Towns, Recall, Allo Launch Airdrops, Raising $167.75 Million

As April progresses, and with prevailing market uncertainty, traders and investors are looking for new investment opportunities. Crypto airdrops provide such avenues, offering farmers and investors early access to promising projects with little to no initial capital required. While many projects have confirmed airdrop status, the following will be worth looking at this week.

Towns is an on-chain messaging platform on the Base network that offers decentralized, community-owned communication. It recently raised over $35 million from key investors. With confirmed airdrop status, tasks are low-cost and require Base network setup such as ETH for gas fees. Participants can also join Towns’ servers, with early spots likely free, while later ones require a small fee. One should fund a Base network wallet and make at least one token purchase via Towns’ chat feature. There are rewards for active engagement or participation, including chatting, joining or creating towns, and “click the beaver” to earn points, which may determine airdrop eligibility. With the network already tracking points for prior interactions, ongoing activity will boost chances.

Another project this week is Recall, which confirmed its airdrop and launched a points program. The project is a network for crowdsourced AI agent competitions. Interested participants can complete tasks on Zealy and Galxe and earn Fragments (points). The program already includes quests on popular platforms such as Absinthe, Galxe, and Zealy. One gets additional points for roles in Discord, inviting friends, and searching for suitable AI agents. Participants who refer new users receive 10% of that person’s lifetime points. Airdrop farmers climb the community leaderboard by earning Fragments weekly, with higher ranks likely to increase rewards. Recall has crossed 200k Discord members, putting it in the top 0.002% of all servers globally. This community comes after Recall raised $30 million from backers.

Allo is another crypto airdrop this week, bringing forth a decentralized protocol by Gitcoin for funding public goods. A new campaign has been added to Galxe, where airdrop farmers can complete quests and get the RWA (real-world asset) expert role in Discord. The Allo project periodically adds new campaigns on Galxe, offering participants who complete these activities a chance to earn points. Nevertheless, the Allo project has limited roles, including Bull, which requires participants to complete two campaigns on Galxe to grab it. Other roles, including Vanguard and Early Adopter, are no longer available. Allo has raised up to $102.75 million, with backers including YZi Labs, Gate Labs, Morningstar Ventures, and NGC Ventures.

In summary, the top three crypto airdrops for the third week of April include Towns, Recall, and Allo. Towns offers a decentralized messaging platform with rewards for active engagement. Recall focuses on AI agent competitions with a points program for participation. Allo provides a decentralized protocol for funding public goods with limited roles and periodic campaigns. These projects offer early access to promising initiatives with minimal initial investment, making them attractive to traders and investors seeking new opportunities in the crypto market.

According to the news, the three projects have raised significant funds from key investors, indicating strong backing and potential for growth. Towns, with its decentralized messaging platform, and Recall, with its AI agent competitions, both offer unique value propositions that could attract a wide user base. Allo's focus on funding public goods through a decentralized protocol aligns with the growing interest in using blockchain technology for social impact. The points programs and rewards systems implemented by these projects encourage active participation and engagement, which could drive their success in the competitive crypto market.