Sirwin
Sirwin

Where's All This Money Coming From? Who is behind JUP, TIA, and Other Tokens Given To Early Users?

By Cryptofab | Cointune | 2 Feb 2024


I've been on this wild ride discovering free money through airdrops, especially with projects like JUP, PYTH and TIA. So, you might be wondering, where's all this cash coming from?

As I dug deeper, I found that it often stems from a combination of venture capital (VC) funding and strategic token distribution. VC funding injects capital into these projects, allowing them to develop and grow. To create buzz and build a community, they use airdrops – giving away free tokens.

Airdrops serve as a unique marketing tactic. By distributing tokens to a wide audience, projects aim to attract attention and foster early adoption. It's like a way of saying, "Hey, join us on this journey, and here's a piece of our project to get you started."

So, in a nutshell, the free money comes from the backing of investors and the belief that these projects will flourish. It's a symbiotic relationship – early adopters get a piece of the pie, and projects get the exposure they need. It may seem a bit unconventional, but it's a fascinating intersection of community building, fundraising, and the evolving landscape of decentralized finance.

Note: Be cautious with any post promising an airdrop and asking you to click on a link. Only visit official websites and official links. Check their legitimacy by following verified X accounts.

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Cryptofab
Cryptofab

Studying Bitcoin, Alts & Arts.


Cointune
Cointune

Crypto, DeFi and passive income.

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