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Of Airdrop and Stake: A note to myself

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Written by   347
1 month ago

Everyday we learn new things. Learning is a continuous process. There are new information everyday, every hour, every minute. We learn, unlearn, re-learn - such is the cycle.

I have been mulling over this for days whether to write it or not. I wanted to write this as a note to myself. I haven't mastered anything yet. I want to look back to this in the future and see how far I've come.

Feel free to comment your inputs regarding these matters and let us learn from each other.

I have been reading about airdrop this, airdrop that, earning here, earning that. I'm not exactly sure what airdrop really means or how come others are profiting from it.

Source

As stated above, simply put airdrop is the distribution of free tokens or coins. Why would they do that? To promote their token or coin. Reportedly, there are 6,000 cryptocurrencies out there as of 2021. Source

To make your token or coin known, you have to come up with marketing strategies. You have to do promotions so that more people will invest in your coin. The more investors, the more value your coin will be. How do you make others be interested in your coin? One of the best way to do that is through the process of airdrop.

I posted that in my noise account.

As I have posted there, I was informed about a $KITTEN airdrop. This was my first time supposedly to participate in such airdrop. I then searched in noise if someone posted about that. I do have account in Twitter but I don't spend my time there. I post some here and there but that's it. I then visited their Twitter account about the airdrop. I don't know where else to go from there. I had to seek help from Pachuchay regarding that. I don't have Telegram account and I had to create one just for that. So I messaged Pachuchay for help. She did guided me how to do it. By the time I figured out what to do, the airdrop ended.

Unfortunately, I wasn't able to join.

Then yesterday, I was then again informed of another airdrop which you can check here. It's about $ROCK token this time. I don't have any idea about that so I posted it in noise hoping to learn from others about that.

The target is that per 1 $ROCK, it will be equal to 10USDT. There are 20,000,000 tokens available for airdrop. There are 100 Ether Rock NFTs for sale. When all those are sold, then the airdrop begins. Read more here.

Source

Stake on the other hand is a bit tricky for me. The more I read about it, the more I can't wrap my mind on the topic. Simply put to stake is to buy and hold. It's like opening a bank savings account, deposit some amount and let it earn through interests. When you stake you earn reward from every crypto transactions verified and validated. Also, you earn from fees that was incurred by every user for every transaction.

I hope I got that right lol!

Moving on.

Jane posted a comprehensive guide about staking and farming in BenSwap. Click on that and it will take you to her post about those process.

Honestly, I'm still not that confident to talk about that. All I did was follow her instructions in that post. I find it easy doing it while reading the instructions and following them. Once you get the hang of it, then it gets easy. There are also other articles within that post to help you start with Metamask, Coinflex and BenSwap.

It is intimidating I know. When she first posted about BenSwap and $EBEN, I did not take it to heart for I was of the thought that I can't do that. It's too much information to process.

However, it takes practice, willingness to learn and the right mindset to know things. So I decided to do it. I didn't get it right away. I have to keep reading and re-reading to make sure that everything is done the way she said it should be.

If there are things you don't understand or are not clear, you can always reach out to Jane or to others here and in noise who you think can help you.

As what others have been advising us, invest the amount you are willing to lose because there are admittedly risks involved. With BenSwap, I started with $10 at that time, around 0.015 BCH. I hope to gradually increase that. In any investment, there are always risks so it is important to do your own research before diving in.

As I have mentioned above, this is a note to myself. Those who have mastered this topic, feel free to share your ideas so we can learn more from you.

Thank you so much for your support and reading. See you around!

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Comments

Cool Kuboy, that you already have some tokens on stake. I also took a lot of laps before doing it. Big gains have big risks. But as you said, what we have to keep in mind is that we must risk only what we are willing to lose.

$ 0.03
1 month ago

My earnings from staking are negligible as what I have invested in them are just small amounts lol!

