Airdrops in the cryptocurrency circle are commonly known as wool pulling. In the crypto industry, in order to give back to early users, project parties often give away some of their own tokens for free. This behavior is called "airdrop."

So what is airdrop? The act of obtaining airdrop by completing tasks is called "airdrop". For project owners, this is the most direct way to acquire users.

In order to achieve project popularity and accumulate users in the initial stage of launch, allowing users to take advantage of airdrops can accumulate a large number of seed users in a short period of time, thereby promoting the development and promotion of the project.

In essence, what you get from the airdrop is not the hair, but the original shares of the blockchain star startups. We ordinary people cannot participate in the primary market investment, but once you get lucky in the airdrop, the profit and loss ratio is very good.

Arbitrum and Aptos both offer hundreds of times the return, which is an opportunity that is hard to grasp in the secondary market. If you invest in the primary market, once you win, the tokens will also have an unlocking period, but it is different for cashing in, you can sell them directly when the market opens.

How many types of airdrops are there? What are the advantages and disadvantages of airdrops? How can ordinary people do it? What are the risks? And other questions.

Airdrops can generally be divided into the following types according to the method of obtaining them:

1. Task-based: Read, forward, and like the project promotion

This type of people are basically pure black slaves, who complete tasks such as likes and retweets specified by the project party on various task platforms such as Galxe and Layer3. The advantage is that there is only time cost but no financial cost. It is very suitable for novices who have just entered the wool circle and plan to make their first wool at low cost. They can make wool at low cost and learn the basic knowledge of web3 through various task platforms.

2. Content interaction: Swap currency, send and receive currency, cross-chain, transaction

This is an advanced black slave, who burns various gases to interact with the ecosystem in order to obtain high airdrop returns. Recent big coins such as $Op, $ARB, $STRK, $W, etc. are all of this type.

The advantage is that you can get higher returns at a lower cost. For example, in the above-mentioned projects, the income of the low-income airdrop account is more than 1000U. However, the disadvantage is that the airdrop rules are not clear. You have to rely on everyone's cognition to guess the airdrop rules, and it is easy to be counter-charged.

3. Pledge type: single or dual-currency pledge, liquidity provision, long-term lock-up

Those who can participate in pledge-type airdrops are basically financial sponsors. Generally speaking, pledge-type airdrops have a stronger certainty. Points will be rewarded for pledging funds, and the airdropped tokens can be exchanged for points later. However, the rate of return is not particularly high, and large funds are required to get good returns. There may also be financial risks.

For example, the recent $ETHFI, $ENA, etc. are all pledge-type airdrops. For those who have a certain financial foundation, this type of airdrop is still very comfortable. After staking, you can just lie down and wait for the airdrop without having to interact like a slave every day.

4. Comprehensive type: Combining the above-mentioned types of airdrops, to put it bluntly, it requires the black slaves to work hard and pay money.

It should be noted that the above method is not a one-time behavior. The number of interactions and time span are now increasingly regarded by project parties as important filtering conditions to reduce the influence of airdrop hunters. If you want to participate in airdrops through multiple accounts, you need to isolate the accounts. Otherwise, if you are marked as a witch, you are likely to be disqualified from airdrops.

Tips: Sybil Attack is a threat to online network security systems. It refers to an individual trying to control the network by creating multiple account identities, multiple nodes or computer coordinates. In the context of airdrops, it means multiple accounts to get airdrops.

What are the advantages and disadvantages of airdrops?

advantage

1. Small investment.

It does not require much capital. The exchange is divided into test projects and main network projects. For the test project, the project party will give you a channel to receive test tokens. For the main network project, you only need to pay gas, which is the gas fee on the chain. Taking today's gas as an example, the bnb chain is 0.02u and the zks chain is 0.3u

2. Amazing returns

Maybe you will say that one person's salary is only 3,000, how can it be amazing? Then you have to remember that in the cryptocurrency world, a wallet is equal to a person. You are a web3 contractor, no money and no time? Get 100 wallets!

3. Time freedom

24 hours a day, as long as the project party has not announced a snapshot, you can go to work whenever you want to refresh the data and be your own boss.

