What Is a crypto airdrop?
What Is a crypto airdrop?
Contents
- Definition of «airdrop»
- What is this for?
- Why should you deal with it?
- Imagine your bank is $10,000 and you want to make investments
❓Definition of «airdrop»
Lots of people have already heard about airdrops, but not everyone knows what it is and how it is hold.
A crypto airdrop is a distribution of free new coins.
A narrow person won’t be interested in airdrops till he knows the idea of earning thousands of dollars by few clicks.
❗ You should understand that not every project is limited with small amount of actions. The most important thing is to make a right choice for investments.
⚙️ There’s a number of criterias which can help you to determine the most benefit platform.
- Pay attention to projects with an investment fund of $100 million and more;
- Participate in projects made on the Ethereum base as they are the most expensive and profitable;
- A certain project should be based on a blockchain.
📣 Later we will study the more detailed algorithm in our chat.
❓What is this for?
- Such a practice draws attention to new projects, and also stimulates the community to actively participate or discuss technical issues;
- It’s the safest judicial option to enter the market;
- The more users, the more they attract additional capital from private investors;
- A project earns lots of money on transaction fees, workload fees and other network operations.
So, airdrop of cryptocurrency gives much profit.
💵 Why should you deal with it?
Some examples of rewards
Here is a table of the last drops.
The main examples of airdrops are Arbitrum and Optimism.
There’re some simple actions which can be easily systemized and organized:
- Regular usage of protocol and bridge;
- The definite amount of transactions (the more the better);
- How old your wallet is (when you started using a protocol).
And other more complicated actions.
📊 Statistics of some projects
Arbitrum
From 625 up to 10,750 tokens per account were dropped (depending on the number of actions). A token could be sold in the range of $1,5-$3. So, it was possible to earn $1,000-$3,000 on just one account with expenses for transactions between 10-15$.
📈 Arbitrum airdrop analysis: https://dune.com/blockworks_research/arb-airdrop
Optimism
📈 Optimism airdrop analysis: https://dune.com/springzhang/optimism-airdrop-1-all-in-one
APTOS
There was no limit to the number of accounts you could do and it was possible to earn $1,200-$3,600.
SUI
SUI airdrop was given for a participation in quest through Discord. And it was a prerequisite to own a KYC account.
📌 Discord SUI members who entered the channel before February 2023 received an allocation of 1,500 tokens.
💰 People were able to buy 1,500 tokens for $45 and then sell every for $1-$1,2
Trustwallet
In 2020 Trustwallet did an airdrop. 100 TWT were gifted for a deal through Binance platform and installation of the app. No financial investments and time costs.
🔗 Read an article about this case on the Binance website.
🎯 What are the predictions for future projects?
The statistics say that airdrop is usually at least $500-600, but the average cash equivalent is $1,000.
And it’s not even all the cases. Stay with «Airdrop Factory» to dive deeper into this topic!
❗Imagine your bank is $10,000 and you want to make investments
Predictions with a $10,000 balance and ~200 crypto wallets:
- Statistically, If even one of the projects gives drop, you can multiply investments. In the worst situation, half of the wallets will get at least $500, and this will return your bank with a multiplier of 3-4.
- A chance to lose everything is very low. As we told earlier, you need to get an airdrop from one project. In such a case the smallest percentage of wallets that received at least $500 is 10% (20 of 200).
💰 The most profitable way to get extra money is to diversify your investments by participating in different airdrop events. What is more, with a help of systemisation and automation users can save their time and resources.
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