What is Crypto Airdrop and how to make money from it? (Part 1)

Airdrop or Crypto Airdrop has become a common marketing tactic to advertise new cryptocurrency projects. Crypto Airdrop is a free distribution campaign of new cryptocurrency tokens to drive awareness and build communities quickly, as well as help to put an early value to a token as recipients may begin to trade their airdropped tokens.

New projects may airdrop crypto into your wallet as part of an initial offering, or as a reward for promoting the brand. News of an upcoming airdrop is usually posted on a crypto project's website or third-party airdrop tracker, and shared across social media platforms like Telegram, Twitter, Facebook... where many cryptocurrency enthusiasts can see.

How to find crypto airdrops projects?

There are tons of airdrop projects outhere, some of them are scam and you won't get any money if invest in them. So choosing quality airdrops is crucial if you want to invest your time and effort. Here are some way you can find reputable airdrops:

Airdrop aggregators: Websites like Airdrop Alert, AirdropBob, and AirdropKing list upcoming and ongoing airdrops.
Social media and forums: Follow crypto influencers and join forums like Reddit and BitcoinTalk where airdrop announcements are often made.
Official project channels: Subscribe to the official Twitter accounts, Telegram groups, and newsletters of blockchain projects to stay informed about airdrops.

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Airdrop could be considered the fastest and less costly way to promote a crypto project.

For example, there are over 9,000 listed coins on Coinmarketcap, which means that new cryptocurrency projects looking to attract investors and supporters will need to employ some very creative tactics to make themselves stand out from these other 9,000 projects out there.

Aside from promoting the projects extensively via social media, press releases, and crypto blogs - which can cost a lot of money - conducting an airdrop campaign is more efficient at a much lower cost. But why?

Because most crypto enthusiasts, especially those with small to no crypto holdings, love airdrops simply because they see them as free money. And in some cases, these free monies could appreciate over time or surge suddenly, providing massive profits at zero capital. So it's a win-win situation for both the project and investors.

Alert: Be careful of scams and phishing

Because airdrop attracts many crypto enthusiasts, many projects take advantage of that to exploit and steal from investors. Fake sites often pay to advertise on both search engines and social media to lure in victims. Even accidentally mistyping an URL can direct you to a copycat fake site. Therefore, be very careful of which airdrops you sign up for.

Firstly, if an airdrop requires you to send any funds to its project, it is almost certainly a scam!

Secondly, if you’re holding a valuable sum of crypto assets on your wallet address, and you use this wallet to register for an airdrop campaign, you could theoretically get targeted through phishing, SIM swap, and other hacking attempts, or real-life extortion and violence. Therefore, it’s best to create a new wallet specifically for airdrops.

Tips for safe participation in crypto airdrops

By following these detailed tips, you can safely and effectively participate in airdrop campaigns, minimizing risks and maximizing potential rewards.

Avoid scams

One of the most important rules in cryptocurrency is to never share your private key. Legitimate airdrop projects will never ask for your private key.

If you encounter an airdrop that requests this information, it is almost certainly a scam. Your private key is the gateway to your funds, and sharing it can lead to irreversible loss.

Verify authenticity

Verify the airdrop details from multiple reputable sources such as established cryptocurrency forums, trusted news websites, and official social media channels of the project.

Use a separate wallet

To minimize the risk of exposing your main wallet to potential threats, create a new wallet specifically for airdrop participation. This separation helps contain any potential issues to the new wallet.

Manage multiple accounts safely

As mentioned earlier, having multiple accounts increases your chances of receiving rewards. However, keeping these multiple accounts on the same device is not secure, as websites have various ways to detect multiple account usage. Use appropriate tools to help you manage multiple accounts safely and avoid being suspended.

Stay updated

Regularly check the project's official communication channels for updates on airdrop details, changes in requirements, or deadlines. Staying informed helps ensure you don’t miss out on important information.

How do you eligible for an airdrop?

The first step is to create a crypto wallet because the airdrop involves a transfer of cryptocurrencies. And projects usually ask for your wallet address whenever you participate in any airdrop campaign. Notably, as we mentioned above, you should create a new wallet specifically for airdrops.

Besides, choose carefully which crypto wallet you should use for better security.

After that, you will need to track down new airdrop campaigns. Because airdrops are like the lottery - you may win if you are lucky, so the best option is to participate as much as possible. Here are some ways to track down crypto airdrops:

Find dedicated crypto airdrop websites, similar to signing up for promotions from a store you regularly buy from.
Following airdrop aggregators and signing up for their exclusive airdrops.
Check social media for the #airdrop hashtag.
Signing up for new platforms to take advantage of any airdrop campaigns they offer.
Be an active user of different cryptocurrency services, products, platforms, and blockchains.

Widiland Airdrop

In most cases, users need to complete certain tasks in exchange to be able to participate in the Airdrop campaign like:

Following an account on social media like Twitter, Telegram...
Sharing or retweeting one of their posts, including hashtags.
Sending or receiving a transaction (using a particular crypto platform or wallet).
Creating an account and signing up to receive updates.

Those who complete these tasks then become the participants of the airdrop. Once the date of the airdrop arrives, the platform transfers the promised amount of its own virtual currency to some lucky winners. Because the number of participants is too enormous, even completing all the listed tasks will not guarantee you an airdrop.

Even if you win the airdrop (very likely that you won't), with a single account that wins an airdrop campaign, you may earn about 5-10$ or a maximum of 20-25$ if you are very lucky.

So if you just want to earn some free money (with the chance is less than winning the lottery), you are totally fine with just 1 account. However, if you want to make a bulk of free money (everyone wants that but not many know how to), you have to use multiple accounts to participate in airdrops!

So how do you create and manage multiple accounts for airdrops??? Everything will be clarified in What is Crypto Airdrop and how to make money from it - Part 2!

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