Recently popular airdrops can be easily understood:

Project teams issue coins for free; as long as you meet the conditions (such as holding a certain coin or completing a task), you can easily gain some, and with good luck, you might become rich overnight!

Three major tricks of airdrops

1. Hold coins for airdrops

● Principle: You hold a certain coin (like ETH), and the project team distributes new coins for free based on your holdings.

● Example: Uniswap airdropped UNI (400 per person, with a maximum value of $20,000).

● Advantages: Earning money while doing nothing.

● Pitfalls: You may be tricked by phishing websites into giving away your private key (remember: real airdrops will never ask for your private key!).

2. Task-based airdrops

● Principle: Complete specified tasks (like retweeting, joining Telegram groups) to receive small airdrops.

● Example: Various meme coin airdrops (like Shiba Inu).

● Advantages: Low barriers to entry, everyone can participate.

● Pitfalls: Most are worthless coins, and you can't sell them even if you receive them.

3. Interactive airdrops

● Principle: Operate on the project platform (like transferring, trading) to prove you are an active user.

● Example: ENS airdrop (distributing coins to users who have used Ethereum domain services).

● Advantages: You may receive large airdrops (like ENS averaging several thousand dollars).

● Pitfalls: Gas fees may be more expensive than the airdrop itself (especially when the Ethereum network is congested).

The logic of making money from airdrops

1. Project motivation

● Attracting attention: Issuing coins to draw user interest.

● Decentralization: Distributing tokens to the community to avoid being criticized for 'centralization'.

● Marketing strategies: Create topics to attract novice investors.

2. User earnings:

● Early benefits: The earlier you participate, the more airdrops you receive (like early users of Uniswap receiving over ten thousand UNI).

● Compound effect: Received coins may increase by dozens of times (like the ENS airdrop, which rose 10 times at its peak).

Risks of airdrops

1. Phishing scams: Fake airdrop websites trick you into entering your private key, instantly draining your wallet.

2. Gas fee trap: Spending hundreds on gas fees for airdrop tasks only to receive coins worth $10 in the end.

3. Tax issues: Airdrops may be considered income and subject to taxation (especially large airdrops).

4. Zero risk: Most airdrop coins eventually become worthless (like various meme coins).

How to increase airdrop earnings

1. Follow project updates closely: Join Telegram groups, Discord, subscribe to airdrop calendar websites.

2. Actively participate in the ecosystem: Engage more on popular chains (like Ethereum, Solana) to increase airdrop chances.

3. Diversify holdings: Hold multiple mainstream coins (like ETH, ATOM) to increase winning chances.

4. Be cautious of scams: Never disclose your private key, only use official channels.

Airdrops are the 'lottery' of the crypto world, they can make you rich overnight, or you may end up with nothing.

Remember: There is no free lunch in the world, but occasionally there are free coins!