Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TradeCoinD2 on September 17, 2023, 10:47:02 AM
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WHY NOW?
*The number of participants in the market has decreased significantly, creating opportunities for those who remain. Instead of competing with hundreds or thousands of others during an uptrend, the competition has decreased significantly. With fewer users, projects may need to conduct more airdrops to attract users in this context.
*Gas fees on various blockchains are currently very low, making transactions affordable. For example, transaction fees on the Optimism or Arbitrum networks are below $0.1 per transaction.
*Projects are still being developed during this downtrend, which can be seen as a sign of their commitment.
HOW TO DO AIRDROPS?
1.Retroactive Airdrops:
*Directly engage with the project on their platform.
*It may not require any fees if it's on a devnet or testnet (e.g., Sui Network, Sei, Quai).
*It may require fees if it's on the mainnet (e.g., Optimism, Arbitrum).
Bounty Airdrops:
Complete tasks involving interaction with the project's social media channels, such as Telegram, Twitter, Facebook, etc.
This method is relatively easy but might have lower rewards.
PRACTICAL TIPS:
I. Create Accounts:
*Use the Chrome Profile feature.
*Create a combo account with the same email and a new wallet address for each Profile (remember to save the private key).
*If Twitter or Discord requires a phone number, borrow one from a friend or family member.
*Use a VPN with a fake IP address for creating additional combo accounts to avoid potential IP-based checks.
II. Experience the Project:
*For projects on Devnet & Testnet (e.g., Sui Network), do tasks without worrying about fees.
*For projects on Mainnet (e.g., Arbitrum & Optimism), be prepared to spend some money on gas fees.
*Keep detailed notes on each transaction, especially for DeFi projects that involve swapping, adding liquidity, staking, etc. Some may have minimum time requirements before you can unstake or withdraw liquidity.
*Verify the authenticity of links to avoid scams.
III. What If You Win?
*Projects often notify winners through email, and having multiple combo email accounts helps you identify which wallet won faster.
*Claiming tokens might require a small amount of the project's native token as a transaction fee (not to be confused with transferring tokens directly to your wallet). Claiming quickly can allow you to lock in a good price.
MORE INSIGHTS:
*In the past, some airdrops rewarded early users with significant amounts. Examples include Uniswap, 1INCH, Paraswap (over $10,000 per wallet), Optimism ($1,000 per wallet), and recent ones like Aptos (I earned around $1,500 twice) and Hashflow (free NFT minting, sold for 0.2 ETH).
*Airdrops can change your financial situation and help you understand how markets work.
*Consider creating multiple accounts (wallets) for airdrops, as the number of accounts depends on the project, your resources, patience, and your available funds.
*Sometimes, you may have to wait for six months to a year for results, and there's no guarantee that airdrops will happen.
CURRENT AIRDROP OPPORTUNITIES:
Some airdrops worth considering are Optimism NFT Quest, Arbitrum 4 Quest, Sui Network, Sei, Layer Zero, Starknet, Pontem, etc.
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I obviously think that airdrops are not really worth wasting one's precious time and data on because they will only pay you little or nothing that can compensate for all the time and data you will spend just to carry out those required activities that will qualify you to earn from them.
Even before I bought some dogecions, I first earned some of it through airdrops, but back then, the coin was just worthless. I know I still made some tangible dollars through airdrops, but it's not really as profitable as before, despite the fact that there is no competition again, like you said.
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I obviously think that airdrops are not really worth wasting one's precious time and data on because they will only pay you little or nothing that can compensate for all the time and data you will spend just to carry out those required activities that will qualify you to earn from them.
Not really. It is still possible for people to earn a good amount of money through airdrops, even in the present day. Many of these airdrops require completing tasks such as setting up nodes or initiating bridging a certain number of times in their swap exchange to be eligible. Some airdrops have different tasks, but as long as you complete them, you will be paid a decent amount. Participating in airdrops is not a complete waste of time, you just need to be selective about which ones you choose to join.
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Doing airdrops is not worth it this days because it's not guarantee that you will be eligible for receiving rewards in the project you interacted with because the criteria will only available if they announced that they run an airdrop. Even though you are choosing project that has yellow check in their twitter account to minimize the time and effort, it's still not sure that they will going to run an airdrop. That is what we have to consider before doing airdrops.
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I obviously think that airdrops are not really worth wasting one's precious time and data on because they will only pay you little or nothing that can compensate for all the time and data you will spend just to carry out those required activities that will qualify you to earn from them.
Out of a thousand of them, one airdrop brings a more significant reward, of course, this immediately increases interest and raises the hope that there will be more "rich" airdrops.
However, as far as I've seen, it's no longer just a simple registration, it's also necessary to be active, make transactions, stake, etc It's too much for me.
OP advises multi-accounting to participate in airdrops :o
I. Create Accounts:
*Use the Chrome Profile feature.
*Create a combo account with the same email and a new wallet address for each Profile (remember to save the private key).
*If Twitter or Discord requires a phone number, borrow one from a friend or family member.
*Use a VPN with a fake IP address for creating additional combo accounts to avoid potential IP-based checks.