Crypto currency investment

Is becoming more popular by the day, and for a good reason. Bitcoin, for instance, has performed better than many assets for many years in a row, thus gaining the attention of retail and institutional investors alike. As attractive as cryptocurrencies are as investments, navigating the crypto space and making strategic investments can be daunting if you're just starting out. Luckily, there are easy ways to invest, even for complete beginners. If that sounds like you, here are seven ways you can invest in crypto without knowing much about the industry. There are over 20,000 cryptocurrency projects in existence, and new ones are coming up every day. These new projects want to get you acquainted with their crypto tokens, so they give you some for free. The process is called a crypto airdrop.

There are many websites to receive cryptocurrency airdrops from and be on your way to becoming a crypto owner. You must complete a few tasks, such as sharing information about the project on social media or using their platform. Some crypto airdrops can be substantial, like the Uniswap airdrop in 2020, so don't take this lightly.

Released the UNI token and decided to give 15% of the total supply to early adopters. 

Crypto Airdrop is a marketing tool from a crypto project that gives away crypto assets for free to its users. However, airdrop tokens also have the potential to provide significant benefits to crypto investors. Some crypto airdrops include standard, bounty, holder, and exclusive airdrops. In looking for crypto airdrops, investors can utilize social media platforms and specialized websites that show crypto airdrop calendars, such as airdrops.io, airdropalert, CoinMarketCap, and DappRadar. Crypto airdrops still have risks, such as pump and dump, data and private key theft, and phishing.

What is crypto airdrop ?

A crypto airdrop is a marketing tool from a crypto project that gives away crypto assets for free to its users. Nonetheless, because they have the potential to generate enormous profits, particularly for crypto projects that are thought to be promising, airdrops are frequently anticipated by the crypto community.

For example,

An airdrop of 150 million ApeCoin (APE) tokens was distributed to Bored Ape Yacht Clubs (BAYC) NFT owners on March 18, 2022.

In the Airdrop, BAYC owners could claim up to 10,950 APE tokens. On the day of launch, the APE token price was US$ 8.5; by the next day, it was already US$ 13. This means that APE airdrop recipients who immediately sold their tokens within 24 hours could earn between US$ 93,000 – US$ 142,000.

Crypto airdrops are not a new trend but have been done since 2014. The first crypto project to conduct a crypto airdrop was Auroracoin,

All those who signed up received the crypto airdrop of 31.80 Auroracoins (AUR) for free. 

A project that sought to make the AUR token the national crypto asset of Iceland. After that, several other well-known crypto projects such as Stellar Lumens (XLM), Bitcoin Cash (BCH), Uniswap (UNI), and others also conducted crypto airdrops. However, Some requirements must be met to get a crypto airdrop.

It starts from registering, completing specific tasks, or having certain crypto assets in your crypto wallet. Self-custody is one way to ensure that your crypto assets remain safe. Find out more in the following article.

How to get free airdrop for those of you who want to get a crypto airdrop, you can choose from several types of airdrops. The following are the types of crypto airdrops:

▪️Standard airdrop : A type of airdrop where participants only need to show interest, for example, by registering, and must have a valid wallet address. Standard crypto airdrops are the most popular because of their simplicity and the most competition.

▪️Bounty airdrop : In this type of airdrop, participants must first complete a task. Such as helping promote a project or inviting others to join the community. Later, each task will be worth several points correlating with the amount of airdrop bounty received. Generally, a point limit must be met to get an airdrop.

▪️Airdrop holder: Through airdrop holders, participants are required to hold a certain amount of crypto assets to get an airdrop. Then, participants take a snapshot of their respective crypto wallets on a predetermined date or period. Later, the number of crypto assets obtained will be determined by how many specific crypto assets are owned.

▪️Exclusive airdrop : As the name implies, exclusive crypto airdrops are only obtained by people selected in advance. Usually, those chosen contribute significantly to a project or are there from the beginning of the project being developed, as well as other activities related to the project’s development.

Step by step to Get Crypto Airdrops As discussed earlier, anyone can get a crypto airdrop. However, there are a few things you must have and do first to qualify as a crypto airdrop recipient.

First, have a Crypto wallet.

This is the most critical element because the crypto earned through the airdrop will be sent to the crypto wallet address. You can use popular and trustworthy crypto wallets such as MetaMask, Oasis, or TrustWallet.

