Many friends do not know what shearing wool actually means? Some even interpret alpha as shearing wool. Indeed, alpha is a form of shearing wool, but it is just one of the 'projects' that can be undertaken in the shearing wool track! This article will help you understand what shearing wool in blockchain is!

What is shearing wool in the cryptocurrency circle?

Shearing wool, commonly known as 'haoyangmao', has long existed in the web2 traditional internet, with dedicated teams (studios) engaging in activities such as shearing wool from various operational campaigns on platforms like certain Taobao or Pinduoduo to gain profits.

Actually, the basic shearing wool in blockchain is quite similar, but there are some differences. You can also engage in operational activities like in web2, such as participating in campaigns from certain exchanges or project parties to earn some income.

However, the playability of reward-earning in blockchain is higher, and the types of returns are more diverse. In the early stages, blockchain projects could start through ICOs, AMAs, and community promotion. Later, community activities emerged, where projects would operate communities and conduct events before launching, allowing everyone to participate. Once the project goes live, they can obtain some returns (including but not limited to token airdrops). Therefore, the current reward-earning in blockchain is equivalent to participating in the operational activities of the project before the TGE (launch) to accumulate some 'points' (as proof) to wait for airdrop income after the project's TGE.

Let me introduce Alpha, an operation activity by Binance that allows you not to conduct research yourself but to directly filter some high-quality projects. Everyone only needs to meet Alpha's requirements to receive airdrops from the projects. Some might require completing additional tasks, but they are all quite simple, integrated by Binance. For more in-depth information about Alpha, you can check my previous articles.

What types of rewards are there?

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Taking last year and the year before as examples, the concept of Depin is being speculated, and many projects are emerging. To participate in such projects to 'earn rewards', you need to prepare equipment to run (execute the project’s program) in order to gain points. Once the project goes live, you will receive token airdrops based on your points. If it's a studio, there will be a lot of automated operations to create accounts.

The same goes for sign-in types; you sign in daily through the project's website or other platforms to earn 'points', and then wait for TGE airdrops.

On-chain interaction type

Such projects generally require you to perform some 'operations' in the project's DAPP, such as needing to stake LP or trade to complete the project's requirements. This can be quite challenging for beginners; first, you need to learn about blockchain wallets and practical operations. Secondly, you need to understand contract interactions and DAPP interactions (such as decentralized exchanges, DEX). The remaining logic is similar, providing you with proof to wait for the TGE airdrop.

There are also blockchain games (GameFi) and initial coin offerings, but this article is just to introduce these concepts, so I won't go into detail.

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This has recently gained popularity, and the general logic is that you need to manage social accounts. The projects will evaluate the data from your accounts, assign you scores and points, and airdrops will be given based on your ranking or points. Some projects might also include tasks, such as posting relevant content or completing certain interactive tasks.

Of course, if you really want to analyze, you can find quite a bit, but it's unnecessary!!!

How to start if you want to engage in reward-earning activities?

First, you need to understand that through this article, you should have a grasp of reward-earning, but that’s just macro knowledge; you need to delve deeper on your own!

Next is learning. Learn the terminology: for example, what is research, learn the tools: such as what is a fingerprint browser, and also prepare materials like IP addresses, social accounts, KYC, etc., as well as knowledge about blockchain wallets. Only then can you start working, and you also need to understand the market. For example, if you start doing automated projects now, it would be a wasted effort!

Given the current environment, you can directly engage in reward-earning activities; just understanding it is enough to get started. However, most people cannot persist, so it’s better to learn about reward-earning thoroughly to understand this entire direction and track before starting!

No direction will allow you to easily earn money or become wealthy; effort is required. Although the blockchain industry is close to money and offers the potential for financial freedom and class mobility, you definitely won't achieve anything by doing nothing! Stay humble and steady, take measured steps, and build up gradually!

I believe all of you can achieve your goals and move towards freedom!