We are in the season of airdrops and community rewards all over crypto, with projects trying to boost engagement. This is your comprehensive guide to the newest gold mine in crypto airdrops.
What are tokenless projects?
As simple as the question might be, not everyone understands what a tokenless project is and why they actually exist.
Crypto projects rely on tokens to create monetary utility (value for engagement), but in this case, a tokenless project already has value utility (value created by its use).
In simple terms, tokenless projects are projects that already provide decentralised value through their use.
Why are airdrops on tokenless projects?
From the basics, airdrops are to reward participants for continued engagement and loyalty. However, tokenless projects have them as incentives to increase adoption from users.
This means the rewards on these projects are quite more frequent and highly rewarding, hence the potential to create sizeable wealth.
How to find airdrops from tokenless projects.
In this section, we shall briefly break down the opportunities from these projects, but read our detailed articles on each sector for a deep dive:
Testnet projects
these projects are still under development and experimentation. Testnets allow developers to identify and fix bugs, test new features, and ensure the reliability and security of their applications without risking real assets or disrupting the main blockchain network.
Mainnet projects
these are projects that have successfully launched a fully operational version of their blockchain network. These projects have transitioned from the development and testing phases to the live network where transactions are executed, tokens are transferred, and smart contracts are deployed. They signify the readiness of the network for real-world use and adoption.
Conclusion.
In our next articles, we break down the different tokenless projects that make headlines in this airdrop season. Stay tuned, join us at Crypto University for up-to-date and reliable information of what is happening in crypto today.