10 Biggest Crypto Airdrops of 2023 | BitPinas

10 Biggest Crypto Airdrops of 2023 | BitPinas

Time Stamp: December 30, 2023 9:41 PM
10 Biggest Crypto Airdrops of 2023 | BitPinas PlatoBlockchain Data Intelligence. Vertical Search. Ai.

In BitPinas, we have already tagged crypto airdrops as a win-win situation for both the project and the users. 

It is because, in crypto airdrops, web3-focused projects give users tokens, NFTs, and other digital collectibles in exchange for some simple tasks, like following the project’s social media accounts, using the project’s platform, or subscribing to the project’s newsletter. 

(Read more: Ultimate Guide to Solana Airdrops 2023 – 2024 and 10 Potential Crypto Airdrops to Watch Out For in 2024)

(Also read: Solana Airdrop Checker Tool Guide To Check If Your Wallet is Eligible and BONKbot Telegram Bot Guide: Fastest Way to Buy and Sell Solana Coins)

Famous Crypto Airdrops in History

One of the most famous airdrops that happened was in 2017 when about 500,000 users joined OmiseGo’s airdrop, where OmiseGo allotted 5% of its total token supply to those who would hold at least 0.1 $ETH in their wallets. That airdrop was known as the most number of crypto airdrop participants. 

Meanwhile, the first known airdrop was recorded in 2014, when Auroracoin, a crypto project that aimed to be Iceland’s national cryptocurrency, planned to distribute 50% of the $AUR tokens to Icelandic citizens who hold a national ID. 

10 Biggest Crypto Airdrops of 2023

Almost a decade after the first-ever crypto airdrop happened, let us take a look at the top 10 biggest airdrops of 2023 as recorded by CoinGecko:

Arbitrum: $1.969 Billion

Arbitrum is a layer-2 blockchain for Ethereum that claims to make the network’s transactions faster and cheaper. It has two main products—the Arbitrum Rollup and AnyTrust protocols—that aim to attract dApps developers who want to build on top of Ethereum while benefiting from Arbitrum’s scalability. 

As it introduced its governance token, $ARB, it hinted at a big airdrop. The $ARB airdrop began on March 23, 2023 and ended on September 24, 2023. 

The project split its airdrop into two categories—for individual users of the platform and for DAOs building dApps on top of Arbitrum. 

For Arbitrum users, the project allocated about 12% or 1.162 billion $ARB worth of prizes. Arbitrum implemented a points system. For those who earned three points,  1,250 $ARB was rewarded, while for those who got 12 points and above, 10,250 $ARB was rewarded. Some tasks to qualify included using Arbitrum as an asset bridge, conducting a certain number of transactions, and conducting a certain amount of transaction. 

Meanwhile, a separate distribution was allocated for DAOs that were building applications in the Arbitrum ecosystem. Arbitrum allotted more than 1%, or 113 million $ARB worth of prizes. 

All in all, valued at its all-time high (ATH) token price of $1.69, the total worth of $ARB distributed during the airdrop was $1,969,296,101. 

Blur: $0.818 Billion 

Blur is an Ethereum-based NFT marketplace that focuses more on advanced NFT trading by serving both as a marketplace and an aggregator. It is managed by the Blur Foundation, which also facilitates community-led governance and participation in the DAO and assists contributors with the development and growth of the Blur ecosystem, including the Blur marketplace, aggregators, and Blend lending protocol.

Blur Foundation allotted 51%, or 1.53 billion, of $BLUR to the community. Twelve percent, or 360 million tokens, were first distributed from October 19, 2022, to February 14, 2023. The task needed to qualify was just to be an NFT trader across any Ethereum-based NFT marketplace.  

Meanwhile, the remaining 39% is said to be distributed to the community through contributor grants, community initiatives, and incentive programs. 

All in all, Blur had two rounds of airdrops: the first one was worth $446,197,003 and the second one was worth $371,830,836, valued at $BLUR’s ATH token price of $1.24.

Celestia: $0.728 Billion

Celestia is a modular data availability network that aims to allow users to easily launch their own blockchain. Celestia scales its number of users by decoupling execution from consensus and introducing data availability sampling, as explained by its developers.

