Airdrop

Airdrop isn't free money

By Ticktalker | ticktalker'sblog | 8 Nov 2023


Airdrops are one of the biggest buzzword in cryptocurrency industry, especially as everyone is trying to get ready for the next bull season.

f4749bddb1a9ba510e4375ae9b91755d8e95bc59fbf824a66665c4337ee88e0c.jpg

Many people now want to leverage on the testimonies of early comers in cryptocurrency who made quite a fortune from just farming airdrops. Some of those early comers made enough to get them a Lambo, a house, exotic life. 

 

These testimonies have birthed a new wave of belief system that is making many people see airdrops as free money. But is that what it actually is?

 

Airdrop is a reward mechanism for early adopters of a platform, it is also a way ecosystem rewards their most active users or people with high transactions when a new protocol is launched on it.

Some of the airdrops which have rewarded people the most did so because they had a good TVL and the project wasn't based on hopium.

Most projects launching presently are largely based on hopium and very little backing but people farm them with all energy regardless and at the end it looks like a fruitless endeavor.

For this reasons, people get rewarded differently for farming these airdrops and most times some people don't get rewarded at all.

 

Farming airdrops most times goes beyond interaction with the testnet, you may need to drop a review of the test and your address together to get rewarded. And for layer one Blockchain you sometimes need a large volume of transactions to qualify.

Hope you learnt something today, I am ticktalker and I always post crypto/educative contents.

Making each day count in the world of crypto is crucial for success. Plan, research, and learn to stay ahead. Keep pushing, legends! 💪💯

Please whatever is written in the article above is for educative purposes only. I am not a financial advisor 

Be sure to follow me and turn on the notification, to see more of my articles.

How do you rate this article?

9


Ticktalker
Ticktalker Verified Member

I am a comic relief content creator and web3 enthusiast, I write contents to share things I learn and research about.


ticktalker'sblog
ticktalker'sblog

Welcome to my blog fam, where I talk about everything web3, be it crypto, degen, defi and NFTs. Keep in mind that I am also a comic relief artist so you can always tune in here to relieve yourself of whatever stress web3 is putting on you through my contents.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.