If any nickname was to fit myself in the crypto space…it would be the alchemist of airdrops. I
have a sixth sense for upcoming crypto airdrops. I can feel it in my bones when a crypto project
is about to drop tokens to its community. So are you ready for
free money to start raining down from the skys!? Get ready…because it’s time for Chico Crypto
Airdrops, in my opinion, is crypto’s best token distribution model. It’s rewarding early adopters
of a technology, protocol or blockchain with tokens that usually govern the crypto project
And predicting major crypto airdrops has been one of the strongest suits of my game. I called
Uniswap, I called DyDx, and I was the first to call Optimism dropping tokens to it’s community.
(Link #1 Hacker News Post) Each of these airdrops made
brand new millionaires. Uniswap kicked off the airdrop craze in September of 2020…Every single
wallet that had even tried to use Uniswap since its inception could claim 400 UNI, worth well
over $1,000 at the time. There were many users who made multiple wallets, sometimes hundreds of them,
all who had interacted with Uniswap.. From this hacker news post we can see one
guy made over $500k off the Uniswap airdrop, and missed out on another $750k because he sold early.
Then DyDx came around about a year later, in September of 2021, their airdrop unlocked & once
again, big money was made by those who anticipated how they would distribute and gaming the system. A
carter @moneywithcarter on Twitter posted “My free DYDX airdrop is worth $900,000. Good morning.”
And finally, just recently there was another BIG one. Optimism’s OP token
was unlocked in May of this year. As we can see from this Twitter post from 0xWells,
the OP airdrop ranged between 30k to 50k for some who did all required tasks…and
you know they did this for multiple accounts and wallets. Many people made millions with OP…
Sooo, do you want to miss out on the next BIG airdrop!?
Do you want to miss out on the possibility of making millions!?
Well we here at Chico Crypto won’t let you…as I have this weird feeling in my body…down
to my bones. Which means an airdrop is coming…
So who is it? Who could be the NEXT big airdrop?
What about the biggest competitor
to Optimism? Another optimistic rollup…that goes by the name Arbitrum…
Sooo first let us dive into the reasons I think an airdrop is right around the corner for Arbitrum.
Number 1…if they want to keep their position,
as Ethereum’s most utilized L2…they are going to have to.
If we check out L2beat.com, which tracks total value locked up in Ethereum Layer 2’s
we can see that before the Optimism airdrop in January of this year,
Arbitrum was smoking them in TVL. Arbitrum had 2.41 billion locked up in their layer,
while Optimism was way down in Rank 5, with only 417 million locked up.
This was only 413 percent more value locked up in Arbitrum over Optimism…
Now if we look at L2 Beat today, since Optimism has airdropped their token,
we can see Optimism has been growing like MAD, while Artibtrum’s growth has flattened out.
Optimism moved from rank #5 to rank #2, with 1.6 billion locked up. Arbitrum only has 60
percent more locked up today…when in January Arbitrum had 413 percent more value locked. Since
January Arbitrum has only grown by 20 percent in TVL, while Optimism has grown by 284 percent.
Obviously the token airdrop is the leading factor of this growth from Optimism. If
Arbitrum want to HODL onto the #1 layer 2 spot, they will have to airdrop.
Then there was this. Steven Goldfeder, the co-founder of Arbitrum, tweeted this April 20th,
when Optimism's airdrop unlocked.”The appetizer is always served before the main course.”
Now why would Steven tweet this on the day Optimism's token was released
into the public’s hand? Is the main course a token airdrop from Arbitrum??
Well tomorrow, August 31st, something BIG is coming to Arbitrum. Arbitrum is
migrating it’s rollup from Arbitrum One to its next version, Arbitrum Nitro. Now if you
think about Steven’s tweet, the appetizer could have been Arbitrum One, and the main
course is the launch of Arbitrum Nitro which may just include token governance…
Now, just a couple days ago, two Arbitrum team members spoke with Tally,
a DAO operations platform about governance design on Arbitrum.
If you didn’t know, Token based governance is the most popular web3 governance option
out there. If they are talking about governance design there has to be a token…
Sooo the next question is….how would someone get themself in the best position,
for this possible airdrop!?
Well airdrops are all about rewarding community members,
and usually active community members…who use the tech and tools of the project.
Sooo, number 1…to put yourself in the best position…a person should use the arbitrum bridge
to bridge over some Ethereum or some other erc20 assets. Bridging is easy,
just put in the amount you would like to bridge over, and submit the transaction,
and wait for the confirmation to go through, usually takes around 10 mins.
The next thing one should do is to interact with some dapps on Arbitrum. Portal.Arbitrum.One is a
great resource for all the dapps on Arbitrum, but if I had to give any advice regarding what
dapps to interact with? It’s ones that have liquidity pools…like GMX and Hop Protocol.
Play around with these protocols, add liquidity, trade…this
is all on-chain activity that can be tracked that will maximize airdrop rewards…
Although, Arbitrum may have put out a guide for snagging this
airdrop with the highest possible reward. Arbitrum recently published a
series of quests….aka tasks a person can complete…on guild.xyz…
And these tasks are all related to on-chain activity on the Arbitrum rollup. So to complete
these guild tasks, you first need a discord and an ethereum wallet connected to Arbitrum.
If you have both of those, just click join guild, and it will need you to confirm your
wallet by signing a message and then it will connect to your discord. Once signed up,
it will let you know if you have completed any of the tasks. Since I’m a big GMX bull,
of course the GMX task is already completed, but I still have 10 other quests to complete.
Many of the tasks are simple, and won’t cost you more than 10 dollars to complete a majority of
them. With the Arbinaut task, you just need to complete 1 task for Arbitrum Odyssey. For the
treasure fam task, you need to just hold .001 of a magic, and hold a small brain and smol bodies NFT,
for link Marine, you just need .001 of a link which you need to have on the Arbitrum
rollup…and as you can see, most of the tasks for the rest of the quests,
are just holding a super small amount of the token on Arbitrum, or holding a certain NFT on Arbitrum.
So if I was looking for an ARBI airdrop,
completing as many guild quests as I could…would be on the top of radar…
Is there any other way to get prepared for this possible DROP!? Well another place I would look
for possible hints of how they will drop, is from their biggest competitor Optimism. Looking at the
criteria for the Optimism drop, and doing those criteria on Arbitrum might just be a good idea.
Optimism has a post on their airdrop, which included the criteria they used for their drop.
This included being a user of Optimism, being a repeat Optimism user, users who voted in their
DAO, multisig signers, gitcoin donors to optimism, and users who were priced out of Ethereum.
So I would be a repeat user of Arbitrum,
I would vote on anything you can vote on with Arbitrum…Arbitrum Odyssey has a snapshot with
voting…I would join and vote when you can. Also I would donate to a Gitcoin proposal…many
projects have been adding this as a criteria for airdrops lately.
Well viewers, I hope this video helped get you prepared…if the airdrop doesn’t come
tomorrow…don’t think that it isn’t coming. Arbitrum will have to launch a token if they
want to compete in the world of token based economies. Cheers I’ll see you next time!!