How to Manage Your Airdrops: A Complete Guide for New Users

Airdrops are a great way to earn crypto rewards without spending a considerate amount of your capital, especially for new crypto users. However, with many new projects launching their airdrop everyday, sometimes it’s very easy to lose track of your farming progress and miss out on potential rewards.

That’s why managing your airdrops is crucial – this blog will provide a detailed guide on how to efficiently manage and keep track of your airdrops, ensuring a flawless and complete airdrop hunting journey.

I. Why You Should Manage Your Airdrops

Knowing how to manage your airdrops is essential for any airdrop farmer. These are some of the reasons why you should start managing your airdrop:

1. Avoid Missing Out on Rewards

Have you ever joined an airdrop, only to forget about it and missing out on the reward claiming window? Projects usually have a limited time for reward claiming, and as you join more and more airdrops every day, it’s very easy to overlook some of the opportunities and miss out on valuable rewards.

By managing your airdrops, you can keep track of your airdrop farming progress and avoid missing out on potential rewards.

Tips: You can use the airdrop claim calendar curated by AirdropBee here to track the upcoming claims.

2. Helps Farming Airdrops More Efficiently

When it comes to airdrop farming, there are always more airdrops launched every day than you could allocate resources to. It’s important to strategically manage your airdrops and focus more on promising opportunities rather than trying to do it all – your time and capital resources are finite.

Managing your airdrops can help save your time and effort while maximizing your rewards.

3. Stay Updated With Airdrop News

Managing your airdrops and staying up-to-date with project announcements can boost your chances of securing rewards and help avoid potential losses – whether by completing time-sensitive tasks on time or quickly revoking permissions when encountering scam projects.

By managing your airdrops, you can easily follow current farming projects and always stay updated.

II. Two Main Ways To Manage Your Airdrops

Now, we will introduce some ways to efficiently manage your airdrops.

1. Use Spreadsheet

Spreadsheet is a basic and effective tool to manage your airdrops. It helps keeping track of all necessary information in one place without much effort.

How to Manage Your Airdrops: A Complete Guide for New Users

Using a spreadsheet, you can easily sort and monitor airdrops you are farming, take daily/weekly notes for tasks, and quickly access the information you need to stay organized and efficient.

More details on how to effectively manage your airdrops using spreadsheets will be shared below. 

2. Use On-chain Trackers (DeBank)

You can also use on-chain portfolio trackers to actively manage your position for airdrops. We recommend using DeBank as it is the most detailed while being easy to use.

What is DeBank?

DeBank is a multi-chain portfolio tracker. It provides a complete overview of your wallet activities, on-chain assets, DeFi positions, and interacted protocols – across all EVM networks and in real-time. 

Since DeBank offers a detailed view of your wallet activities, it makes an excellent tracker for Retroactive Airdrop farming, as you don’t have to check each every position manually using network explorers.

In DeBank, you can view all the protocols you are interacting with, your deposit value, as well as your cumulative volume within that protocol.

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How to manage my airdrops using DeBank?

To use DeBank, visit https://debank.com/ and log in using your crypto wallet. Click on DeBank Profile to view your crypto assets and DeFi positions.

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To get a more detailed look, switch to the Transactions tab and enter Analysis Mode.

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Here, you can view your top interacted protocols as well as their respective volume.

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III. Step-by-step Guide to Manage Your Airdrops Using Spreadsheet

Managing airdrops using spreadsheets is an optimal way to keep track of your airdrop activities and claimed rewards. While platforms like DeBank offer specialized tools for monitoring your on-chain actions, a spreadsheet gives you a more general control over what project you are farming, their respective priority, and airdrop status. 

To manage your airdrops using spreadsheet, follow these steps:

1. Set Up Your Spreadsheet

First, you will need to set up your spreadsheet. For your convenience, we created an example airdrop management file that you can download or duplicate to use. Alternatively, you can just create your own spreadsheet or modify this sheet to more of your liking.

Airdrop Management File

2. Fill in Airdrop Data

To manage your airdrops, start by filling your farming airdrops details into the spreadsheet file. The key information you can see on the spreadsheet includes: 

a. Date Added

Date you started farming the airdrop. This is to keep track of how long you have been farming that airdrop.

b. Project

Name of the airdrop. This is to differentiate between different projects and help you quickly locate specific airdrops.

c. Tier (S, A, B, C)

The priority level of the airdrop. This is to identify more rewarding and resource intensive airdrops that must be paid more attention to. 

For this part, you can simply use the one displayed in our AirdropBee site.

d. Status (Farming, Ended, Claimed)

The current status of the airdrop. This is to identify if an airdrop is ongoing or concluded. It also helps you avoid missing out on reward, as you can easily notice ended airdrops to check for their claiming announcements.

Farming: You are farming this airdrop.

Ended: You stopped farming this airdrop and waiting for airdrop distribution.

Claimed: You stopped farming and claimed rewards of this airdrop.

e. Twitter & Website Link

The Twitter and Website links of the airdrop. This is for easy access when farming the airdrop and checking announcements. It also helps avoid potential phishing links. 

f. Tasks

All tasks and necessary actions for the airdrop.For this part, you can simply use the tasks introduced in our AirdropBee site.

g. Frequency (Once a week, daily)

How often you should farm the airdrop. This helps avoid missing out on activities and maximize your chances for the airdrop.

h. Progress

A record of your current position in the airdrop. This helps give a clear overview of what has been done and what still needs attention.

i. Weekly Note

A record of your completed tasks in a week. This helps keep a detailed log of your past activities, making it easier to plan your next steps.

3. Maintain Your Airdrop Spreadsheet

After initially filling in your farming airdrop details, regular updates are needed to keep track of your airdrops and avoid missing out on any important tasks or reward. Here are some tips to keep your airdrop spreadsheet up-to-date: 

3.1. Update Progress Regularly

After you have completed any tasks in an airdrop – for example gained more points or minted an NFT, make sure to update the Progress column with the latest info. This will help monitor your current position and keep track of all the actions related to the airdrop. 

Updating your progress can be done daily or weekly – it all depends on the type of the airdrop and your farming intensity.

3.2. Adjust Status When Necessary

If an airdrop concludes, make sure to change the Status from Farming to Ended. This is important to prevent wasting more efforts on ended airdrops, and to remind you to check for reward claiming announcements.

Similarly, change the Status from Ended to Claimed when you have claimed your airdrop to keep track of your rewards.

3.3. Add Weekly Notes

Adding Weekly Notes is crucial to keep track of past activities, and helps planning for your next tasks. You can note down any significant news or your completed actions related to the airdrop. This can also serve as a reminder for uncompleted tasks of the airdrop.

Conclusion

Overall, managing your airdrops is essential for efficient airdrop farming and avoid missing out on rewards. By combining tools like DeBank and spreadsheets, you can ensure effective airdrop management, optimize your farming efforts, and secure valuable opportunities.

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