DataDrivenInvestor
Oct 30
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This Tweet asks, “Does the airdrop have some requirements to meet before being able to claim?”
Before I answer that, let’s look at what an airdrop is.
Cointelegraph tells us in the article, “What is a crypto airdrop, and how does it work?” that “Crypto airdrops are a marketing strategy used by startups to give tokens to existing cryptocurrency traders for free or in exchange for minimal promotional work.” — and “…crypto airdrops are an inexpensive way to make additional returns on your portfolio. After all, airdrop tokens are free and never hurt, right?”
However, they add, “Crypto airdrops always seem very lucrative at first, but they can also cause problems. To make sure you can profit from crypto airdrops, but also see through any pitfalls, you can read all about crypto airdrops and how they work in this article!”
Therefore, like everything else in the cryptocurrency market, you must do your own research (DYOR).
medium.datadriveninvestor.com
Crypto airdrops often offer a way to get free crypto when you help with a crypto project, or they might just give you some new tokens free.
Several times I have received crypto just because I already owned the token or another branch of the project. For instance, I owned Ve Chain (VET) and was airdropped VTHO with no action on my part.
If you look at your portfolio and have a bunch of tokens you don’t remember buying, that could be why.
If you pay attention to YouTube and periodically search for airdrops, you could add passive income to your portfolio.
To get your Aptos airdrop, go to the website.
Trust Wallet, MetaMask, SafePal, Ledger Live, Spot Wallet, Argent Wallet, MyEtherWallet, Math Wallet, or Rainbow Wallet. There might be others added recently.
Although nothing is 100% foolproof, “WalletConnect is safe to use. As it’s a protocol instead of an app, it’s more secure by nature.” — Learn.ByBit.
Likewise, you can download the Petra Wallet App from the Aptos website.
Aptos is a layer-one blockchain founded by Mo Shaikh and Avery Ching — two former Facebook (Meta) executives who worked on the Diem blockchain or Libra project. Perhaps repackaged to get around the SEC’s “red flags.” Aptos launched its Mainnet on 18 OCT ’22.
Aptos uses a Proof-of-Stake (PoS) consensus mechanism, which is byzantine fault-tolerant (BFT). This low-latency BFT allows upwards of 150,000 transactions per second (TSP).
The Aptos developers claim it is decentralized, scalable, and secure, which is nearly impossible given the blockchain trilemma.
The blockchain trilemma “…is a concept coined by Vitalik Buterin that proposes a set of three main issues that developers encounter when building blockchains. More often than not, creators are forced to sacrifice one ‘aspect’ for the sake of the other two.”
So, that is something we should keep an eye with APT.
Meta had planned to establish a stablecoin-type cryptocurrency, Diem. However, the powers that be (the SEC) were so scared of one of the most widely recognized social media platforms owning a cryptocurrency that the idea was quite quickly dashed.
“The blockchain has raised $400 million from crypto funds like FTX Ventures, Jump Crypto, a16z, Multicoin Capital, Dragonfly and Binance. Yi He, Head of Binance Labs.” — Coin Market Cap.
This is a must-see video before you buy. IMHO.
Another quality video from Coin Bureau.
#Aptos #Diem #Crypto
Here are a few YouTube videos that tell you how to get free crypto with airdrops in case you missed the Aptos airdrop. Not all of these are Aptos, nor have I tried all of these yet, so I can’t say for sure these work.
“The live Aptos price today is $8.32 USD with a 24-hour trading volume of $485,258,487 USD. We update our APT to USD price in real-time. Aptos is up 1.34% in the last 24 hours. The current CoinMarketCap ranking is #50, with a live market cap of $1,082,189,074 USD. It has a circulating supply of 130,000,000 APT coins and the max. supply is not available. — Coin Market Cap.
#Defi #Crypto #Aptos
#Airdrop #Aptos #Avalanche
#airdrop #qui #arbitrum
On the surface, APT looks like a worthwhile investment, but once you start digging as Coin Bureau has done for you, there are just too many questions.
How is it they raised more than $300 million without “tokenomics” or a whitepaper? This might be a project for the elite players in the crypto universe.
It looks overvalued; I would be cautious with this one.
I am skeptical, to say the least, about both Sui and APT. Their promises about Web3.0, speed, security, decentralization, and others seem too good to be true. I’ll wait.
However, if you can get free APT by getting a free airdrop from buying a few tokens, you might make a little profit before the market figures out it is overvalued and drops it down to a more reasonable level.
Don’t spend more than you can afford, DYOR, and move your coins to a wallet immediately.
DISCLAIMER: This article is for entertainment and informational purposes only. It should not be considered financial or legal advice. Not all information will be accurate. I am not a financial adviser, and you should consider anything I write as informational and friendly banter to show you what is possible if you invest your money in these vehicles. However, there are no guarantees. Consult a financial professional before making any significant financial decisions.
Note: This post contains affiliate links. Read my disclosure statement for additional information.
Stephen Dalton is a retired US Army First Sergeant with a degree in journalism from the University of Maryland and a Certified US English Chicago Manual of Style Editor. Also, a Top Writer in Nutrition, Investing, Business, Travel, Fiction, Transportation, VR, NFL, Design, Creativity, and Short Story.
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Stephen Dalton is a retired US Army First Sergeant with a degree in journalism from the University of Maryland. Top Writer in Investing, VR, and Short Story!
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