Research
August 15, 2024
The Top 8 Airdrop Hacks for 2024
This guide explores eight key strategies, ranging from passive staking to active trading, and highlights top projects to focus on.
Whether you’re a seasoned farmer or someone new to the space, these strategies can help you maximize your airdrop earnings.
In the meantime, you can explore the One Click airdrop tracker for detailed insights on tasks and opportunities for all major airdrops. Lets get back to the strategies:
1. Farm Passive Airdrops
Strategy
- Stake your tokens in specific projects or ecosystems.
- By holding and staking these tokens, you become eligible to receive airdrops from new projects launched on these platforms.
Tip
- Diversify your stakes: By staking in multiple wallets and projects, you increase your chances of receiving various airdrops.
2. Participation Based Airdrops
Strategy
- Participate in specific activities or fulfill certain tasks required by a project to qualify for their airdrop.
- These tasks might include engaging with the project on social media, performing transactions, or using the project’s platform.
Benefit
- Higher rewards: Because these airdrops require more effort, fewer people compete for them, leading to potentially larger rewards for those who participate.
- Less competition from whales: Whales (large investors) are less likely to participate in these tasks, making it easier for smaller investors to benefit.
3. Restaking Airdrops
Strategy
- Restake tokens in specific projects to earn airdrops, often based on the amount of tokens staked.
- This strategy requires significant capital, as rewards are typically proportional to the amount staked.
Risk
- Whale competition: Large investors can enter the project right before the airdrop, staking large amounts and reducing the share for smaller investors.
- Capital required: This strategy is best suited for those who have a significant amount of crypto to stake.
4. Bridges
Strategy
- Use bridge projects to move assets between different blockchains. These transactions can qualify you for airdrops.
- Unlike staking, this strategy requires active participation by making multiple transactions.
Benefit
- Active participation: These airdrops reward those who actively use the platform, making it harder for whales to dominate.
- Potential rewards: Depending on the project, the rewards can be substantial, especially if you are an early user.
5. Perpetual Exchanges
Strategy
- Engage in trading activities on perpetual exchanges to earn airdrops. The volume and frequency of your trades determine your eligibility.
- This strategy involves more risk, as trading can lead to losses if not done carefully.
Risk vs. Reward
- High risk: Trading on perpetual exchanges involves financial risk, and not all trades will be profitable.
- High reward: Successful traders can earn substantial rewards from airdrops, often proportional to the trading volume.
6. Testnet FREE Airdrops
Strategy:
- Participate in testnet airdrops by interacting with a project during its testing phase. These airdrops are often free to participate in, requiring only time and effort.
- Testnets allow users to try out a project’s features before its official launch.
Benefit
- Low cost: Testnet airdrops are usually free to enter, making them ideal for those with more time than capital.
- Uncertain rewards: While the rewards can be smaller and are not guaranteed, they offer a low-risk way to earn crypto, especially in regions where $200 is significant.
7. Under-the-Radar New Projects - High Risk, High Reward
Strategy:
- Focus on new, lesser-known projects that might offer airdrops. These projects are often still in the early stages, so participating early can lead to significant rewards if the project succeeds.
- However, the risk is higher because these projects may not have much funding or visibility.
Risk vs. Reward
- High risk: These projects may not succeed, and the airdrop might not be valuable or may not happen at all.
- High reward: If the project takes off, early participants could see significant returns.
8. Dont Miss Ecosystem Airdrops
Strategy
- Engage in various activities within a specific blockchain ecosystem to qualify for airdrops that might not be announced in advance.
- These airdrops often reward users who are actively participating in the ecosystem, whether through staking, trading, or using decentralized applications (dApps).
Benefit
- Surprise element: These airdrops often come without warning, making it important to stay engaged in the ecosystem to avoid missing out.
- Ongoing opportunities: Many ecosystems regularly release new airdrops, so staying active can continuously pay off.
We will publish a new guide on each specific type of airdrops and how to farm them in more detail soon :)
Happy Farming!
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