As of May 1, 2025, at 01:55 PM IST, airdrops remain a popular way to earn free crypto while engaging with promising projects. With the crypto market cap at $2.97 trillion and Bitcoin trading at $95,000, new airdrop opportunities are emerging daily. Here’s a fresh, step-by-step guide for Binance Square users to participate in airdrops and maximize rewards.


Step-by-Step Guide to Airdrops

  • Step 1: Stay Informed on Binance Square
    Follow Binance Square for the latest airdrop announcements. Recent posts highlight events like the Nodepay airdrop, distributing 1.5 billion NP tokens in December 2024, with an initial token value of $0.002 to $0.008.

  • Step 2: Set Up Your Binance Wallet
    Ensure your Binance Wallet is ready with the revamped features from December 2024, which include unified asset management across networks. This makes it easier to participate in airdrops like Binance’s $5M Airdrop Carnival, running until February 28, 2025.

  • Step 3: Join Airdrop Campaigns
    Look for campaigns from projects like Phantom Wallet, which announced a potential airdrop on April 12. To participate, update your app, create a username, and gain followers to boost your allocation.

  • Step 4: Complete Required Tasks
    For example, the Athene Network (ATH) airdrop requires downloading their app, registering with an invite code (e.g., 13c72a2dddda for 5 free $ATH), and activating daily mining to earn 24 $ATH daily. Tokens will be distributed post-mainnet launch in Q2 2024.

  • Step 5: Verify and Claim Rewards
    After completing tasks, monitor official Binance channels for token distribution updates. For instance, Binance distributed $2.64 billion in launchpool airdrops in 2024, accounting for 94% of all centralized exchange rewards, ensuring timely payouts for users.


Critical Perspective

While airdrops offer free tokens, they’re not without risks. Recent reports on April 30 noted scammers targeting legitimate project communities with fake Telegram bots like OfficiaISafeguardRobot, using social engineering tactics. Always verify sources and avoid sharing wallet details or executing suspicious code. Additionally, the decline in average airdrop value per project in 2024, alongside issues like unclaimed rewards, suggests projects must focus on sustainable engagement rather than short-term hype.


Why It Matters for Binance Users

Binance users can leverage the platform’s extensive airdrop ecosystem, from Launchpool rewards to campaigns like the $5M Airdrop Carnival, to earn tokens from top Web3 projects like Bitlayer Labs and Orderly Network. With Binance leading the space, handling 94% of 2024’s launchpool rewards, users have a prime opportunity to grow their portfolios. Stay vigilant, follow official updates, and dive into #AirdropStepByStep unlocking crypto rewards!