Speaking of airdrops, the ARB project in March 2023 is definitely one of the most shocking. That day, a message came from my circle of friends - ARB airdrop is coming, and I checked it out, and the result is amazing! 🤯
Almost as long as you have interacted with the address a few times, you can easily get generous airdrop rewards. The airdrop amount ranges from 700 to 800 US dollars to tens of thousands of US dollars. The rules are so simple that it makes people feel as easy as picking up money. It really is, getting tens of thousands of US dollars is as easy as taking something out of your pocket! 💰
As a result, the WeChat Moments were flooded with all kinds of "get rich quick myths", and many "scientists" were frantically showing off their achievements. Some people had hundreds or even thousands of accounts, and they reaped a lot of rewards. During that time, everyone was full of expectations and confidence in the airdrop track.
Do you think this is the climax? Not really! Bigger surprises are yet to come - the addresses that have received ARB airdrops will continue to receive airdrops from various local projects. As long as you connect your wallet, you can receive a lot of airdrops every day, even more than the official ARB airdrops. 🎉
Here we must mention Aidoge, the initiator of this wave of crazy airdrops of "Tugou". In April 2023, just after the official airdrop of ARB ended, Aidoge came out and airdropped to all those who received ARB. At that time, the Aidoge everyone got was worth only a few US dollars, but within a few days, it actually rose to hundreds of US dollars, and even at its peak, a single account could be worth 1,000 US dollars! 🎈
This made all those who received ARB feel the rich rewards again. Aidoge's popularity even surpassed PEPE in the same period. With the enthusiastic pursuit of fans, it was the first to log in to the OKX exchange. Many people firmly believe that Aidoge will become the next SHIB, and the $1,000 airdrop in their hands will soon become $100,000. 💥
However, the turning point of the story soon came. The Aidoge team began to take some new actions. They announced the launch of a destruction mechanism to reduce the total amount of Aidoge, achieve deflation, and thus increase the value of the token. In order to encourage users to operate on the chain, they launched a second token-Aicode. Users can obtain Aicode by burning or staking Aidoge. The more they destroy, the more Aicode they get. 🔥
Logically, there is no problem in burning old tokens in exchange for new tokens, but the reality is that Aicode is issuing unlimited tokens every day, which leads to unlimited inflation and the value of tokens is diluted crazily. 💸
In order to attract more people to hold Aicode, the team announced that staking Aicode can get ARB rewards, and promoted that holding Aicode can also be exchanged for a third token - Aido, which is an NFT. Aido is related to games, and holding Aido can also get AIFI (game token) rewards. 🕹️
It's like a nesting doll game: pledge and destroy Aidoge to get Aicode, then exchange Aicode for Aido, and hold Aido to get AIFI. Although this "nesting doll" concept was very popular at first and did drive up the price of Aidoge, the fate of Aicode is not so optimistic. Because it is issued in large quantities every day, the price of one Aicode was as high as 200 US dollars at the opening, but it quickly fell all the way and eventually fell to 0.6 US dollars. Those who took over can only describe it as losing all their money. 💔
Seeing this situation, the team said that they would feed back the funds of Aido to Aicode holders. However, when they launched Aido, the price of a single NFT was as high as 800 US dollars! 😱 Who would buy such an expensive NFT? Although the price finally dropped to 150 US dollars, only nearly 10,000 pieces were sold. However, the price of Aicode still did not improve. 📉
After seeing this series of operations, I decisively cleared out my Aidoge holdings and never paid attention to this project again. 🤷♂️
Looking back, if the team can focus on the Aidoge token from beginning to end, its prospects are still very promising. However, if there are four or five dolls in a row, and each doll is digested internally, once one of them has a problem, the other dolls will find it difficult to stand firm. 💔
In general, Aidoge is a landmark project, and it is not easy for it to create a wave of enthusiasm. 🌊