Crypto Airdrops: Airdrop Farmers Club

Introduction

The world of cryptocurrency is associated with a whole lot of opportunities, beyond buying and selling. The fact that people can make money in the crypto ecosystem without having to buy and sell is the other rewarding side of cryptocurrencies.

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In fact, some have not really invested their real money into buying and selling crypto assets, yet they made fortunes. This article will take you on a ride about Crypto Airdrops as we create the Airdrop Farmers Club.

Crypto Airdrops

Crypto Airdrop in its simple terms is the free distribution of a crypto asset (mostly new assets) to users as a means of building more adoption for the project or genuine reward for users who has supported a project at its infant stage.

Airdrop events oftentimes are free which means you don't have to directly buy or sell the new asset before you can get it as an airdrop. Airdrops can be a reward for performing simple tasks, working with the project, an early adopter that spreads more information about a project, and lots more. In the end, you get the asset freely (either big or little).

As much as airdrop remained a popular name in the crypto ecosystem, a lot of users who have spent a lot of years in this space have not really had an experience of how rewarding it is. Most times, users question the authenticity of a project without delving deep which has led to numerous missed opportunities.

While relatively new users are fortunate to even earn thousands of USD for taking hold of opportunities. That's tricky a bit.

_{Coingecko Airdrop Research}

Take a look at Coingecko's research on free money in 2023, how much did you make on that list? If you don't make even a cent, no worries! It's 2024, let's pick it up early. Many other airdrop events happened in 2023 that were not included in the graphic shown earlier. I can remember Solana's memecoin, Bonk giving free $100 - $4000 (and more) as Christmas gifts. And more projects like that.

Some ways to qualify for Airdrops

• Social Tasks- Some projects airdrop users as a reward for performing certain social tasks like tweeting, retweeting, liking on X, adding a new asset to watchlist on CoinGecko or CoinmarketCap, performing zealy tasks, inviting new users, making videos and so on.

• Products Interaction- A project can reward its users for interacting with their products. For example, using the swap feature of a project and other features exploration.

• Holding (Hodl)- Buying and holding an existing token (maybe a popular one on a chain) are sometimes used as a criterion to airdrop new tokens to holders.

• Providing Liquidity- Users can also earn airdrop rewards for their DeFi activities on a protocol owned by the project or other popular ones.

These are just little ways out of the numerous ways users qualify for airdrops in the crypto ecosystem.

How Airdrops are Distributed

• Direct Distribution- Users can get the airdrops distributed to their wallets based on data recorded by the project.

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• Connect Wallet- Other projects require that you connect your wallet during the claim window to claim your rewards within the timeframe. This often requires a gas fee. Arkham is one of those numerous projects that employed this method.

Risks Associated with Crypto Airdrops

• Phishing attack- Fake projects can lure you to sign a transaction that drains up your wallet.

• Dusting attack- Dust (a fake crypto or useless NFT) with good offers is sometimes shared by hackers to have a hold of your wallet's control.

• Farmer- Some projects have nothing real than farming followers and engagements on their social media accounts. It results in waste of one's precious time.

A lot of risks are attached to airdrops as such you should be aware, that there have been thousands of victims recently, even experienced users.

Airdrop Farmers Club

I am creating the airdrop farmers club which is a about sharing important updates with the audience about well-filtered and solid projects that can earn you more in the crypto ecosystem, beyond buying and selling. And maybe, you might just earn a fortune.

The model of operation is by writing a few articles weekly on general project reviews to keep you updated on happenings around the crypto ecosystem where you can dip in your hand and earn rewards for participation.

Furthermore, I will be adding interested users to my Telegram channel of 5000+ users where I share airdrop updates and perpetual futures signals daily.

What do I need to Participate in Airdrops?

• An EVM-compatible wallet (Like Metamask, TrustWallet, or Phantom on Solana).

• Other wallets like HashPack (on the Hedera blockchain), and Pera Algo Wallet (on the Algorand chain).

• Crypto exchange wallets (in some cases).

• An active X (formerly Twitter) account.

• A Discord account.

• A Telegram account. And so on!

Utilize dedicated wallets for airdrops. Don't use your main wallet that holds your main funds (or life savings).

Conclusion

In conclusion, we have just begun a race of farming airdrops but the question is how ready are you? You can easily make more from airdrops to support yourself and your family without being involved in anything dirty. We are in already!

You will be receiving more updates from me subsequently. Let's Farm!