I Made $50,000 With Crypto Airdrops? ( EARN ON AIRDROP )

Summary

This video delves into the concept of cryptocurrency airdrops, where users can earn tokens for simple tasks, exemplified by Uniswap's generous giveaway in September 2022. It explains different types of airdrops, the rationale behind them, and the potential for significant returns. The script covers the importance of creating crypto wallets, maintaining active social media for project engagement, and using specialized platforms to find profitable airdrop opportunities. It also highlights the risks, including time loss and fraud, and advises caution while emphasizing the benefits of early cryptocurrency access and minimal effort required.

Takeaways

• 💰 Crypto projects can offer financial incentives for simple actions, such as the Uniswap project giving away 400 UNI tokens to users who made transactions in September 2022.
• 🎁 Airdrops are a method of distributing tokens to users for performing certain tasks or holding specific assets, like the APAS project giving away tokens for NFT interactions.
• 🔍 There are different types of airdrops including standard airdrops, holder drops, and retribution drops, each with its own criteria and distribution methods.
• 📢 Airdrops are a marketing strategy for crypto projects to gain visibility and user engagement without direct financial investment from participants.
• 🤔 The reason behind airdrops is to attract real users who will use and promote the project, rather than just receiving tokens without contributing to the project's growth.
• 🚫 Multi-accounting or account farming can be risky and requires careful preparation to avoid detection by project systems as fraudulent activity.
• 👛 To participate in airdrops, it's essential to have a crypto wallet that supports the required tokens and features, with MetaMask and Trust Wallet being popular choices.
• 📝 Active social media presence is crucial for many airdrops, as projects often require social interactions to qualify for token distribution.
• 🔎 Finding profitable airdrop projects involves monitoring crypto news, subscribing to newsletters, and using specialized search services to stay informed about opportunities.
• 🚀 Participating in airdrops can offer early access to potentially valuable cryptocurrencies without the need for initial financial investment.
• ⏱️ Time investment in airdrops can be significant, and there is a risk of not receiving a meaningful reward despite the effort put in.
• ⚠️ There are risks associated with airdrops, including potential fraud, loss of time, and issues with token liquidity or network fees.

Q & A

What is the concept of earning money through crypto projects for simple actions?

Crypto projects sometimes offer 'airdrops' where users can earn tokens by performing simple tasks or actions, such as participating in transactions on a platform or promoting the project on social media.

What was the reward for users who made transactions on the Unis swap platform in September 2022?

Each user who made at least one transaction on the Unis swap platform was given 400 UNI tokens, which could be sold for approximately $1,300.

What did the crypto project Apus offer to users in October 2022 for a simple action?

Apus gave away 1 A1 Apus token and 12,000 A2 Apus tokens to users who simply took an NFT, which had a value of approximately $1 and $12,000 respectively.

What is an 'airdrop' in the context of cryptocurrency?

An airdrop is a marketing strategy where a cryptocurrency project distributes its tokens to a large number of wallet addresses, usually for free, to promote the project and increase its user base.

What types of tasks are typically involved in standard airdrops?

Standard airdrops usually require users to perform certain actions on social networks, such as subscribing to a channel, liking posts, making reposts, etc.

What is the difference between a standard airdrop and a 'retr' drop?

A standard airdrop requires users to perform certain actions, while a 'retr' drop is the distribution of tokens to active users of a crypto project network without prior announcement, and often the criteria for distribution are not disclosed until after the drop has occurred.

Why do crypto projects give away their tokens for free?

Crypto projects give away tokens to attract new users, increase network activity, and create advertising through word-of-mouth as users spread the word about the project on social networks.

What is the process known as 'multi-accounting' or 'account farming' in the context of airdrops?

Multi-accounting or account farming is the practice of creating multiple accounts to participate in airdrops with the aim of maximizing the rewards received from performing tasks or holding assets.

What are the security considerations when choosing a wallet for participating in airdrops?

When choosing a wallet for airdrops, it's important to ensure it supports the necessary tokens and features for receiving and storing airdrops. Cold wallets offer high security by storing cryptocurrency offline, while hot wallets provide quick access to funds but are more vulnerable to online threats.

How can one find profitable airdrop projects to participate in?

One can find profitable airdrop projects by following specialized magazines, Telegram channels, using search services like Crypto Coin Cap, Airdrops Alert, and Drops Tab, and subscribing to newsletters from popular crypto blogs and community members.

What are the potential risks associated with participating in airdrops?

The potential risks include wasting time without receiving a meaningful reward, the risk of fraud where scammers may steal assets, the possibility of receiving tokens that have poor liquidity or are abandoned by the project developers, and high network fees that may outweigh the value of the received tokens.

