We have a full on dedicated section with free token drops on our website and time has come to take a look on how to choose the best projects to participate in.
Airdrops are giveaways of tokens, that can be claimed by fulfilling some conditions like following the social media, for example.
There are two types of airdrops - the ones, that only reward the coin holders and the ones, that are active while the ICO or the IDO is on. We will focus on the second one for now, because it doesn’t require any investments.
Why do people give away their coins?
They simply need clout and giving away assets, that cost pennies by the time is a great way to attract attention to the project for further growth.
How to profit from that?
HODL! Don’t proceed to convert your new tokens into Ethereum or Bitcoin. You didn’t pay anything for the asset and considering you are in it’s early users you probably won’t lose the money, you could get by exchanging the coin in the start. A possible sidecoin pump could be right around the corner and your asset, that was claimed for free could easily show X’s.
The name speaks for itself as you could earn the tokens of the ICO or the IDO by working for the project.
Tasks like copywriting, designing logos, massfollowing or massliking, that are paid for, in projects coins are a great way for the project’s founders to find their crew.
They don’t lose anything either, because by the time you enter the bounty program the coins, project offers, are worth nothing - so be careful when you choose a bounty program, otherwise you could end up spending your time and energy for shitcoins.
Multi account users will be noticed immediately by the project’s founders, so trying to parasitise on them isn’t a thing, we recommend to do.
Being the most luck-dependant of the three, a whitelist is a list of accounts, that gain access to some sort of an early access to a token sale or the ability to simply buy some super rare tokens. If you are lucky enough, then after filling a form you will become a participant of the whitelist you’ve tried applying for. Chances are usually small - that’s why people tend to use multiple accounts and apply for nearly every white list, they find.
Enthusiasts, who are into crypto could say you do need investments to buy tokens, if you gain an allocation in the whitelist - well, they are right. However, whitelist places can be also sold on the aftermarket with prices as high as a couple thousand bucks with only the need to pay fees - pure profit.
The three categories can be found in our website’s «Free Drops» section with details about the event under each post. Only earning - no losing, mates!
You can also find similar articles about profiting from NFT and profiting from ICOs and IDOs in our blog.