How To Find major industry airdrops and ways to farm them

 

What are Airdrops?

Airdrops are a marketing strategy used by blockchain and cryptocurrency projects to distribute their tokens or coins for free to potential users. This is usually done as a way to increase the awareness and adoption of the project.

Airdrops work by a project allocating a certain amount of its tokens or coins to a particular wallet or group of wallets. These tokens are then distributed to the wallet holders at no cost. In order to receive the free tokens, users usually have to complete certain tasks such as joining the project’s social media channels, filling out a form, or meeting other specific criteria set by the project.

Participating in airdrops can be beneficial for blockchain and cryptocurrency enthusiasts for a number of reasons. First, airdrops can serve as a way to obtain free coins or tokens that may have value in the future. This can be seen as a form of passive income or investment opportunity. Additionally, by participating in airdrops, users can learn about new projects and potentially discover hidden gems in the cryptocurrency world. Furthermore, airdrops can also help to increase the liquidity of a token by introducing it to a wider audience, which can ultimately benefit the project and its community.

There have been several successful airdrops in the cryptocurrency space that have generated significant returns for participants. One of the most notable examples is the airdrop of OmiseGO (OMG) tokens in 2017. Many users received free tokens, and the price of OMG experienced a significant increase shortly after. Another successful airdrop is that of Stellar Lumens (XLM) in 2017, where participants received free tokens and the price of XLM soared in the following months.

Past Major Industry Airdrops Offerings

1. Uniswap (Finance) — Uniswap, a popular decentralized exchange for trading Ethereum-based tokens, is airdropping 400 UNI tokens to users who have interacted with the platform before September 1, 2020. Each token is worth around $2,000 at the time of writing. This airdrop is meant to reward early users and promote the new UNI governance token.
2. Axie Infinity (Gaming) — The popular blockchain-based game Axie Infinity is airdropping 100 AXS tokens to holders of its in-game currency, Smooth Love Potion (SLP). This airdrop aims to incentivize players and promote the adoption of the game’s governance token. The value of each AXS token is currently around $20.
3. Nifty Gateway (NFTs) — Nifty Gateway, a popular NFT marketplace, is airdropping a total of $100,000 worth of NFTs to its users. The airdrop is in celebration of the marketplace’s launch and aims to introduce users to the world of NFTs.
4. Compound (Finance) — Compound, a decentralized lending platform, is airdropping 1,116,667 COMP tokens to its users. This airdrop aims to promote the platform’s governance token and reward active users. At the time of writing, each COMP token is worth around $100.
5. Gods Unchained (Gaming) — The blockchain-based trading card game Gods Unchained is airdropping 40 million GODS tokens to its players. This airdrop aims to reward players and promote the game’s new governance token, which can be used for voting and game development decisions.
6. Ampleforth (Finance) — Ampleforth, a protocol for elastic supply tokens, is airdropping 10,000 AMPL tokens to participants of its community governance platform. This airdrop aims to incentivize participation in the governance process and promote the use of Ampleforth’s token.
7. The Sandbox (Gaming) — The Sandbox, a virtual world blockchain platform, is airdropping 1,000,000 SAND tokens to its players and land owners. This airdrop aims to reward user activity and promote the platform’s native currency.
8. SuperFarm (NFTs) — SuperFarm, a cross-chain DeFi protocol for NFTs, is airdropping 200,000 SUPER tokens to holders of major DeFi tokens such as Uniswap, Aave, and Maker. This airdrop aims to promote SuperFarm’s upcoming token sale and attract new users to the platform.
9. Aavegotchi (Gaming) — Aavegotchi, a blockchain-based game that combines DeFi with digital collectibles, is airdropping 10,000 GHST tokens to participants of its pre-launch platform. This airdrop aims to reward early platform users and promote the game’s native token.
10. Mirror Protocol (Finance) — Mirror Protocol, a decentralized platform for creating synthetic assets, is airdropping nearly $3 million worth of MIR tokens to users who have contributed to its ecosystem. This airdrop aims to reward early supporters and incentivize participation in the platform’s governance process.

Tips for evaluating airdrops:

1. Research the project: Before participating in an airdrop, make sure to research the project and its team. Look for information about the project’s roadmap, team members, and any partnerships or previous successes.
2. Check the tokenomics: Look into the token distribution and inflation rate of the airdropped token. A high inflation rate may devalue the token over time.
3. Be cautious of scams: Be wary of airdrops that require you to send funds or personal information in order to participate. Legitimate airdrops will never ask for this information.
4. Look for active communities: Airdrops from projects with active and engaged communities are more likely to be successful.
5. Participate in multiple airdrops: It’s a good idea to participate in multiple airdrops from different projects in order to diversify your portfolio and increase your chances of getting valuable tokens.
6. Beware of high minimum requirements: Some airdrops may have high minimum requirements for participation, such as holding a certain token or completing tasks. Make sure to evaluate if the work required is worth the potential reward.
7. Follow the project’s instructions: Make sure to follow the instructions for the airdrop carefully, including any deadlines or specific requirements. Failure to do so may result in not receiving the airdropped tokens.

