Let’s talk about Airdrops baby, let’s talk about you and me! Let’s talk about all the tokens,
and the rewards that may be…let talk about drops. Yup this episode is all about those coming crypto
airdrops for the rest of 2022. Aka free money in your pocket for using the world of cryptocurrency.
So let’s drop it like it’s hot, because it’s time for Chico Crypto!!
Sooo, of any youtubers out there…I’m the only one calling airdrops before
they happen and the big ones too. DyDX, ENS, and more recently Paraswap, and COW
from Gnosis chain. This has led to massive rewards for those who took the time to DYOR
and get involved, which have totaled some over $250 thousand dollars!
Well let’s do this one more time…beginning with some of the biggest coming ones…beginning with
the most popular, thus will most likely have a very large starting market cap,
breaking into the top 100 with ease.
That is….Metamask. Metamask has over 30 million monthly active users which leads
to over 207 million in annual revenue. They are a dominant force in the non custodial wallet space,
and have shown they are seriously profitable.
So Consensys are the owners of Metamask, and Consensys founder Joe Lubin got the hype of
Metmask airdrop started back in November of last year. In response to someone saying they wouldn’t
drop a token Joe said “Andrew, ConsenSys has thousands of tokens on our balance sheet.
ConsenSys is vigorously controlled by its employees, which includes me. And we are
driving towards decentralization of several of our projects. Wen $MASK? Stay tuned…”
So why am I bringing up the MASK token now? Well me thinks it’s coming very soon…
Well March 15th, just over 2 weeks ago, Joe Lubin talked to Decrypt and this is what was said
“According to ConsenSys CEO Joe Lubin, MetaMask is pursuing "progressive decentralization" "There’s
a great user interface that we’re going to launch pretty soon," said Lubin in an
interview with Decrypt. As part of its plan to pursue its various goals, MetaMask soon will be
launching a Decentralized Autonomous Organization or DAO. "There is a DAO that is being being formed
right now in the context of MetaMask," Lubin added. Lubin did not provide further details about
the DAO or a date for its launch, but did confirm that MetaMask is intending to launch a token.
Decentralization, DAO, and token. It’s coming and I bet sooner than people realize. …sooo
how are they going to do it?? Well they could airdrop to all wallets equally, but that could
be taken advantage of by farmers creating wallet after wallet, taking advantage of that system.
Well, the only other functionality besides holding crypto assets and letting you connect to web3,
is a built in swapping protocol. So if you haven’t made a swap yet… I would recommend it,
and for your swapping needs for the foreseeable future, I would utilize metmask swap just in
case it based on volumes. That will put you in the best position for this gargantuan airdrop.
But now it’s time to talk about an airdrop no one see’s coming…If you didn’t know Energy Web
Staking went live in December of last year, and the second phase of this Consortia Relay Staking
was announced 2 weeks ago. The Energy Web twitter said “We're pleased, proud,
and excited to announce that the second phase of Energy Web Token Staking- Consortia Relay Staking
has gone live! Your stake of EWT generates north of 10% APY and will give you more Power
in the future. Access here: with a link to stake your EWT for this second phase…
They said by staking this will give you more “Power” in the future…is power a token airdrop??
Well Walter Kook, former CEO and now managing director of Energy Web’s Innovation Lab
has been tweeting about this second phase of staking and in his tweets,
he has had the hashtag “ProofofSnapshot”...
Power in the future, proof of snapshot…this has
all the ingredients of a coming airdrop…so what could this be?
Well Energy Web gave a hint of what was coming in their November 2021 dSLA,
decentralized service level assurance litepaper. They said “On the dSLA platform, every business
activity happens around $EWT. Energy Web Tokens are required as security deposits from Providers
and are needed for staking, allowing Patrons to participate in network rewards.
$EWT will also be the collateral locked up to mint stable coins for payments on the platform.
EWT collateralized stablecoin? Yup that is coming…but an airdrop of a stablecoin?
No, No, No my friends. Now if you didn’t know Micha Roon, was the Chief Innovation
Officer and CTO of energy web from April of 2019 to March of this year.
Well going to Micha’s Linkedin
we can see he is now the CTO of a company called bonk or bonq. So what is bonk??
