The Risk Of Airdrop

They are several means to make money in the crypto space, airdrop seems to be one of the safest and also not one of the safest because in airdrops you can turn your time to money, or turn your money and time to money. Sometimes it can be a great investment, some times it can be a huge waste of money and time, you can never tell until TGE. Few days ago Getgrass project launched and a lot of people were happy. But do you know that Getgrass gave 515 Grass token per NFT, this means that if you held 10 NFTs you would have 5150 Grass tokens, at a $1.07 price that would have been a beautiful solid $5510. Some people claimed that there was a time the NFT was valued about 0.5 Sol per NFT. If we are using the current price of Solana that would be $90 per NFT.

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With $900 one would have made $5510 cool right? But do you know that it’s not always this rosey? There are times where one would spend a lot and still get peanut like what the Kroma project did to its community today. I saw a tweet where someone said they spent $1,000 minting NFTs and doing Kroma tasks only to be given $86 worth of airdrops.

Another way of making money from crypto is through pre sale or IDO, this means buying the coin at an earlier price with the intention that you will make a huge profit. But guess what, people that bought the presale at $0.7 sold at $0.07 - $0.04 with a huge loss. We still have people that spent a lot of money farming scroll with high gas fees and spending a lot only to be given peanut as airdrop. If you are thinking of participating in airdrops this is one of the advantages and disadvantages