How to Earn Free Crypto with These 5 DApps

The world of cryptocurrency is constantly evolving, with new ways to earn digital assets emerging regularly. One exciting avenue is through Decentralized Applications (DApps). DApps operate on blockchain technology, offering various opportunities to earn crypto, from playing games to participating in decentralized finance (DeFi). Here are five types of DApps you can use to earn free crypto:

1. Play-to-Earn (P2E) Games

P2E games reward players with cryptocurrency or NFTs for their in-game activities. These games often involve collecting, battling, or trading digital assets.

• Examples:
  • Axie Infinity: A Pokémon-style game where players breed, raise, and battle creatures called Axies. Players earn Small Love Potion (SLP) tokens by completing quests and winning battles. These tokens can be traded on crypto exchanges.
  • Gods Unchained: A trading card game where players own their cards as NFTs. Winning matches earns players tokens, and valuable cards can be sold on marketplaces.
  • The Sandbox: A virtual world where users can create, build, and monetize their gaming experiences. Players can earn SAND tokens by participating in the game’s ecosystem.

2. Move-to-Earn (M2E) Apps

M2E apps reward users with crypto for physical activity, like walking, running, or cycling.

• Examples:
  • StepN: Users earn tokens for walking, jogging, or running. The app tracks movement via GPS and motion sensors.
  • The Dustland: This app features a storyline that unfolds as users progress in their fitness activities, earning rewards along the way.
  • SuperWalk: This app rewards users for walking and running, encouraging a healthy lifestyle while earning crypto.

3. DeFi Lending and Borrowing Platforms

DeFi platforms allow users to lend or borrow cryptocurrency. Lenders earn interest on their assets, while borrowers can access crypto loans.

• Examples:
  • Aave: A lending protocol where users can earn interest by supplying crypto or borrow assets.
  • Compound: Similar to Aave, Compound allows users to lend and borrow various cryptocurrencies.
  • dYdX: A decentralized exchange that offers spot, perpetual, and margin trading, with opportunities to earn through providing liquidity.

4. Learn-and-Earn Platforms

These platforms reward users with crypto for completing educational tasks about blockchain and cryptocurrencies.

• Examples:
  • Coinbase Earn: Users can earn crypto by watching videos and completing quizzes about different cryptocurrencies.
  • BitDegree Missions: This platform offers courses and tasks related to crypto and blockchain, rewarding users with tokens for their participation.

5. Crypto Faucets and Airdrops

• Crypto Faucets: These are websites or apps that distribute small amounts of cryptocurrency as a reward for completing simple tasks, such as viewing ads or solving captchas.
• Airdrops: Crypto projects often distribute free tokens to promote their projects. To participate, users may need to hold a specific coin or follow the project on social media.

Important Considerations:

• Research: Before using any DApp, thoroughly research its legitimacy and security.
• Wallet: You’ll need a crypto wallet compatible with DApps, such as Coinbase Wallet or Phantom.
• Network Fees: Be aware of transaction fees, especially on networks like Ethereum.
• Risk: DeFi platforms and some DApps can be risky, so only invest what you can afford to lose.

DApps offer exciting opportunities to earn free crypto while engaging in various activities. By exploring these different types of DApps, you can find the methods that best suit your interests and potentially grow your crypto holdings.