There are two major groups in the Web3 industry: those who speculate on coins and those who speculate on airdrops.
Although there are fewer and fewer opportunities to get rich through airdrops nowadays, token distribution methods such as airdrops will always exist.
The entire Crypto industry is still in its early stages, and we are still among the early players, so we can still reap industry dividends through airdrops in the next two years.
For newcomers who have just entered the Web3 industry, airdrops are a good way to learn.
Because in the process of interacting with different projects, you can not only build your own knowledge and methodology, but also have the opportunity to earn airdrops as positive feedback for learning.
So how do you get started with airdrops?
No matter which industry, newcomers can work from the three dimensions of Tao, skills and tools.
"Tao" is cognition, cognition of the industry and way of thinking. This requires long-term and accumulation before you can form your own thinking model.
"Skill" is methodology, a specific and practical method that can be broken down into different modules and abilities to guide our daily operations.
"Tools" are tools, tools that are used daily. If a worker wants to do his job well, he must first sharpen his tools. Efficient tools can help us get twice the result with half the effort.
Source: Foresightnews
Road 01: Establish a global cognitive model
What is an airdrop?
When the project team issues tokens, they will distribute tokens to community members or specific user groups for free.
Why does the project side want to airdrop?
On the one hand, it is for the cold start of the project. Under the incentive of airdrop tokens, many wool party users will invest time or a small amount of money to participate in the product to complete the cold start;
On the other hand, it encourages more people to participate in the development of the product. The more people hold tokens, the more people will participate in using the product, the more prosperous the ecology will be, and the higher the value of the token will be, ultimately forming a positive cycle.
Of course, from a pure trading perspective, it is just to make a market. After the airdrop, the fund market will be even larger.
So why do we do airdrops?
First of all, you must correct your mentality. Don't imagine that you can get rich through hair-raising, but accumulate the first pot of gold through hair-raising.
On the one hand, you can maintain market acumen, participate in more new projects, grasp the market development direction, and build your own project analysis capabilities; on the other hand, you can obtain a certain amount of income through "Jinglu", which can also be regarded as Learn to Eran, learning while learning. Earn and provide positive feedback for your own learning.
Finally, where is the airdrop?
The core has two dimensions:
The first is to choose a track. The Web3 industry actually has many subdivided tracks. You must choose a track with a high ceiling. This is why the Layer 2 track often had big profits in the past, while pure application projects often had small profits. This is because the ceiling of public chains is higher than that of applications.
The second is to choose the leading event. No matter which track, you must focus on the leading event, and at most add a leading event. Many tracks basically have a double-leading structure. For example, in Layer 2, Arbitrum and Optimism are the absolute leaders; in the Inscription track, SATS and ORDI are the absolute leaders.
Okay, after understanding the above, you have basically established a basic understanding of airdrops.
However, this information is still far from enough. Global cognition and thinking models require long-term immersion in this industry to establish, and it requires the accumulation of experience.
02 Technique: Establishing a systematic methodology
For Lu Airdrop, the most important are two abilities: project analysis ability and fund management ability.
(1) Project analysis ability
Learn to research and filter projects through a large amount of information.
The most important thing is to target head projects: industrial infrastructure and track leaders.
There are many dimensions to determine the head projects: team background, financing background, operating mechanism, technological innovation, product data, user reputation, etc.
Products that can bring user value and have decentralization goals (that is, they can issue tokens with high certainty) are worthy of airdrops.
The most important point is that you must experience the product yourself. When you have experienced enough products, you will have a very intuitive feeling and judgment when a new product is placed in front of you.
Airdrop hunters are all in-depth experiencers of this industry.
(2) Fund management ability
There's a lot to do here.
Anti-witch: A witch means one person controls many identities, so the project team will take many anti-witch measures. For us, funds in different wallet addresses must be isolated, and there must be no related transactions. (High-level isolation also includes device isolation, IP isolation, etc.)
Enrich on-chain data: interact with multiple chains, experience different products, and stay active.
Fund utilization efficiency: interact during times when network costs are low. One fish eats more. A certain amount of funds can do as much on-chain interaction as possible to reduce wear and tear.
Risk management: Especially for early-stage projects, the chance of running away or being attacked by hackers is very high, so funds must be isolated. For example, try not to put large amounts of funds into the project party's smart contracts for a long time, and be careful to sign authorizations.
Cost control: Make cost calculations and divide them into Jinglu + Qianlu. Jinglu’s wallet address will cost more network handling fees.
It can be seen from the specific process of Lu Airdrop that Lu Airdrop is a systematic project, which not only requires the establishment of project analysis capabilities, but also requires a systematic understanding of various scenarios of interaction on the chain.
03 Tools: Build your own arsenal
The core is to find effective tools and information channels.
(1) Recommended commonly used tools:
DeFi analysis tool: Defillama, you can see the top DeFi applications of different public chain ecosystems.
Project background analysis tool: RootData, you can see the investment and financing status of each project.
Asset management tool: Debank, you can manage your own assets in one stop, with very comprehensive asset coverage.
On-chain data analysis tool: Dune, you can find many valuable data dashboards.
(2) Do the task:
I don’t know which projects to pursue, these task platforms are the weather vane.
Among them, the most recommended one is Cryptopedia of OKX Wallet. It will select many well-known projects with airdrops and will provide additional prize pools. Therefore, I will participate in every event, and the actual rewards I receive in the end are also unexpectedly large.
Wallet platform:
Cryptopedia for OKX Wallet
Airdrop platform for Binance wallet
Bitget Wallet’s Coin Earning Center
Mission platform: -Galxe: veteran mission platform
Layer3: The task platform that just issued the currency
RabbitHole: Ancient Quest Platform
QuestN: Emerging Task Platform
(3) Establish information channels:
Here I will just give you some ideas and share some Lu Airdrop bloggers that I often read. There are many Lu Airdrop teachers not listed here.
Ice frog @Ice_Frog666666: Focus on sharing the way of thinking
Fengmi @KuiGas: sharing of practical experience
sanyi @sanyi_eth_：Technical guidance
Hebi @hebi555: Discover early-stage projects in advance
zhaozhao @0xzhaozhao: Provides system methodology
Chasing the Wind @ZF_lab: Summary and sharing of daily projects
Wu Yan @WY_mask: Summary and sharing of daily projects
Prophet @Crypto_He: daily project summary sharing
Finally, the simplest thing is to take the first step, purchase some digital assets, and then experience some decentralized applications. Only in this way can you have a personal experience of this industry.
If you just stand on the shore and watch, if you don't get into the water, you will never learn to swim.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
This article is reprinted with permission from: (Foresight News)
Original author: Yue Xiaoyu
"If you want to enter the currency circle, let's learn airdrops first! Web3 Air Investment Beginner’s Guide: Teach you how to earn while learning” This article was first published on “Crypto City”