1. PixelPlaygroundHome
  2. Blockchain Briefs

What does the split airdrop mean in the cryptocurrency circle? Can a cryptocurrency airdrop make money?

• Blockchain Briefs • 82 views

What does the split airdrop mean in the cryptocurrency circle? In the 2017 DeFi

What does the split airdrop mean in the cryptocurrency circle? Can a cryptocurrency airdrop make money?

What does the split airdrop mean in the cryptocurrency circle? In the 2017 DeFi bull market, some people distributed their tokens to other project teams. They would upgrade or remake the codes of these projects and airdrop them to their preferred users. However, the inconsistency of their codes resulted in inconsistent eligibility for airdrops.

Therefore, some users proposed a plan to claim airdrops using new coins like YFI and SNX. This plan is designed to allow early participants to receive airdrops. So, someone came up with an idea called “White” (the concept of a partner with millions of people), which means “White” can exchange the originally provided benefits from existing airdrop plans to earn additional profits. This means that new and old players can exchange rewards in different ways. This method is equivalent to “White” receiving the same amount of airdrop at the same time. “White” can also choose to separate all the tokens they hold and exchange them based on their wallet addresses. If you want to become the next airdrop platform, “White” can directly buy the corresponding tokens. In this way, even if you don’t have money, you still cannot receive all the airdrops.

Can cryptocurrency airdrops make money?

According to coindesk’s report, airdrops have brought a lot of new information to investors and project teams in recent months.

In this article, we will analyze the ways to make money from cryptocurrency airdrops and how to use this information to earn profits. Why do we need airdrops?

First, let’s look at the reasons why airdrops can be profitable. If users choose their interested projects as tokens for airdrops, they may obtain a higher return on investment (such as if you have already invested in tokens of a certain project), or at least some users regarded as participants in the airdrop receive a certain amount of airdrop reward. If users want to get more projects through airdrops, they don’t need to pay fees, but only need to participate in activities or claim airdrops by paying. Next, let’s see how much money airdrops can generate.

From the current data, “airdrop” is actually “sending red packets” or “lottery”, which is a way to advertise to people who want to buy tokens and attract them to click and grab money. Of course, this is just a simple marketing tactic, but for ordinary users, it is not a method to sell their tokens and then send airdrops to others to let everyone know whether they agree with and believe in the project.

However, if someone really believes in the airdrop function of a project, can it become a new profit channel?

The answer is simple. If you are willing to spend time buying tokens of a project, you can get them for free. As long as you are willing, you can also use your tokens to conduct small airdrops.

Therefore, I recommend you to pay attention to airdrop platforms in order to quickly understand their products and future development.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/24231/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/16/2023 05:02
Next 08/16/2023 05:24

Recommended articles