How to Earn Crypto Airdrops in 2024

GxbA...96rp
26 Dec 2023
47

If you are interested in the world of cryptocurrencies, you may have heard of crypto airdrops. These are free distributions of tokens or coins to the users of a blockchain network, usually as a way to promote a new project, reward loyal supporters or users, or increase awareness and adoption. It rains airdrops on Gamic sometimes, too.
But how do you find and claim crypto airdrops? How do you tell the difference between legitimate and scam airdrops? And how do you convert your airdropped tokens into real money? In this article, I will explain

  • What crypto airdrops are
  • How to get them
  • What are the top 7 crypto airdrops in 2023 and 2024
  • How to avoid scam airdrops
  • How to claim airdrops safely
  • How much you can earn from them
  • and how to convert them to real-world money

I will also share some tips and tricks on how to maximize your earnings from crypto airdrops in 2023 and 2024.
How to Earn Crypto Airdrops in 2023 and 2024

What are crypto airdrops?

Crypto airdrops are essentially free digital assets that are sent to the wallets of eligible users. They can be done by existing projects that want to reward their community members, or by new projects that want to attract attention and users. There are different types of airdrops, such as:
Snapshot airdrops: These are based on the snapshot of the blockchain at a certain date and time. Users who hold a specific coin or token at that moment are eligible to receive the airdrop. For example, Optimism Airdrop 1 was given to users who had bridged their ETH or ERC-20 tokens off of Ethereum to other Layer 1 or Layer 2 networks at least 90 days before the snapshot date. The airdrop was worth a total of 500 million OP tokens, and each eligible user received a pro-rata share of the tokens.
— Claim airdrops: These require users to claim the airdrop manually by following some steps, such as filling out a form, joining a social media group, or downloading an app. For example: The Graph (GRT) airdrop: In 2020, The Graph airdropped its native token, GRT, to Ethereum wallet addresses that had interacted with the Graph protocol. To claim the airdrop, users had to connect their Ethereum wallet to the Graph website and claim their GRT tokens.
— Holder airdrops: These are similar to snapshot airdrops, but they are distributed over time based on how long users hold the tokens or coins in their wallets. For example; ONT airdrop to NEO holders. In 2018, Ontology (ONT) airdropped its tokens to NEO holders. To be eligible, NEO holders had to hold their tokens in a supported wallet at the time of the snapshot. The airdrop was a way for Ontology to reward NEO holders and promote its project.
Referral airdrops: These reward users for inviting other people to join the project or platform. Users can earn more tokens or coins by sharing their referral links or codes with others. For example, Theta Network Airdrop: This airdrop gave away Theta tokens to participants who watched videos and shared the airdrop with their friends.
Registration airdrops: These require users to sign up for a website, newsletter, app, or platform using their email address or social media account. Users may also have to complete some tasks, such as verifying their identity, referring friends, or answering surveys. For example, ENS Airdrop: In November 2021, ENS airdropped ENS tokens to each Ethereum address that had registered an ENS name before November 1, 2021. This airdrop was worth over $500 at the time.
Social media airdrops: These involve following, liking, commenting, or sharing posts from the project’s social media accounts, such as Twitter, Telegram, Facebook, or Reddit. Users may also have to tag their friends or use hashtags to spread the word. For example: Airdrop for the Elrond Maiar Exchange: In 2022, Elrond Maiar Exchange airdropped its EGLD tokens to users who had registered their wallets on the Maiar Exchange website. To be eligible, users had to complete a few social media tasks, such as following the Maiar Exchange Twitter account and retweeting a promotional tweet.
— Wallet airdrops: These are distributed to users who download and install a specific wallet app or software on their devices. Users may also have to create an account, enter a referral code, or send some transactions to receive the airdrop. For example, if you downloaded and used Trust Wallet in 2019, you would have received TWT tokens as an airdrop.

How to get crypto airdrops?

To get crypto airdrops, you need to meet some criteria and follow some instructions. Depending on the type and purpose of the airdrop, you may need to:

  • Have an account on a specific exchange or platform that supports the airdrop
  • Hold a certain amount of tokens or coins in your wallet at a specific time
  • Register for the airdrop with your email address or phone number
  • Join the project’s social media channels, such as Telegram, Twitter, or Facebook
  • Complete some tasks, such as watching videos, answering surveys, or testing apps
  • Refer other people to join the project or platform
  • Complete onchain activities from your wallet address (swaps, token bridging, crypto crowdfunding, etc.)

