In May, I didn't earn 1 million, and instead lost quite a bit in the secondary market. I'm a bit disappointed, but I've learned a lot by focusing most of my efforts on the project. Today, let's talk about the airdrop sector.

I can clearly say one thing here: the era of mindless airdropping has long ended.

Currently, airdrop forms can generally be divided into three types:

The first type is asset-holding airdrops, such as @humafinance.

These types of projects are usually DeFi protocols. What they want is not users, but TVL. Dividing airdrops based on asset scale is a rational choice suitable for large holders.

The second type is interaction-based projects, such as Defiapp.

Defiapp's vision is to be the Tonghuashun of Web3. For them, it doesn't matter how large the assets are; real users are the key, so they will find ways to acquire real users.

The third type is task-based, such as public chains.

These projects do not directly face users; there is a layer of project parties in between. However, they need users to promote them. After all, who doesn't want free benefits?

Therefore, they use various tasks and games to attract users to participate in promotion. In contrast, they care the least about asset scale. Users need to invest a large amount of time and a bit of capital, suitable for beginners.

It is important to know that using tokens with equity-like attributes for marketing is unique to this circle.

There are certainly benefits, as it can deeply bind with users.

But the downsides are also very obvious: there are only so many tokens, and if the rhythm is not well controlled, projects can easily fail.

Among this, a type of person has emerged — those who participate in project activities in bulk, aiming to maximize profits.

They are the true embodiment of the game between project parties and users.

Now in this market, project parties have also realized:

Even if they distribute a large amount of airdrops, reward users after a high open on Binance or Upbit, they still cannot attract truly loyal users.

Once prices drop, it instead attracts a wave of criticism, and in the end, it’s still chaos.

Therefore, later on:

More and more project parties will choose to open lower and control the market after going public, such as @solayer_labs and $WCT;

Models that combine operational rhythm and market value management will also increase, such as Huma;

And projects with high openings and low circulation are likely just capital cash-out schemes.

The dividends of this market have long passed, and the game between parties is ongoing at all times.

No matter if you are a secondary trader, an airdrop seeker, or a blockchain player, only the strong can survive.

If you still want to earn mindlessly in this market and cannot take responsibility for your actions,

then it’s better to find a third or fourth tier city to relax and watch short videos. Being content and happy is more suitable for you.