Well it’s a new type of protocol. In his Linkedin he says “they are a technology company providing
solutions for self-sovereign finance. It allows individuals and businesses to access liquidity
of their assets without selling them, interest free and with no need of credit approvals
from third parties. By using assets as collateral, Bonq allows users to issue a loan,
backed by these assets. It will start with cryptocurrencies and blockchain tokens,
however in the future Bonq protocol will support tokenized real-world
assets, including shares of private companies, IP, invoices and property.
So, it’s a way to use assets as collateral, to get loans, which are interest free!
How is this possible? Well Micha has given some hints on twitter. He said “the transaction costs
of the chain a stable coin is deployed to are important in order to give all the participants
a chance to profit. On the Energy Web Chain 1 EWT gets you a lot of transactions.
That is why Bonq will use the EWC. That and the fact it runs on renewable energy.
So this will run on the energy web chain, and the collateralized loans backed by EWT will
issue a stablecoin to the borrowers but there is more to this…it’s not your average stablecoin
project. Micha also tweeted this “when it comes to keeping a stable coin pegged,
there is actually more profit to be made from arbitrage than from
interest.” and then this with a graphic showing how it works the next week
“One of the functionalities that will be implemented on the Bonqn protocol is arbitrage, by
participating in yield farming you keep the price of the payment token stable! Are you excited yet?”
So are EWT holders getting dropped a stablecoin? No…Micha actually put out a blog over the weekend
titled “Good by to EWF - Hello bonq” and in the blog he said “In September of 2021
Walter asked me to join the Labs effort to work on some great innovations.
That is when we first devised the protocol for bonq as an efficient way to finance renewable
energy projects without crashing the price of EWT. In January 2022,
it became obvious that bonq would be a gazillion € crypto project and that it had to be done.
I can't tell you more than that we will start with 2 partners and 10 tokens. When we launch,
it will be with full regulatory blessing and a front row seat on the next bull ride to the moon.
At launch, the bonq protocol will have 10 tokens!? I’m guessing a majority of those
will be stablecoins based on countries currencies. Stable USD, Stable Euro, Stable Yuan etcetera…but
one of them will be a governance token…airdropped to EWT stakers. Remember #proofofsnapshot….
And this theory was kind of confirmed here recently…within test code for the Energy Web Chain
we can see wrapped energy web token, and bonq being used as collateral tokens…but
what for?? Well further down in the code it’s for stablecoins…they have a beuro, or bonq euro,
an energy web based stablecoin of the euro!! And then just yesterday, Micha Roon explained the
tokens. He said “$BEUR is a payment token you can mint yourself, based on the value of some
collateral. $BNQ is a utility token that allows you to get a discount on your $BEUR over time.
And because there is no interest payment required for minting $BEUR the discount % is always good”
Now these are the top 2 airdrops I see coming soon for obvious reasons. But
what about the other airdrops for 2022? Well there are many projects, protocols, dapps, and
wallets who are tokenless who could be launching a token through an airdrop and a crypto snooper
has put out a great list of possible drops from the like. In total 30 possible airdrops. I would
recommend checking out the thread and doing your own research…it’s down in the description…but
from his list, there is one I see doing an airdrop very soon….
That is the zigzag exchange, a decentralized exchange built on zkrollups,
specifically zksync a rollup layer I also see doing an airdrop. So by utulizing zigzag,
you are also potentially setting yourself up for their airdrop too.
Back in December of last year, in a demo of their bridge…I showed the non-live bridge had an example
of zigzag assets, and a balance of zig tokens….
Well just last week, zigzag put out a blog post…and a tweet. The zigzag twitter said
“We've started our research on exchange coins for obvious reasons. Read our in-depth
analysis…and in the blog they dive into different exchange tokens, like BNB, FTX, Serum, Uniswap,
Sushiswap, Bisq, and DyDx…but they end the blog with this “Of the group, dYdX’s coin had the most
intentional design. It’s clear documentation made the incentives easy to understand,
if not easy to model. If you’re going to take inspiration from one exchange coin in 2022,
the example of DYDX might offer this as a lesson: incentivize the early traders and market makers;
give them reason to stick around; add a dash of inflation to encourage a search for yield (which,
in turn, produces DAO participation); and take care of the rest offline.
Sounds like ZigZag will be taking inspiration from DyDx.
Do you remember how big that one was!? Massive…Cheers’ viewers I’ll see you next time!