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Airdrops: 5 projects not to be missed 🪂

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Thursday, July 7, 2022

Several big crypto projects could soon be giving away free tokens to users. We explain how it works and how you can benefit.

It's not easy to invest in this period of decline... While bitcoin and other cryptos have fallen sharply, one of the tips for positioning yourself without losing too many feathers may still be to seek out "aidrops", these operations in which emerging projects give tokens away for free to users to support their development.

We have selected five projects that caught our eye and that could make use of them in the coming weeks or months. Here are the best ideas and practices for accessing them.

But before discovering our selection, we'd like to take a look back at the philosophy behind airdrops, how they work, as well as their benefits for projects and users.

Airdrops are widely used by crypto projects because they help attract their first users and federate a community around them. This is the lifeblood of crypto. Many projects have broken their teeth on this point. "A token is not always essential to make a protocol work, like Ethereum's Layer 2 (L2) for example, which could have kept the ether (ETH) as a token, but we've seen that it's difficult to build a community without a token," points out Jimmy Ragosa, advisor to the Sismo project. For example, L2 Optimism launched its OP token at the beginning of June.

For projects, using an airdrop is also a way of accelerating the decentralisation of their governance. Each token represents a right to vote on future decisions, giving the community the power to influence.

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This analysis is not investment advice. It has been prepared without taking into account your personal situation, particularly your financial situation, risk profile, and investment objectives.

Before investing in any product, investors should fully understand the risks involved and consult their own legal, tax, financial, and accounting advisors.

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