Best crypto airdrops in April 2024: Explained for beginners

Numerous cryptocurrency platforms utilize airdrops to entice investors and enhance community engagement by providing free crypto tokens, typically without requiring any investment or financial risk. This article unveils the top crypto airdrops to seize in 2024, along with an in-depth exploration of how crypto airdrops function and the necessary steps to commence participation today.

List of the Best airdrops for 2024

1. CEX.io – Well-known crypto exchange presenting 40,000+ USDT in airdropped coins.
2. 99Bitcoins – Prominent Crypto YouTuber distributing $9,999 worth of BTC.
3. Smog – Fresh Solana meme coin with promising growth potential.
4. Bluefin – Novel decentralized trading platform established on the Sui network.
5. INIT Capital – Participate in crypto asset lending or borrowing for complimentary INIT tokens.
6. Mode – Massive 550 million MODE token airdrop. Gain points by facilitating token bridging.
7. Renzo – Early adoption opportunity by staking ETH and earning Renzo points.
8. B² Network – Providing scalability solutions for Bitcoin.
9. Ready to Fight – Social boxing app featuring a task-oriented airdrop initiative.
10. Basic Attention Token – Acquire free BAT tokens by simply browsing the web.

Best crypto airdrops of 2024: Comprehensive reviews

1. CEX.io – Well-known cryptocurrency exchange providing over 40,000 USDT worth of airdropped coins

CEX.io stands out as a favored crypto exchange, boasting support for over 100 cryptocurrencies on its spot trading platform. Noteworthy for its trading contests and robust security measures, CEX.io presents one of the top airdrop opportunities in 2024.

Presently, CEX.io hosts a lucrative airdrop initiative exceeding 40,000 USDT in value. The rewards are distributed weekly, monthly, and annually, with top traders receiving 100, 500, and 2,500 USDT, respectively.

Participating users need only select a preferred nickname, input it on the Promo page, and commence trading via the platform's Spot Trading feature.

2. 99Bitcoins - Prominent crypto YouTuber offering $9,999 in BTC Giveaway

One of the top airdrops this month originates from 99Bitcoins, a renowned YouTube channel boasting over 700k subscribers. Originating as a platform for blockchain insights, it has evolved into news-style reports, providing updates on market trends. The channel's straightforward approach and distinctive explainer videos have garnered widespread acclaim. Recently, its coverage of crypto presales and market developments has further resonated with the audience. However, the primary draw for joining 99Bitcoins currently is its $9999 BTC Giveaway.

3. Smog - Fresh meme coin on Solana network with significant growth potential

Smog represents a novel multi-chain meme coin endeavor with substantial growth prospects. Unlike prevalent meme coins, which rely on the Ethereum blockchain, Smog operates on Solana. This offers notable advantages in terms of efficiency, making it an exceptional crypto airdrop choice due to its low fees and superior scalability.

Smog recently concluded its fair launch initiative, offering early investors advantageous pricing. Shortly after its launch, Smog reached an all-time high of $0.3642, as reported by CoinMarketCap.

You can acquire complimentary $SMOG tokens by fulfilling simple tasks, each rewarding a set number of XP points. Participants with the highest XP points at the campaign's conclusion will receive $SMOG tokens through an airdrop. Basic airdrop tasks include following Smog on various platforms and joining its Telegram and Discord communities.

Additionally, there are daily tasks such as interacting with Binance tweets and engaging with Smog's round-the-clock updates. Apart from being a meme coin with significant growth potential, Smog offers staking rewards with an APY of 42%. Those interested can delve deeper by exploring the Smog litepaper.

4. Bluefin – Fresh decentralized trading platform developed on the Sui network

Bluefin stands out as a leading day trading platform within the Sui network, offering decentralized trading options for both crypto spot and cross-margin markets. Users can seamlessly engage in trading activities without the need for traditional accounts – simply connect a wallet to get started. Notably efficient, Bluefin boasts a capacity to process up to 5,400 transactions per second.

Moreover, Bluefin presents one of the premier airdrops for 2024, granting its native cryptocurrency token at no cost. This initiative aims to raise awareness about Bluefin's trading platform and foster the expansion of its community. To partake, individuals must initially visit the DappRadar website and select their preferred wallet.

5. INIT Capital – Earn free INIT tokens by lending or borrowing crypto assets

INIT Capital is a decentralized finance (DeFi) platform that operates without custodial services. It utilizes 'Liquidity Hooks,' enabling third-party developers to access real-time liquidity through smart contracts. Alongside lending pools and borrowing agreements, INIT Capital offers users the opportunity to engage by simply connecting their wallets.

