The fuel of the crypto ecosystem is undoubtedly airdrops that create new money and pump the chains' activities. The bear markets are not the ideal time for projects to launch their products because of the downtrend and the lack of intention to take more risks in a new coin by the crypto investors.
As a result of several years of observations, the veteran project owners choose not to launch their tokens in a downtrend. In many cases, they wait for a breakout or an upward trend after a long consolidation time. With the narrative of ETFs and upcoming halving, the projects are aware of the growing popularity of crypto again. Thus, the number, so do the amount, of airdrops will increase thanks to the risk appetite and hunt for another get - rich - quick narrative with coins that focus on popular narratives.
We have already some news from popular dApps.
Orbiter Bridge Announced an Airdrop
Orbiter is one of the most popular zk-tech Ethereum bridge where you can send your funds easily from mainnet to layer 2s or between 2 EVM layer 2s.
The project had launched a point system called O points to gamify the experience on the platform as well as a proof of attention that each user granted. Yesterday the team announced an upcoming airdrop that will focus more on the side of " O points " but also they may allocate some funds to crypto enthusiasts with a big chunk of money.
The bridge users are not purely satisfied with the way the team plans to airdrop because they have spent a lot of Ethereum in bridging actions already. Thus, their expectations are on the side of airdropping tokens at once as soon as possible.
KiloEX Airdrop Process
KiloEx is a decentralized exchange that operates on BNB chain. The team has already received Binance Labs support for initial funds and technical guidance. The platform rewards the users according to their trading volume, total funds held in the platform, the referral earnings the users get and finally from their daily commitment.
Users can earn diamonds that will be converted into airdrop tokens and the diamonds can be earned every single day that a trader visits the platform. In this way, the platform can show its unique sides and grab a decent amount of liquidity on it. Also, this can be a motivating factor for new users to gamify their decentralized exchange experience.
There are several other reward mechanism on KiloEx.
For example, here is a lucky draw that distributes points for the users.
If you open long / short positions on centralized exchanges and you are not happy with the funding fees and the lack of incentives, KiloEx might be a good fit to " farm " airdrop and keep doing what you used to do.
As it got support from Binance Labs, it is quite possible to get listed on Binance with its token launch. This can be a good opportunity to grab some cheap tokens with little effort 😉
Have you ever used these platforms to farm some airdrops?
Share your expectations from them below 👇
Hive On ✌️