Some users earned thousands in free tokens from airdrops. Here's how they work — and the scams to dodge.
New crypto projects give away free tokens to early users to bootstrap their community. Use a protocol early, and you may get rewarded with its token when it launches.
Use new DeFi protocols, bridge to new chains, test new apps, and hold for a while. Projects reward genuine early users. Jupiter and Arbitrum airdrops paid users $1,000s.
NEVER connect your main wallet to an airdrop site you got via DM or random link. Fake airdrops drain wallets. Real airdrops never ask for your seed phrase or a payment.
Airdropped tokens are taxed as income at your slab rate based on value when received. Selling them later triggers the 30% crypto tax. Track every airdrop for your ITR.
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