FIP Crypto
CT is filled with noisy advice on airdrops and InfoFi. But it’s not always what you think it is.
Here are 17 hard-earned lessons I wish I knew earlier (inspired by @beast_ico’s thread):
Here are 17 hard-earned lessons I wish I knew earlier (inspired by @beast_ico’s thread):
Many ‘influencers’ say without doing
Tons of them are excellent at generating noise, while having no results to back what they say.
Anyone can fake screenshots and claim that they’ve earned tons of airdrops.
But if there’s no onchain history, then I take it with a grain of salt.
Those who succeed will be ones who say what they did onchain and build a credible reputation.
Otherwise, they’re just relying on hype and drama to capture views without providing any value.
Drama gets you nowhere
The algo loves hype and drama, and we’ll get multiple dopamine hits when our engagement goes through the roof.
But drama gives zero value except for boosting your ego, so I avoid it completely.
Once we’re in that loop, we have to keep manufacturing more outrageous drama to stay relevant.
And that will take a huge toll on our mental health.
Giveaways kill your account
We get tons of engagement with giveaways, because who doesn’t like free stuff?
Our follower counts go up, and it’s another dopamine high.
But the algo will only share your content to those who are looking for free stuff.
Like drama, we are stuck in this cycle of constant giveaways to maintain our engagement, and it’ll never work out.
Build trust by making others rich
Quoting from @thedankoe, the only way to build trust is by solving problems in the domains of health, wealth, or relationships.
For airdrops and crypto, we’re in the wealth game, so our account should be all about making others rich.
My strategy is building out my wallet’s onchain footprint, which you may or may not agree with.
While it’s a long-term strategy, it still has given my followers decent wins, so I build trust and credibility with my followers.
Make money first before monetising
Before we can build trust to monetise, we have to show the results that make us credible.
If I started charging for my services at the start, no one would buy from me because there’s no evidence that it’s worth the money.
InfoFi has made it so easy to monetise our following through yapper leaderboards, but how we talk about the project can decrease trust in our account.
So instead of looking to monetise right away:
Make money for yourself or help others make money with your strategies.
Give advice freely on the timeline, or offer your services for free to the first clients.
It gets easier to sell once you have results.
Don’t beg for follows
Begging was not how I got a follow back from @beast_ico and other smart followers.
Begging shows how low self-confidence I have, and these smart accounts will likely ignore me.
No one likes a beggar, so don’t be one.
Instead, I’ll do this:
Leave insightful replies that add to the conversation
To get a follow back, I have to give value first.
And the easiest way is adding to the conversation with my own take.
There are tons of ways to add value to the conversation that go beyond spamming noisy replies from ChatGPT.
Share your opinions and experiences to stand out (because AI can’t do the same).
One quality reply has way more ROI than 1,000 useless replies, especially if they are AI-generated.
I see some accounts flexing their reply count since being a reply guy is the fastest way to grow on CT
But that’s beyond the point:
Focus on leaving fewer but more insightful replies to increase the value you’re sharing publicly.
People will know your intentions
We can’t hide our main goal with our accounts as everyone else knows it.
Yes, we are all here to get rich.
But how we get rich is all that matters:
Do we want to extract as much value as possible, or build long-term wealth?
That depends on what your goals are here.
Get a blue checkmark if you’re serious about InfoFi
A blue checkmark can be expensive to some, but I see it as a commitment to growing an account.
It gives a nice boost to your replies to get noticed more, and shows others that you’re serious too.
We’re playing the long-term game here and it’ll be worth the investment once you hit monetisation.
Right now, what I’m earning from Twitter helps me to cover the cost of Premium+ and other tools I’m using.
So take that risk and it could return you outsized returns.
Friction does not always lead to high returns
Just because a project is underfarmed, doesn’t mean it will be a good cook.
We’ve seen that with Succinct’s airdrop and how even with 25k testnet users, they only received 10 PROVE.
I still like underfarmed campaigns/leaderboards which means that Sybils have not diluted the reward pool.
But sometimes, it can be hits or misses.
Judgment is the most important skill, so we have to hone it to determine which ones are worth doing.
Take more profits
I’ve become more ruthless with taking profits from airdrops.
All of the bags that I held have dumped badly, and I’ve made the mistake of waiting for it to pump again.
Don’t be too emotionally attached to any airdrop, as the capital we get could be used for other airdrops.
With every airdrop I get, I plan to sell a portion at TGE to take some profits, while holding the rest for staking or as an onchain credential.
There is always another airdrop
Everyone complains that there will be another Hyperliquid.
But, so what?
Many have the scarcity mindset and believe that airdrops are dead.
If you have the abundant mindset:
There will always be another opportunity.
Maybe there won’t be another big win like Hyperliquid.
But every small win adds up, and eventually they will compound into long-term wealth.
Saying no is a superpower
Just because there are free airdrop opportunities, it doesn’t mean you have to do them all.
Time is our most precious asset, so we have to protect it at all costs.
Sometimes, skipping the airdrop is the ideal approach, especially if it’s a huge time sink.
No one likes a complainer
Complaining posts get a lot of engagement because the algo loves drama and negative emotions.
But at the end of the day, you’re sharing zero value with your audience and it does nothing to build trust.
Win or lose, there will always be a lesson to learn from every experience.
So look to share those instead of pure complaints.
No one owes you anything
Projects don’t owe us anything.
The Twitter and Yaps algo don’t owe us anything.
Airdrops and InfoFi are ultimately a transfer of value:
We get rewarded based on the amount of value we give first.
And it’s not us to decide how much value we’re giving:
The projects or our audience decide that for us.
The amount of time and effort we put in doesn’t matter.
If our ideas and contributions are deemed valuable, they will be rewarded accordingly.
The real alpha is found when few speak about it
We need to be a critical thinker and reverse engineer why an account would post about a project:
Are they just doing it for a referral, or were they to post about it?
The whole drama over the Gala Games undisclosed shill shows how easy it is to spot ads when different accounts post about it at the same time.
Kaito has made it easier to see which account would do anything to cash out on their audience.
But there are those creators who genuinely post about what they enjoy and they get it right most of the time.
Find those creators by filtering the noise and follow them closely.
Stop focusing on things you can’t control
We like to stress over these factors:
The algo not sharing our content to more accounts
Projects not giving us the airdrops we think we deserve
The price of the airdrop tokens not going up
We have no way of controlling these factors and there’s no point worrying about them.
Instead, we should focus on what we can control:
The quality of the posts we write
The amount of time we spend onchain
How much value we’re giving away
I can’t guarantee how long it takes for the results will come, but I can guarantee that the results will come if you do these consistently.
To build long-term wealth, we have to give value first.
There will always be extractors who look for shortcuts, but the real alpha is providing value consistently.
Value leads to trust.
Trust leads to credibility.
Credibility leads to social capital.
Social capital leads to wealth.
This was inspired by @beast_ico’s post that you can read here:
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