There are many ways to find and claim crypto airdrops. Some of the most popular methods are:
Airdrop websites: These are platforms that list and review various crypto airdrops. They usually provide information such as the name of the project, the amount, and value of the tokens, the eligibility criteria, the distribution date, and the instructions on how to participate. Some examples of reputable airdrop websites are Airdrop Alert, Airdrops.io, and CoinMarketCap Airdrops.
— Airdrop newsletters: These are email subscriptions that send regular updates on the latest and upcoming crypto airdrops. They typically provide similar information as the websites but also include exclusive offers and tips. Some examples of reliable airdrop newsletters are Airdrop Weekly, Airdrop King, and Airdrop Bob.
Airdrop bots: These are automated programs that run on messaging apps such as Telegram or Discord. They typically interact with users through commands or buttons and guide them through the steps to join an airdrop. They may also require users to join certain groups or channels to receive notifications on new airdrops. Some examples of popular airdrop bots are AirdropRating Bot, Crypto Adventure Bot, and Crypto Airdrops Bot.
-You can also follow crypto influencers on social media who often share information and tips about airdrops. For example BMS, Ardizor, Xremlin, Cryptocrushmia etc


What are the top 7 crypto airdrops in 2023 and 2024?

There are many crypto projects that plan to launch or distribute their tokens or coins through airdrops in the next two years. Here are some of the most promising ones that you should keep an eye on:

  1. Mint Fun: With this dApp, you can mint trending NFTs on multiple chains, including Ethereum, Zora, Optimism, and Base. What to try? Mint the Fundrop pass. Mint NFTs on Zora, Base.
  2. Odos Protocol: It’s a dex aggregator that supports 50+ dexes. Odos.xyz Try the Swap feature. Try on Base, zkSync Era also.
  3. Bungee by Socket ($5M): bungee.exchange — Choose networks and tokens. Click View Routes to select Stargate (for Layerzero transactions). Click Review Route and then Bridge. Approve transaction. Pay attention to volume, frequency, and the chains used could be important. Use the Refuel section for gas.
  4. AARNÂ: Early Rewards Program. Explore @aarnasays: Ethereum & Arbitrum-based, interoperable, AI-powered asset management. aarnâ optimizes your DeFi journey with autonomous alpha insights. AIRDROP confirmed!
  5. @DX25Labs: Testnet is live. 100,000 USD DX25 Testnet Rewards Program! Also potential AIRDROP on their launch! Free strategy.
  6. NANSEN: Raised $88.2M at a $750M valuation! Join the waitlist at nansen.ai/early-access/. Write email and click Join Waitlist. Verify your email. Around 10 minutes to arrive, if doesn’t work click Send Again. FREE to join.
  7. Valicit Mint: https://venom.network/tasks/valicit If you’re completely new to Venom, make sure to follow the full guide.

Is airdrop real or fake? And how to identify scam airdrops

Unfortunately, not all crypto airdrops are genuine. Some of them are scams that aim to steal your personal information, your funds, or your identity. Scam airdrops may use various tactics to trick you, such as:

  • Asking for your private keys or passwords: This is the most obvious red flag. Never share your private keys or passwords with anyone, as they can access and drain your funds. Legitimate airdrops will only ask for your public address or username, which are safe to share.
  • Asking for a deposit or a fee: This is another common scam. Never send any money to anyone to receive an airdrop, as they will likely disappear with your funds. Legitimate airdrops are free and do not require any payment.
  • Asking for excessive personal information: This is a more subtle scam. Some airdrops may ask for your name, email, phone number, or ID verification, which are reasonable and common. However, some airdrops may ask for more sensitive information, such as your bank account, credit card, or social security number, which are unnecessary and risky. Legitimate airdrops will only ask for the minimum information needed to verify your identity and eligibility.
  • Offering unrealistic rewards: This is another way to lure you in. Some airdrops may promise you huge amounts of tokens or coins, worth thousands or millions of dollars, which are too good to be true. Legitimate airdrops will offer realistic and reasonable rewards, based on the market value and supply of the tokens.

How to claim airdrops safely?

To avoid falling victim to scam airdrops, you should follow some basic precautions, such as:

  • Do your research: Before joining any airdrop, you should do some background check on the project and the team behind it. You can look for their website, whitepaper, social media accounts, and reviews from other users. You can also use tools such as Etherscan or BscScan to verify the contract address and the token supply of the project.
  • Use a separate email address: To protect your privacy and security, you should use a different email address for signing up for airdrops. You can use services such as Gmail, ProtonMail, or Temp Mail to create disposable or anonymous email accounts.
  • Use a separate wallet address: To avoid exposing your main wallet address and balance, you should use a different wallet address for receiving airdrops. You can use services such as Gamic wallet, MetaMask, Trust Wallet, or Coinomi to create multiple wallet addresses on different blockchains.
  • Use antivirus software: To prevent malware or phishing attacks, you should use antivirus software on your devices. You can use services such as Avast, Malwarebytes, or Kaspersky, to scan and protect your devices.

