What is Airdrop coin? Instructions for participating in Airdrop for newbie from Smsverificationphone

[Levi D'Amore]

In recently times, huge Airdrops from large projects such as Aptos, Optimism, ParaSwap,... have created a wave of Airdrop hunting from users in the Crypto market. So what is Airdrop? Why is Airdrop so hot? Please join Smsverificationphone to find out details through this article!

What is Airdrop?​

Airdrop is an activity that distributes a project's tokens to the community, usually new projects launching tokens as a way for them to attract the attention of the community, helping the project become more known and This can be considered a quite effective marketing method in recent years.

During a project's Airdrops, tokens or coins of that project will be given to participants for free. According to the fundamentals, that token/coin will grow in today's cryptocurrency price market if users can grow the number of people who know and participate in that project.

Airdrop classification​

Airdrop programs on platforms such as Discord, Telegram. This is a form of Airdrop where tokens will be distributed to the community for free and you may not have to do anything.
The only requirement is to create an account or provide your wallet address. However, this type of Airdrop may only have a certain amount of tokens, so you need to monitor and get information early to grasp information about this Airdrop.

Bounty Airdrop​

Bounty Airdrop is a form of Airdrop that requires you to complete more tasks, usually these tasks can be following the project's communication channels such as: Twitter, Telegram, Discord,... however these tasks It's not too difficult either.

Retroactive​

Retroactive is a form of Airdrop in which projects will Airdrop tokens that have early support for the project such as: early users of the platform, contributions to the project,...

Typical examples of this type of Airdrop are the previous huge Airdrops for users of Uniswap, Paraswap or most recently Optimism,...

This type of Airdrop requires users to hold a certain token or NFT as required to be eligible to receive the Airdrop. An example of this type of Airdrop is the recent Airdrop of Aptos and Hooker Protocol (Airdrop for users who own NFTs of the project).

Examples of Airdrops​

Uniswap​

In September 2020, the crypto community was shocked when Uniswap suddenly announced an Airdrop of 400 UNI to 250,000 wallet addresses, with each wallet estimated to receive more than 1000 USD at the time of the Airdrop.

However, UNI's Airdrop value can be much larger when after the Airdrop, UNI price reaches nearly 45 USD in May 2021.

ParaSwap​

In November 2021, ParaSwap Foundation announced it would Airdrop 150 million PSP tokens, accounting for about 7.5% of PSP's total supply of 2 billion, to the first 20,000 users.

It is estimated that each wallet that receives ParaSwap's Airdrop will receive up to several thousand dollars, depending on the PSP price.

Optimism​

Optimism's Airdrop is one of the notable Airdrops of the cryptocurrency market in the past year, more than 250,000 valid wallet addresses based on positive contributions to the Optimism ecosystem have received the OP token Airdrop.

It is estimated that each wallet receiving Optimism's Airdrop is worth more than 1000 USD each.

Aptos​

Aptos can be considered a surprising and attention-grabbing Airdrop in 2022. Aptos's Airdrop announcement was right on the day the APT token was listed on major cryptocurrency exchanges on October 19, 2022.

According to the official announcement from Aptos Labs, the project will airdrop to those who participate in the Aptos Incentivized Testnet (node running program) (300 APT per wallet) or have minted Aptos Zero NFT testnet network (150 APT per wallet).

It is estimated that each wallet receiving Aptos Airdrop is worth more than 1000 USD each.

Who can participate in the Airdrop?​

As I said at the beginning of the article, Airdrop is a form in which projects want to reach the most users, so in Airdrop programs, all users can participate.

What do you need to prepare when participating in Airdrop?
To participate in Airdrop from projects, you need to prepare wallets from different chains such as: Ethereum, Solana, BNB Chain, Avalanche,...

Especially note that you must use a secondary wallet when participating in activities. Airdrop from projects to avoid the risk of wallet hacking.

This is the process I often do for your reference (you should choose which bets need to make more accounts, which bets need to make less accounts):

Prepare a mobile phone number (the number of phone numbers you have will determine how many accounts you have to register)

If you do not have a phone number for this purpose, or do not have many phone numbers, you can rent an additional virtual phone number using the smsverificationphone website.
Next, from the phone numbers, create Gmail accounts –> Telegram (use the Web version for each browser, do not download to your device) –> Twitter –> Discord.
Download software to change IP address, here I often use Hola software (as a Chorme utility similar to Metamask wallet), this is an important step if you want to make many accounts. To use Hola, go to the link: https://chrome.google.com/webstore/detail/hola-vpn-the-website-unbl/gkojfkhlekighikafcpjkiklfbnlmeio to download, then use each time to make the bets you enable. Up like the photo below, turn it off immediately after use!

How to participate in Airdrop​

Each airdrop from projects has its own requirements. Retroactive Airdrops usually have great value, so many people will pay more attention to this type of Airdrop, but often projects will take snapshots before notifying the community, making it difficult to determine the towel. However, you can choose the criteria below to make your Airdrop hunting easier:

Check out media channels like Twitter for the #Airdrop #Reoactive hashtags (filter out other criteria) and see if any projects stand out and go for it! Smsverificationphone wishes you success!