Overview
2023 is a harvest season. Not only is the entire crypto market recovering, but various project parties are also taking advantage of the bull market to airdrop rewards to their supporters. From the airdrop of Ethereum L2 Arbitrum, the airdrop of the modular public chain Celestia, the airdrop of Jito in the Solana ecosystem, the airdrop of the game L3 XAI, and the airdrop of the chain game Big Time, we can see that many sectors have opportunities to obtain airdrops.
As can be seen from the picture produced by @WAGAMEeth, there are many projects that have been confirmed to be airdropped in 2024. These are only the projects that have been confirmed to be airdropped in 2024. As the market picks up, more projects will be airdropped in 2024.
From this, we have sorted out some sections worth paying attention to and some of the projects to help readers catch the next big thing.
1. Solana Ecology
Solana ecology is undoubtedly one of the opportunities that attracts the most attention from the Lumao Party. We have written a research report on Solana before, explaining the explosion of Solana ecology and potential projects. We will not go into details here, but only some projects. Updates and additions.
For details of the research report, see:
Why Solana can be reborn from nirvana, and how can we participate? 》
Solana Ecological Interaction｜Marginfi Points and Cost Measurement
Marginfi
Marginfi launched a points system in July last year, but there has been no news of airdrops. We speculate that it should be the earliest airdrop among these projects.
Kamino
Kamino has officially started the points activity for the first season, tracing points from previous rounds, and updated the airdrop plan on the official website and Doc, and will conduct a genesis airdrop in April. Solana liquidity pool Meteora announced the launch of MET points tracking on January 31. If you choose a Pool with the Meteora symbol on Kamino to provide liquidity, you can get both points rewards at the same time;
Drift
Drift’s first season points ended on February 2. Officials stated that the points activity will only run for a maximum of three months. Users’ past transactions have been traced back to points, and there is a high probability that an airdrop will be carried out in April. It should be noted that retroactive points need to be distributed after the points activity ends;
Parcl
Parcls second season points activity is in progress. The points activity will last for three seasons. The official hints that airdrops will be carried out after the end of the season. Judging from the speed of one and a half months per season, the airdrop will probably be completed and started in the first half of the year;
Zeta Market
Zeta Markets second season points event started on January 10. The higher you rank on the profit rankings, the greater the points multiplier you get, which is very attractive to traders. Recently, Zeta launched the $JUP trading event, and you can get a triple multiplier by trading $JUP;
Magic Eden
Magic Eden launches a multi-chain wallet. Throughout February, users using the Magic Eden wallet can mint some NFTs for free in the wallet. In addition, users using the Magic Eden wallet can enjoy 1.25x Liquidium points on the Ordinal lending platform and increase their chances of receiving $MOON airdrops on Saturn.
2. Cosmos Ecology
In the Cosmos ecosystem, Celesita is undoubtedly the most eye-catching project this year. First, the currency price has been rising steadily, and $TIA pledgers have successively received airdrops such as $DYM and $ALT. Moreover, Cosmos ecological airdrops are relatively labor-saving. In addition to the possibility of obtaining airdrops, staking can also obtain generous staking rewards. Of course, we also need to pay attention to the risk of token decline and the opportunity cost during the lock-up period.
The picture shows the APY of staking 500 $ATOM. Data source: https://atomscan.com/tools/staking-calculator
Staking Token Recommendations
The main tokens worth staking are $ATOM, $TIA, $OSMO, and $INJ.
Let’s first talk about the reasons for choosing these tokens for staking:
1.$ATOM: $ATOM is the Cosmos Hub governance token and is usually the first stop for Cosmos airdrops.
2.$TIA: Celestia is a high-profile modular blockchain that provides DA (data availability) services for multiple other public chains, so $TIA stakers also indirectly contribute to these public chains. And the Celestia team cooperates with other projects to airdrop $TAI stakers as a marketing method.
