See that header? That’s how I felt when I got the $PSP airdrop a few weeks back.
Damn! All I did was swap back and forth on Paraswap!
Crypto projects have given away 100s of thousands of $$ to their respective communities just over the last 12-24 months.
Airdrops have always been a way to crack the money game in crypto over the last few years.
It requires very little or no capital to get involved.
Crypto uses have used airdrops to raise capital for trading/investing in other crypto projects over time.
Web3 is simply an attention game! Few know this.
So new crypto projects who spring up use airdrops as a way to bootstrap project, grow community, set enough eyes on the project, and create enough liquidity for their token early enough.
They give away free tokens worth thousands of dollars to incentivize users and create strong community engagement.
If you've followed the recent launch of $SOS which was given freely to users who transacted on Opensea based on volume, you'd understand the ripple effect of airdrop on project.
Opensea by the way, is the largest NFT marketplace in the world right now.
Opendao $SOS put their token in the hands of many which led to lots of huge CT handles (who got the airdrop) creating hype for their token (which of course had zero utility at the time)
This led to increased prices and the tokens Worthing a lot more than the initial launch price.
$SOS airdroppers got multiple thousands worth in $SOS tokens.
There have been way too many valuable airdrops in crypto. $UNI, $1INCH, $ENS, $COPE, $PSP, $TNS... etc
Normally you'd be required to do a few tasks beforehand (which may/may not cost a bit of money).
Honestly, some of them cost nothing but your time!
These tasks show community/product engagement.
In return, these projects reward the early users with free tokens.
If you want to get a deep dive into Airdrops, the Airdrop 101 course at https://bitville.academy/ is your best bet.
A measerly $10 to get you information that could be worth 10s of thousands of $.
You'd learn exactly what airdrops are, the tasks you may be required to do, and most importantly the right places to get information about quality airdrops. Oh no not the Telegram bots! That crappy stuff is usually scammy, or may at best give you tokens worth $5 or less.
Look, Airdrops on its own is a niche in crypto. You can stick to it and exploit it. Participate in as many as you can without even needing to trade if you don’t want to.
Just like many crypto users, eventually, you’re going to get rewarded in a big way.
Get the Airdrop 101 course at https://bitville.academy right away!