To identify high-reward, low-risk airdrop projects, focus on those with strong fundamentals: a credible team, clear use case, and transparent roadmap. Prioritize projects backed by reputable investors or partners. Check for active development on GitHub and a functional product or prototype. Analyze tokenomics—avoid projects with excessive inflation or unclear utility. Engage with the community to gauge legitimacy and enthusiasm. Use tools like CoinGecko or Etherscan to verify contract authenticity. Diversify across multiple airdrops to mitigate risk. Stay informed through trusted crypto news sources and forums, and always conduct thorough due diligence before participating.