Yesterday, the LayerZero airdrop announcement was released. Almost everyone was dissatisfied this time. Perhaps it was because everyone was treated equally, but most of the interactive accounts only received 10-50 ZRO airdrops.
According to the ZRO off-market price of around 3u, the airdrop income of each account is 30-150 US dollars, which is not enough to cover the gas fee.
Among them, each account holding the Kanpai Pandas NFT wallet address can receive 10,000 ZRO airdrops. The community questioned whether this series of NFTs was a project insider trading. What contribution did the addresses holding NFTs make to the ecosystem?
The LayerZero airdrop is another failed investment for the Lucky Studios. Perhaps another batch of studios will face bankruptcy.
We had originally hoped that zk and L0 airdrops would help us turn things around, but now our expectations have been dashed. The time, operating costs, and interaction gas fees invested over the past few years have all gone down the drain.
The airdrops for the five most popular interactive projects compiled by players two years ago have been announced, and the benefits are getting lower and lower.
Early projects have the largest returns, and the ARB airdrop is almost a national carnival, with each interactive account basically receiving $600 in returns;
The last Layerzero has the lowest profit. No wonder players call L0 "Lu Zero". After deducting the gas fee, most people break even or even lose money, and they still invest a lot of time and energy.
If this time and financial cost is just to hold ETH, not only do you not have to waste time and gas fees on repeated interactions, but you also don’t have to continue to be PUA’d by the project and bear psychological pressure. Simply holding ETH is a win without doing anything.
Chu Xiaolian summarizes his personal experience in the five major airdrops.
When I started Arbitrum, I only created one account, did cross-chain and simple interactions, got 650 ARBs as a minimum living allowance, and sold 600u.
Starknet created an account, received 650 STRK as a minimum allowance, and sold it for 1000u; ZKsync created 4 accounts, received 4000 ZK, and sold it for 1000u;
Layerzero has only one account and no airdrop qualification. It pledged STG in the Stargate project. The price of STG fell from 0.65 at the time of purchase to 0.42, a drop of more than 35%.
SUINetwork did not interact and did not have airdrops.
These interactions cost about 1 ETH, and the interactions lasted for more than a year. In the end, I neither lost money nor made money. If I had bought and held ETH at that time, I could have enjoyed the increase without investing.
I am not focused on airdrops, nor do I create accounts in batches. My main focus is to follow and understand market hotspots. Airdrops are additional income, and if there are no airdrops, I will just regard it as understanding the cost of the project and learning.
Some group members run a hair-pulling studio, which not only has to bear the salary operating costs of team members, equipment and venue fees, but also the gas fees for continuous interaction, and the extreme situation of wallet theft.
After enduring the above conditions and making it to the moment of the airdrop, if a large number of accounts are killed by the witch, or the airdrop income cannot cover the operating costs, the investment will be wasted.
The studios suffered heavy losses from the ZK and L0 airdrops this time. Many studio addresses had zero income from the zk airdrop, and many accounts had airdrops from the L0 airdrop, but with dozens of airdrops, the income was not enough to cover the gas fees.
The road to industrialization of interactive airdrops is becoming increasingly difficult. Some early-stage interactive studios may be better in technology or account allocation settings and may continue to reap rewards, but it is becoming increasingly difficult for most studios that just recruit people to go online to make a profit.
Of course, if all the studios are hit, the expectations for interactive airdrops from real users may increase. After all, every project still welcomes real users.
The market has been volatile these days, with a significant drop. BTC has dropped more than 10 points in the past few days, and altcoins have dropped 30%;
The liquidity of the secondary market is poor. Different projects, different tracks and different platforms do not take over each other. Many projects are at their peak as soon as they go online. There are fewer and fewer builders and more and more harvesters.
Many new players don’t know how to play, and the most discussed topic is, what are you paying attention to recently?
An old player who entered the circle in 2015 said that he currently has heavy positions in BTC, ETH, UNI, BNB, SOL and TON, etc. He adopts a currency-based approach, adding positions on dips and holding for the long term.
With this mentality, rise and fall have no effect on him, of course, the premise is that there are enough chips to increase positions.
He exchanged all his interim profits from other hot spots into BTC, and all his operations were aimed at increasing the amount of BTC; he was all in the crypto market and exchanged any spare money for cryptocurrency.
Of course, this operation also requires strong enough psychological endurance and risk tolerance.
There are other group members who pay attention to the BTC ecosystem, play contracts, rush to the local dog, and generate traffic. There are only a few ways to play back and forth, but it is really difficult to thrive in the market.
Today, my friends circle made a "casual" joke to make fun of a certain player. Almost no one can do it. It's just that in hindsight, opportunities are everywhere, but very few people can accurately see and grasp them at the moment.
The crypto market will gradually enter a stage of normal development, and the situation of 100-fold and million-dollar profits in a day will become less and less common.
The industry needs co-builders. Make long-term plans, choose a track and keep working hard, and you will always reap rewards.
Good luck to everyone and find your own opportunity.
The above is just my personal opinion, not investment advice. I am Chu Xiaolian, and I am paying attention to the crypto market and web3.
