Effective Airdrop Retroactive plowing holiday

Airdrop/Retroactive is an activity that helps many investors change positions. More and more people are looking for airdrops, hoping to be lucky enough to change their lives. So what knowledge do you need to prepare before embarking on this "treasure finding" journey?

Overview of Airdrop retroactive

Airdrop is the process of distributing a free amount of tokens to e-wallet addresses for the purpose of marketing the project, rewarding users, increasing token liquidity, and attracting the attention of the community to participate. judgment…

However, many users took advantage of the simple request to receive the airdrop, created multiple accounts, impersonated other users and appropriated a large amount of project tokens. For example, one wallet address received 1.4 million ARB tokens from 866 different wallet addresses. This is contrary to the project's airdrop purpose which is to reach as many users as possible.

On the project side, instead of rewarding users, marketing the project... many projects take advantage of users' reckless airdrop hunting mentality, making promises about airdrops so that users can experience their products too much. level.

So how to experience good projects while increasing your chances of getting an airdrop when supporting these projects?

Development journey of airdrop/retroactive in crypto

How to effectively hunt for airdrops/retroactives

To effectively hunt for airdrops without spending too much time or money, users need to "pocket" the following experiences:

1.Experience large capital mobilization projects, supported by well-known and reputable investment funds. Users can use cryptorank, a website that provides information about projects that are raising capital and the amount of capital raised.

2.Prioritize blockchain project experience instead of DeFi application projects.

3.If you experience DeFi projects, pay attention to projects in the Solana, Ethereum ecosystem or blockchains that do not yet have tokens.

4.The stronger the ecosystem has cash flow, the more experience it should have.

5.If capital is low, limit airdrop hunting for outstanding projects that raise capital of over 100 million USD such as Layer Zero, zkSync... because the number of users on these projects is very large, the amount of airdropped tokens may be reduced on the market. per user.

6.The less users a project has, the more likely it is that the airdrop amount it receives will be larger. For example, Jito airdropped each user at least about 17,800 USD.

In addition, some areas that receive little attention from users and should be prioritized for experience are testnet projects, playing games to receive airdrops...

Note:

Use secondary wallets when hunting for airdrops, do not leave a lot of money on these wallets. The reason is that when experiencing many projects, the wallet may accidentally interact with a fraudulent project, click on a strange link and be hacked.

·      Create a separate email and phone number for the airdrop wallet.

·      How to avoid being considered a Sybil when farming airdrops

·      Sybil Attack, or impersonation attack, is a form of user using multiple accounts/computers/nodes to gain control of the network, destroying the integrity of the system.

Users are considered Sybil when they use many fake computers, accounts, etc. to take over a large amount of the project's tokens when the project conducts an airdrop. This causes the project to lose its decentralization, the project's tokens are often wasted after entering the hands of sybil users. Therefore, if users are placed on the Sybil list, they usually will not receive any tokens.

However, if users still want to farm the project's airdrop and receive a large amount of the project's tokens without being considered Sybil, they can refer to the following methods:

1.Use browsers that support different IPs to avoid overlapping IP/wallet addresses (GoLogin, MultiLogin, AdsPower)

2.Avoid sending funds to wallets from one source. It is possible to use the swap feature and send assets to new addresses via bridge protocols such as Bungee Exchange.

3.Avoid transferring money back and forth between wallets.

4.Create additional social network accounts for wallet addresses to increase authenticity.

5.Leave some money behind after farming the airdrop. Some airdrop projects require a wallet address to own a certain amount of assets, for example Starknet requires a wallet to have more than 0.005 ETH in the wallet to receive the airdrop.

6.Make transactions on multiple blockchains while experiencing bridge/DEX projects.

7.Don't experience the project in one go, but divide it into a little experience every day/week for one to many months.

8.Use all project features (Swap, Bridge,...).

9.Use like a real user.

Hunt for airdrops across ecosystems

There are many areas in crypto that users can experience to receive airdrops such as Layer 1, Layer 2, SocialFi, DEX, NFT, running Node, participating in DAO...

Hunt for airdrops on Layer 1

Users can hunt for airdrops on Layer 1 projects that have not yet launched tokens such as:

·      Monad: Project successfully raised capital of 225 million USD. To increase the chance of receiving airdrops, users can run nodes and experience projects on Monad.

·      Berachain: Users can experience the project and run nodes on Berachain.

·      Ronin: Users who staked RONIN received PIXEL airdrop and YGG airdrop. Thus, Ronin is airdropping according to the ecosystem and will likely continue to airdrop in the future for users who stake RONIN.

·      TON: TON's The Open League program announces rewards for users when minting tokens, playing predictions, providing liquidity on STONFi, DeDust... Users can also trade on the Ton blockchain for a chance to receive airdrops.

·      Ethereum: Currently, the staking trend is becoming hot on Ethereum. Users can staking ETH on projects such as Zicuit, Swell, Puffer, Kelp, Karak... Should stake over 500 USD per project to have a higher chance of receiving airdrops.

·      Solana: Experience some notable projects such as Meteora, BackPack...

·      Cosmos: Users who staked ATOM received the TIA airdrop, staked TIA received the DYM and SAGA airdrop, staked DYM received the OM airdrop. Therefore, users can continue to stake SAGA and OM for a chance to receive another airdrop in the Cosmos ecosystem.

In addition, users can also experience other Layer 1 projects such as LayerZero, Aleo, Quai Network, Espresso...

