There are many ways to make money with the Crypto market and airdrop is one of the most accessible ways to make money for beginners, especially those who can start with a small amount of capital. So what is airdrop? How to make money from this activity? What do you need to prepare to start your journey to make money with airdrop? Please find out in the series of articles below!
1. What is Airdrop?
Airdrops are a form of free distribution of tokens or cryptocurrencies from blockchain projects to attract attention and build a community. Usually, participants only need to take a few simple steps, such as following social media accounts, sharing articles, or registering an account. Airdrops are not only an opportunity to receive free cryptocurrencies, but also help projects promote and build a presence in the market. Most projects in crypto need a certain community and user base to support them. Airdrops help build a loyal user base in the early stages of the project.
There are two common types of airdrops:
- Standard Airdrop: Users receive tokens based on simple promotional actions.
- Holder Airdrop: Requires users to hold a certain amount of the project's token or another related token to receive rewards.
2. Who is suitable for airdrop?
To answer this question, we first need to understand the nature of airdrop. We experience the product, support the project - in return we get airdrop. The essence is the exchange of time and money in exchange for a certain amount of airdrop.
For deals that don’t cost anything to do, we need to trade time and effort. For deals that cost money, airdrops should be viewed as an investment with corresponding risks and rewards.
So who is suitable for airdrop? Those who are new to the market with small capital, want to use their effort and time to exchange for money. Those who are free, hard-working and diligent. Those who have money but do not know how to invest properly - Can invest in airdrop because the required capital is much smaller than other investment deals.
3. Types of airdrops and how to choose a participating position?
In the Crypto airdrop field, there are many different types of airdrops. Depending on your capital and time, you can choose the appropriate airdrop niche.
Pixel Project Listed on Binance and Airdropped Thousands of Dollars Per Wallet to Gamers
DeFi (DEX, lending/borrowing,…): Suitable for those who do not have much time but have a lot of capital. Some projects such as Restaking, everyone just needs to deposit tokens into the platform and it's done. It takes about 3-5 minutes for 1 bet. The reward rate will increase according to the capital invested.
Game/NFT bets: Suitable for those with little capital but a lot of time. However, the risks involved will also be much higher than the DeFi sector. Once you have been active in the market for a long time and understand the basic information, you can start hunting for airdrops in this sector. For example, the Pixel project. Everyone needs to participate in farming games to receive airdrops. In return, the rewards are very large ($2-$10,000).
A typical example of a genuine airdrop in this field is $ARKM: You just need to use and test the product features. Register with gmail and no cost required. Each user will receive from 200-300$ when $ARKM reaches $0.8.
Testnet, product experience: This field is suitable for those who are new to the market and have little capital. Usually these bets are free and time-consuming. However, the risk in this field is almost the lowest in the airdrop field. You can spend hours learning about the market and participating in product testing for projects.
4. How to allocate airdrop capital properly?
Capital allocation is always a good thing to do when participating in any investment activity. Airdrop is also an investment, so we need to allocate capital reasonably.
Capital here is not only money but also time and effort. All are resources that we exchange for rewards from the project. An optimal allocation for airdrop capital in my opinion would be:
65% for good deals, high airdrop potential
25% for risky bets
10% for reserve. In case a good deal suddenly appears but we run out of resources to do it.
Note: You should focus on deals with high airdrop potential, do not spread yourself too thin. Only do more projects if you have extra time. You will not be able to follow all the deals on the market. Doing too many deals will lead to a high possibility that you will not complete any of them.
Backing and getting early experience with a project takes years. If you don't manage your resources well, it's easy to abandon the project midway and watch others get airdropped.
5. Preparations for newcomers when participating in Airdrop
For beginners (newbies), participating in airdrops is not simply about receiving free money but requires careful preparation to avoid risks and maximize benefits.
a. Crypto Wallet
You will need a cryptocurrency wallet to receive tokens from projects. Popular wallets like MetaMask, Trust Wallet, or exchange wallets like Binance all support storing tokens from airdrops. Make sure the wallet supports multiple blockchains like Ethereum, BNB Smart Chain (BSC), or Solana, as each airdrop will distribute tokens on different platforms.
b. Social media accounts
Most airdrops require you to interact with social media platforms like Twitter, Telegram, or Discord to promote the project. So you need to prepare accounts on these platforms. Having a clean, active account will increase your chances of receiving an airdrop.
c. Email and registration account
Many projects require you to register an account on their website to receive tokens. Use a clean and trustworthy email to register, and keep an eye out for airdrop related announcements.
d. Information Security
One of the most important factors when participating in airdrops is security. Never give out your private keys or sensitive information to anyone. Also, only use reputable sources of information and projects to avoid scams.
e. Patience and organization
Airdrop is a long process and sometimes it takes a long time to receive tokens. You need to be patient and follow the updates from the project and check the token distribution status regularly.
6. No-code software applications Login in running Airdrops
No-code software Login is a browser automation solution that makes it easy for users to perform online tasks, including participating in airdrops, without any programming knowledge. With automation, you can minimize your time and effort, while maximizing your chances of receiving rewards from airdrops. Here’s how Gemlogin can help you:
a. Automate form filling and social media engagement
Many airdrop projects require participants to fill out forms or perform social media interactions such as liking, sharing, or retweeting. Gemlogin can automate these tasks with its action recording feature, allowing you to perform them quickly and accurately without having to repeat them manually.
b. Manage multiple accounts easily
If you want to participate in multiple airdrops with different accounts, managing each account's login and information can become complicated. Gemlogin allows you to manage multiple accounts at once without logging out, saving time and avoiding confusion.
c. Run multiple processes at the same time with different profiles
Gemlogin allows you to create multiple browser profiles, allowing you to participate in airdrops from multiple accounts and platforms without security risks. This feature is especially useful when you want to increase your chances of receiving rewards from airdrop programs by participating from multiple sources.
d. User information security
With Gemlogin's anti-detect mechanism, you can safely participate in airdrops without worrying about being detected or having your account restricted. This helps increase the safety and security of your information when participating in projects.
e. Schedule automatic participation
Another useful feature of Gemlogin is the ability to schedule tasks. You can program the actions required to participate in an airdrop and set it to run automatically. This helps you not to miss important programs, especially airdrops that have a limited time or number of participants.
7. Conclusion
Airdrops are a great opportunity for newcomers to the cryptocurrency market to receive free tokens. However, to maximize the opportunity and ensure safety, you need to prepare everything from creating a cryptocurrency wallet, social media accounts to managing personal information securely. No-code software Login provides users with an efficient automation solution, helping you easily participate in airdrops and optimize the benefits from these programs.