Hello and Namaste Everyone
Airdrop is a very common word in the crypto market and almost everyone is aware of it. It means free tokens that can have some value in the market and depending on the market which is like supply and demand the value can be pretty good sometimes. airdrop is a way that projects follow to reward their community. This can also be one of the main 3rd bad projects used to get promotion done and buy these they TRY to reward the people who become part of it by following certain steps. It's not bad at ALL I think projects benefit from more attention and user base and users are rewarded for the contribution they have made to the project.
For example, by sharing, the ear drop information about the SPS token. This is a governance coin for the Splinterlands game. The airdrop was started in 2021 July month and it was year year-long distribution. This was the first ever airdrop that I have received and fortunately, I was lucky Enough to be part of it for the entire year. It is good for the users and some people make a great amount of money by selling the tokens. I was on the other side where I kept on holding everything I received with the hope that this balance would be more valuable in the future. The reality is different because the price dropped a lot and there was a time when this token was available for almost one dollar. NOW the same token is not even $0.02 and the reason why it lost its value is because everyone got more SPS tokens. whales are holding big bags and they are dumped whenever they see a better price in the market. Maybe the case they are not expecting its price to go much higher but I'm not sure about it.
There are so many airdrops going on and I can see these updates on social media. I visit my Twitter account and because I promote mostly crypto-related content I also get similar content on my feed. Every other person is promoting some sort of airdrop but yes I do understand that genuineness is one of the issues. The market is getting ready for the Next bull run which can start this year or maybe in the next year but Bitcoin halving is near. Many new projects are getting launched and they have started different programs to engage more users so that they get more activities and they can reward them. Such a great opportunity this is going to happen for the crypto community where people are making a lot of money just by participating in such programs. I know that it's not easy because you just have to spend a lot of time and it's like one per cent of airdrops are genuine in the market.
I know some people who are doing good in the airdrop segment as they can earn good rewards by investing no money in return. They are investing their time and this is a very good amount of time they are investing. They truly deserve their word so it's like everyone ready to give their birth in the market this time can earn money. This can be a very substantial amount depending upon the supply and demand of the project coin. You are not going to get the Bitcoin as a reward but whatever token you will get may have good value in the market. If you are serious about this market then consider this time as an opportunity and go through different knowledge articles and also the projects. Twitter itself is a good platform where you get to learn about many upcoming projects and such opportunities.
Believe it or not Crypto is going to be great and in the coming years, it will be even bigger. The government in India is not very supportive of the Crypto community but at least they have not banned it or they have not made it illegal in the country so we still have the opportunity to earn money from it. Taxation is surely high but it's fine as long as you can earn since they will be asking money only out of the income and not from the loss.
Thank you so much
Stay Safe