Bitcoin Forum

Investing in tokens for long-term hodl has always been my preference, watching their value increase over time is incredibly satisfying as a crypto investor. However, I've recently been intrigued by individuals who earn cryptocurrency through simple tasks and see their portfolios grow.

While I've always enjoyed purchasing tokens, I've been exposed to new ways of earning free crypto through various cryptocurrency discussion forums. Platforms like Layer3 offer quests where users can earn XP, which can lead to airdrops. Additionally, exchanges incentivize users with tokens for completing tasks and spinning wheels. It's fascinating to see how people can discover and earn new cryptocurrencies through these methods.

As a crypto investor, is it taboo to inquire about opportunities to earn free tokens? Some believe that airdrops will kickstart the 2024 bull market, and based on current trends, I can see why. For those who participate in these tasks, how do you identify the most lucrative and rewarding opportunities?

Why would free crypto tokens be a taboo or frowned upon? For investors, scoring something for nothing is like winning the lottery.  No doubt airdrops can whip up excitement, as you mentioned.  but there is a catch - they eat up time hunting them down. and  And not everyone has hours to burn chasing airdrops.

That's okay if they earn with simple tasks and I think that you're talking about the airdrops, they're common nowadays or should I say that they're mostly common during the bull run. There are so much airdrops that are coming and for this reason, this makes all of those airdroppers to have more money during this bull run and those have been taken for free but with some fees needed to pursue the tasks.

It's not new discovery, they've been there for so long and they just being hyped due to the potential rewards and value that they're going to distribute later on. And it's even being done by this time because more people get into the market just to do airdrops and they're participating almost every project that they can and then later on, they'll simply dump all of those tokens that they've earned.

Just do your own thing. If you're an investor and lazy into airdrops, that's fine. Many are like that even I but you can't stop people from doing those airdrops. It is their time and mind that's being spent on it with some fees that they have to do for bridging and testing the mainnets of those projects.

Exploring new ventures in the crypto space is truly exciting. This concept of earning through simple tasks has gained even more popularity, especially since the beginning of the bull run. Back then, those who engaged in such activities were known as bounty hunters when ICOs were rampant, and almost solely social media campaigns were undertaken. But now, it's shifted to airdrops, requiring engagement directly on the project's platform. Therefore, the rewards you receive depend on your activity's progress. They also require you to connect a wallet and try or make purchases of their products and services. So if you decide to give this a try, you should only use a dummy wallet.

My suggestion is that you continue to carry out activities by buying coins at cheap prices and selling them when the price has risen. But don't get too hung up on holding coins for too long, because after a pump the coins will usually dump until they return to their starting point or even become worthless.

Airdrops are very promising, but when you are busy hunting for airdrops, how much time have you wasted just to get a few dollars? really not worth it. It would be better if you look for another job that earns quite a lot rather than airdrops.

It's a very good initiative that you're doing to tell people about what you have gone through. Nowadays people get scammed and they don't tell people about it because on the inner side they also want others to get scammed. It's a very good practice to do this to save many people from being pissed out at their back.

Projects like these are very much difficult to suggest whether they are legit or not that's why governments are having issues to make crypto completely official in their respective countries.Now people like them make the whole market very much unpredictable to suggest and guess who's legit and whose a scammer. I hope a solution would be advised to be technical in this very soon.

There is a very huge potential of earning indirectly through the world of crypto because every project needs some marketing and you can do it for them if you have a traffic source.Airdrops have been in the game from a very long time it's not something new to be discovered. Actually people prefer to invest in something that is earned by easy means into the crypto market.
I have seen many people that go on with these short tricks and then they invest the money into crypto so that even if they lose it they don't have regrets. That's ok in my opinion but this also makes you effortless sometimes you just go in and invest but if you will invest your savings you'll be more calculative.

Why? are there any prerequisites on who are the only people allowed to earn free tokens?

I see participants of it that they're identifying it as the most lucrative because they're not requiring a lot of money. Compared to investing, you're required with money but those who are starting out, they're free to check out these airdrops without having a need of sums of money to start with.

