Navigating the crypto space as a newbie is difficult and sometimes tempting to give up. While cryptocurrency is known for huge financial gains, kickstarting the journey to gain success demands time, learning, and patience. Sometimes you may even lose all your money in the process of purchasing/ trading coins.

However, one way to skip the losses and maximize every little opportunity for huge gains is by joining an airdrop campaign. In airdrops, you definitely don't need to have money in your wallet to participate, but you might need to have a gas fee to claim. (this will be a topic for another day).

But note that there are silly mistakes that might hinder your gains which is what this article seeks to correct.

After participating and qualifying for the MAVIA airdrop, I came online to see 12.5 MAVIA to claim, but I was not happy because I thought it was very little. (Golden rule: Never assume in the crypto space). Probably since it was an Ethereum-based token, the gas fee would be much so I didn't really find it interesting.

Let me shock you, this token rose to $40 when launched on Bybit and that amounted to $500 for a free project. So why was I careless about it? However other factors like poor information also contributed. (was not sure of the precise launch date). So below are the five things you need to do to avoid costly mistakes like this.

Cross Check Information And Remember To Jot Them Down

According to Neil Hunt, "Information is the currency of the digital age." Without information, you are left in the dark. After participating and following up with a project's airdrop campaign, remember to jot down essential info like:

Airdrop date

Launch date and

Platform for the launch and the time

The airdrop date will help you claim your token as soon as possible. Remember that most unclaimed airdrop tokens burned when the allotted time allowed by the project's team alaps. So as not to regret, ensure to note down the airdrop date.

Another important piece of information is the launch date. Having the launch date of a project at hand will help you strategically position yourself to make as many gains as possible. This will allow you to program and schedule your activities on time.

Additionally, info like the platform for the launch and the time should not be forgotten for anything. When a token is launched, it is expected to rise at a certain price and then start declining. At the peak of the price rise, investors take out their profits, and the price starts dropping. If you fail to take out your profit on time, then you probably lose some precious money. This is why information like this is important.

Create a List of The Airdrops Campaign You Are Doing

Never just do a project randomly you might end up getting nothing at all because projects award committed participants. While there may be thousands of participants in a particular project, the project will award a certain number, making it highly competitive. So to keep track, you have to complete all the allotted tasks and fight to get on the top of the leaderboard.

Make a table indicating the project name, the date you started, the wallet you used, the task you have done, how many are left, and the persons you are following to get information on the project. This will help you a lot.

Follow Gurrus On Twitter and Join Their Telegram Channels.

Following airdrop gurus makes the process quick and easier for you. Airdrop experts know and understand the game and out of their knowledge, they will put you on track. There are dozens of them out there, but ensure to follow the ones that have the success of their followers at heart.

Stay Alert At The Launch Time

Staying alert during the launching time is demanded for great success. Ensure to transfer the claimed token to the platform where the launching will be taking place. This will allow you to trade and make a smart move on time.

Only Tokens That Are Converted To Stable Coins are You Gain

For you to convert the project's token to stablecoin you must have a clue how trading works. The "buy" and the "sell". To sell means converting your tokens to stablecoin while to buy means converting your stablecoin to the desired token. You must master the two to make tangible gains. After selling at a high price, you may want to buy the token at the lowest price to make gains when it rises again.

Conclusion:

Participating in airdrop campaigns is highly rewarding but it requires time and patience. Aside from this, one needs to carefully understand how the game works. The five points highlighted above show you what you need to do to maximize every opportunity.