Top 4 FREE Airdrops in Q3 2024
Boxmining
11 months ago
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Executive Summary
Here's a rundown of the top four free airdrops you can farm in Q3 2024, focusing on projects with high potential based on their valuation, required effort, and expected returns. These opportunities, ranging from Ethereum Layer 2s to Solana-based games, offer various ways to earn points and qualify for significant rewards.
Top Airdrops to Farm in Q3 2024
Morph L2
- Morph is an Ethereum Layer 2 that combines optimistic rollups with ZK technology, which is a significant innovation in the Layer 2 space.
- It's a top pick because it has strong backing from major investors like Dragonfly and Pantera, having recently raised $20 million.
- The project's valuation is estimated at a substantial $110 to $120 million, making its testnet airdrop a prime opportunity for big rewards, similar to how Zeta Chain's testnet airdrop yielded around $2,000 for users.
- The Morph testnet is in Season 1, which started on May 13th and ends on July 31st, so there’s still time to participate before Seasons 2, 3, and 4 begin.
- To start, you need testnet tokens (Goerli ETH and Goerli USDT), which you can get from the Goerli PoW faucet and Morph's Discord faucet, respectively.
- Once you have the tokens, you must bridge them from the Goerli network to the Morph Goerli network using the Morph bridge.
- There are three main ways to earn Morph points:
- Interact with dApps: Engage with the 11 dApps building on Morph, such as Rap Chain, Ping Pong, Starland, and Clap AI. Many of these dApps also have their own point systems, potentially leading to additional token airdrops from them.
- Daily Check-in and Voting: Go to the "voting power" section on their platform, check in daily to claim voting power, and then use that power to vote for various projects. Don't forget to claim your daily mystery box, which gives you random amounts of additional voting power.
- Galaxy Campaign: Complete quests in their Galaxy campaign to earn "OATs" and extra Morph points. These quests also end on July 31st, aligning with Season 1, and the OATs are expected to act as a multiplier or booster for the airdrop.
Fuel Network
- Fuel Network is a project that has been discussed for a long time, with its testnet interactions initially not guaranteeing airdrops. However, they recently launched an official Fuel Points program.
- This program is not free; it requires depositing capital to earn points.
- You earn 1.5 points per day per dollar by depositing ETH or stablecoins on Fuel.
- A special bonus allows you to earn 3 points per day per dollar if you deposit easyETH between now and July 22nd.
- While it's disappointing that it requires capital, this model is common for projects bootstrapping liquidity.
- A strategy is to deposit any unused stablecoins or ETH-pegged assets you hold on the Ethereum blockchain onto Fuel Network.
- Despite raising $81.5 million at a $1 billion valuation, Fuel Network’s TVL (Total Value Locked) is only around $34 million after three days. This is considered "quite under-farmed" compared to other Layer 2s like Blast or Manta Network, which reached over $500 million TVL in their first week.
- Always remember to only deposit assets you are willing to lose, as there are inherent risks of smart contract failures. It's crucial to do your own research and evaluate your risk profile.
Particle Network
- Particle Network is building a "chain abstraction stack" that aims to unify all blockchain networks through one universal account. This means you could send money to any chain without needing to switch networks, which would greatly improve the user experience.
- The project has a valuation of $150 million, suggesting potential for very large airdrops, especially for testnet participants.
- You can farm the Particle Network airdrop through their live testnet, called Particle Pioneer, where you earn "party points" that will convert into future airdrops.
- To maximize your points, connect a wallet from either OKX, Bybit, or Binance Web3 Wallet, as this gives you a bonus of up to a 150% boost in point farming.
- All tasks are completed on the points page:
- The core of point farming is Task 3, which involves sending USDG to another address on the Berachain or Sepolia testnet. You can do this up to 50 times per day, and each transaction takes about 10 seconds.
- For Task 4, you can purchase testnet NFTs using USDG or testnet ETH.
Backwoods SOL
- Backwoods is a roguelite game currently building on Solana.
- It has public support from major Solana ecosystem players like Solana, Tensor, and Magic Eden.
