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The Secret to Free Crypto Airdrops ($1,200+) - YouTube
Channel: Max Maher
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However, in order to increase
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how much you can earn with airdrops,
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there are some best practices that you must follow,
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as well as some severe red flags that you must avoid,
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because an avoidable mistake here can cost you
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your entire crypto wallet,
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and we're going to prove that.
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So what is an airdrop exactly?
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If you've never heard the word, you might be picturing
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some kind of like, Navy Seal diving operation, but
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it's not quite that cool.
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Essentially a thanks for being a customer.
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Airdrops don't happen exclusively with
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tokens that launch, but it's a pretty common occurrence.
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The first airdrop that started it all was the
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Uniswap drop that happened in September 2020.
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At the time of launch, anyone who used the
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Uniswap decentralized exchange exchange at least once
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received approximately 400 UNI tokens,
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which was worth $1,200 at the time.
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Uniswap was basically sending out
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free stimulus checks.
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And for a recent example, on November 3,
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the ENS protocol announced that they would be
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issuing $ENS governance tokens,
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and 25% of all those tokens
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would be distributed to eligible users through an airdrop.
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ENS is a domain name service based on Ethereum.
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Those who registered a .ETH domain name before October 31
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were eligible to receive those free ENS tokens.
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And some even received as much as six figures
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from this drop.
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And this made me really curious about investigating
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more airdrops because who doesn't like free money?
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Let's face it, the general direction of
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crypto markets is bullish.
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I mean, Matt Damon is doing ads for crypto.com,
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- Fortune favors the brave.
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- Post Malone is doing ads for NFTs now.
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That's big for the crypto industry.
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Anywhere you look, it appears that
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and this acceleration will increase the demand
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for more decentralized applications.
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That means more opportunities to
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earn big airdrops
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and earn more on your crypto investments.
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Wait until I show you one airdrop I found this week
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that is enough for me to live off of
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for more than a year,
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and I promise it's not what you think.
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We'll cover that later in this video.
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Also, a Channel Announcement:
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We are running a Black Friday deal!
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We've added daily signals to the Patreon.
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So now you get this on top of additional private content,
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my buy alerts, weekly coaching,
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and a private community all for as little as $10 a month.
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And we're running a Black Friday-only deal
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where if you purchase a one year membership
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of our high tier offer,
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you will get my YouTube course completely free,
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more than $500 in savings!
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This is huge. That will be linked in the description.
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Now, here's the best practice to
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increase your odds of randomly
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waking up one day with some free money
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landing in your crypto wallet.
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So you wanna start by writing a list of
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applications in crypto which don't have tokens.
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You wanna find platforms or services with no native token,
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the bigger the platform or service, the better
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because if they launch a token,
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you can be more certain that that token will do very well.
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And you probably want to break this down by type.
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So first you could have wallets
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like MetaMask, Yoroi or Phantom,
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then NFT Marketplaces like OpenSea or SolSea,
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or Layer 2 scaling solutions like Arbitrum.
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None of these players currently have tokens,
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and they would be perfect candidates for
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airdrops, and it isn't limited to that list.
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You'll be able to find far more and
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feel free to comment yours down below.
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Now, once you have your list,
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all you have to do is simply use those services.
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The more you use them, of course, the better.
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But it can be as simple as just having a
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free wallet or a free account.
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Now, one potential big airdrop that
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everyone is hyping up right now and maybe
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coming next year is MetaMask.
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Now, I haven't been able to find
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anything stating that this will absolutely happen,
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but the rumors are there, the murmurs are there.
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I went to Google and I typed in MetaMask token 馃樇
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and I found a story on the first page
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where the founder of ConsenSys
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had something to say about this
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potential MetaMask token.
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(Joseph) tweeted "Wen $MASK? Stay tuned"
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That's really interesting.
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If it were anybody else,
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I probably wouldn't give it much thought but,
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this dude is one of the co-founders of Ethereum.
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This is no doubt creating a lot
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of hype around the speculation
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of a MetaMask token.
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As we demonstrated with Uniswap,
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the purpose of airdrops is to
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to reward early users of their platform.
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Now, in order to be eligible for a Mask token airdrop,
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you probably would need more than just a wallet
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because they have so many users at this point.
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So you could increase the odds of your
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airdrop eligibility on MetaMask
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by using the protocol to swap some tokens.
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I'll show you what I mean by making a
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transaction on MetaMask. It's super easy.
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All you have to do is open the application and
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click on the "Swap" button and then choose
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which assets you would like to swap,
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review and swap,
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if you can tolerate the gas fees.
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- Oh my god
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- I'm never gonna financially recover from this.
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- Now, of course, none of this is guaranteed.
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We don't know for certain
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who will have tokens and who won't.
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The goal behind getting the most
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airdrops possible is by spreading out our odds
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and being a user of many services
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who don't yet have tokens.
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This is because we're not sure if MetaMask or
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anyone else will end up doing a token drop.
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So spread out those odds.
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Now spreading out our odds brings me
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to the next part of the story,
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something that you need to be careful of.
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and you need to understand how these scams work.
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That way you can avoid them.
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And because I don't want you to lose money,
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So over the past several weeks,
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I've been playing around with Binance
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to learn more about some potential airdrops
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on that chain.
