Unleashing the Potential of Solana Airdrops for Tokenless Projects
Solana, a high-performance blockchain, has become a hotbed for innovative projects and Solana Airdrops, providing users with unique opportunities to earn tokens.
Solana Airdrops
In this guide, I’ll explore step-by-step instructions on how to participate in the mentioned airdrops on the Solana blockchain.
Disclaimer: Before diving into any airdrop, it’s crucial to exercise caution and conduct thorough research. Be wary of phishing links, read agreements carefully, and consider using security tools like the JoinFire extension for added safety.
Step 1: Set Up a Solana Wallet for Solana Airdrops
If you don’t already have a Solana wallet, you’ll need one to participate in these airdrops. One of the most widely used wallets is Phantom, which not only supports Solana but also Ethereum and Polygon. Install the wallet of your choice and secure your private keys.
Step 2: Solana Airdrops Projects
Review the list of tokenless projects mentioned in the thread and choose the ones you find interesting. Understand the purpose of each project and what actions are required to participate in their airdrops.
1. Phoenix
It’s a DEX on Solana that supports spot assets. Phoenix is LIVE! Start trading on Solana’s fully on-chain limit order book today. A new global stats page showing data across all markets has been deployed.
✧ What should you do?
• Engage in some spot trades.
• Pay attention to volume and intervals.
✰ Latest Alpha:
– They recently listed $PYTH and $JTO and also launched their mobile UI.
2. Exotic Markets
A powerhouse in options and derivatives infrastructure on Solana and Injective, backed by Multicoin Capital, Solana Ventures, Animoca Brands, MGNR, etc.
✧ What should you do?
• Try out the single products.
• Vaults.
✰ Latest Alpha:
– Token launch expected in 2024.
– Presently conducting a testnet campaign on Injective.
3. Phantom
It stands as the most widely used Solana wallet. It was primarily designed for Solana, but recently they included chains such as Ethereum and Polygon. To date, they have secured nearly $118M in funding with a valuation of $1.2B.
✧ What should you do?
• Swaps on Solana.
• Explore cross-chain asset swaps.
✰ Latest Alpha:
– Recently introduced their cross-chain swap/bridge.
– A token was previously confirmed as part of the decentralization phase.
4. Hyperspace
It’s an NFT marketplace on Solana. The product is also live on Avalanche and SUI.
✧ What should you do?
• Buy/Sell NFTs
• Participate in the reward campaigns
✰ Latest Alpha:
– Currently, Season 2 of their reward campaign is live on Avalanche.
5. Zeta Markets
It’s a decentralized derivative DEX on the Solana chain. The project is backed by Jump Capital, Electric Capital, Wintermute, Solana, MGNR, QCP Capital, Air Tree, etc.
✧ What should you do?
• Trade perpetual.
• Increase your Zeta score.
✰ Latest Alpha:
– Token expected to launch soon.
– They recently listed $TIA perpetual using which you can earn 2x Zeta score.
6. Marginfi
Marginfi is a lending protocol on Solana with access to leverage and capital efficiency. They raised $3M in a recent funding round with investors such as Multicoin Capital, Pantera Capital, etc.
✧ What should you do?
• Lending, staking, swap, bridge.
• Try to collect points.
✰ Latest Alpha:
– You can collect MRGN points by lending, borrowing, and referrals.
7. Elusiv
It’s a privacy protocol for Solana that uses zero-knowledge cryptography. The project is backed by Solana Foundation, Big Brains Holding, Jump Capital, and NGC ventures.
✧ What should you do?
• Send private transactions.
• Try out the swap feature.
✰ Latest Alpha:
– Token and airdrop expected soon.
8. Tensor
It’s an NFT marketplace on Solana backed by PlaceHolder ventures and one of the Solana co-founders.
✧ What should you do?
• Buy/Sell NFTs.
✰ Latest Alpha:
– You can earn reward points.
9. Kamino
It’s a lending protocol on Solana with 2 core primitives: Automated liquidity vaults and Kamino Lend.
✧ What should you do?
• Borrow/Lend
• Provide Liquidity
• Try out Multiply, Long/ Short (In Beta)
✰ Latest Alpha:
– They will be launching their point system soon, which might lead to the airdrop.
10. SolBlaze
Stake Solana to support the ecosystem. Simple Liquid Staking. DAO Treasury & Airdrops. Secure and non-custodial.
✧ What should you do?
• Staking
• Defi
• Treasury
✰ Latest Alpha:
– BLZE will be periodically airdropped to your wallet. Your BLZE rewards are calculated based on your SolBlaze Score, so make sure to maximize this score to increase your rewards!
11. Marinade Finance
Marinade is a stake automation platform that monitors all Solana validators and delegates to a single 100+ best-performing ones.
✧ What should you do?
• Stake
• Provide Liquidity
✰ Latest Alpha:
– Automate your SOL staking with Marinade, and let others know. Unlike liquidity mining, there is a fixed ratio of SOL-to-MNDE rewards for everyone.
12. SNS ID
The Solana Name Service. Get your .sol domain that can be used to represent you in the metaverse. A way to represent yourself uniquely, other than your SOL address.
✧ What should you do?
• Get your web3 ID on the Solana chain.
• Buy or Sell SOL ID.
✰ Latest Alpha:
– Quickly send and receive funds to a human-readable address, with rewards for everyone.
13. DRiP
Earn limited edition art, music, videos, comics, games, and more. Build the world’s greatest collection while supporting creative pursuits.
✧ What should you do?
• Use Invite Code: CuSJLeST
• Collect DRiP points “Droplets”
• Participate in NFT distribution
✰ Latest Alpha:
– Get free collectibles from top Solana artists every week.
Conclusion
Participating in Solana airdrops can be a rewarding experience, but it requires diligence and careful consideration. By following these steps and staying actively involved in the Solana community, you increase your chances of discovering the next promising project and earning valuable tokens. Remember, always conduct your research and prioritize security to make the most of these opportunities. Good luck!
