When you have been in the cryptocurrency field for a while, you must have heard of the term "airdrop" which is unique to the crypto industry. As the name suggests, airdrop refers to the distribution of free tokens or cryptocurrencies to community members who support the project and participate in the early construction of the project (airdrop participants can benefit by obtaining tokens for free). This is a common marketing strategy used by blockchain projects to increase awareness, incentivize user adoption, or reward existing token holders.
Airdrops can be divided into three types:
Blockchain Project Interactions: These airdrops are designed to encourage users to participate in a specific blockchain platform or decentralized application (dApp) — by interacting with the network.
Bounty or Loyalty Program Airdrops: These airdrops are designed to reward existing token holders or participants who have demonstrated loyalty to a particular project or ecosystem (active participation and building of the project community, etc.)
Staking: These airdrops are associated with staking, where participants lock their tokens into the network's staking mechanism to support its security and operations. In return for staking, participants may receive airdropped tokens as a form of passive income or as a way to incentivize participation in the network's consensus mechanism.
The author has noticed that since last year, most projects have preferred to adopt the "staking" method when conducting airdrop rewards. So you will find that it is becoming increasingly difficult to obtain airdrop rewards by participating in the project's testnet or mainnet, actively participating in community building, and completing project release tasks or promotion tasks. The chance of obtaining airdrops is also becoming smaller and smaller, and the number of airdrops is also decreasing (except for a few).
So far this year, we can observe that some projects with major airdrop rewards have mainly adopted staking.
The cost of these huge profits (especially if you fought the coin during the bear market) is barely worth $100 — e.g.
Staking 10 ATOMs can earn you more than $3,000 worth of TIA at current prices.
Staking 1 TIA can get DYM worth more than $1,000 at the current price;
Staking 100 OSMOs can earn more than $2,000 worth of TIA at the current price;
By staking 1 RON, you can get PIXEL worth more than $1,000 at the current price.
At this stage, more and more PoS protocols will introduce additional incentives for their stakers in the form of airdrops, depending on the operation of the protocol. Then, as the number of successful cases increases, the number of people willing to participate in staking will increase until the method becomes overcrowded.
Hype and increasing FOMO, this is an obvious trend. At the same time, I am sure that more high-quality projects with potential will adopt staking as the main way to participate in airdrops in the future (OKX and Binance have already laid out)-Binance launched the token issuance platform Megadrop, subscribe to BNB regular products or complete Web3 tasks to obtain airdrop rewards. Therefore, airdrop staking mining has become one of the hottest topics in 2024.
That being said, if you want to get the airdrop of the project through staking, you need to:
You need to understand the basic purpose of the project and the tokens staked;
Understand the number of wallets holding these tokens;
Understand the current statistics of airdrops;
......
The above criteria can help you screen out the projects with the best cost-effectiveness (staking requires principal, and you should focus on the quality of the projects rather than the quantity).
In the author’s personal opinion, for pledged airdrop projects, you can pay attention to projects built under the Cosmos ecosystem!
Previous selections:
《Solana ecosystem built by DeFi!》
《RWA Project under BlackRock and Coinbase Investment Institutions (Potential and Opportunities)!》
《Small capital, big returns, one fish, eight meals, airdrop strategy guide (Part 1)! 》
《Small Capital, Big Returns, Volume 2: Blast Ecosystem "One Fish, Many Kills" Airdrop Strategy!》
Note: All content represents the author's personal views only, is not investment advice, and should not be construed in any way as tax, accounting, legal, business, financial or regulatory advice. Before making any investment decision, you should seek independent legal and financial advice, including advice on tax consequences.
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