PENGU, the newly-launched cryptocurrency of the Pudgy Penguins ecosystem, suffered a sharp decline in value a day after it went live. At the time of writing, data from CoinGecko showed that the token had fallen by 57.8% within 24 hours to settle at $0.02892. Airdrop Aftermath The highly-anticipated airdrop launched on December 17 saw about...Read More
Hamster Kombat’s first season has officially wrapped up. Since its launch in March 2024, it has drawn in over 300 million users. A massive 131 million players qualified for the September 26 airdrop, with 60% of the allocation distributed immediately. 60 Billion Tokens up for Distribution The Hamster Kombat team made the announcement in a...Read More
On Sept. 17, Minnesota Representative Tom Emmer wrote with House Financial Services Committee Chairman Patrick McHenry to SEC Chair Gary Gensler requesting clarity on whether crypto airdrops are securities transactions. “Under Chairman Gensler’s tenure, the SEC has put its thumb on the scale and prevented Americans from shaping the next iteration of the internet,” he...Read More
Cryptocurrency projects heavily focus on incentivization to generate interest in their brand and products. Airdrops serve as a dual-purpose strategy, both introducing users to the project and rewarding them, effectively functioning as a combined marketing and reward system. There has been a good number of airdrops this year. Ethereum co-founder Vitalik Buterin highlighted the potential...Read More
Popular multi-chain DEX, PancakeSwap has announced a major community reward program from July 5 to August 5. As part of this initiative, PancakeSwap will distribute over 2.45 million zkSync (ZK) tokens to its community members in appreciation of their support for the zkSync PancakeSwap deployment since July 2023. The airdrop in question aims to reward...Read More
There is more to creating an airdrop campaign than most companies realize. Airdrops go beyond sharing free tokens with new users and getting word out for new crypto projects. They extend to aligning company goals with airdrop strategies and reaching a larger audience to keep them interested in a project. Thesis-driven crypto venture capital fund...Read More
HashKey Group, a leading end-to-end digital asset financial services group in Asia, announced the upcoming public community airdrop and listing of its new native token, HSK, which is set to be unveiled in Q3 2024. The statement notes that the new HashKey native token HSK will earn applications within the entire HashKey group ecosystem and...Read More
The Ethereum restaking protocol EigenLayer has published a whitepaper with new details about its soon-to-launch Eigen token, which will be airdropped to community members next month. According to the Eigen Foundation’s website, season 1 of the airdrop will distribute 5% of the token supply. Eligible airdrop recipients include those who staked directly with EigenLayer, and...Read More
Airdrops are a convenient way of getting some new coins into your portfolio for free. In today’s list, we will be featuring some of the most interesting crypto airdrops you should look out for this March. Quantum Estimated value: $42.5 End date: March 5th Quantum Generation (QG™) is a decentralized blockchain platform that provides encryption...Read More
If you are looking for the top airdrops of this week, here are some of the campaigns you should check out this January. IDEX End date: 7 January Estimated value: N/A IDEX is the first decentralized exchange that was built using an Ethereum smart contract, having the capabilities of conducting real-time trading, high transactional volume,...Read More
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines...Read More
Tron (TRX) will be launched on the IDAX crypto exchange. Users of the company will be able to trade TRX tokens. It may help to make the token more mainstream and increase its long-term adoption. TRX can be traded on the IDAX platform against Bittorent Token (BTT) and WINk (WIN) as a base currency on...Read More
