How_an_Absolute_Beginner_Made_$600_from_Binance_Alpha_Airdrops_in_Spare_Time

in #perp • 2 months ago

I owe gratitude to Alpha, AnAn, my mentor, CCTV, and even the neighbor’s dog 😆. As a newcomer to airdrops, I successfully earned over $600 in rewards, which has me incredibly excited!

My mentor observed that I get excited too easily—just a few hundred dollars and I'm this enthusiastic. However, as an intern, this truly feels like a significant achievement for me. Additionally, it's my first airdrop project (I'm currently managing three simultaneously), and I've maintained a 100% success rate so far, which is fantastic! Here's a recap:

Why I Was Able to Earn This Money

  1. Luck was a factor: It's uncommon to encounter airdrop projects that are both quick and lucrative like this one. Most initiatives require extended periods, often causing beginners to lose motivation and miss opportunities. Fortunately, I achieved positive outcomes early on—avoiding potential pitfalls with this project.

  2. I grasped the project and embraced experimentation: Thanks to my mentor's guidance on various airdrop models, I navigated Alpha's trading volume approach, which proved simpler than on-chain alternatives. Once I understood it, I developed my own standard operating procedure and initiated participation immediately after cost calculations. (At that stage, it wasn't widely known, and tutorials were scarce.)

Why I Only Made a Few Hundred Dollars

  1. Limited capital: I exercised caution in each round due to cost concerns. Based on my mentor's analysis, I could have doubled my earnings with a full commitment. Multiple accounts might have multiplied gains, but I'm currently resource-constrained—I need to continue working to improve that situation.

  2. Influence from my mentor: He indicated that Alpha could harm the ecosystem long-term and lacks sustainability. Aware of early profit potential, he chose not to participate himself but recommended it to me. Consequently, I'll share the responsibility 😅.

  3. AnAn’s airdrop differs from traditional models: Multiple accounts necessitate KYC verification, which was cumbersome. Thus, I opted out. However, I've since learned strategies from my mentor and will be prepared for future opportunities.

Future Plans

  1. Alpha returns are declining: I'm shifting focus to other projects recommended by my mentor. Since they're not yet crowded, I'm adding accounts early to capitalize on the timing.

  2. Continue with Metora LP: Despite minor losses from inexperience (not the airdrop itself, but from trading mechanisms for earning points), my mentor suggested this could be the year's largest airdrop. I'll persevere. Last night's LP execution yielded excellent results.

With less than $100 invested, I doubled it through fee rebates alone while accumulating substantial airdrop points.

Honestly, grinding airdrops can be isolating, so I plan to share more beginner-friendly guides and insights from my perspective. Writing also aids my learning and growth. Please give me a like—I could use the encouragement!

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