But do not forget to take your profits as early as you can because people are too greedy nowadays and think that most of these airdrops will survive until the end but most of them, don't.

You're right, absolutely! Although in some forums, investors tends to turn away from discussions about earning free tokens. It's sometimes egarded as a waste of time, which I don't think it is in these season. That I know.  Airdrop hunting requires so much time trying to meet the task requirements for legitimate ones. Truth!

For me, Task from Exchanges seem to be the easiest. The few I've found may require some swaps on the exchange platform which is a normal thing for exchange users. But the good part is, it makes users eligible for some rewards. I'm on a look out for some tasks that could pay good rewards at the end. You're welcome to throw some at me. Okay?

That's truth in airdrop, people might just look at it because they're for free but the effort that you have to commit doing those are going to take your time and you need to spend effort as well and some might be for the fees. Also the risk is there, that you'll have no idea if the project that you're participating for that airdrop is going to be successful or will have value in the nearest future but what's good with this season is that most of them are having a great value which participants of it are happy to continue in doing so and that motivates them to check each of it.

Well, what I just know are with Binance and I don't look at the other exchanges because participating there is easy and I mean about the task is just I am simply depositing on the earn feature that they are having with airdrops. But for some tasks type, I don't know if they have it. Maybe look at the other earn feature of other exchanges which is also teaching the newbies with some credits or balances of tokens as rewards like coinbase earn. I think that the other exchanges have this type of learn and earn feature that will give you some rewards after learning and finishing the courses.

Why would it be taboo? If anything, it is encouraged. Given that you are careful about which projects you choose to invest your time and efforts in. Some people do think that it is a waste of time but I personally believe that there’s really not much to lose if you try airdrops and so much more to gain when you get into a project that has value later on.

Did a quick search about task from platforms and I found this. Know about it?
https://www.bitget.com/events/activities/1bc7e6c932b85b348eb59322f1363834?color=blue&channelCode=2eyu&vipCode=gzu8

Airdrops are not always guaranteed, so if you are willing to risk your time and some small transaction fees, it's fine, that's the best way to make money right now in the cryptocurrency market.
It's looks like now, there's different way of airdrop, compared before you just fill out some forms, now there's retroactives, some trading volumes or some you need to participate or use their platforms.

its an opportunity provided by the devs for some reason maybe they want recognition and then allocate that budget for people participation into advertising their brand or it is to test out their testnet and so on.
but fairly speaking here i've done various tasks of these opportunity of earning "free token or coin" and I think most of the time they are not really free at all.
I remember burning so many of my money bridging over to new blockchain just for the sake of testing out the ins and outs of their ecosystem, dapps and so on.
the blockchain founder themselves also happy that they got increase of volume in their blockchain and that they could test out whether their blockchain is functioning really well.
they usually don't just give token for free they require certain tasks that sometime burns your wallet and im talking about bridging where at current time requires paying
at least more than $100 for just briding in and out.
not to mention a more complicated contract calls that even might cost even higher.

Why would it be a taboo? Free tokens do not come for free as you need to complete certain tasks for anyone to qualify for those tokens. Airdrop is a common way to encourage the community to use the platform and increase the community. I do see a lot of airdrops being promoted on the Solana blockchain and everyone is quite excited to become part of such airdrops. There is no shame in participating in any airdrop but do remember some of them may not be airdrops they can be scams wherein you might be asked to pay something in advance. Stay away from such airdrops and avoid getting scammed.

Not really mate. I am investing too like coinlist and some platform and at the same time I am grinding for free liquidity airdrops or those with campaign that do simple task lile social one and on chain transactions. For me I think the dilution of campaign is important, when I see the project that has potential but already swarmed by participants I reject and dont join feels like the reward will turn out to be small thats why I am looking for project without much noise.

Thank you for sharing. Receiving GALA, a token that has strong momentum as reward seen worth giving a try.

Investment gives you huge reward but for it you have to use your money while there are also lots of other ways which are free of cost and can give you huge profit. As you have talked about Airdrop so it is providing a way in which we have to perform certain task so we can get reward without using our own money.