Additionally, INIT Capital is hosting one of the premier crypto airdrops for 2024. Users earn 1 INIT point for every $100 lent and 5 INIT points for every $100 borrowed on the platform. These INIT points can later be converted into free INIT tokens once INIT is released to the public.

Users can also earn 10% of the points accumulated from depositing and borrowing activities (excluding the Hook part) by referring friends to join the INIT Point system.

INIT Capital provides competitive APYs to lenders, with rates such as 6.32% on USD Coin and 17.28% on Tether. However, APRs are also notably high, hence the offer of 5 INIT points for every $100 borrowed.

6. Mode - Massive airdrop of 550 million tokens and rewards for token bridging

Mode, a recently introduced layer 2 network designed for Ethereum and ERC-20 tokens, presents one of the most enticing crypto airdrops available today. Utilizing the Optimism Stack, Mode streamlines swift and economical token exchanges, alongside providing a comprehensive money market feature enabling users to accrue competitive APYs on dormant tokens.

With an allocation of 550 million MODE tokens for its airdrop initiative, Mode aims for widespread adoption, intending for the airdropped tokens to aid in expanding its outreach. Among these, 400 million tokens are earmarked for the points airdrop.

To join, individuals need to link their X account initially. Subsequently, they can integrate their cryptocurrency wallet and commence bridging tokens like ETH or WBTC. This action transfers the tokens from Ethereum to the Mode network, earning points proportional to the bridged amount. Upon the token launch, these points can be traded for MODE. No personal data is required; points are automatically allocated to the user's wallet.

7. Renzo - Embrace early adoption with ETH staking and Renzo points

Renzo introduces an innovative DeFi ecosystem featuring "restaking" functionalities. Users begin by staking ETH, enabling them to acquire Renzo points. As a reward, Renzo provides the user's wallet with ezETH, a token native to Renzo and pegged to ETH. This arrangement ensures liquidity, even if Ethereum is locked. Renzo's upcoming airdrops offer additional Renzo points for every ETH staked.

Renzo points can be exchanged for airdropped crypto tokens. Stay tuned to Renzo's social media channels for updates on its token launch. Despite being a new venture, Renzo has already seen over $270 million worth of ETH staked, offering early adopters attractive APYs of 3.49%. Further enhancements are expected later in 2024, including DeFi integration with platforms like Curve, Uniswap, Pendle, and Balancer.

8. 8. B² Network – Providing Bitcoin scalability solutions. 5% of the total token supply will be distributed via airdrop

The B² Network is a pioneering blockchain initiative aimed at enhancing Bitcoin's efficiency. Through zero-knowledge proof verification, it ensures quicker and more economical transactions, while also boosting scalability and privacy without compromising Bitcoin's fundamental security structure. Additionally, the B² Network offers a bridging tool to facilitate cross-functionality within its ecosystem, empowering users to generate mining rewards through rigs within the network.

The B² Network is gearing up for upcoming crypto airdrop campaigns aimed at expanding its user and developer base. To take part, users must initially follow B² Network on its social media channels and link a wallet to the B² Network dashboard. Following this, users are required to deposit an approved cryptocurrency, such as BTC, USDC, USDT, ETH, or MATIC. By depositing and staking cryptocurrency, users can earn interest. The extent of participation determines the amount of airdropped crypto tokens earned, with 5% of the total supply being distributed in the airdrop.

9. Ready to Fight – Social boxing application providing a task-oriented airdrop

Ready to Fight is a global social platform catering to boxers and endorsed by Oleksandr Usyk, the reigning IBF, WBA, and WBO Heavyweight boxing champion. Users begin by creating a profile specifying their weight category, location, and skill level. The app then assists in locating sparring partners nearby and helps users discover commercial opportunities, regardless of their location. With overwhelmingly positive reviews from current users, Ready to Fight boasts a rating of 4.7/5 on Google Play from over 6,000 reviews, and a similar rating on the App Store from over 1,300 reviews.

Ready to Fight introduces its native reward token, RTF, with an airdrop program offering $150,000 worth of RTF tokens. Participants stand a chance to win one of 5,000 individual prizes, ranging from $10 to $5,000. To join, simply download the Ready to Fight app, create a new wallet, and start completing tasks. Additionally, inviting friends to join the platform can earn you even more tokens.

10. Basic Attention Token - Acquire BAT tokens at no cost just by surfing the internet

While Basic Attention Token (BAT) has been established since 2017, it still offers one of the most convenient crypto airdrops available. By downloading the Brave web browser, which is affiliated with Basic Attention Token, users can effortlessly participate. With over 67 million monthly active users, the Brave browser community is substantial. Upon activation, users automatically earn BAT tokens by viewing ads that align with their interests. These ad rewards are sponsored by the advertisers themselves, ensuring a streamlined and efficient use of marketing funds.