How much can you earn from airdrops?

The amount of money you can earn from airdrops depends on several factors, such as the value of the token, the number of tokens you receive, the demand and supply of the token, and the market conditions. Some airdrops may give you only a few cents worth of tokens, while others may give you hundreds or even thousands of dollars worth of tokens.
The value of the tokens:
The value of the token is determined by the project behind it, its vision, its team, its roadmap, its partnerships, its use cases, its adoption, and its innovation. The more promising and successful the project is, the more valuable its token will be. You should look for projects that have a clear and realistic vision, a strong and experienced team, a detailed and achievable roadmap, strategic partnerships with reputable organizations, real-world use cases that solve problems or create value, high adoption and user base, and innovative features that set them apart from competitors.
The number of tokens you receive:
The number of tokens you receive is determined by the distribution method and the criteria of the airdrop. Some airdrops may give you a fixed amount of tokens for completing certain tasks or meeting certain requirements. Others may give you a proportional amount of tokens based on your holdings of another coin or your participation in another platform. Some may even give you a random amount of tokens based on luck or chance.
The demand and supply for the tokens:
The demand and supply of the token are determined by the market forces of buyers and sellers. The more people want to buy the token, the higher its price will be. The more people want to sell the token, the lower its price will be. The demand and supply of the token may change over time depending on various factors, such as news, events, trends, hype, sentiment, regulations, competition, etc.
The time of the airdrop:
The market conditions are determined by the overall state of the crypto industry and the global economy. The market conditions may affect the price and volatility of all cryptocurrencies, including your airdropped tokens. The market conditions may be influenced by various factors, such as innovation, adoption, regulation, security, scalability, interoperability, etc.

How to convert your crypto airdrops to real-world money

Once you have received your crypto airdrops in your wallet, you may want to convert them to real-world money for various reasons. You may want to cash out your profits, diversify your portfolio, buy something with fiat currency, or simply enjoy your rewards.
There are different ways to convert your crypto airdrops to real-world money, depending on your preferences and needs. Here are some of the most common methods:
- Exchange: You can use an exchange platform like Gamic off-ramp that supports your token and allows you to trade it for another cryptocurrency or fiat currency. You will need to:

  1. Create an account on the exchange platform (if you don’t have one already),
  2. verify your identity (if required),
  3. Deposit your tokens from your wallet to the exchange platform’s wallet address (if not already done),
  4. Select the trading pair (e.g., token/USDT),
  5. enter the amount you want to sell (or buy),
  6. confirm the transaction (and pay any fees),
  7. and withdraw your funds from the exchange platform’s wallet address to your bank account or another wallet address.

Swap: You can use a swap platform that allows you to exchange your token for another cryptocurrency without creating an account or verifying your identity. You will need to connect your wallet to the swap platform (if not already done) or use Gamic, select the token you want to swap and the token you want to receive, enter the amount you want to swap (or receive), confirm the transaction (and pay any fees), and receive your funds in your wallet.
— Sell: You can use a P2P platform that allows you to sell your token directly to another person for fiat currency or another cryptocurrency.
— Spend: You can use a spend platform that allows you to spend your token directly on goods or services without converting it to fiat currency or another cryptocurrency. You will need to create an account on the spend platform (if you don’t have one already), verify your identity (if required), browse the available goods or services, select the ones you want to buy, enter the amount and token you want to pay with, confirm the transaction (and pay any fees), and receive your goods or services.

Conclusion

Crypto airdrops are a great way to get free cryptocurrency and learn about new projects. However, they also come with some risks and challenges that you should be aware of and prepared for. By following the tips and tricks in this article, you can claim airdrops safely, earn a decent amount of money from them, and convert them to real-world money easily. I hope you enjoyed this article and found it useful. If you did, please share it with your friends and family who may be interested in crypto airdrops. Thank you for reading and happy airdropping!

Write & Read to Earn with BULB

Learn More

Enjoy this blog? Subscribe to bonxgdr

6 Comments

B
No comments yet.
Most relevant comments are displayed, so some may have been filtered out.