Top Crypto Airdrops to Watch in May 2024

2024/05/07 06:34:24

Crypto airdrops are a pivotal part of the cryptocurrency market. Projects distribute free tokens via airdrops directly to their community members' wallets to reward early adopters, incentivize participation, or decentralize the network. As we enter May 2024, the crypto landscape is buzzing, particularly following the momentous Bitcoin halving concluding last month. Additionally, the increasing adoption of modular blockchain designs and layer-2 scaling solutions herald a vibrant period of innovation and growth.

Overview of the Crypto Market in May 2024

Crypto fear and greed index | Source:

The market sentiment is bullish, as indicated by a Fear & Greed Index score of 68, pointing towards "Greed." Trends such as the increased interest in the Bitcoin ecosystem thanks to the launch of Runes protocol and Bitcoin DeFi, memecoin frenzy, and the recent spot Bitcoin and Ethereum ETF launches in Hong Kong are generating considerable interest in digital assets among global investors.

Further influencing the market is the evolving infrastructure of blockchain technology. Notably, the adoption of modular blockchain designs is increasing, allowing different layers to specialize in various functions like data availability or transaction execution, thereby enhancing efficiency. This is particularly evident with the integration of layer-2 solutions, which have substantially grown and started to divert some activity away from traditional blockchains like Ethereum​.

Another critical factor shaping the market is the potential regulatory decisions by the US SEC on spot Ethereum ETFs due later this month. Approval of these exchange-traded funds (ETFs) could significantly impact the market by making cryptocurrencies more accessible to institutional investors and those wary of direct crypto investments due to their complexities and security concerns​.

The Best Crypto Airdrops for May 2024

Here are several crypto airdrops that are catching the eye this month:

EigenLayer (EIGEN)

EigenLayer is revolutionizing the Ethereum network by enabling the restaking of ETH across multiple protocols. This innovative approach enhances Ethereum's security and scalability and optimizes capital efficiency for validators. With a substantial backing of $164 million from leading investors like Polychain Capital and Coinbase Ventures, EigenLayer stands out for its unique contribution to blockchain infrastructure​. EigenLayer's EIGEN stakedrop is a strategic initiative to distribute tokens to those actively participating in its ecosystem. This approach not only rewards early adopters but also aligns with the platform’s goal of fostering a robust and decentralized network of validators and developers.

The EIGEN token is integral to the EigenLayer ecosystem, providing a mechanism for "intersubjective forking," which addresses faults not easily pinpointed by traditional methods. This token can be staked within the platform, significantly enhancing the security for various blockchain operations and serving as a backbone for numerous decentralized applications (dApps).

Learn more about EigenLayer and how it works.

How to Participate in EigenLayer Airdrop

  1. Check Eligibility: Visit the EigenLayer airdrop claim page to verify your eligibility.
  2. Claiming Period: The claim window opens on May 10, 2024, and will remain open for 120 days until September 7, 2024.
  3. Important Dates: Remember that the snapshot date was March 15, 2024, for determining eligibility.
  4. Engagement: To increase your potential rewards, engage with the platform through activities outlined in their stakedrop phases.

When to Claim EIGEN Airdrop:

  • Snapshot Date: March 15, 2024
  • Claim Window Opens: May 10, 2024
  • Claim Window Closes: September 7, 2024

LayerZero (ZRO)

LayerZero is an innovative omnichain interoperability protocol that enhances communication between different blockchains. Its unique Relayer and Oracle architecture allows for the accurate validation of cross-chain transactions. Supported by major investors and integrated with prominent protocols like Stargate and Hashflow, LayerZero is central to expanding the blockchain ecosystem's connectivity and functionality.

The ZRO token plays a critical role in LayerZero’s ecosystem. It likely facilitates operations within the protocol by possibly being used for governance, paying transaction fees, or rewarding nodes that participate in the network's security and efficiency.

