Axis and Predict are the two most representative airdrop-farming projects, and the most important ones to watch when gauging the airdrop-farming market.
The main reason Axis ended up being a win-win for everyone is that the team cared about its reputation, and the project wasn’t that big. Liquidity in the secondary market was thin, but there was still room to maneuver and keep things from looking too bad on paper.
I believe the team paid a huge price to protect its reputation with Axis. There are probably a lot of things only the team itself knows.
Predict’s tokenomics aren’t a straight copy of Genius’s—they’re the best TGE template for the current market.
The project is just too big. Smaller projects can still stay afloat with shallow liquidity, but with a $2B FDV, if they issue too many tokens, the price floor will get smashed. Given how altcoins are performing right now, no sane person would hold, right?
Airdrop farming is dead~
The main reason Axis ended up being a win-win for everyone is that the team cared about its reputation, and the project wasn’t that big. Liquidity in the secondary market was thin, but there was still room to maneuver and keep things from looking too bad on paper.
I believe the team paid a huge price to protect its reputation with Axis. There are probably a lot of things only the team itself knows.
Predict’s tokenomics aren’t a straight copy of Genius’s—they’re the best TGE template for the current market.
The project is just too big. Smaller projects can still stay afloat with shallow liquidity, but with a $2B FDV, if they issue too many tokens, the price floor will get smashed. Given how altcoins are performing right now, no sane person would hold, right?
Airdrop farming is dead~