Top 3 Crypto Airdrops of August 2023: Earn Free Tokens and Explore New Projects
Cryptocurrency enthusiasts and investors are always on the lookout for opportunities to earn free tokens and explore exciting new projects. Crypto airdrops have become a popular method for blockchain projects to distribute free tokens to their community and generate buzz around their initiatives.
In this article, we’ll delve into the top 3 crypto airdrops of August 2023 that offer a chance to participate in the crypto revolution without spending a dime.
What are Crypto Airdrops?
Crypto airdrops are a marketing strategy used by blockchain projects to distribute free tokens to selected users. These airdrops serve various purposes, such as rewarding early adopters, attracting new users, and increasing the visibility of the project. Participating in a crypto airdrop often involves completing specific tasks or meeting certain requirements set by the project.
Once the requirements are met, participants receive the free tokens directly into their crypto wallets. These tokens can be held as an investment, used within the project’s ecosystem, or traded on crypto exchanges. It’s essential to be cautious and research the project’s legitimacy before participating in any airdrop.
Top 3 Best Crypto Airdrops in 2023
- CEX.IO: CEX.IO is the leading cryptocurrency ecosystem and trading platform to buy, sell, trade, hold, and earn cryptocurrencies. CEX.IO Exchange Plus is an advanced trading platform that offers Trade with stop orders, advanced charts, and deep liquidity.
Airdrop ends: 2023-08-06
Total value: 5,000 USDT
How to Participate in the Exchange Plus 5,000 USDT Airdrop:
- Opt-in for the Airdrop
- Sign up and verify your account
- Make at least one trade on Exchange Plus, worth no less than 10 USDT
- Retweet the official Twitter Airdrop announcement by adding “I’ve joined #crypto #CEXioAirdrop”
- Fill out this short form
2. RICHIE COIN
Perform daily social media tasks, and accumulate daily points called “XP” through Zealy platform. For each performed task you will receive a number of XP. The tasks are daily.
How to Earn:
- Visit the page: Richie Coin
- Connect your wallet
- Complete the quests to earn XPs.
- Follow them on Twitter and retweet the airdrop tweet.
- Join their Discord channel.
3. XBANK
xBank, a decentralized non-custodial liquidity market protocol, is launching its platform on zkSync Era, one of the leading ZK-rollup platforms. As part of their promotion, xBank will be conducting an airdrop of free XB tokens for users who deposit or borrow funds on their platform. To be eligible for the airdrop, users need to connect their zkSync wallet, deposit or borrow funds from the platform, and start earning esXB tokens. These esXB tokens will be converted to the governance token “XB” in the future and distributed based on the esXB holdings during a snapshot taken on September 30th, 2023.
Steps to follow:
- Visit xBank dashboard.
- Connect your zkSync wallet.
- You will need ETH or USDC on zkSync ERA.
- Then use the zkSync bridge to transfer it to zkSync ERA.
- Now go to the “Markets” section and deposit or borrow tokens.
- You will start earning esXB tokens.
- These tokens will be converted to their governance token “XB” in the future and will be distributed on a pro-rata basis based on the esXB held by users.
- A snapshot will be taken on September 30th, 2023 to determine the allocation.
- Also, complete the Zealy quests to increase your share of the airdrop.
- You could also become eligible for the zkSync speculative airdrop.
Precautions and Tips for Participating in Airdrops
While participating in crypto airdrops can be an exciting way to earn free tokens, it’s crucial to exercise caution and follow these precautions:
- Verify the Project: Research the project’s background, team members, and goals. Look for information on their official website and community channels to ensure its legitimacy.
- Beware of Scams: Be wary of airdrops that ask for personal information, especially sensitive details like private keys. Legitimate projects do not require such information.
- Use Official Channels: Participate in airdrops only through official channels and websites. Avoid clicking on unknown links or engaging with suspicious social media accounts.
- Follow Requirements: Carefully read and fulfill all the requirements set by the project to be eligible for the airdrop. Non-compliance may lead to disqualification.
- Use Secure Wallets: Store your earned tokens in secure wallets with private keys only accessible to you. Avoid sharing wallet details with others.
- Stay Informed: Join official communities and social media channels of the project to stay updated on airdrop announcements and project developments.
Related: Risks Involved in Crypto Airdrops
In conclusion, participating in crypto airdrops can be a rewarding experience, but it’s essential to stay informed and vigilant.
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