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Are Airdrops Dead?!? How to Airdrop Farm Profitably in Summer 2024

#Airdrop Farming
2024-12-13 09:076 min read

Content Introduction

In this video, the speaker addresses the question of whether airdrops are still viable in the current crypto market, indicating that while the era of mass farming may be diminishing, airdrops are not dead. They discuss the impact of significant figures in the crypto world, such as Kobe, who have suggested founders reconsider doing airdrops due to potential downsides. The speaker emphasizes that it is vital to engage with growing protocols that provide genuine opportunities, rather than focusing solely on popular airdrops that may yield diminishing returns. The discussion extends to identifying potential projects with strong user growth and momentum, suggesting strategies for participating in the evolving landscape of crypto airdrops, including tracking relevant protocols and taking calculated risks in investment.

Key Information

  • The video discusses whether airdrops are dead in today's crypto landscape, highlighting that while mass farming may be declining, there are still profitable opportunities.
  • Recent comments from influential figures suggest that the downsides of airdrops outweigh the benefits, prompting other founders to reconsider their approach.
  • Examples of recent airdrops, such as Layer Zero's airdrop, have shown mixed results regarding profitability and user engagement.
  • The video emphasizes the importance of researching and targeting protocols that are growing in importance while not yet saturated with users to maximize airdrop farming potential.

Timeline Analysis

Content Keywords

Airdrops

Despite some opinions suggesting that airdrops are dying, the video discusses their survivability and how to profitably farm them, emphasizing the importance of understanding the current market dynamics.

Cryptocurrency Twitter

The video references a notable tweet by Kobe, a significant crypto influencer, who suggested founders should rethink their approach to airdrops due to diminishing returns and increasing downsides.

Layer Zero

The Layer Zero airdrop is highlighted as one of the most anticipated airdrops, but it did not meet high-profit expectations, indicating the changing profitability landscape of airdrops.

Defi Ecosystem

The discussion touches on ecosystems like ton and base, which showcase growth and opportunities, as well as protocols that present airdrop farming potential due to their promising trajectories.

Investment Strategies

The video advises on the need for a strategic approach towards investing in protocols and airdrop farming, suggesting to focus on newer, growing protocols rather than heavily farmed ones.

Airdrop Tracking

The creator offers tools and methods for tracking forthcoming airdrops, providing resources to help viewers make informed decisions in their crypto investments and farming strategies.

Related questions&answers

Are airdrops dead?

No, airdrops are not dead, but the era of mass farming for airdrops is likely coming to a close.

What prompted the discussion about airdrops?

A major crypto Twitter account posted that founders should consider not doing airdrops due to the downsides outweighing the upsides.

How can one still profitably farm airdrops?

You can still find and farm airdrops by focusing on protocols that are growing and have strong user bases, and by being selective about the ones you choose to participate in.

What should you look for when selecting airdrop opportunities?

Look for protocols that are showing growth momentum but are still relatively small and haven’t launched tokens yet.

What are some potential chains to explore for airdrop farming?

Chains such as TON, Bitcoin DeFi applications, and protocols on Ethereum layer two solutions are potential areas to explore.

How to gauge the potential success of an airdrop?

Evaluate whether the protocol has gained traction recently, its user base growth, and its overall market activity.

What is important to track while farming airdrops?

It's important to track the performance of the protocols, participation thresholds, and the ecosystem's overall momentum.

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