Now that we’re all poor again, instead of revenge trading and trying to catch the generational bottom, your time will be better spent planting seeds and waiting out the storm.
While trading memecoins and participating in DeFi ponzis can be your lucky ticket out of three-figure hell, airdrops remain one of the best ways to achieve a lucrative return with relatively low capital requirements and a bit of luck on your side.
However, airdrop farming can be a time-consuming and lengthy process, so it's key to choose the right protocol to dedicate your precious time and effort to.
When sifting through the soil, we concentrate on a few key factors. These do not all have to be true, and in most cases, they aren’t, but they certainly help us in our selection process:
- Known % of supply to be airdropped
- The project has secured funding
- The project is falling under most people’s radar or it’s very unique
- A tentative airdrop date is known
- Points are awarded based on volume and activity rather than on who has the highest amount of capital
With that out of the way, let’s begin with a popular project that’s been on everyone’s radar but could turn out to be a juicy drop nonetheless.
Kaito.ai yaps
Kaito AI has become the go-to place for gauging sentiment across different projects and sectors within crypto.
Lately, the project has leaned into the SocialFi sector with the introduction of the Yapper Leaderboard, where Kaito tracks and rewards users with ‘'yaps’’ for sharing crypto-related content.
Yaps can be earned with high-quality and relevant participation in crypto discussions:
- Crypto relevance
- Real, reputation-weighted engagement.
- Insightful, original & focused discussions (quality > quantity)
- Yap points are NOT designed to be easy to earn or solely based on volume - which would be very easily gamed
While on the surface, this may seem like a game reserved for the CT elites, there are ways how we plebs can also participate and earn those precious yaps.
For smaller accounts, an effective strategy is to engage as a reply guy with well-known accounts or influential figures.
The best approach is to find a particular ecosystem or project you’re most aligned with and find key people within that clique/niche. Then, reply with an engaging or funny post that stands out in the crowd. And remember, consistency is key.
Here is a great thread on this strategy:
https://x.com/0xZertakk/status/1884273365852225882
Kaito is a well-known project with significant traction and innovative ideas. It could mirror Hyperliquid, which, despite being seen as 'overfarmed,' became a major wealth creation event for everyone.
https://x.com/alpha_pls/status/1880220656735760850
Avantis
TL;DR: Avantis facilitates the trading of numerous asset classes, including crypto, RWAs like Gold and Silver, and even Forex asset pairs. To get up to speed, we suggest you read our Complete Guide.
The first season wrapped up in December last year and lasted about six months. The second season premiered shortly thereafter.
For traders, earning XP is as simple as it gets: earn XP points based on trading volume.
However, LPs can lock up their capital for up to six months. The longer they lock up $USDC, the higher the multiplier on their XP.
It’s crucial to understand that trading XP differs from LP XP. The team has repeatedly mentioned that each type will yield different rewards. We recommend participating in both.
So wen TGE? The team has confirmed that the second season will be shorter than the first one, meaning we can expect a token by June at the latest.
Since there are fewer than 8,000 traders and 21,000 LPs, and the only benefit for participants in the first season is a 1.25x multiplier for trading and LPing, you’re not late to the party anon.
Although exact figures about the allocation are unclear, the team has repeatedly recognized the success of Hyperliquid’s token launch, indicating their plan to employ a similar approach.
DESK (prev. HMX)
TL;DR: HMX has been battle-tested for over a year and has executed more than $50 billion in trading volume.
During this period, HMX has consistently ranked as one of the top-10 derivatives exchanges in crypto across metrics such as volume and revenue. And yes, in true blocmates fashion, we’ve done a complete guide on this beaut as well.
Why add this project? Because 38% of the total supply is allocated for the airdrop.
There are primarily two ways how You’ll be able to participate in this airdrop campaign. First, of course, is simply trading on the DESK platform, which is expected to go live in February.
The team has indicated that this group will receive the largest portion of the airdrop, although no concrete numbers are yet known.
The second option perfectly suits the more passive investor. Simply acquire $HMX tokens and stake them. The longer you stake, the more Dragon Points you'll accumulate. This group will get 25% of the designated airdrop amount.
Rest assured, your $HMX tokens will be converted to the new token proportionally after the TGE takes place.
Full details regarding the new tokenomics, airdrop allocation, and more can be found here.
Superseed points
Finally, we have Superseed. Its unique CDP protocol, coupled with a community-first approach, distinguishes it from traditional general-purpose L2s.
Why farm it? Along with a 15% token allocation for the chain’s participants, Superseed, part of the Superchain collective, qualifies for future Superchain rewards.
The exact timeline for these rewards is unclear, but the chain is anticipated to launch in February, so be prepared to seed your dry powder on Superseed.
And if you heeded our advice and took part in the Supersale, you’re in for something special, my friend.
Conclusion
In the introduction, we highlighted several tips for evaluating which airdrops to farm.
Similar to most projects, including those discussed here, it’s unlikely to find one that fulfills all those criteria.
The projects we've selected are ones I genuinely believe will succeed, regardless of the airdrop’s outcome.
Although the allocation numbers and conditions for each are certainly favorable, nothing in this world is guaranteed; however, one thing is clear—luck favors those who keep clicking.
