Notcoin's initial market cap: ~$955 million
DOGS' initial market cap: ~$865 million
HMSTR's initial market cap: ~$638 million
Ice's initial market cap: ~$4 million
What's the takeaway?
Ice rewarded its users more generously despite having less funding, while HMSTR, with much larger funding, gave very little. Here's why:
Ice has around 6.8 billion tokens, but only a few users mined them.
Hamster, on the other hand, was overfarmed, leading to a diluted reward pool.
Key points:
Ice was underfarmed.
Hamster was overfarmed.
If you're looking to profit from airdrops, avoid just following trending projectsâthey often get overfarmed. Instead, target genuinely underfarmed airdrops. Keep in mind that many projects gain popularity because they pay influencers, not because of intrinsic value.
