Farming Airdrops On Solana: A Definitive Guide To Earn Free Crypto

Last updated on December 9th, 2024 at 10:27 am

 Introduction 

Want free crypto? Learn how farming airdrops on Solana can make you rich!

If you’re someone who loves crypto and wants to use the Solana blockchain to earn decent crypto for free Or maybe you’re always looking for ways to get free cryptocurrency. This guide is for you!

In this article, I will explain in simple terms how to hunt for airdrops on the Solana network. Airdrops are a way to get free cryptocurrency just for completing some easy tasks. By the end, you’ll know all the tips and tricks to maximize your airdrop earnings on Solana.

You won’t just learn how to farm Solana airdrops but you learn how to get upcoming promising airdrops on the Solana ecosystem.

Whether you’re an expert in farming Solana airdrops or you’re totally new to crypto, keep reading to learn about this exciting opportunity to grow your portfolio for free. I’ll go step-by-step so even complete beginners can follow along.

What are Solana Airdrops?

An airdrop in the crypto world means when a project gives away some of its tokens or coins for free. The team does this to get more people to use and hold their cryptocurrency.

On the Solana blockchain, airdrops are very common. New projects will launch and airdrop free tokens to anyone who completes certain tasks. This allows them to quickly build up a community of users and holders for their coin.

The tasks to get a Solana airdrop are usually pretty easy. You might just need to:

• Join their Discord chat 
• Follow them on Twitter
• Share some posts on social media
• Hold a tiny amount of their token (like $5 worth)

After doing those simple steps, the project will airdrop you a bunch of their brand-new tokens for free. The amount can vary a lot, from $5 to $500 or more depending on the teams’ allocation system usually contained in their whitepaper.

The big benefit is getting that free cryptocurrency just for doing small tasks. But airdrops also let you discover new projects early before they become popular. If you get in an airdrop for a valuable project, those free tokens could be worth a whole lot in the future. 

History of Solana Airdrops

The Solana ecosystem or blockchain has witnessed exponential growth since its launch. A lot of new crypto projects will give away some of their coins or tokens for free. They do airdrops to get more people interested and using their project. It’s a marketing strategy.

Airdrops have become a really big deal for Solana. Tons of exciting new projects use them to quickly grow their community by rewarding early supporters with free tokens.

Now, you understand what airdrops and what Solana airdrops, the big question is;

What is Solana Airdrop Farming?

Solana airdrop farming is simply the process of actively participating in the Solana ecosystem to become eligible for airdrops, which are free tokens or coins distributed by blockchain projects to their community members. Like I earlier said, airdrops are often used as a marketing strategy to promote new projects and attract users.

To farm Solana airdrops, you typically need to engage with various decentralized applications (DApps) built on the Solana blockchain. This engagement can include staking, lending, borrowing, or using the apps for their intended purposes. For example, you might need to trade NFTs on a specific platform, lend or borrow cryptocurrencies, or simply hold and stake SOL tokens.

Platforms To Farm Solana Airdrops

1. Farmbase Pro is a platform that automates the process of receiving Solana airdrops. You can start using it by following the instructions on their website. So, if you want an automated way of farming Solana Airdrops, consider using Farmbase Pro. You won’t have to manually farm, simply stake and set up your farming duration and start earning.
2. Phantom is a wallet that allows you to trade Solana coins and tokens, including airdrops. You can access airdrops through their browser extension or mobile app.
3. Jupiter Exchange is a decentralized exchange on the Solana blockchain that offers a unique trading experience. They have an airdrop program where they distribute a portion of their $JUP tokens across multiple rounds.
4. Parcl is a real estate platform on Solana that rewards liquidity providers with points. These points determine which users receive airdrops. You can earn points by providing liquidity, trading, and referring others.
5. Marinade Finance is a platform that makes it easier to stake your $SOL tokens on Solana. By using their mSOL tokens on supported protocols, you may qualify for airdrops. Marinade Finance has announced a new rewards program called “Earn Season 2,” which includes the possibility of future airdrops. Don’t sleep on this, start farming Solana airdrops.

Note: Using these DApps to farm Solana Airdrops will cost you some gas fees usually in cents, you need to have SOL to be able to pay these fees which are used to pay miners on the Solana network.

5 Most Successful and Valuable Solana Airdrops That Have Happened So Far

1. Bonk: They gave away 50% of their total tokens through an airdrop late 2022.

2. Jupiter: This Solana swap site airdropped 4 billion JUP tokens.

3. Orca: is another Solana swap site that did an airdrop in 2021.

4. Pyth Network: Pyth Network, an innovative oracle solution, airdropped 600 million $PYTH tokens, representing 6% of the total supply, to reward active dApps, DeFi participants, and committed community members

5. Jito: is another project that offers airdrops for staking your SOL tokens with their platform.

These are just some of the biggest examples. 