In September, Celestia introduced its Genesis Airdrop, allocating 60 million $TIA to different stakeholders—20 million tokens to the top 50% active users, 20 million tokens to stakers, and 20 million tokens to Github contributors. The airdrop ended on October 17, 2023.

All in all, Celestia gave away $728,380,235 worth of $TIA, valued at its ATH token price of $13.99.

Jito: $0.312 Billion

Jito Network is a permissionless liquid staking protocol that allows its users to stake their SOL tokens with Jito and receive JitoSOL, a liquid derivative representing their staked tokens.

Before November 2023 ended, the protocol announced the launch of its governance token, $JTO. A week later, on December 5, it announced its airdrop. Jito allocated 100 million $JTO tokens; 80% of those were given to JitoSOL owners, 15% to validators, and 5% to Jito MEV searchers. 

All in all, valued at its ATH of $6.01, Jito Network distributed a total of $311,634,115-worth of $JTO. 

Worldcoin: $0.182 Billion

Worldcoin is the protocol behind World ID, a privacy-preserving global identity network that claims to allow individuals to prove that they are real, unique humans on any platform that integrates with the protocol.

On July 24, 2023, the protocol launched its ERC-20 utility token, $WLD. And 60% of its initial total supply of 60 billion tokens is allocated to user grants, which are users of the World ID network.

All in all, Worldcoin gave away a total of $181,911,990, valued at its ATH of $4.69. 

AiDoge: $0.175 Billion

AiDoge is a web3 platform that seeks to revolutionize meme generation by harnessing artificial intelligence (AI) to create high-quality, relevant, and timely memes. Basically, it provides an AI-driven meme-generation experience for users and employs advanced AI technology to create relevant memes based on user-provided text prompts.

With a total supply of 1 trillion $AI tokens, 12.5% are allocated for community rewards. This means that the rewards will be airdropped to platform users who will create and vote for memes, stake $AI tokens, and contribute to the platform’s growth.

All in all, AiDoge has already distributed a total of $174,850,390 this year. 

Memecoin: $0.147 Billion

Memecoin is a meme-based cryptocurrency. It is a digital token compatible with the ERC-20 token standard but has no functions, no utility and no intrinsic value, and no promise or expectation of any financial return, profit, interest, or dividend. In its whitepaper, it is emphasized that $MEME is “completely useless and for entertainment purposes only.”

$MEME has a fixed total supply of 69 billion, 25% of which is allocated as an airdrop to MVP, Captainz, and Potatoz NFT holders. 

For 2023, Memecoin gave away a total of $146,564,771 worth of $MEME. 

Pyth Network: $0.125 Billion

Pyth Network is a next-generation oracle solution that claims to bring valuable financial market data to the general public. Basically, it incentivizes market participants—trading firms, market makers, and exchanges—to share directly on-chain the price data collected as part of their existing operations.

It has launched the Pyth Network Retrospective Airdrop, which seeks to reward community members who contributed to the Pyth ecosystem, culture, and community.

As of this writing, a total of $124,533,425 worth of $PYTH has already been distributed. 

SPACE ID: $0.044 Billion

SPACE ID is a universal name service network with an identity platform to discover, register, trade, and manage web3 domains. It also offers a web3 name SDK and API for developers across blockchains and provides a multi-chain name service for its users to easily build and create a web3 identity.

$ID is the governance token of SPACE ID, and 200 million tokens are allocated for its community airdrop. For the 2023 airdrop, those who hold .bnb or .arb domains received a certain amount of $ID, depending on the number of holding days. 

All in all, SPACE ID has already given away a total of $44,391,466. 

CyberConnect: $0.028 Billion

CyberConnect is a web3 social network that claims to enable developers to create social applications empowering users to own their digital identity, content, connections, and interactions.

For its airdrop, those who minted their profile on the protocol, created a fan pass, and earned fan points were able to claim tickets with corresponding rewards. 

As of this writing, a total of $28,358,596 has already been distributed to its users. 

This article is published on BitPinas: 10 Biggest Crypto Airdrops of 2023

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