The airdrop season in the Cosmos Ecosystem continues. Thousands of investors have made millions of free coins in the past few months as a product of staking Cosmos-based products. Thousands more are actively seeking opportunities today. Are you among those investors looking for the next big Cosmos Network airdrop? Well, this guide is for you!
What is an Airdrop?
A crypto-airdrop event is a process where projects send free tokens to individual user wallet addresses to complete specific tasks. Often, the airdrops range from as low as a few tokens to even cash rewards.
The criteria for airdrops primarily rely on the purpose of the type of airdrop. Here are a few types:
- In a standard form of airdrop, the participants give their wallet addresses and receive free tokens.
- Another type of airdrop demands that participants hold a particular type of already existing crypto token for some duration. As a result, the token holders receive rewards based on their holding.
- Bounty airdrops are a class of free tokens issued for completing a particular task, such as sharing posts, writing reviews, inviting friends, or following accounts.
- The project team invites people to participate in the exclusive airdrop and receive free tokens. These could be influencers and KOLs. They receive tokens based on their contribution, influence, and reputation.
Cosmos Ecosystem Tokens to Stake and Farm Airdrops
Cosmos has been home to major airdrops between 2022 and 2024. But how have investors managed to earn in these airdrops? Its through staking the following tokens:
ATOM (Cosmos Network)
ATOM, the native coin of the Cosmos Hub, is the most important asset within the Cosmos Ecosystem.
Remember, the Cosmos Hub is the first zone launched within the ecosystem. The zone records all the details regarding the state of all zones or blockchains within Cosmos.
Furthermore, Cosmos Hub also enables flawless interoperability with blockchains like Ethereum and Bitcoin.
Now, ATOM is the native coin of the Cosmo Hub. This means it plays a crucial role within the entire cosmos ecosystem, with use cases like:
- Gas settlements
- Staking
- Governance
- Rewarding
Over the past few years, ATOM stakers have enjoyed airdrops for tokens, including TORI, OSMO, NOMIC, JUNO, NEUTRON, and CRESENT. However, there is still a considerable potential for more future drops for ATOM stakers.
Injective (INJ) for Cosmos Network Airdrops
Second comes injective.
Injective is a unique platform created for Dapps in the Cosmos realm as an alternative to Ethereum. Note that Injective is not a replacement for Ethereum. Instead, it provides services similar to Ethereum but on a different blockchain.
In fact, in the short time this platform has been operational, Injective has managed to hold 100 projects. The platform has many features, including a blockchain, Hub, and Exchange.
The INJ token, which essentially powers the entire Injective network, is native within the Injective network. So, what are the token’s use scenarios?
- Tendermint PoS validators use INJ to participate in securing the network.
- Network governance — INJ holders can participate in votes to determine the trajectory Injective will take.
- Incentivise developers.
Of course, one of the biggest use cases of INJ is in airdrop farming. Many airdrop hunters stake the INJ token and earn free tokens in airdrops. The popular airdrops for INJ holders include DojoSwap, Talis Protocol, Hydro Protocol, and Black Panther Finance.
Celestia (TIA)
Launched in October 2023, Celestia is another crypto project befitting a mention in the list.
What is Celestia?
Celestia is a modular data availability network designed to streamline the launch process for blockchains. With Celestia, deploying and launching customized blockchains becomes as easy as deploying smart contracts.
Celestia boasts an abundant throughput, a product of data availability sampling (DAS). Per their explanation, the DAS pioneers an architecture capable of scaling while maintaining verifiability for all users.
TIA, the native token of the Celestia network, has been a big hitter in recent months. Between November 2023 and April 2024, TIA surged from a low of $2.2 to about $11.7. Accessing this token is easy via many top crypto exchange networks, including Binance, Bybit, Coinbase, OKKX, HTX, and Kraken.
MANTA, AEVO, RADIUS, AltLayer, Caldera, Eclipse, Berachain, Dymension, and Saga are among the airdrops to TIA stakers.
Dymension (DYM)
Pioneered in 2024, Dymension has already climbed the ranks, reaching the top 200 based on the Coinmarketcap listing.
Dymension launched its unique class of services, providing high-speed modular blockchains called RollApps. The idea behind the launch of Dymension is scaling networks using RollApps.
Dymension is likened to a fertile field where Rollapps are planted and grow into strong networks within the crypto realm. This network helps address three significant challenges: decentralization, scalability, and security.
At the heart of Dymension is the aforementioned native token DYM which has been a good asset, especially for investors farming airdrops. Accessible in most top exchanges, DYM is an easy asset to buy and hold for gains and also airdrops.
Osmosis (OSMO) for Cosmos Ecosystem Airdrops
As a home for Cosmos-based decentralized exchanges, Osmosis joins the party. Osmosis has a native token, OSMO, which trades at $0.9 and has a market cap of $613 million. It is one of the tokens predicted to have massive potential in the upcoming bull run, with analysts predicting 5x to 10x gains.
However, OSMO’s true potential over the years has been in the realm of airdrops. The token has been a profitable investment opportunity for stakers looking to farm airdrops.
Kujira Network (KUJI)
Another Cosmos-focused coin, KUJI, has massive potential for investors seeking to farm airdrops. It is among the first DeFI-oriented tokens within the Cosmos ecosystem.
When this report was written, KUJI was trading at a value of $1.66 and had a market cap of $204 million. Moreover, KUJI is widely available on many top exchanges, including MEXC, Helix, and major decentralized exchanges.
You can purchase this token, stake it, and await future airdrops.
Finally, SEI for Cosmos Crypto Airdrops
SEI is the final project on our top 7 list of Cosmos tokens to stake for airdrops.
SEI is trading at $0.54 and has a market cap of $1.5 billion. It is available on Centralized crypto exchanges like Binance, Bitget, and MEXC.
Buy SEI, stake SEI now.
Avoiding Scams on Cosmos Ecosystem Airdrops
Every market has a mad mad, but crypto has one too many. Myriads of fraudulent persons prey on the gullibility of new crypto investors with no research skills. As such, the potential to lose in crypto airdrops is relatively high.
Cosmos, being a universe where many projects reside, there may be chances of fraudulent airdrops. So, how can you avoid falling prey to such scams?
Well, the first thing to do is ” research.” Before making deposits on wallets or projects offering airdrops, research thoroughly to ensure the project’s legitimacy.
Secondly, never connect your wallet to websites you are not familiar with. Instead of just clicking on links, you can type the webpage yourself.
Look for public airdrop announcements on the crypto projects’ official social media pages, not just random Twitter accounts.