How To Farm Airdrops on Solana 

Step 1: Finding Solana Airdrops:

The first step is finding out about upcoming Solana airdrops. The best places to look are dedicated airdrop websites like airdrops.io and airdropbob.com. These sites list all the latest and upcoming crypto airdrops, including on Solana.

Moreover, Binance launch pool is one of the places to get airdrops by simply staking your BNB but it’s not basically for Solana airdrops. Binance also airdrop Solana projects that comes to its table. So, take advantage of it to get some Solana airdrops.

The only downside of using Binance launch pool is that you get just little of the airdrop allocation prior to exchange listing and you must have BNB staked to qualify and the higher your stake, the higher your airdrop.

You might consider using the platforms to farm Solana airdrops I mentioned above to farm upcoming airdrops by stake, lending or even providing liquidity.

You can also follow popular Solana airdrop channels on Twitter(now X) like @SolanaAirdrops and @SolAirdropAlert. The projects themselves will often tweet about their upcoming airdrops too.

Discord is another great place to discover airdrops early. Join popular Solana Discord servers and look for the airdrops-announcements channel. There are also tools like Apytool that can help track new airdrops.

Step2: Wallet Setup:  

To claim Solana airdrops, you need to have a secure crypto wallet that works with the Solana blockchain. The two most popular options are Phantom and Solflare wallets. Phantom is by far the best wallet for Solana airdrops. It’s highly secured compared to other wallets.

To set up a new “Phantom wallet” is straightforward. 

1. Just go to Phantom
2. Click “Download for Chrome.” 

3. Click on “Create a wallet or “Import” an existing wallet.
4. It will walk you through a few simple steps like storing your secret recovery phrase safely.

Be sure to pick a wallet that lets you see your Solana address and import other tokens since airdrops will send tokens to that address.

Step 3: Participate in The Solana Airdrops You’ve Found

Once you find an airdrop you want to join, you’ll need to complete the specific entry requirements. Common tasks requirement to complete include:

• Holding a minimum amount of the project’s token (like 0.1 SOL)
• Joining their Discord server 
• Following the project’s Twitter 
• Retweeting their pinned post
• Completing a task on their website or app

The project’s Twitter or website will have full details on what tasks to do. Just follow the steps carefully and provide your Solana wallet address when prompted.

After completing the tasks, be patient – it can take several weeks for the airdropped tokens to show up in your wallet.

I was able to receive $100 worth of 1SOL when it was released.

Always do your research on any project before providing information or funds. Watch out for fake airdrops asking for private keys or large payments. If something seems suspicious, it’s best to simply avoid that airdrop.

Step4: Wait For Airdrop Distribution

The duration to get the airdrop depends on the teams’ allocation decision. You just need to patient and be on the look out for distribution announcements.

How To Claim Your Solana Airdrop After Participating In Them

1. Check Airdrop Status: First, you’ll want to check if the airdrop has taken place yet. The project will be announced on Twitter or Discord when the tokens have been distributed to qualifying wallets. Sometimes airdrops can be delayed, so be patient

2. Add Airdrop Token to Your Wallet: When the airdrop is live, you’ll need to manually add the new token to your Solana wallet to see your balance. 

In Phantom Wallet for example:

• Click “Import Token“.
• Select “Solana network”.
• Enter the token address provided by the project.
• Confirm adding the token.

3. Verify You Received Tokens:

Once added, you should now see the airdropped tokens showing in your wallet balance double-check check you have received the expected amount based on the project’s criteria.

If you don’t see any balance, make sure you complete all tasks properly using that wallet address. Check the project’s socials for any updates.

4. Check Token Info

Before claiming, take a moment to look up information about the airdropped token. Research its price, total supply, and if it is listed on DEXs like Raydium. Knowing basic details prevents surprises.

5. Claim Tokens to a DEX

To access your airdropped tokens, you’ll need to withdraw or “claim” them from the project’s distribution address to a DEX like Raydium. 

This process varies by token, but generally:

• Connect your wallet to the “DEX”
• Find the “Claim” function for that token. 
• Confirm the claim transaction.

6. Trade or Transfer Tokens

Once claimed to the DEX, you can now trade the airdropped tokens for other currencies, provide liquidity, or transfer them out to a secure wallet or exchange wallet. I like to hold promising tokens for a while before selling. Also read Solana DEX – These Three(3) Best Solana Dexs Simplify Trades in 2024 to learn more about Solana DEX.

And that’s it! The hardest part is being patient for the distribution and double-checking that you followed all requirements correctly.

A patient dog they say eats the fatest bone 

Advanced Airdrop Farming Strategies 

To embark on advanced airdrop farming, these strategies must be put in place to maximize your earnings from Solana airdrops:

1. Multiple Wallets

Many airdrop hunters use multiple Solana wallets to claim the same airdrop repeatedly. Projects usually limit only 1 airdrop per wallet address. By creating additional wallets, you can earn the airdrop several times over with a bit more effort.

