The dogs airdrop will be launched in the next two days, and all players who have registered a telegram account are eligible to receive the airdrop.
Initially, all tg accounts can check the airdrop points after logging in, and can also get more points by inviting others, completing tasks, signing in, etc. The points correspond to the number of dogs airdrops.
Chuxiaolian invited some friends, bound their wallets, did not sign in or do any tasks, and received 29,000 dogs, which he sold for 25u;
A group member registered a tg account for 2 months. He logged in for the first time and got more than 800 points. He did not invite anyone else. After binding his wallet, he signed in and completed tasks and obtained more than 15,000 dogs.
Another group member bought 40 tg accounts, each account received 40,000 dogs, a total of 160 dogs, which were sold for 1,600u. After deducting costs and gas fees, the average zero-cost profit for each account was $35.
There are other group members running scripts and creating thousands of accounts. On average, each account received more than 30,000 dogs. I wonder if they successfully withdrew the money in the end, or if they were witched?
Judging from the data on the dogs chain, the number of addresses holding coins is increasing. Currently, the number of addresses holding coins is 346,234, which is a large number.
Gogs cannot be transferred directly to the exchange at present. They need to be transferred to the TON ecological wallet first and then transferred to the platform for sale. More than 120 billion dogs have been transferred to the Binance chain address, accounting for 23%, which is really an infinite number.
If you create tg accounts in batches, each account will receive a 35u airdrop. Compared with the airdrops on the Ethereum chain, which are hundreds or thousands of dollars, it is indeed a drop in the bucket.
However, with the changes in market hotspots, the airdrop returns are getting lower and lower. After the ZRO airdrop, some single account airdrop returns are only 10 US dollars, not including the gas fees and time invested.
As the second meme to go viral in the TON ecosystem, it has enough consensus and its tokens are decentralized enough to have a chance to take off. However, the overall liquidity of the cryptocurrency market is currently poor, and it is also affected by the news of the arrest of the founder of TON. Dogs has not yet formed a momentum to continue to go viral.
Recently, the gas fee on the Ethereum chain is around 1 gwei. Compared with the gas fees of hundreds of gwei when NFT was popular in 2022, there is a world of difference.
The current price of ETH is $2,700, and the price fluctuation is not obvious, nor is there much increase;
Compared with other public chains such as BNB, SOL, TON, etc., ETH lacks stamina and popularity, and many gameplays have been transferred to other public chains. Wherever there is a new meme, the chain will be active.
The gas fee on the BTC chain is also around 6 satoshis, which is much cheaper than the gas fee of several hundred satoshis when inscriptions and runes were popular before.
There are no more hot spots on the chain, and the crypto market has been put on pause.
The small group for airdrops is becoming increasingly quiet.
Every time an airdrop was launched, it attracted a large number of players to interact with the airdrop. This time with the dogs airdrop, there were more tg links shared in the group.
The market is not lively, the airdrop front is getting longer and longer, and the returns are getting lower and lower.
Those who can stay either have enough food to survive the winter, or the investment costs are too high and they cannot leave, or they are true fans who work diligently and find opportunities in the interactive market.
This dogs airdrop will only affect a few people, with limited benefits, and memes are only popular for a short time. Once they fall, it will be difficult to go back up again. The market tends to get tired of the old and love the new.
The crypto market is cyclical. Sometimes it rises sharply and attracts a large number of onlookers, and sometimes it falls to the sky and the market is dead silent. Although the BTC price remains at more than US$63,000, it has not attracted more new users.
The community is inactive, VCs are defending their rights, project owners are running away, exchanges are collapsing, etc. The bear market is coming.
Contract players cannot make money, memes are not that easy to play, airdrop returns are as low as 1u, many people have left the market, it is not easy to make money in the crypto market, and there are more and more micro-businesses in the circle of friends.
Any market is affected by the global environment. Each of us is going through the most difficult time. Let us hold on together and welcome the dawn.
The above is just my personal opinion, not investment advice. I am Chuxiaolian, and I am paying attention to the crypto market and web3.
