Fantom Airdrops: What They Are and Why They Matter

• Airdrops are programs through which crypto projects reward their community and attract more users.
• Fantom is upgrading to the Sonic network and has announced plans to airdrop the new Sonic token to the community.

Fantom airdrops are ways through which the Fantom Network and the projects in its ecosystem reward their community and grow user adoption. They usually involve awarding free tokens to users or giving them certain privileges like special access to applications. Users can also be rewarded with valuable NFTs.

Like other crypto airdrops, Fantom airdrops are sought after because there is an opportunity to earn crypto with less effort or without purchasing the tokens.

Fantom is a layer-1 smart contract blockchain network. It has grown popular among crypto investors for the following reasons.

Running a transaction on the Fantom network costs pennies. Compared to many other networks where transaction fees are over 10 cents to a few dollars, Fantom Network is relatively cheap. Transactions on the network are also completed faster.

Fantom offers a platform for building efficient applications. Several top projects are building decentralized applications (Dapps) on the network. Fantom has also partnered with other reputable crypto projects to boost the project’s growth. Over 15 notable Dapps are deployed on the Fantom network.

Fantom and projects in its ecosystem offer users an opportunity to earn through regular rewards and promotional activities. Users can earn significant rewards by being active on the network. Rewards could be through high APR staking and yield farming, airdrops, and other community programs.

Fantom airdrops distribute tokens to eligible users. Depending on the method of distribution, users might need to connect their wallets to a claim website and redeem their airdrops. Some projects automatically send the tokens to users’ crypto wallets.

Interact with applications in the Fantom network like exchanges and NFT marketplaces.

Follow community events and point programs.

Stay active on Telegram and Discord communities to spot new opportunities

Contribute to project development through GitHub and the project’s documentation.

Build on the network by deploying DApps or launching smart contract tokens.

• Scam airdrops usually offer unrealistic promises to lure users.
• They could also imitate existing projects, so watch out for airdrop projects with the same name and similar websites to existing projects.
• Airdrop claim links from scam projects might also be phishing links

• Verify that a project is genuine before engaging in its airdrop.
• Do not click any link without double-checking.
• Wait for trusted sources to confirm an airdrop before visiting a claim website.

Several projects on the Fantom network have run successful airdrop events. Some notable Fantom airdrops include:

• SpiritSwap Airdrop : 

SpiritSwap is a decentralized exchange on the Fantom network. During its launch, the project distributed free tokens to active members of its discord community.

• SpookySwap airdrop : 

SpookySwap also distributed free tokens to its community. SpookySwap is a decentralized exchange on the Fantom blockchain.

• Fantom Sonic airdrop : 

As part of its upgrade to Sonic, Fantom will rebrand the $FTM token to $S. The project will also distribute over 190 Million $S tokens to its community members. People who are expected to qualify for the airdrop include users of decentralized applications on the network. 

The art of airdrop farming involves detecting crypto projects that will run an airdrop event and using them as early as possible. While this doesn’t always work, a few indications that a project will run an airdrop event in the future include:

Fundraisers without tokens: Projects that raised significant amounts from investors without selling a token are likely to have a token launch in the future and distribute some of them to early users.

The need for community governance: Projects that require community governance through a DAO (Decentralized Autonomous Organization) are also likely to launch tokens and distribute some of them for free to the community.

Point-based promotional programs: Several crypto projects award points to users for using their platform. Many of these projects go ahead to launch a token in the future and convert these points to tokens.

Airdrop projects often reveal the criteria for eligibility after the airdrop has been distributed. Oftentimes, people are not aware of the best ways to position themselves for a prospective airdrop. A generally recommended way is by interacting with the project.

For instance, the Fantom Sonic airdrop has been announced. Fantom hints that beneficiaries of the airdrop are those who interact with projects in the old Fantom network and the new Sonic Labs. Therefore, some recommended ways to participate in the Sonic airdrop include:

• Interacting with the project through the official airdrop dashboard at soniclabs.com/airdrop: You can earn points by playing the Sonic arcade and by referring other users
• Engaging with Applications on the Fantom Network such as PaintSwap, WigoSwap, and Spooky Swap. valid interactions include swapping crypto on the decentralized exchanges, trading NFTs on PaintSwap, and adding liquidity to the pools.
• When the Sonic network launches, interact with the network by bridging assets to the network and using applications in its ecosystem.
• Also, look out for promotional events by Sonic Labs and Fantom projects and participate as much as possible.

Genuine crypto airdrops are mostly rewarding. In some cases, beneficiaries earn over $1,000 from free token distributions. Fantom is a notable project in the crypto space, as past airdrops by projects on the network have been lucrative. Therefore, Fantom airdrops are potentially a great opportunity to earn free crypto from new and existing projects on the Fantom network. However, our CoinHint analysts would caution that sometimes these airdrop opportunities can seem too good to be true. This is especially the case for low-rated and scam projects. Airdrops by genuine Fantom projects are the ones to look out for. 

Everyone is excited about earning some free money through crypto airdrops, and many crypto enthusiasts are always actively searching for the next big opportunity. Fantom’s new network, Sonic, could be the next big airdrop project. With over 190M $S tokens set to be shared among users, many people could benefit from the airdrop. To ideally position yourself, a good strategy is to start interacting with the network. However, it is also important to watch out for possible scams and malicious links aimed at those wishing to claim airdrops. Always double-check the URL before visiting any website.