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What Is Airdrop

Crypto airdrop is a marketing campaign of the project to create an interested pool of customers through the free distribution of cryptocurrency. Cryptocurrency airdrops can be carried out by the project in particular or with the support of a cryptocurrency exchange / third-party resource. Basically, the purpose of the coin airdrop is to promote the token / coin at the start, to announce the developer on the market by attracting the first holders.

The number of coins/tokens that are distributed for free through token airdrops varies from project to project. At the stage of airdrops crypto initial promotion, an asset may still cost nothing, or it may cost very little. But later it has the potential to increase in price up to x2, x3 and so on. The number of cryptocurrency airdrops participants is not limited, prizes are limited.

With regard to token airdrops, since the goal here is to draw the attention of the community to a new project, as a rule, users are simply required to spread the word about the specific promotion by completing basic and additional actions on social networks. Most often, to participate in a coin airdrop, you need:

Subscription to the social networks of the project and, possibly, the platform that announce cryptocurrency airdrops;

Registration on the platform where the token airdrop distribution is carried out;

Opening a wallet on the platform where the coin airdrop is carried out (optional);

Repost the record about the coin airdrop on their pages in social networks;

Subscription to the notification mailing list from the project / site;

Passing KYC verification.

How Have Airdrops Evolved?

Token airdrops became popular during the heyday of ICOs in 2017. Then the organizers of tokensales offered small amounts for small activities in social networks. Thus, it was possible to spread information about the ICO among the mass audience.

This type of marketing activity has become widely used by DeFi projects, which use it to distribute management tokens to users of decentralized protocols and applications. In this way they are trying to quickly increase their community.

Where Can I Find Info About Upcoming Crypto Airdrops

Where can I find out about the emergence of a new project and the distribution of assets? There are a number of sites that publish information about upcoming crypto airdrops on their pages on a free basis or on a partnership basis.

If we are talking about a project whose assets you already have, obviously, the message will appear on its website, or on the platform of the cryptocurrency exchange where the token / coin is placed.

How To Take Part in the Best Crypto Airdrop?

Regardless of the type of cryptocurrency airdrops, their participants must have a relevant address on the network of the coin or token that he wants to receive – a non-custodial wallet is required, the keys to which the user always keeps (for example, MetaMask or Trust Wallet). An exchange account for an airdrop will not work in most cases.

Some projects organize promotional campaigns for upcoming crypto airdrops and openly announce the terms of participation. Unfortunately, in most cases these are little-known companies whose tokens are of low value and are not traded on major exchanges.

Other startups announce token airdrops unexpectedly in order to reward a certain group of loyal users and prevent easy money lovers from giving away. This is usually done by popular or hype projects that distribute a considerable amount of tokens, the price of which can rise significantly. However, it is almost impossible to predict such events.

How Do Airdrops Crypto Work?

Developers send out free tokens according to certain criteria or when certain actions are performed. Often, startups resort to the support of well-known resources in the crypto industry.

For example, the Coinbase exchange has a special Earn section where you can watch a series of short videos about cryptocurrency, then take a test and, by answering the questions correctly, get some airdrops crypto coins.

Today, most startups simply accrue crypto assets to user addresses according to some criterion. For example, early adopters of a decentralized exchange can get its governance tokens for free. This is how DeFi project teams distribute airdrops crypto tokens among active members of their community and attract the attention of the industry.

Each cryptocurrency project has its own requirements for airdrops crypto giveaways  participants, but there are several main types.


You can get cryptocurrencies for performing certain actions. These can be messages in the chat, registration on the site, a post on various social networks. Each action has its own cost. In addition, the participant must record their actions and then transfer this information to the representatives of the project.

After the organizers confirm that the user has completed the required actions, they credit the earned tokens to his wallet. This is a traditional method, but today it is rarely used, since it requires a lot of effort from both the organizers and the participants.

Airdrop For Users

Tokens can also be credited for free to those who use a particular blockchain application. Such an airdrop is most common in the field of decentralized finance.

For example, a command of some protocol credits its management tokens to all registered users or those who have performed certain actions. 

Also, airdrop can be the result of a collaboration between a crypto project and a well-known service in the crypto industry, such as a wallet.

Airdrop For Cryptocurrency Holders

As large ecosystems formed in the crypto industry, tokens began to be distributed to owners of native coins of “infrastructure” projects. For example, a startup that runs on the Ethereum blockchain distributes its tokens to all ETH holders.

What Are the Risks of Participating in a Coin Airdrop?

Novice investors see airdrops crypto giveaways as an easy way to get money. However, participating in an airdrop either requires a lot of effort or comes with risks. Here are some tips on how to protect yourself from scammers:

Never share your wallet private key or secret phrase (seed phrase) to restore your wallet to anyone.

Be careful and independently check each project in which you want to participate. Look for information about him on the Internet and on trusted resources. If there is very little information about the project, the risks increase.

Be especially careful if you are promised fast and high income for participating in an airdrop.

Never share personal information about yourself or login data for personal accounts.

If you are asked to transfer a small amount of coins, and in return they promise to send more, these are scammers. Crypto airdrops are a free distribution of cryptocurrency, there is no need for investing. 

There are cases when scammers send a fictitious token to a wallet. It is impossible to detect a fake until the user decides to sell it or exchange it. Typically, the response is an error message urging you to visit a malicious phishing website. The interface of the page looks similar to a decentralized application (dapp) that offers to connect a wallet. The user confirms the transaction and unknowingly approves the transfer of their tokens to the scammers.

Scam Signs 

Since cheating is not uncommon in the world of cryptocurrencies, it is necessary to adhere to a certain hygiene of behavior.Namely: use strong passwords when registering on third-party platforms and even more reliable and secure ones for a crypto wallet. Also must do is to use two-factor verification for your account.

If a crypto airdrop or bounty requires sending your funds to third-party wallets to participate, think about it! In 99.9% there is no such condition, it could be a sign of a scam.

Also often scammers turn to phishing. The most effective way to avoid data theft in this case is to carefully examine the URL of the page to which it is proposed to go from an email or message on the site. Phishing changes a character in the original URL.

If your resource is 0000000000008.com, you need to count all zeros. Otherwise, you risk losing money.