Why I’m collecting candies from CoinGecko again?

By cryotosensei | CryptoSensei | 14 Dec 2022


Every CoinGecko user faces a dilemma: to continue collecting Candies or not? If you are not in the know, this app yields you candies every time you log in. It looks like this.

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I dutifully collected the candies to redeem them for some in-house crypto-related publications. Not too bad a read, actually. Then, I stopped because there was a dearth of rewards, so I wasn’t motivated to continue my accumulation quest.

My inertia changed overnight when CoinGecko announced that it would launch an airdrop - Access Protocol Airdrop - next January. It so happened that I had 800 candies in my wallet, so I exchanged them for 250 ACS.

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To receive this airdrop, it seemed that I had to register my Solana address since the tokens would be distributed on the Solana blockchain. 

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I would be honest. It doesn’t seem that the $ACS tokens would be worth anything since we would not be able to transfer this ACS airdrop and have to stake them in CoinGecko’s pool. Here are the terms and conditions:

"$ACS received from this airdrop will be non-transferable and instantly staked in CoinGecko’s pool, granting access to Gecko Ramblings newsletter. Users will be able to redeem and transfer rewards generated through staking"

A screenshot of the introductory note written on the Google form issued out by CoinGecko for your perusal.

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Well, now I’m collecting candies every day so that I can get hold of more $ACS. Who knows if these tokens might be worth something in the future?

 

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cryotosensei
cryotosensei

budding investor


CryptoSensei
CryptoSensei

chronicles of an English teacher

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