Second, store a certain amount of crypto tokens. Specific cryptos in your wallet will allow you to participate in airdrop holders. Some of the significant tokens, such as BTC or ETH, are those you should keep in your crypto wallet.

Third, look for crypto airdrop programs. There are various sources you can use to find crypto airdrops. Social media platforms such as Twitter and Discord are sources for information and discussions about crypto airdrops. In addition, you can use specialized websites that have crypto airdrop calendars. On the CoinMarketCap, airdrops.io, airdropalert, and DappRadar websites, you can get a schedule of ongoing and upcoming crypto airdrops.

Fourth, learn about the crypto projects that are giving out airdrops. Once you’ve found a crypto airdrop campaign, do some in-depth research. Learn about the project, the technology offered, and the people behind it. This is because many airdrop programs end up being scams.

Fifth, follow the crypto airdrop rules. If the research results are okay and there is nothing suspicious, follow all the crypto airdrop requirements, such as registering, having specific crypto in your wallet, and completing tasks related to the crypto airdrop program. Besides crypto airdrop, you can also earn additional profits through staking. Learn how to do it in the following article.

Crypto airdrop risks: The promising profit potential and high interest in crypto airdrops have led some irresponsible parties to try to exploit them.

A common scam is a crypto airdrop that aims to pump and dump a token. Other scams include data or private key theft. Usually, scammers will direct investors to connect their wallets to get crypto airdrops. Unfortunately, the destination page is a phishing website. Later, fraudsters will ask potential victims to enter essential data and private keys on the page. If given, the scammers will gain access to the victim’s crypto wallet and use it as they wish. Remember, when sending a crypto airdrop, the public key is requested, not the private key. Therefore, never give out your private key or connect your wallet to an untrustworthy website. Don’t forget to research every project and the people or team behind it.

Potential airdrop list in 2023 :

BLUR and Arbitrum token airdrops have recently become the most discussed airdrop among the crypto community. So, what other tokens are most anticipated for airdrops in the rest of 2023? The following are some of the projects that might give an airdrop: However, there is no guarantee that the projects below will give an airdrop this year. The following list is only speculation based on the development of the projects that potentially launch their token.

1.Sei network

Sei Network is a layer-1 blockchain built with the Cosmos SDK and designed to be a destination chain for DEX, NFT, and GameFi transactions. Recently, they launched the final version of the testnet before the Sei Network mainnet. The Sei Network team also announced an allocation of 1% of the total supply that will be distributed as rewards to testnet participants and early adopters. Participants can earn points by completing Act 4 Daily Missions on the Seinami testnet. This program is still ongoing and aims to stress-test the Sei Network. You can join this program to increase your chances of getting an airdrop. After the testnet period ends, the participants’ points will be counted. The token rewards will likely be distributed according to the points earned.

2.zkSync

zkSync is a solution to Ethereum’s scalability problems that presents a technology called Zero Knowledge Proofs to enable transaction execution on the Ethereum blockchain. So far, they have managed to get up to US$ 458 million in funding. zkSync currently has yet to announce when it will distribute airdrops. However, its official documents signaled that it will later issue a native token for zkSync. On the one hand, zkSync continues to evolve, and its various ecosystems maturing. Moreover, zero-knowledge technology this year continues to develop and is increasingly popular in the crypto industry. As a result, with all these ecosystem developments, native tokens will inevitably be needed to support the financial system and technology in it. So many people expect zKsnyc to launch its token soon.

3.LayerZero

LayerZero is an omnichain interoperability protocol designed to make it easier for different blockchains to connect. LayerZero Labs recently raised more than US$170 million in funding. Regarding the ecosystem, LayerZero has started to grow, and its Mainnet is already operational. This has led people to speculate that LayerZero will launch its token soon. Therefore, although there is no confirmation from LayerZero Labs, many investors have started making transactions on the Stargate Finance on-chain, interacting with LayerZero apps, and using LiquidSwap Bridge to increase the likelihood of getting an airdrop from LayerZero when the token launches. You can also learn about other types of blockchain layers in the following article.

Conclusion

Hunting crypto airdrops can be an exciting alternative for those seeking additional profit opportunities. However, airdrop hunting is more challenging than turning your palm. Certain crypto airdrops require you to commit to various tasks and may even require capital investment. On the other hand, the risk of phishing, scams, and pump & dump attempts also looms over crypto airdrops. Therefore, it is essential to research, and caution is required to ensure that the crypto airdrop hunting process is as profitable as expected.