that have recently announced airdrops, and the malicious actors create nearly identical posts, which gives you the impression of a legitimate airdrop campaign on a website.
Those campaigns redirect you to pages that compromise wallets and deceive unsuspecting users. Stay vigilant and verify information to avoid falling victim to such scams.
