Original author: Yuyue (X: @yuyue_chris )
The starting point for my entry into the circle was also airdrops, but the current airdrop model has changed a lot. As a crypto trainee with track selection ability and traceable historical records, let me elaborate on what I should do next. This article mainly provides some core ideas for players with small capital.
In a bear market, you can pluck hair, and in a bull market, you can speculate on coins Golden dogs dont curl, and big hair doesnt curl
The most important thing is to lower your expectations.
Whether it is secondary, primary, or airdrop farming, which is similar to primary and a half, we should realize that the current crypto industry has entered a bear market in terms of valuation. I have said many times before that return to common sense. In the case of a cold market, excessive emotional premiums will be de-bubbled and value will return. If you can lower your expectations and not be too greedy, you can continue to work hard in the bear market.
Before petting, the most important thing to understand is: What is the essence of petting?
Lumao is a first-level semi-market participation channel, and its essence is similar to that of first-level investment.
In the current version, airdrop is a marketing tool used by the project to acquire customers and improve data.
It is not a guaranteed return to the project owner. It is also an investment. The project owner has not even confirmed the return.
Based on the above three points, you will find one thing, that is, the main group of this round of primary investment - the vast majority of VCs actually do not make any money at all, and the rule of primary investment is to invest in a bear market and reap rewards in a bull market.
All the simple airdrops in the history of recent years almost all came from the bear market, such as APT and ARB, which came out when the secondary market was not so good, and the capital and time costs of retail investors were not so high, especially aptos or even the testnet A 8 level airdrops.
However, the second half of last year was basically a bull market, and the possibility of being reversed when making primary investments in a bull market is bound to be high. If you can understand that the essence of hair pulling is a primary investment without a contract, you will find that being reversed may just be the norm.
Looking back at the timeline of nillion @nillionnetwork , this project raised funds in Q3 last year and started activities mainly participated by retail investors, which coincided with the two most active quarters of the secondary market last year. However, the TGE now is the worst time for the secondary environment... In essence, this is a question of timing rhythm.
Finally, what should we do now?
Watch more, move less
In a bear market, there are often some unexpected opportunities. For example, $COCORO two days ago was a big golden dog. If the pace slows down, there are also opportunities to make money. It depends on how to judge the level of narrative.
Dont be too greedy and just watch more and do less. Its already great to earn tens of thousands of dollars at a time.
You can still do the work of farming, but dont expand and increase capital investment.
If necessary, you can do more day jobs. If you can lower your expectations, there are still many easy day jobs in crypto, such as Binance Wallets IDO task with a single order of several hundred U, OKXs Cryptopedia event, Bybits Solayer Launchpool event, which are basically confirmed airdrops, but people usually dont care about this little money, this is a problem of expectations;
Moreover, thinking more and reviewing more when doing things can also improve your understanding of the industry, rather than just doing it as a trick. For example, how can you find ways to improve your efficiency? The process of programmatically collecting information? How to organize projects and knowledge bases in an organized and planned manner? These are all ways to optimize.
Self-improvement
Those who can read should read books, especially to improve their learning ability. Learning a language and improving academic qualifications can have very practical benefits;
Keep fit and create a good physical foundation for the bull market.
Believe that the golden dog does not roll, and the big hair does not roll. Try to find places where there are still dividends, instead of just following what others do.
