Airdrop is the hottest word in crypto because of the popularity and benefits it provides to the users as well as to the communities. Cryptocurrency companies or projects do an airdrop to advertise their project in order to get trending in the crypto world.
An airdrop is a process of distributing governance token to the early supporters of the project and community. The token also helps the project to move in a direction through the decentralised system.
I am into crypto since five years , during this course i have come across a lot of different crypto projects who airdropped their governance token to the community which helped the project to get more fame to get it trending and on everyone's lips.
The first airdrop that i know was from the uniswap team. They airdropped 400 uni tokens each to the community who were supporters of the project. It was well worth of above $1000 at the time of launch.
I did get uniswap airdrop which i dumped immediately as it was my first airdrop. Later the price pumped but it was too late then. But i was happy to book profit as it was a free money. It was one of a kind airdrop of all time till now. No other project has airdropped like the uni team did. .
Airdrops are now a popular way to advertise the project which is why its the hot trend these days. There are a number of airdrops that are getting hype. Some of the biggest hyped airdrops that people are farming include , ZKSync , Scroll , Kinza , LogX and layerzero offcourse which i have already discussed in my previous post, if you read it already then you know about layerzero airdrop.
Next airdrop which have chances to occur is Zksync and LogX. Zksync is rumored to go live within next week. There is no official statement regarding the airdrop , all we know is the old statement from the team which stated that they are now working towards decentralizing the project. This implies that the airdrop is very near.
On the other hand LogX team is not revealing any hints about the token generation event. The community is curious about the date as the team previously announced that the token distribution for the airdrop will be commenced on 18 april. Its 6th may but the team is still silent. Some users are complaining that the team is farming the community on the name of airdrop.
I have stopped farming LogX and removed big part of my LP , only have a little amount in liquidity so that i do known as active wallet incase of token generation event go live. The Team is not revealing about the token generation event. They say that they will when the right time comes. Meanwhile i am moving my liquidity to other projects. Hopefully LogX team will not disappoint to its community. I hope big from these projects hopefully they will cook big.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
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