Web3 Airdrop Guide: A Systematic Approach from Understanding to Practice

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The Two Main Groups in the Web3 Field: Speculators and Airdrop Participants

Although the opportunity to gain huge profits through Airdrops is gradually decreasing, this method of token distribution will still exist in the long term.

The cryptocurrency industry is still in its early stages, and we pioneers still have the opportunity to benefit from the industry's development in the next one or two years.

For newcomers to Web3, participating in airdrops is a great way to learn. By interacting with different projects, one can not only build their own understanding and methodology but also have the opportunity to receive airdrop rewards as positive feedback for their learning.

Web3 Airdrop Beginner's Guide: Every newcomer in the industry is advised to start with Airdrops, learning while earning!

How to Get Started Participating in Airdrop Activities?

In any field, newcomers can start from three dimensions: cognition, methods, and tools.

Cognition is the understanding and mindset of the industry, which requires long-term accumulation to form one's own thinking model.

Methodology refers to specific and actionable strategies that can be broken down into different modules and capabilities to guide daily operations.

Tools are auxiliary means used in daily life, and the right tools can greatly enhance efficiency.

01 Cognition: Establishing a Global Perspective

The essence of Airdrop

Airdrop is the act of a project team distributing tokens for free to community members or specific user groups when issuing tokens.

The motivation of the project party

On one hand, it is to cold start the project and attract users to participate in product development; on the other hand, it is to expand the ecosystem and promote positive circulation. From a trading perspective, it can also be understood as expanding the capital pool.

The significance of participating in an Airdrop

The goal should be to accumulate initial funds rather than expecting to get rich quickly. Participating in new projects can help maintain market sensitivity, grasp development directions, and enhance project analysis skills. By selectively participating in projects, one can achieve certain returns and learn while earning.

Airdrop project selection

Consider primarily from two dimensions: first, choose tracks with high potential, such as Layer 2 and other infrastructure fields; second, focus on the leading projects in each track, usually one to two main competitors.

02 Method: Build a Systematic Strategy

The most critical abilities for participating in an airdrop are project analysis skills and capital management skills.

Project Analysis Capability

Focus on leading projects, especially industry infrastructure and track leaders. Evaluation criteria include team background, financing situation, operational mechanisms, technological innovation, product data, and user feedback, among others. Most importantly, personally experience the products to accumulate judgment.

Capital Management Ability

You need to consider the following points:

  • Preventing Witch Attacks: Avoid related transactions between different wallet addresses.
  • Rich on-chain data: Multi-chain interaction, maintain activity
  • Improve capital utilization efficiency: choose low-fee time periods for interaction
  • Risk Control: Especially for early projects, pay attention to fund safety.
  • Cost Management: Distinguish between key investments and light participation

Participating in an airdrop is a systematic project that requires a comprehensive understanding of on-chain interactions.

03 Tools: Build Your Personal Armory

Recommended Tools

  • DeFi Analysis: Defillama
  • Project Background Research: RootData
  • Asset Management: Debank
  • On-chain data analysis: Dune

Task Platform

Some mainstream wallets and professional platforms offer airdrop tasks:

  • Cryptopedia of a certain trading platform wallet
  • Airdrop platform of a certain DEX
  • Earning Center of a Certain Wallet
  • Galxe, Layer3, RabbitHole, QuestN and other task platforms

Information Channel

Follow the shares of some senior participants, such as Bing Frog, Feng Mi, Sanyi, He Bi, Zhaozhao, etc. They provide insights and experiences from different perspectives.

Finally, the simplest way to get started is to buy some digital assets and experience decentralized applications firsthand. Only by participating can one truly understand this industry.

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MidnightGenesisvip
· 8h ago
On-chain data has long revealed the late-night deployment tricks.
View OriginalReply0
CoffeeOnChainvip
· 08-12 06:03
Again seeking a way out for new suckers.
View OriginalReply0
AltcoinAnalystvip
· 08-11 07:52
According to historical data, 95% of Airdrop projects drop to zero within 3 months...
View OriginalReply0
ShadowStakervip
· 08-11 07:52
meh... another wave of airdrop farmers incoming. network congestion in 3...2...1...
Reply0
RooftopReservervip
· 08-11 07:44
Is this the Airdrop? It's been for suckers for two years now.
View OriginalReply0
MoonRocketTeamvip
· 08-11 07:36
Dopamine is full, ready to da moon. See you later in the space capsule.
View OriginalReply0
CryptoSourGrapevip
· 08-11 07:25
If I had gotten on board a few years earlier, I would have been financially free by now. Sigh.
View OriginalReply0
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