So, Boundless launched yesterday and a bunch of folks were stoked to find out they got the airdrop. Even better, the allocations were pretty decent, which is kinda rare these days. For once, I didn’t see anyone complaining on X about the drop, just a lot of good vibes.
But here’s the bigger question: can this concept actually stick around? Boundless aims to give every blockchain a taste of zero-knowledge (ZK) tech. If it pulls it off, we could see improvements in speed, privacy, and security across Web3. The tricky part will be if developers actually jump on board, if the incentives keep people interested in the long run, and if it can really stand out from all the other ZK projects out there.
The airdrop might have gone well, but the real challenge is whether Boundless can turn all that excitement into actual adoption and show that "ZK for every chain" is more than just a catchy phrase.
Who received the ZKC airdrop?
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Zk projects seems to drive huge adoption taking optimism into consideration. I think Boundless might stand the same chance as would its predecessors and have invested little in it as it went live on BG platform, hoping to get a good ROI.
Well I do not hunt for the air drops alot any more. I did not even know this air drop was going to happen.
I did read about it and saw it do lose 50 percent after the air drop. I do think this does happen alot with the free air drops. The hunters just do sell their free coins and well now we see what does happen to the prices.
https://www.ccn.com/analysis/crypto/boundless-zkc-token-price-tanks-mainnet-launch-airdrop-flood-sell-off/
I followed this project because it was in kaito with huge oversubscription.
To be frank the airdrop were only massive for yappers and provers. There's not really any airdrop for other activity such as roles etc.
But, people who bought the presale through airdrop are making good money, even after the significant drop they're still up 3x.
I saw this token on Binance and wondered what the hell I was seeing. First, the token rose so much that it reached $1.88, but then I saw a big drop that couldn't recover and remained stable. It didn't rise much and is slowly falling. I think the people who bought at $0.30 or below and sold very quickly at $1.88 are the only ones who managed to make a big profit. I've stayed away from this type of investment because after everyone sells, the token rarely rises much.
I have been IDO participants of ZKC, invested 2320 USD, got 12k ZKC with 50% Unlocked during tge, and rest locked for 6 months. I turned my 2320 to be almost 7k USD, and i see the rest of locked tokens as my airdrop. This is one of successful ZK based airdrop.
As for ZKC, it's focusing on proving, and many chains are using it right now. Don't you even see how BOB, Hyfi or even Base are using it for proving purpose? Trillions of cycles already generated, and it still grow and may do more expanansion very soon.
This idea can survive for long term.
I don't do Airdrop hunting so I didn't work for ZK Airdrop either. I saw a few people get Zk's rewards, but they weren't very big individually. There was some hype around it being listed on Binance and the price didn't go down much. If Binance hadn't listed it, Airdrop hunters would have gotten even less rewards based on USDT. It is better to spend that time doing something else instead of chasing these Airdrops. Because Airdrops only waste time. The value of time is much more than the amount of rewards you get from Airdrops.
cold5tor4geSenior Member
Posts: 349 · Reputation: 1415
#8Mar 21, 2020, 02:03 PM
50% is quite huge and the impact and implications of airdrops and bounty coins distribution before launching in exchange, this have been the Faith of most new projects lately, those that don't have experience always fall into the trap of getting their projects on a bad footing from the activities of Airdrop hunter who drag the price down, so much with no hope of recovering, the coin may have zero support and that will most likely keep the price down for long.
SilentGuruSenior Member
Posts: 432 · Reputation: 1445
#9Mar 21, 2020, 04:00 PM
It got listed in upbit, and other big exchanges. The price may not be as high as in binance listing but they've got plenty of liquidity going and honestly knowing there are something like HYPE, and ARB airdrop. I don't really think airdrop is a waste of time.
People who trade on hyperliquid from day 1 to chase the airdrop are literally making millions. Something that majority of people couldn't achieve in a lifetime.
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