There are many different ways for people to obtain cryptocurrency. You can mine coins, buy them for cash, or exchange the coins that you might already have for something else. Other methods include staking rewards and interest rates you earn from lending crypto. However, one of the most popular ways to obtain crypto is through airdrops.
In this article:
What is an Airdrop?
Airdrops are crypto events where issuers of digital currency distribute coins to their users for free. This is done so that the coin will receive greater exposure, liquidity from trading, and so that it would attract more users through free rewards.
Of course, when we say ‘free cryptocurrency,’ we mean that you don’t have to spend money to buy them. However, there might be some other conditions before you get your cryptos. For example, projects might ask that you engage in community-building activities and efforts, which usually have a goal of expanding awareness of the project, completing surveys to give feedback to the issuer, and alike.
Generally, this method of distributing coins has been very successful in the past, as many projects have utilized an ICO airdrop to grow into big and popular cryptos. As a result, the airdrops have continued to this day.
This is hardly surprising, as everyone likes a free cryptocurrency sent to their wallet in exchange for small services, such as retweeting a tweet or completing a short survey.
Now, as mentioned, airdrops are still very much alive and well, and there are plenty of them that take place every month. We had a few great ones in September, such as Uniswap, Binance Jersey, and many others.
While these have ended, many more are coming up, in case you plan on joining in. Here are some of the most notable ones.
Best Airdrop in October 2020
The most exciting airdrop started in September was Stormgain, which includes an entire contest and offers a prize pool of 15,000 USDT as a reward. It began on September 25th, and it will last until October 11th of this year.
To win the coins, you will have to show off your trading skill in a live market, under the real market conditions, right alongside other traders. By participating, you get to try out your trading skill, potentially learn something new, and if you do well, win quite a bit in rewards.
You can learn more about it by clicking here.
Top Crypto Airdrops to Look Forward To
With September ending, plenty of airdrops have already been completed. However, you haven’t missed out. There are plenty of others that are coming right up in October and later on in the year. For example:
Symbol is a next-gen, open-source, decentralized blockchain platform, built on the NEM blockchain. It is meant to help businesses connect to blockchain technology more efficiently by reducing complexity and cost while finding ways to boost earnings.
NEM plans to launch the Symbol blockchain in December of this year. Meanwhile, it also intends to conduct an airdrop where any eligible holder who owns at least 100 XEM will get free XYM coins at a 1:1 ratio. The airdrop will take place sometime between December 3rd and December 16th, and the exact date will be announced as we approach the event.
We also have the Bella Protocol’s airdrop starting September 30th. However, it will be a long-term airdrop that will end on July 15th, 2022, divided into eight rounds of drops in total. You have more than a year and a half to participate in it and win as much as you can of the 2 million BEL coins distributed during this period.
Bella Protocol is an aggregated UI for existing DeFi protocols, and with DeFi being the hottest new trend of the crypto world, this airdrop and the project behind it are likely to attract a lot of attention.
However, to be eligible to participate in the airdrop, you have to hold APRA — a token made by the same team which created Bella Protocol. All you need to do is hold APRA tokens to one of the supported exchanges at the time of the snapshot, and you will get 1 BEL for each 5,000 APRA that you hold.
Despite the name, Bitcoin Rhodium is not a fork of Bitcoin. Instead, it is an entirely new cryptocurrency that relies on transparency. It also has a long-term vision for the future. It is much scarcer than Bitcoin itself, with plans to only release 2.1 million of its XRC tokens.
The project is holding an airdrop that will distribute 16,072 tokens to its users who already own some XRC coins. All that users need to do is hold XRC in their private wallet for three months, and the rewards will be theirs.
Each 3-month cycle is followed by a 2-week period during which the coins are airdropped, and the most recent cycle ended only recently. The next airdrop will take place on October 5th of this year. If you have failed to join in time, you can do so now and participate in the next cycle.
Next, we have Morpher – a new zero-fee trading platform for all kinds of crypto and traditional assets. You can use it for trading digital coins, commodities, and even stocks at any time.
The platform is already fully functional, and its native token MPH is available for trade on Coingecko and Uniswap. However, it is also distributed to any new user.
You can get them too by signing up for their platform, completing a KYC, and connecting your wallet. That’s all it takes to get 100 MPH for free. Plus, you can get an additional 50 for every person who registers by using your link.
So, don’t wait any longer — join the platform right now and claim your free coins.
Next up, we have GoodDollar — a project that is actually a non-profit organization, which aims to leverage new blockchain technologies. Its ultimate goal is to help deliver a sustainable and scalable model for delivering basic income.
GoodDollar also created its own wallet, which allows anyone to sign up and claim its GS coins every single day.
Yes, that’s correct — the project is airdropping free GS every day to its participants. All you need is to create an account and complete a video KYC verification to claim the 1 GS registration bonus. Then, simply log in, and you will be able to claim free GS every 24 hours.
It’s a great way to get some free coins!
Last but not least, we have ARCS — a proprietary blockchain for data banking infrastructure. The project was made to make the working and construction of AIre faster and simpler. The goal is to improve the well-being of people around the globe, simply by empowering them through the rights to be the masters of their own data and adding value to said data.
The project is airdropping 25 ARX coins to the first 200 people who join, and all you need to do to become a participant is to create a bitCastle account and complete a KYC procedure. The coins will then be distributed a week after the airdrop ends. With that in mind, make sure that you are among the first 200 to join.
You can even exchange your coins after getting them, as ARX is already listed at the KuCoin exchange.
Top Crypto Airdrops Conclusion
With that, we would end our list. These are some of the best airdrops both available now as well as ones to look forward to. Simply pick your project of choice and get some free cryptos to start building up your fortune without investing your own money.