TrendX Research Institute: Selected Airdrop Projects for Points in 2024
Recently, the airdrop mining gameplay of the Web3 game project Portal has become very popular. In this issue, we will briefly introduce the gameplay of the points reward system and recommend selected airdrop projects with points that are a must for 2024.Author: veDAO Research Institute
Recently, the airdrop mining gameplay of the Web3 game project Portal has become very popular. This is a method to earn CrystalDash points by creating content related to Portal on Twitter. The more widely the content created on Twitter spreads, the more points are earned, which can be exchanged for more airdrops. In just one month, Portal's Twitter followers increased from 70,000 to 320,000 (+450%), demonstrating the popularity and engagement of this points airdrop gameplay among players. In this issue, we will briefly introduce the points reward system gameplay and recommend selected airdrop projects to participate in for 2024.
What is the Web3 Points Reward System?
Essentially, the points reward system rewards users with points for completing specific actions, which can be redeemed or used in various ways, aimed at stimulating further user participation and increasing user loyalty to the project platform.
In fact, the underlying gameplay logic is ubiquitous in the Web2 world, from online and offline game points used to redeem rewards to loyalty programs like those of chain brands such as Starbucks and Vipshop. The main focus is on a reverse incentive for users to "consume more to earn more," while in the Web3 world, it translates to "work more to earn more" cumulative rewards. Since the end of 2023, a series of points reward gameplay has emerged in the Web3 world, from Rainbow wallet rewarding users for using ETH to earn points, to the NFT marketplace Blur's new L2 Blast program, which incentivizes users to transfer funds through Blast Points.
Why is the Web3 Points Reward Gameplay So Popular?
After introducing the points reward gameplay into the Web3 world, it innovatively combines with users' daily operations or rigid demands to attract new users and new funds. For example, Portal encourages users to participate in "commenting, retweeting, and liking content related to topics on Twitter" to earn points. The more frequently users engage and the wider the topic spreads, the more points they can earn, ultimately redeeming for more airdrop rewards. From the user's personal perspective, this is an operation that can be performed while casually browsing Twitter, with low barriers to entry and operational requirements. Moreover, points can accumulate, rewarding users for more effort, providing immediate positive feedback. When this individual behavior reaches a certain scale and has a spreading effect, the hot trend will attract more users to participate in earning points, and previous tweets will gain more exposure, leading early participants to passively earn more points. This creates a spiral effect, where for top players, the earnings from points can resemble explosive growth, which is the most attractive aspect—"more work, unlimited earnings."
Looking ahead, once users successfully redeem airdrop tokens, the more token holders there are, the greater the demand for redemption and circulation, thus ensuring overall market liquidity. However, it is essential to focus more on the project's tokenomics, team strength, and operational planning, as these are prerequisites for participating in any airdrop. Only projects recognized by the market are valuable, and their airdrops are worth our time and effort to earn points. Next, we will share the selected airdrop projects for 2024.
Project Sharing
1. KiloEx
KiloEx is a user-friendly perpetual contract DEX focused on risk management and capital efficiency, supporting asset types including cryptocurrencies, forex, and stocks. KiloEx itself is a Perp DEX based on oracle pricing, similar to GMX, with core innovations including: stablecoin-neutral LP with built-in hedging, copy trading, and token economics that draw on today's advanced mechanisms. Compared to current mainstream Perp DEXs, LPs with automatic hedging mechanisms are more user-friendly for those earning interest, while copy trading is more favorable for trading users.
Currently, there are activities to earn points through trading, which can be earned in five main ways:
- Sign in to earn points;
- Trade, earning points based on trading volume;
- Provide LP, earning points based on amount;
- Referral commissions;
- Special activities to earn OAT.
For specific activity rules, please refer to the official Gitbook: https://kiloex.gitbook.io/kiloex/airdrop-and-reward/kiloex-points-airdrop-program
Related link: https://app.trendx.tech/project/5a6d330cbe650e64ce2d6022331dadffda36de762faa346c05dc02eb7f602126
2. Blur
Blur is an NFT marketplace and aggregator designed with many innovative features for professional traders. As a combination of a real-time NFT marketplace and aggregator, it supports bulk trading of NFTs and adopts zero royalty fees. Blur has announced the launch of its third season airdrop, with 50% of the rewards distributed to BLUR token holders and 50% to Blur community members. The third season points airdrop activity will end in May 2024.
The strategies for earning points in the third season airdrop are mainly divided into two types:
Holder Points Program: Deposit BLUR tokens to earn holder points, which can be withdrawn at any time. When Blast governance goes live in May 2024, distribution will be based on the user's total holder score (holder points x multiplier). Holders earn 1 point per hour for each BLUR token held. Additionally, the multiplier starts at 1x and increases by 0.5x each month after the user's first deposit.
