Research
August 15, 2024
The Top 8 Airdrop Hacks for 2024
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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.
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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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