Most projects start with airdrops which is a way for the project to market themselves and get the word out regarding their project before they launch. Airdrops give users free crypto of their project in hopes that the recipient helps market their project.
How to Get Free Cryptocurrency Through Airdrops
In order to receive these free airdrops, recipients are usually required to market the project as well, which works in favor of the project. Not all airdrops, however, are effective. Sometimes, despite receiving millions of new tokens, the token fails to appreciate value; thus, the tokens are useless.
For those who want to receive free cryptocurrency, however, should these tokens appreciate, recipients would be able to make a free profit out of sometimes paying for the gas fees of these airdrops and that little extra time spent promoting the crypto project. This, however, is not guaranteed, and hodlers should still be cautious as to whether or not the project is legitimate.
Make Sure to Protect Your Main Crypto Wallet
Before accepting the airdrop, experts suggest making a separate account in the crypto wallet being used like Metamask. Make an "Account 2" and rename it to whatever to separate it from the main account. This way, should a breach happen, the main funds will not be compromised. As of the moment, these coins might not yet be available on CoinGecko to research.
Top Projects with Potential Airdrops
1. Sencha
2. Atrix
3. Apricot
4. Rubicon
5. Tinyman
6. Cashio.app
7. FujiDAO
8. Goldfinch
9. Hop
10. Meta Pool
11. DDEX
12. DeFi Saver
13. Sherlock
14. Charm
15. Terra Swap
16. Clipper
17. Volmex.finance
18. Saddle
19. Paladin
20. Robo Vault
21. Opyn
22. Sablier
23. Empire Dex
24. ZigZag
25. Set
26. Francium
27. Ola
28. TTSwap
29. Pods
30. Multi-Chain Miner
31. Brahma
32. Polymarket
33. SenpaiSwap
34. Trisolaris
35. Universe Finance
36. Kuu
27. Cozy
28. Qilin
29. Ondo
30. Primitive
31. Meanfinance
32. Newland
33. BNBMiner.finance
34. Shell Protocol
35. Jet
36. TE SR
37. SuperFluid
38. aSOL
39. SOLO.TOP
40. Fractional
41. DeversiFi
42. ElementFi
43. HeliosPrime.eth
If you missed other recent Airdrops, take a look at these projects. pic.twitter.com/YMqXdO5fGR
— Coin98 Analytics (@Coin98Analytics) November 16, 2021
Check Legitimacy of the Project
It is important to DYOR or do-your-own-research before accepting any of these particular airdrops. Before linking a crypto wallet to the website, it is important first to verify if the website is legitimate or not. The projects were tweeted out by Coin98Analystics.
One simple way to know if a website is legitimate or not is to check out whether or not it has at least an SSL. Of course, this is not the only way to check out if the project is legit or not. Checking out the source could be recommended, but this can be quite technical for some people.
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DYOR and Check the Whitepaper
Another way to find out whether or not a project is legitimate is to ask around and get the opinion of experts. It also helps to read the whitepaper and learn more about the developers behind the project.
If the developers of the project remain unknown, this could be a red flag for the whole project itself. Make sure to read and understand the tokenomics to see if it is built for profit or contains the means for sustainability.
This article is owned by Tech Times
Written by Urian B.
