Hi there, Chiboy here
Today I’ll be taking you through a productive and progressive journey on starting out on the crypto space with little or no investment.
By now some of you might have heard about airdrops, if you haven’t heres your chance to learn about it.
Airdrops simply refers to a way of distributing free tokens to users. They are commonly used to create awareness about a project, reward users for certain task and or create a community. They are popular with projects big and small.
What are Airdrops?
Airdrops are a method of distributing free tokens to potential users. More recently, they've been used to create DAOs by transferring ownership and responsibilities from a core team to its decentralized users.
Airdrops can be used to do a number of different things:
- Reward loyal users
- Generate excitement around a project
- Identify potential customers open to new products or services
- Incentivize followers to perform certain tasks that help the project grow, whether that's sharing social media posts or creating an account on a platform.
How do airdrops work?
These are ways in which airdrops can be gotten. Generally, they can be announced or unannounced.
Announced Airdrops: These are airdrops announced on social media like twitter, medium, reddit, discord etc… with a fixed date and time frame for release. Hence awareness creation in the crypto community and often have specific tasks attached in order to be eligible. These may include liking their page/ upvoting a post, following their social media handles, submitting your wallet address, interacting with a dex etc.
Unannounced Airdrops: These airdrops involve selecting specific wallet addresses and randomly dropping tokens without the user knowing where they came from. More recently, these are used as rewards to loyal users on a chain. These are typically used to surprise and delight customers.
How do you find out about them?
You can always get updates and find diverse airdrop on different chain on twitter, reddit, medium, airdrop telegram channels and sometimes on facebook. However, the later is limited to users following specific crypto communities.
Things you need to get them
The following are things you need to get started on this journey:
• Facebook account
• Telegram account
• Twitter account
• Trustwallet
• Metamask
• Medium account
• Reddit account
• A good keyboard that allows pining (IOS or Andriod).
This helps you pin your wallet addresses, social handles, links etc.
Did you know?
When Uniswap airdropped 400 UNI tokens to each affiliated address in September 2020, the tokens were valued at between $3 and $4. At their height, in May 2021, they sold for nearly $45.
I hope you decide to take a bold step today into the crytpo ecosystem. Success always starts with small beginings.
Thanks