- While they haven't disclosed fundraising or valuation, community sentiment about the Backwoods airdrop is "really, really strong" within Solana alpha groups and even among meme coin traders, indicating significant speculation.
- The game itself is described as "really, really fun."
- Backwoods is currently in an open alpha phase and uses a point system for participants.
- You can earn points by simply playing the game, through referrals, and by staking their NFTs (the current floor price for Backwoods PFPs is 2.59 SOL on Tensor or Magic Eden).
- To play, connect your Solana wallet, Twitter, and Discord accounts.
- A key tip for playing in hardcore mode and surviving until wave 30 to beat the final boss is to stack as many long-range weapons as possible (shotgun is best, rifle second best). Then, pull yourself to a corner of the map. Standing in the corner makes it so that the projectiles from the difficult purple "launcher" monsters don't directly hit you, allowing you to clear waves safely.
These four projects offer promising opportunities for free or low-capital airdrops in Q3 2024, with varying levels of effort and risk involved. Staying active and following the steps for each can significantly increase your chances of earning rewards.
Transcript
Transcript
So what are the top airdrops they can get right now that can farm for free and will be worth pretty good money? We compiled the projects that have the most highest potential to give a lot of rewards. We got Ron here So he's gonna take you through these airdrops one by one stick to the end to find out what that is. Let's get started First on this list is Morph. They're an Ethereum layer 2 that merges optimistic rollups and ZK technology Which is one of the first innovations in the layer 2 space Why I put more first on this list is because they have many large investors backing this project Recently, they raised 20 million from Dragonfly, Pantera and a lot of other tier 1 VCs Their valuation is estimated at around 110 to 120 million dollars For a project with nine-figure valuation giving out testnet airdrops Is definitely a very good opportunity. Take Zeta chain for example. They did a testnet airdrop their valuations at 400 mil 10% of their supply goes to airdrops and only a quarter of that portion goes to testnet users and I got about $2,000 worth of zeta tokens just by swapping around in the zeta chain testnet So how do you farm the morph airdrop? Right now the morph testnet is in its season one phase It began on may 13 and it will end on july 31 So there's still time for you to participate in the season one before season two starts They're also going to have season three and season four There's three ways for you to earn morph points But before you begin you're going to need testnet tokens in order to interact with any of these steps You'll need both whole ski eth and whole ski usdt So you can use the whole ski pow faucet to claim whole ski eth and use morphs discord faucet to claim whole ski usdt Then once you have those tokens because they're on the whole ski network, you'll need to bridge them To morph whole ski network. So go to morph bridge Connect your wallet and bridge your eth and usdt from whole ski to morph whole ski Then once you have some testnet tokens, you can move on to the next step part one interact with the dApps building on morph So currently there are 11 dApps that you can interact with to farm Points now some of these dApps will also have their own point system within their app There's rap chain there's ping pong there's starland and clap ai By interacting with those dApps you could also potentially earn their token airdrop These are all the dApps Part two is to check in and vote daily So what you're going to want to do is go to voting power here at the top and just click check in So you can check in today to claim your voting power If you have any available voting power, you can select any of these projects and vote for them And also don't forget to claim your mystery box every day after you've checked in The mystery boxes will contain a random amount of voting power so you can vote even more Part three right now what you can do is interact with their galaxy campaign There's a bunch of quests that you can complete to earn oats as well as additional morph points The available quests will end on July 31 same as the season 1 campaign And I think that these oats will act as a sort of multiplier or a booster for the morph airdrop Next up is fuel network This is one that we've talked about a long time ago way back in early 2023 Showing you guys how to interact with their test net for a potential airdrop just like celestia But late in 2023 their team clarified that interacting with the test net does not give you any airdrops Until recently Fuel announced the beginning of their fuel points program So this part is not free it does require capital to participate Essentially you're going to be depositing eth or stablecoin assets on fuel to earn points By depositing these eth assets and these stablecoins you'll be able to earn 1.5 points per day Per dollar value and starting now until July 22 if you deposit easy eth you'll be able to earn three points per day per dollar value So yes, it is a little bit disappointing But because they're bootstrapping liquidity a lot of the