Notcoin’s initial market capitalization stood at approximately $955 million. Similarly, DOGS began with an initial market cap of about $865 million, while HMSTR's initial market cap reached around $638 million. In comparison, Ice’s market cap at launch was significantly smaller, at only around $4 million.
👉Key Takeaways from This Data:
Despite having more funds at its disposal, HMSTR distributed fewer rewards to its users compared to Ice, which was more generous despite its limited initial market cap. Here's why:
👉Ice's Token Distribution:
Ice launched with a supply of around 6.8 billion tokens. However, the project did not attract as many miners or users as expected. As a result, the mining activity was relatively low, leading to fewer tokens being mined.
👉HMSTR's Overfarming:
In contrast, HMSTR saw a large number of participants actively farming the token. This heavy farming activity diluted the rewards, making it difficult for any individual user to earn a significant portion of the available tokens.
👉Key Points to Understand:
Ice was underfarmed:
With fewer participants mining the token, Ice's users benefited from higher rewards due to the scarcity of competition.
HMSTR was overfarmed:
Because so many users were farming HMSTR tokens, individual rewards were smaller, leading to lower gains for participants.
👉strategic Insight for Airdrop Investors:
When it comes to making money from airdrops, it's crucial to recognize that trending projects often attract a large number of users, leading to overfarming.These are projects that haven't yet gained mass attention, meaning fewer people are competing for the same rewards,increasing the chances of higher payouts for early participants.
Beware of Influencer-Promoted Projects:
It's also important to note that many of the projects that become popular do so because they pay influencers to promote them. While these projects may seem attractive due to their hype.#BinanceLaunchpoolHMSTR