Hunt for airdrops on Layer 2

After Layer 2 projects such as Arbitrum and Optimism airdropped thousands of USD to users, users' attention continued to focus on Layer 2 projects that have not yet released other tokens. Among them, Base, Linea, Scroll, Blast and Mode Network are projects with high TVL, showing high community trust in these projects.

·      Base: Use prominent SocialFi projects such as Friendtech, Farcaster.

·      Zora: Blockchain dedicated to the NFT market. Users can mint NFTs on Zora. Pay attention to NFT sets released by Zora Foundation or Base Foundation.

·      Ancient8: Recently, Ancient8 airdropped memecoin HAIRY to OneID holders, NFT Starship on Viction blockchain. Users can swap newly received memecoin HAIRY or other assets on Ancient8 for a chance to receive A8 token airdrops in the future.

In particular, experiencing the project early, the community did not pay attention

Hunt for airdrops with SocialFi projects

SocialFi is a combination of social networking activities (Social Media) and decentralized finance (DeFi). This is a new field, the activities needed to hunt for airdrops are quite simple such as clicking like, posting... and only need to be used about 1-2 times a week.

Some notable SocialFi projects are Farcaster (mentioned many times by the a16z fund), Lens Protocol (project developed by AAVE, likely to reach a capitalization of 200-300 million USD when compared to Cyber Connect, Deso )…

Hunt for airdrops with DEX projects

DEX are decentralized exchanges developed based on blockchain technology. If you need to swap tokens, you should prioritize swapping on DEX exchanges that have not yet issued tokens such as Bungee Exchange, MetaMask Portfolio, DeFi Llama, Matcha, Zapper, Zerion, Magpie, Via, Slingshot, SuperFluid, Layer3...

Hunt for airdrops by holding NFTs

Users holding Mad Labs NFTs received airdrops from Wormhole, Pyth Network, Dymension… Users holding NFTs developed by Yuga Labs (MAYC) received airdrops of NFT MAYC, NFT BAKC, NFT Otherside and APE tokens, total value over 70 ETH.

Recently, users holding NFT Starship also received airdrops from Saros, memecoin HAIRY and soon from Krystal. Owning NFT Starship allows users to participate in purchasing launchpad project tokens on Starship.

The first project launched on Starship was SA World, successfully raising capital of 1 million USD in just a few days. Users can purchase NFT Starship on Dagora, an NFT exchange developed by Ninety Eight.

Therefore, users can hold the Starship NFT for a chance to receive airdrops in the future, while also participating in Starship's launchpad.

Users holding OneID NFTs also received airdrops from Saros, points from Krystal, memecoin HAIRY from Ancient8. With a cost of only 2 USD, users can own NFT OneID and have the opportunity to receive airdrops from projects in the Ninety Eight ecosystem in the future.

Other airdrop hunting methods

Run Node

Nodes are electronic devices (computers, laptops, phones...) that can interact and connect with each other to form a blockchain network; helps transmit, store and manage data on that network. Running Node is the act of renting a VPS and installing the necessary basic functions.

Some projects only need users to fill out a node run form without actually running a node to receive the airdrop. For example, Aptos requires users to fill out a form, and the project will select some people to run the real node. If a user runs the testnet, the user will receive the airdrop regardless of whether they fill out a form or run a node.

To start running Node, users can purchase a VPS on contabo.com. Users also do not need to be online regularly to run the node. Tips when running Node:

Buy each VPS for each Node.

When installing VPS fails, go to the VPS purchase page, reset the new VPS and reinstall.

Check the Node once a week to see if the Node is still running, if not, need to reset the Node.

Check out the Node runnable project on Nodes Guru.

Select projects running Node by checking the amount of capital raised, number of followers on Twitter...

It should be noted that running a node, experiencing the project, purchasing NFTs, purchasing project products... does not guarantee users will receive the airdrop.

(Note that Aptos has airdropped for users running nodes)

Buy ecosystem phones

Users who purchased Solana's Saga phone for $500 received an airdrop worth $400.

In the near future, Jambo phones will be officially distributed by Ninety Eight in Vietnam. Users can buy for a chance to receive airdrops in the future.

In addition, users can also receive airdrops through token staking activities, participating in voting on Jupiter's DAO...

What happens after the airdrop?

Projects that have had airdrops in the past, when conducting airdrops in the future, will often have clearer conditions such as Space ID, Optimism...

In addition, after a project announces an airdrop, the price of NFTs and project tokens often react strongly.

NFTs

After a project airdrops, the project's NFT price often drops sharply. This is because a large number of users have speculated on NFT to receive airdrops. After receiving the airdrop tokens, they will sell them to receive money.

For example, the prices of NFT Tensorians, NFT Mavia Land, and NFT Pixel Land dropped sharply after the project announced it had taken a snapshot for airdrop.

Project tokens

After Celestia airdrop, TIA token price increased sharply from 2 USD to 18 USD. For the ParaSwap project, the token price dropped sharply after the airdrop. After Uniswap's airdrop, the UNI price increased sharply before decreasing due to the downtrend market, and is currently on the rise again.

Therefore, after receiving the airdrop, users need to research the marketcap, FDV and tokenomics of the project to see if it is reasonable or not.

summary

More and more projects are launching and announcing airdrops to users. The requirements to receive airdrops have become more strict. There are also more users hunting for airdrops, resulting in fewer tokens received. To be successful in airdrop hunting, users need to be alert, choose projects carefully, invest assets and time at a reasonable level so as not to be too disappointed if they do not receive an airdrop from the project.