AirDrop and Whitelist - Questions and Answers

4 years ago 0

Whitelist and AirDrop of cryptocurrencies: what is it and how to participate?

November 22, 2021

Closed Traders Club & Denys

Here we examine in detail all the issues related to participation in cryptocurrency Airdrops and talk about filling out the Whitelist. What are cryptocurrency Airdrops and Whitelists, and how to participate in them?

1.What are airdrops and whitelists?

Airdropis the distribution of tokens (cryptocurrencies) for completing various tasks.

Whitelist- this is a list of people allowed to sell (purchase) coins at an early stage of development of a particular project. This list includes random people who have completed tasks.

How can you make money here?

Cryptocurrencies — совершенно новый рынок, который небольшими шагами выходит в массы. Создаются тысячи различных криптопроектов: бОльшая часть — для извлечения выгоды из них, но среди всех можно найти и истинных криптоэнтузиастов, которые искренне верят в свои проекты и в то, что они способны изменить мир. И для этих, и для других так или иначе нужна огласка — без поддержки криптосообщества и в целом людей, проектам сложно набрать обороты, поэтому создаются различные social campaigns, the purpose of which is to maximize the dissemination of information about certain projects. There are a huge variety of social tasks, but in this case we will talk specifically aboutairdrop(airdrop) andwhitelists(whitelist).

How Airdrop and Whitelist work

The operating scheme for Airdrop and Whitelist is almost the same “You give me, I give you”: Airdrop exchange scheme: A person gives social resources (likes, subscriptions, retweets) = The project gives away its coins. Exchange scheme in whitelists: A person gives social resources (likes, subscriptions, retweets) = The project gives the opportunity to buy coins at a low price.

Why is it worth doing this?

Both options, airdrop and whitelists, are one of the easiest options for obtaining tokens at a reduced price. Which, accordingly, more guarantees the chance of receiving income when tokens grow.

What are airdrops?

Airdrops (airdrop)— distribution (not sale!) of tokens for completing certain tasks. Let's say.there is a project, they announced the distribution of their tokens for subscribing to their telegram channels. You subscribed, entered your wallet address and after 10 days you received 10 tokens, but you cannot sell them, since this token is not yet sold anywhere. Let's say 10 days have passed and the token is listed on exchange BINANCE, You have successfully added your coins to the balance of the exchange and sold them on the exchange at a price of $20. You earned $200 for subscribing to the telegram channel of the project, which was carried out by Airdrop. It sounds very fabulous: 200 bucks for a subscription. But this is just a small example; there have been and will be much more profitable airdrops!

What are whitelists?

Whitelist(Whitelist) is a certain list whose participants have the right to buy project tokens at a low price and sell them at the time of listing. The profit comes from the difference between the purchase price onI.D.O.and the selling price on the stock exchange.

How does the whole process of participating in whitelists work:

Suppose today some project has opened a whitelist with the following conditions: subscribe to their Twitter, telegram and retweet. 10000people completed tasks to get on the whitelist. Tomorrow we will randomly choose from these10000people in total100and added them to the whitelist. The day after tomorrow, only these 100 people can buy the token, and no one else! Only them. Let’s say they were sold tokens for $1. And on the listing, the token sale participants already sold these tokens for $10 on the exchange. Profit -9 bucks from one token.

What do you need to start in Airdrops and Whitelist?

Since everything is tied to social activity, we will need:
Twitter account (register your number)
Telegram account (register to your number)
Mail (we register to your number, I recommend gmail, as it is more trustworthy)
Discord account (not always necessary)
Instagram (not always necessary)
BSC or ERC20 wallet

6 points from those presented above are enough to get started, the rest are social. You will add networks yourself as needed!

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