projects are going for this model So my strategy right now is just to deposit any unused stablecoins or eth-pegged assets on the ethereum blockchain Here onto fuel network Personally, I think that this is still quite under farmed considering that fuel network raised 81.5 million At a billion dollar valuation. This is a very large project But right now their tvl is only sitting at 34 million and it's only been three days If you compare this to other layer twos like blast or like mantha network Who've had their tvl sitting at more than 500 million after the first week This is still quite under farmed Just remember only deposit assets that you're willing to lose because there are inherent risks of smart contract failures So do your own research evaluate your risk profile before depositing any assets here on fuel network All right guys quick commercial for bybit Bybit is the exchange we have been using and be and guys use it before my face turns red and I can't talk here So guys use the like down below to use bybit Next up is particle network What they're building is a chain abstraction stack that unifies all chain through one universal account essentially what you're going to be able to do is just send Your money to any chain without switching to that chain, which is a very annoying user experience, right? And these are all of the chains that will leverage particle networks technology To allow users to send money seamlessly in terms of their valuation they're at 150 million dollars yet again same approach with morph with zeta chain for a project with nine figure Very big airdrops, especially if it's test net airdrop right now How do you farm the particle network airdrop? Right now their test net which is called particle pioneer is live where you can farm party points Which will convert into upcoming airdrops so the best way to maximize this is to connect Either one of these wallets will allow you to receive a bonus of up to 150 percent Boost in farming those party points So once you've connected your wallet all of the tasks will be done here on the points page So as you scroll down you can complete these tasks one by one task three This is the core of the points farming This is the most amount of points that you can farm because the maximum amount of times that you can do is 50 times per day In order to maximize your task three points farming You're going to send usdg to another address on bear chain Or say test net and last but not least for task four you can purchase these test net nfts using usdg or test net eth Josh how long did you spend on the particle network? That's 50 transactions a day takes about 10 seconds per transaction. Uh, you do the math Now the last project on our list is backwards This is a roguelite game that is building on solana right now and they actually have the public support of solana tensor and magic eden now They haven't done any fundraising nor have they disclosed their valuation But the community sentiment on On backwards is really really strong in a lot of the solana alpha groups that i'm in they've talked widely about the backwoods airdrop Even the meme coin traders. So there's a lot of speculation in this space But one thing's for sure is that the game is really really fun And right now backwards is in an open alpha phase So they're using a point system for participants How you can earn those points is simply by playing the games through referrals Staking your nfts and the current floor price for the backwoods pfp is at 2.59 sol You can trade them on tensor or magic eden. So for me, i've only been playing the game and I managed to get myself Well now it's above 8 000 but yesterday I was around 7 000 in global ranking So you just need to connect your solana wallet as well as your twitter account and your discord account in order to play the game Then once you're in the game, you can select any of these characters and press e if you want to use their skin So say for example, I want this one you go up here and you can select normal or hardcore mode And if you've been playing hardcore mode, there's actually a way to beat those five launcher monsters And i'll show you how Essentially the goal of the game is to survive until wave 30 and beat the final boss All right, so i'm at wave five and the best strategy here is just to stack as many weapons as you can preferably Long range weapons shotgun is actually the best rifle second best then once you're here what you're going to want to do is just Pull yourself to the corner here. The hardest part of this game is going against those purple Launchers which shoots five projectiles, right? But if you stand at a corner, none of those projectiles actually direct towards you So if you just stand still clear waves at the corner, you'll be okay So just survive as long as you can and try your best to get to wave 30 So hopefully that this tip helps you out. There you go. And that's it Those are my top four airdrop picks that i've been actively farming recently There are tons of other airdrops that you can do so smash that like button and subscribe to this channel If you want to see more of our airdrop content and also follow me on twitter because sometimes i'll be posting Really time sensitive airdrop alpha here so that you guys don't miss out on those airdrops. My name is ron Seanan out