As the crypto market recovers, with Bitcoin nearing the $65,000 milestone, several startups are launching enticing airdrops. These offers provide crypto enthusiasts with opportunities to engage with budding platforms without initial financial input.

This week, we discuss airdrop participation opportunities from three projects with financial backing from renowned investors.

Hemi Network Announced Testnet

Hemi Network has made headlines with its $15 million fundraising, led by prominent investors such as Binance Labs and Breyer Capital. Currently in its testnet phase, the platform is preparing for a mainnet launch later this year.

“Powered by Bitcoin and Ethereum, Hemi creates a class of blockchain applications that are both useful and powerful,” Hemi Network stated.

Read more: What are Crypto Airdrops?

It offers a multifaceted airdrop to boost user engagement. Participants start by connecting their digital wallet to Hemi’s official website and linking their X (Twitter) for identity verification.

Subsequently, they acquire test tokens on the Ethereum Sepolia testnet, which are then bridged to the Hemi network. Engagement extends to swapping tokens, creating a Hemi Safe wallet, and completing transactions to earn rewards. Furthermore, additional bonuses can be garnered through social media interactions on Galxe, enhancing community involvement.

Yellow: First Season of Airdrop Campaign

Yellow, a blockchain service platform, has initiated the first season of its airdrop campaign, allowing users to accrue points in various ways. Following a successful $10 million investment round led by Ripple co-founder Chris Larsen, Yellow’s campaign involves both passive and active participation.

Yellow Financials. Source: Crunchbase

After connecting their crypto wallets to Yellow’s website, users start earning points by checking in daily and completing social quests like inviting friends. For those willing to invest financially, additional points can be farmed by locking funds in the Linea network.

Currently, Yellow’s total value locked stands at $65,301, indicating the project’s early stage. However, due to a lack of track record, early-stage projects also possess significant risks.

Merging AI With Crypto

PIN AI calls itself a project at the intersection of artificial intelligence and cryptocurrency. Having secured $10 million from investors such as Andreessen Horowitz, the platform might launch an airdrop that leverages both technology and community.

To participate in the potential airdrop, users can gain early access by filling out a form on PIN AI’s website. Additionally, they can earn points by engaging with the platform’s social media activities.

Read more: Best Upcoming Airdrops in 2024

These activities include Galxe quests like following PIN AI’s social media account and liking and retweeting posts on X. PIN AI’s initiative is to democratize AI technology, offering a privacy-centric, on-device AI assistant.