Introduction
In 2024, cryptocurrency airdrops have become a lucrative opportunity for individuals to earn money. One such example is a 17-year-old who made over $200,000 with the GTO airdrop. Airdrops are an excellent way to start making money in crypto with minimal investment. In this article, we will explore the top strategy for earning passive income through crypto airdrops in 2024 and how the playbook has changed. We will also discuss specific projects to watch out for and how to execute this strategy step-by-step.
The Old Way vs. The New Way
Traditionally, individuals would fund a wallet with tokens and make numerous transactions to increase their chances of receiving airdrops. However, this method has shifted towards staking. Staking involves holding cryptocurrency and parking it in an app or chain. By doing so, different apps on the ecosystem will airdrop tokens to stakers. This shift is motivated by the need to reduce bot activity and ensure a fair token launch. While staking requires holding cryptocurrency, it offers a passive income opportunity without the need for constant transactions.
The Top Strategy for Passive Income with Crypto Airdrops in 2024
To earn passive income through crypto airdrops in 2024, it is essential to focus on staking. By staking your tokens, you increase your chances of receiving airdrops. Let’s explore some specific projects and how you can qualify for airdrops using this strategy.
Project 1: Cosmos Hub and the ATOM Token
Cosmos is a protocol designed to build the internet of blockchains. It allows users to create their own blockchains or app chains without starting from scratch. The Cosmos Hub connects projects that use Cosmos, making them interoperable. The ATOM token is the native staking token of the Cosmos Hub. Many ATOM stakers have recently received airdrops. By staking your ATOM tokens, you can potentially qualify for future airdrops within the Cosmos ecosystem. The Kepler wallet is a recommended tool for staking ATOM tokens.
Project 2: Celestia and the TIA Token
Celestia is a protocol for creating modular blockchains, enabling the combination of different blockchains to form “super chains.” The TIA token is the native staking token of the Celestia network. Similar to the Cosmos ecosystem, staking TIA tokens can qualify you for airdrops within the Celestia network and potentially future projects connected to it. The Milky Way app is a recommended tool for staking TIA tokens.
Project 3: iGen Layer
iGen Layer is pioneering a concept called “reaking,” which allows individuals to utilize their cryptocurrency and compute resources for different purposes. Rather than solely securing one blockchain, reaking enables users to secure multiple blockchains. By participating in iGen Layer’s reaking, you can earn passive income through airdrops. This innovative approach maximizes the utility of your cryptocurrency and compute resources.
Conclusion
Crypto airdrops present an exciting opportunity to earn passive income in 2024. By embracing the strategy of staking and participating in specific projects like Cosmos Hub, Celestia, and iGen Layer, individuals can increase their chances of receiving airdrops. However, it is crucial to remember that holding cryptocurrency and using these platforms come with risks. It is essential to exercise caution and only use funds that you can afford to lose. While airdrops can be a profitable venture, becoming a blockchain master by developing technical skills remains the best way to make life-changing money in the crypto space.