Recently, many brothers have been asking how to leverage airdrops to turn around when in debt.
Old Ape has been doing quite well lately and has a little bit of insights to share.
This year, the total amount of airdrops adds up to nearly ten thousand dollars, but I haven't calculated it in detail.
Although it's not much, I'm quite satisfied. Finally, I don't have to keep pouring money into it.
Let's start with Old Ape himself. Previously, he was also in debt for around 100, and Old Ape has always been paying attention to Web3. He didn't have much focus on it before due to his own startup, only absorbing fragmented information in his spare time. I remember the first time I heard about blockchain in 2010, when BTC was just over a thousand dollars. If I had bought in then, it would have been great now. So, Old Ape has always had a general understanding of some basic information and a certain level of awareness about blockchain. In 2022, feeling hopeless in traditional business, I fully immersed myself in the Web3 industry. Upon entering the crypto space, I made some aggressive moves with contracts, memecoins, and inscriptions, losing nearly 20. My heart raced with the candlestick fluctuations, experiencing 18 different emotions every day. It wasn't until the year before last that I came to terms with reality, adjusted my mindset, and since last year began leveraging airdrops until now, realizing that leveraging airdrops is the most stable strategy, and my mindset is also very good, allowing me to think about problems more comprehensively. Below I summarize the three steps for brothers in debt to start leveraging airdrops: a transition period from short-term to medium-term to long-term. (Preparing $3,000 as startup capital is the most comfortable.)
In one sentence, first give up all thoughts of trying to turn around in the short term by doing something. As long as you have a hint of opportunity, you must pay an equivalent cost for it; the crypto space is very brutal.
Short-term leveraging airdrops (within 1 month)
Short-term leveraging airdrops emphasizes a short time frame with quick results. You must secure what's in hand within a month; this period can only be achieved by leveraging exchange airdrops. You must leverage Binance's Alpha. Don't be misled by those who have resigned; they are not in debt and usually don't lack this little money in their accounts, so they overlook it. If you're in debt and your account has no money, don't dismiss small airdrops. Even a few dollars is positive income.
Research the activity rules of exchanges more. Last time, Old Ape found that fewer people participated in Binance's HUMA trading competition, which had a large profit margin. After a few days of lurking, I earned over 30,000 coins. After deducting costs, the profit was nearly $1,000. I also encouraged many brothers around me to get involved, and most of them made profits, some even more than Old Ape. There are also BG exchanges where you can create multiple accounts; the trading competitions yield profits of tens of dollars, which are distributed in 8 to 10 days. OK also works but has smaller profits; Old Ape did it casually when he had free time. Never be foolish and just sit around doing nothing. The few dollars profit at the beginning is like a pig's trotter rice.
Medium-term leveraging airdrops (1 month - 6 months)
After having some pig's trotter rice from short-term gains, you should participate in some medium-term projects, choosing those that have a quick TGE. Right now, mouth-leveraging is quite popular. Projects on KAITO are generally screened for quality and usually require quick TGE. You can leverage both mouth and hand. Sometimes it can be hundreds or thousands of dollars; some people have mouth-leveraged and made thousands or even tens of thousands. You know about HUMA and SOON, right? Don't say you don't know how to leverage because you have no YAP points; first, throw the projects to AI for analysis, understand the projects, and try to write an analysis of the projects. Interact more with others. I've seen many foreigners who really have no followers, yet can rank in the top 10 for leveraging airdrops, posting content every day. So, is it that they can't or are just too lazy to look themselves? Also, projects on Cookie are very popular. By tweeting about projects, it's equivalent to you taking on some ads, but the payment will only be settled at TGE. They don't require you to have many followers, so what reason do you have to refuse to take ads?
Long-term leveraging airdrops (6 months - 1 year or longer)
In fact, with short and medium-term income, at this stage, you only need to carefully select a few quality large projects to participate in building. This requires a lot of time and patience. For example, the testnets like Monad and Somnia that Old Yuan participated in need to be deeply interacted with and built upon. There is no free lunch; once you do consume, it can definitely yield big profits, but it might also backfire. You still need to keep your spirits up and continue participating. Generally, I follow about 5-10 long-term projects. If there are too many, I can't keep up. As long as you can leverage enough in the short and medium term, you will have a good mindset to participate in long-term projects; otherwise, if you can't even afford your meals, how can you talk about long-term plans? Therefore, Old Ape's short and medium-term plan not only allows you to have pig's trotter rice but also gives you a relatively relaxed mindset for a protracted battle.
With this set of strategies, without saying too much, accumulating some initial capital is definitely possible. Whether you can turn around depends on personal fortune; Old Ape believes in working hard first and then leaving the outcome to fate!
I hope Old Ape's musings can help brothers who are currently struggling with debt. This tweet is written just for those in debt who want to leverage airdrops to turn around.