Airdrop hunting as been existing for long time ago, a lot of people make good amount of money from farming airdrop. When a project promise to do airdrop to the community, this make the project gain more popularity to go well in the space. For instance, let's take a look at $SEI few months ago, many user are actually running different task on the $SEI network, because airdrop was promise by the project team, but they fail to fulfill there promise, which lead to the downward of the project, before we see some upward movement in the past weeks.
Farming airdrop in the past years was very easier than now. Nowadays, user can spend $500 to $2k on farming airdrops and this doesn't guaranteed a reward from the project team. And you may also spend $100 as charges on airdrops and at the end the team may later distribute dust to community after wasting their time, effort and money.
Airdrop that will fetch good money sometimes don't stress people a lot. Such example is $JTO on the Solana network, most people actually stake less than 200$ and make above $5k.
We have many airdrop out there, but we just need to focus on the legit one. Now, how do we know some airdrop that can fetch us some good $$ if not much. This can be known through our research on this project.
1. Project social media
Make sure you follow projects on all their social media i.e twitter, discord, telegram etc. Participate in discussion on their various platforms to know the next move. Understand what the project want to solve in the crypto, if what they are trying to solve has not been existing by previous project, then it's a good move. In most cases, any project that has come to offer what some project as offered in the past, might not worth trying. The project twitter followers and whom they followed can help to determine the validity of the project as well. A project twitter having 2k followers but now following 3k people shouldn't be seen as a valid project. This is because such account might have been using for something else before.
2. Who is the owner of the project?
It also important to always check who the owner of the project is, go online and do research about the owner, look at people that follow or that follows them. The reputation of a project owner may go along way to help a project.
3. Partnership
Check if this project is partnering with any reputable individual or organization. A reputable organization won't just partner with any project because their name is at stake.
This are things we need to check out for before running any airdrop. Most of this project are just using us, collect our funds from us minting NFTs and all that.
NOTE: Remember nothing is guaranteed in this space, we just need to keep our head safe. Always DYOR, farm airdrop at your own risk and remember never to use your main wallet to hunt airdrop.
WAGMI