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HomeBlogCryptocurrencyAirdrop RISKS - Be Careful w/ Your Crypto $$$

Airdrop RISKS - Be Careful w/ Your Crypto $$$

  • avatarEmily Grace Johnson
  • 2024-08-13 14:30
  • 2 min read
Airdrop RISKS - Be Careful w/ Your Crypto $$$
  1. Crypto Airdrops Update
  2. Potential Impact of Ethereum ETF Approval on Airdrops
  3. Hack Incident and Delay in Airdrops
  4. Risk Factors in Airdrop Farming
  5. Sanctum Airdrop Details
  6. Earnestness Airdrop Allocation Concerns
  7. Qualifying for Scroll Airdrop
  8. Mimage Chain Airdrop Opportunities
  9. AL2 Finance Campaign and Airdrop
  10. Kinto Airdrop Claiming

Crypto Airdrops Update

All right, here is everything you need to know about crypto airdrops today. I've got a bunch of alpha, so this is going to be a pretty jam-packed video.

Potential Impact of Ethereum ETF Approval on Airdrops

Now let's start out with some good news, which is that it looks like the Ethereum ETFs are going to be approved next week on Tuesday, or they're going to be approved this week and actually launch next week. The reason why this is actually potentially bullish for airdrops is that a lot of projects have either been explicitly delaying their airdrops or just kind of dragging their feet because they want to wait until there's better market conditions to drop the token.

Hack Incident and Delay in Airdrops

If this ETH ETF has the same sort of impact that the Bitcoin ETF had, then we could see a turn in the market sentiment and potentially some more airdrops coming through. When we do get tokens dropped to us, of course, we want them to be dropped at a higher valuation so we can get a better price for all that farming that we put in.

Risk Factors in Airdrop Farming

It's looking like the Lifey team is going to hopefully do what they can to make people whole, and we'll see what happens out of this. At best case scenario, I would say that this is delaying the Lifey or the Jumper Airdrop by at least months at this point.

Sanctum Airdrop Details

So, as they said here, there is a vesting schedule. On day one, you can actually claim whatever amount is shown right there. But according to their vesting schedule, if you wait 14 days, you will get 100% of the capital airdrop.

Earnestness Airdrop Allocation Concerns

And so, that is why you can see some people are getting massive, massive allocations. So, for example, I saw on Twitter this morning that Cruise Control is getting 175,000 in round one, which means that he qualified for the second bucket here of 350k total tokens.

Qualifying for Scroll Airdrop

An interesting announcement from Elixir, it looks like they are going to be providing liquidity for DYDX, which is one of the biggest and most popular per DEXes. This is potentially bullish news, and remember, the Elixir airdrop actually does have a countdown, a timeline specifically associated with it which is actually less than a month away in 29 days, 6 hours, and 18 minutes.

Mimage Chain Airdrop Opportunities

If you are a Bonk holder and staker or lock core, then you can qualify for some Manta tokens on the Manta Network. If you lock more than 1 million Bon tokens before July 11th and you have an active Manta wallet, you can actually claim some rewards for that.

AL2 Finance Campaign and Airdrop

There is a new set of task quests or campaign from AL2 Finance, they're calling it Al Amazing Summer. At this point, honestly, I'm not super bullish on the AL2 Finance airdrop itself, but it's totally up to you if you think these are worth doing.

Kinto Airdrop Claiming

And actually, one final, final thing is that if you were farming Kinto, you can now claim your K mining rewards. You can check that out in the portfolio page or the account page and then click on the claim button.

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