LayerZero’s approach to enabling seamless interaction across multiple blockchain platforms positions it as a pivotal player in the blockchain space. For those interested in participating in the potential ZRO airdrop, staying active within the ecosystem and using LayerZero’s services could enhance your chances. Remember, all official airdrop details will be confirmed through LayerZero’s official channels, so keep an eye out for updates directly from them.

Here’s a deep dive into Layer-0 blockchain networks.

How to Participate in LayerZero Airdrop

  1. Join the Community: Engage with the LayerZero community by joining their official Discord channel. Active participation can sometimes influence eligibility for airdrops.
  2. Interact with LayerZero dApps: Use LayerZero-powered applications such as Stargate for asset bridging across chains. Frequent interactions may increase your likelihood of receiving an airdrop.
  3. Stay Updated: Follow LayerZero’s official communications and announcements for any updates on airdrop eligibility and procedures.

When to Claim ZRO Airdrop

  • Airdrop Snapshot Date: Took place on May 1, 2024.
  • Token Launch and Airdrop Claim Period: Expected in the first half of 2024, specific dates for claiming will be announced by LayerZero.

Friend.Tech (FRIEND)

Friend.Tech is a groundbreaking crypto-social platform that blends the dynamics of social media interaction with cryptocurrency trading. Developed by Stealcam, Friend.Tech allows users to trade tokenized shares of Crypto Twitter influencer accounts, creating a unique mix of social engagement and investment. This innovative SocialFi approach has captivated the interest of both social media users and crypto enthusiasts. For users eager to dive into the world of social crypto trading while earning potential rewards, Friend.Tech offers a novel platform combining financial investment with social interaction.

Friend.Tech's reward points, accumulated during the beta testing of their app, are set to transform into a more significant asset upon the platform's official launch. These points will potentially convert into governance tokens, empowering users to have a say in the platform's future developments and decisions. On May 3, 2024, Friend.Tech launched its v2 and airdropped over 13 million tokens to early adopters of its platform.

Find out more about other top SocialFi projects in the crypto market.

How to Participate in Friend.Tech Airdrop

  1. Download the App: Start by visiting Friend.Tech on your mobile device and installing the application.
  2. Register and Connect: Enter an invite code, connect your Twitter account, and make a minimum deposit of 0.01 ETH to your wallet.
  3. Engage and Earn Points: Earn points by inviting friends and trading influencer shares. Keep an eye on the dedicated airdrop tab, where points are allocated weekly.
  4. Stay Updated: Join the Friend.Tech Telegram channel for regular updates on launch schedules and airdrop details.

When to Claim FRIEND Airdrop

  • Start Date: The airdrop of FRIEND tokens began on Friday, 3 May 2024, following the announcement date.
  • Ongoing Engagement: Points will be distributed over the course of six months, with a total of 100,000,000 points available.

Immutable (IMX)

Immutable is pioneering the integration of Web3 innovations into the gaming industry. The platform aims to empower gamers and developers by providing true digital ownership of in-game assets enabled by blockchain technology. By tokenizing game items and allowing their trade on an open market, Immutable sets a new standard for the gaming economy. Immutable is not just a gaming platform but a comprehensive ecosystem designed to support the growth of Web3 gaming. By participating in the Main Quest and engaging with the platform, you can earn rewards while helping to shape the future of gaming.

The IMX token is central to the Immutable ecosystem. It facilitates transactions within the platform, such as payment for in-game items and governance, allowing token holders to participate in decision-making processes that affect the platform's future.

Check out the top gaming (GameFi) crypto projects in the market.

How to Participate in Immutable Airdrop

  1. Join the Main Quest: Start by signing up or logging in with an Immutable Passport on the platform's official site.
  2. Daily Engagement: Collect daily gems by visiting the Immutable Gems page every day at 00:00 UTC. Holding at least 20 IMX in your wallet increases your gem rewards.
  3. Play and Earn: Engage with games listed in the Main Quest to earn additional rewards, including IMX tokens and unique in-game NFTs.
  4. Extra Opportunities: Take part in activities like token swaps on DEXs using Immutable zkEVM, provide liquidity, and trade NFTs on the Immutable marketplace to maximize your earnings.

