Your Complete Guide to Web3 Airdrops: How to Get Free Crypto？

1. Standard Airdrops
2. This is the most basic type. A project sets a simple barrier to entry, such as following their official social media accounts or joining their Discord or Telegram community. They then distribute a small amount of tokens to all eligible users. The rewards are typically modest, but the low barrier to entry makes them great for beginners.
3. Holder Airdrops
4. As the name suggests, these airdrops are for users who hold a specific cryptocurrency or NFT. The project usually takes a snapshot at a specific block height, recording all wallet addresses that hold the designated asset, and then airdrops new tokens to them proportionally. This is an effective way to reward loyal users and build a core community.
5. Task-based Airdrops
6. To qualify for these, participants must complete certain tasks, like retweeting, liking, and commenting on a project's posts on Twitter, or inviting new users to the community. Task-based airdrops are designed to expand a project's reach and visibility through community efforts.
7. Retroactive Airdrops
8. This is the most anticipated and often most lucrative type. Projects retroactively reward users for their past contributions. This can include:On-chain interactions: Interacting with the project's smart contract on a testnet or mainnet.
   Trading volume: Making trades on the project's decentralized exchange (DEX) with a certain volume.
   Providing liquidity: Adding funds to the project's liquidity pools.
   Using specific features: Participating in lending, staking, or governance voting.
   These airdrops are designed to reward "genuine" users who have truly contributed to the project's ecosystem, which is why their value is often so high.

• Decentralized Token Distribution: They prevent most of the tokens from being concentrated in the hands of a few team members or early investors. By airdropping to thousands of community members, a project can achieve true decentralization.
• Bootstrapping Effect: An airdrop can quickly attract a large user base, bringing the first wave of users and liquidity to a product or protocol. For example, a DEX project can use an airdrop to incentivize users to provide liquidity, jumpstarting its trading activity.
• Effective Marketing and Exposure: Web3 airdrops have a powerful viral effect. Rumors and information about an airdrop spread rapidly on social media, generating massive free traffic and attention for the project.
• Filtering for High-Quality Users: Retroactive airdrops, in particular, can filter for users who are genuinely interested in and willing to deeply engage with the project, rather than just "farmers" looking for a quick payout.

To become a successful "airdrop hunter," you need a solid strategy.