There are countless sites that announce airdrops, across Twitter, Websites and Telegram – these are just a few. You however want to identify a few that you trust so you have only as much information that you can handle.
When it comes to airdrops, you don’t want to overthink and waste time.
Now that you are familiar with some of the resources to help you get airdrops, you can take the next step.
Participating in an Airdrop
First of all, not all airdrops are created equal. While all are marketing activities, each comes with their specifications on eligibility.
However, the specifications typically fall within 2 themes:
Sometimes the drops are available to a select group
Sometimes they are open to anyone
In cases where the drops are available to a select group, it’s usually based on holding a certain token or having participated in an activity.
For instance, in September 2021, dYdX, a decentralized crypto derivatives exchange, airdropped its governance token, $DYDX, with participants getting up to $50, 000 worth of the token at the time. However, the lucrative drop was only open to users who had used the exchange in the last 3 years.
Recently, on Christmas Day 2022, OpenDAO began an airdrop of the $SOS token to reward NFT users on OpenSea. As such, only OpenSea users were eligible.
However, many new airdrops are purely for marketing and provide users with rewards in exchange for marketing their brand. In such cases, you want to make sure you do what they ask and have a wallet ready so that you can receive the airdrop.
In one example, TonCoin, a crypto project associated with Telegram founder, Pavel Durov, did an airdrop that finished on 13th January 2022.
Once a user follows the instructions, then they can receive the rewards from their wallets. So you need to have a crypto wallet where the rewards can be deposited. In most cases, deposits don’t happen instantly taking some time to process many claims.
The above are some of the tips that you can take advantage of so that you do not miss out on some of the hottest airdrops out there.