Welcome to this post, where we are going to see how you can get airdrops from the Cosmos ecosystem, and maximize your options to get tokens for free.
Next, I leave you with a table so you can find all the information about each airdrop, how to check if your wallet is eligible for the airdrop, and now we will go into more details on how to get into most airdrops.
Maximize your possibilities
Before seeing the most common characteristics to receive the different airdrops, it is important to point out that the airdrops are not focused on making you rich, but as an incentive to use the platform or network that you received the airdrop, and to have more users.
Even so, it does not mean that you should not sell, but it is important to keep this in mind. Besides, some airdrops may seem like a small amount or little value in $ what you receive, but if the project grows, it becomes quite a significant amount that you have received for free. The osmosis token was given to the owners and stakeholders of Cosmos (ATOM) at the beginning of 2021, and if you look at the evolution graph you can imagine the big difference between selling just by receiving the airdrop or having kept it over time.
Regarding this, my recommendation is that you look at the project that you have received the airdrop and see if from your point of view it has potential to grow more, and based on this, make the decision to sell it or keep it for a while.
With this clarified, let’s see how to maximize your chances of receiving an airdrop. I recommend using the keplr wallet for the Cosmos ecosystem, if you don’t know how it works, I leave you a guide here.
The first and most common is to staking your ATOMs in a wallet, not in a centralized Exchange. Here, very important when staking, you must delegate your ATOM to validators that are not from centralized exchanges, such as binance or coinbase, since airdrops usually exclude this type of validators. In addition, avoid validators with 0% commission. Also, I recommend you to delegate to a validator that is not in the top 10, as some airdrops benefit those who delegate to validators outside the top 10.
My recommendation is if you want to, spread your ATOMs over 2 or 3 validators with the commented characteristics. The main reason for these commented aspects, is that centralized Exchanges do not contribute to develop the cosmos ecosystem, and by delegating your tokens to them you give them more voting power. Regarding the 0%, it is because they create unfair competition, as they are not charging anything and the validators have costs to do so, which makes that to compete with these validators, you must lose money. Therefore, airdrops avoids this type of validators with 0%. The last aspect of outside the top 10, is to incentivize the distribution of ATOMs to more validators and thus incentivize the development of the ecosystem.
Also, in some occasions, some airdrops go to people who delegate their tokens to a specific validator. Since many platforms or networks of the Cosmos ecosystem are also validators. Some examples we have been able to see are the GAME validator, or in Osmosis OmniFlix. Note that these validators will most likely not do airdrops anymore.
To know this kind of airdrops from validators, you really have to keep an eye on twitter or some page that indicate this kind of information and delegate your tokens to that validator. But actually this type of airdrop is less frequent and involves more time to find this kind of information.
The second and third, is to do staking of Osmosis, and Juno. Being more likely airdrops for Osmosis stakears, but in Juno also when new platforms are released in their network, there is usually an airdrop for these users. The good part of staking Juno is that there are fewer users as it is a cryptocurrency with less market capitalization, and it is possible to receive a larger amount in an airdrop than in ATOM or Osmosis. What was commented above about validators, also applies in these two networks.
The fourth one is to provide liquidity in Osmosis to the most popular pairs. This is usually ATOM/OSMO and UST/OSMO among others. This is interesting, as there are not so many users as it can be in ATOM staking, and help the ecosystem to provide liquidity, so it is very common that airdrops go to users who provide liquidity in Osmosis. If you do any more uncommon pair farming, you probably won’t get the airdrop.
Finally, it is using the platform or network that there is going to be an airdrop. Although this is a bit more active and you should be aware of new platforms or networks, which often for people who use them in their beta phase, receive an airdrop.
These are the most common and easy to meet criteria that we have seen in recent airdrops, although it is possible that in the future they may change. I hope it has helped you to know how airdrops work in Cosmos, and remember that, if you don’t have an account with binance, you can create one just below.