Airdrop

Can you really make $100,000 from airdrops - Let's think about airdrops from a different perspective - Talking Liars - Medium空投Original : ZHThis article discusses the recent decline in airdrop popularity, points out that most airdrop tutorials are exaggerated, and explains the low likelihood of high returns from participation in airdrops.The authors mention the unequal distribution of airdrop tokens and point out that most airdrop tutorials are aimed at traffic attraction.Finally, the article proposes a rethinking of the notion of airdrops, exploring the risk and reward ratio of airdrops.
——Generated by ChatGPTAirdrops don't seem to be as popular these days as they were a while ago, and I haven't written about them in over a month, but they are still one of the main ways many people get involved in the crypto space, and most of the tutorials we can find on the web nowadays have exaggerated descriptions of how to participate in so-and-so's airdrops in order to get people's attention, such as claiming a potential $100,000+ in revenue from participating in so-and-so's airdrops and so on.Here we need to understand two of the simplest issues first:First, it's true that gaining $100,000+ by participating in airdrops exists, just as it's true that some people can get rich in a few days just by playing MemeCoin, but these are a very small number of people, and these people basically have some unique methods of operation of their own as well.Typically, very few wallets receive most of the airdrop tokens, while the vast majority of wallets receive only a small number of airdrop tokens. let's take the recent Entangle project as an example, and we can see this distribution very clearly with the wallet distribution chart below.Secondly, most of the online airdrop tutorials are actually aimed more at traffic based considerations, for example, the blogger will leave the appropriate invitation link in the body to attract people to click in order to help them earn airdrop points.Next, let's reframe the idea in a different light/thought: what is an air drop?Of course, this question needs to be considered in a comprehensive way, for example:- How many of the programs you've been involved with have actually done airdrops?- How many of these airdrops are you eligible to receive?And this may need to talk about strategy and personal experience, such as how to pick those projects that have the most potential to be airdrops, how to maximize their wallets to be able to collect the airdrops. yesterday in the group, I found that some of the partners are also discussing the topic of SOL ecological airdrops, in which Mr. Yu also shared his recent participation in a few project strategy.I think what Yu said in the group also makes more sense: there are a lot of online tutorials, but not many can really play and understand the SOL airdrop gameplay.2...Airdrop potential expectationsA lot of people will feel that the current airdrop is very voluminous, a main reason for the voluminous is that people always like to pile up the most popular airdrop project, more people can not be voluminous. as an example, almost everyone knows, such as zkSync such a well-known project will certainly send airdrops, so everyone will flock to participate in, the result will become more and more voluminous.Most people spend their time and energy on participating in specific airdrop programs, for example, they see an airdrop tutorial written by blogger A, and then directly follow the tutorial to do it all over again, and then a few days later they see an airdrop tutorial written by blogger B, and so they continue to follow it to participate in it all over again. they seem to seldom think about whether or not this kind of airdrop program is really worth participating in.In my opinion, this is more or less putting the cart before the horse. I remember that in the previous series of articles on the Airdrop Guide outside the words of Lee, I also sorted out a few specific steps to participate in the Airdrop, and roughly summarized the words are:Seek → Record → Organize → Summarize → Engage (and keep cycling and optimizing the process)In other words, I'd put "participate" last, rather than right off the bat, and "find" and "record" without further ado, either through the X platform or through specialized on-chain tools, such as the one shown below, which can help you find a list of all the possible airdrops in the cosmos ecosystem.On February 20, 2024, Starknet officially began distributing its native token, STRK, with airdrop rules for the general user side:- Address holds at least 0.005 ETH at the time of the snapshot (November 15, 2023)- Additionally, the specific quota for individual addresses will be increased in 7 different levels of incremental steps according to the points rules, based on the user's length of use, total amount of transactions, and total number of contracts interacted with.With the above comparisons, we are able to visualize that the rules/pattern of the airdrop space has changed very much after just under 4 years.In addition, some of the current airdrops have even evolved into a game for the big players (whales), such as the well-known Sun Cuts, for example, some time ago he pledged 58,000 stETH in Puffer Finance, and became the leader of the points of the protocol. not only that, recently, with the launch of the Ether Fi Wa Mining program in Anan, Sun Cuts even pledged 120,000 ETH to the protocol, and directly gained the qualification of the airdrop for the 3,450,000 ETHFI tokens.Ordinary people are busy every day with all sorts of point-scoring, serious research on all sorts of possible rules, all sorts of careful witch-proofing, and what happens?The invitation class points of the airdrop project, you can not do those KOL self media flow blogger. pledge points of the airdrop project, you can not do those whales. competition wallet number, you can not do those jerking studio. even, some projects also exist rat warehouse and internal wallet problem, the use of asymmetric information to continue to deprive the ordinary user to participate in the fairness of the airdrop.So not only is the airdrop getting more and more involutional, it's also getting more and more hopeless for the average white user.6. Airdrop of the futureTo summarize, airdrops are slowly changing from a simple game that is accessible to everyone to one that requires more experience, skill, and even money to participate.However, regardless of the current problems faced by the airdrop, I also believe that with the passage of time, the gameplay and mechanism of the airdrop will certainly become more and more transparent and perfect, just as the participation threshold will be raised to exclude many people.It's the same in any field, really, which