Everything you need to know before you start hunting for Crypto Airdrops!

[snowpega]

<snip>

Once again this guide is a nice initiative as many newbies are still not aware of airdrops like how to farm airdrops or what are airdrops or how can they earn money from it. This Thread can help them to understand how they can earn money from airdrops. As when I was also new to airdrop space I was confused about how can I farm airdrops and some of my community members and some other friends were working on crypto airdrops and they were making money from it and asked them and they helped me to understand how it works.

Besides this, I want to ask you how is your experience with social projects as in my case, my experience was too bad as they do not give that much profit to the participant like other airdrops give, and airdrops that return good profit are based on investment and there are only some projects in the market that give good profits and also available free to join in the crypto market. any suggestion for me on this? Many Thanks!

[Wiwo]

Nice job at least this will give newbies some useful insights into aidrop and how they manage they airdrop rewards,  most time some newbies lose out in rewards due to their lack of knowledge and information to effectively manage their wallets to the point of cashing out the rewards effectively.

I like the guide because it deal clearly on wallets and it securities, another vital point is how to hunt for the right airdrop to take part in at some point, because it is in doing that you take the first step.

[Mr. Magkaisa]

          -   In times like this, especially with the bull run that we are dealing with this season, there will be a lot of airdrops coming out right now, and that will increase from what I see in the coming months. And we also know that no one gets big earnings from airdrops.

And extra caution is also needed in these situations because we also know that these scenarios are very vulnerable because many people get hacked or phished because of connecting their wallet addresses. Please don't exchange them with our other communities here. In the crypto space, their account is only for a small amount that they can get in airdrops as a reward.

[Makus]

You are right because for those who specialized on airdrops should have it in mind that for there security reasons they need to create a separate wallet to be use only on the airdrops because using there main wallet is very risky and just like you said scammers has also step up there method of hacking people so to be on a very safer side having a different wallet will be advisable because if something happens to it the main wallet will not be affected.

So actually security is one of the major things that should be considered and not just the wallet but also on our social media accounts because there are some airdrops during the participation they will ask you to share some of there things on your social media and sometimes after clicking on the thing they will ask you to authorize your Facebook access and if you are not careful you could be hacked.

Aside airdrops, we should be careful with the kinds of places we post our wallet address in. Though we might logically be safe from hacks as our seed phrase are properly saved but when you post your wallet address in a public forum your address can be monitored by hackers and they could make some tricks that will lead you to releasing your seed phrase unknown to you if you are just a newbie. When trying to make transactions from your public wallet address to your private wallet address for security sake, you can make use of an exchange or use mixers to keep your receiving wallet anonymous. Let's take precautionary measure so we'll not fall for cheap scams.

[Fivestar4everMVP]

Well, for me, the most important of all information contained or mentioned by the op, is one that Says we should never connect our real wallet to an airdrop site, and by real wallet, I mean our main wallet where we hold our funds/crypto investment.

It is really advisable that we always endevour to create a separate wallet that is dedicated to airdrops, fund it with a small amount of the native token or coin of the blockchain that the wallet is created on, this is for gas fees.

This practice will ensure that we never get scammed off what we have already achieved, while in chase of that which we are unsure of, just like it's commonly said that a bird we already have in our hands; is more valuable than millions that are flying around in the air and bush.

[libert19]

If you main wallet is A hardware wallet? Wouldn’t it be enough security to be used with different kinds of airdrops? I know there are password Phrases that could Give you a different wallet entirely (for Trezor) This is within my experience I am not sure with other Hardware wallets.

If you have also some kind of protection like pocket universe to know what you are doing when signing.

In airdrop hunting, you have to login to different sites, sign frequent transactions and HWs are not really convenient for that, at least in my experience.

another vital point is how to hunt for the right airdrop to take part in at some point, because it is in doing that you take the first step.

Judging airdrops comes from experience.

And we also know that no one gets big earnings from airdrops.

Ask the people who got 100k $ZK.

[bayu7adi]

Judging airdrops comes from experience.

And luck, and also connections to several people who know more information about hidden gem airdrops. We can see lots of airdrops, but many of what we see are just airdrops that don't provide a commensurate salary. Even if the person already has a lot of experience, if his creativity in hunting is not varied, that will be an obstacle in itself... there must be other factors that can make him have a higher chance of success.

[God Of Thunder]

Besides this, I want to ask you how is your experience with social projects as in my case, my experience was too bad as they do not give that much profit to the participant like other airdrops give, and airdrops that return good profit are based on investment and there are only some projects in the market that give good profits and also available free to join in the crypto market. any suggestion for me on this? Many Thanks!

My experience with social airdrop is too bad as well. I have participated in a lot of Social airdrop campaigns that took a lot of time. But the reward was too small compared to the work I had done. There was an airdrop from Paramgaming. A lot of people worked for them and we thought we would get some amount of money from this airdrop. But they rewarded us with only a couple of bucks. Can you imagine getting a few dollars after working over a month? So, even if you are doing social airdrops, pick only which requires you to work once so you don't spend much time on working on it.

[bitterguy28]

Hi There!

What are crypto airdrops?
Google or AI can give you the best answer. But, I will share I know. New platforms such as DEX, CEX, and even web3 social websites, and lending services offer crypto airdrops to their early users to increase engagement. New coins that are going to be launched on the market offer crypto airdrops as well.

Really ? lending services offers airdrops? sorry but can you give specific site/teams that offers this features towards users?

Why do those platforms give away free money?
To explain this, I will have to categorize the airdrops as well.

#Social Airdrops: Even though it looks like they are giving it for free, it's not. Not all airdrops are the same. Some of them ask their users to do some simple social tasks such as joining their discord servers, following their Twitter, and retweeting their posts. However, the success rate of social airdrops is very low.