2. Protocol Participation  

You should know certain airdrops reward you for actually using and supporting their product. You may earn bonus tokens for providing liquidity, voting in governance, or paying transaction fees. This shows your commitment to the project.

3. Liquidity Providing

A common airdrop requirement is to deposit the project’s tokens into a liquidity pool on a DEX like Raydium. The more you stake, the larger your airdrop reward can be. Just be aware of the risk of impermanent loss.

4. Governance & Staking

Actively participating in a project’s governance voting or staking their tokens is another way to boost your airdrop earnings. The most engaged supporters get the biggest rewards.

While it requires more work, these strategies allow skilled airdrop farmers to multiply their profits from each drop.

Have you heard of “Automatic” Airdrop Farming?

You may see some websites or tools promising “automatic” airdrop farming, one of those platforms is Farmbase, they handle everything for you. While tempting, these are very high-risk. The operators could easily take your funds or compromise your wallets. Most experts avoid auto-farming tools.

Note: Avoid auto-farming if you are new to farming on Solana. 

10 Upcoming Solana Airdrops To Watch Out From April 2024

1. Wormhole: This project helps move crypto between different blockchains. They are giving away a lot of their tokens to users who provide liquidity.

2. Zeus Network: A new platform for launching crypto projects. They will airdrop $ZEUS tokens through their partner Jupiter.  

3. Kamino Finance: A Solana money app giving $KMNO tokens to active users.

4. Tensor: Focused on NFTs (digital collectibles) on Solana. Users can earn $TNSR governance tokens.

5. Parcl: Bringing real-world assets like cars or houses onto Solana with their token called $PRCL. 

6. Drift Protocol: This trading platform may airdrop tokens when they launch their new project soon.

7. Zeta Markets: Trade derivatives (complex financial assets) on Solana and receive $Z tokens.

8. io.net: This AI company is doing a massive airdrop of their $IO tokens to Solana users.

9. Meteora: Helping to make Solana a great place for crypto trading by rewarding stakes. 

10. Blazestake: A platform to earn rewards for staking (holding) your $SOL tokens. They give out $bSOL tokens.

The Best Platforms To Stake SOL and Farm upcoming Solana Airdrops

If you want to continuously receive upcoming Solana airdrops, you need to stake your SOL tokens on one of the Solana DeFi (decentralized finance) protocols. These protocols include:

• Marinade Finance: This platform allows you to stake your SOL tokens and receive mSOL tokens in return. You can use mSOL on other DeFi protocols, and staking with Marinade Finance may increase your chances of qualifying for future airdrops.
• Parcl: Parcl is a real estate platform that rewards liquidity providers with points. These points can determine whether you receive airdrops. You can earn points by providing liquidity, trading, or referring others.
• Marginfi: This lending platform offers points for lending your SOL tokens. These points may be used to determine who receives airdrops.
• Kamino:  Kamino is a DeFi platform offering services like borrowing and lending.
• Drift Trade: This decentralized exchange has a referral program. Participating in the referral program could increase your chances of receiving future airdrops.
• SolBlaze: This staking platform has a referral program. Participating in the referral program might increase your chances of receiving future airdrops.
• Meteora: This DeFi platform offers services like borrowing and lending. Participating in these activities might make you eligible for future airdrops.
• Dflow: This is a Decentralized finance on Solana platform also offering services like borrowing and lending. Participating in these activities might make you eligible for future airdrops.

How to Use a Solana Airdrop Checker

On the Solana blockchain, crypto projects will sometimes give away free tokens through things called “airdrops.” But how do you know which airdrops you qualify for?

That’s where airdrop checker tools come in handy. An airdrop checker is like a little website or app that can scan your Solana crypto wallet. It checks if you meet the requirements to receive any of the free token giveaways happening.

To use an airdrop checker, you just need to connect your Solana wallet (like Phantom) or enter your wallet address. The tool will then look at your wallet and make a list of all the airdrops you’re eligible for right now.

If the checker finds any opportunities, it will show you all the details; which projects are doing airdrops, how many free tokens you can claim, and what you need to do to get them.

Airdrop checkers are super useful for Solana fans because they let you easily discover free crypto you may have missed otherwise. You can quickly see all the newest airdrop events in one place.

The checkers help you stay up-to-date on all the ways to grow your Solana portfolio for free, instead of accidentally overlooking valuable token drops. It’s a handy tool for any Solana user!

Here are the best  5 Solana airdrop checkers to use:

1. Solana Airdrop Checker: 

This platform allows users to check their eligibility for various Solana-based airdrops. Users can connect their wallets to the website and verify if they qualify for any ongoing or upcoming airdrops.

