This article belongs to the series "From 0 To hero" guiding beginners to the market with 0 VND capital. You can re-read article part 1 to understand the basics of how it operates and the benefits of participating in the market in this form before continuing to read this article.
In the previous article, we learned about Web3 platforms that provide opportunities to make money in many forms from bounty, airdrop, retroactive, contest, feedback, job... So what do you need to prepare before starting, how to do it? How to optimize time and achieve greater efficiency?
I. PREPARATION
First of all, I would like to correct that making money in any market from "zero capital" is not as easy as you often think. Not investing capital means we will have to trade in a lot of effort and personal skills. The more diligent and regular we are, the more we will earn and the faster we will develop knowledge.
But surely many of you in the early stages will be very confused and not know what you need to prepare and where to start, right? I sympathize with you guys because I myself was in the same situation when I first started. However, I hope that with a little bit of experience that I have "experienced", I can help you one more step in your difficult journey into Crypto, especially during this crisis period. .
a) Prepare necessary documents
All forms of making money from "0 dong capital" in the Crypto market have one thing in common: connecting social channels, you need to prepare the following channels:
Twitter: The most popular social network channel for Crypto people, in addition to preparing to bet, you can also learn a lot of useful knowledge about the market here.
Discord: The most popular community building channel for web3 projects, almost all information and money-making bets can be earned from here.
Github: This channel is mainly for on-chain tasks and people with Dev skills, but is very necessary to increase your reputation.
You also need to prepare a number of other channels such as: Telegram, Medium, Facebook, Instagram, reddit... these channels will require connection depending on the situation.
The most important document that you need to have and understand how to use it is a hot wallet (Hot Wallet or Non-custodial Wallet):
Metamask (best recommendation): This wallet is the most popular, you can't help but have heard of it. I know there are many newbies here who still don't know how to use hot wallets, so if you don't know, please read the wallet usage instructions first to get familiar.
Rabby (recommend): Similar to metamask, rabby wallet is developed by the publisher behind Debank. Recently, many KOLs also frequently mention it.
There are also: Coin98 Wallet, Trust Wallet,…
I introduce to you two wallets, Metamask and Rabby, because both of them do not have tokens yet, the opportunity to receive retroactivity from using the wallet is there (I will not go into detail).
Some of the platforms introduced in the previous article are not completely free, because when you win the bet, you still need one more step to claim the reward to your wallet. In addition, if the reward comes automatically, you still need to transfer that amount to the exchange, right? So you also need to prepare more:
Gas fee: Gas fee is a mandatory requirement when using on-chain services of ecosystems, everyone knows this.
b) Prepare necessary knowledge
However, if you are new, you need to distinguish the following knowledge to ensure the most effective starting process:
Different blockchain networks:
+) Layer 1: Ethereum, Solana, Near, Aptos, Sui, Algorand, Avalanche, Cosmos, BNB chain,…
+) Layer 2: Decision, Optimism, zkSync, Polygon, Metis, Fantom,…
Depending on the blockchain network, what coins/tokens are needed as transaction fees?
How to set up network on Metamask wallet (some other wallets have built-in integration)?
How to transfer assets between wallets or between wallet and CEX.?
How to connect wallet and interact.?
If you are a newbie and still don't understand, please read each section on Coin98 or HC Capital's Allinstation!
II. ENGAGE
The reason I call this part "engagement" is because through the first article, many people messaged me privately and asked about where to start. It's really very simple, you guys should try it yourself, I've already provided information about the materials you need to prepare, now the remaining steps are up to you.
Before, when I first started, no one had any background knowledge, but I still plowed enthusiastically, then realized the lessons to optimize and upgrade myself as well as come up with a strategy. Reasonable "hunting". Of course there will be mistakes that are difficult to correct, but in essence you will lose less than gain a lot, so don't be afraid to consider it an experience fee.