When to Claim IMX Airdrop

  • Program Start: The exact start date of the program is not specified, but it includes ongoing daily tasks.
  • Duration: The rewards program is designed to evolve continuously, with specific dates for milestones and phases announced on the platform.


MANTRA is an innovative Real World Asset (RWA) Layer 1 blockchain designed specifically for compliance with regulatory frameworks, making it particularly appealing to institutions and developers. Its security-first approach and infrastructure tailored for permissioned applications set it apart in the blockchain industry. Recently, MANTRA secured $11 million in funding, underscoring strong support from significant venture capital firms. MANTRA's strategic positioning as a blockchain for RWAs and its innovative approach to regulatory compliance provide a unique opportunity for users looking to engage with a platform that bridges traditional and decentralized finance.

The OM token is crucial within the MANTRA ecosystem, serving as the primary medium for transactions and governance. It plays a pivotal role in network operations, from paying transaction fees to participating in governance decisions that shape the platform's development and regulatory adherence. By participating in the various activities and quests offered, users can gain valuable OM tokens while contributing to the platform's growth and adaptation in the real-world asset space.

Check out the top crypto projects in the RWA tokenization sector.

How to Participate in MANTRA Airdrop

  1. Register on the Platform: Start the process by visiting the MANTRA Galxe airdrop page.
  2. Complete the Registration: Sign up using options like email, wallet address, X, or Discord accounts.
  3. Engage with Activities: Participate in various on-chain and off-chain quests, such as creating a MANTRA wallet, collecting tokens, and completing swaps.
  4. Collect Daily Rewards: Engage daily to collect gems and maximize your airdrop eligibility.

When to Claim OM Airdrop

  • Airdrop Announcement: The exact start date for the airdrop claim period has not been specified, but it involves ongoing engagement through tasks and quests.
  • Ongoing Engagement: Continuous participation in newly added quests and activities is encouraged to maximize potential rewards.

BeFi Labs (BEFI)

BeFi Labs is revolutionizing the use of BRC20 tokens by integrating them seamlessly with popular wallets like MetaMask, allowing instant trading with zero fees. This unique platform blends the autonomy of decentralized exchanges (DEXs) with the efficiency of centralized exchanges (CEX), providing users complete control over their assets along with enhanced liquidity and operational efficiency. BeFi Labs is not just offering a token but a gateway to a suite of benefits that improve user engagement and investment potential on its innovative platform. By holding BEFI tokens, you can access a range of perks that improve your trading experience and influence within the BeFi Labs ecosystem.

The BEFI token is central to the BeFi Labs ecosystem, offering holders several benefits, including low trading fees, early access to new projects, and exclusive airdrops of new BRC20 tokens. It also serves as a payment method for in-app fees and gives holders voting power in platform governance, aligning with a community-driven development approach.

Here’s more information on how to buy BRC-20 tokens.

How to Participate in BeFi Labs Airdrop

  1. Acquire BEFI Tokens: Purchase BEFI tokens from platforms like KuCoin or directly through the BeFi Labs website.
  2. Hold BEFI Tokens: Simply holding BEFI tokens in your wallet makes you eligible for the exclusive airdrops and other holder benefits.
  3. Engage with the Platform: Take advantage of the low fee structure and participate in governance to influence future developments within BeFi Labs.

When to Claim BeFi Labs Airdrop

  • Airdrop Eligibility Period: Ongoing. Specific start and end dates for claiming the airdrop have not been disclosed, so maintaining a holding of BEFI tokens is recommended to ensure eligibility for any upcoming distributions.

Aperture Finance (APTR)

Aperture Finance is innovating within the DeFi space by introducing a chatbot UX powered by its Intents infrastructure, enabling users to declare their financial goals in natural language. This setup aims to optimize execution and pricing by tapping into a network of solvers, thus enhancing user interaction and efficiency over traditional transactional methods. Aperture Finance's airdrop is a great opportunity for users to engage with an innovative platform at the intersection of AI and DeFi, leveraging their activities within the ecosystem to earn potentially valuable tokens.