$ 0.01
1 week ago

Learning by doing. Everything that we do will be charge to experience and we learn from it. Even if we failed, we got to learn from it. Maybe for eveything there is a learning and that is only applicable for those who wants to recognized learning for progress. 😊

$ 0.03
1 month ago

We only fail if we didn't learn from our experiences. That's right. We have to be willing to learn and be changed :)

$ 0.00
2 weeks ago

It's good to try new things out :) Glad you went in. I'll check that $rock tonight. Thanks for sharing :)

$ 0.03
1 month ago

And then there's that comment from of Jane about KTH :D :D When the telegram group reaches 2k members, they will be doing an airdrop too https://t.me/kthtoken

$ 0.00
1 month ago

I joined there too:)

$ 0.00
1 month ago

Thank you :) I just joined in :D

$ 0.00
1 month ago

I really want to try it but I have a hard time understanding the process. I will be asking for assistance instead from the others later so that I can start doing it. It really needs patience and determination.

$ 0.03
1 month ago

It gets easier once you do it :D

$ 0.00
2 weeks ago

You can do it my wee BC, if I can anyone can 😉

$ 0.03
1 month ago

Maybe you can ask kuya to help you @breadchamp :D

$ 0.00
2 weeks ago

I am too shy to do that Kuya haha

$ 0.00
2 weeks ago

Gusto ko i try kaso kulang pa ipon ko kay ipon muna ako :)

$ 0.03
1 month ago

Hehe invest mo lang un alam mo na kaya mong mawala :D

$ 0.00
2 weeks ago

Sayang yung kitten😂

$ 0.00
1 month ago

Follow mo lang instructions na sinasabi dun sa post ng airdrop, like sa Twitter, nkalagay dun ung instructions tapos usually ung crypto address paste mo sa comment.. Dami ko nasalihan kaso walang success, once lang ako nka receive ng successful drop heheh!

$ 0.03
1 month ago

Sa una lang masaya hehe.

$ 0.00
2 weeks ago

I am not an expert either, I am learning daily and I study every day, I joined some airdrop but I don't follow them, it consumes me a lot of time, I prefer to get into cryptocurrency trading, I still study the market, it is not so simple and has a lot of risks, I am still learning. Now I am about to enter in Plants vs Undead, and of course in Read.cash. I don't like gambling. I hope you have good luck in your projects

$ 0.03
1 month ago

It was exciting at first joining these airdrops but soon I realized that it's like the sweepstakes lol! How do you find Plants vs Undead? I started with Dragonary.

$ 0.00
2 weeks ago

They have made many changes, I think they were necessary, I trust that soon they will improve a lot, there is very good news. I started with Dragonary, but I see that the investment is very high, because free to play takes a long time to level up.

$ 0.01
2 weeks ago

That's true. It's going to take me a long time indeed.

$ 0.00
1 week ago

Me too asking on how to set up for the airdrop , and I am also curious baout all those so I keep reading, i know it requires alot of patience and understanding for first timer like me

$ 0.03
1 month ago

Parang taya sa lotto lang pala to haha! Hirap manalo :D

$ 0.00
2 weeks ago

Oo nga po, grabe pati puyatan:)

$ 0.01
2 weeks ago

Nag register din ako sa pa airdrop ng rock huehue. 5 palang invites ko ahahaha.

Sa benswap naman, nong una mandin talaga ayaw ko gawin yan gawa ng ang daming process kaso mo, sa huli ginawa ko din madali lang naman pag nagawa mo na. Ngayon, ayon waiting sa pa airdrop ulit si ako haha.

$ 0.03
1 month ago

Di ko na nafo-follow up mga nag joinan ko haha!

$ 0.00
2 weeks ago

I have to learn like you :) I did have some hits and misses on these airdrops. But it's good to get free money or earn from these :) Give it a try but do it little by little.

$ 0.03
1 month ago

There are a whole lot of airdrops happening everywhere but I'm not so keen about them anymore :D

$ 0.00
2 weeks ago

Heheh sa sobrang dami ikaw na lang malulula

$ 0.00
2 weeks ago

it takes practice, willingness to learn and the right mindset

true.. the first time i tried to follow, nagka error2 ako..hahaa pero i reread and tried again until naka stake din sa wakas!