It must be said again and again, so where is the most effective way to engage in minimizing high risks? How to commit to optimize experience and profits? In this paragraph, I will give suggestions according to my own assessment:
c) Choose a platform to start with
In this article, I recommend to you the platforms that you can start right away with the highest level of optimal experience (in my opinion).
Top.1: Layer3
Layer3 is quite simple to approach, the UI/UX design is friendly to newbies. As soon as you log in, go to your profile and connect to the social channels listed in the documents to prepare section. After connecting your account and completing your profile, you can "play" right away.
The layer3 homepage divides into 2 types of tasks:
Bounties: On-chain tasks will be listed here and updated daily/weekly. On-chain tasks help you experience web3 platforms and projects of different ecosystems (Ethereum, Arbitrum, Polygon,...). In particular, pay attention to systems that do not have tokens such as Arbtitrum or Optimism systems that have confirmed that 14% of tokens are allocated for airdrop; Projects that do not yet have tokens such as slingshot, bungee, clipper... Retroactive/airdrop bets all take snapshots of the wallet's on-chain activities to proceed with token distribution. Thus, in addition to experiencing the operations, you also have the opportunity to win a bet to change your position. However, you also need to note that all on-chain bets mean you are using a service on the blockchain -> there is a transaction fee, depending on the network, the transaction fee will be different (polygon). , optimism will be very cheap but on Ethereum it's a waste of money guys) —> consider making bets on systems with small transaction fees to experience first.
Contests: This section is off-chain tasks, you contribute to the project through writing articles, creating memes/logos, editing videos, etc. For each quality content, the project will select and award reward those who deserve it. Especially because these are off-chain tasks, the reward will be automatically sent to your wallet without needing to claim a fee. You still have to pay attention, the assets are in your wallet, but to convert it to real money, there are still on-chain transactions, so there are still fees!
Top.2: Quest3
Quest3 complements each other's on-chain and off-chain tasks, so you have to find them yourself on the homepage. Many tasks have NFT rewards to spin the Whitelist or as a condition to participate in future events of the project. Choosing a new project to follow will increase the chance of rewards.
In addition, Quest3 also has tasks that pay rewards in stablecoins so you can experience and earn more. The rewards on Quest3 are mainly random or FCFS, so to increase your winning rate, you should use multiple accounts to "cheat".
I chose Quest3 because the task is light and suitable for beginners because the above experience is quite good. But the rewards and how they are given are quite unlucky, so you also need to consider them.
Top.3: Galxe
Galxe is the OG in the bounty platform segment at Web3, so many of you will be familiar with it. I included Galxe because:
Many tasks, differentiated from easy to difficult, bring a full range of project experiences to you.
The rewards are NFTs (OATs, Credentials) stored on-chain, which will often be a condition for the token issuance project to later distribute airdrops to users. Currently, Optimism is collaborating with Galxe to release a series of missions to experience projects on Optimism's ecosystem, which is very likely to be a retroactive opportunity for you guys.
Most rewards can be claimed completely for free. For newbies who are afraid of transaction fees, the experience on Galxe will be more convenient.
Top.4: Early Ones
Early Ones is a channel to collect feedback, surveys and interviews with real users to help projects in the development stage know the limitations and needs of users. The task above is divided into free and premium sections. If you want to participate in using and evaluating more projects, you must mint 1 NFT Pass to unlock it.
In return, I quite like Early Ones because here I find many interesting new projects that suit my research purposes. Furthermore, the rewards are also very satisfying, ranging from $50 to several hundred dollars for a feedback, which is great.
However, it will be quite heavy for newbies because:
The level of knowledge must be high, you must have a certain understanding of the market and products. Because you have to analyze and evaluate the project, having good knowledge is inevitable. If you are still uncertain, your chances of being selected and rewarded are very low.
You need to know how to present, it's almost like you have to write a review after experiencing the project. In addition, you also need to know English. I know that I wrote feedback in Vietnamese first and then google translated it into English and still won the bet, so the important thing is the quality of your review, language is only a part.
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