Currently Airdrops are worthy so people often earn through Airdrops but it is necessary to be noted that all Airdrops cannot give you profit but some of them can give your reward for which you are eligible so its up to you that do all Airdrops if you have time so some of them can make you wealthy if you work properly.

The use dummy wallet in trying out some of these random airdrop for random luck is what makes subscribe to Centralized exchanges airdrop related events most times. It obviously seems more safer than risking your wallet for some random airdrop. Just imagine taking part in a deposit or trading event for some airdrop just like the ongoing GALA deposit and trade event on Bitget. With the 10k worth of GALA as reward pool; it could be a safe airdrop event to participate if anyone has the prerequisite.

Many airdrops are seen as fraud and most of them ended up being what they are perceived to be, I have not been into any raindrop kind of shit but despite being skeptical about airdrops I still believe that there are still project that looks fake but they are real.
Why I doubt airdrop most times is because it is free, most time scammers use this free ideology to get people to the system before they can perpetrate their evil mindset, everything about airdrop should be done with caution because you wouldn't know which one that's real.

For now airdrop has the most rewarding opportunities for beginners. I taught the days of airdrops are over not untill yesterday a freind sent me an airdrop and said it will be listed anytime soon. I dont want to believe this because i have participated in some and i was not rewarded. However in as much as there are fake airdrops there are still legit ones. So i will try it, maybe ill just share it here to see if anyone knows about it

I agree with you and that's why most people use a dummy wallet to interact with such opportunities. I usually create new wallet to interact with any test net due to trust issue as you highlighted. Most times taking part in airdrop opportunities on centralized exchanges should be the best and safest play cos it has zero risk imho.

There are lots of airdrops out there that are scams. In fact 70% of the airdrops we see floating around are scams. If you paraventure find the right airdrop, it might take a long period of time before that coin get listed in an exchange, and after all these while we tend to see lots of people complaining how they lost their access to the coins by misplacing mnemonic seed to the wallet their airdrop coin is. Anyone who has benefited from airdrops are those who have patience and are discipline enough to keep their seed phrase in a good condition.

The airdrop method has changed a lot which also helps to kick out all the scam airdrop from the market. Few years ago airdrop were totally free and there was no way to identify multiple entries. But right now, only legit and big projects airdrop their tokens for the community. This also helps the project build a community and distribute a good chunk of tokens to their community which makes the token supply reach a lot of people. Airdrop also proves project legitimacy and dedication for the project and their community.

70% of airdrops are scams, it's certain but that shouldn't be the main triggers of pushing harder in the market. Ofcourse there are other sectors to explore, it must not be the standardized airdrops which happen to be the trends of the market. Everything will continue to work in good condition, we should be doing what favors us other than seeking the face of other projects that doesn't worked in acquaintance. Don't put your hope in crypto projects because at the end of the day, the ends up dissapointing us and throwing us into a tight corner.

Average crypto investors started their crypto journey through airdrop. How do you expect someone receiving less $30 as salary to conveniently invest big in crypto? In most cases, this people start with running airdrops till they making some good money which can now be reinvest in any project of one interest.

The only way you can identify this, is with information, information is power, let me use myself as example, as a member of this forum I have I have benefited not that much but my level of benefit is okay for me though I know that I will still earn more in time coming, there are many opportunities in crypto that most of us don't know just because we are not with the right people around us, in the crypto world most times you read through some articles online and you don't understand but this is something that you would have learn from friends practically if you are in the right space, apart from the usual earning we have as crypto enthusiast, there are many other ones too that wr dont know.

As a crypto investor, aside from buying cryptocurrencies for longterm hold, it's perfectly fine to explore other avenues to acquire free tokens like airdrops. It's true that this can be profitable, as getting lucky with an airdrop can result in significant profits. However, not all airdrops are lucrative… many are a waste of time and effort. But if you're determined to earn, dedicating your time and patience to participate in every airdrop can be worthwhile.