Post
Topic
Board Speculation (Altcoins)
Re: How to avoid a third strike missing out on valuable DeFi free token airdrops!
by
Cryptodaddy05
on 05/01/2021, 03:40:40 UTC
Thanks for list though but when comparing all these upcoming exchange airdrops to that Uniswap and even 1inch, a big difference is spotted, first they didn't announced it hence allowing them the ample opportunity to reward those who put in their best, but for some that already announcing it, the end results would be more traders for the sake of the airdrop and lesser reward. Also, it could be those exchanges are looking for a way to boost their trading volume and this airdrop scenario has offered them that, but another question is, are they really reputable exchanges like their counterparts and will they deliver as anticipated. Nevertheless, no harm in trying but let's endeavour to make sure it is worth it.

Thank you for your reply. I would point out that like UniSwap and 1Inch before their airdrops none of these 8 dApps/DEXs/protocols have announced or even officially discussed that they will actually be doing a drop of new tokens, but that they haven’t ruled it out either like other interesting DeFi protocols such as TokenSwaps have! And again given the popularity and publicity that UNISwap and 1Inch got from their big airdrops of new tokens l, and from the resulting big increases in liquidity pools they both got that make their decentralised exchanges work better as people staked the new UNI and 1Inch tokens with ETH or stable coins with them for the big APY’s on offer (1Inch is currently giving an APY of 350% for 1Inch/USDT LP and 250% for 1Inch/USDC LP) that it’s likely most other DEX’s and dApp protocols w/o a token will be working now on introducing one that they will also drop to their users before offering big APY’s for liquidity that increases their standing on DeFi Pulse - as well as also then having a way for user governance for their decentralised projects. It’s likely I think that many other established DeFi projects w/o a token introducing one and dropping it to users to stake or hodl or sell will become something of a big fad/craze/trend in Q1/Q2 2021, until the “novelty” value of doing that wears off I guess and it becomes standard practice and not something that’s particularly noteworthy or newsworthy like it is now!

And I would also note that the 8 DeFi protocols w/o a token that I listed in the OP are established up and coming decentralised projects that as far as I could tell don’t have any red flags 🚩 for being dodgy, and that to me would offer the best potential value if they do suddenly drop a new token to users in the next 6 months as seems likely!  And you would be kicking yourself if you are a user of say MetaMask and they drop a new token but decide to drop say double the number of tokens to people who’ve used their new “Swap Aggregator” and you hadn’t tried that out to swap say some ETH for USDC or some USDT for USDC or whatever simply because you’re used to swapping your tokens using MetaMask with UNISwap or wherever. So I was simply suggesting it’s worth considering using the 8 DeFi projects in the OP at least once or twice like I have just in case there’s a free big secret airdrop of tokens with significant value coming up soon!

And I must say the 1 ETH minimum I put in with 2 contracts on dXdY using 5x leverage for the first time just before writing the OP are both showing healthy returns of over 200% at present, although the gas costs of realising the profits now are astronomical and prohibitive unfortunately which has taught me a new lesson to take profits when the market is quiet lol 🤔!  But yes those returns going long on ETH could well 5x or 10x further now as ETH skyrockets away as seems likely, and I’m actually glad that the prospect of a possible airdrop by dXdY made me research this project and put my toe in the water trying out a DeFi project I otherwise wouldn’t have known about or used! And caveat to be very careful of course whenever there’s some leverage involved where there’s always the possibility of your position being liquidated.

And the links in my OP were basic google ones to the home pages of 8 DeFi projects that IMO are promising and growing and relatively safe that don’t have a token and may drop one to users soon, and I wasn’t promoting them for any personal gain but instead just wanted others here to at least know about the possibility of a free token drop and to be able to consider using some or all of the projects/protocols I listed at least once or twice as part of getting involved in the burgeoning DeFi space that’s likely to be one of the BIG growth areas of crypto in 2021!