What is the next upcoming airdrop project?

Airdrops are one of the most profitable activities in cryptocurrencies, and some people have made tens of thousands of dollars simply by interacting with certain dApps. As a result, DeFi users are always looking for the next project to complete an airdrop.

For those coming from the world of traditional finance, the idea of ​​airdrops is puzzling because in the real world, projects giving away company stock have never happened. However, airdrops make sense for blockchain and Web3 projects for a number of reasons. First, they reward users who take a risk on a project and are early adopters of their technology. They also incentivize users to take a piece of the future success of the platform, which is especially important in the blockchain world because there may not be a centralized team responsible for moving the platform forward. Finally, they successfully distribute tokens to a large number of entities and prevent projects from looking like centralized applications instead of truly decentralized applications. In the traditional financial world, airdrops are similar to Facebook giving away free stock to their first users as a “thank you” for using their platform and incentivizing those users to get their friends to sign up.

The most notable airdrops in the cryptocurrency space so far have been Uniswap and Ethereum Name Service, which saw users of both platforms receive tens of thousands of dollars in UNI and ENS, respectively. If there was some way to determine which projects would complete an airdrop next, investors could earn huge returns without risking their funds, essentially making money for free. Let’s take a look at some of these projects and why they are likely to airdrop tokens.

The first project is MetaMask, the Ethereum wallet browser extension. Almost everyone who has used Ethereum and interacted with smart contracts has likely used MetaMask, but few people know that they also have a built-in decentralized exchange. Swapping with this decentralized exchange on multiple blockchains (such as Binance Smart Chain, Ethereum, and Polygon) will be a great way to demonstrate interaction with MetaMask and may qualify users for airdrops. As competition in the web3 wallet space becomes more intense and wallets such as Brave Wallet and Coinbase Wallet gain more adoption, MetaMask may have to release its own token to stay competitive in this changing environment. Founder Joseph Lubin has hinted at the MASK token, but it is far from confirmed and any release timeline is purely speculation at this point.

Two other projects that may be airdropping tokens are Optimism and Arbitrum. These are layer 2 scaling solutions built for Ethereum that utilize Rollup technology to create a low-fee, high-performance environment for transactions and help solve Ethereum's scaling issues while retaining all the security advantages of the Ethereum blockchain. Currently, these layer 2 fees are paid in ETH. While this makes sense from a user perspective, it does not from a business perspective, and many are wondering how Arbitrum and Optimism plan to make money. One possibility is that they release their own tokens that will be used to pay for future fees. If this happens, current users of these platforms will likely receive some of these tokens as a thank you for being early adopters. The best way to do this is to use one of the existing bridges to connect ETH to Optimism or Abritrum. With gas fees currently high, this could be an expensive process. But with the potential to earn thousands of dollars in airdrops, it could be worth it.

The last project that could release its own token and airdrop it to users is OpenSea, the world's largest NFT marketplace. Recently, there were rumors that OpenSea was planning an initial public offering (IPO), which made the platform's users very angry because it meant that there would be no airdrops. Competing platforms such as Rarible and SuperRare have already launched their own tokens. Another possibility is that they release the token at the IPO, but this would reduce the value of the token compared to the model of only issuing tokens. In any case, any buying and selling on OpenSea may be a way to ensure that users are eligible for airdrops.

While there are no guarantees about which projects will airdrop, and how much they will be worth, these activities have low risk and huge potential rewards. In the worst case, users have made one or two trades on MetaMask, or bridged to Arbitrum and Optimism, or bought an NFT, but have not received thousands of dollars worth of tokens. In the best case, they have earned over $10,000, or even more, for minimal effort activities, which can help to increase their portfolio during any upcoming market downturns.