How to Earn Money from Airdrops in 2024?

Airdrop is already a familiar word to many in the world of cryptocurrency and financial startups. But some users have only heard about it and don't yet know how to earn money from airdrops. This material is created specifically for the latter, where we examine why such projects are conducted, how much you can earn there, and how to choose the most profitable platform.

Let's note right away that almost all projects promoting new cryptocurrencies take place on social networks and messengers (for example, Notcoin was born and grew in Telegram). Accordingly, to interact with such events, you will need accounts on various social platforms. And the more, the better. You can get them using the Grizzly SMS service, which contains the best virtual numbers for registering accounts on Telegram, VKontakte, Twitter, Instagram, Facebook, YouTube, and 200+ other platforms. It's inexpensive, anonymous, and with a quality guarantee.

Earning from Airdrops: Basics

Airdrop is a method of distributing cryptocurrency where coins or tokens are given away for free to a large number of participants. It's most often used to draw attention to a new project, increase the number of users, and create a community around the cryptocurrency.

There are several types of airdrops:

1. Standard airdrop earning: users receive cryptocurrency simply for owning certain other cryptocurrency (for example, if you hold bitcoin, you may be credited with tokens of a new project);
2. Bounty airdrop: users perform specific tasks such as promoting the project on social media, writing articles, or participating in forums, and receive rewards in the form of tokens;
3. Exclusive airdrop: tokens are distributed among a select group of people, for example, participants in the early stages of the project or significant figures in the community;
4. Hard fork airdrop: occurs when a blockchain splits into two, and cryptocurrency holders on the old blockchain receive tokens on the new blockchain.

Airdrop is a marketing tool and a way to spread information about a new project in the cryptocurrency ecosystem.

How to Earn from Airdrops: Instructions

Carefully review the instructions below before starting to earn from cryptocurrency airdrops:

1. Wallet Preparation:

• Create a cryptocurrency wallet: if you don't have one yet, create a wallet that supports Ethereum (e.g., MetaMask, Trust Wallet, or MyEtherWallet), as most airdrops occur on the Ethereum blockchain;
• Get the wallet address: save your public wallet address. You'll need it to receive tokens;

2. Finding Airdrops:

• Follow the news: subscribe to channels, forums, and social networks dedicated to cryptocurrencies (e.g., Twitter, Telegram, Reddit) to stay updated on the latest news and understand if it's possible to earn from airdrops;
• Use airdrop aggregators: sites like AirdropAlert, Airdrop.io, and AirdropKing publish up-to-date information on current and upcoming airdrops;

3. Checking Requirements:

• Study the conditions: make sure you meet all requirements for participation (e.g., owning certain cryptocurrency, performing tasks on social media, etc.);
• Study the rules to understand how to earn from cryptocurrency airdrops without investment of your own funds;
• Be cautious with personal information: never provide your personal information or private keys. Legitimate airdrops only require a public wallet address;

4. Registering for the Airdrop:

• Fill out the registration form: most often this will be a Google form or a special project website where you need to specify your wallet address and complete tasks (if required);
• Confirm participation: perform necessary actions such as subscribing to social media channels, reposting, and liking;

5. Completing Tasks:

• Perform tasks: complete all tasks specified in the airdrop conditions. This may include registering on the website, subscribing to news, participating in discussions, and so on;
• Keep evidence: take screenshots of completed tasks and save them until you receive the tokens;

6. Receiving Tokens:

• Wait for crediting: after fulfilling all conditions, you just need to wait for the tokens to be credited. Timeframes can vary from several days to several months;
• Check balance: periodically check your wallet balance and the earnings from the airdrop;

7. Managing Tokens:

• Add tokens to wallet: if tokens don't appear automatically, add them manually by specifying the token contract address;
• Hold or trade: decide whether you will hold the received tokens for a long time or sell them immediately on an exchange.

Tips and Warnings:

• Caution: Always be vigilant and avoid fraudulent airdrops. Do not provide personal information or private keys;
• Research: Study the project before participating. Check its reputation and goals to avoid wasting time on useless tokens;
• Security: Use a separate wallet for participating in airdrops to minimize risks;
• Many tasks include social media activity. To complete them, you'll need accounts on these platforms, and usually the more profiles users use to complete the tasks, the higher earnings from airdrops without investment can be expected. You can create multiple accounts on any platform using the Grizzly SMS service.

How Much Can You Earn from Airdrops?

Earnings from airdrops vary greatly and depend on the following factors:

1. Popularity and reliability of the project:

• Successful projects: tokens can significantly increase in price;
• Little-known projects: token value may remain low or fall;

2. Number of tokens received:

• Quantity: the more tokens, the higher the potential earnings;
• Airdrop conditions: more tasks — more tokens;

3. How much you can earn from airdrops depends on the market value of tokens:

• Market fluctuations: token value depends on the state of the cryptocurrency market;
• Exchange listing: listing on major exchanges can significantly increase the price of tokens;

4. Examples of earnings:

• Small airdrops: usually from a few dollars to tens of dollars;
• Large projects: potential earnings can reach hundreds or thousands of dollars (for example, Stellar and Uniswap).

Conclusion: airdrop earnings can be purely symbolic or significantly affect the user's financial situation with active participation in the project and its success.

What airdrops to make money on in 2024

Here is a list of the most expected projects of this year, where it is possible to earn on airdrop without investment:

1. Ambient - a hint of airdrop in a tweet from the end of 2023;
2. Blast - active, you can join and earn;
3. EigenLayer - expected to introduce its token in 2024;
4. io - confirmed and active;
5. LayerZero - assumed but not yet confirmed;
6. Marginfi - not confirmed, but mrgn points have been introduced;
7. MetaMask - likely, but no official confirmation;
8. Quai Network - has a social media rewards program;
9. Raby - points system indicates possible airdrop;
10. Renzo Protocol - users earn points and ezPoints;
11. Scroll - possible airdrop similar to other L2 networks (Optimism, Arbitrum);
12. Shardeum - token issuance and 5% distribution is planned;
13. Starknet - team confirmed airdrop of over 1.8 billion STRK tokens;
14. ZetaChain - test network where points can be converted into tokens.