The APTR token is fundamental to Aperture Finance’s ecosystem, serving as a utility token for transactions, governance, and accessing specialized features. Token holders can enjoy reduced fees, participate in governance decisions, and gain early access to new projects and exclusive airdrops.

How to Participate in Aperture Finance Airdrop

  1. Register on the Platform: Visit the Aperture Finance airdrop page and connect your wallet.
  2. Engage with the Platform: Follow Aperture on social media, retweet specific tweets, and join their Telegram and Discord channels. Complete additional tasks listed on the airdrop page to earn points.
  3. Earn More Through Referrals: Utilize the referral program to earn up to 20% of the points from each person you refer.
  4. Convert Points to Tokens: After the Token Generation Event (TGE), the points you collect will be converted into APTR tokens.

When to Claim APTR Airdrop

  • Campaign Start: The campaign began on March 25, alongside the brand refresh.
  • End Date: The campaign will conclude at TGE or once the platform crosses 10 billion in Intents Volume.

Drift Protocol (DRIFT)

Drift Protocol stands out as a decentralized, fully on-chain perpetual swap exchange built on Solana. It introduces a Dynamic Automated Market Maker (AMM) system, which adapts liquidity based on trading behavior and demand, marking a significant innovation in the crypto trading space. This mechanism provides improved capital efficiency and responsiveness compared to traditional virtual AMMs.

The DRIFT token is integral to Drift Protocol's governance and operational mechanisms. It is used for transaction fees, governance voting, and as incentives for liquidity providers and traders within the ecosystem. Holding DRIFT tokens enables users to participate in the protocol’s development and decision-making processes.

Here’s information on other top DEXs in the Solana ecosystem.

How to Participate in Drift Protocol Airdrop

  1. Check Eligibility: Visit the Drift Protocol airdrop eligibility page and enter your Solana wallet address to see if you are eligible.
  2. Claim Tokens: If eligible, follow the instructions provided on the website to claim your DRIFT tokens. Be aware of the bonus structure, which rewards users for claiming their tokens after a specified period.
  3. Stay Updated: Regularly check Drift Protocol’s official communications for updates on the claim dates and additional opportunities to earn rewards through engagement with the platform.

When to Claim DRIFT Airdrop

  • Eligibility Check Available: From the announcement date, 1 May 2024.
  • Claim Period: Specific dates for the token claim will be announced later. Follow Drift Protocol's official channels for the most current information.

Blackwing (BXP)

Blackwing is pioneering blockchain by offering liquidation-free leverage trading for long-tail assets through its innovative Limitless Pools. Utilizing advancements in modular infrastructure and leveraging the Initia foundation, Blackwing allows seamless leverage trading across multiple chains without compromising decentralization. This unique approach positions Blackwing at the forefront of cross-chain financial solutions. Blackwing’s innovative approach to leverage trading and its strategic use of the BXP token within its ecosystem provide a compelling opportunity for users interested in advanced trading mechanisms and cross-chain functionality.

The BXP token plays a crucial role in the Blackwing ecosystem, facilitating various operations, including trading, liquidity provision, and governance. Participants in the airdrop campaign will receive BXP tokens, which are integral for interacting with the platform’s features and for participating in governance decisions. By participating in the airdrop campaign, users can gain early access to this unique platform and influence its development through governance participation.

How to Participate in Blackwing Airdrop

  1. Register for the Airdrop: Visit the Blackwing airdrop page with a referral code.
  2. Connect and Participate: Link your wallet (Ethereum, Arbitrum, or Binance Smart Chain) and engage with the platform by depositing supported tokens like WETH and USDC.
  3. Earn Points: Complete tasks such as daily check-ins, raffles, and providing liquidity to earn BXP points.
  4. Referrals: Utilize your referral link to invite friends. Earn additional BXP based on your referrals’ activities.
  5. Convert Points to Tokens: Post-TGE, your accumulated BXP will convert into BXP tokens.

