The Good, the Bad, and the Ugly:
...my tips and notes.
THE GOOD:
• Free tokens! Who doesn’t love free stuff?
• It’s a chance to discover promising projects early. Remember Uniswap’s legendary airdrop? Early adopters got tokens worth thousands of dollars.
• They’re often no-risk—you’re just getting extra tokens without spending a dime.
THE BAD:
• Some airdrops are worthless. You might get tokens that never go anywhere, like receiving Monopoly money.
• Gas fees can eat into your profits if the tokens are on networks like Ethereum.
THE UGLY:
• Scams. Not all airdrops are friendly. Fake airdrops might ask for your private key (NEVER share this) or trick you into connecting to shady wallets. Stay sharp.
• Tax headaches. In many countries, airdrops are considered taxable income. Yep, even if the tokens are worthless.
DYOR is ultimately Key for any sucessfull investment 🫠