As the cryptocurrency industry continues to grow, it has become increasingly easy to make money either through investing, trading (speculating), mining, or engaging in earning/learning and Airdrop programs—the focus of this article.
How Earn-to-Learn Works
Many crypto platforms, including two of the biggest cryptocurrency companies, CoinMarketCap and Coinbase, offer earn-to-learn education services where participants get paid to partake in short crypto-based courses.
- Partaking in this program involves three easy steps:
- Watch a few short videos
- Take a quick quiz
- Earn crypto
It is that simple!
Understanding Crypto Airdrop
Meanwhile, Airdrop Chasing is another quick and easy way to earn rewards from the crypto industry. Most times, project developers airdrop tokens (give out free coins) to interested parties who participate in a few simple tasks to generate buzz for a new project.
- Some tasks required by these projects include:
- Following their social media channels
- Sharing posts on social media
- Signing up on their platform
- Completing a form about the project
- Downloading their app
Because participants of airdrops come on board at an early stage of a project, the profit potentials are extraordinary. Many crypto enthusiasts have become overnight millionaires from participating in simple airdrops.
After airdropped projects hit exchanges, holders can decide to trade or swap the earned tokens.
Commenting on the benefits of airdrops, Chair of CoinDesk, Michael Casey, argued that it is essential to aggressively market a token if it is to succeed, adding that: “A currency is nothing if it is not widely used. And that can’t be achieved unless people make some cost-incurring effort to encourage widespread usage.”
Nonetheless, interested parties need to ensure they are not getting scammed, as airdropping has become a popular scamming tool in the crypto space. Some airdrop owners artificially inflate the value of their programs and dump them to make quick profits, leaving participants with close to worthless tokens.
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