The Brave browser further benefits content creators by eliminating intermediaries, allowing them to retain a higher portion of ad revenues. Additionally, Brave features a self-custody wallet integration. Basic Attention Token stands out as an excellent choice for liquidity-focused crypto airdrops, given its substantial market capitalization of nearly $535 million, ensuring ease of token sale on various exchanges.

Why do airdrop campaigns Giveaway free crypto?

Airdrop campaigns serve as potent marketing tools for emerging crypto ventures. Given the vast array of cryptocurrencies in existence, airdrops enable new entrants to differentiate themselves effectively. Who wouldn't be enticed by the prospect of acquiring crypto tokens without any financial risk?

Although airdrops necessitate the distribution of complimentary tokens, the promotional exposure they generate often outweighs the associated expenses. Additionally, the tokens dispensed during airdrops are typically native to the project, minimizing the costs for startups seeking to initiate free token distributions.

Notably, established projects also leverage airdrop strategies. For instance, Basic Attention Token, launched in 2017, continues to conduct well-received airdrops. Similarly, CEX.io, operational since 2013, periodically hosts airdrop events.

Types of crypto airdrops

There are various categories of crypto airdrops, including:

• Task-based airdrops: These airdrops typically involve completing tasks like following a crypto project on social media platforms. Participants earn points for each task completed, with those accumulating the most points receiving free crypto tokens. Alternatively, some airdrops use a ticket-based system, where completing tasks earns entries for a random draw to receive airdropped tokens.
• Presale investments: Many presales incorporate airdrop components. Investors participating in presales, such as the Smog presale, may receive airdrop points, with additional points awarded for completing tasks.
• Token holder airdrops: Certain airdrops are distributed exclusively to token holders. For instance, in 2017, Bitcoin Cash airdropped BCH tokens to Bitcoin holders at a 1:1 ratio.
• Early adopter rewards: Some airdrops reward early adopters who engage with new products or services. This often entails a financial commitment, such as bridging tokens like BTC or ETH to the Mode network to receive free airdropped tokens.
• Exchange airdrops: Established crypto exchanges may offer airdrops to their users. For example, CEX.io is providing $5,000 worth of airdropped BTC, ETH, or DOGE tokens. One of the conditions may involve downloading the exchange's app and executing a minimum trade of $25.

Receiving a crypto airdrop

Whether or not you receive airdropped tokens depends on the specific campaign. 

For example, as mentioned earlier, some of the top crypto airdrops involve completing tasks for points or tickets. However, not all participants will be successful, as seen in the Wormhole airdrop campaign.

Similarly, eligibility for an airdrop may require holding a specific token on a certain date. If you successfully earn free crypto tokens, they will be transferred to your private wallet.

From there, you have the option to hold onto your crypto tokens for the long term, hoping for an increase in value. Alternatively, if the tokens are already trading on exchanges, you can choose to cash out immediately.

How can one acquire forthcoming crypto airdrops?

Here's a guide on how to participate in a crypto airdrop online, using Smog as an example. The process is similar for other airdrop campaigns:

• Sign up with Zealy: Begin by registering with Zealy, the platform managing Smog's airdrop campaign. You can sign up using WalletConnect, Discord, or your email address. Ensure you have a compatible wallet ready to receive the airdropped tokens. MetaMask is a well-regarded wallet for airdrops.
• Complete onboarding tasks: Each task awards 10 XP. These tasks include following the Smog X page, joining its Telegram, joining its Discord, and answering a project-related question. These tasks are quick and shouldn't take more than a few minutes.
• Purchase and hold $SMOG (optional): You have the option to earn XP by buying $SMOG tokens from a decentralized exchange like Raydium, Orca, or Jupiter. The XP earned depends on the purchase amount, and additional XP is awarded for holding the tokens for at least 14 days.
• Complete daily tasks: Daily tasks allow you to earn extra XP. For instance, inviting a friend to the Smog airdrop awards 15 XP, provided they complete a task. You can also earn 50 XP by upvoting Smog on Birdeye and 5 XP for visiting the Smog page on CoinMarketCap.
• Monitor the airdrop leaderboard: Keep track of the leaderboard to see how many XP points are needed to secure a top position. Once the airdrop campaign concludes, successful participants will receive their $SMOG tokens.

In conclusion, participating in upcoming crypto airdrops can potentially boost investors' portfolios and contribute to project development while fostering community involvement. However, it's crucial to conduct thorough research and exercise caution, even with the most promising airdrop opportunities.