How to Discover Major Industry Airdrops

1. Airdrop aggregator websites: There are several websites that aggregate information on upcoming airdrops. These websites provide comprehensive lists of airdrops, their requirements, and submission procedures. Some popular airdrop aggregator websites include Airdropalert, Airdropking, and Airdropbob.
2. Cryptocurrency forums: Cryptocurrency forums such as Bitcointalk and Cryptocurrencytalk have specific sections dedicated to airdrops. These forums are a great place to discover new airdrops as well as discuss and share information with other community members.
3. Social media groups: There are various social media groups and communities dedicated to airdrops. For example, Facebook groups like “Crypto Airdrops” and “Crypto Airdrops & Bounties” have thousands of members who share information about upcoming airdrops. Similarly, Telegram channels like “Airdrops.IO” and “AirdropsAlerts” also provide regular updates on new airdrops.
4. Blockchain community groups: Blockchain communities, whether on Reddit, Discord, or other platforms, often have subreddits or channels dedicated to airdrops. Joining these communities and being an active member can help you stay updated on the latest airdrops and also potentially earn you bonus airdrops.
5. Airdrop announcements on social media: Many blockchain projects announce their airdrops on their official social media accounts such as Twitter, Medium, or Reddit. Make sure to follow these projects to stay updated on their airdrop announcements and submission procedures.
6. Airdrop tracking websites: Airdrop tracking websites like Airdrops. live and airdropsMob track and update the latest airdrop announcements. These websites also provide information on the submission process, requirements, and distribution dates.
7. Airdrop alert services: There are various airdrop alert services that send notifications through email or messaging apps whenever a new airdrop is announced. These services include Airdropster, AirdropNotifier, and AirdropsForex.

Steps to Participate in Airdrops

Step 1: Create a Wallet

The first step in participating in a major industry airdrop is to create a cryptocurrency wallet. This wallet is where you will receive your airdropped tokens, so make sure to choose a wallet that is compatible with the type of tokens being distributed (Ethereum-based tokens, for example, will require an Ethereum wallet). Some popular options for wallets include MyEtherWallet, MetaMask, and Ledger Nano S. Once you have created your wallet, make sure to securely store your private key or seed phrase.

Step 2: Join Relevant Communities

Most airdrops are announced and distributed through various online communities, such as Telegram groups, Reddit forums, and Twitter accounts. To ensure you don’t miss any airdrop announcements, join relevant communities for the project or projects you are interested in. You can start by joining the official Telegram group, following the project’s Twitter account, and joining any other relevant social media channels.

Step 3: Stay Updated on Project Announcements

It is important to stay updated on project announcements, as airdrops often have limited time frames for participation. Make sure to regularly check the project’s social media accounts, join their mailing list, or set up notifications for their Telegram group or Twitter account. This will ensure that you don’t miss any important updates or deadlines for the airdrop.

Step 4: Complete Eligibility Tasks

Most airdrops require participants to complete certain tasks in order to be eligible for the distribution of tokens. These tasks can range from following the project’s social media accounts to joining their Telegram group to completing a KYC (know your customer) verification process. Make sure to carefully read and follow the instructions given by the project to ensure you are eligible for the airdrop.

Step 5: Suggestions for Increasing Airdrop Allocation

Some projects may offer higher airdrop allocations to those who have completed certain tasks or have shown more engagement with the project. Here are some suggestions on how to increase your chances of receiving a higher airdrop allocation:

• Complete all eligibility tasks: Make sure to carefully follow all instructions and complete all tasks required for eligibility.
• Be an active community member: Projects may choose to reward those who have shown genuine interest and engagement with the project. Participate in discussions, ask relevant questions, and contribute positively to the community.
• Refer friends: Some projects may offer a referral program, where you can earn additional tokens by referring others to participate in the airdrop. Share your referral link with friends who might be interested in the project.
• Hold native tokens: In some cases, projects may offer additional tokens to those who already hold a certain amount of their native tokens. If you are interested in the project, consider purchasing some of their tokens before the airdrop.

Step 6: Claim Your Airdrop Tokens

Once the airdrop distribution date arrives, make sure to follow the project’s instructions for claiming your tokens. This may involve providing your wallet address or completing additional tasks. Once you have successfully claimed your tokens, make sure to securely store them in your wallet.