In fact, recently many friends have been complaining about Binance Wallet activities. They have participated in several activities and contributed gas fees, but in the end they were all refunded (bad luck). For example, Avl, WoD, LTP, which are social tasks that don’t consume much gas fees, basically the number of participants each time can be described as "overcrowded".
Regardless of whether it is investment or airdrops, as long as it is overcrowded, the rewards will eventually be evenly distributed to almost nothing or the probability of winning is extremely low.
Let’s not rush to curse, let’s review what happened first. Binance announced the redesign of Binance Wallet in December, and then for us, there is a big thing to announce - Binance Wallet will become the largest airdrop platform!
As soon as this slogan came out, a 5 million airdrop plan was immediately announced, followed by a sharp increase in the number of airdrop participants. Although there were more airdrop activities, compared with the increase in the number of people making money, the airdrops seemed insignificant, and the rewards distributed by the airdrops became more and more limited.
Here is a most intuitive example to illustrate. The first picture above is after the wallet was revised (all because of bad luck), and the one below is before the wallet was revised. Although there are fewer activities, the rewards are really a lot.
In fact, as the number of Binance Wallet users gradually increases, it can be foreseen that Binance Wallet activities are also developing in the following three directions:
1. Simple interactive type
This type actually includes WoD, LTP, Plume, and the airdrop activities brought by Story which has just been launched. Most of them are simple interactions that have not yet been launched and are non-staking types.
Interaction methods: social likes, retweets, simple swaps, testnet interactions
Suitable for people: Newbies who are new to web3 and have a small amount of capital
Cost investment: Almost 0
Activity income: about 1u (on average), may be lower as the number of participants increases
What about this kind? Actually, we are all good at this. Whether you are a novice or an expert, you can participate. Because in the long run, it is profitable. Even if you don't win, you won't lose. What if your time is precious? Then forget about this kind of activity, the effect is very small.
2. Complex Interaction
Bitlayer has been a complex interactive platform in the past few weeks. Each task involves interacting with several dapps, including Owlto and BOB.
Interaction methods: social likes, retweets, pledges, contract transactions
Suitable for people who have a certain amount of capital and have been exposed to web3 for less than half a year
Cost investment: Medium (10~50u)
Activity income: 10~35u, may become lower as the number of participants increases
The complex interactive type has a certain threshold, and the interaction becomes more difficult, so relatively speaking, the number of participants is a little less, and the reward will be greater. This proves the saying: The bigger the wind and waves, the more expensive the fish! I have introduced the market in an article, and brothers can take a look at the one I talked about staking.
As for the number of participants, brothers, in fact, you can't just look at the number of participants shown in the Binance wallet, you should look at how many people interact with the contract of this project. This is the actual number of participants. You see, the number of participants in the METIS wallet is almost 100,000, but the number of participants in the contract is actually only 20,000.
3. Staking Interaction
The pledge interaction type is also the financial management type. For example, the berastone and berabtc that Bera deposited some time ago are all pledge activities, which often have higher rewards, but also the highest risks.
Interaction method: Staking and locking
Suitable for people: those with a certain amount of principal, and the individual activity reward yield (BTC staking) is suitable for large investors to participate
Cost investment: relatively high (15~1000u)
Activity income: 30~100u, may become lower as the number of participants increases
In fact, the biggest fear of staking is a market decline. The threshold for participation is very high, and it often requires an investment of more than $100, so the number of participants is small, and the losses caused by a market decline may exceed the distributed rewards (looking at you! METIS!).
4. LunchPad Token Presale
Of course, the most profitable one should be discussed last. The LunchPad token presale is Su Ge’s favorite among these. There are two ways in total. One is to grab it, such as $Bid, and the other is the ongoing myshell token presale.
Interaction method: The faster you grab the more you earn / the larger the stake, the larger the share
Suitable for people: The first type is suitable for those who are quick and squat to grab, and the second type is suitable for big players
Cost investment: Less
Activity income: The first type is to make a profit if you grab it, and it is a big profit; the second type is a small profit
Just participate without any brainer, no matter whether it is the first or the second type!
Well, that’s all for the Binance Wallet event. If you have any questions during the participation, please feel free to ask in my comment section. If you find it useful, please like and follow me. I will share the most reliable airdrop tutorials here every day😄!
