Web3 airdrop entry guide: Every newcomer in the industry recommends starting with airdrops

There are two major groups in the Web3 industry: those who speculate in coins and those who take advantage of airdrops.

Although there are fewer and fewer opportunities to get rich by taking advantage of airdrops, the token distribution method of airdrops will always exist.

The entire Crypto industry is still in its early stages, and we are still one of the early players, so we can still reap the industry dividends by taking advantage of airdrops in the next two years.

For newcomers who have just entered the Web3 industry, taking advantage of airdrops is a good way to learn.

Because in the process of interacting with different projects, you can not only establish your own cognition and methodology, but also have the opportunity to earn airdrops as positive feedback for learning.

So how do you get started with airdrops?

No matter which field, newcomers can start from the three dimensions of Tao, Shu, and Qi.

• "Tao" is cognition, the cognition and thinking mode of the industry, which requires long-term accumulation to form one's own thinking model.  

• "Shu" is methodology, specific and practical methods, which can be broken down into different modules and capabilities to guide our daily operations.  

• "Qi" is tools, tools used in daily life. If you want to do your job well, you must first sharpen your tools. Efficient tools can make us get twice the result with half the effort.  

01 Dao: Establish a global cognitive model

What is an airdrop?  

When issuing tokens, the project party will distribute tokens to community members or specific user groups for free.

Why do project parties want airdrops?  

On the one hand, it is for the cold start of the project. Under the incentive of airdrop tokens, many wool party users will invest time or a small amount of money to participate in the product to complete the cold start;

On the other hand, it encourages more people to participate in the development of the product. The more people hold tokens, the more people will participate in the use of the product, the more prosperous the ecosystem will be, and the higher the value of the token will be, and finally a positive cycle will be formed.

Of course, from a pure trading perspective, it is to make a plate. After the airdrop, this capital plate will be even larger.

So why do we want to airdrop?  

First, you must have a correct mentality. Don't fantasize about getting rich by wooling, but accumulate the first pot of gold by wooling.

On the one hand, you can maintain market sensitivity, participate in more new projects, grasp the direction of market development, and establish your own project analysis capabilities; on the other hand, you can get a certain amount of income through "fine pulling", which can be regarded as Learn to Eran, earning while learning, and providing positive feedback for your own learning.

Finally, where is the airdrop?  

The core has two dimensions: First, choose the track. The Web3 industry actually has many subdivided tracks, and you must choose a track with a high ceiling. This is why the Layer2 track often has big hair, while pure application projects are often small hair, because the ceiling of the public chain is higher than the application.

The second is to choose the leader. No matter which track, you must focus on the leading project, and at most add a second dragon. Many tracks are basically dominated by two leaders. For example, in Layer2, Arbitrum and Optimism are the absolute leaders; in the inscription track, SATS and ORDI are the absolute leaders.

Okay, after understanding the above, we have basically established a basic understanding of airdrops.

However, this information is far from enough. The overall cognition and thinking model can only be established through long-term immersion in this industry and the accumulation of experience.

02 Technique: Establish a systematic methodology

For airdrops, the most important two abilities are: project analysis ability and fund management ability.

(1) Project analysis ability

You need to learn to research and screen projects through a large amount of information.

The core is to target the top projects: industry infrastructure and track leaders.

There are many dimensions to determine the top projects: team background, financing background, operating mechanism, technological innovation, product data, user reputation, etc.

Products that can bring user value and have a decentralized goal (i.e., products that can issue tokens with high certainty) are worth airdropping.

The most important point is to experience the product yourself. When you have experienced enough products, you will have a very intuitive feeling and judgment when a new product is placed in front of you.

Airdrop hunters are all deep experiencers of this industry.  

(2) Fund management capabilities 

There are many things to do here.

Witch prevention: A witch is a person who controls many identities, so the project party will take many measures to prevent witches. For us, different wallet addresses must be isolated for funds and cannot have related transactions. (High-level isolation also includes device isolation, IP isolation, etc.)

Enrich on-chain data: multi-chain interaction, experience different products, and stay active.

Fund utilization efficiency: interact during time periods when network fees are low. Kill more with one fish, and do as many on-chain interactions as possible with a certain amount of funds to reduce wear and tear.

Risk management: Especially for early projects, the probability of running away or being attacked by hackers is very high, so it is necessary to isolate funds. For example, try not to put large amounts of funds into the project party's smart contract for a long time, and be cautious in signing and authorizing.

Cost control: Do a good job of cost estimation, which is divided into fine + shallow, and the wallet address of fine needs to consume more network fees.

From the specific process of airdrop, we can see that airdrop is a systematic project, which not only requires the establishment of project analysis capabilities, but also requires a systematic understanding of various scenarios of on-chain interaction.

03 Tools: Build your own arsenal The core is to find effective tools and information channels.  

(1) Commonly used tool recommendations:  

• DeFi analysis tool: Defillama, which can see the top DeFi applications of different public chain ecosystems.

• Project background analysis tool: RootData, which can see the investment and financing situation of each project.

• Asset management tool: Debank, which can manage your assets in one stop, with very comprehensive asset coverage.

• On-chain data analysis tool: Dune, where you can find many valuable data dashboards.

(2) Do tasks: If you don’t know which projects to invest in, these task platforms are the vane.

The first one I recommend is Cryptopedia of OKX Wallet, which will select many well-known projects with airdrops and give out additional prize pools. Therefore, I will participate in every event, and the actual rewards I get in the end are also unexpectedly high.

Wallet Platform:

• OKX Wallet's Cryptopedia

• Binance Wallet's Airdrop Platform

• Bitget Wallet's Earning Coin Center

Task Platform: -Galxe: An old-fashioned task platform

• Layer3: A newly issued task platform

• RabbitHole: An ancient task platform

• QuestN: An emerging task platform

（3）Establish information channels: 

Here are just some ideas to share with you some of the airdrop bloggers that I often read. There are many other airdrop teachers that are not listed here.

• 冰青蛙@Ice_Frog666666: Focus on sharing thinking methods

• 丰密@KuiGas: Sharing practical experience

• sanyi@sanyi_eth_: Focus on technical guidance

• 何币@hebi555: Discover early projects in advance

• zhaozhao@0xzhaozhao: Provides a systematic methodology

• 追风@ZF_lab: Daily project summary sharing

• 无颜@WY_mask: Daily project summary sharing

• Finally, the easiest thing is to take the first step, buy some digital assets, and then experience some decentralized applications. Only in this way can you have a personal experience of this industry. 

  Just stand on the shore and watch, without entering the water, you will never learn to swim.