Airdrops explained as one of legit side hustles

ByteLixir has firmly established itself as a dependable passive income app for those who need legit online side hustles and creative ways to make money without a job. People register with us to earn some extra cash, with their sensitive data being reliably protected. We seek not only to generate revenue as a separate solution, but inform about other earning opportunities. Considering the fact that cryptocurrency influences the whole society we will describe the crypto airdrops. 

An airdrop defined as an online earning

Crypto airdrops are not related to airborne troops or the famous iPhone capability to send files via Bluetooth. An airdrop is just a marketing technique to promote a digital asset. Its team strives to win early adopters or expand their market niche by disseminating the new asset free of charge. After that, such coins and tokens are expected to strengthen their market positions. 

Unlike passive income apps, this direction promises no stable legit online side hustle. On the other hand, if individuals put their money on the right asset, such ways to make money without a job can be lucrative. 

Note: airdrops should not be confused with Initial Coin Offerings (aka "ICOs"). The latter imply buying assets, even if the first price is low. Airdrops mandate no payments. 

Types of airdrops as ways to make money without a job

1. Loyalty class of airdrops. An asset is distributed among the current project participants. Say, people can get a bonus for owning a web3 game's NFTs or launching a certain number of transactions enabled by a web-based exchange or app.

2. Holder class of airdrops. Persons become owners of a fresh asset if they already possess certain coins or tokens in wallets. For instance, back in 2017, the participants of the Binance exchange services were given brand-new Binance coins (BNBs).

3. Exclusive class of airdrops. Only a limited group of players is entitled to have accounts topped up in this case. Such "inner circles" might include the developer’s team members, crowd-funders, social media celebrities and prominent crypto enthusiasts, etc.

4. Hard-fork-based airdrops. The coin owners get extra digital assets when the blockchain asset they own splits. 

5. Blockchain airdrops. For instance, Ethereum distributes ETH coins for making use of their smart contracts.

6. Bounties. This class differs from other types, as it mandates more deliberate effort. One needs to perform various tasks to get crypto — tap a hamster, pass surveys, etc. But still, it is a legit online side hustle. It is a way to make money without a job. Let's explore the domain of bounties with the ByteLixir passive income app.

What are bounties about?

The idea is straightforward. Get the job done and receive payments. You might be requested to:

1. Repost something on Twitter.
2. Invite new subscribers from the pool of friends and connections.
3. Become a member of a community on Discord, Facebook, or Telegram.
4. Make a video for TikTok.
5. Create a picture.
6. Publish a positive review.
7. Identify a vulnerability, and more.

Pros and cons of airdrops 

Advantages of airdrops as a legit online side hustle include:

• Not much time required.
• Relative simplicity.
• Lots of easily available info concerning ongoing airdrops on the Internet.
• No need for advanced software and hardware, airdrops are no mining.
• A chance to grab some seed cryptocurrency capital that might rise in price.

The medal has a reverse side: 

• Income is unpredictable and unstable, as crypto prices fluctuate.
• Privacy issues caused by the fact that to earn cash, people need to collaborate with countless projects and teams. Some might have weak or no security policies in place.
• A significant chance of fraud and foul play, as the class of scam projects and fraudsters will never disappear. It's a chance to lose money instead of getting some.
• Actions, even limited and minor, are still required to earn money. Revenues are not generated automatically.
• Basic knowledge of blockchain is a must.

Airdrops and passive income apps as legit online side hustles 

Airdrops in the crypto industry can serve people as a way to make money without a job. But they are incomparable with advantages of passive income apps. For instance, ByteLixir gives paves a way to stable and predictable income that requires nothing from a person. All it takes is to sell bandwidth for money and earn more by participating in our affiliate program. Simultaneously, if a person is determined to generate greater revenues and takes an interest in crypto, these two types are a great combo.