Spotting Airdrops Early!

While I would attribute some of the recent activity to the cryptocurrency market’s and investors’ anticipation for the approaching Ethereum Merge, there has been some buzzing around about test nets airdrops, which has had most interact with more protocols, bridges, and the like in order to be eligible for these drops, which are reportedly worth hundreds of dollars, not much maybe, but free money nonetheless.

If you can identify the proper airdrops early on and ignore the ones that are truly intended to drain your wallet or jeopardize your security, doing so will be quite beneficial. But first, a few pointers before I teach you how to find these gems early;

1. Always do your research,
2. Never use your main wallet to interact or claim airdrop,
3. Set aside a burner wallet just for airdrops.

Now that that is resolved, let’s review what airdrops are. They are essentially free cryptocurrency tokens that are dropped into our wallets, but there are different types, like the most recent Canto airdrop, which was a bounty airdrop. Bounty airdrops are the ones that require you to do some tasks, like using a protocol or bridge to swap, in order to be eligible. As an initial token distribution mechanism used by cryptocurrency startups, normal airdrops are issued at random and merely need you to enter your wallet address on a website. We also have holder airdrops, which require you to be holding or staking a certain token. Now let’s learn how to recognize airdrops as soon as they occur, before the general public does.

Personally, I utilize a variety of websites to conduct my token research, but ideally, if you are a diligent researcher, you could even locate airdrops before the websites I am about to mention do.

Tools:

1. DefiLlama; https://defillama.com/airdrops

This website may be used as a tool to speed your search for future token airdrops. It displays a list of tokens that may airdrop a portion of their supply to holders or users of their protocol or web app.

2. Airdrops.io; https://airdrops.io/

This is another website you can use to look for airdrops before they become widely known or before it is too late. This website provides more information on the airdrops, the prerequisites, and the potential time for the drop so you can get ready in advance and complete the tasks listed, if applicable. You should also add this website to your bookmarks.

3. 99 airdrops; https://99airdrops.com/

It wouldn’t hurt to add this site to your favorites as well because it typically announces forthcoming airdrops. I’m not sure whether they have ceased offering this service or if they have not just located more legitimate ones to report about. I utilized this during the last defi ‘szn’ bull run and got profitable updates.

4. Earnifi: https://earni.fi/

This website allows you to search across various chains for any unclaimed airdrops. It is a very useful tool because all you need to do is enter your wallet address, and it finds any airdrops you might be eligible for but were probably unaware of across multiple chains. It also allows you to sign up for airdrop updates, but the paid version is not worth it in my opinion because I would rather check for free money than pay to do so.

5. DeFi Airdrops:

This is different from the others, but it’s not entirely different. Follow this account on Twitter and enable post notifications because the account only shares airdrop updates if they somehow escape those websites stated before. This is listed last because, in my experience, when you learn about an airdrop on Twitter, you usually find out about it too late or almost too late. However, if you have done your research, this account can also help confirm your findings. You can also use it as your anchor when conducting research, whichever method works best for you.

In conclusion, being a competent researcher can help you identify prospective airdrops as new protocols are launched virtually every day. Read Decrypt, look at DefiLlama, and stay updated to discover probable airdrops. Continue reading, experiment with different protocols, and study their whitepapers. That’s how I occasionally discover airdrops. Because most of us don’t take the time to read their white papers, these projects usually include airdrops in their token distribution plans after launch. As a result, we lose out on the regular airdrops in place of the genesis airdrops, which may sometimes be worth lesser than the regular airdrops.

Thanks for Reading!