News
Cryptocurrency Airdrops to Watch in July
Cryptocurrency airdrops spark web3 protocols while rallying the community behind the project. For many years, crypto companies have launched airdrops for their users for many reasons. Many protocols use drops to test the effectiveness of their tokens and ecosystem while others implement them air drops to rally and energize the broader community.
This year, the surge in cryptocurrency prices has led to wider adoption. As a result, several protocols have released drops to gain more support and access to the community. Currently, the cryptocurrency market is seeing a price rebound with airdrops expected to start next month. Here are some airdrops to watch in July.
Zeta’s cryptocurrency launch
Zetachain’s cryptocurrency launch will run until July, making it one of the hottest listings next month. The protocol has gained traction in recent weeks as a decentralized finance (DeFi) derivatives platform. Zeta will distribute 8% of the total supply to users who have collected a Z-Score. Users who have collected 500 Z-Scores by June 7 will meet the criteria for the airdrop.
To proceed, users must visit the Zeta dashboard, connect their Solana wallet, and verify the number of tokens designated for their eligibility. Users have a deadline of September 25 to claim their tokens before returning to the community via other incentives.
Rho markets
Lending provider Rho Market is launching a cryptocurrency airdrop to reward user participation in distributing tokens to early adopters. Users are expected to visit the protocol, connect a wallet and go to Scroll Network. After providing resources to specific lending pools, participants have the opportunity to earn more RXP tokens.
Gust
The Ethereum layer 2 network, Blast has announced a cryptocurrency airdrop for users. The inventive will last 30 days with the company distributing 17 billion tokens. A total of 17.5% of the supply will be unlocked for now with the second phase already underway. Users will need to visit the protocol, connect a wallet, and register to request airdrops.
Other launches taking place in July include Optopia, Zeek Network, Infinex, Sophon, etc.
Read also: Political sentiment influences the prices of Biden and Trump meme coins