Crypto airdrops are a fairly common occurrence now, so what are some upcoming 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.
We've compiled a list of some of the upcoming airdrops to be aware of in the future.
New Crypto Airdrops 2021
On August 2, the HALO Network launched its latest round of airdrops, distributing up to 3,000,000 HOR up until August 20. According to the Google Form, users can receive "HOR airdrop rewards worth up to $10."
If you're a fan of memecoins such as Dogecoin, Baby Doge Coin, or Shiba Inu Coin, a 20 billion Corgidoge airdrop worth over a combined $11,000 (based on current prices) will begin via CoinMarketCap on August 8.
Elsewhere, Airdrop King users have given the KeplerSwap airdrop - in which users can earn up to $80 in SDS - high ratings. Airdrop Village has also evaluated the airdrop, finding it meets all of its terms for a reputable airdrop.
Later this month on August 20, Minter Network will airdrop a total of 1,000,000 BIPX to liquidity providers of the BIPX-USDT pool. BIP is worth $0.003469 at the time of writing, making this airdrop worth around $3469 in total. This is currently the most popular upcoming airdrop based on CoinMarketCal's listings.
What Is A Crypto Airdrop?
Cryptocurrency airdrops are mainly a marketing tool used by new cryptocurrencies or networks to further increase their userbase and the general interest around the project.
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 rewards 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.
[Featured Photo by Thought Catalog on Unsplash]