Crypto Trader Who Made Over $4 Million Airdrop Farming This Year Spills Secrets to Striking It Rich
A new breed of investor is making millions through a strategy known as “airdrop farming.” Based on a post by Rekt Fencer, one such trader, who goes by the moniker “@Leo_NFD,” has raked in over $4 million this year alone by capitalizing on the lucrative airdrops offered by various blockchain projects.
Airdrops are a marketing tactic employed by crypto projects to distribute free tokens to early adopters and community members. By participating in these giveaways, savvy traders like @Leo_NFD can accumulate significant token holdings, which can then be sold for substantial profits.
In an exclusive interview, @Leo_NFD revealed the secrets behind his airdrop farming success, offering valuable insights for those looking to replicate his achievements.
The Origins of an Airdrop Mogul
@Leo_NFD’s foray into airdrop farming began about 1.5 years ago when he recognized the potential of airdrops as a stable income source, unaffected by the market’s volatility. “Airdrops happen both in bear and bull markets,” he explained. “Sure, they’re more frequent and larger during bull runs, but you can still profit from airdrops even when the market’s down.”
With this realization, @Leo_NFD assembled a dedicated team focused solely on airdrop farming, a decision that has paid off handsomely.
Software-Driven Efficiency
One of the key factors behind @Leo_NFD’s success is his reliance on specialized software to streamline the airdrop farming process. “I predominantly use software for my operations,” he revealed. This approach allows him to manage a staggering 100 to 2,500 wallets simultaneously, engaging them in various activities depending on the perceived likelihood of a project’s airdrop.
While his team occasionally resorts to manual labor when deadlines are tight, the use of custom software has proven invaluable in maximizing efficiency and scaling operations.
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Show more +Current and Future Targets
At present, @Leo_NFD’s sights are set on over 45 projects, including Layer 1 and Layer 2 networks, decentralized finance (DeFi) protocols, and GameFi platforms. His focus, however, is on ventures backed by prominent venture capitalists (VCs). “If VCs put in $10 million or more, I’m probably farming it,” he stated.
As for his top airdrop picks, @Leo_NFD recommends keeping an eye on perpetual decentralized exchanges (perp DEXs) and projects that require liquidity locking, such as Elixir, Build on Bob, and SuperformXYZ. He also advises considering not only the total value locked (TVL) but also the user base size, as smaller communities can yield substantial airdrops even with modest investments.
The Future of Airdrop Farming
Despite the inherent risks and challenges, @Leo_NFD remains bullish on the future of airdrop farming. “Airdrops aren’t going anywhere because they’re just one of many possible go-to-market strategies for a project,” he asserted. He believes that innovative distribution models, like the one employed by EtherFi, will drive TVL growth and sustain post-token generation event (TGE) traction.
Tips for Aspiring Airdrop Farmers
For those looking to break into the airdrop farming game, @Leo_NFD offers some sage advice. First and foremost, he emphasizes the importance of focusing on two key factors: the amount of money a project has raised and the level of competition.
“If you come across a project with a $300 million TVL but only $3 million raised, I would avoid getting involved,” he cautioned. “They might lack funds for a significant airdrop and token price maintenance.”
Instead, he recommends targeting projects with a $10 million or more fundraising and moderate competition. Additionally, he stresses the need to treat airdrop farming like a full-time job, requiring daily hard work and dedication.
For those seeking a shortcut, @Leo_NFD’s team at NFD_gg has developed several public products, providing software for farming on platforms like zkSync, Zora, Scroll, Base, and Linea.
In closing, @Leo_NFD emphasizes that airdrop farming is not merely a passing trend but a viable full-time gig for those willing to invest the necessary money, time, and effort. As the crypto landscape continues to grow, the opportunities for savvy airdrop farmers like him show no signs of slowing down.
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Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
