In the midst of widespread stagnation in the altcoin market, cryptocurrency distributions remain a popular way to diversify investment portfolios. They allow easy entry into promising projects and do not require significant initial capital.
With the start of the second week of July, several projects announced developments related to airdrops. Below is a list of projects with significant financial backing that are worth considering for airdrop opportunities this week.
Backpack
"Backpack," a blockchain service project, is the first opportunity for airdropping cryptocurrencies this week. The project funding reaches $37 million, supported by investors including Delphi Ventures and Multicoin Capital.
Jump Crypto led the second-level fundraising campaign, with participation from Robot Ventures, Amber Group, and Wintermute. On July 3, Backpack announced the launch of the second season of its Points Farming project, encouraging participants to continue trading on the exchange to increase their trading volume. In return, users receive donations from the project.
This season continues until September 11, and the promotional campaign for the Backpack Exchange platform will reward users with free tokens for their trading activity. The project operates on the Solana network. To participate, users must register on the platform, complete the Know Your Customer (KYC) process, and trade assets (excluding USDT/USDC pairs) to earn points based on trading volume.
Larger quantities increase potential rewards, including rewards of the original Backpack token or other ecosystem tokens like Mad Lads NFTs. Quoting internal communications, Mad Jack, one of the airdrop farmers, stated that the launch of the Backpack token will be distributed as a reward for trading activities, such as earning referrals, generating trading volume, and holding positions, among other criteria.
"A large range, of course, but I think it's safe to speculate that we're talking about a nine-figure or more airdrop," Jack stated.
It is worth noting that the data on Cryptorank.io shows a confirmed status for the Backpack airdrop collection, which is valid until September 11.
D3
Among other cryptocurrency airdrops worth following, we find D3, a blockchain service that raised $30 million. Although it is still in the potential airdrop phase, it enjoys strong support from investors like Paradigm, which led the outstanding fundraising efforts.
Among other participants in this phase are Coinbase Ventures and Sandeep Nailwal. Part of the funding comes from the $25 million raised in January. The project rewards users for domain mining on four networks: ApeChain, Core, Shiba, and Viction.
It is worth noting that airdrop farmers are spending some money on this activity. However, this grants them status among early users, which may qualify them for future airdrops from the project. Funding is used to develop the infrastructure to support the registration and trading of web domains using blockchain technology.
In addition to domain mining, which has no specific deadline, D3 also plays a role in Nods, which opened on July 2, and the Doma test network, which started on June 24. To farm the potential airdrop for D3, visit the D3 website, connect a supported wallet, verify your email, and create a domain, which costs around $10 on networks like ApeChain, Core, Shiba, or Viction.
Camp Network
Camp Network is also listed among the top three airdrop distributions for cryptocurrencies for the second week of July. This network announced the start of the second phase of its incentivized testnet a few days ago, with the addition of new tasks.
In one of the discussions, Camp Network clarified that the second phase will see broad engagement from developers working in intellectual property on-chain, gaming, social networking, decentralized finance, and more. It will also work on remixing iconic intellectual property, experiencing collaborative creativity, and pushing the boundaries of possibilities when fans, creators, and AI collaborate in building. In the meantime, work is underway on the third phase of Camp Network.
In addition to D3 and Backpack, Camp Network rewards early users for their interaction with the Layer 1 (L1) blockchain, which focuses on AI-enhanced intellectual property management. Participation requires visiting the Camp Network testnet, connecting an EVM wallet, and completing tasks such as interacting on social media, daily check-ins, and creating limited-edge NFTs.
Users also earn Acorns and Matchsticks, which can be converted into CAMP tokens after the token generation event (TGE). The project funding reaches $29 million, with Blockchain Capital leading at the first level.
The second phase saw participation from 1kx, Maven 11 Capital, and OKX Ventures leading fundraising efforts. However, airdrop investors are always advised to conduct thorough research and follow the official channels of the project for direct information.