Yesterday I heard a saying: The essence of pursuing wealth is the pursuit of freedom.
Collecting airdrops may not allow you to make quick money, but it can provide you with freedom in life. I wanted to write a comprehensive guide a long time ago, but only now have I finished the mind map, so let's start sharing.
First part, safe deposits and withdrawals.
There's not much to say about deposits; the C2C trading provided by the exchange is very safe and efficient.
Withdrawal requires some research; if you accidentally receive dirty money, leading to the freezing of your Alipay/WeChat/bank card, the impact on life can be significant.
There are three methods for withdrawal:
First, C2C withdrawal.
1. Always make small withdrawals; don’t be afraid of trouble.
2. Use a less commonly used bank card.
This way, if you receive dirty money and it gets frozen, it will only freeze a small amount of funds in this rarely used bank card, minimizing the impact on your life.
Second, withdrawals from acquaintances.
The method is the same as C2C withdrawal, adjust the amount based on trust levels.
Third, withdrawing from Hong Kong banks.
Search for 'Hong Kong banks withdrawing USDT', which is a legal channel.
Second part, collecting airdrops.
Binance was the first platform I interacted with. I started tasks in early March, received my first airdrop on March 25, and have earned 150 USDT so far. Based on the capital scale, the annualized return has already exceeded 100%.
Binance airdrops are divided into exchange-based Launchpool and wallet task airdrops. The former requires staking BNB or USDC to receive airdrop rewards, so some friends are focused on accumulating BNB.
Regarding Launchpool, it usually requires staking BNB, and it's important to note that:
First, if you buy BNB temporarily for staking, the price of BNB will likely drop during the staking period, consuming the airdrop profits. Therefore, a response is to open a short position with the same amount during the staking period to hedge risks.
Second, sell the air tokens obtained from staking as soon as possible (generally listed at 6, 7, or 8 PM), and exchange them for stablecoins (USDT) or mainstream coins like BTC, ETH, or BNB.
Airdrops are categorized based on the timing of the airdrops, from fast to slow: PancakeSwap new investments, trading competitions, staking activities, and interaction activities.
First, PancakeSwap new investments, quick entry and exit, listing time does not exceed 1 hour, and you can receive the airdrop and sell it immediately after the event ends.
It should be noted that:
1. Usually released at 7~8 PM, it's recommended to check the wallet homepage after 6 PM, buy BNB from the exchange in advance and transfer it to the wallet, otherwise the transfer channel will be extremely congested once the new investment starts, making you question life.
2. A maximum of 3 BNB can be staked, distribute more across several accounts if you have more.
Second, trading competition, the airdrop will arrive about a week after the event ends.
Third, staking activities, personally I think the appeal is not great. Aside from the high initial returns, it drops to single-digit returns later, and there are fees during the staking process. It's better to buy Binance's USDC or USDT savings products.
Fourth, interaction activities, which are better than nothing, but the arrival is extremely slow and it tests luck. After doing activities for more than a month, either the results have not been announced, or I just didn't win.
Suggestion:
Don't rush to follow on X; complete the last task first because the last task often requires cross-chain, staking, exchanging, etc., which are the most difficult. Ensure you can complete the final task before moving on to other tasks.
Third part, reinvesting rewards.
After completing the airdrop, how to protect profits and increase value? I offer two ideas.
First, exchange for mainstream coins like BTC, ETH, or BNB. Mainstream coins can preserve value and appreciate, and they can be staked for high returns.
Second, exchange for stablecoins like USDT or USDC, and earn interest during the holding period, 5~10% annualized.
If you have better ideas, let me know in the comments.
