Recently, Binance's #Megadrop and Web3 wallet's airdrop tasks have allowed many users who usually only trade to experience the thrill of airdrops. Today, I will teach you how to get started with airdrops. 🖖
First of all, we need to understand what is an airdrop?
Cryptocurrency airdrops refer to a free way of distributing new coins or tokens, and are mainly used by emerging blockchain projects as a marketing strategy.
Basically, cryptocurrency project parties will issue coins, with very few exceptions. Therefore, if these project parties want to cash out better when the price of their coins is high in the future, they must obtain higher financing, so that the valuation of the project will be high. If the project valuation is high, the price of its coin will be high.
How can a project obtain higher financing?
Crypto VC investment generally focuses on these two things
1. Number of users participating in the project
2. Amount of funds involved in the project
After completing the project goals, the project party will issue tokens, also called TGE, and in order to incentivize early supporters of the project, a certain proportion of tokens will generally be awarded to early users/addresses who participated in the contribution. This token can be directly sold on the chain or recharged to an exchange to generate income. This process is called airdrop.
Airdrops can bring us many benefits, including getting free tokens, earning extra income, etc. But at the same time, we should also pay attention to the possible risks of airdrops, such as project failure, project running away, clicking on phishing websites, etc.
The purpose of the project's airdrop is to attract more users to pay attention to and use the project, and to participate in the development of its subsequent ecology and vote in decision-making.
So what should we do?
What we need to do is to try our best to explore early projects, participate in them as early as possible, become early contributors, participate in the projects as real users, and obtain airdrops when coins are issued in the future.
Cryptocurrency airdrops can be roughly divided into the following types:
1. Staking airdrop (suitable for large investors, earn APY + airdrop tokens)
2. Social tasks (you only need to complete some simple tasks, such as sharing or forwarding a message on social media, to get airdrop rewards.)
3. Interactive airdrops (public chains burn gas, with a high rate of return and a long cycle, for example: zksync op arb, etc., order numbers range from thousands of U to tens of thousands of U, and require money)
4. Testnet (get airdrops through interaction, but they are all test tokens, no need to spend money)
cost
Some people may ask, isn’t there something free of cost? Social tasks are free of cost, but the overall return may not be very high. If you don’t have much capital but have plenty of time, you can choose to do testnet and social tasks. If you don’t have much time but have a lot of capital, you can do staking and interactive airdrops.
risk
Some project owners said they would launch airdrops, but they didn’t.
There may be a project that has witched you;
Some projects may become rugged during the process;
Then why do we still do it?
Aptos filled in an email address, and APT gave 150, with the highest value of more than 2,000 U;
Dozens of SUI addresses crossed the wormhole cross-chain bridge and received more than 5,000 U, and then the W airdrop gave them more than 100,000 U;
ARKM invited more than 100 of its own trumpets, and the airdrop was worth more than 30,000 U
I invested 100U in ARB, and used it to brush three accounts, and got several thousand ARB, with the highest value of more than 10,000U;
The benefit story of the airdrop circle is still going on, and a lot of bigwigs who participated in the early stage have withdrawn from the circle...
So how do we find airdrop projects?
Open the following financing website and select projects with high financing for research.
www.rootdata.com/zh
