Three cryptocurrency distribution events happening in the first week of May
Crypto Enthusiasts Gear Up for Exciting Airdrops in the Coming Week
Get ready for a wave of activities in the crypto world as we head into the first week of May. With numerous events lined up, investors and traders should brace themselves for increased volatility. But fear not! Crypto airdrops present a unique opportunity to jumpstart your journey with promising projects, starting with little to no investment. Here are three intriguing airdrops to keep an eye on.
Miden: the Game Changer Backed by Major Players
Boasting a whopping $25 million in funding, Miden is worth a serious look. With star investors like Andreessen Horowitz (a16z), 1kx, Hack VC, and Symbolic Capital backing this project, it promises a breath of fresh air in the crypto scene.
"We're thrilled to announce our $25 million seed fundraise and spinout from Polygon," Miden recently revealed.
Miden is a ZK-rollup L2 blockchain built on Ethereum, developed from Polygon Labs. It stands out with its capability to execute private and scalable smart contracts. Miden plans to airdrop 10% of its native tokens to Polygon (POL) stakers, aiming to reward the Polygon ecosystem and encourage participation in Miden's zero-knowledge-powered network.
By shifting execution to client devices, Miden enhances privacy and scalability. Polygon executive Sandeep Nailwal shared, "...Miden can support potentially infinite TPS by supporting client-side proving. It also supports opt-in privacy."
The airdrop ties in with Miden's integration into Polygon's AggLayer, boosting cross-chain liquidity. Snapshots for eligibility began shortly after the announcement on April 29, and the mainnet launch is scheduled for Q4 2025.
In the interim, Miden is already planning a testnet, and airdrop farmers can perform the initial activities to have a chance at becoming early users.
Camp Network: A Fresh Take on Intellectual Property Management
Another airdrop to watch out for is on the Camp Network, which raised up to $29 million. Notable investors such as Blockchain Capital, OKX Ventures, HTX Ventures, 1kx, Maven 11 Capital, and others have backed this project.
Camp Network is a Layer-1 blockchain focusing on intellectual property management and AI agent integration. It launched an incentivized testnet, allowing users to participate by completing simple social tasks for points-named Acorns.
Camp Network shared, "[Freaky incentivized testnet update engage with our big steaming hot network of ecosystem partners to climb the leaderboard and win succulent rewards]". Points earned will be converted into project tokens in the future. Users can earn points by daily check-ins, social media engagement, and interacting with the ecosystem via the testnet faucet.
Mezo: Empowering Bitcoin Transactions
Mezo is the third airdrop to monitor during the first week of May, having raised up to $28.5 million. Prominent backers include Pantera Capital, Multicoin Capital, Ledger, Mantle Network, GSR, Hack VC, and Bybit Exchange.
Mezo is a Layer-2 network focused on enhancing Bitcoin’s utility by enabling borrowing, spending, and earning without selling BTC. It recently launched a campaign on Galxe where airdrop farmers can complete quests for points.
"Join forces with Galxe, so you can earn mats and more-alongside our partners ZeroLend, Velar, Blend, and Pamp Land," Mezo Network announced.
After completing all the quests, participants can grab the Galxe Questooor role, with many tasks available for free, while others may require you to borrow MUSD. The Mezo airdrop began on April 24 and will remain open until May 27, 2025.
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Stay informed, meet eligibility criteria, perform required tasks, and keep an eye out for snapshot dates to dive into exciting crypto airdrops. Remember to always engage in secure methods to protect yourself from potential scams.
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[1] https://www.cryptofunds.co/miden-raises-25-million-to-build-zk-rollup-l2-blockchain-847620487.html[2] https://coinmarketcap.com/alexandria/article/miden-zksync-2-0-integrated-into-the-polygon-ecosystem[3] https://www.coinspeaker.com/miden- Luxembourg-Based-ZK-Rollup-Project-Raises-25M-In-Seed-Funding/[4] https://medium.com/@midenfoundation/announcing-our-25m-seed-fundraise-and-spinout-from-polygon-16de2e9be3f
- Miden, a ZK-rollup L2 blockchain built on Ethereum, plans to airdrop 10% of its native tokens to Polygon (POL) stakers.
- Star investors like Andreessen Horowitz (a1kx, Hack VC, and Symbolic Capital are backing the promising project Miden.
- Miden stands out with its capability to execute private and scalable smart contracts.
- The airdrop is intended to reward the Polygon ecosystem and encourage participation in Miden's zero-knowledge-powered network.
- The airdrop ties in with Miden's integration into Polygon's AggLayer, boosting cross-chain liquidity.
- The Camp Network, focusing on intellectual property management and AI agent integration, is launching an incentivized testnet for users to participate, converting points earned into project tokens in the future.
- Mezo, a Layer-2 network focused on enhancing Bitcoin’s utility, is offering airdrops for participants who complete quests on the Galxe platform.
- Prominent backers of Mezo include Pantera Capital, Multicoin Capital, Ledger, Mantle Network, GSR, Hack VC, and Bybit Exchange.
- Camp Network allows users to participate by completing simple social tasks for Acorn points.
- In the coming week, crypto enthusiasts should stay informed, meet eligibility criteria, perform required tasks, and keep an eye out for snapshot dates to dive into exciting crypto airdrops, while securing their investments safely.