Outlines

00:00

💰 Crypto Airdrops: Earning Opportunities and Project Promotion

This paragraph introduces the concept of crypto airdrops, where users can earn tokens for performing simple actions. It provides examples of airdrops from Uniswap and Apes, which rewarded users with substantial sums. The paragraph delves into the types of airdrops, including standard airdrops where tasks are performed for tokens, holder airdrops for those who own certain assets, and retroactive airdrops for active users. The main reason for these giveaways is advertising and user acquisition, as projects aim to increase their visibility and network activity. The risks and benefits of participating in airdrops are also briefly mentioned.

05:03

🔐 Airdrop Participation: Wallets, Social Media, and Finding Projects

This paragraph focuses on the steps to start participating in airdrops. It emphasizes the importance of creating crypto wallets, both cold and hot, and choosing the right ones that support the necessary tokens and features. It also discusses the need for an active social media presence to meet project requirements and the methods to find airdrop opportunities, such as following specialized media, using search services, and engaging in community discussions. The paragraph advises starting with a single account and moving to multi-accounting with experience, highlighting the importance of not linking wallets to avoid detection by project systems.

10:03

🚀 Airdrops: Advantages, Disadvantages, and Risk Management

The final paragraph outlines the pros and cons of participating in airdrops. It highlights the opportunity to earn cryptocurrency for free, the lack of financial risk, the potential for early investment in valuable tokens, and the minimal effort required. However, it also warns of the potential loss of time, fraud risks, issues with token liquidity, and high network fees. The paragraph concludes by stressing the importance of verifying the legitimacy of airdrops before participating and encourages viewers to stay cautious to maximize their earning potential in the crypto space.

Keywords

💡Crypto Projects

Crypto projects refer to initiatives that utilize blockchain technology to create digital currencies or tokens and related platforms. In the context of the video, these projects often engage in airdrops, which are the distribution of their tokens to users for free or in exchange for simple tasks, as a marketing strategy to increase visibility and adoption.

💡Airdrops

Airdrops are events where cryptocurrency projects distribute their tokens to users, often for completing certain tasks or simply for holding a particular cryptocurrency. They serve as a promotional tool to attract new users and increase the token's circulation. The video discusses different types of airdrops and how they can be a source of income for participants.

💡Uniswap

Uniswap is a decentralized cryptocurrency exchange platform where users can swap various tokens without the need for a middleman. In the script, Uniswap is mentioned as an example of a project that conducted an airdrop, giving away 400 UNI tokens to users who made at least one transaction on the platform.

💡Tokens

Tokens in the cryptocurrency world are digital assets that represent a particular utility or right within a blockchain-based project. They can be traded, sold, or used within the ecosystem of the project. The video explains how users can earn tokens through airdrops and then potentially sell them for profit.

💡Multi-accounting or Account Farming

This term refers to the practice of using multiple accounts to participate in airdrops in order to increase the chances of receiving more tokens. The video warns about the risks and complexities associated with this approach, such as the need to avoid linking accounts and the potential for not receiving airdrops if patterns of behavior are too similar across accounts.

💡Social Networks

In the context of the video, social networks are platforms like Twitter, Facebook, or Reddit where users can interact and engage with crypto projects. Many airdrops require some form of social media interaction, such as subscribing, liking, or reposting, as part of the conditions to receive tokens.

💡Wallets

Cryptocurrency wallets are digital tools that allow users to store, send, and receive digital currencies. The video distinguishes between cold wallets, which are offline and more secure, and hot wallets, which are online and more convenient for participating in airdrops. Wallets like MetaMask and Trust Wallet are mentioned as popular choices.

💡Snapshot

A snapshot in the context of blockchain and airdrops is a point-in-time recording of the state of the blockchain, including wallet addresses, balances, and transactions. It is used to determine eligibility for airdrops, as projects can identify which addresses held certain assets at the time the snapshot was taken.

💡Retrdrops

Retrdrops, or retroactive airdrops, are distributions of tokens to users who were active on a crypto project's network before the airdrop was announced. Unlike airdrops, retrdrops are not announced beforehand and are given out after the fact, often as a reward for past engagement with the project.

💡Liquidity

In the context of cryptocurrencies, liquidity refers to the ease with which an asset can be bought or sold in the market without affecting its price. The video mentions the risk of tokens having low liquidity, which can make it difficult for users to sell their tokens or realize their value.

💡Risks

The video outlines several risks associated with participating in airdrops, including the potential for fraud, loss of time if the airdrop does not yield a meaningful reward, the possibility of receiving tokens with low liquidity, and high network fees that may outweigh the value of the received tokens.

Highlights

Crypto projects can offer financial incentives for simple actions, such as the Uniswap project giving away 400 UNI tokens in September 2022.

Tokens received from airdrops can be sold for significant value, like the APAS project's tokens worth approximately $1 each.

