AGNT, Sedracoin, and Lens Protocol

The crypto market attempts a recovery, with Bitcoin (BTC) pushing to hold above the $90,000 psychological level. Amidst the broader market’s bump in optimism, investors are eyeing airdrops as a potentially lucrative avenue in March.

Airdrops aim to distribute free tokens while attracting new followers and expanding user bases. This week, there are three significant airdrops to watch.

AGNT Hub

AGNT Hub, a decentralized platform combining artificial intelligence and blockchain tech, is one of the confirmed airdrops this week. The project announced an airdrop of 30 million AGNT tokens, which will serve as a launchpad for AI-powered agents and enable them to operate in various environments.

“iAgent has reserved 30 million AGNT for its airdrop,” airdrops farmer Ben’s crypto shared on X.

This airdrop will reward early adopters and community members participating in the platform’s activities and accumulating experience points (XP). Specifically, the airdrop campaign’s points-based system allows participants to earn XP through various activities, including daily check-ins, social media engagement, NFT (non-fungible token) mints, and platform interactions.

“The more XP accumulated, the higher the potential airdrop allocation. Unique NFTs tied to your achievements may unlock additional benefits in future token distributions. Participation is free, requiring only a wallet connection and completion of designated tasks,” aidrops.io indicated, citing AGNT Hub.

Reportedly, AGNT Hub has also secured approximately $5.2 million in funding. Key backers include PGgroup and a team of experienced engineers with over 10 years of blockchain and AI expertise. Notably, the AGNT Hub crypto airdrop will coincide with AGNT Hub’s token generation event (TGE)

Sedracoin

Another crypto airdrop to watch this week is Sedracoin, which brings forth the Sedra ecosystem. The platform meets users where nature, spirituality, and technology intersect, delivering what is advertised as “a harmonious digital environment.”

Its powering token, SDR, is the ecosystem’s primary medium of exchange. It enables transactions, staking opportunities, and various reward mechanisms across the entire ecosystem.

The Sedracoin airdrop is also confirmed. It runs on Zealy to distribute SDR tokens to early community members and supporters. 

It uses a task-based system requiring participants to complete various social activities to earn XP (experience points). Ultimately, these points will determine user eligibility and potential reward allocation for the airdrop.

“Join the Sedra Airdrop Event! Earn SDR tokens & exclusive CTAs by completing Zealy quests! The more XP you farm, the bigger your rewards,” Sedracoin articulated.

The campaign also prioritizes community engagement and awareness building, meaning participants must complete social media tasks across different platforms.

Lens Protocol

Also on the list is Lens Protocol, whose airdrop comes after raising $46 million and is backed by Balaji Srinivasan, former Coinbase exchange CTO. Other backers include Delphi Ventures and USD Coin (USDC) stablecoin issuer Circle.

While it is still in potential airdrop status, the project has a significant Social media following. Interest comes from ecosystem activity, funding rounds, and hints from the team.

“The Lens Protocol Testnet is now live, and you can officially mint your Reputation Score,” NFT builder Den Da shared in a post.

Recent developments suggest a points-based system or retroactive rewards for early users might trigger an airdrop. Eligibility is likely tied to owning a Lens Profile NFT and engaging with the ecosystem, including Lenster, Lenstube, and Hey. Recent testnet activity on Lens Chain (a zkSync-based Layer 2) may also factor in.

Further, according to speculative estimates on X, between $1,000 and over $10,000 in LENS tokens could be airdropped. Notably, these assumptions follow past airdrops like Aptos or Blur. However, this hinges on token launch and market conditions, as no official figures exist.

Meanwhile, participation is largely free beyond minimal gas fees. However, if not claimed earlier, acquiring a Lens Profile NFT costs around 0.1 ETH (approximately $250-$300) on the OpenSea marketplace.

For investors and crypto enthusiasts, these airdrops offer the chance to acquire new tokens and join the active crypto communities.