3 fresh airdrops to farm in July

Airdrops are a way for crypto projects to distribute their tokens to users, often as a reward for holding specific tokens or participating in a project's ecosystem.

Today, we have profiled three promising airdrop opportunities for you to start farming.

Wanna know more?

Let's dive in

TDLR

• For the first project on our radar, its season 2 airdrop is set to happen on January 31st, 2025. The time to position for that airdrop is now.
• The second project is a new entertainment-focused blockchain ecosystem built as a modular rollup leveraging zkSync's technology. 
• If you love DeFi in general and restaking in particular, this third airdrop opportunity is right up your alley. The project is a permissionless restaking platform that bootstraps powerful, fully sovereign ecosystems.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results. 

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Jupiter - Season 2

Jupiter hardly needs any introduction. We first covered it last year, and it has cemented its position in the market over the previous year. Jupiter, a decentralised exchange (DEX) aggregator on the Solana blockchain, has planned a series of airdrops of its governance token, JUP, for the next few years. 

The airdrops are scheduled to occur annually on January 31st, with the first airdrop occurring in January 2024. Many of our users were eligible for the first airdrop and have received 4-5 figures worth of airdrops.

Jupiter's airdrop initiative is designed to distribute a significant portion of the JUP token supply to its users. 40% of the total supply is allocated for these airdrops. Every year, 10% of the supply will be distributed to eligible users.

So here is an action plan on how to qualify for season 2 of the airdrop.

Action plan

1. Go to Jupiter
2. Make swaps and use limit orders. Use DCA and Value Average features occasionally as well.
3. Using Jupiter Perps will potentially be a bonus. Therefore, trade on perps or provide liquidity.
4. Stake some JUP and vote on proposals (try at least 60 JUP).
5. Attend Jupiter calls and collect NFTs (Follow their Twitter for upcoming calls).
6. Have some Jupiter-backed WEN memecoin. You can swap to WEN on Jupiter itself.

Here is a step-by-step tutorial:

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Sophon

Sophon is an entertainment-focused blockchain ecosystem built as a modular rollup leveraging zkSync's technology. 

It has recently gained attention in the crypto community for its innovative approach to blockchain technology. 

Sophon aims to create a decentralised and efficient environment for developers and users in the entertainment industry.

One of Sophon's key features is its use of zkSync's ZK Stack technology, designed to be the most future-proof Ethereum Layer 2 (L2) solution. 

This technology allows Sophon to offer fast and secure transactions while maintaining a high level of decentralisation.

Sophon has also announced a liquidity farming period, during which it will dedicate 10% of its total $SOPH supply to reward users who participate in the farming pools. This initiative is designed to attract many users and encourage participation in the Sophon ecosystem.

In addition to its focus on entertainment, Sophon has also made headlines for its node sale, which raised over $60 million. Node sales are a type of fundraising method that allows investors to purchase nodes on a blockchain network, and in return, they receive a share of the network's token emissions.

The Sophon network is scheduled to launch in Q3 of 2024. The airdrop earned through this initial farming period will be distributed to eligible participants after the network's launch, with a set vesting period. 

Action plan

1. Go to Farm Sophon and connect your wallet
2. Create your username and connect your X account
3. Deposit BEAM, BEAM/ETH LP, Zentry, Etherfi and Lido to SP points
4. The amount of SP earned depends on the duration of the stake, activated boosters, and the size of the deposits made.
5. Happy farming!

Here is a step-by-step tutorial:

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Symbiotic

The Symbiotic protocol is a permissionless restaking platform that allows users to restake their assets and earn rewards. It is designed to be modular, scalable, and capital-efficient, enabling centralised networks to bootstrap powerful, fully sovereign ecosystems.

The platform supports a wide range of assets, including ERC-20 tokens, and allows users to restake their assets to earn rewards. The protocol is permissionless, meaning anyone can participate in the network and contribute to its security.

Symbiotic aims to provide a flexible and efficient ecosystem of decentralised networks, enabling them to source operators and scale economic security for their networks. 

Overall, Symbiotic is a promising project in the restaking space. It offers a unique approach to shared security decentralised network bootstrapping.

Action plan

1. Go to Symbiotic
2. Restake your ETH or ENA in one of the vaults.
3. Happy farming!

Here is a step-by-step tutorial:

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Cryptonary' take

We have already received decent allocations from farming LayerZero, zkSynch, Drift, Jupiter, and EigenLayer.

Sometimes, users win big with airdrops; in many cases, the reward is relatively modest. Irrespective of whether you get three-digit or six-figure worth of airdrops, they remain one of the lowest-risk, highest-reward opportunities in crypto.

Today, we presented three attractive airdrops to farm during the summer.

The time to start is now. 

Cryptonary, OUT