Thyborg ⚛ Profile picture
Apr 27 14 tweets 5 min read
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
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
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
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.
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_ ✌️

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Thyborg ⚛

Thyborg ⚛ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ThyBorg_

Apr 29
The price of $ATOM has taken a beating over the past couple of weeks, possibly because it somewhat lacks a clear utility. Let's see why the implementation of a Hub model is likely to change that for forever 🧵
First let's remind everyone that the value of $ATOM is not just represented by the price of the coin. In fact most of it's value so far has been in the form of generous airdrops distributed to stakers by the projects building on Cosmos
And right now, all of these chains participating in IBC must implement each other’s light clients. So with N blockchains, you need N * (N-1) implementations.
Read 12 tweets
Apr 28
The Cosmos "alpha" from last week in one convenient thread. That's the rumours or news that have the potential to move the markets in the short to medium term (and for which clever investors might want to position themselves early) 🧵
The founder of a Polkadot-based parachain expects to complete an IBC integration this year
Octopus Network (which is NEAR-based) is also working on IBC integrations after receiving a grant from @interchain_io
Read 7 tweets
Apr 27
The Osmosis bridge vote period is ending tomorrow at 5pm UTC. Here's how I'll personally be voting 🧵
First if you don't know why we need a bridge in the first place, you can have a look at that thread for a bit of background.
Second I'm actually with @wosmongton and I would rather have the bridges compete for a while before picking one
Read 9 tweets
Apr 25
Should #Cosmos projects continue to airdrop a large amount of their total supply to the community? Looking at the price performance of the projects that chose to airdrop against the projects that chose to launch on #Coinlist, the answer is a resounding yes 👇
I took the first price point available through Osmosis / Coingecko API and compared it to the price point for the same ticker yesterday before the weekly close.
The three big "airdrop" projects are up
$JUNO is up 255% from $4.2 to $14.9 since 21-Oct-2021
$OSMO is up 11% from $4.52 to $5.0 since 23-June-2021
$STARS is up 78% from $0.06 to $0.1 since 20-Dec-2022
Read 8 tweets
Apr 24
The bridge proposals are up on #Osmosis governance. But why do we need to select a "canonical bridge provider" in the first place? A quick educative thread on the basics 🧵
#Cosmos (like Polkadot) is an ecosystem of interoperable blockchains. It is optimised for connecting chains that deploy on them natively, e.g Juno & Osmosis on Cosmos, or Moonbeam & Acala on Polkadot.
Chains built with the Tendermint consensus & Cosmos SDK are IBC compatible out of the box, so the whole Cosmos ecosystem can plug in quickly and happily communicate.
Read 11 tweets
Apr 23
The Great Osmosis Bridge-Off is officially on and the vote is open until next Wednesday. Here's a selection of the best tweets & threads I've seen on the topic so far 🧵
@dynamicmanic & @steviewoofwoof with the original Medium post that presents all four candidates
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(