Sphynx Network (SPH) Airdrop: What You Need to Know Before You Claim

There’s a lot of noise around crypto airdrops. Some are scams. Some are forgettable. But when a project like Sphynx Network says it’s relaunching with a token drop, you need to know what’s real - and what’s just hype.

The Sphynx Network (SPH) airdrop isn’t like those flashy drops where you just connect your wallet and get free tokens overnight. It’s part of a bigger rebuild. And right now, the details are thin. That doesn’t mean you should ignore it. It means you need to be smart about how you approach it.

What Is Sphynx Network?

Sphynx Network isn’t just another DeFi app. It’s a full-stack platform built on Binance Smart Chain (BSC) that combines NFTs, staking, bridges, and trading tools under one roof. Think of it as a Swiss Army knife for DeFi users: you can swap tokens, farm yields, stake without giving up control, trade NFTs, and even use a crypto card - all from the same interface.

Their main product, Sphynx Labs, offers tools like SphynxPad (a launchpad for new tokens), Liquidity Bridge, NFT Bridge, and hyper pools that let users earn from multiple sources at once. The whole system is designed to be non-custodial, meaning you keep your keys. That’s a big deal in a space where so many platforms lock up your assets.

The native token, SPH, was meant to power this ecosystem. But here’s the catch: as of October 2025, both the total supply and circulating supply of SPH show up as zero on blockchain explorers. That’s not normal. It suggests either the token hasn’t been minted yet, or the project is in the middle of a major reset.

The SPHYNX RELAUNCH AIRDROP - What’s Going On?

The airdrop you’re seeing advertised is called the SPHYNX RELAUNCH AIRDROP. The name itself tells you something important: this isn’t the first time they’ve tried this. There was likely a previous version of SPH that didn’t take off, and now they’re starting over.

Right now, the airdrop page on their site shows 0 participants and 0 tokens allocated. That’s not a glitch. It’s a signal. They haven’t launched the actual distribution yet. They’ve set up the infrastructure - the form to submit your wallet, the rules page, the eligibility checker - but the tokens aren’t live.

This is common with relaunches. Teams build the system first, test it internally, then open it to the public. If you jump in now, you’re not getting free money. You’re signing up for a future chance.

How Do You Even Qualify?

No one’s published exact rules yet. But based on how Sphynx Labs runs other campaigns, here’s what you can expect:

• You’ll need a BSC-compatible wallet (MetaMask, Trust Wallet, or Binance Wallet).
• You’ll likely need to have interacted with their platform - maybe swapped tokens, added liquidity, or used one of their bridges.
• Some airdrops require holding a certain NFT from their collection or being active on their Telegram or Discord.
• They may check your transaction history on BSC to verify you’re not a bot or fake account.

Don’t trust third-party sites claiming to know the eligibility rules. Only the official Sphynx Labs website (thesphynx.co) and their verified social channels (Telegram, Twitter/X, Discord) are reliable.

Here’s what you should do right now:

1. Connect your wallet to the Sphynx Labs dashboard.
2. Use at least one feature - swap SPHYNX/BNB, add liquidity to a pool, or bridge a token.
3. Join their Telegram group and follow their Twitter/X account. Turn on notifications.
4. Check the airdrop page weekly. When the counter jumps from 0 to 100, that’s your sign.

Where Can You Trade SPH Tokens?

Even though the token supply is zero, SPHYNX/BNB trading pairs are already listed on decentralized exchanges like PancakeSwap. That’s because traders are speculating on the future launch. You might see prices quoted - but don’t buy. Not yet.

Why? Because if the token hasn’t been minted, you’re buying nothing. You’re betting on a promise. And if the project fails to launch properly, those tokens could vanish overnight.

Centralized exchanges like MEXC and Binance list SPHYNX too. But again - no real tokens exist yet. Binance even has a guide on how to buy SPH via Web3 Wallet, which only makes sense if you’re connecting to a DEX that doesn’t have the token live. It’s confusing, but it’s also a red flag if you’re not careful.

Why This Airdrop Might Be Worth Your Time

Most airdrops fail. They hand out tokens to thousands of people, then the price crashes because no one uses the product.

Sphynx Network is different. They’ve built real tools. Their bridges work. Their staking pools are active. Their NFT marketplace is live. They’re not just throwing tokens into the air hoping something sticks.

If they successfully relaunch SPH with real utility - say, as a governance token for voting on new features, or as a fee discount for using their services - then early participants could get a big edge. Think of it like getting early access to a new app before it goes viral.

Also, their ecosystem is growing. The fact that they’ve integrated multiple bridges (Fennec, Omax, Liquidity) and launched a token launchpad (SphynxPad) shows they’re serious about expansion. That kind of infrastructure doesn’t get built overnight.

Risks You Can’t Ignore

Here’s the truth: this project is still in flux.

• No official whitepaper is publicly available.
• The smart contract address (0x8bac...9daa00) hasn’t been audited by a known firm like CertiK or Hacken.
• There’s no clear roadmap or timeline for the airdrop distribution.
• The zero token supply raises questions about whether the project is even viable.

If you’re thinking about spending money to join, skip it. No legitimate airdrop asks you to pay to participate. If someone messages you on Telegram saying “pay $50 to get 10,000 SPH,” that’s a scam. Always verify through official channels.

Also, don’t rush. If the airdrop drops tomorrow and you’re not ready, you’ll miss it. But if you wait until it’s confirmed, you’ll still be in time. There’s no rush - only risk.

What Happens After You Claim?

If you qualify and the airdrop launches, you’ll get SPH tokens sent directly to your wallet. But that’s just the start.

You’ll need to:

• Check if the tokens are vested - meaning you can’t sell them all at once. Many projects lock tokens for 3-6 months to prevent dump runs.
• Add the SPH token to your wallet manually using the contract address (you’ll find this on their official site).
• Decide what to do with it: stake it, trade it, or hold it for governance rights.

Don’t panic-sell if the price drops at first. Early DeFi tokens often trade low until real usage picks up. Look at the long-term value - not the daily chart.

Final Checklist: Are You Ready?

Before you do anything else, run through this:

• ✅ Do you have a BSC wallet? (MetaMask or Trust Wallet)
• ✅ Have you connected it to thesphynx.co?
• ✅ Have you used at least one feature (swap, bridge, farm)?
• ✅ Are you following their official Telegram and Twitter/X?
• ✅ Are you NOT paying anyone for access?
• ✅ Are you prepared to wait weeks or months for the airdrop to launch?

If you answered yes to all six, you’re doing it right. You’re not chasing a quick buck. You’re positioning yourself for a real chance.

What’s Next?

Sphynx Network could become a major player in BSC’s DeFi space - or it could fade into obscurity. Right now, it’s a gamble with low cost and high potential.

Don’t treat it like a lottery. Treat it like a beta test. Show up. Use the tools. Stay engaged. And when the tokens drop, you’ll be one of the few who actually knew what they were getting into.