Wen Airdrop?

In the crypto space, “wen airdrop” is common question. In this article we’ll explain how airdrop mechanisms might work and why projects decide to giveaway a part of their Tokens or NFTs. We will also dive in what you need to do to be eligible for airdrops on Secret Network) and examples of upcoming and past airdrops.

Airdrop mechanisms and their use case

Airdrops are a common mechanism used by various Cosmos and non-cosmos based chains and applications to bootstrap a community for their new project. They often reward early adopters of the underlying technology and ecosystem with some tokens of their project. Projects hope the new token holders stick around, use their products and spread the word about their experience.

Wen Airdrop?

How does the reward mechanism work?

The project dispersing the tokens often takes a snapshot (at a predetermined time) of the blockchain. This snapshot contains info on the staked balance of all addresses and their voting behavior. A project decides based on certain rules how much tokens each address should receive and releases an airdrop check + claim website at a later date. An airdrop is not always based on the total value of your stake, so called fairdrops might disperse exactly the same amount to all eligible addresses.

What can you do to participate in airdrops on Secret network:

Don’t stake with exchange validators

Stake outside of top 25 validators to enhance decentralization (recommended)

Stake with non-0% commission validators

Sometimes stake with specific validators for a bonus

Participate in testnets of your favorite project

Voting for governance proposals (Does not have to be YES)

Hold certain NFTs (Anon, Redacted Club, …)