By Tobi Micheal Olaitan - November 01, 2020
The word "crypto", "cryptocurrency", "bitcoin", and likes are no stranger to majority of people. Arguably, 70% of computer users are aware of digital coins (cryptocurrency).
But most still don't understand the overview meaning of airdrops. Some see airdrop hunters as cyber fraudsters.
Today, I will explain it in the simplest usage of words for layman's understanding.
Airdrop hunters (also called bounty hunters) are crypto enthusiasts who want to be part of early adopters of new coins (tokens).
Airdrops are free coins. They are free because you don't pay to get it. You only perform simple tasks to earn it.
Airdrops are given by financial companies. It a means of marketing and popularizing their products. Many companies come up with different projects of digital coins. Each coin has different use cases.
For example, Bitcoin was created to: avoid government control over our money; to avoid tracing the owner with their names; and also to send any amount to any part of the world without heavy transaction fees, etc.
Most coins offer such use cases too. But the main beauty is the ability for it to rise in value over the years. Coins or tokens appreciate.
So holders of such coins hold them till when it's right time to sell. This is either when they have risen in value or before they lose value in exchange markets.
Recently, I got 1 DEGEN (a new coin) recently. It value worth at first $55 (#26,000). Same day, it reached $550 (#260,000).
It was unfortunate I sold it too early.
How then do we get this airdrops?
The new companies or project owners also want people to have their coins. So they give it to us for free by performing simple tasks on social media such as: inviting friends; Sharing on walls; Liking and Retweeting posts; downloading their apps; etc.
You must know that there are too many scams too. At least 70% projects are scams.
Fake airdrops will ask you to send an amount. Some will ask you give you coins that are useless forever (meaning they won't enter exchange markets and this implies that they are valueless).
Some will rug pull (dump the price from 100% to 1% over the night.)
You must be able to trust a project accord to reviews before investing.
Note: Most chats you see on Telegram from one individual to invest and get double are fake! Beware.
Airdrop hunters must have undying passion because we get disappointed at times. But we keep trying all tasks because we don't know the one that will work.
Nobody believed 400 UNI ($1,200 😲). Many became a millionaire through it.
Likewise TWT, Energi, THUGS, DEGEN, etc.
They come once in a while. That's why airdrop hunting is a side hustle (additional source of income). You should have main source of income!
Welcome to the world of cryptos.
Don’t rush to sell when you receive any useful coins:
There are thousands of coins (tokens) everywhere. Have your own share of cake early when it is affordable.
1 Bitcoin I knew was once $2,100 (#1,000,000) but now $11,000+ (#5,000,000).
All holders are smiling to the bank today.
How do you receive your coins?
You will have a wallet.
You should download popular wallets like Trust Wallet, MetaMask, etc.
Most coins operate on Ethereum network followed by Binance network, etc.
ALL NEWBIES SHOULD HAVE TRUST WALLET
If you just came into crypto world, Trust Wallet is a must for you to have. It is one of the most popular wallets where you will get your wallet address
Go and download now using the link below and we will teach you how to further on other things related: https://share.trustwallet.com/8c3eKlS
After downloading the app, set it up selecting (Multi wallet) and save your passphrase (keep it safe). If your passphrase details are exposed to third party, your tokens may disappear.
Wallet address is just like your bank account number where you receive your money
Instead of calling it bank account number, we call it wallet address.
Finally: My experience in this cryto hunting:
- There are virtually 3 genuine out of 20 airdrops. Others would be scam or useless coins.
- You don't know the time or day when the genuine will come so you must not ignore any to avoid regrets.
UNI coin ($1200), SSL, DEGEN ($560), THUGS ($56), etc. were the recent shocker. I got two out of it.
- Crypto can turn you into millionaire overnight especially when you run multiple wallets.
- The ones you ignore most times happen to be the gold you throw into ocean.
- Once it does not require money or serious money from you, just keep trying.
- Arbitrage trading can also help but you have to have your ETH ready in different exchanges and monitor the price difference. That gives huge profit.
Likewise, if you study the future of a coin and are convinced, please buy and hold till it skyrocket to the moon. That gives huge profit too.
- Information is power, join groups that have access to firsthand info while the offer is fresh.
That also has a lot to do with seizing opportunities.
I realized Stellar Lumens when they were about to scrap it (after guys have made fortune from it).
In conclusion, don't give up!
Chat me up on WhatsApp for any question: +2347033636021
You can support us financially:
Bitcoin (BTC): bc1qvsztk9kh6jnean99lhuvzhan2zkvfhlapctrhc
Ethereum (ETH): 0x8e1343508cbA64EB1AE15C17182685b4e38F37e1
Binance Smart Chain (BNB): 0x8e1343508cbA64EB1AE15C17182685b4e38F37e1
Binance BEP2 (BNB): bnb1jwctfwy87hw7uv8n566hdhdtg4l0ph62fj0spa
Tron (TRX): TNSvqEdnKGjfKG12hEYnDjamNKRbFSWKbH
Posted Using LeoFinance Beta
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