Osmosis Airdrop Review: Skill-building Bounty 27 (Hard)
Long overdue but let’s look at the Osmosis airdrop that happened a year and a half ago. Using the Osmosis airdrop table, make arguments if the airdrop was effective in gaining long term ‘active’ participants in the ecosystem.
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> introduction > > > in this analysis we will take a look at airdrop behaviour on osmosis over the last 18 months . > > from airdrop table we will findout the transactions the amount on weekly basis. > >
> ## What Is a Cryptocurrency Airdrop? > > A cryptocurrency airdrop is a marketing strategy that involves sending coins or tokens to wallet addresses. Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent by the company issuing the currency. The ultimate goal of a crypto airdrop is to promote awareness and circulation of a new token or coin. > > ### KEY TAKEAWAYS > > * A crypto airdrop is a marketing method employed by startups in the cryptocurrency space. > * It involves delivering tokens to the wallets of current cryptocurrency traders, either for free or in exchange for a small promotional service. > * The airdrop is meant to spread awareness and increase ownership of the currency startup. > * While some are legitimate, other airdrops have been seen as fraudulent when attempting to steal wallet or personal information. > * Airdrops may be based on those who express interest, hold existing tokens, are intentionally selected, or win raffles. > > \
> ## Understanding Cryptocurrency Airdrops > > A crypto airdrop is a promotional activity typically performed by blockchain-based startups to help bootstrap a virtual currency project. Its aim is to spread awareness about the cryptocurrency project and to get more people trading in it when it lists on an exchange as an initial coin offering (ICO). > > Airdrops are generally promoted on the company's website, social media, and cryptocurrency forums. Coins or tokens are sent only to specific wallets based on the blockchain network or coins held in existing wallets. > > To qualify for the free gift, a recipient may need to hold a minimum quantity of the crypto coins in their wallet. Alternatively, they may need to perform a certain task, such as posting about the currency on a social media forum, connecting with a particular member of the blockchain project, or writing a blog post. > > ### > > Cryptocurrency airdrops are aptly named in reference to physical airdrops using aircraft. Airdrops using aircraft entail the delivery of resources (such as weapons, food, or medicine) that physically drop out of the sky.
> ## Types of Crypto Airdrops > > ### Standard Airdrop > > In a standard crypto airdrop, participants interested in receiving an airdrop simply express their interest in order to receive the airdrop. The individual must provide a valid wallet address, and some airdrops require no additional information beyond this. > > Standard airdrops often have a set amount of tokens to distribute with a limit on how many tokens each individual may receive. Therefore, some standard airdrops are time-sensitive. Though these types of airdrops are popular due to their simplicity, there is nothing stopping a single user from creating multiple wallets to quickly drain the airdrop amount, so these may be more difficult to obtain. > > ### Bounty Airdrop > > Bounty crypto airdrops occur when users perform certain tasks. These tasks often entail raising awareness of a project by posting on social media and tagging the company or retweeting a recent tweet about the project. There may also be referral bonuses or finder's fees for individuals who recruit other users, sign up for the project's newsletter, or join the company's Discord channel. > > In exchange for performing tasks, users often receive points that correspond to how large of bounty airdrop they receive. Users may also be required to earn a certain amount of points before they qualify for their airdrop. For example, a user may be eligible for an airdrop after earning 300 points with each item mentioned above is worth 100 points each. > > ### Holder Airdrop > > Holder crypto airdrops occur automatically based on who is holding existing tokens and how many tokens they hold. Because wallets and blockchain information are part of a publicly distributed ledger, all users of blockchain have full transparency into the wallets and distribution of tokens. > > The downside to holder airdrops is individuals who may be holding tokens may not want an airdrop. Alternatively, holder airdrops ensure that only the largest, most invested individuals receive the benefit. Some holder airdrops may only award an airdrop if members are holding a certain amount of tokens; otherwise, they may pro-rate the award amount. > > ### Exclusive Airdrop > > A more specific type of holder airdrop, an exclusive crypto airdrop occurs when specific people are individually selected for the airdrop. The difference is they may be selected not based on the amount of tokens they have but based on other elements such as time spent on a project, most money spent on non-token activity, or number of posts in a forum. An exclusive airdrop is an even more centralized way of rewarding those closest to the project and may give airdrops to wallets that may not hold any tokens at all. > > ### Raffle Airdrop > > Some of the types of airdrops above may be combined with a raffle airdrop. Often, a project will state the number of airdrops they intend to give and encourage individuals to earn a raffle ticket. This ticket may be earned by holding tokens, earning points, or simply expressing interest. > > Ultimately, the number of individuals interested in the airdrop often exceeds the number of airdrops the company wishes to deliver. Therefore, a raffle occurs and a limited number of wallets are randomly selected to receive the airdrop. > > > > Never share your private keys with individuals you do not know or trust.
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above we can see the weekly transactions on osmosis airdrop table. on the second week on jun14,2021 we see the transactions number on 29.356k TXs which is really good so far which shows that there were active users on this network and also on the third week we can clearly see 29.895k almost 30k transactions which show some increase due to transactions amongst users but then there is a sudden change in the mraket that shows decreasing ni the network due to transactions like it starts from 9295 on 28jun and began the downward until dec13,2021 with 164 transactions.
also on the left we can see on the donut chart we can see the percentage of the transactions on weekly basis . which on 21,06,2021 the airdrop market on osmosis posses 27.7% of the transa