In the web3 ecosystem, there are so many ways to earn cryptocurrencies that many people get confused and end up gaining nothing or almost nothing. It is impossible to chase everything at once, especially during a bull market; you need to specialize in the areas that seem most accessible for you or follow proven techniques to the letter without scattering like an explorer lost in a dense jungle. Today, I will present you with a top 6 of techniques to help you claim your share of the cake.
Strategy Number 1: Using BNB on Binance
The first strategy is to hold a portion of BNB on Binance permanently. Lock this portion of BNB in a locked product on Binance Earn, preferably for a long period. Relax and watch the cryptos fall into your account. This strategy allows you to earn cryptos in three ways:
APR rewards from the locked product on Binance Earn.
Automatic eligibility for Launchpools, allowing you to automatically harvest cryptos during the farming period.
Automatic score accumulation on Megadrop, guaranteeing a crypto allocation at the time of listing.
Strategy Number 2: Participating in Binance Web3 Wallet Airdrops
This strategy distinguishes between two categories of airdrops:
Airdrops whose rewards are expressed in USD.
Wait until the last moments, 24h or 12h before the closure if possible, depending on the tasks to be completed. For short tasks, you can delay even more.
Ensure that the USD reward/number of participants ratio is always interesting. Otherwise, skip it. On Binance, participants are generally serious, so the majority will likely complete the tasks.
You can see the number of participants in a Binance Web3 Wallet airdrop at the circled location in the photo below 👇🏾
2. Airdrops whose rewards are expressed in the number of tokens.
Let's consider the second category, where the reward in crypto is given in the number of tokens.
We don't know precisely how much we'll have in dollars at the listing, which means taking a risk by participating in many projects in this category. However, there is a crucial indicator to consider: the number of tokens to be distributed. The smaller this number, the higher the likelihood that the listing value will be high. For example, during the ZK (Polyhedra) airdrop, one million tokens were distributed, and the token price at listing exceeded $2. By combining this with the number of participants, you can gain a key indicator through experience.
The final rule of this strategy is the "Take Profit" (TP). After receiving the tokens, swap at least an amount sufficient to cover the gas fees you would have spent.
Strategy Number 3: Following Binance Webinars and Workshops
This strategy is based on webinars, educational workshops, and online masterclasses from various Binance communities, where a USDT prize pool is allocated to those who follow the live session. Often, a Google form is opened in the middle of the live session and announced live, then displayed on the screen or the link is sent in the chat after the announcement. The strategy involves being present from the beginning of the live session and paying close attention. As soon as the form is displayed on the screen or in the chat, fill it out as quickly as possible, within the first few seconds if possible. This way, you increase your chances of being selected. Be consistent in attending these live sessions and apply this strategy regularly.
Strategy Number 4: Maximizing on Binance Megadrop
This strategy is based on Binance Megadrop. Stake your BNB in locked staking for a period of 120 days as early as possible to accumulate the locked BNB score and complete the Web3 quest. Apart from the bonus score (for example, 1000 for the BB project) of this task, it also multiplies the accumulated score from the locked staking products by a multiplier (for example, for the BB project, it was 1.5).
Strategy Number 5: Participating in Binance Academy Learn and Earn Programs
Follow the Binance announcements channel closely to stay informed about Learn and Earn programs. Once a program is launched, validate the article and complete the quiz as soon as possible to claim your share.
Strategy Number 6: Utilizing the Binance Referral Program
This strategy relies on referrals. I prefer Binance's standard referral program. Currently, a Binance referral campaign (standard referral) is ongoing in Francophone Africa, rewarding both the referrer and the referee with FUSD upon completing a few simple conditions such as KYC and a $5 trade. When such a campaign is launched, buy cryptocurrencies with a very low value relative to the dollar, for example, $2 of BTT, which represents over one million five hundred thousand tokens.
Share on your social media statuses (WhatsApp or others) that you are offering 200,000 tokens of a cryptocurrency (you can specify the name of the crypto if you want) to the first five people who create their account with your link and complete the KYC. Those who make a $5 trade will receive 300,000 tokens. Then, if someone meets the conditions, send them their 200,000 or 300,000 BTT. In this way, you will gain many referees while earning a profit with the rewards Binance will give you.
Conclusion
Navigating the dense forest of cryptocurrency opportunities can seem daunting, but with these six strategies, you can avoid the pitfalls and maximize your gains. Remember, the key is to stay focused, follow proven techniques, and adapt to the opportunities that arise. Good luck in your quest for cryptocurrencies!