3.$OSMO: Osmosis is the DeFi portal and liquidity center of Cosmos. Currently, Osmosis has received airdrops of $TAI and $SEI.
4.$INJ: The rise of $INJ last year was extremely exaggerated, and it increased more than 40 times from the lowest point to the highest point. However, the Injective ecosystem has just started. Some projects have just been confirmed for airdrops in Q1 and Q2 this year, and most projects have not yet determined the airdrop time. This is a good time to enter. Here are the projects that have confirmed airdrops for $INJ stakers: Black Panther, Talis Protocol.
Staking strategy
1. First you must have a Keplr wallet.
Download link:https://chromewebstore.google.com/detail/keplr/dmkamcknogkgcdfhhbddcghachkejeap?utm_source=ext_app_menu
2. Then we open Keplr’s staking dashboard and select the chain we want to stake the tokens on.
Pledge board link:https://wallet.keplr.app/?modal=staking&chain=cosmoshub-4&step_id=2
3. When selecting pledgers, it is best to choose pledgers other than twenty, as the fees they charge are cheaper. Also avoid choosing CEX validators, who are generally excluded from airdrops.
4. It is recommended that the pledge amount be at least around 100 U, because some protocols will filter out addresses with too low amounts.
3. Bitcoin Ecology
Last year, due to the popularity of Inscription, everyone began to pay attention to the development of the Bitcoin ecosystem. However, due to Bitcoins incomplete Turing and high gas costs, it cannot meet the development and use of the project, so the importance of Bitcoin L2 has become highlighted. . We have already introduced some Bitcoin L2 in previous research reports. Here we only introduce some interaction methods. Previous relevant research reports:Five questions to help you understand Bitcoin L2。
B² Network
B² Network is a BTC Rollup using zero-knowledge proof technology and compatible with EVM. There are currently two campaigns: Testnet Odyssey and Buzz deposit to earn points. It should be noted that Buzz deposits cannot be withdrawn until April, similar to the Blast mechanism.
For detailed tutorials, see:https://x.com/jianshubiji/status/1749355351361929597?s=20
Merlin Chain
Merlin Chain is L2 built on the native assets of the Bitcoin chain. It was founded by the BRC 420 team and is currently in the testnet stage (non-incentivized testnet). According to the official teams disclosure in Space, Merlin Chain will be launched on the mainnet as early as February, and a series of incentive activities will be launched at that time. On February 5, the Inscription Platform launched by Merlin Chains partner Particle Network opened the Launchpad for Merlin Chain tokens, and there will be other staking activities in the future.
Detailed interactive tutorial:Merlin Chain Introduction and Testnet Interactive Tutorial
BounceBit
BounceBit is a BTC pledge chain with a dual-token PoS mechanism built by Bounce Finance. The dual tokens supported by PoS are BTC and its native token. BounceBit provides the opportunity for staking returns on Bitcoin and its wrapped assets, activating Bitcoin assets.
Currently, BounceBits model is similar to Blast, which is also a model of depositing assets to obtain points.
Official website entrance:https://bouncebit.io/
Summarize
The above is all the content of this issue. There are many opportunities and you don’t need to do them all. Just allocate them according to your own time and assets. In the next issue, we will continue to sort out the airdrop opportunities in 2024 from the Sui ecology, Sei ecology, unissued currency public chain, re-staking, etc.
Disclaimer: All contents on this website may involve project risk matters and are for science and reference purposes only and do not constitute any investment advice. Please treat it rationally, establish a correct investment philosophy, and increase your awareness of risk prevention. It is recommended to comprehensively consider various relevant factors, including but not limited to personal purchasing purpose and risk tolerance, before interacting and holding. Copyright notice: The copyright of the quoted information belongs to the original media and author. Without the consent of Jian Shu J Club, other media, websites or individuals are not allowed to reprint the articles on this site. Jian Shu J Club reserves the right to pursue legal liability for the above-mentioned acts.
