Movement, Nexus Labs, and More This Week

Crypto airdrops farmers have ten valuable opportunities to receive free cryptocurrency tokens from projects backed by renowned investors.

These airdrops distribute free tokens to attract new users and expand communities. For crypto enthusiasts, the following airdrops present a chance to earn new tokens and engage with emerging projects.

Movement Network

Movement secured $41.40 million in a funding round co-led by Polychain Capital, Borderless Capital, Blizzard Fund, and dao5, with additional participation from Binance Labs.

While the MOVE network currently has no active tasks, users can claim their MoveDrop by connecting their EVM wallet used during registration. This initiative highlights the growing trend of incentivized participation in decentralized ecosystems.

“Someone farmed 36 wallets for Movement & got 90,000+. MOVE airdrop currently worth around $66,000,” said Tobi, an airdrop farmer.

MOVE airdrop was launched earlier today, on December 9, on Binance’s airdrop portal. The token also secured listings on South Korean exchanges Upbit and Bithumb. 

Nexus Labs

Nexus Labs aims to create a “Verifiable Internet” by leveraging the computing power of connected devices. After raising $27.20 million in a funding round co-led by Pantera Capital, DragonFly Capital, and Lightspeed Ventures, the network launched its testnet on December 9, lasting only four days.

Participants simply need to keep a browser tab open to share their internet speed, making it an accessible yet time-sensitive opportunity.

Vana

Vana raised $25 million in a round co-led by Coinbase Ventures, Polychain Capital, and Paradigm. Users can participate in its confirmed airdrop by running a node on a test network. With system requirements of 1 CPU, 8GB RAM, and 10GB of storage, Vana is targeting tech-savvy participants.

The project also announced the closure of its Telegram app on December 9, urging users to connect their wallets to preserve earned points.

“On Monday, December 9, at 9:00 am Pacific, we’ll be launching a new Nexus network testnet. The goal is to enable the Verifiable Internet. Watch our latest video to learn more about what we are building,” Vana said.

SynFutures

SynFutures, a decentralized exchange (DEX) for derivatives, completed a $36 million funding round co-led by Polychain Capital, Pantera Capital, and HashKey Capital.

The launch of its governance token, F, on December 6 marked a significant milestone, offering fee discounts, rewards, and governance rights to holders. BeInCrypto also reported plans to list the token on Bybit and Gate.io.

“The SynFutures Foundation will oversee growth, manage proposals, and collaborate with partners,” the team stated in a recent announcement.

Wormhole

Wormhole, a cross-chain bridge protocol, secured $225 million in funding with participation from Coinbase Ventures and Multicoin Capital. The project’s confirmed airdrop reflects its commitment to decentralization and community engagement. Meanwhile, token holders are rewarded for staking their W holdings.

“A minimum of 50,000,000 W is allocated for Reward Period 1 of the Wormhole Staking Rewards Program (SRP), currently active for all W holders on Solana, Arbitrum, Base, Optimism, and Ethereum,” Wormhole said.

XION

XION raised $36 million in a fundraiser supported by HashKey Capital, The Spartan Group, and Multicoin Capital. The project’s airdrop targets early adopters and contributors who played a vital role in its community development. Through this initiative, XION emphasizes rewarding loyalty and ecosystem engagement.

“You may be deemed a believer for the XION airdrop if you: Played a key role in the XION community’s growth, believing in the project from the beginning. Believed in and actively engaged with apps on the XION testnet. Earned special recognition from official XION community activities. Believed in something, across a wide variety of ecosystem partners,” one community member shared.

Taiko

Taiko, a Layer 2 scaling solution for Ethereum, raised $37 million in a funding round co-led by Hashed Fund, Lightspeed Ventures, and Hongshan. With its airdrop confirmed on December 5, Taiko aims to enhance decentralization by distributing tokens to early users and contributors.

“Taiko, a Layer 2 scaling solution on Ethereum, is giving out free tokens through their airdrop,” an official medium post read.

The Taiko airdrop rewards early users, developers, and community members. By joining, you can get free tokens and be part of Taiko’s future. With the Taiko airdrop, the project shares its tokens with the community.

Magic Eden

Magic Eden, a leading NFT platform, raised $159.50 million in a round led by Paradigm, with Coinbase Ventures and Sequoia Capital participating. The ME token, central to its ecosystem, is set for its airdrop on December 10. Pre-market trading suggests a value of $3-$4 per token, making it a potentially lucrative opportunity for participants.

“The ME token is currently trading in pre-markets at $3-4 USD per ME. Pre-markets should always be treated with caution, but give an initial indication of where the value might be heading,” said Azuki researcher wale.moca.

Jupiter

Jupiter announced a confirmed $860 million airdrop following a $137.50 million fundraiser. Known as “Jupuary,” this initiative will reward protocol users while filtering out opportunistic participants. Eligibility checks begin this month, with the airdrop scheduled for January.

“Jupuary is on. Jupiter DAO Passes Massive $860M ‘Jupuary’ Airdrop Vote. A snapshot of eligibility was taken in November. A link to check eligibility will be available later in the month, while the actual airdrop is scheduled for the following month,” said Marty Party, a popular user on X.

StarkNet

StarkNet, a Layer 2 solution on Ethereum, raised $282.50 million in a funding round co-led by Pantera Capital, Paradigm, and Sequoia Capital. While the project has not confirmed an airdrop date, ecosystem updates and integrations suggest exciting developments on the horizon.

“More integrations, better accessibility, and an ecosystem that never stops shipping… Another great week on Starknet, packed with tons of updates (and a new airdrop to claim,” said Brother Staknet Digger.

Overall, these crypto airdrops reflect significant developments within the blockchain space fueled by capital injections and community-driven incentives. From confirmed airdrops to novel testnets, these projects highlight the potential for a decentralized future of finance, computing, and internet connectivity.

As these projects progress, early adopters have the opportunity to shape and benefit from this growing ecosystem actively.