Insider's Guide to Crypto Airdrops: Securing Free Tokens in 2024
Hi there, and welcome to The Insider's Guide to Crypto Airdrops. This guide is perfect if you want to understand everything about crypto airdrops, clear, and straightforward insights without the technical overload. We promise to keep it simple and avoid the confusing terminology.
As we're gearing up for “Stage 3” of our launch (check our roadmap) it's the perfect time to dive into airdrops.
In this guide, you'll discover the A to Z of crypto airdrops—from what they are and how they work, to how you can spot and participate in the good ones ;) Whether you're a complete newbie or have a bit of knowledge, we will walk you through every step with easy-to-understand examples and tips. Plus, we'll share insider secrets on how to maximize your gains from airdrops while minimizing risks.
Why Do Projects Give Away Free Tokens?
Let's dive deeper into why crypto projects are giving away tokens for free through what's known as airdrops. An airdrop is the process of sending tokens to selected wallet addresses or users who meet certain criteria. Projects are not just about giving away freebies; they're about creating an engaged, and loyal community that's invested in the project's success. It’s used to raise awareness and adoption of the project.
The key goals of conducting airdrops are:
- Building a Community: Airdrops unite users around a project, sharing success and fostering a sense of belonging.
- Rewarding Loyalty: They thank existing supporters with free tokens, encouraging them to stay invested and showing appreciation.
- Decentralizing Token Ownership: Distributing tokens broadly prevents concentration in few hands, promoting fairness and equity.
How to quality for airdrops
Projects aim to incentivize users who actively engage with their product and contribute to community growth. The allocation of tokens, whether more or less, is different for every project. Here are some of the most common factors that can increase your chances of receiving a larger token allocation.
App Activity
The more you use their product the better, here are some common actions.
- Total transfers you make over time.
- Total volume transferred.
- Variety of interactions (transfer, swap, bridge, etc).
- Referred traffic to the protocol and the activity of that traffic.
Your wallet
Because we are using blockchains, a project can view the assets in your wallet and this could determine your airdrop allocation, these are some things they can look out for:
- How many and how valuable are your tokens.
- Holding specific tokens or NFTs can give you an advantage.
- Age of the wallet and activity.
Social Engagement
Some projects are using “points” to prequalify their users for airdrops, you can find them using platforms like Galxe , Layer3 and Zealy to keep track of the user engagement and launch different campaigns. Here are some common tasks:
- Follow, Like, comment and retweet specific posts on X.
- Join and be active in telegram and discord.
- Visit the youtube channel, view content and subscribe.
- Read documentation, and whitepaper.
Finding the Best Airdrops in 2024
Keeping pace with the quickly expanding crypto landscape can be overwhelming. But staying informed about the most promising airdrops can significantly impact your crypto portfolio. Bellow is a list of sources you can use to keep ahead of the curve.
Crypto Twitter (CT): Curate and follow the right accounts, influencers, analysts, developers and builders to get insights on what the best up and coming tokenless (don’t have a token yet) projects are. DYOR! (do your own research).
Youtube: If you prefer to watch videos than reading, there are some high quality channels that cover this topic and can give you insights into what projects are likely to have airdrops and how to increase your chances to qualify for the airdrop.
Points Platforms: Browse the discover pages of platforms like Galxe, Layer3 and Zealy to find quests and campaigns from different projects that are gearing up for an airdrop. For example t3rn is hosting campaigns on Galxe that will reward participants with Airdrop benefits and other prizes. Here’s the link to join the Pre-Launch Campaign with Prize Pool of $2000 in USDT.
Airdrop Website Aggregators: These Airdrop website aggregators are platforms that compile and provide information on airdrops.
Your Go-To Checklist for evaluating Airdrops in 2024
Consider the following factors, assess the potential risks and rewards associated with airdrop opportunities.
Recap: Key Takeaways
Congratulations on making it to the end. You've learned the essentials of crypto airdrops, uncovering the what, why, and how of these free tokens.
Bellow are the main takeaways.
- Purpose and Benefits: You've learned that airdrops are more than just free tokens; they're a tool for projects to build an engaged community, reward loyalty, and ensure a decentralized token distribution.
- Qualifying Factors: The guide highlighted the importance of active engagement with projects, from using their services to participating in community activities and maintaining a diversified wallet. These actions increase your chances of being selected for airdrops.
- Finding Airdrops: You now know where to look for upcoming airdrops—leveraging Crypto Twitter, YouTube, points platforms like Galxe, Layer3, and Zealy, and staying updated through airdrop website aggregators.
- Evaluating Airdrops: The checklist provided serves as a comprehensive guide to assess the legitimacy and potential of airdrop opportunities, ensuring you make informed decisions.
Final Thoughts
Armed with this knowledge, you're well on your way to adding value to your crypto portfolio through airdrops but you must have in mind that nothing you do guarantees getting an airdrop, it just increases your chances. The key is to tay informed, active, and engaged within the crypto community.
A final tip I give you is to join Warpcast, it’s slowly becoming a strong contender to Twitter and there’s a lot of interesting crypto conversations happening in there. Here’s the link to t3rn’s warpcast account, come and say hi!
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About t3rn
t3rn has been created to offer a fresh approach to the problem of blockchain interoperability, the ability for blockchains to communicate and interact with one another. t3rn offers fast, secure and cost-efficient swapping, optimizing cross-chain executions by leveraging the modular layers of the t3rn stack for storage, validation, settlement and consensus.
t3rn is the modular interoperability layer, offering superior swapping for users and powerful modularity for builders.
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