So i heard a lot about these terms but confused exactly what these mean. So basically if you own any btc or any altcoin, you could participate in these? So basically it requires very little money or does it require no money at all for something like this. I read about how ppl do certain things like post links on facebook and social media etc and then they get rewarded or something like that? So basically you could do this for income or side income?
I also heard how when people receive an airdrop or another term, they immediately sell it for btc. Can someone explain this process as basic as possible?
So if someone has free time or doing nothing, they could make money while on the computer with this? But how much money could one even expect to make if say they could do this 20 hours a week vs say 40 hours a week? The other thing i heard is if you do this, you could get scammed? How exactly you get scammed? They send you airdrop but its to your wallet and then your wallet get hacked?
You don't need to own anything to get started, just usually an ERC-20 based crypto wallet. Immediately selling airdrop or bounty rewards is not very positive for the project, but a lot of people do it anyway, because they are more than satisfied with the money they get from it and do not want to risk price dumping too hard in the future. Basically (when tokens are unlocked) you send them to appropriate exchange (where they are trading) and there you swap them (sell/buy) with ETH or BTC, which you then withdraw to same or different wallet. There are a lot of scammy projects out there, so beware. You get scammed by not getting your tokens if the projects runs away with investors' money (exit scam).