Airdrop Mania!!!!!

Free Money...?

If it sounds too good to be true, than usually it is. But when it comes to Airdrops (getting free cyrpto for being an "Early Adopter" ) free money is being distributed to your crypto wallet simply for performing simple promotional task on social media. Why would someone give away money? Think about it - no one gives away anything without getting something of equal value in return. In a grocery store, for example, product demonstrators give out free food, (small tidbits) and what do these companies that must hire a product demonstrator and freely dsitribute free samples to the shopping public recieve in return? A whole lot!

1.They are boosting public awareness about their product and if it's a good product they are creating a positive public sentiment about the given item.

2.Many times shoppers are trying and then they are buying!! So then, we are seeing a sales increase as a direct consequence of the product demonstrator passing out small samples of a given product.

3.They are enhancing the public image of the parent company which is so concerned about the overall public good that they are improving the quality of the food supply with this new and convenient item!

Now then whewn it comes to passing out free crypto tokens all the aforementioned points also apply but in addition, and here's the clencher, they are growing the network. And by defintion, "The network effect refers to the concept that the value of a product or service increases when the number of people who use that product or service increases." - Investopedia. Yes twitter, facebook, instagram, are more than social networks! They are ubiquitous!! They are part of the fabirc of business communication, promotion, and marketing. There is a job titles for the person or persons that do these things for money in business, they are called "Community Organizer" or "Social Media Director". Simply put the more "active wallets" that exist, trading/holding a given token literally increases the value of the token.

There is an additional reason why tokens are given away(Airdropped).. These technologies are in Beta. When an early adopter uses tools like cryptro wallets, DEXes, and Exchgange platforms they are helping to expose the bugs and flaws that exist in all Beta applications. For example, I found that while using the Metamask wallet, on some of my mobile devices or desktop computers, with different OS'es (Windows, Linux, Androiod) certain token balances (eventhough I added the "custom token" to Metamask with the correct token address and other details) would not show up. Uh, after you've made a purchase this can be rather distressing. Unitl I discovered a commonly used tool called "Etherscan", which is a public log of all the transactions from send address to recieve address, this bug was really,really scary!!! In other words you're like: "WTF??, where's my money?

Here is a list of the top 5 airdrop information sites......uh....git all over this!!

https://airdropalert.com

https://airdrops.io

https://www.airdropsmob.com

https://airdropalert.com/featured-airdrops

https://www.airdropbob.com

Disclaimer: Professionally I am a pianist/musician/entertainer, I have no expertise or qualification in finance, banking or investing, so everything I write in this blog and anywhere else online and say in my public speaking engagements is solely for entertainment and education. Please do your own research and invest your money in what you fully understand, knowing that crypto markets and crypto currency is a very volatile market and you could lose everything. So my advice is to never invest more than you can afford to lose.

Comments

Post a Comment

Popular posts from this blog

the most important tool

Image
The Metamask wallet application is a tool like an Ipad, or the Chrome Browser. Of all the cryptocurrency tools the most important tool is…"A pen and paper." Your Metamask seed phrase is very important. It direclty corresponds cryptographically to your private key. You should encrypt it and write it down three times and store it in 3 different locations. For one of the locations, of the sealed envelopes, I suggest you select a person in another city, state or country, a person you trust implicitly, preferalby your executor and have them conceal it for you with instructions to only open it if you are dead. A high powered computer and a smart person can crack some encryptions. This is why you send an encrypted copy of your private key in a sealed envelope to someone you really trust and will know your whole life and store the other copies in a secure locations. That twelve to twenty-four word recovery phrase should not be recorded or sent electronically. First of all, email ...
Read more

QuikYield

Image
‍ QYUtility (QYU) Token is bringing a revolution to blockchains. With a host of welcome features like, QYield, QSwap, QBridge, QPay and QWallet it will bring a freindlier user interface to the De-Fi eco-system ushering De-fi on to the main stage for a debut on the channel of mainstream adoption. QYUtility (QYU) is multi-chain DAPP(decentralized application), and can function nativley on multiple blockchains. Starting with the big four,Ethereum, Binance Smart Chain,Polygon andArbitrum with additional chains in the making, investors can choose which layer 2 solution they prefer, from Optimisim to Arbitrum. By accessing the QYUtility token for swapping, providing liquidity and yield farming projects potentail investors will greatly benifit from employing this new tool. Uniquely, the QYUtility token can function interchangeably among the major blockchains using QBridge in a 1:1 proportion. ‍ The total supply for QYUtility tokens will be limited to 1,000,000,000 QYU across all block...
Read more

The $25,00 Ethereum Giveaway!

Image
The peguesproject will create awareness, adoption and promotion of Ethereum and the ERC tokens that share the Ethereum blockchain specifically targeting POC and the Pacific Northwest Black community. With weekly blog postings and through hosting community arts events, artist and patrons of the event will experience a live presentation on the Ethereum eco-system by Conceptual Artist/Musician Rodger Pegues entitled: "crypto The opportunity of a Lifetime !" thepeguesproject/$25K Ether Giveaway to create 5000 new Ether Wallets in low income and POC communities thepeguesproject, the artistic and musical herald for the New Utopia, World Peace, Web 3.0 and the new decentralized economy seeks to, through community engagement , talks and blog post, have POC and others from low income communities install a MetaMask or similar Dex connecting Ethereum wallet on their mobile device and seed each wallet with $5 of Ether. This project will last for at least 3 - 5 years given the ex...
Read more