2. Solworks: 

The Solworks platform offers a convenient way to check your eligibility for Solana and Ethereum Virtual Machine (EVM) based airdrops. The best part is you don’t even need to connect your crypto wallet to use this tool. Simply enter your wallet address, and Solworks will scan the blockchains to show you which current airdrops you qualify for. This allows you to easily discover new airdrop opportunities while keeping your funds completely secure since you never have to expose your private keys or seed phrases. It’s a user-friendly, trustless way to stay on top of airdrop farming possibilities.

3. Airdrops.io:

Airdrop.io is a valuable resource for Solana users looking to earn free cryptocurrency. The website provides details on all the active airdrops happening on the Solana blockchain at any given time. In addition to listing the opportunities, they also offer step-by-step guides explaining how to properly claim the airdropped SOL tokens and other assets. By frequently checking Airdrop.io, you can ensure you never miss out on a lucrative airdrop within the expanding Solana ecosystem. It’s a one-stop shop to discover new airdrops and learn the qualifying steps to receive token rewards.

Steps To use a Solana airdrop checker

1. First, you’ll need to visit the website or app for the specific airdrop tracking tool you want to use. Some popular ones are SolDrops, AirdropAlly, and AirdropRadar.

2. Connect Your Wallet (If Needed), Some checkers will ask you to safely connect your Solana wallet, like Phantom or Solflare. This allows it to directly view your wallet and see which airdrops you qualify for.

3. Enter wallet address If you don’t want to connect your wallet, no problem! Most checkers let you just type in your Solana wallet address to scan for airdrops instead.

4. Once your wallet is linked or entered, the checker will show you a list of all the current Solana airdrop campaigns you’re eligible to participate in based on the requirements, this is an avenue to check for the next available opportunity.

5. The best airdrop checkers will also notify you about newly announced airdrops before they happen. Turn on notifications so you never miss the chance to earn free crypto! It’s best to stay updated. 

Is Airdrop Farming on Solana Worth It?

I can guess what’s going on in your mind at this point, You might be thinking “This all sounds great” but is the time and effort of airdrop farming on Solana worth it? 

Like most things in crypto, there are both benefits and risks to consider.

On the good side, I would say airdrop farming can be an amazing way to earn free cryptocurrency just for completing some simple tasks. The potential rewards are huge if you get in early on an airdrop for a project that takes off. I’ve personally made over $5,000 from a handful of well-timed Solana airdrops.

However, it does require an ongoing time commitment. You’ll need to constantly monitor for new airdrop opportunities, complete the qualifying tasks, and keep track of your earnings. For some, this can start to feel like an unpaid part-time job.

There are also risks around the legitimacy of airdrop projects. While most are well-intentioned, there are unfortunately bad actors trying to scam users. You have to be diligent about researching every airdrop before providing any information or funds.

Additionally, the nature of airdrops means you’re earning highly speculative assets. Even if a project seems promising, there’s no guarantee those free tokens will ever be worth anything once listed on exchanges, As I write, I still have some airdrops gotten over 3years and they worth nothing at the moment. The market can be extremely volatile and brutal.

My Candid Advice?

Airdrop farming can certainly be worth your time if approached the right way from research. Never put more time/money into airdrops than you can afford to lose. Stick to well-known, vetted projects. And be prepared for the possibility that some of your airdrop earnings may amount to nothing.

It’s also important to understand the potential tax implications. Generally, any airdropped cryptocurrency counts as income that may be taxable upon receipt. I’d recommend consulting a tax professional, especially if airdrop farming becomes a significant income source, especially in certain advanced countries like the US

Conclusion 

I have been able to discuss everything you need to know about farming airdrops on the Solana blockchain. I covered finding airdrop opportunities, setting up a secure wallet, claiming your rewards, and advanced strategies for maximizing profits.

To quickly recap the key points:

• Solana airdrops allow you to earn free crypto just for simple tasks.
• Use tools like Twitter, Discord, and airdrop-tracking websites to discover new opportunities.
• Always do your research on projects before providing any funds or data.
• Consider using multiple wallets and providing liquidity for bigger rewards.
• But also understand the risks around speculative assets and potential scams.

Airdrop farming can be an amazing way for crypto enthusiasts to grow their portfolios. But it requires diligent effort to find one that won’t waste your time and effort without paying.

If you found this guide valuable, be sure to subscribe to my newsletter for more beginner-friendly crypto tips and tricks. And please share this article on social media or with the Solana community to help spread the word.

Want to start airdrop farming on Solana today? Go set up that wallet and join some project Discords! The keys to earning free Solana airdrops are taking action and staying informed. Check out the Top 7 Crypto Exchanges for Beginners in 2024 where you can trade your airdrops for fiat(local currency) when you receive it.

Let’s get that free crypto! Drop any other questions in the comments below.

Frequently Asked Questions (FAQ)