I Made $50,000 With Crypto Airdrops? ( EARN ON AIRDROP )
Summary
TLDRThis 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
💰 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.
🔐 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.
🚀 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.
Mindmap
Keywords
💡Crypto Projects
💡Airdrops
💡Uniswap
💡Tokens
💡Multi-accounting or Account Farming
💡Social Networks
💡Wallets
💡Snapshot
💡Retrdrops
💡Liquidity
💡Risks
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
crypto and earnings on the Channel with
you was team taken see you in the new
video
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