Full Transcript
[00:02] airdrops over the past year. It's currently one of the best ways to make what we're going to see happen with airdrops in 2024 is going to dwarf by far anything that we've seen so far. In this video, I'll walk you through what
[00:15] airdrops are, how to get started, how to avoid scams, and overall do a complete beginner's guide on how to get started earning crypto airdrops. To start off, let's dive into what are crypto airdrops. Crypto airdrops are like
[00:28] rewards for early users and adopters of crypto platforms, blockchains, and products. And this strategy has proven to be a really effective way to jumpst start a chain, project, etc. with liquidity, users, and adoption.
[00:40] Basically, airdrops are a big part of many crypto projects marketing strategy. Because people think that a certain blockchain or a certain project might go and use that blockchain or they'll
[00:52] use that project hoping that they could potentially earn that airdrop if it does actively say that they're going to have an airdrop. They don't like promote and airdrop. You should come and use this blockchain." What happens is users again
[01:06] just see that they don't have a token and then assume that they might have an airdrop and just go and start using these things. And the reason users do that is because the right airdrops can be extremely lucrative. I've had
[01:18] airdrops like Celestia where initially I was air dropped around $3,000 worth of tokens and I held those tokens they ended up going up to around $22,000. I've had other airdrops like Dimension which is currently worth over
[01:31] $25,000. And there's a member of the Obsidian Council who made over $60,000 from the Jupiter airdrop alone. Also worth noting he did that on his own by just being an extremely early user of that platform. I personally only made
[01:43] around $800 from that airdrop myself. Now, I know you're thinking, which is essentially free money? This is obviously too good to be true, and it let me make it clear that airdrop farming is really confusing. It is far
[01:57] from guaranteed. It requires a ton of learning and patience and work. And it is filled with just absolutely so many ridiculous scams that it makes it really experienced users to navigate through the space. The scams part is really
[02:12] are literally all over the place. It is one of the most common ways that inexperienced new users get hacked. But for those who take the time to learn, precautions, there are tons of very lucrative and very real airdrop
[02:26] opportunities out there. For example, I recently earned around $2,000 in a memecoin for simply being an early user on a crypto social media platform called Farcaster and posting occasionally. And to be clear, I wasn't on this app to
[02:38] explore and learn and kind of grow my skills in the crypto space. And nobody from doing this. It wasn't like, hey, come use this. You might get an airdrop. kind of concept. I want to go use this. And then the airdrop was more of a
[02:52] the line. Let's dive in a little bit more into how and why airdrops exist in the first place. First off, you need to understand that these projects aren't taking money from their bank account and just like handing it to users. They are
[03:05] essentially printing a token out of thin air that cost them $0 to make. And these tokens are just a bunch of code. The market is what determines the value of to get these airdrops and get these tokens and just sell them immediately
[03:18] when they got them and nobody was buying these tokens, then of course these But if the airdrops from a real project that's like wellknown and big in the usually a lot of people don't sell. And there's usually a lot of people that
[03:31] jump in and end up buying more of these tokens anticipating that maybe they might go up in price further. Meaning suddenly these tokens that cost $0 to make are worth a decent amount of money. And if that seems insanely stupid or
[03:43] understand why you'd think that. Maybe the easiest way to understand this trading cards. Trading cards are just pieces of cardboard that are printed on. They inherently have no utility and no value within themselves. Yet, there are
[03:57] sports trading cards that trade for millions and millions of dollars. Now, like Magic the Gathering and Pokemon that some of these cards trade for thousands or in some cases millions of dollars. Even though they're just pieces
[04:09] of cardboard, because a lot of people perceive those pieces of cardboard to be valuable, they have value and you can sell them for a lot of money. Another analogy would be imagine if Taylor Swift made like a super secret song and she
[04:21] only gave it to like 10,000 of her most hardcore fans. she like looked around joined this fan club and they've bought this collector's edition, you know, get this super special song." And you're going to have to use your imagination a
