I’m pretty much a novice, so should I look into specific airdrop platforms or research what they are exactly?
Don’t bother farming airdrops; you’re likely to get scammed or lose money. Farming isn’t really free; there’s a cost involved.
You won’t find a way into this side hustle without some expenses. Just let that thought go. Your friends might be wrong; crypto isn’t just like gambling; it is gambling. Take it from someone who has been involved since 2011.
@Nari
Yeah, I do as well. A big part of my income in 2023 came from airdrops, particularly in Q4. I put in a lot of effort throughout 2023 and made solid profits with Celestia and Solana’s DeFi. I’m shifting focus back to trading coins now, while still farming just not as aggressively. Recently, I secured 3400 $TNSR and around 5300 $W, with Parcl and Kamino right behind. I’ve also been farming zkSync, Skroll, and LayerZero for about 16 months now, and I hope they’re not botched. I’m still restaked in EigenLayer since June, and I think this drop may be my biggest so far. Right now, I’m also farming several projects including MarginFi, Elixir, Ambient, Mode, deBridge, Berachain, Kelp, Orbiter, Renzo, Zircuit, Ekubo, and a few others. I’d have to check my records to keep track, lol.
However, nothing here comes at zero cost. You’ll need to pay fees, and hope your returns cover them. The airdrop scene is getting overcrowded, and payouts are shrinking due to over-participation and big investors jumping in. That’s why I’ve been turning my focus back to trading coins.
My main point was that you don’t have enough background in crypto to be chasing easy money with airdrops. Can you even imagine navigating those waters without adequate knowledge? I truly believe you’re on a path to losing money no matter what you try, but I wanted to keep it real with you.