Let's talk about the most basic things in the coin circle. Many coin traders have not understood what I am talking about (this is real stuff, and this thing sells for 20,000 online), I categorize the coin circle into three factions: 90% coin traders, 9% defi dividend parties (mining is also included here), and 1%毛党. In my view, the coin circle can be considered as an institutional joint dividend party, 毛党 cutting coin traders.
If you enter the coin trading party with 5000 yuan, you might lose it all after just 10 minutes of experiencing contracts. If you enter the dividend party, your money is not enough, so what to choose?
Don't hesitate, join the毛党 immediately. Essentially, the毛党 is not in the same league as coin traders, they are just in the same circle in the coin world.
First, understand what web3毛 means. In the coin circle, centralized exchanges are the secondary market (okx Binance), while all tokens that are not listed on centralized exchanges trade only on dex (decentralized exchanges). These are all primary markets. So what is 毛? The formal name for毛 is airdrop, which refers to those legitimate financing projects that are not yet listed and are under construction. We are the zero-level market!
Here is another common sense: what is a legitimate financing project? Because in the coin circle, you can issue a token by copying a line of code in 5 minutes, and then trade it on a dex. This is what the coin circle calls土狗 projects, also jokingly referred to as group friends' entrepreneurship.
For legitimate projects, where does the project funding come from? The project party cannot fund it themselves, so they need to go to institutional investors like VC to deceive for financing. They can't just speak empty words to cheat, right? So they need data to prove to investors, 'Look, my project has traffic xxx, popularity xxx, on-chain data xxx, investing xxx million is definitely not a loss.'
So where does the project's data come from?
This is the essence of毛, being a black slave for the project party (we jokingly call ourselves web3 black slaves). As long as the project party gives a task, we can even die in front of the computer to meet the requirements. Once you provide the data needed by the project party, they can raise funds from VC.
So how to realize it? You have to know that the ultimate goal of the project party is definitely to make money. How do projects in the coin circle ultimately make money? That is to issue tokens, which are the tokens you see now such as eth bnb ht dydx arb hot op, etc. When a project is about to issue coins, it takes snapshots of all the on-chain data related to this project and then distributes 'salaries' to the wallet addresses that participated based on this data. In this sense, airdrop = salary, it means the project is about to go public, and pays the people (here referring to your wallet, one wallet equals one employee) who worked on this project. In reality, it is RMB, and here it is the project tokens you participated in (generally, the shares of VC and the project party are locked for a period of time, so the tokens in your hand are the first part to circulate).
The project's data comes from financing, and the VC gets the original shares (token shares), you received airdrop rewards, a win-win situation, so who lost?
We must understand that for legitimate projects, they must be able to trade on centralized exchanges.
So did you get it right? It is the participants in the secondary market! In the end, it is still the coin traders who take over everything.
Knowing what毛 is, what problem did you discover from what you saw above?
The answer is that the毛党 does not trade coins! At most, they will buy spot.
As long as you do not trade coins and do not open contracts, you have already outperformed 90% of people in the coin circle.
Because there is a certain threshold to enter this field, but it does not require too much capital, so generally not many people will take you into the industry. There are many people who want to be scammed.
Now let's talk about the advantages and disadvantages of 毛.
Advantages
1. Small investment.
Not much capital is needed. Interactions are divided into test projects and mainnet projects. For test projects, the project party will provide you with a channel to receive test tokens; for mainnet projects, you only need to pay gas, which is the on-chain gasoline fee.
2. Amazing returns
You might say that a salary of 3000 is not impressive, but remember, in the coin circle, one wallet equals one person. You are the web3 contractor. Don't have money or time? Open 100 wallets!
3. Time freedom
24 hours a day, as long as the project party has not announced the snapshot, you can choose when to start working on data, being your own boss.
4. Examples. Let me list a few recent airdrops to motivate you. 1u=1 dollar
arkm one account 3000u–12000u (this airdrop was too rushed, causing many people to miss it)
arb one account 1500u–3000u basically has 10 accounts per person
op one account 1500u-3000u
sui one account 1500u
These are all projects from this year, and there are many more that I have forgotten.
Disadvantages
1. Long working hours
There are countless projects in the coin circle. From filtering projects to deciding to follow them, and then starting accounts to do their tasks (which means brushing their data), it might take all day from morning to night, repeating interactions every day.
2. Long project time
A project may take 2–3 years from appearing on Twitter to issuing tokens. During this period, it will not give you any rewards; that is to say, during this time, you have no income from this project.
3. Project risks
If you follow a project for too long, it is possible that its competitors have already launched, and the project you are following is still under construction, so the time and gas you invested may be wasted, resulting in a total loss. Therefore, choosing the right project is the most important.