[04:34] people that owned this song could actually listen to it. Let's like and put it on the internet. Only the people that had this like super special song could actually listen to it. What do you think a copy of that digital song
[04:48] it'd be worth a little bit of money or you think it would be worth a lot of money? It would probably be worth a lot of money. Probably all 10,000 copies millions of dollars. But how much would it cost Taylor Swift to actually give
[05:02] Considering they're digital, it would cost her zero. I mean, obviously, it cost her time to make the song and she had to pay to get that song recorded. cost her very little. It certainly didn't cost her millions and millions of
[05:16] dollars. Yet, she would have created millions of dollars of value by giving these songs out. That's essentially how airdrops work. It doesn't cost these out these tokens. Yet, they create millions or in some cases billions of
[05:30] speculation. And these projects get users for their platforms. They get huge chunk of these tokens that are now worth a lot of money. Okay, so now that you understand why airdrops exist in the first place, let's talk about how you
[05:44] mentioned earlier, it can be really confusing and it requires a little bit of a learning curve to really get up to speed on how to get started. The first thing you need to do is to identify a potential airdrop. There are a ton of
[05:56] potential airdrops out there, but the truth is that 99% of them are either scams or a complete waste of time. You want to instead go after the best and most likely airdrop opportunities. For example, one highly anticipated airdrop
[06:08] potential gold mine because it could open the door for potentially multiple air drops through essentially one move. IEN layer also has what's called a point system. As you use Igen layer and do the various things that I layer wants you to
[06:21] do, you accumulate these things called points. And although I layer has never said like your points are going to translate over into an airdrop or anything like that, it is speculated by the market that these points will
[06:33] translate over into a potentially a future IE layer airdrop. the more points you earn on ien layer potentially the bigger airdrop allocation you'll earn in said that and that's really one of the
[06:46] farming is you're kind of shooting in the dark hoping that you could maybe in the future earn this airdrop that you have no guarantees that you can actually get with airdrop hunting you are never guaranteed an airdrop it is a complete
[06:59] guessing game as far as points go points are a newer trend that a lot of projects protocols it's kind of a way for them to indicate that they'll probably have an airdrop. And these are the things they want you to do if you maybe want to earn
[07:12] you can't sell them. You can't do anything with them. They're primarily considered metrics for gauging maybe your potential airdrop. Okay? So, first airdrop. And secondly, you need to go and use the protocol that you're trying
[07:25] to earn this airdrop from. And really, when it comes to this, there's not like one particular way to do this. There's no like right way to go do this. A lot completely guessing. and you're like, "Okay, uh, this is a DEX where you swap
[07:38] swap some cryptos. Maybe I'll provide some liquidity. Maybe I'll, you know, do hopefully I'll earn an airdrop." Obviously though, when a protocol or system that kind of tells you what you need to do. Whatever earns you the most
[07:53] that earns you the highest airdrop allocation. For example, to potentially earn an airdrop for something like iigen layer, you would take some of your ETH, Swell. You would take your liquid staking token from Swell and then you
[08:06] would go reststake that on IGEN layer. Alternatively, you could also just go to and they're going to automatically restake it for you on IGEN layer and you'll start accumulating points that way. And that's it for Igen layer. You
[08:19] that would start earning you some points. That's because for IEN layer that's the most valuable action a user could take. They need a ton of value could bootstrap what they're trying to build. For other airdrops like Rabby
[08:31] You go and use their wallet, you do swaps on their wallet, you invite other blockchains like Arbitum, it involved using apps on Arbitum and bridging over personally earned a couple airdrops through Celestia by simply taking my TIA
[08:47] projects who use Celestia for data availability have been rewarding stakers on Celestia with an allocation from their airdrop. So, as you can see, there are a lot of ways to earn airdrops and not all of them are the same thing. Each
[09:00] involve you going and using these the things that are most valuable to those projects or blockchains. And often the ones who get the biggest airdrops
[09:12] are the ones who are able to spread out their footprint on chain as wide as what that means, think of onchain as the same thing as online. Imagine being an all these different websites. You sign up for Hotmail. You're chatting on AOL.