$ 0.03
1 month ago

Hehe kakalito din kasi talaga.

$ 0.00
2 weeks ago

HAHAHAHA nag aabang rin is me ng airdrop pero $CAT palang nakukuha ko at ARG hindi pa ako nakapag stake d pako marunong 😅

$ 0.03
1 month ago

Hehe try na lang stake pag may pang stake na :)

$ 0.00
1 week ago

Same pooo. Gang ngayon nahihirapan parin ako i grasp lahat ng information about dito hays. Still, I am willing to learn and nag invest di. Ako ng $10 hahaha. Pero parang lugi na ata ako. Di ko na alam pinggagawa ko jusko

$ 0.03
1 month ago

Hehe. Pinabayaan ko na nga e hehe.

$ 0.00
2 weeks ago

I do staking, BNB and SPS for me for now. I have Twitter too but not using it hahaha. May I know where do the new coins usually post their free airdrop?

$ 0.03
1 month ago

I have no idea but there are those who tag me in Twitter and if you check on posts by other coins, one way or the other, they share a post about airdrops by other coins.

$ 0.00
2 weeks ago

I haven't invested yet. I am still waiting for an airdrop lol because my tokes are still zero

$ 0.03
1 month ago

Lol! No luck for me still regarding these airdrops.

$ 0.00
2 weeks ago

I created a fixed-term deposit at Nexo yesterday with 8% interest per month. Since I don't know how to stake, I'll just start with that.

$ 0.03
1 month ago

Good for you! Any kind of start is good I guess :) Good luck!

$ 0.00
2 weeks ago

Indeed it need willingness and practice. Like you I couldn't fully understand how it works when Jane publish the article and I guess up until now. I have the willingness but no practice. I have my metamask but I don't stay in Twitter to wait for airdrops. Even in Twitter I had the hard time learning how it works. I hope I could join the others soon. I am more than willing to learn if someone would explain it to me but not in an article because honestly I couldn't really understand it even I read it many times. I have my matemask because someone assist me personally.

$ 0.03
1 month ago

It took me a day or more to get the hang of it and I followed the steps in the article. While reading the article I applied it. It took me many tries to do it. Maybe watching youtube video will also help.

$ 0.00
1 week ago

Me who read the whole article yet didn't understand a thing༎ຶ‿༎ຶ I wanna learn Cryptocurrency too

$ 0.03
1 month ago

It takes a lot of reading :D I still don't have any idea lol!

$ 0.00
1 week ago

Actually I don't have any idea about the crypto trading world.Im just starting to learn it, I only know how to earn but not trading. I can't contribute anything as of now with the content but I am following to learn.Happy weekend!!

$ 0.03
1 month ago

I don't know anything about trading too. One must invest a lot of time to learn about it.

$ 0.00
1 week ago

Since I'm new to this platform, I don't understand what it's about 😅 but I know sooner or later, I will

$ 0.03
1 month ago

That's it :) Just keep reading and learning and you'll get there.

$ 0.00
1 week ago

I was a lad about airdrop. Now reading this article carefully. Interesting one.

$ 0.03
1 month ago

Lots of airdrops happening in twitter it's overwhelming.

$ 0.00
1 week ago

All this is very new to me too. I am happy I managed to set up my smartBCH and buy/stake/farm my eben. Still didn’t managed to participate in any airdrops, but I’ll be looking out for those now too 💙

$ 0.03
1 month ago

They say once you go down the airdrop trap, you can't get out. It's not for me though. It was all fun and exciting in the beginning but got out of the trap quite easily :D

$ 0.00
1 week ago

That’s somewhat true. I can’t stop myself for clicking on another opportunity when I see one 😅

$ 0.01
1 week ago

Join the group of KTH. They will be having airdrop once the tg reaches 2000 members https://t.me/kthtoken

$ 0.03
1 month ago

The best ka talaga!

$ 0.00
1 month ago