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In Crypto, there are lot of ways one could earn money within the ecosystem for free. Many people who might have picked interest in investing, trading in the crypto market, some don't have enough capital to push their aim and desire in investing good capitals. So what happens to them, you discover that they might give up on their quest for it.
However, you don't need to give up rather seek ways you can earn money from the system, by participating in different task to get enough capital to invest in your desired asset.
Now, you are going to be learning how to make passive income from grinding or pursuing airdrops but first you need to know what an airdrop is and how to get started.
WHAT IS AN AIRDROP?
Airdrop refers to the distribution of digital assets (coins) to the public or certain individuals either by virtue of holding that asset or by virtue of participating in a particular task given by the project team. Airdrops has nothing to do with ICOs. Airdrops is considered as free money for task well done.
Airdrops are often used as a marketing tool in order to raise awareness of the coin or token that is being developed by a certain project.
Now, take for instance. you own a local not digital company, this company you own happens to be a startup that is yet to be in the local market, there are certain things you would want to do in other to grow from that level of start-up. You and your team might decide to give out something's to create awareness about your product and its value to the market. Now this is the only way people might get to know you and your product better before investing into it.
This is the same thing that happens in the crypto space too. New projects or startup give out money in the form of coin or token as a way of creating awareness to people about their project. Most times some of this airdrops can be scam projects, so you that is grinding for airdrop just have to be very careful when doing it.
Airdrops are also given out to create huge number of holders in that particular project.
So this is what Airdrop in the crypto ecosystem is.
What to Do for Airdrops!
1. Where to get airdrops is at coinmarketcap.
2. Join twitter and follow some projects you are not holding. Most especially the ones you want to buy.
3. Follow me on twitter for possible airdrop news.
What Application Do I need to Have?
1. Trustwallet or metamask
2. Telegram
3. Discord
4. Twitter etc.
Where Do I Participate?
Apart from telegram bots that offer airdrops.
coinmarketcap has proven to be the best. so yea you can make passive income pursuing airdrops.
This is coinmarketcap. You can see some ongoing airdrop participation. Study the picture and then go visit coinmarketcap to start you journey of making passive income.
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