11 Tips To Becoming a Successful Airdrop Farmer
By @cruzcontrol.sol - Top 1% in LayerZero and zkSync airdrop rank holder.
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1. You Can’t Farm Everything
Currently One Click airdrop tracker is tracking airdrops close to 461 projects now. And we are not even documenting every single one out there (which is impossible and also by design). Unless you have unlimited time and capital, you need to strategize and prioritize.
2. Use One Click Airdrop Tracker
You can make use of the One Click airdrop tracker to prioritize, firstly you can go through the Tier list where you can find the most valuable airdrops for you to farm.
You can further filter them based on funding, category, progress, etc.
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You can see the to-do and completed tasks related to the airdrops when you click on your favourite airdrop. This makes it easy for you to farm any airdrop. Here you can also see one-time and recurring tasks.
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3. Prioritise High Conviction Plays
The greatest value of my tracker, besides having everything in one place, is the key metrics of each project. Each data point serves a purpose. Tier is an aggregate metric taking into account: — Fit for popular narratives — Funding — Cost to Farm — Dilution (over or under farmed?) — Lego opportunity (which we will get into below) So you might want to focus on the top tier projects first.
4. Budget Your Time and Capital
Your resources, whether you’re a shrimp or a whale, are limited. You might be time-rich and capital-poor, vice versa, or both. If you have a low budget, look for the ones that are free to engage such as incentivized testnets.
If you have capital, providing liquidity to top-tier projects on tokenless chains might have bigger payouts. Some say airdrop farming is for those just starting out or with a low budget.
Airdrops still offers the best RISK-ADJUSTED returns in all of crypto, regardless of your capitalization.
5. Look For Legos
If you can chain your farming activities that hit multiple projects at once, you are being time and cost-efficient. For example:
- Minting inscriptions using Orbiter Finance on tokenless L2 such as, scroll, and Linea will get you O points and generate on-chain footprint on those chains at the same time.
6. Beware of Scams
Due to the excitement and time-sensitive nature of airdrop claims, scammers are taking advantage and posting links to fake websites that look exactly the same as the real ones. Always be on high alert when clicking links and use wallets such as Rabby wallet.
7. Don’t Get Flagged as a Sybil
Increasingly some farmers are making use of bots and other QoL tools to automate farming using multiple wallets. Protocols are taking notice and they are filtering out Sybil (non humans) by requesting PoH (Proof of Humanity).
8. Manage Your Risk
The inherent nature of airdrop farming is that you are mostly interacting with new protocols. This could subject you to a variety of risks: — smart contract risks — Third party risks — Rug Pulls — Oracle price feed risks Always farm with money you can afford to lose, DYOR, and be mentally prepared for the worst.
9. Setup a Routine
Being consistent is the key to success in life and it is no different here. Once you have pinpointed your high conviction targets as we described above, build up a routine that you can easily follow on a daily, weekly, or monthly basis.
Whether the market is up or down, you feel like it or not, or how busy you are during the day, if you have a routine and let that become a habit, the grind becomes easy. Just stay the course and trust the process, you will be in the top 10% of farmers and reap the rewards.
10. Go the Extra Mile
The best poker or chess players are those who can predict their opponents’ next move. If you just do what everyone else is doing, you will be mediocre at best. Try to put yourself in the shoes of the project founders, what would you do to target high-quality wallets and also retain your most loyal fan base?
11. More Tips
- Follow your favourite project and read their announcements, blog posts, tweets, and documentation.
- Read between the lines and try to predict their next move. Crypto moves at the speed of light and most don’t have the patience to sit down and do some reading.
- It’s quite obvious when you just spend 5 minutes in Discord and look at all the same questions that get asked over and over again when the answers are in the announcement itself.
- Go the extra mile and tackle more difficult tasks that most avoid, such as transactions that require paying high gas fees on Mainnet, deploying smart contracts that require functioning brain cells, and running nodes that require a paid VPS subscription.