With 5000, if you join the trading party, you may lose it all after just 10 minutes of trying contracts. If you join the dividend party, your money may not be enough. So, what to choose?
Don't hesitate to join the airdrop party immediately. Essentially, the airdrop party and the trading party are not in the same league; they are just in the same crypto space. So if you're asking about turning 5000 into 1 million by trading coins, then there won't be an answer here.
First, understand what web3 airdrops are. In the crypto space, centralized exchanges are secondary markets (OKX, Binance, Huobi, CB), while all tokens that are not listed on centralized exchanges only trade on DEX (decentralized exchanges), these are all primary markets. So what are airdrops? Airdrops are formally known as airdrops, targeting legitimate financing projects that are not yet listed and are under construction. We are in the zero-level market!
Here's another common knowledge: what is a legitimate financing project? Because in the crypto space, you can issue a token by spending 5 minutes copying a line of code and trading it on DEX. This is what is called a 'shitcoin' project in the crypto space, also humorously referred to as group friends' entrepreneurship.
For legitimate projects, they need money to build. Where does the funding come from? They certainly won't provide it themselves, so they need to persuade investors like VCs to fund them. They can't just speak empty words to deceive or ambush, 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 a safe bet.'
So how does the project team's data come about?
This is the core of airdrops: being a laborer for the project team (we jokingly call ourselves web3 laborers). As long as the project team gives a task, we will do everything we can to fulfill it. Once you provide the project team with the data they need, they can obtain funding from VCs.
So how to cash out? You should know that the ultimate goal of the project team is definitely to make money. How do projects in the crypto space ultimately make money? By issuing tokens, which are the tokens you see now like ETH, BNB, HT, DYDX, ARB, HOT, OP, etc. When a project is about to issue tokens, it takes a snapshot of all on-chain data related to the project and then distributes wages to participating wallet addresses based on that data. In this sense, airdrop = wages, it means the project is about to go public, and is settling wages for those who participated in the project (here it refers to your wallet, one wallet equals one employee). In reality, it's RMB, and here it's the project token you participated in (generally speaking, the shares of VCs and project teams are locked for a period, so the tokens in your hand are the first to circulate).
The project's data relates to financing, and the VC receives original shares (token shares), you receive airdrop rewards, a win-win situation, so who loses?
We must understand that for legitimate projects, they will definitely be able to trade on centralized exchanges.
So did you get it right? It’s the participants in the secondary market! In the end, it is still the trading party that picks up all the pieces.
Now that you know what airdrops are, from what you've seen above, what problem have you discovered?
The answer is that airdrop participants do not trade coins! At most, they will buy spot.
As long as you don't trade coins or open contracts, you are already ahead of 90% of people in the crypto space.
Because entering the airdrop space has a certain threshold, but it doesn't require too much capital, so generally, not many people will take you into the industry. There are many people who want to participate in airdrops but get scammed.
Now let's talk about the pros and cons of airdrops.
Advantages
1. Small investment.
Doesn't require much capital. Interactions are divided into test projects and mainnet projects. For test projects, the project team will give you access to claim test tokens. Mainnet projects only require gas, which is the on-chain fuel cost. Taking today's gas as an example, BNB chain is 0.02u, ZKS chain is 0.3u.
2. Incredible returns
You might say that a salary of 3000 is not that impressive, but remember, in the crypto space, one wallet equals one person. You are the web3 contractor. Don't have money or time? Create 100 wallets!
3. Time freedom
There are 24 hours in a day, as long as the project team hasn't announced a snapshot, you can choose when to work and brush data, being your own boss.
4. Case. List a few recent airdrops to motivate you. 1u=1 dollar
ARKM One Account 3000u–12000u (This airdrop was too rushed, causing many to miss out.)
ARB One Account 1500u–3000u, basically 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, I forgot.
Disadvantages
1. Long working hours
There are numerous projects in the crypto space, from filtering projects to deciding to follow up, and then to creating accounts to perform tasks (which is just brushing data), it could take an entire day from morning to night, repeating interactions every day.
2. Long project duration
A project can take 2-3 years from appearing on Twitter to issuing tokens, during which it won't give you any rewards, meaning you have no income from this project during this period.
3. Project risks
If you've been following a project for too long, its competitors may have already launched while the project you're following is still under construction. This means that your time and gas investment may be wasted, resulting in a total loss. Therefore, choosing the right project is the most important.
4. Witch
If you've played games with hacks, you know you'll definitely get banned. The same goes for the airdrop space. For the project team, they hope real people will test their product. If you use 100 accounts to test it, it’s definitely a hacking behavior, but those who understand understand (dddd). The project team also knows that it’s impossible to have that many real people, but to account for all stakeholders, they have to ban a large batch of wallets that haven't been isolated, flagging real interactive wallet addresses (not actually banning wallets, but blacklisting these witch addresses so that they don't receive wages during airdrops). So you must take proper precautions against witches (you don't need to worry if you don't have 10 wallets).
A famous saying in the crypto space, last year you chose 100 wallets to interact with arb, I chose 100 wallets to interact with xx (generally referring to my own heavy investment, regretting but already on board and unable to disembark), we both have a bright future.
So make good choices.
The market has never lacked opportunities; the question is whether you can seize them. Only by working with experienced and the right people can we earn more! The team still has positions, hurry up.
SUI TURMP BONK PEPE OM SOL PNUT NEIRO
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