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And I was on an app called PooCoin,
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yes, PooCoin 馃挬
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and I noticed I had almost an entire Bitcoin
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worth of airdrops, so I thought to myself,
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while making a video about airdrops.
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This airdrop led me to a
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website I haven't heard of before called ARKR.org
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I've never touched this protocol,
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so the red flags were already flying.
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And I go to the site,
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and first I see two spots
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where it says Get Airdrop.
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These are calls to action
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that you need to be aware of when detecting scams.
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After some further research,
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I found that the site is actually a
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clone of another site called KCCMemepad.com
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Because of this, I'm almost certain that
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this ARkR site is either a
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dust scam, or it will drain my wallet completely
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if I interact with it.
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So let's test it out.
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I busted out an old laptop,
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I installed MetaMask on it,
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I've added some funds and now
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let's scam ourselves.
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So I'm going to click airdrop
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and I bet that it will request
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that I allow the site to interact with my wallet.
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That's how these scams typically work.
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All right.
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Yep.
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Connect.
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Here goes nothing.
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[Intense Music]
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馃槰
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馃拃
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馃サ
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Too bad, it doesn't drain my account right away.
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This would make for far better drama,
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but now we wait.
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And there it is. I'm officially
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part of the Rug Pull Survivors Club.
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We should have T-shirts made.
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Now as funny as this is,
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it is really a problem.
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Decentralized applications need to put
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better protections in place to protect
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retail users from this kind of thing.
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I also went on BscScan and noticed
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that there were people who are trying to
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trade this token with pending transactions.
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Do not do that.
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Now, this is scary, but it's avoidable.
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If you see a random token in your wallet
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not affiliated to anything you've interacted with,
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It's very likely a scam.
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If you're unsure, do some searching online
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and see what the Internet has to say about that token.
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Apart from being cautious of scam drops,
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one of the most important things I learned about airdrops
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is they're not always easy to receive.
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I read an article about a token launch
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called ParaSwap,
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And I found out that the requirements to get in were
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actually quite exclusive and
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many people were hoping to get this PSP token
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but either received nothing or a tiny amount.
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So I thought this is an interesting example
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and I looked into this further.
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ParaSwap launched a token just a few days ago
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and here are some of the tokenomics.
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150 million tokens or 7.5%
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of the PSP's total supply of 2 billion
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will be airdropped to 20,000 early users.
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Now 7% is pretty low when we compare it to
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airdrops we saw earlier in this video
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like $ENS.
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And then I saw many people on Twitter complaining,
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as people on Twitter do best,
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that they either didn't qualify
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or they were unhappy with the amount of tokens
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that they received through this airdrop.
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One guy even made a video about it.
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- You know how much time
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I spent on ParaSwap?
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Hours and hours.
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And what do I get for this?
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One measly 10k airdrop.
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- While this is a little bit dramatic,
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he actually makes some valid points.
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He says he spent countless hours on the platform
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with over 200 different wallets that he used
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and spent large amounts in trading fees
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and received a relatively small amount.
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He still received quite a bit.
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So lesson learned: No matter how active
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you are on a platform, it doesn't mean
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you're guaranteed to get a massive airdrop
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when a new token launches.
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Again, this is why it's best to spread out your odds.
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And finally, I want to take what we learned
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in the MetaMask example,
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and apply to some other applications that I'm
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keeping a close eye on for potential
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airdrops in the future.
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One big one is Arbitrum.
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Arbitrum doesn't have a token currently
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and they are one of the most popular
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Layer 2 scaling solutions.
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If you're unfamiliar with what a Layer 2 scaling solution is,
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this is basically infrastructure on the blockchain
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that allows Ethereum to be faster and have
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cheaper transactions.
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I read that configuring Arbitrum on MetaMask
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is a potential way you might be eligible
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in the future for an Arbitrum airdrop,
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So I'm going to show you how easy this is to do,
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it's super quick.
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The easiest way to do this is to go to MetaMask.
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At the top, you see a drop down menu to choose
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which network you wish to use.
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Click it and if you see Arbitrum
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in that dropdown, you can simply click that
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and it will auto set up.
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If you don't see it in the dropdown,
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you can manually add by clicking 'Networks',
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then 'Custom RPC',
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and entering in these credentials.
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I'll have them in the description of this video,
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so you can just go ahead and copy and paste over.
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Now we can can't be certain if
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this will make us eligible for
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future airdrop Arbitrum tokens,
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but it won't hurt.
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This really is a numbers game.
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Find DeFi apps without tokens,
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interact with those apps
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and simply wait.
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If you're a beginner in the space, I know understanding what
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airdrops are and how to find them can seem
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challenging, but if you educate yourself on the market,
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stay on top of trends, and simply
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brainstorm popular apps without tokens,
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you will find the next big airdrop
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without the help of anyone.
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Now if you appreciate me scamming myself
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for the sake of entertainment,
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hit that subscribe button, and if you're feeling
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extra frisky, go again and join my Patreon
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for the best deal on the internet.
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And make sure you utilize that
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Black Friday deal because we do not do deals often.
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So I'd like to thank you so much for watching,
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and I hope you have a profitable day!
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