Top 10 Crypto Airdrops to Watch in August 2024

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The world of cryptocurrency continues to evolve at a rapid pace, and crypto airdrops remain one of the most exciting ways for users to earn free tokens while engaging with innovative blockchain projects. In August 2024, the market sentiment is bullish, driven by growing adoption of decentralized finance (DeFi), advancements in layer-2 scaling solutions, and the integration of artificial intelligence (AI) into blockchain ecosystems. With the Crypto Fear & Greed Index sitting at 57—indicating "Greed"—investors and participants are actively seeking high-potential opportunities.

Airdrops not only reward early adopters but also incentivize community participation, decentralization, and ecosystem growth. This guide explores the top 10 crypto airdrops to watch this month, offering actionable steps to boost eligibility and maximize rewards.

Current Market Outlook: Why Airdrops Matter in 2024

The crypto market in August 2024 is marked by optimism and strong fundamentals. Key drivers include:

These factors have created fertile ground for new projects to launch and distribute tokens via airdrops. As scalability improves through layer-2 networks like Base, Linea, and zkSync, user activity is surging—making now an ideal time to participate in emerging ecosystems.

👉 Discover how top-tier platforms are rewarding early adopters with exclusive token drops.

The 10 Most Promising Crypto Airdrops in August 2024

1. HashKey (HSK)

HashKey Group, a leading digital asset financial services provider in Asia, is preparing to launch its native token HSK. With a total supply of 1 billion tokens, 65% is allocated to ecosystem development, including community rewards, fee discounts, and cross-platform collaborations.

How to Participate

Early engagement increases reward potential, especially as HashKey prepares for its official token launch.

2. Pontem Liquidswap (LSD)

Built on the Aptos blockchain, Pontem’s Liquidswap is the first automated market maker (AMM) on the network. The upcoming LSD token will serve as the governance and utility token, enabling staking, fee payments, and community decision-making.

How to Participate

Active users and early adopters receive the largest share, making past participation highly valuable.

3. Credbull (CBL)

Credbull is revolutionizing DeFi with the industry’s first licensed on-chain private credit fund. By bridging traditional finance (TradFi) and DeFi, it offers SMEs access to capital with blockchain-backed transparency and risk management.

How to Participate

Rewards will be distributed post-token generation event (TGE), which is expected later in 2024.

4. Base

Developed by Coinbase, Base is a secure, low-cost Ethereum Layer 2 designed to onboard millions of new users. While no token has been launched yet, speculation about a future Base airdrop is widespread.

How to Increase Eligibility

Early and consistent activity significantly boosts chances of being included in a potential drop.

👉 See which layer-2 networks are quietly building massive user bases ahead of token launches.

5. Linea

ConsenSys’ Linea is a zkEVM-based Ethereum Layer 2 that replicates the Ethereum environment with lower fees and faster transactions. A native token is expected to support governance, staking, and transaction fees.

How to Participate

Early testnet users and active mainnet participants are likely priority recipients.

6. Solayer

As Solana’s first restaking protocol, Solayer allows users to reuse staked SOL and liquid staking tokens (LSTs) across multiple applications—enhancing security and yield opportunities.

How to Participate

Meeting more eligibility criteria increases reward size.

7. SyncSwap (SYNC)

Built on zkSync Era, SyncSwap is a leading DeFi platform offering low-cost trading and liquidity provision. The upcoming SYNC token will power governance and utility within the ecosystem.

How to Participate

No official claim date yet, but early interaction is key.

8. Mantle Methamorphosis (COOK)

Mantle Network combines optimistic rollups with innovative data availability solutions. Its upcoming COOK token will govern the Mantle LSP (Liquid Staking Platform).

How to Participate

The campaign runs for 100 days, with TGE expected in mid-October 2024.

9. Movement Labs

Movement Labs brings the Move programming language to multiple blockchains, enhancing interoperability. Their “Study The Movement” campaign lets users earn points through testnet activities.

How to Participate

Points may determine eligibility for a future token airdrop.

10. Rho Markets

As the first native lending protocol on Scroll, Rho Markets supports overcollateralized lending with assets like ETH, wBTC, and LRTs. Users earn RXP loyalty points, redeemable for $RATE and Scroll tokens.

How to Participate

Higher deposits unlock referral codes for additional rewards.

Potential Airdrop: Polymarket

Polymarket, a decentralized prediction market platform, has no native token yet—but rumors of an upcoming launch persist. Active users who make accurate predictions could be rewarded.

How to Prepare

History shows platforms like this often reward early adopters generously.

Frequently Asked Questions (FAQ)

Q: What is a crypto airdrop?
A: A crypto airdrop is when a blockchain project distributes free tokens to users’ wallets to promote awareness, reward early supporters, or decentralize ownership.

Q: Are crypto airdrops safe?
A: Many are legitimate, but scams exist. Always verify official links, never share private keys, and use a dedicated wallet for airdrop activities.

Q: How do I know if I’m eligible for an airdrop?
A: Eligibility varies—common requirements include wallet interactions, social media follows, referrals, or holding specific assets. Check each project’s official guidelines.

Q: Can I make money from airdrops?
A: Yes. Many early participants in projects like Arbitrum, Optimism, and StarkNet earned thousands in token value post-launch.

Q: Do I need to pay taxes on airdropped tokens?
A: In most jurisdictions, yes. Airdropped tokens are typically considered taxable income at fair market value when received.

Q: Will Base definitely have an airdrop?
A: There’s no official confirmation yet, but Coinbase’s history (e.g., Base’s parent company launching successful tokens) makes it highly likely.

How to Evaluate Airdrop Opportunities

Not all airdrops are worth your time. Use these criteria to assess quality:

  1. Project Viability: Research the team, roadmap, and technical foundation.
  2. Token Utility: Does the token have real use cases like governance or staking?
  3. Community Strength: Active Discord servers and social media indicate strong support.
  4. Security Audits: Check if smart contracts have been audited by reputable firms.
  5. Participation Requirements: Avoid overly complex tasks unless rewards justify effort.

Staying Safe While Chasing Airdrops

Follow these best practices:

👉 Learn how secure platforms verify smart contracts before distribution.

By strategically engaging with high-potential projects today, you position yourself for significant gains tomorrow. Whether it’s DeFi protocols, layer-2 networks, or AI-driven blockchains, August 2024 offers abundant opportunities for savvy crypto enthusiasts. Stay active, stay informed, and let your on-chain activity work for you.