is why we need to: keep learning, keep getting better.And in terms of investing, here's what you should be doing: finding those things that work best for you, rather than following the crowd and following the herd.In a field, as long as you can do so 1-2 things well, and do them specialize and do thoroughly, I think it is enough. complicated things are simple to do, simple things are repeated, repeated things are done by heart.I said: the two main things I'm doing at the moment are stocking up on big pies and doing self-publishing (outside the words of Lee).Heng boss in the group said: I'm only doing two things at the moment, one is to hoard coins, and the other is to specialize in airdrops (the last Starknet airdrop won more than 100 numbers, which are worth at least $100,000 according to the current price of STRK).So, what are you trying to say?Well, the content of this issue we will share here for the time being, this is also the 430th article of the word Lee outside the update, we will continue to bring you more related to share, interested partners can through the word Lee outside the view and learn more about the content.The data/images cited in the article are from some chain tools platforms.Note: The above content is just a personal point of view and analysis, only as a science learning and communication purposes, the title or the body of all the items mentioned in the text and the words outside the words of Li have no interest in the connection, and does not constitute any investment advice. crypto market is a very high-risk areas, please look at rationally, to enhance the awareness of the risk of preventive measures, and to comply with the relevant laws and regulations of the countries and regions where they are located!DefiEthereumSo, as long as it is the kind of airdrop program that involves inviting points, no one should be able to outsmart the various KOLs or traffic bloggers. of course, this itself (free airdrop tutorials) is also a kind of reciprocal benefit, each has its own needs, there is actually nothing wrong with it.1...risk/reward ratio (RR) of air dropsAs far as the crypto space is concerned, the main ways in which the average user is able to participate in the primary market are airdrops, IDOs, IEOs, etc. Also, airdrops seem to represent one of the best RRs in the crypto market, as in most cases users are indeed able to spend very little and earn more, a process where what they are paying for themselves more is actually mainly time and effort.Similar chain of tools in fact there are quite a few, which are commonly used in some airdrop project checking tools we have previously organized to the words of Lee outside the toolbox inside, you can go to check as needed.Here we focus on the above "summary", the summary actually means that you look for and record those airdrops to do some basic assessment to determine whether you want to participate, as well as the frequency of participation, the depth of participation, the specific inputs, whether it can be eaten with one fish, and so on.In short, only if you run through this strategy in its entirety, combined with your own experience and some special operations (multi-wallets, fingerprinters, etc.), you will be able to get a significant expected return on top of the airdrop thing.3. Cost Understanding of AirdropsAbove, we have actually mentioned that participating in airdrops is more likely to require a personal investment of time and energy, but many people still like to consider the actual Gas fees they consume, the money they put in (the cost of participating in the trading interactions), and so on, as cost considerations.In addition to the cost in terms of participation, there is also another cost that many people overlook: the cost of future time.And that's one of the main reasons why they don't stick around for the airdrop thing. for example, a lot of people swipe through the various airdrops on X every day, see one they're interested in, and without saying a word, just follow the tutorial a few times (or stick with it for a couple of weeks) and pull it up, and then they hope to get an airdrop, but then when they wait until the day the program actually sends out airdrops, when they go to verify their wallet address, they realize there's nothing there.As almost everyone knows, it takes time to participate in airdrops, and when you interact with a program and hope to use it to get airdrops, the process can take months, or even a year or more (this time is shortened during bull markets), so we have to seriously rethink the cost of a future time.4...air-dropped "impermanent" lossesAlthough airdrops are currently one of the best RRs in the crypto market, there are some "impermanent" losses that should be taken into account in advance, so let's take a simple example:If a project requires you to buy and lock some tokens for a certain period of time before you can get airdrops, but in the meantime, BTC has risen much better than the tokens you locked in, would you still choose to participate in the project's airdrops?In addition to the "impermanent" losses that may result from token price fluctuations, there are also losses based on the risk of smart contracts. For example, when you interact with airdrops, your wallet may interact with a wide variety of smart contracts, which does not rule out the fact that some of the smart contracts are not vetted, and your wallet may be exposed to the risk of losing assets.Of course, in this article, we will not discuss the network above the common phishing scam airdrop link way, this has nothing to do with the risk of the airdrop program itself, more of a personal risk management / security awareness issues.5. Information asymmetry in airdropsCompared to the recent birth of a variety of MemeCoin every day, in fact, the current reliable airdrop project is not too much, so it also led to the airdrop project competition is also getting more and more intense. moreover, with more retail investors to join the army of jacking airdrops, a lot of project airdrops to receive the conditions have also begun to become more and more complex, more and more stringent.Here's a comparison of Uniswap's airdrops from that year with this year's Starknet airdrops:On September 17, 2020, Uniswap announced the launch of UNI tokens and airdropped 10.06% of the total amount of tokens directly to the early 250,000 users, with airdropping rules for the general user side:- 4.92% of total volume directly airdropped to 49,192 early LPs (liquidity providers)- Additionally, any wallet address that has called the Uniswap v1 or v2 contract (and used Uniswap at least once) can receive 400 UNI tokens directly.- Used the Starknet network for at least 3 separate months.- Generate at least 6 or more transactions