FIP Crypto
Succinct caused so much chaos because many believed that fewer users would lead to a guaranteed win.
But that didn’t happen, and many didn’t see their efforts pay off with their allocation.
Here are 4 truths every airdrop hunter should learn from this:
I like underfarmed opportunities because they give me a higher chance of getting a good ROI.
But there’s no guarantee that it’ll cook hard just because it has a high barrier to entry.
Everyone was hyping up the Succinct testnet because there were only 25,000 users, so it was a ‘guaranteed cook’.
But in the end, some were given low allocations.
I barely did anything on the testnet, so I definitely cannot complain about mine.
Gated + gamified testnets have become the new meta, but I’m skeptical about them.
Anoma is another one that adopted this approach, and I’m fine with skipping it entirely.
I usually do not participate in testnet campaigns because most have given me a poor ROI.
In the case of Succinct, the games were fun, but I did not have the motivation to check in religiously to complete them and earn stars.
If it feels like a second job to me, then it’s one that I would skip.
I don’t see a point in grinding for an airdrop, unless there are some benefits to building my onchain footprint.
But many were also angry over how Succinct ‘overallocated’ to Discord contributions:
I’m not a fan of Discord-based airdrops, as it’s a huge time sink that requires a lot of effort.
With many teams now rewarding Discord contributions (like Succinct and Eclipse):
You may be tempted to go down that path too.
But it’s likely that you have to fully focus on one project to get a good return.
Time and capital are our resources, so we have to be extremely careful with how we allocate them (especially our time).
Going all in on one airdrop is a huge gamble:
All the time you spend on a project could ultimately give you no allocation at all.
I choose to diversify my risk, and that’s why I still prefer interacting onchain instead of a closed platform like Discord:
Interacting with Succinct’s ecosystem projects exposed me to other tokenless protocols apart from just Succinct.
In the event that they didn’t do an airdrop, we still have chances with these tokenless projects.
We have evolved from airdrops rewarding you for doing basic tasks to ones where you have to prove that you deserve the drop.
And projects get to decide what is considered a meaningful contribution to them.
One of the highest allocations I’ve seen so far is by @pixnvm, who created the Succinct PFPs.
And it was expected that she got a high allocation since the Succinct team used her art as their PFPs.
But does that mean you should start creating PFPs for every project?
Absolutely not.
You can do it, but don’t expect anything significant in return.
If it’s truly valuable to the team, then they will reward it accordingly.
Airdrops are now a transfer of value, but the projects are the ones to determine what is valuable or not.
The principle is the same when writing content:
I can claim that my post is ‘high-quality’ just because I spent hours writing it.
But if my audience doesn’t engage with it, then they don’t think it was high quality.
In the same way that my audience decides the quality of my content, projects get to decide the quality of my contributions.
It doesn’t matter how much time and effort we put into our contributions.
Ultimately, I do what I can with my time and capital and try to cover as many bases as I can.
A project that truly cares about its community will want to reward its most aligned users.
But if I get nothing at the end, then so be it.
We can’t control the outcome, but we can control how much time and effort we put into each project.
Even though we got nothing from our onchain footprint, the ‘Proving the Future’ allocation still fits my modular infra strategy:
Be active on projects that use an infra project and get their airdrop (similar to PYTH).
It’s possible that some of these projects with an allocation could reward their users, but I’m not banking on that.
Instead, there’s still 20% of the allocation left for future incentives.
It’s possible that onchain users could get some of this allocation, and I plan to interact with infra projects that use Succinct.
Especially those where I can stack with other modular plays.
I shared my full modular infra strategy below:
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