How to get Airdrop and Earn: A guide for Beginners

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How to get Airdrop and Earn: A guide for Beginners

Today, we’re talking about How to get Airdrop and Earn: A guide for Beginners. in which I covered all the points hope you all liked it. 

Airdrops: a beginner’s guide 
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Decided to write a brief introduction to the direction for newcomers, maybe it will also be useful for “old’s”.

Here we go:

  •  Airdrops – giving away project tokens to your users for certain actions/support in the past – swaps, adding liquidity, using the protocol, participating in the project’s social networks.
  • How to earn on it?

Unfortunately, or fortunately, there is no right answer, because only the project decides. The criteria for the drop is unknown in advance. The main airdrop was obtained for active use of protocols – swaps (uniswap), the use of the bridge (Biconomy), DYDX (volumes on the futures), ie, depended on the specifics of the project. Sometimes it is enough to join the project discord and write a GM or join a telegram group.

It would seem that we found a win-win strategy – use the protocol and get free tokens, and so on in a circle. But it’s not that simple:

1. Firstly , the biggest project drops have occurred on the Ethereum network, where commissions for swaps or liquidity additions can reach several hundred per transaction.
2. Secondly, not all projects go through the airdrop token distribution model.
3. Thirdly, we can not guess the actions for which the drop will be put, or we made them untimely (after snapshot, i.e. snapshot of blockchain (wallets) state).

  •  Airdrop (retro drop) is not exactly free money, by putting our funds into new protocols, which often have not yet had time to audit, we risk losing them due to smart contract hacks or coders mistakes, and depriving ourselves of profits from other sources (trading, NFT, staking).

Despite the above factors, drop-hunting is one of the most attractive areas in terms of risk-reward ratio.

After looking at past major drop-hunters, there are several criteria for rewarding projects in the future:

  •  One of the best ways to get a drop is to use interesting solutions without the goal of getting a drop (as strange as it may sound). For example, you can build your crypto routine through applications that don’t have tokens. For example, use bridges (Orbiter, Bungee, Stargate) instead of CEX to send tokens to another network.
  • Attribution early in project development – this could include participation in project social networks (Discord, Twitter), participation in limited protocol launches (by WL), completing feedback forms
  • Use of ecosystem products – this is a particularly important point for getting retro drops from blockchains (Optimism, Arbitrium, Zk-Sync, Scroll). By interacting with various applications, we show that we are real active users of the network.

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