Crypto airdrops are one of the most prospective way for new tokens being deployed to mainnet to gain popularity, holders and reward people that joined in testing a project.
These people who participated in these events are rewarded, few times evenly but most often, they are shared according to the people's level of participation and some times the amount of money they used.
So below is a rundown of some helpful tips you should know when participating in any airdrop.
- Set up a crypto wallet specific to the token you are participating for. When I newly started chasing airdrops, I did a testnet and the test tokens were sent to my wallet but I couldn't see them because METAMASK was not supporting the token. Make sure the wallet you are using is compatible with the token you want to receive.
- Make sure you meet the project requirements before participating in the airdrop. Some airdrops will reward users who have spent a specific amount in transactions fee. You can also use site like coinmarketcap, airdropalert, airdropking.io , airdrop.io to know about the specific conditions to meet before participating in the airdrop. Once you have seen this requirement ensure you do them along with the tasks to qualify.
- Protect your privacy and security when participating in airdrops. Never share your private keys, passwords, or sensitive personal data with anyone. Use different email addresses and usernames for different airdrops. Use antivirus software and VPN services to protect your devices and online activity. Always double-check the official website and social media accounts of the project before joining an airdrop.
- Airdrops will give higher rewards or precedence to people who have interacted with their parent protocol over others who are just using the protocol to farm for airdrop. Aside that, most top influencers use liquidity to farm these airdrops, some use liquidity worth over $10k and when the airdrop rewards come, these are the kind of people that make $30-50k from just one airdrop.
So when you see influencers come out and brag about making $50k from one airdrop, be aware that he did something you didn't do that made him qualify for such huge amount of rewards. Either he farmer it with his money or his influence.
Hope you learnt something today, I am ticktalker and I always post crypto/educative contents.
Please whatever is written in the article above is my for educative purposes only. I am not a financial advisor
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