When to Claim BXP Airdrop

  • Airdrop Campaign Start: Specific start date not mentioned, but ongoing with activities to earn BXP.
  • End Date: The campaign concludes at the Token Generation Event (TGE) or when the platform crosses 10 billion in Intents Volume.


Haven1, developed with support from the Yield app and backed by Fundamental Labs, is a Layer 1 blockchain that integrates traditional finance's security features with the innovative capabilities of DeFi. It uses a Proof of Authority (PoA) consensus mechanism, which is environmentally friendly and supports network-level risk controls and user verification while maintaining privacy. Haven1 aims to bridge the gap between traditional finance and decentralized finance by providing a secure, scalable, and user-friendly blockchain environment.

The H1 token plays a central role in the Haven1 ecosystem, facilitating transactions, governance, and access to exclusive features. The token is designed to leverage the blockchain's security and scalability, aiming to unlock new use cases in DeFi and traditional finance integration. Engaging with the testnet not only helps improve the platform through real-user testing scenarios but also rewards participants with H1 tokens, fostering a strong community of early adopters.

How to Participate in Haven1 Airdrop

  1. Join the Testnet: Register on the Haven1 testnet page and connect your wallet.
  2. Complete Mock Verification: Verify your account through the mock verification process to simulate real-world use.
  3. Engage with the Platform: Participate in activities like token swaps and the Provable Identity Framework and complete quizzes to understand the platform better.
  4. Earn Rewards: Utilize the platform’s features and refer friends to earn more rewards, tracked as testnet tokens, which will be converted to H1 tokens post-launch.
  5. Stay Updated: Keep an eye on Haven1’s announcements for updates on the airdrop dates and additional ways to engage with the platform.

When to Claim H1 Airdrop

  • Testnet Participation: Currently open for users who wish to join and participate.
  • Token Launch and Airdrop Claim: Specific dates for the H1 token launch and airdrop claim period will be announced following the conclusion of the testnet activities.

How to Evaluate Airdrops

When evaluating crypto airdrops, consider these key criteria:

  1. Project Viability: Research the project's goals, roadmap, and team. A strong, transparent team and a clear, feasible roadmap are good indicators of a project's potential.
  2. Token Utility: Understand how the token will be used within the project's ecosystem. Tokens with defined utility are generally more promising.
  3. Community and Market Sentiment: Gauge interest and engagement levels. A vibrant community often indicates healthy demand and support for the project.
  4. Airdrop Conditions: Examine what is required to qualify for the airdrop. Conditions that are too easy might not be beneficial in the long run.
  5. Smart Contract Security: Check if the airdrop's smart contract has been audited. Secure contracts reduce the risk of losing your investment.

How to Stay Safe When Participating in Airdrops

To safeguard yourself during airdrops, follow these precautions:

  1. Research: Always do thorough research to verify the authenticity of the airdrop. Reliable information is often found on official project sites and reputable crypto forums.
  2. Use a Dedicated Wallet: Create a separate wallet for airdrops to protect your primary assets. This limits exposure if the new wallet is compromised.
  3. Never Share Private Keys: Legitimate airdrops will never ask for your private keys. Sharing them can lead to the theft of your assets.
  4. Be Wary of Hyperbolic Promises: Offers that seem too good to be true usually are. Be skeptical of projects promising high rewards with little to no effort.
  5. Check for Permissioned Interactions: Interact with tokens you understand and trust. Unfamiliar tokens might execute unauthorized transactions if interacted with.


Crypto airdrops offer exciting opportunities to get free tokens and engage with emerging projects. They can enhance your portfolio and provide insights into new crypto innovations. However, it's essential to approach them with caution, armed with research and secure practices. Participate actively in the crypto community and leverage these opportunities to expand your knowledge and holdings in the blockchain space.

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