[ad_1]
If you have been on Web3 Twitter recently, there’s a chance you’ve seen $BLOCK, $PARAM, $EVERY, $BUBBLE, $TRIP, littered around the screen. These tweets full of random tickers repeatedly almost in a nonsensical way, that is, to an outside eye. What you don’t know, this is Web3’s newest hype mechanism. The individuals adorned the brand of “farmers” for what ever $TICKER garnishes the most hype for the day . What are these farmers trying to accomplish and why?
Airdrop Season
If you’re new to web3, welcome! Welcome to the intersect of unregulated financial instruments and the internet. In today’s world, we often forget that most people carry super computers around with them everywhere. These devices enabled mass communication and paved the way for a world of instant feedback. Cryptocurrency’s in 2024 have shifted more towards digital asset tokens and less cryptographically hashed rewards. These tokens are mainly derivatives of their normal chain.
A lot of the code cae be super complex and time consuming to make quick changes. Many projects opt for an “airdrop” to jumpstart trading and use of their utility token. Airdrops in 2024 consist of completing many tasks on social media, being involved in Discord, and even creating content via Zealy. These tasks usually reward users with points that will later reward them with the projects token. That was a crash course on airdrops, if you want some tangible examples of airdrops, check here.
How Did We Get Here?
I first stumbled upon social fi when I found Block Games on Twitter. This is a crypto incentivized project that aims to bridge web3 and mobile gaming. You download their app, download one of the curated games and begin to play. I played a slot game for a day and realized I was losing…
[ad_2]
Source link