Welcome to our new series, $0 - $50k Airdrop Challenge! If you are new to Crypto Airdrops, donโt really understand them or know which actions to take in order to get literally free money from the sky, let us guide you through the process. It may seem impossible to get to $50k with just Airdrops, but believe me, it is more than doable! With simple step by step Guides, we will lead you to your first Airdrop! Airdrops are the best Risk vs Reward play in the Crypto space right now. You wonโt need loads of money and hope for x100, but just some $ for fees & you will potentially be able to get 4,5 even 6 figures payday when the Airdrop happens!
There were some crazy Airdrops in the past, and all you had to do was interact with the protocol / swap tokens / provide liquidity / bridge,.. And you could get a HUGE reward! Here are some of the past big Airdrops:
- $DyDx โ Average: $15,000
- $AXS โ Average: $50,000
- $ENS โ Average: $30,000
- $UNI โ Average: $12,000
- $1Inch โ Average: $4,000
- $ARB โ Average: $2,000
These are not even mentioning any of the meme / small projects that netted some people even hundreds of thousands. You could gain this by just interacting with the protocols early. Average DeFi investor made $10k - $30k just from airdrops in 2021.
Because we believe this trend will continue this & next year too, you shouldnโt miss out on the opportunity while it exists! Nothing is guaranteed, but with low fees on $eth a and even lower on L2s, there is almost no risk and an insane reward! Because most people donโt know how to start / which protocols have the biggest potential, We will be doing this series weekly & get you step by step guides only for the best projects which could net us the biggest rewards!
You will get step by step tasks to accomplish, in order to get some juicy Airdrops & all the information you need about airdrop hunting, to maximize your returns & minimize your costs!
What even is a Crypto Airdrop & Why they exist?
Crypto Airdrops are usually a marketing initiative, where blockchain-based projects and developers sending out free tokens to members of their communities / early adopters.
Now you may ask, why would they just give tokens for free?
Airdrops are a win/win scenario for everyone. Founders get to give themselves a large amount of equity in their token, VCs that funded the company usually get a predefined % of the tokens, or a heavily discounted price to buy the tokens with a vesting period, early users get free tokens and the project gets the spotlight because Everyone is talking about the it and the airdrop.
FAQ:
1. What do I need to participate in Airdrops?
You only need a DeFi Wallet like Metamask, Trust wallet,.. for Mainnet Airdrops you will need some ETH, for the Testnet Airdrops you wonโt spend anything!
2. How much money will I need?
Itโs optimal to use at least $50+ per wallet, more is better for the Mainnet Airdrops, as volume we produce on a project usually counts! Note that you wonโt spend that money, you will be able to withdraw it anytime, you will just spend some of it for fees, but we will make sure to do most of the work on L2's where there are a lot lower fees than on ETH!
3. What is the difference between Mainnet and Testnet Airdrops?
Some of the projects are still in Testnet Phase, meaning they are on a Test Network and not on real L1 or L2 network. This means that you won't need to spend any money on fees, as you will be able to claim Testnet Funds from a Faucet for free! Most of the Testnet Airdrops are usually not worth it, as too many people are farming it / or they may even wait with the Airdrop and give it to the Mainnet users. But some of them can be highly profitable, remember Aptos - you got $5K of $APT for just minting an NFT on the testnet, and we will help you to focus just on the best ones!
4. Are all Airdrops worth your time?
Absolutely NOT, there are too many potential Airdrop opportunities, and honestly, most of them aren't worth your time. You will spend too much time for a reward of maybe few $ on most of them. Instead you should focus on the hand-picked best possible airdrops, which we will introduce to you, and farm them intensely!
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