Blur Points Program: Earn points through bidding, listing, and lending. Bidding and listing points apply to all collectibles and are issued at the same rate. Bids that carry the highest "risk" can earn the majority of points. Lending points are only applicable to collectibles supported by the Blend protocol, with a issuance rate half that of bidding and listing points.
Related link: https://app.trendx.tech/project/65dae2d855f22f51d5131cd3dd727bcd40a67bc2721c31af9867f7ab93f61b04
3. Blast
Blast is a Layer 2 network launched by the founders of Blur in late November 2023, designed to help users earn yields. It is an EVM-compatible optimistic rollup with native yield. Blast's yields come from Ethereum staking and RWA protocols, with the yields from these decentralized protocols automatically returned to Blast users. On Blast, users' balances automatically compound, earning additional Blast rewards. The project secured $20 million in funding upon launch, and the early experience activity is officially live, with a TVL of $13.5 billion and over 100,000 total users.
The strategies for earning points on Blast are mainly divided into two types:
- Deposit ETH, USDC, Tether, stETH, WETH, DAI;
- Invite friends to team up for more points and more flip lottery opportunities.
Related link: https://app.trendx.tech/project/b701602db01bebc3dd6d7f9aa7df999a21d693a163acae5272f6983e58c8fc09
4. Kinza Finance
Kinza is a lending protocol built for the DeFi ecosystem, aiming to connect the demand and supply of liquidity to create optimal on-chain money markets. It is a protocol on the BNB chain that received funding from Binance Labs in August 2023, with 5% allocated for airdrops according to the project's tokenomics.
Kinza's strategy for earning airdrop points is mainly divided into two types:
- Provide liquidity to the platform market. The longer liquidity is maintained on the platform, the more points earned.
- Additional airdrop: Go to the official website module and copy the personal link; each invited user will also receive an additional 10% airdrop.
Link: https://app.kinza.finance/#/referral
5. TrendX
TrendX is a leading AI-driven Web3 trend tracking and smart trading platform that combines AI-driven trend tracking and smart trading to provide comprehensive project discovery, trend analysis, primary investment, and secondary trading experiences. On January 8, TrendX announced it successfully raised $1 million in seed funding. TrendX will gradually launch its Launchpad feature in the first half of 2024, along with industry-leading AI trading features such as token aggregation trading, cross-chain aggregation trading, and AI trading assistants.
The latest airdrop plan released by TrendX on January 16: 4% (40,000,000 tokens) of the official token will be allocated for early contributor airdrops, with 2% airdropped to users who participate in governance and achieve a certain activity level, and 2% airdropped to early users of trading features (expected to launch in Q1 2024). The airdrop will be completed in two rounds. The amount of airdrop depends on the user's activity level and contribution on the platform. Eligibility criteria for receiving the airdrop:
- Account linked to Twitter account
- Receive AlphaDAO test tokens
- User activity level not less than 1000 points. There are many ways to earn activity points, and the official has also compiled a task list:
The official token airdrop and listing will be launched between March and June 2024. For specific activity rules, please refer to the official Medium.
6. Rainbow
Rainbow is a mobile wallet application that allows users to interact with decentralized applications on the Ethereum blockchain. It provides extensive support for a range of NFT marketplaces, covering almost all popular markets, including OpenSea, Blur, Rarible, SudoSwap, and x2y2. Rainbow is a well-established infrastructure and has raised $19.5 million to date.
In December 2023, Rainbow launched a new points activity, where Ethereum network users on Rainbow will earn points, users who have previously used MetaMask for exchanges will earn points, and loyal Rainbow users will earn even more points. Additionally, anyone who used the MetaMask exchange feature last year and imports their MetaMask wallet into Rainbow can earn up to 150,000 extra points.
Detailed operation guidance can be found at: https://foresightnews.pro/article/detail/49221
Related link: https://app.trendx.tech/project/b1f7b2eed6414eebfeccbd1552c80e93b5c70209cc660cb6a62bf90b14e76b71
7. BEVM
BEVM is a BTC Layer 2 that uses BTC as gas and is EVM-compatible, with the core goal of expanding the smart contract scenarios of Bitcoin, helping BTC break free from the non-Turing complete and non-smart contract supporting constraints of the Bitcoin blockchain, allowing BTC to build decentralized applications on BEVM with BTC as native gas.
From January 17 to February 17, 2024, BEVM has launched the second phase of its airdrop activity. Participants can earn points by engaging in cross-chain, swap, and other activities.
Details: https://campaign.bevm.io/helsinki
Related link: https://app.trendx.tech/project/68762f34fb71dd6c2fb59b5cb7b2b590828b9d2eb3a05f9fe0ebae2fe52a53c4
