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Daily Brief

August's Top Airdrop Hunts

gm Bankless Nation, airdrops are changing, but there are still fortunes to be had if you know where to look.
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Aug 1, 2024 β€’ 3 min read
August's Top Airdrop Hunts
Published on Aug 1, 2024
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Sponsor: Kraken β€” Sign up for an account and see what crypto can be.

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ANALYSIS
The Top Airdrop Hunts of the Month: August 2024
Bankless Author: Jack Inabinet

Tired of wasting time and money chasing worthless airdrops that never seem to live up to the hype? You’re not alone.

Airdrop fatigue is setting in across the crypto industry as hunters find themselves disappointed with allocations from the few drops that do occur and disillusioned with nebulous promises that fail to materialize.

While increasing competitiveness has rendered easy five-figure Jito-style payouts a memory of the distant past, it remains possible to come out ahead by participating in airdrop opportunities! We have over 100 tokenless protocols in the Airdrop Hunter, but to get access to our exclusive airdrop hunting strategies, you need to be a Bankless Citizen!

Today, we’re exploring five airdrop hunts that we think are the best and biggest opportunities to focus on this month πŸ‘‡


FRIEND & SPONSOR: KRAKEN

Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.

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NEED TO KNOW
Telegram's Crypto Upgrade
  1. πŸ“² Telegram Launches App Store, Browser with Native Crypto Support. The messaging app expands its in-app utility with TON support in mind.
    Read more on Bankless.com
  2. πŸ‘¨β€βš–οΈ Do Kwon Set for Extradition to South Korea. The Terraform Labs founder's never-ending legal saga appears to be nearing an end.
    Read more on Bankless.com
  3. πŸ”΅ Coinbase Q2 Earnings Show Revenues Surge. Coinbase beats revenue expectations but falls short on earnings per share.
    Read more on Bankless.com

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MARKET VIBES
Bitcoin Whipsaws

πŸ“Έ Daily Market Snapshot: After kissing $70K Monday, Bitcoin has been caught in a storm of volatility. Some are attributing the move to the unraveling of the 'Trump Trade' as Polymarket traders now give Harris a 45% chance of winning the presidency, up 16 points since she became the de facto candidate less than two weeks ago.

Prices as of 6pm ET 24hr 7d
Crypto $2.31T β†˜1.7% β†˜1.7%
BTC $65,066 β†—0.1% β†˜1.5%
ETH $3,181 β†˜1.8% β†˜0.1%
PAXG $2,429 β†˜0.4% β†—2.7%

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New Token Rating: Bitcoin has underperformed gold since the day it last hit all-time highs. Could Paxos tokenized gold (PAXG) be a prudent diversifier for your onchain portfolio?
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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 100 other crypto protocols in Airdrop Hunter waiting for you.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.