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What is Airdrop Farming? How To Earn Passive Crypto Income

Reading Time: 4 minutes Airdrop farming is when a cryptocurrency project delivers tokens to holders’ wallets. Airdrops are a form of marketing strategy that incentivizes holders to perform an action or hold on to their tokens. In return, the project delivers these tokens to the holders. Airdrop farming is a sound strategy with a clear goal and objective. That being to raise awareness for the project. Airdrop farming has several benefits in a highly competitive market where projects fight for market share. Let’s find out what airdrop farming is and how you can earn passive crypto income. So with all that said, let’s start. Key Takeaways What Are Crypto Airdrops? Blockchain startups rely on multiple marketing strategies to raise awareness for their projects. One of these strategies is airdrop farming. Airdrop farming is a popular strategy when the project is in the Initial Coin Offering stage – meaning the cryptocurrency has just been listed on exchanges. Cryptocurrency projects will share the airdrop on their social media profiles and website to promote the marketing activity. A successful airdrop campaign is when the project manages to increase the number of token holders. In return, holders get rewarded with free tokens. How To Qualify For a Crypto Airdrop? We mentioned that holders must perform certain actions to be eligible for airdropped tokens. This could mean participating in an event, signing up for a newsletter, posting about the cryptocurrency project on your social media, and more. In most cases, airdrop campaigns require holders to hold a minimum quantity of cryptocurrency. In return, they are given free tokens. What Types of Airdrop Farming Projects Exist? Several types of airdrops exist in the cryptocurrency space. These are but are not limited to: A standard cryptocurrency airdrop is when holders receive the tokens by simply expressing interest in the project. Many standard airdrop campaigns require the holder to provide their token address only. A standard airdrop campaign has limited amounts of tokens available, and there’s a limit to how many tokens holders can receive.   A bounty airdrop campaign requires the user to perform a specific task. This could be raising awareness for the project, sharing the project on social media, or recruiting others.  If the campaign asks holders to recruit others with a referral link, the holder receives a finder’s fee for every new user that signs up through their referral link. Holder airdrops are the most common form of airdrops. These airdrops occur when the cryptocurrency project rewards users for holding the cryptocurrency in their wallets.  This form of crypto airdropping works based on how many tokens the user holds. Even if token holders don’t want the airdropped tokens, they can do nothing about it, as the cryptocurrency project will send the tokens to every holder’s address.  An exclusive airdrop is a specific type of cryptocurrency airdrop. This form of airdrop rewards holders not necessarily for holding large amounts of the cryptocurrency’s token but for other activities. Exclusive airdrops reward users who invest time into the project, such as raising awareness, posting on forums, referring others users to the projects, etc. In some cases, users with zero tokens in their addresses might receive the airdrop. How to Farm Airdrops? Now that we’ve explained the basics of cryptocurrency airdrop farming, let’s see what it takes to farm airdrops. Moreover, is it possible to earn passive crypto income with airdrop farming? The short answer to this question is yes, as all it takes to be eligible for airdrops is to do what the crypto project asks. You can farm airdrops by simply owning the cryptocurrency. But in most cases, you need to own a blockchain-based cryptocurrency – Bitcoin, Ethereum, Cardano, Polkafot, EOS, etc.  Since other cryptocurrency projects operate on these blockchains, you will be rewarded by simply owning the base cryptocurrencies. But by far, the best way to farm airdrops is to look for airdrops actively.  You don’t need to look far as you have all the information you need by visiting Airdrops.io. This website gives you information on the latest and hottest airdrops. In addition, you can see the requirements for each airdrop.  Another popular way to find information on upcoming airdrops is to join cryptocurrency Discord servers. In addition, Twitter is an excellent space for airdrop farming rumors as it has a well-developed cryptocurrency community. Finally, you can look for airdrop rumors on this Google Spreadsheet.  By applying these methods, you are one step closer to successfully farming cryptocurrency airdrops.  Conclusion Airdrop farming is a clever way to increase your token holdings for specific cryptocurrencies. The goal of airdrop farming is for projects to raise awareness for their coin and for holders to receive something for free. Therefore, it’s a win-win situation for both parties.   But is airdrop farming a viable method to earn passive crypto income? The answer is yes. However, not every airdrop is worth participating in. Some airdrops are worthless because the base cryptocurrency is worthless. So it makes no sense to invest your money into a worthless project. We will always mention doing your own research before investing in anything, especially cryptocurrencies. It’s not uncommon for crypto scammers to use airdrops to acquire your email and potentially your private keys.

