Crypto has changed the lives of many, it has changed the way the world finance,
and currently bitcoin which is the first crypto is on its way to become the world most valuable asset.
but how did it all start? And how did it now get to the point of having millions of people farming airdrops? the likes of hamster memefi and others that was being farmed by millions of people.
In this article, I’ll give you a quick history of crypto and how we got into what we now call airdrop farming. Let’s dive in!
It all began in 2009 when Bitcoin was created by the mysterious Satoshi Nakamoto —- and his goal was?
To decentralize money and give people financial freedom.
Bitcoin laid the foundation for blockchain technology, at first it was rejected but now its being rushed by nations.
Fast forward to 2015, Ethereum came onto the scene with something beautiful: smart contracts, and this was what bitcoin could not do.
you couldn’t build applications on bitcoin chain it was just for transactions. but etheruem which was founded by Vitalik – atleast we know who built this one lol
allowed developers to create decentralized applications, or dApps like we call it
and this opened the door for new ways to use crypto beyond just payments.”
In 2017, we saw the ICO season — ICO meaning Initial Coin Offerings.
Projects raised millions by selling tokens to investors before launch.
and By 2020, decentralized finance (DeFi) took over, letting people earn and transact without banks. At the same time, The NFTs season — ownership of digital art and assets.
These innovations paved the way for something new: which was Airdrops
One of the most famous airdrops in the crypto industry in 2020 was Uniswap. They surprised early users of their platform by giving them 400 UNI tokens that was worth thousands of dollars at the time. though airdrops didn’t start with Uniswap. Projects like Stellar XLM and OmiseGO were rewarding users years earlier.
and Before we go further on airdrops, let’s talk about some other ways people also make money in crypto.
First, there’s trading. Buying low and selling high — this can be profitable, but it requires market knowledge and timing.
we have staking, yield farming. when you deposit your tokens to a platform you help them secure their network as the network will now have enough liquidity for its transactions. in return you get some % profits depends on what the protocol says.
There’s also Mining, P2E play to earn where you get rewards for playing games – axie infinity did very well back then.
And Finally, airdrops.
you make money in airdrops By participating in new projects, joining testnets, or completing simple tasks, you get earn free tokens and sell when they launch on the mainnet.
Airdrops was one of the easiest ways to make money in crypto but now the tasks are becoming harder and its getting saturated.
so In the next series of video I will post, I will be discussing, how to get in on airdrops, the tools you will need and along the way — show you how to solve the problems you could encounter based on my experience
so make sure to follow my accounts, subscribe to our channel and turn on notifications — to be able to receive updates as fast as possible.
VIDEO: https://youtu.be/Z3TPM4nwk4s
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