Hi! Today I will answer one of the most popular questions: how to understand which project will distribute an airdrop to its users. I use these methods myself, and after a year I switched to a full-time job, earning on drops.
Let me start with the fact that 99% of projects reward their users with retrodrops. This is one of the best marketing tools in crypto at the moment. The only questions left are: when will they give it away? how much? and to whom?
To find the most profitable project and not lose your money and time, you need to pay attention to several key parameters.
Investments.
First of all, look at the size of the investment and who invested in the project. Good signals will be investments from Tier-1 funds (for example, Binance Labs). A two- or three-digit investment amount is an indicator that the project will have funds to pay for listing on exchanges and market makers. This information is usually available in open sources. If the project is not particularly well-known, but declares investments from a certain fund, go to the X (Twitter) of this fund - they always officially announce support for the project.
Even projects with small investment amounts can distribute a good drop, but to a limited number of participants. Or the project can have a huge audience, as, for example, it was with Notcoin.
Team.
There is a team behind any startup, we need to find out who these people are, whether they have public social networks and whether they had projects before? Perhaps they are former founders of some scam, or perhaps they are the founder of a blockchain whose airdrop made everyone rich. All this should be on their official website.
Documentation.
Be sure to read Litepaper or Whitepaper. This is technical documentation that describes everything about the project. We are only interested in the Roadmap section - it may say when TGE and the distribution of the drop are planned, and Tokenomics - it describes everything about the project token, its general circulation, and most importantly, how much is allocated for Airdrop or Community (us), all these are green patterns for taking the project into work.
Token.
We return to the documentation and see if the project will have a token, what ticker, what utilities it will have. If the project already has a coin, the listing has already been done and they have launched their second/third campaign to retain users, we skip these seasons, statistically they are always worse than the first drop.
Point system and leaderboard.
If there is a point system or other visual indication of how active you are, then these are direct hints at some kind of conversion or determination of your place in the distribution.
Active company.
Let's say the project launches a company to earn points and further reward its active users, these are direct hints at a future airdrop. Let's say the project is going through the testnet stage, there is a leaderboard, and the number of participants is 2 million, it is already clear that there will not be enough money for everyone and they will give out 3 kopecks for coffee for half a year of work.
Personal sympathy.
One of the most important qualities is how much you personally like the project. Philosophy, product, team, visual components. After all, if you enjoy working on this project, then the quality of execution will be high, you will be able to perform routine actions longer, while others have given up and abandoned, the reward will not be long in coming.
Conclusion.
Green flags:
- there are investments
- famous personalities in the team
- there is a mention of the token in the documentation/social networks/admins
- point system
- the first campaign or the first season is underway
Red flags:
- no funds
- the team hides its identity
- the token is already traded on exchanges
- no points system or leaderboard
- too many people
Of course, everything is individual. I discuss all these moments on my TG channel (pinned in the profile header)
#AirDrop #DeFi #Bitcoin #binance #ETH
