MAKE MONEY FROM AIRDROPS AND BOUNTIES

The whole idea of ‘laptop lifestyle ‘ is that you are able to earn some living using your laptop. It usually is assumed to also come with some other concepts  among which the following are key 1. You can work anywhere  2. You do not need to commute to work and 3. You do not work fixed hours.

This concept predates the emergence of blockchain and encompasses the gig economy, micro-task etc.

It has however been expanded in recent times with the advent of blockchain in general but particularly the emergence of tokenisation and cryptocurrency.

This new surge is premised on one of the needs of these new phenomenon, namely mass adoption. Neither a cryptocurrency nor a token can have any real value unless it is accepted and widely used by a community AND the larger the community, the higher the value of the crypto or coin is likely to be.

Airdrops and Bounties are two phenomena that have been created to enable developers achieve

1.       Mass awareness of the coin or token

2.       Mass adoption of same as value carrying instruments

Whereas airdrops and bounties are unified by these two elements, they are actually not the same. Airdrops are rewards given simply to persons who can prove that they satisfy specified conditions which can be just to prove that you are a human being but may sometimes include that you understand the concept of tokens and have previously used them etc.

Bounties on the other hand are given as rewards for taking designated actions, most commonly

  1. To show that you have read and understood the whitepaper of the project enough to paraphrase it to others if need be

 2. To share information about the project with your associates on designated social networks and show proof of same

 3. to actually get other members of the community to adopt the coin or token by acquiring them or, liked you, relaying the information to their own circle of associates. Accepted proof is that their action is executed using your referral link.

The first question that people raise when you talk to them about the possibility of making money from Airdrops and Bounties is ‘ How can you be naïve enough to think that anybody will give you coins or tokens for free?’. This question carries two salient implications : either that you are being given something that is worthless or that there is a catch somewhere.

As with everything else, the concept of FREE here needs to be qualified. The project promoters are actually receiving value in return for the coins or tokens they are doling out, namely mass awareness and adoption of the instrument.

While mass awareness and adoption are not evidently monetary  in nature , they actually have monetary implications in that they save the team time and money which they could have used in achieving the same aim through advertisement.

At the end of the day, it is likely to be both cheaper and more effective. It reaches a wider expanse ( geographic and demographic) and has higher chances of acceptance because it is being delivered by acknowledged influencers at each level of the relay. It is the nearest to the proverbial ‘ word of mouth’ at this worldwide level.

Let us further examine the insinuation that the tokens or coins so offered are or may be worthless. The first thing that needs to be said here is that both those receiving tokens / coins as bounties and those paying to purchase them at the ICO level are staking- the one their time and social capital and the other their money – are doing so in the hope and expectation that the project will succeed.

Additionally, one may want to cite instances in which some of these token/coins received as airdrops and bounties achieved values, modest or substantial.

So, typically, what tasks are required for one to qualify for bounties ? They usually are simple enough to be achievable by virtually every average user of the internet. They consist amongst others of

1.        Relaying information prepared by the project promoters to one’s social network associates on platforms like facebook, twitter, telegram, reddit, steemit, line etc,

2.       Joining the project’s circle of influence on these same networks and

3.       Making original posts, comments, likes, thumb ups, videos articles etc to be relayed on these same networks or on one’s blogs.

Sometimes, thresholds are set, They include that one must have achieved some ranking on these social networks benchmarked by the amount of followership, the number and calibre of people he can tag without risking spamming, number of positive responses(likes,comments, retweets ect) his post can muster without solicitation or faking .

How can one keep track of the opportunities for airdrops and bounties? These opportunities are a myriad and this area of endeavour has its own scams. The ones I have used and recommend are as follows :

1.       Sharedrops

2.       Bountyox (Referral code is 357de5)

3.       https://rp.bounty.global/signup?ref=ncbey2kseBountyglobal

4.       airdrops

5.       Bountytokens

6.       Cryptogiveaway Bounties

7.       BountySquad

Thery are all like filters for the myriad of airdrops and bounties that have invaded the market in recent times.

Finally, it may also be advisable to leave a small amount of your idle Bitcoins in your account at Stock.Exchange. You will be surprised at how frequently you receive airdrops in consequence.

PS I received a mail from one of the readers Tina Listerov offering the following link as interesting for further reading and I agree with her : https://www.vpnmentor.com/blog/the-complete-list-of-bug-bounty-programs/