4. Case. List the recent airdrops to encourage you. 1u=1 USD

arkm: 3000u–12000u per account (this airdrop was too hasty, causing many people to miss it)

ARB: 1500u-3000u per account, basically 10 accounts per person

op one number 1500u-3000u

Sui one number 1500u

The wormhole and AEVO from some time ago

shortcoming

1. Long working hours

There are so many projects in the cryptocurrency circle. From selecting projects to deciding to follow up, and then to creating an account to do its tasks (that is, brushing its data), it may take a whole day from morning to night, repeating the same thing every day.

2. Long project duration

It may take 2-3 years for a project to appear on Twitter and issue coins. During this period, it will not give you any rewards, which means that you will not have any income from this project during this period.

3. Project risks

If you follow a project for too long, its competitors may have been launched while your project is still under construction. In this case, your invested time and gas may be wasted and you may lose everything. Therefore, choosing a good project is the most important thing.

So how does an ordinary person get airdrops?

Two steps are essential: find projects + get airdrops. The first step is to find projects. There are many information aggregation websites on the market, such as airdropalert, defillama, coinmarketcap, etc., which can provide relevant information.

But this is not the key point. The key point is that whenever the project party actively informs people that there will be airdrops, and then attracts people to participate, it will later be proved that the value is not very high.

In fact, many valuable airdrops are not announced in advance, but the project itself is doing well, and finally suddenly according to some unexpected rules a wave of valuable airdrops are distributed, catching most people off guard.

So how do you seize the opportunity of this airdrop?

One way is to track the project’s social media or voice channels. Another way is to pay attention to self-media, KOLs, and communities that collect airdrop information.

The first method is relatively reliable but has a high threshold, while the second method is easier but also has certain risks. After finding the target, the next thing to do is to grab the airdrop.

It is worth noting that the key to this process is not to simply complete the operation, but requires some skills and preparation.

Before we start to take advantage of the airdrop, we must be fully prepared. Usually, the tools required to open an account include: Metamask wallet, TP wallet, Trust Wallet wallet, etc., as well as some social media software such as Telegram, Twitter, Facebook, etc., and Chrome browser.

Currently, most airdrops mainly use the following interaction methods: trading, lending, test network participation, staking and whitelisting, etc.

It should be emphasized that, unlike arbitrage on exchanges, there is no need to worry about competing with robots for airdrops. Because when designing airdrop rules, reliable project owners usually set strict punishment measures to prevent robot operations, which may include blocking accounts or eliminating airdrop qualifications.

Of course, there may be some exceptions, but if a project owner does not even have measures to deal with those who take advantage of airdrops, then the project itself may lack attractiveness.

In general, there are quite a lot of details that need to be paid attention to when taking advantage of airdrops, but for now, it is still the way with the lowest entry threshold for ordinary people in the crypto market and the most likely way to complete the original accumulation.

Therefore, although it needs to be treated with caution, for those who want to enter the crypto market, knowing what airdrops are and how to get them will be of great benefit in the future.

Risks of being a hair-puller:

Security and privacy are of paramount importance to the money-grabbing party. With the average person owning dozens or even hundreds of wallets, there can be no mistakes in the storage of mnemonics and private keys, the confidentiality of addresses, the screening of interactive projects, and the selection of tools.

Clicking on a fake link can lead to asset theft; storing mnemonics and private keys on a cloud service platform can lead to asset theft; and recently, the Bitcoin browser was hacked, leading to asset theft;

In addition, Connext's most stringent anti-Wycrime campaign in history has resulted in tens of thousands of addresses being marked as Wycrimes; and you spend money to buy tools, withdraw coins to your wallet, and finally lose both your wallet and your money.

Final summary:

If you have some basic knowledge, you can follow the project party to do some tasks. If you are a novice, for the sake of safety (as I said, when we come to the cryptocurrency circle, fund safety always comes first, followed by profit), everyone can participate in the field.

For example: Binance launched Megadrop, the task is relatively simple. The pledged BNB can not only get some airdrops, but also can be used for landpad mining and regular income. The most important thing is that it is safe and guaranteed. Currently, the first phase of the project BB has been launched and is in progress.