If there is a free lunch in the blockchain world, airdrops may be one of them. Airdrop is the place where players with relatively small funds are most likely to complete their original accumulation. To give a recent example: In 2021, the decentralized derivatives trading platform dydx announced the minting of 1 billion governance tokens, 50% of which will be allocated to community users, and 7.5% (approximately 75 million DYDX) will be used as airdrop rewards for those who have used the protocol people. A well-known miner swiped 800 accounts, received a wave of airdrops, and earned nearly 100 million yuan, directly achieving financial freedom. There is also a group of people in the industry who make a living from airdrops, nicknamed the "airdrop party". Their daily job is to immerse themselves in various news platforms and search for information intently. Many people make millions of dollars a year just by relying on airdrops. .
But people's common sense: "There is no free lunch in the world", this sentence still holds true here.
Because you need to spend time and money for airdrops + some handling fees + the risk of potential wallet theft.
After having a comprehensive understanding of airdrops, we can understand airdrops as risky investment activities with extremely high return on investment. Luck is very important on the one hand, and hard work + skill on the other hand.
Therefore, this article attempts to answer how you can generate the greatest return within a unit of time during your diligent participation in airdrops. We have been studying and exploring the process.
1. What is airdrop? Why does the project side give everyone the opportunity to airdrop?
2. How to judge whether a project is worthy of airdrop? How to prevent risks during the airdrop process?
3. What tools, websites or channels can help you improve the efficiency of airdrops?
What is airdrop? Why does the project side give everyone the opportunity to airdrop?
In the encryption industry, in order to reward early users, project parties will give away a portion of their own tokens for free, which is now nicknamed "airdrop". Whether it is due to the pursuit of "decentralization" or the consideration of creating popularity for the project and supporting market value, the number of users is always the most important goal pursued by the project side. The most direct way to obtain users is to "give benefits for free". In order to achieve exit and cold start, the project side will use airdrop activities to accumulate a large number of seed users in a short period of time to facilitate the incubation and promotion of the project. There are two types of airdrop logic. One is rewards for internal test users and users; the other is to gain popularity when the project goes online.
The first:
Internal test users: Before the project goes online, it usually launches a test network for preliminary testing, which requires the help of us test users. Usually we can receive the tokens of the test network for internal testing according to the instructions. The system will use our wallet address as the transaction clue and record our transaction data and operating data. The project team will then identify deficiencies and loopholes in the operation based on the data, and improve and perfect the project to ensure that the project can run smoothly when the mainnet goes online. During the entire process, we will help the project team conduct testing and provide them with data. In order to thank the early beta users, we usually distribute a portion of tokens to the beta users in the form of airdrops.
The second kind
Promotion: After receiving the airdrop, you generally have three choices:
one. Search for yourself what coin this is;
two. Find out the situation directly from acquaintances;
three. leave it alone.
As for leaving this option alone, airdrops will naturally lose their effect. But in the first case, your understanding of the coin will deepen. In the second case, you also told your friends about the TOKEN information. This situation is what the team is more willing to see. Both choices made by users will make the team feel that they have successfully conducted a token airdrop at a low cost (but in the long run, the cost may become higher in the future). Nowadays, many airdrops are simple and crude, using solitaire and the like; follow its Twitter, DISCORD and the like
Overall, in the end, you will find that the role of airdrops even exceeds marketing°. In order to increase the currency value, when the token team announces the airdrop, it will inform users that they can get additional tokens proportional to the original number of tokens. If you want to get the airdrop, token investors who have not yet bought it must buy it quickly, and those who have already bought it must continue to add more, so as to get more airdrops.
At present, most of the interaction methods for airdrops are the following: trading, lending, testnet, staking, whitelist, etc.
2. How to judge whether a project is worthy of airdrop? How to prevent risks during the airdrop process?
In the face of a project, airdrop itself is a speculative behavior, not a 100% sure thing. Before you can get an airdrop, you have to pay a fee. Most people cannot afford this cost when faced with the uncertainty of the project.
Pay attention to wallet security: For various reasons, those who seduce you, coax you to deceive you of your private key, or ask you to withdraw funds are usually scammers. It is best to use this wallet exclusively for airdrops, because the quality of airdrop projects varies. If your wallet enters some links with Trojans, it may threaten the security of your assets. Therefore, it still needs to be managed separately from your other digital assets.
Confirm whether it is genuine and official: Scammers can also give you a fake official website. For example, the website address has one more dot than the official website.
3. What tools, websites or channels can be used to improve the efficiency of airdrops?
tool
Wallet: Like a little fox
Metamask
A blockchain wallet and deposit some mainnet tokens (such as ETH for Ethereum mainnet, BNB for Binance Smart Chain, etc.) to set aside for backup gas fees.
Communication tools:
Gmail 、 Telegram \ T
witter \ Discord
It is usually a place provided by the project team for fans to communicate. Many teams will ask you to follow them on Twitter, and some will ask you to retweet their tweets in order to get airdrops.
Airdrop information aggregator:
airdropalert ,
defillama,
coinmarketcap .
In addition to these information portals, there are also social media or voice channels where you can track some projects yourself and observe possible clues. Second, you can pay attention to some self-media, Kol and communities that specialize in collecting airdrop information.
Productivity improvement tools
During the operation, methods such as batch transfers should be appropriately adopted to efficiently generate airdrops, for example: Metamask creates 51 wallets; http://chainlist.org adds all common mainnets; uses disperse app to transfer GAS fees in batches, etc.
Please stay tuned for channel information. Thank you for your time working together to raise awareness.