[09:27] You're doing all the various things internet users do. Well, that's exactly doing things onchain. You're going to these dexes and you're doing swaps. You're staking things on various platforms. You're using onchain social
[09:40] listening to this, you have no idea what I'm even talking about when I reference in some ways, actually ideal when it comes to hunting these airdrops. That's because for me, when I hunt airdrops, I'm not actually hunting airdrops. Or at
[09:54] I'm going to get anything in return. Instead, for me, it's just a massive about all these new things coming out, all these new things being built. I want to have an edge over the market when it comes to investing by actually going and
[10:07] apps, etc., allowing me to get an insight that maybe your average person doesn't have. So, I'm taking $500 to $1,000 and going around and just using these various things again with no expectation of getting anything in
[10:20] return. My primary goal is just to learn, grow my knowledge, and explore. as research for investing. And anything that I get on top of that, for me, it's qualified for a lot of different airdrops, a number of different ways,
[10:33] the different ways that I've qualified for airdrops in just a second. But joining the Obsidian Council, my private community with in-depth research on the markets, airdrops, and a ton more, it's currently closed to new members, but you
[10:48] description of this video to get notified when we open back up again. airdrops in the past include one, staking my TIA tokens. Projects that use Celestia for DA sometimes airdrop tokens to Celestia staker. Two, staking my
[11:02] osmosis tokens. Three, using arbitum apps. Four, using dexes like Uniswap and Jupiter. Five, using decentralized social media apps like Farcaster. Six, owning certain NFTts. In this case, for me, it was I owned a Madlad and it that
[11:15] allowed me to qualify for an airdrop. Seven, bridging funds over to certain airdrop for a new blockchain, this is commonly a metric that goes into who can bridging funds over into that chain. And lastly, a few times I've earned an
[11:29] multiple of those things. Sometimes they'll look at say, "Hey, did you do things on arbitum? Are you staking on Celestia and are you doing this extra those things, then you earned an airdrop. Like I said before, they don't
[11:41] need to do ahead of time. A lot of it is a guessing game. A lot of it is you just kind of spreading your footprint as wide as possible and hoping maybe you earn an about learning and exploring and just trying these things out and getting
[11:56] better at just navigating around on chain and understanding how these things solid strategy that gives you a wide footprint on chain to possibly earn an airdrop, go watch my recent video, if I only had $1,000 to invest today, my
[12:09] exact plan, I go over a pretty massive strategy that touches on a lot of that might end up being an effective airdrop strategy. We'll see as time goes process is that you have to keep up to date on when airdrops happen. Airrops
[12:25] last for forever. So, if an airdrop says, "Hey, you can claim between these miss out on that airdrop for forever, even if you had previously earned it. But beware, because, like I mentioned earlier, there are a ton of scams that
[12:39] fake links that'll end up draining your entire wallet. These scams trick people by creating these posts that look really authentic. They look like they're hoping to get an airdrop from, and it says something like, "Oh, claim now by
[12:53] scam. If you click that link, you'll sign a transaction that'll end up draining your entire wallet. You have to essentially be hyper paranoid when it do it well. Cuz otherwise, you're going to fall for one of these scams and get
[13:06] get anything from this video, it should be this. If you're in the crypto space, only the paranoid survive. I I cannot stress that enough. Only the paranoid relentless and you have to be extremely careful. Before clicking a link, I
[13:21] literally every time verify the link is spelled correctly. check that the link by copying the link address and pasting it in notes. Once again, making sure official Twitter, Discord, and website to make sure they've all announced the
[13:35] AirDrop claim page and use the same exact link. I check the comments to see if anyone is saying it's a scam. I do a few Google searches to verify others are talking about it as well. And after all of that, I then carefully open the link.
[13:47] If when the web page loads, it asks me to connect to my wallet. I'll typically connect to an address that only has a small amount of funds in it and I'll use that address first just to see what happens. If all that seems excessive,
[14:00] that's because even the smartest out there sometimes can be tricked by these things. So again, you have to literally be paranoid if this is something you want to get into. So to summarize, airdrops are legitimate and lucrative if
[14:12] Picking the right ones is really important because there's a lot of projects that don't have a token, but 99% of them are either going to be scams time. There are many different ways that you can earn airdrops, but almost all of
[14:26] projects at an early stage and doing various things on chain. To up your airdrop, you want to spread your footprint on chain as wide as possible. space, and just trying out a lot of cool things. You want to keep up to date with
[14:41] not going to get the airdrop. For me personally, to do this, I mostly use airdrop accounts to follow. They give you up-to-date information on when paranoid when it comes to clicking links, especially when it comes to
[14:55] scams when it comes to airdrops, and it is one of the most common ways that new users get their wallets drained. You can slightly help protect against this by using wallets like Rabby Wallet. And always make sure you triple check and go
[15:08] always, none of this is investment advice. None of this is me advising you to go do these things. This is just me teaching you about something that exists interested in joining the OC, make sure you join the weight list in the
[15:20] like button. If you want to see more subscribe button and the little bell next to it to get notified each time I release a video. Thanks for watching and I'll see you next