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Hi, everyone, I am A Xin~
After struggling in this circle for so long, I have never truly felt a 'bright outlook for the future' regarding any platform. To be honest, most of the time, I hold a mindset of 'take what you can and leave' — after all, no one can predict what tomorrow will bring.
Sharing some knowledge in the web3 field here. I have led my team to achieve good results and have connected with research and development studios. I hope this sharing concept can reach more people!
Zero-cost 'farming the wool': A beginner's guide to cryptocurrency airdrops
In the world of cryptocurrency, 'airdrop' is like a pie falling from the sky. Project parties give away tokens for free to promote, increase visibility, and accumulate users. These tokens act as the project party's 'digital flyers', giving users a chance to learn about and participate in the project. This article will focus on how to participate in airdrops at zero cost, commonly known as 'farming the wool'.
Types of airdrops
Airdrops come in various forms, mainly divided into the following categories:
Reward-based airdrops: Users complete tasks designated by the project party (such as retweets, likes, inviting registrations, etc. on social media) to receive token rewards.
Exclusive airdrops: This is a special reward for users who participated in community activities early and contributed to the community.
Staking/borrowing airdrops: This type of airdrop carries higher risks and requires users to lend funds to the project party, which newcomers should approach with caution.
Order brushing airdrops: Activities launched by the project party to improve rankings, usually requiring users to invest funds; not recommended for participation.
How to participate in airdrops
To 'farm the wool', you usually need to follow these steps:
Find the task entry:
Find the task entry on the project's official website or official social media accounts (such as X) and complete the task according to the prompts.
Stay active:
Regularly retweet and like the project party's social media content, actively participate in discussions within the community, and engage in activities like check-ins in Discord groups.
Meet specific conditions:
Some airdrop activities may require users to hold specific NFTs to participate.
Essential tools
To participate in airdrops, you need to prepare the following tools:
Cryptocurrency wallet:
Tokens for receiving airdrops. Commonly used wallet apps include MetaMask, TP Wallet, Trust Wallet, imToken, etc.
Social media accounts:
Project parties usually publish airdrop information on platforms like X, Discord, YouTube, Telegram, Reddit, etc.
Note: These social media platforms and related websites may require an international network environment to access.
Ten tips for 'farming airdrops'
Airdrop investment costs are low, but it requires a lot of time to search. However, A Xin has obtained information to help newcomers avoid participating in staking projects.
Participating in airdrops is considered a transaction and requires paying gas fees (miner fees).
Be cautious when linking wallets and beware of phishing websites. Refuse airdrops that require sending tokens to unlock.
Always confirm airdrop projects seen in the group on the official website.
Use a dedicated wallet to participate, and that wallet should not store other funds.
Meme coins don't need deep research; participate if there's an opportunity, abandon if it's hard to obtain.
Personally use 50 accounts to participate; multiple accounts can increase the chance of winning but are easily identified as witch attacks. It is recommended to use a virtual private server to change IP.
Airdrops are similar to lotteries, and it is common to qualify but not receive tokens. Typically, it takes at least a month to see returns from zero participation; treat it as a lottery.
Be sure to carefully identify when participating in airdrops, understand the project background, and analyze the project rules.
Wishing everyone can farm a big reward.