Airdrops are a marketing strategy for crypto projects to distribute tokens for performing simple tasks or promoting the project.

Different types of airdrops include standard airdrops, holder airdrops, and retribution drops (retrodrops).

Standard airdrops require social media interactions like subscribing, liking, and reposting to receive tokens.

Holder airdrops reward users who hold certain assets, such as Bitcoin, with additional coins.

Retrodrops distribute tokens to active users without prior announcement and are based on snapshot criteria.

Airdrops aim to attract real users and create genuine advertisement through network activity and social media spread.

Multi-accounting or account farming can increase airdrop earnings but requires careful management to avoid system detection.

Wallets used for airdrops should not be linked to prevent system flags for suspicious activity.

Creating and maintaining an active social network presence is crucial for participating in airdrops.

Specialized magazines, Telegram channels, and search services can help find profitable airdrop opportunities.

Crypto airdrops offer an opportunity to earn cryptocurrency without any financial investment.

Participation in airdrops carries risks such as time loss, fraud, and low token liquidity.

High network fees can sometimes negate the value of received airdrop tokens.

To participate effectively in airdrops, one should use secure wallets like MetaMask or Trust Wallet.

Staying informed and cautious is key to successfully earning from cryptocurrency airdrops.

Transcripts

did you know that crypto projects can

give you money for simple actions and

these are not empty words but real

situation September 2022 the Unis swap

project gave away 400 uni to each user

who made at least one transaction on the

platform and these tokens could be sold

for

$1,300 October 2022 crypto project apas

gave away the drop to users if you just

took the nft you would get 1 and A2 apus

tokens which is approximately as$ 1 and

12,000 and there are many cases like

this so why did users get such amount of

money for simple actions it seems like a

miracle but it is possible in this video

we will look at the topic of airdrop and

given away money for crypto projects we

will talk about what drops are how much

you can earn on it how to find

profitable project what is multitasking

and what are the risks so what are

airdrops this is giving away money for

projects for simple tasks that is you

perer certain actions or make an

advertisement to the project and it

sends you its tokens for this what types

of tasks are there in this video we will

also discuss in detail the projects give

you its tokens as the reward for

completing its tasks then you go to the

exchange sell the tokens of this

projects and take the real profit let's

understand what types of drops are and

why projects are willing to give their

money for nothing the first types of

drops is one of the most popular these

are Standard air drops what is their

essence you perform certain actions and

social network like subscribe to X put

likes make reposts and so on the next

type of drops are holders who are they

holders are people who hold certain

assets for example you bought a Bitcoin

you hold it you are Bitcoin holder for

holding different coins you get more

coins that is you just hold coins on

your wallet or on the exchange and for

this you are given some other coins

which you can then sell and make a

profit in 2017 all Bitcoin holders were

paid one to one equal ratio for Bitcoin

cash and in fact if you a hold in

Bitcoin you go Bor Bitcoin cash you

could also go and exchange and just sell

it the third type of aird drops are retr

drops retr drop is the distribution of

project tokens to active earlier user of

the crypto project Network the main

difference from airdrop is that the

distribution takes place Expos fact

without prior announcement of the retr

drop and this criteria for future

distribution often startup teams don't

talk about the drop until they come out

with an official announcement about the

talking giveaway the criteria of the

selected wallets and the snapshot a

snapshot is a snapshot of the state of

the blockchain at a particular point in

time capturing the state of wallet

addresses balances and transaction on

the network you may be wondering why

projects share with their users it is

all about advertising and marketing

let's say you have your own ambitious

project you have cool fun cool financing

cool idea but nobody knows about you you

take and put out an advert on next

Discord and so on that people can enter

your project do a few simple things and

then get tokens naturally this all

attracts a large number of people people

come in create exchanges create network

activity which is also important for

startup users receive tokens or coins

and in return spread the word about the

project on social network attracting the

attention of the other users thus both

users and cryptocurrency projects remain

satisfied imagine you participate in a

drop and you are giving away 1,000 per

account feels good doesn't it now

imagine that you had 10 such accounts

and each account give you 1,000 bucks

that is $10,000 this process is called

multi-accounting or account farming let

me say right away that a good good

multiac account requires a good enough

preparation and if you are a complete

beginner it would be better for you to

start with just one wallet because there

are different nuances the first is that

your wallets that you use for airdrops

should not be linked to each other it

should not be that you transfer from one

wallet to another and then make

exchanges this is all is very easy for

the system to see naturally drops are

not given such wallets the next point if

you make almost the same activities with

the same amounts at almost the same time

then it will also be a signal to the

system that it would be necessary to

carry out an additional check among you

well on such a wallet most likely you

will not get a drop either and as you

realize there are a lot of details here

because projects want real users to come

to them who really use the projects and

create advertisement for it therefore I

recommend you to start with one account

and already with experience mve to multi

accounts how to start taking part in

