What is airdrop and why do I get it for holding Rug?

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Avatar for RugRugToken
3 years ago

Airdrops, not faucets:

A faucet is a constant drip feed of small amounts of the rooms primary token given out to people to drive up interest. Air drops are handed out to people already holding the coin as a reward on investment usually with a max amount to be credited. It's the same as holding stocks, you get a dividend for investing in the company. Air drops are usually not the token you're holding with a mix of other community projects. This means that air drop tokens are a good hub for finding new groups and generally can help new tokens starting out find investors or get their word out. People getting your token of course can always sell but they'll know you exist and they might want to know more. Faucets meanwhile are made to draw personal attention to the project hosting them.

Rug's air drops are decided by the current price of rug, as the price fluctuates so does the amount of token being handed out to the people holding rug. Currently there's 5-10% interest being handed out weekly in the air drop room with the last tokens being used were:

Mist SEP20
Honk SEP20
Cyfrog SLP
RNEW SLP
Cats SEP20

Up to 100 rug were being credited with the middle users holding around 20-40. This means weekly people could get good returns on their rug while rug continues working on itself as a token and growing it's use cases and customer base.

The tokens you get aren't free, they're the return on the rug you're holding and that's why you get them. Non rug holders don't get these tokens and it's part of how rug gives back to it's users without just buying dips and selling highs.

Other spaces we're in: read.cash/@RugRugToken
twitter.com/RugRugMoon
Telegram Link - t.me/RugRugRedemption app.mistswap.fi/add/BCH/0x2FBd3dDceCd02A95D712C4185aE0eB8C87c4a327

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+ 1
Avatar for RugRugToken
3 years ago

Comments

Excellent article! It is of great help for those who want to start! Greetings

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3 years ago

Thank you! Glad to see you like it!

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3 years ago

This is a promising projects. I would get on board immediately while its still fresh. Thank you for sharing this opportunity to us.

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3 years ago

Happy to see our interest, check out the telegram where most of our talking is done. We're around 200 members large.

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3 years ago

If I talk about Rug Rug token, then It was great idea to reward all Rug Rug token holders. It was rear reward system introduced by you. I hope you can approach in better way to others as well. BCH community will like your efforts, put all of them in positive sense.

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3 years ago

I can't claim the credit! The first time I saw this it was being done by Refund token on SLP.

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3 years ago

I talk about my own experience. Yup, your experience is old than me. Good thing is always appreciated.

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3 years ago