Four Airdrops to Watch in the Coming Week In the Middle of Crypto Market Volatility

As Bitcoin and the broader cryptocurrency market continue to experience volatility, traders and investors are seeking ways to safeguard their assets and explore new opportunities.

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Four Airdrops to Watch in the Coming Week

One such avenue is through crypto airdrops, which offer the potential for lucrative returns with minimal initial investment.

KITE AI

KITE AI, also known as GoKITE AI or simply Kite AI, is a Layer 1 blockchain platform specifically designed for artificial intelligence applications. Built as an independent chain on the Avalanche network, KITE AI aims to create a decentralized ecosystem where AI models, data providers, and developers can collaborate effectively.

The platform utilizes a Proof of Attributed Intelligence (or Proof of AI) consensus mechanism, designed to ensure fair allocation and transparent rewards for participants within the ecosystem.

KITE AI has launched the first phase of its testnet, called Aero, and is offering an airdrop opportunity. Participants can earn points by testing the network, and Airdrops.io announced on the X platform:

Daily free XP rewards for chatting with AI agents. Earn points through simple social tasks and referrals.

While the exact token allocation details are yet to be disclosed, participating in the testnet could prove valuable for the potential future airdrop. Crypto airdrop expert JayPee advised:

Get ready for the first AI-focused Layer 1 airdrop on Avalanche. Complete tasks and interact with AI to earn XP. This is key to qualifying for the KITE AI airdrop.

Newton

Newton, also referred to as Magic Newton, is an interoperability-focused blockchain network. Developed by Magic Labs and Polygon Labs, it is built on Polygon’s AggLayer and aims to simplify cross-chain interactions, providing a seamless user experience, application, and liquidity across various blockchain networks, particularly those compatible with the Ethereum Virtual Machine (EVM).

Newton has successfully raised $83 million in funding and has garnered the trust of over 190,000 developers. As part of the airdrop, Newton has launched the Credits program, where users earn rewards by completing tasks on the platform.

Upon registration, users receive 150 credits and can earn additional points by participating in various activities through the Newton portal. The program includes daily opportunities to gain extra points through activities like dice rolling.

While participation in the Credits program is free, users may incur minor transaction fees on the Polygon network for future interactions on the platform.

The exact details of the airdrop have not yet been announced, but the credit system suggests that token allocation may be based on the level of user participation and engagement.

Story Protocol

Story Protocol is another airdrop to keep an eye on this week. The project launched after raising $134.3 million in funding, with investors including Andreessen Horowitz and Polychain Capital. Since January 10th, participants have been able to mint exclusive NFTs.

Nerzo, the project behind Story Protocol, provides ownership and management of NFTs across multiple blockchains and protocols. By minting NFTs, users can increase their activity on the testnet and enhance their chances of receiving the airdrop. The project announced:

Holders of these NFTs will receive 10 million NRZ tokens for free.

However, some users have raised concerns about the suspension of operations, but Nerzo has urged community members to follow their Discord for updates.

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OneFootball

OneFootball Club is a digital platform for football enthusiasts. The project plans to distribute its native token, OneFootball Credits (OFC), to users who earn BALLS points through various activities.

This airdrop follows a $307 million funding round led by Union Square Ventures and Adidas, with other investors including Animoca Brands and Dapper Labs. This airdrop marks the second season of OneFootball’s scoring system. The project recently announced:

Introducing OFC: The driving force of OneFootball on the Base network. We are thrilled to announce that OneFootball Credits (OFC) has been introduced as the official token of OneFootball! OFC operates as an ERC-20 token on Ethereum and Base.

In summary, these four airdrops present exciting opportunities for crypto enthusiasts. As always, participants should conduct their own research and exercise caution when engaging with new projects.