The Best Practices for Securing the Next 5-Figure Airdrop

CryptoExplorer Author

Posted On Mar 31, 2023 |

The recent Arbitrum airdrop saw numerous users securing 5-figure rewards by actively engaging with the ecosystem.

The bear market presents not only an excellent opportunity to dollar-cost average (DCA) your investments, but also a chance to reap significant benefits from future airdrops. 

By staying active and engaged within the crypto ecosystem during these periods, you can position yourself for maximum rewards when new projects distribute their tokens.

As several other projects with high potential for similar distributions emerge, it's crucial not to miss out on these lucrative opportunities. 

In this article, we'll share the best practices to maximize your chances of receiving allocations in upcoming airdrops.

Securing an Airdrop

It's crucial to learn from previous experiences and maximize your allocations in upcoming airdrops.

1. Maintain Active Participation Over Time: Both $OP and $ARB airdrops have demonstrated that consistent activity over an extended period is an essential criterion. For example, Optimism required activity during four different weeks, while Arbitrum demanded activity over a period of two to nine months.
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2. Engage with Multiple Protocols: Using numerous protocols not only increases your eligibility for various airdrops but also demonstrates your curiosity and active engagement on-chain. By utilizing more than 100 smart contracts, you can accumulate points that contribute to your airdrop allocation.
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3. Retain Funds in Your Wallet: Major projects tend to exclude users with empty wallets. Both Arbitrum and Paraswap have followed this approach. If you have multiple wallets, ensure that each one contains funds.
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4. Execute Large Trades: Trading volume often plays a critical role in DEX airdrops, as seen with DYDX, Arbitrum, Paraswap, and others. When possible, execute swaps with larger amounts, but be mindful of potential slippage.
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5. Use Official Bridges: For L1/L2 airdrops, consider using the official bridge at least once. Both Arbitrum and Optimism have used this as an eligibility criterion, so using the official ZkSync bridge may prove beneficial.
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6. Participate in DAO Voting: Voting in DAOs demonstrates your involvement in protocol governance. It wouldn't be surprising if this criterion is used again in the future, as Optimism has already employed it.
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7. Focus on Select Airdrops: Instead of chasing every potential airdrop, concentrate on a few significant ones and create multiple wallets if possible. This strategy has helped some users secure six-figure allocations of $OP or $ARB.
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Conclusion

By following these best practices, you can optimize your chances of securing the most substantial allocations in upcoming airdrops. Stay active, diversify your engagement, and maintain a strategic focus to maximize your rewards in the ever-evolving world of crypto airdrops.

If you have any doubts, feel free to reach us on Discord! 

Categories: Simply Explained