Learn the ropes of drop hunting from the experts at CryptoRank. Current airdrops should be studied, they said. You should look into the projects that have recently distributed tokens for free and see which ones have been the most successful. Investigating on-chain analysis and KYC-related services and tools is also necessary.
Find out how many drop hunters there are and figure out a way to stand out from the crowd. It is advised to farm multiple projects simultaneously on the same wallets, as the impact will be cumulative, according to experts. Experts have pointed out that “the quality of storage exceeds their quantity.”
Online reputation management tools like Trusta and Nomis were suggested by industry experts. Your wallet’s “condition” will improve as a result of this. Digital passports for Gitcoin and Galxe are also required. There are a lot of “sybils” in the first one because it’s easier to set up.
The Ethereum network is the place to make transactions when gwei is low. Mornings on weekends tend to be when these occurrences take place. The cost of commissions dropped tenfold after the Dencun update, lowering the bar for entry into drophunting.
Professionals advise looking into new ecosystems that show promise. Since more steps are required, such as creating separate wallets, there is less competition in that space. Aptos, Sui, and Stacks are all examples of such. Additional assistance with KYC registration can be sought from family members as well.
“Drophunting is dominating the scene and the importance of distinguishing between genuine user participation and the manipulative activities of’sybils’ becomes paramount,” the researchers emphasized. To tackle this issue, projects are implementing a mix of know-your-customer (KYC) measures and on-chain reputation systems. There is no way to totally defeat the “sybils,” according to experts.