#Beta test Airdrops: Some other platforms ask their users to test their services and users can earn some points by doing those tasks. For example, If a dex is going to be launched, they will require you to swap some testnet tokens, provide liquidity, withdraw liquidity, take faucet, etc etc and they will give you some points based on your activity. Later on, they may reward their beta testers.

#Investment based Airdrops: Mostly this is done by new cryptocurrency teams. To participate in this type of airdrop, you have to invest real money. Most of their tasks are like providing liquidity and participating in their ecosystem by doing various activities. The most recent airdrop was Blast.io (An ETH layer 2 blockchain).

#Telegram Mini Apps
This is the most Hyped thing this season. A couple of projects have been launched on Telegram already and people make a lot of money out of it. NotCoin is the project of this year. There are a lot more projects that are ongoing which is completely investment-free. All you have to do is, complete some social tasks and earn points. Some worthy projects to mention are Blum, Hotcoin, memefi, and Yescoin.

But the main reason? because they are for advertising to lure more investors and more believers so they need to give freebies.

What do you need to start doing Airdrops?

1. A laptop or Desktop, or a Smartphone. (If you use smartphone, make sure to use Kiwi or Mises browser)
2. A couple of dedicated Web3 wallets (metamask, rabby, rainbow)
3. Dedicated social media accounts (Telegram, Discord, Twitter, Reddit, and Gmail)
4. Testnet tokens on a couple of networks.
5. Real crypto on multiple chains for Gas fees.

Your forgot to mention a GOOD INTERNET PROVIDER mate .

What you should avoid?
You always should use dedicated social media accounts, dedicated Gmail, and wallets as well. So, even if you do something wrong, you never get harmed. Do not connect your wallet to untrusted websites. Do not click on links that were shared on Twitter.

Note: I am posting this thread now. But, I will update this thread from time to time as soon as I get some other points that should be mentioned.

and better to have other accounts in social media than using your personal account.

[God Of Thunder]

Really ? lending services offers airdrops? sorry but can you give specific site/teams that offers this features towards users?

Yes, If they are part of some ecosystems. There are a lot of new lending platforms that are offering airdrops for using their services. Check https://app.orbitlending.io/ for example.

But the main reason? because they are for advertising to lure more investors and more believers so they need to give freebies.

This is an obvious reason. I don't think I have to mention this specifically. They are giving tasks to the airdrop hunters for obvious reasons. They want to make it look like big projects so they can get some investors.

and better to have other accounts in social media than using your personal account.

I hope I made it clear by saying that they should use dedicated accounts for airdrops.

[snowpega]

<snip>

Buddy, I also joined the Param Gaming Project It was really time-consuming project in which we had to complete many tasks of it but now I really feel bad for Param Gaming as it disappointed us a lot. I received 90 coins from Param gaming airdrop which was worth 11$ at that time but it is worth only 1$ and some cents now and the PARAM market has dropped its value haha... as I did not sell it at that time.

Dear, Did you sell the Param or are you still holding it? asking just to make some reference for myself like I did wrong holding it or not haha or I should have sold it after claiming. Dear Just a question if you don't mind, we should hold the airdrop project or we should sell them after claiming?

I do not sell them but in case if the project is based on a vesting strategy then I used to sell its first payment and hold other payments so that I will not need to feel bad in case the project market drops its value haha. This is my strategy what is yours? I would love to know if you want to share it then must share it. Many Thanks!

[ZAINmalik75]

You have started a good topic although many people are already joining crypto airdrops, I have also joined a lot airdrops some gave money some did not. It was fifty-fifty. But this post of yours is not going to help those who are blindly joining airdrops with no proper knowledge of what it really is. I would love to share this article with other people who are not on the forum but just getting into joining airdrops.

These people really need knowledge otherwise in the end they will either say crypto is fraud which it is not but only a few airdrops that are not worthy of even joining these people have associated big hopes with them like they will make them millions of dollars. People have wrong concepts with and wrong expectations from airdrops.

[God Of Thunder]

Dear, Did you sell the Param or are you still holding it? asking just to make some reference for myself like I did wrong holding it or not haha or I should have sold it after claiming. Dear Just a question if you don't mind, we should hold the airdrop project or we should sell them after claiming?

I am still holding my Param and I also received $10 worth of tokens at that time which is now around $1 or so. Usually, I do not sell the tokens that I get from the airdrop because a lot of airdrop hunters dump their tokens on the market at the same time which is why those coins dump in price. So I decided to hold it because it's a gaming project.

But, I guess I made a mistake by holding this token. I should have sold it because I don't see much potential in it. But I am still holding Notcoin and Blast as well because I believe these tokens can give up to 10x return on Bullrun. I will sell all the low potential tokens right after claiming it from now on.

[libert19]

^ if it's not worth to sell tokens, it's better to hold indefinitely.

I tell you an example.

I did bounty of project called 'ethlend' long ago, and got 80 something tokens, I sold it on Etherdelta for some bucks, and now that project is called $AAVE and those 80 tokens were worth about 50k USD at peak (and at current prices, $7k).

[snowpega]

<snip>

Besides this, as far as I remember those who have received tokens more than 100 will receive more after 6 months maybe because they are eligible for the vesting period. Well, what do you think about this gaming project can it still have the potential to give us some profit near the bull rallies as in case gaming projects come into the trends then we may see good pumps in this project also. Just making Hopes haha what can we know as it is a crypto market anything can happen any time.

NotCoin was also a good project on the TON network but I did not knew about this project one of my friend made a good profit from this project... well more opportunities will come as we are having one more on the Ton network which is Hamster Kombat I wish this one also perform well for all of us, I was reading a piece of unofficial news about this project that the listing of this project can b on 25 July. is it right news? do you have any idea about this?