During the bear market, crypto airdrops made generational wealth for millions of users.
Will this meta continue to generate money?
Let's dive deeper
Will this meta continue to generate money?
Let's dive deeper
In 2024 crypto projects gave $4B to their users. That's more than half of the best year - in 2022 projects allocated $7.56B
Only Jupiter, Starknet, and Notcoin each distributed $1B in their tokens.
Looking at the full picture, the web3 made airdrops for $34B.
And that made some people millionaires
Only Jupiter, Starknet, and Notcoin each distributed $1B in their tokens.
Looking at the full picture, the web3 made airdrops for $34B.
And that made some people millionaires
According to some Twitter and Telegram posts, people were able to earn:
• $1,000 on Notcoin(being fully active)
• $1,000 on Aptos(just by minting 1 NFT, took 10 seconds)
• $2,500 on Uniswap
• $3,000 on Wormhole
• $5,000 on Arbitrum
• $5,000 on Pacmoon
• $1,000 on Notcoin(being fully active)
• $1,000 on Aptos(just by minting 1 NFT, took 10 seconds)
• $2,500 on Uniswap
• $3,000 on Wormhole
• $5,000 on Arbitrum
• $5,000 on Pacmoon
That took around 10 hours to focus on.
And generated over $17k 👀
Or even more
A good bank to start building generational wealth.
Possible to open a business or reinvest in the crypto.
And generated over $17k 👀
Or even more
A good bank to start building generational wealth.
Possible to open a business or reinvest in the crypto.
But recently people started to criticize airdrops.
The new ones are not the same as they were.
• Taiko gave $0 to their testers, only to developers and GitHub members
• ZkSync had really strict rules, so not everyone was eligible
• Sei users got $100-$300 for being active for a year
• People have been waiting for some airdrops for over 2 years
That all kills the vibe of people. And makes them angry about getting less than $1k
The new ones are not the same as they were.
• Taiko gave $0 to their testers, only to developers and GitHub members
• ZkSync had really strict rules, so not everyone was eligible
• Sei users got $100-$300 for being active for a year
• People have been waiting for some airdrops for over 2 years
That all kills the vibe of people. And makes them angry about getting less than $1k
Still, it would be fine if airdrops cost $0.
But no:
• I know people who put $10,000 on Blur
• I know people who put the same amount on Layer Zero
• Some top 5% ZkSync traders got 0 on their accs
• There are people in ambassador projects who spent 2+ years and never got paid
But no:
• I know people who put $10,000 on Blur
• I know people who put the same amount on Layer Zero
• Some top 5% ZkSync traders got 0 on their accs
• There are people in ambassador projects who spent 2+ years and never got paid
That's all done to fight against bots.
But hear me out - their protection system sometimes cuts off real users.
And that generates the negativity around airdrop meta.
Plus the user base grows. The same $1b could be distributed among 100,000 users in 2022.
Right now the same pool will get 500,000 people. So making even $1,000 becomes way harder
But hear me out - their protection system sometimes cuts off real users.
And that generates the negativity around airdrop meta.
Plus the user base grows. The same $1b could be distributed among 100,000 users in 2022.
Right now the same pool will get 500,000 people. So making even $1,000 becomes way harder
But still, the future is bright. Here's what I expect in the next 6 months:
• The airdrops of top projects.
• People's expectations won't be fulfilled, so they will cause more drama
• People will leave airdrop space. The true ones will be there still
• New projects will appear
• With a smaller user base, members will get more money. That can be even $10,000 in one acc.
• The new wave of people
• Cycle repeats
• The airdrops of top projects.
• People's expectations won't be fulfilled, so they will cause more drama
• People will leave airdrop space. The true ones will be there still
• New projects will appear
• With a smaller user base, members will get more money. That can be even $10,000 in one acc.
• The new wave of people
• Cycle repeats
The airdrops are a good way to earn money.
But it requires a lot of patience. And sometimes investments.
Before staring at it, ask yourself 'Am I willing to take that risk?'. Since only the strongest will win here
But it requires a lot of patience. And sometimes investments.
Before staring at it, ask yourself 'Am I willing to take that risk?'. Since only the strongest will win here
That's the wrap
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Follow @wiseadvicesumit for more quality crypto content
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