How to select high-quality Airdrop projects early to receive significant rewards?
When starting to explore Retroactive & Airdrop, many people rely on “call” groups or seek guidance to participate in projects. But how can you find and filter out high-quality Airdrop projects early on? What are the methods for searching and selecting good Airdrop projects to experience and increase the chances of receiving rewards in the future?
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Below are some evaluation criteria you can refer to:
Criteria for selecting potential projects:
Protocol without a token A protocol that does not require the use of its own token for operations or does not have a listed token for project governance is the most important factor and will affect future rewards. Projects that already have a governance token often face issues with token price manipulation and control over the distribution of tokens in the market, making it difficult to generate significant profits.
No information about Airdrop Projects that do not publicly disclose information about Airdrops for the community often do not want to share rewards with users. Usually, when a project chooses not to have an Airdrop, they can easily manipulate the price to seek profits after token listing.
For example, Paraswap initially claimed to have no Airdrop plans to eliminate those who are only interested in receiving Airdrops. However, on a beautiful day on November 15, they unexpectedly announced an Airdrop. Each user could receive between $5,000 to $15,000, and this reward was considered for deserving participants!
However, recently, Sui Network sparked outrage in the community when they fulfilled their promise of “No Airdrop” and instead conducted an IDO sale for the community.
Massive fundraising Projects that successfully raise large funds through fundraising rounds are often supported by large investors and benefit from the reputation of these investment funds. This helps attract FOMO (Fear Of Missing Out) from the community and generates revenue for the project by attracting new investors.
Not only that, when a project succeeds in raising significant funds, the project’s valuation also increases, resulting in larger rewards for users.
In the past, Aptos was a typical example of attracting large funds from investment funds while also organizing an elaborate Airdrop for users. Each valid wallet address received between $1,500 and $4,000 to experience the project.
Total Value Lock (TVL) It is advisable to prioritize experiences when the TVL of a protocol is still low in the early stages (although this stage also comes with risks). As the TVL of the protocol gradually increases over time, participants can achieve the OG criteria of the project and receive corresponding bonuses.
Project team The members of the project development team who have experience and played important roles in past successful projects can bring significant benefits to the current project. These members often bring in-depth knowledge of the field and have the ability to manage the project appropriately and flexibly when facing adverse situations.
Criteria for specific areas:
Layer 2 There are three important criteria that allow you to become a valid user to receive Airdrops from Layer 2 projects: “Volume,” “Transaction Count,” and “Contract Deployment.”
AMM DEX To have the opportunity to receive significant Airdrops from Decentralized Exchanges (DEXs), becoming a liquidity provider for Liquidity Pools (LPs) on the protocol for a certain period is an important criterion.
Perpetual/Derivatives DEX There are two important criteria to determine the amount of Airdrop tokens you can receive from decentralized exchanges: “Trading Volume” and “Liquidity Provision (LP)” for the protocol.
Cross-chain Bridge There are two important criteria to determine the amount of Airdrop tokens you can receive from decentralized exchanges: “Trading Volume” and “Transaction Count” on the protocol.
Liquid Staking There are two essential criteria for projects in the Liquidity Staking and Decentralized Finance (LSD/LSTFi) field: “Staking Token” and “Liquidity Provision (LP)” for the protocol.
In summary, we have shared how to select high-quality Airdrop projects early to increase rewards. We hope this will help you search for and choose good Airdrop projects to experience and enhance the chances of receiving rewards in the future.
