Thread by @ThyBorg_

Many community members have reported missing on significant #airdrops by making small but quite consequential mistakes. I thought it would be useful to go over what you can do to optimize your decisions, so here’s my Ultimate Cosmos Airdrops FAQ thread 🧵

Why do Cosmos projects airdrop?
Most chains in Cosmos are built using the Tendermint consensus & Cosmos SDK, and several received $ATOM grants from important actors like @interchain_io and @ignite_com. Airdrops are a way to acknowledge the help received from the $ATOM community.

More importantly, airdrops are great community builders. It brings a lot of interest and loyal supporters to a project and promotes greater a decentralisation of the token. In #Cosmos, this is often reflected in the long term price performance

https://twitter.com/ThyBorg_/status/1518575975105273859

What have been the biggest airdrops so far?
Several projects have airdropped a massive portion of their total supply. In terms of current dollar value, it would be $JUNO, $OSMO and $STARS in that order. Check out this thread for more details on that

https://twitter.com/ThyBorg_/status/1516449692632158209

Is there a minimum requirement to qualify?
Each project sets its own rules, but the latest airdrops had minimum requirements around 5-10 $ATOM. Considering the number of stakers is going up and the value of $ATOM has gone down, I’d go for 10-20 $ATOM to be sure to qualify.

Is there a limit?
This is called a whale cap, and it has been a hot topic in the community following an issue with the $JUNO airdrop that saw a wallet receive a very large portion of the $Juno total supply. I suspect new projects will be extra careful going forward.

For more on that, here's a underappreciated write-up by @TheJunonaut on the issue and the solution going forward

https://twitter.com/TheJunonaut/status/1518287471729119233

What coins should I stake?
Definitely $ATOM as it is set to become the main currency of the Interchain. I would also stake the smart-contract enabled chains, as the new dApps launching there will likely include an airdrop. That includes $JUNO & $SCRT and soon $OSMO & $EVMOS

Where should I stake?
I would use the #Keplr wallet and pick a validator outside the top 20 to promote decentralisation. Exchange validators and zero-commissions validators are often excluded from the airdrops. I’m planning to release a thread on validators shortly.

How long should I stake?
So far the most serious projects have chosen to take snapshots several months before the airdrop claims, so don’t expect to get free money the day after.

https://twitter.com/ThyBorg_/status/1517254640059920384

I would also expect new projects to limit the number of wallets included and focus on the wallets exhibiting the best behaviours (long-term stakers, governance voters, frequent IBC users etc.)

Anything else I can do?
The big one is to participate in governance, as it is often an “airdrop multiplier”: if you qualify in the first place, the amount received is larger if you participated in governance as well.

This simply means voting for proposals in #Keplr. I would greatly encourage voters to inform themselves before casting their votes, as these are recorded on the blockchain forever.

On that note, I'm planning to cover the entire #Cosmos extensively through educative & digestible threads on airdrops, tokens, teams & projects, so you may consider retweeting & giving me a follow @ThyBorg_ ✌️