7 WAYS TO EARN FREE CRYPTOCURRENCY.
A detailed explanation on how to earn free $crypto.
The cryptocurrency market is evolving every day and one significant virtue of these decentralized digital financial system over the years is the unending mouth watering rewards it gives to a lot of people as in form of airdrops.
An airdrop is a marketing campaign strategy in cryptocurrency which involves the free distribution of a coin or token to several wallet addresses that meets a predetermined sets of criteria. This results into a larger user base and awareness for the new cryptocurrency.
There are a lot of ways to earn free cryptocurrency and in this post I’ll be explaining in details the 7 ways to earn free cryptocurrency or airdrops.
1. Social Campaign: This is the most popular and common crypto airdrop but it’s the least guaranteed, this involves users supporting & promoting a cryptocurrency project by following them & sharing contents about it on social media platforms like Twitter, Telegram, Reddit, Discord e.t.c. and also referring other people to do the same. Usually after a user have done these task, a form is required for them to fill to prove they actually did the campaign and a required wallet address will be asked to be submitted.
2. Learn & Earn: This forms of airdrop requires users to learn about a cryptocurrency project by watching dedicated videos that explains in details the overall scope of that cryptocurrency. After watching the video, a quiz is required for the users to take. upon the completion of the quiz, a corresponding wallet address or exchange ID is required to be submitted along. Learn and earn don’t usually give you much in $dollar value but it’s much more guaranteed. These can be found on coinmarketcap Learn & earn page, also on Coinbase. If you don’t have a CoinMarketCap account click here to signup for free.
3. Early adopters: Some cryptocurrency projects reward their early users who have contributed to the cryptocurrency in one way or another at it’s very infant stage. These set of contributions are determined by the developers of these projects and can be as simple as following and being active on their dedicated social media platform or discussion group to other activities such as buying/holding the cryptocurrency in a wallet or exchange or staking or even providing liquidity for a particular cryptocurrency pair. Most DeFi projects often rewards their early users especially Dexes & Cross Bridge protocols. This reward are usually huge and significant but there’s no way to predetermined a cryptocurrency that will reward its early adopters unless announced by the developers and usually a snapshot of early users would have been taken prior to these announcements.
4. Bounties: This is one of the most guaranteed ways to earn free cryptocurrency, bounties requires you to perform a specified task that will significantly help the cryptocurrency projects. This task often includes content creation like a video about the project and posting it on YouTube & social media platforms or writing articles or blog post about the project if you’re a writer, or promoting the cryptocurrency in your own unique way if you’re a social media influencer. Also, Graphics/UI designs of logo/banner about the project and bug hunting or open source coding for coders/developers are also significant and hence, you’re rewarded for your efforts. bounty0x.io is the go to go website to find them.
5. Testnet Reward: Most cryptocurrency projects especially DEFI, that offers direct user service like trading, swapping, lending/borrowing and providing liquidity often announced that users should come and test their platform on testnet and also report your observations to their admins or share it on their social media discussion group prior to the launch of their mainnet. This testing often allows the developers to evaluate the functionality and capacity of their project, this stress test is important to figure out any potential glitch before their mainnet goes live and hence users are rewarded free cryptocurrency by participating.
6. Play to Earn: There are dozens of decentralized blockchain based games that rewards their players with free cryptocurrency and players can even earn In-game items as NFTs that can be sold on their platform to other users or NFT marketplace like opensea, rarible and co for a good amount of money in cryptocurrency. The most common play to earn games include Axie Infinity (AXS), Decentaland (MANA), Sandbox (SAND), Star Atlas (ATLAS) e.t.c. And with the Metaverse craze going about, blockchain games are a big deal right now and is one of the fastest growing niche in cryptocurrency as most crypto assets native to some of these virtual gaming platforms have seen significant increase in price and market cap in the last few weeks and these increase is imminent and will surely continue for a long time.
7. Earning Websites: There are some cryptocurrency/bitcoin faucets that rewards users for performing simple tasks like reading articles, making comments, taking surveys, watching video ads and many more. The most popular bitcoin faucets is cointiply.com. Also, you can also earn free cryptocurrency by writing crypto contents and articles on websites like publish0x.com and you get reward based on readers & number of views or comments and you can also earn by making comments on other users post.
Final Thoughts:
Although earning free cryptocurrency is not all that easy as it requires your time or skills but they’re actually worth the efforts.
So never underestimate crypto airdrops because they can significantly enrich your financial status, as we have seen airdrops that rewards several users/participants with coins or tokens worth thousands of dollars at the time of distribution, most notably are Uniswap, 1 inch & Dydx airdrop and recently Thorswap Finance, a cross chain Dex on Thorchain rewards its early adopters 600 $Thor token to about 5000 wallet addresses. Each $Thor token is worth $2.1 at the time of distribution.
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