Analysts Eye 6 Projects for Hyperliquid-Style Airdrop Strategies

by

As a seasoned crypto investor with a knack for spotting promising projects, I find myself drawn to the recent surge of decentralized infrastructure projects offering generous airdrops. The success story of Hyperliquid has undeniably set a new standard for community engagement and token allocation, and I can’t help but keep my eyes peeled for the next big thing.

Farmers who participated in the airdrop continue to feel a sense of nostalgia after the debut of Hyperliquid. On its first day, the platform distributed 31% of its HYPE tokens to the community. Following the launch, the value of HYPE, its powering token, skyrocketed by an impressive 125%. This surge propelled the market capitalization of HYPE to a substantial $1.5 billion, and it shows no signs of slowing down.

Looking at the impressive growth of Hyperliquid – with a valuation surging over 514% since its launch and a current market capitalization over $4.2 billion – many are wondering which projects could mirror its success. By examining their token economics and community engagement strategies, let’s explore some potential candidates well-positioned to emulate Hyperliquid’s trajectory.

Grass

Initially, grass made headlines as it distributed one tenth of its overall token amount in its launch period via an airdrop on the Solana platform. Users could earn these tokens by providing computational resources and interacting with the network.

As a crypto investor, I’m excited about Grass’s vision for its second phase, where they’re setting aside 17% of their tokens for the community. This invitation to participate actively in building a decentralized map of the internet is truly inspiring. With over 2 million active users worldwide, Grass is undoubtedly making a significant impact as a trailblazer in the realm of decentralized infrastructure projects.

LayerZero

LayerZero functions as a cross-chain communication protocol, allowing blockchains to interact directly using lightweight, trustless data transfer. This technology is particularly favored by high-performing blockchain bridges, and 15% of its ZRO token supply was initially set aside for future incentive-based activities.

On July 19th, Bryan Pellegrino, head of the LayerZero Foundation, revealed that LayerZero’s users and developers will own approximately 23.8% of the total token allocation. As stated in an official announcement, any unclaimed tokens as of September 20 were reallocated to other holders.

Analysts advise frequent usage of LayerZero’s bridge services and active involvement in their Discord roles program, which holds back 5 million tokens for the community. By utilizing its bridge services, decentralized exchanges (DEXes), lending platforms, and staying informed through LayerZero’s social media, participants can boost their chances of receiving an airdrop.

Wormhole

As a crypto investor, I’ve found myself quite fortunate with my involvement in Wormhole, a multi-chain interoperability protocol. The early airdrop strategy they implemented turned out to be quite beneficial for active users like me. Although the project only sets aside 6% of its W tokens for community rewards, the emphasis on recognizing high-value transactions indicates there’s potential for growth as adoption increases. In other words, I see this as a promising opportunity for further returns.

As outlined in the Wormhole Tokenomics document, the project made available 11%, amounting to 1.1 billion Wormhole tokens (W), at the time of the Token Generation Event (TGE). The remaining 6% was scheduled for release four months post-TGE, adhering to the project’s token distribution plan.

The project unlocked the extra 6% reserved for the community and is pending distribution at any time. They have not announced anything, but bridging via Wormhole remains a positive play.

In a statement made by Wormhole, it was emphasized that the entire allocation of tokens from The Guardian would not become accessible during the Token Generation Event. Instead, these tokens will follow the predetermined Token Release Schedule.

Gradient Network

The Gradient Network, operating on Solana, aspires to amplify cloud computing capabilities. It achieves this by incorporating edge computing via a distributed network of devices that handle data processing tasks. Now, users have the opportunity to obtain rewards by installing the Gradient browser extension and establishing a node within the network.

Yuan Gao, formerly the Head of Growth at Helium Foundation, now spearheads this specific initiative. Notably, Gradient Network has garnered backing from investors such as Multicoin Capital, Pantera Capital, and Sequoia Capital.

In its initial development phase (Season 0), the Gradient Network emerges as a project similar to Solana, attracting individuals who may have missed out on Grass. While no details about token distribution have been disclosed yet, the early-stage actions of Gradient Network offer a promising investment opportunity for forward-thinking participants.

Arkham

Arkham has transitioned from providing blockchain services to constructing a perpetual exchange. Similar to Hyperliquid’s approach, it rewards users who trade and attract new participants by means of an airdrop. With a strong start, its second phase aims to replicate the influence of its initial distribution, where only 7% of the planned 37% community airdrop actually occurred.

Kinto

As a crypto investor, I find myself intrigued by Kinto, billed as the pioneering “Security Layer-2” that has piqued the interest of Binance Research. The Total Value Locked (TVL) in their Token Generation Event (TGE) is set at $100 million, a target that adds to its allure. Although their timeline is slightly later than other projects, the structured approach they’ve taken towards deposit-based rewards sets them apart and makes them a worthy contender for my investment portfolio.

These projects differ in how they distribute tokens and engage their communities, but they all share a common goal with Hyperliquid’s success model: decentralizing ownership and encouraging active participation. To reap the benefits offered by these projects, users should pay close attention to their updates, token economics, and participation requirements.

Read More

2024-12-04 11:24