Airdrop and retroactive are one of the best methods to make money during the market’s downtrend period, and participating in IDO is the fastest way to change positions during the uptrend period. However, many new entrants to the market do not succeed. Using support tools often leads to missing out on huge opportunities. Therefore, Weakhand will bring everyone 5 tools to support airdrop, retroactive and IDO in the most effective way.
Some other related articles that a newcomer to the market will need:
- 5 Crypto Portfolio Management Tools
- 5 Best On-chain Crypto Tools
- 20 Essential Crypto Websites for Beginners
Overview of Airdrop, Retroactive and IDO
What is Airdrop, retroactive?
Airdrop, retroactive is a form that projects in the Crypto market often use to reward all users who use the product early for many purposes such as gratitude, thanks for companionship or decentralization. protocolization. This is also considered one of the best marketing methods between users and projects when both parties benefit.
Airdrops and retroactives often have very diverse allocations depending on the financial situation and specific strategy of each project. Although there are projects that only airdrop to users a very small amount, there are also special cases that can airdrop up to thousands of dollars to users with some typical names being Arbitrum, Aptos, Optimism,…
What is IDO?
IDO stands for Initial DEX Offering, which is a form of token issuance by DeFi projects through a DEX platform. The main purpose of IDO is similar to airdrop and retroactive when it comes to issuing tokens to the community, the main difference is that instead of releasing for free, IDO projects will sell to the community at a cheap price.
This is also one of the sources of money flowing into a blockchain ecosystem when there are very quality IDO projects with ROI hundreds of times higher than the selling price. Those who win these IDO buyouts can also change their position overnight.
5 Tools to Support Airdrop, Retroactive, IDO
Galxe
Galxe is a network that authenticates information and data on both Web3 and Web2. Project developers can take advantage of Galxe to provide NFT certificates, reward points, etc. for users’ Participate in any mission or event.
There have been many different projects using Galxe to bring users huge airdrops and IDOs:
- Space ID: Airdrop through OAT and NFT in season 1 and through points in season 2.
- Hashflow: Airdrop via NFT on Galxe up to hundreds of thousands of dollars.
- A lot of projects use NFTs on Galxe as a ticket to participate in their IDO rounds.
- There are also many other projects using Galxe to run direct airdrop campaigns with USDT, USDC,…
Currently, in addition to basic blockchains such as Ethereum, BNB Chain, Solana,…, Galxe is also constantly updating and supporting new platforms such as zkSync, Base, Linea, so this is a great opportunity when we have You can both hunt for airdrops and IDO small projects in the ecosystem and get more transactions and airdrop opportunities from these new chains.
Gitcoin
Gitcoin is an open source platform that helps projects receive funding from the community through Gitcoin Grant Rounds. Users who participate in project funding during these rounds can also receive an airdrop reward in tokens after TGE.
Another very special case is Optimism when this Layer2 project added an airdrop criterion for those who have donated on Gitcoin. The purpose for setting this criterion is probably to attract users from Gitcoin to Optimism.
Another problem that is also very painful in organizing airdrops, retroactions or IDOs of projects is being attacked by sybil. Gitcoin has partly solved that problem by launching Gitcoin Passport, projects can use this platform to select real users and give them early access to tokens.
To learn and register for a Gitcoin Passport, everyone can refer to the article Gitcoin Passport Is Something That Airdrop Farmers Cannot Do Without.
Snapshots
Snapshot is a DAO voting platform that allows DeFi protocols and the NFT community to create proposals and then vote on them completely free of charge. The project solved a problem for previous DAOs by creating a simple and cost-effective voting process, especially gas fees.
Projects that tend towards strong decentralization of the community may be able to rely on the amount of voting participation on other DAOs as a criterion for common token access. via airdrop, retroactive, IDO. The name mentioned in this article is Optimism, which also had airdrop criteria for those participating in governance on large DAOs.
One of the criteria rumored by the community for LayerZero’s airdrop is participation in StarGate Finance’s DAO administration. To learn more, everyone can refer to the article Instructions for Hunting Retroactive LayerZero.
Zealy
Zealy is a platform that helps drive growth and engagement for Web3 communities by turning their members into contributors. Communities can easily rate and rate their members through Zealy with ease.
The campaigns that Zealy creates are often planned over a long period of time, thereby making the most reasonable distribution of tokens or NFTs through airdrops or IDOs when those who are truly active will receive a share. bigger reward.
guild.xyz
Guild.xyz is a service that allows communities or projects in DeFi to create and manage groups based on NFTs, tokens, etc. Communities can use Guild.xyz to control access from members to their groups, such as requiring users to own a specific NFT, have a certain number of tokens, or follow certain social media channels, etc.
To accomplish the above, Guild.xyz has created a chat bot in Discord with a simple design that makes it easy for anyone to access. Projects can also rely on each person’s achievements on this platform provided by the chat bot, thereby providing appropriate airdrop, retroactive, and IDO criteria.
One of the most typical examples is Arbitrum. Anyone who participates and fulfills more than 20 goals set by the project will receive a large airdrop from the project.
Summary
Above are 5 tools to support airdrop, retroactive and IDO most effectively compiled by Weakhand. Hopefully through this article, people will find the right tools to not miss the opportunity to change their position in the future.