Is Social Earn Legit? An Honest Review

Reading Time: 5 minutes Social Earn, or socialearn, is a platform that promises its users many opportunities to make cash online. It claims you can profit by answering surveys, installing apps, and playing games. You even get $10 for each friend you invite! Sound great, right? Sadly, Social Earn runs an extremely common scam format that you should be familiar with. Interestingly, many Social Earn reviews fail to mention this particularly interesting aspect. The most important thing about Social Earn reviews is that many claim the exact opposite. You will not see outrageous claims on their website, and you will find a set of mixed reviews that would leave users wondering whether Social Earn is a scam or a trustworthy website. The question, then, is what makes Social Earn a scam? Social Earn or Social (L)earn If anything, you should look at Social Earn as a learning opportunity. Why? Because it is, admittedly, a decent attempt at a familiar scam. As a user, if you realize that something about Social Earn seems odd, you should be capable of seeing through most scams out there. Instead of telling users that they will earn mind-boggling sums of money just by clicking here and there, Social Earn takes a milder but more effective approach to lure in potential users. It simply asks for a username, an email, and a password. Additionally, if you have a referral code, you can enter it, and the friend who invited you instantly earns $10. Regarding tasks, the platform claims to pay $3+ for surveys and $2 for referral link clicks. Direct referrals earn the user $10, and all users are given $25 on signup. For all other tasks, payment rates vary, which means downloading games, testing apps, and many similar activities are valued differently. As much as it is starting to look like a pyramid scheme, most would say it cannot be one. Although it does not fit the definition, Social Earn is a pyramid scheme at heart. Here is how you, as a potential user, should set up criteria when judging these platforms. Social Earn or Social Burn? A simple search would immediately tell you that the platform came out of nowhere. There was never a clear intention behind it, no articles mentioning the platform during its development, and there was never a Social Learn beta. It just popped up one day and was immediately functional and allegedly successful. Now, it is not like there have never been incredible startups that seemingly came out of the blue. Yet, there is always a noticeable trail behind every one of these startups. If you look hard enough, you can find traces of their inception, development, and success. All these stages are often clearly linked and there for anyone to find. Despite all this, Social Earn just came to be. Nothing more, nothing less. Weird, right? Given its history or lack thereof, any person who has looked into it would ask: is Social Earn legit? So to answer if Social Earn is legit, no, it is not. But it has made clear attempts to hide its illegitimacy. If you were to look up similar platforms, you would find scores of negative reviews. Social Earn, on the other hand, has a mixed record. Is this because it works for some and not for others? Social Earn Reviews – What Do They Say? Actually, Social Earn works only for the people who own it. If you were to go through third-party socialearn reviews, especially on question-and-answer sites such as Quora, you would find users complaining about and praising the platform. As a result, a less experienced person would be interested to find out more about it. More importantly, the same user is less likely to immediately dismiss it as a scam. Instead of betting on a lack of knowledge, Social Earn has placed a more careful bet. Whoever is behind the platform is aware of the fact that people are not as easy to trick as they were some years ago. Instead of adding fake positive reviews to their website, the Socialearn team has decided to target forums, message boards, question-and-answer sites, and almost any place their platform has been mentioned. By doing this, Social Earn’s team has tried to bypass credible public opinion – a very useful tool for rooting out superficial scams. But that is not all. The Price Similar scam platforms, like the social earn scam, promise their users a lot of money. How much? Sometimes, these platforms claim that their users can earn as much as $20 for downloading a single game. Absurd, right? But what if a platform told you that you could earn $3 for a survey? Well, you would probably think that it is a good deal. But is it really a good deal? It would be if it were true. Social Earn’s second bet is on unfamiliarity. People know that $10 is too much for a survey, but what about $5, or $3? As survey price often depends on difficulty and length, for this price, you should expect a specialized survey. Specialized surveys, however, are not given to just anyone. They target a specific part of the population that will be able to answer them. It would take a great deal of effort for platforms like Social Earn to filter their users and offer them tailored surveys. In short, the site must be credible beyond the shadow of a doubt and would likely be certified if it could carry out such tasks. Final Words Finally, is Social Earn legit? Simply put, Social Earn is a careful attempt at a common scam that is guaranteed to fool some users. It will waste your time, and if you fall for it, it will use you as a tool to waste other people’s time. This reorganized pyramid scheme depends on you completing tasks with the hope of earning some money on the side. After you have accumulated earnings and completed a myriad of tasks, your payout will be indefinitely