airdrop the first thing is to create

crypto wallets there are two type of

wallets cold wallet and hot wallet cold

wallet Store cryptocurrency offline

which provides a high level of security

hot wallet are connected to the internet

and provides quick access to funds hot

wallets are usually more convenient to

use participating in airdrops and they

provide e easy access and interaction

with cryptocurrency giveaways however

after receiving airdrop you can move

funds to a cold wallet for a long-term

storage and increased security before

participating in airdrops always check

if you choosen wallet supports the right

tokens and provides the necessary

features to receive and store airdrops

two of the most popular wallets are

metam musk and Trust wallet metam musk

is one of the most popular wallets

supporting many tokens based on ethereum

and other blockchains it is easy to use

in the browser and on mobile devices

trust wallet is the multi-functional

mobile wallet that supports a large

number of different cryptocurrencies it

is suitable for storing and receiving

airdrops however there are no clear

restrictions you can choose any other

wallet you want after creating it you

need to make an activity in your wallet

you can transfer Lance between wallets

and exchanges exchange crypto and the

like created crypto wallets great let's

move on the second step is to create and

actively maintain the social network you

will need active pages in where your

social network with real subscribers

this is an important aspect as many

projects require interactions through

social networks it is recommended to

create separate pages specifically for

this purpose purp this will allow you

not to clock personal accounts and keep

them private if you prefer not to

advertise your activity in the crypto

industry creating new accounts gives you

the opportunity to focus on developing

these pages in order to maximize your

airdrop earnings publish interesting

content interact with your subscribers

and actively participate in the crypto

Community the more friends and

subscribers you have the higher chances

of getting more lucky erative offers and

drops after creating and setting up your

social network the next step is to

search for projects complete tasks and

wait for tens to Ure you may wonder

where to look for this project the first

option is reading specialized magazines

and telegram channels dedicated to

cryptocurrency such sources often

publish information about new crypto

projects and upcoming airdrops to find

such me azines and telegram channels

just enter the relevant quer on YouTube

and Google read reviews recommendations

and Ed to stay up to date with all the

current offerings the second option is

to use special search services such as

crypto coin cap air drops AO and drops

tab these platforms provide detailed

information about various crypto project

including data on development teams

investors data on expected drops and

other important aspects they allow you

to effectively monitor the market and

find the most promising airdrop

opportunities in addition to this meod

it always useful to subscribe to

newsletters from popular crypto blogs

and active community members many of

them share Insider information and tips

on how to participate in airdrops

participate and fors and discussions on

Specialized platforms such as redit and

Bitcoin Point talk this will allow you

to be one step ahead and learn about new

jobs and projects before they are

massively announc it so creating an

actively monitoring social network as

well as the constant monitoring of

Crypton news and using specialized

services will help you to effectively

find projects complete tasks and get

your tokens the more active and informed

you are the more earning opportunities

you will have one of the main advantages

of participating in cryptocurrency air

drops is that that there is no need for

cash Investments you can get crypto

without any Financial costs in the worst

case you run the risk of wasting only

your time in order to objectively assess

the usefulness of participating in

airdrops let's take a look at their

advantages and disadvantages first

opportunity to get cryptocurrency for

free there is the most obious obvious

advantages of air drops you perform

simple tasks and get rewarded in the

form of cryptocurrency second no risk of

losing your money unlike investors where

you risk your money in airdrops you lose

nothing unless you transfer your assets

to your scammers third getting

cryptocurrency early you can get tokens

that can grow significantly in value in

the future thus you become an early

investor without investing your own home

fun Force minimal effort and simple

actions airdrops do not require complex

actions and significant times

Investments a few simple tasks are

usually more than enough first possible

loss of your time sometimes you may

spend a lot of your time completing

tasks and not getting meaningful reward

in the end second is a risk of fraud in

the worst key scenario scammers can

siphon off your asset at best doens May

simply not be credited third is the

problem with tokens liquidity developers

May abandon the project and the tokens

will be useless fourth High Network fees

in some cases the amount of aure tokens

may be even less than the fee for their

transfer airdrops provide a great

opportunity to make money in the

cryptocurrency world without financial

investments but this meod is not without

risk not every project announc an

airdrop actually gives out tokens you

may spend a lot of your time and end up

with a little or no profit therefore it

is important to make sure that the

airdrop is actually planned and what

portion of the funds will be distributed

to users before you start participating

hopefully this review has helped you

better understand in earning from

airdrops stay careful and cautious and

you will be able to use this opportunity

to make extra money and the work world

of cryptocurrencies I hope that after

watching this video you will start

earning on airdrops also go and watch

our other videos about earnings money on

crypto And subscribe because there is

even more interesting content about

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you was team taken see you in the new

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