Crypto Airdrops 2023: New And Upcoming Airdrops To Look Out For

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Crypto airdrops are a fairly common occurrence now, so what are some new crypto airdrops for you to keep an eye on?

Given the number of new cryptocurrencies releasing every week, it's hard to keep track of every recent development in the crypto-world, including tracking airdrops.

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We've compiled a list of some of the upcoming airdrops to be aware of in the future.

New Crypto Airdrops 2023

  • Blur NFT marketplace will be launching in 2023. If you have NFTs in a web3 wallet, you can participate in the Blur airdrop by visiting the official website.
  • The Cosmos ecosystem adores airdrops. At least 3 highly anticipated airdrops are due for the Cosmos ecosystem. Beginning with Defund, a decentralised blockchain for multi-chain ETFs, a snapshot for those who will be eligible for the DeFund tokens airdrop will take place in the future. The airdrop will be eligible for $OSMO, $ATOM and $AKT stakers.

    Sei Network, a new layer 1 blockchain, has yet to announce its snapshot date but the event will be eligible to $ATOM stakers.
  • Read more: Cake Defi Bitcoin lesson answers: How to earn BTC on Cake Defi

What Is A Crypto Airdrop?

Cryptocurrency airdrops are mainly a marketing tool used by new cryptocurrencies or networks to further increase their user base and the general interest around the project.

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Similar to other giveaways, they often require users to complete small tasks, such as following their social media channels or sharing the airdrop with their friends.

Other airdrops reward current holders, distributing additional coins to those contributing towards the network, for example.

As explained in this Hackernoon article, it is important to do your due diligence before signing up for any airdrops and make sure you are not being scammed or targeted in a phishing scheme.

This includes searching for and reading through any documents the cryptocurrency may have on its website, such as the whitepaper, to verify it is a long-term project with goals rather than a quick tool for developers to make money.