What is a reliable airdrop? How to determine if a project is worth pursuing? 🤔 Today, Master Xia generously shares all his experiences in judging whether a project or airdrop is worth pursuing.
1- Financing Amount 🤑
First of all, it's the financing amount. The amount of financing determines the value of the airdrop. I don't touch projects with financing under 5 million; either the project is too early and will take a long time, or the team is relatively poor (be cautious with domestic teams).
2- Investment Institutions 🦅
If the investment institutions include Binance and OKX, then during the token TGE, there is a high probability that exchanges (not necessarily Binance and OKX, but possibly other smaller exchanges) will take on the token, making it easier to sell for profit.
3- Project and Interaction Types 🧐
Staking Airdrop: Previously, this was a game for big players, but with Puffer issuing an airdrop, now even small retail investors can participate. It's advisable to join when gas fees and token prices are relatively low, so that one can benefit from the price increase and also receive the airdrop.
Trading Airdrop: Unless the project background is particularly strong, it is generally not recommended to engage in this. You might spend half a day trading, but the airdrop you receive is the same as your losses, making it not worth it.
DeFi Airdrop: Not recommended, as DeFi has no significant benefits anymore and there is a risk of being hacked.
Testnet Airdrop: Not recommended, as it is too time-consuming, and the project party may act unreasonably, except for high-financing projects like Bear Chain or Story.
Check-in Airdrop: This can be done if it cooperates with a wallet; if there is no endorsement, it is not recommended.
Teaching someone to fish is better than giving them fish. Like and follow to learn more about airdrop knowledge and gradually become wealthy with me.
So, what airdrops have you participated in?