How to make Profits in Business
Every entrepreneur will tell you they are allergic to loses. Nobody starts a business to make losses, but to post profits. There are so many secrets of making profits that most business persons are not armed with. Such secrets are possessed by entrepreneurs who have made it in life.
Making profits means travelling a journey towards wealth and financial freedom, which is why you should follow the following rules:
1. Don’t mix friendship with business
In order to make profits, the owner of a business should separate friendship with business; this is the only way you can ensure that your business survives.
Remember some friends are not happy that you are running the business; some of them may be on a mission to finish you so that you can fall to their standard.
Your mind should always focus on business…even if it means losing a friend so as to make profits.
2. Be consistent
In business, being predictable is what your customer expects from you. If you are running a restaurant ensure that the food you provide today is the same food you provide tomorrow and in future. You are allowed to add stock but don’t make a mistake of not preparing a meal that was available yesterday unless no one is ordering it.
Always ensure that opening and closing hours of your business is known to customers regardless of circumstances. If you fail to open today, your customer will move to the next shop and if they find the product is the same as yours then you are likely to lose him.
3. Have the right staff
Having the right staff is the key ingredient of a successful business. This group will either chase away customers or build an empire for you.
Whenever you are seeking staff, conduct the exercise professionally; mixing bribery, nepotism and tribalism may not help you.
It has been proved that most businesses are killed by relatives and people you think they can help you. It’s good to hire someone you are not related because if you do this, you will have all the courage to question him on issues related to the business than a friend or relative.
The right staffs always know if they mess up your business ,they will face the full force of law and no one will interfere, but in most cases if your relatives messes, your community might interfere thus affecting your business.
4. Monitor every coin that comes from the business
Business is all about profits unless you are running a traditional church. In order to make a profit you must monitor every shilling that comes from the business.
Every day ensure that stock count is done then ensure that your employees explain each and every detail of the transactions. You may not be physically there but you can have efficient systems to monitor the business.
5. Motivate your employees
This is where most business owners go wrong and it has resulted to many businesses collapsing.
Once you start treating all employees as thieves, you give them little time to rest, you don’t motivate them with awards, leave, end year party then know that they will gang against you and kill your business.
Employees can be dangerous and the earlier you realize that they are important the better, otherwise you will regret!
Invest in your employees, give them good salaries and make them feel part of the company, that’s the only way you can see results.
6. Don’t focus on competitors, focus on the product
Every business has competitors and if you want to beat the competitors don’t concentrate on what they are doing but concentrate on the quality of the products and services you are offering.
If you focus more on competitors you will lose direction and mess up your business.
7. Employ strategy
Strategy is important aspect of running a successful business. Without strategy, you will not beat competitors.
8. Sell unique products
Being unique means standing out. It might take time to break even but once you have entered the market and people have tested your product, you will make it
9.Know the taste of your customers
Business is all about what customers want. Once you have identifi
Every entrepreneur will tell you they are allergic to loses. Nobody starts a business to make losses, but to post profits. There are so many secrets of making profits that most business persons are not armed with. Such secrets are possessed by entrepreneurs who have made it in life.
Making profits means travelling a journey towards wealth and financial freedom, which is why you should follow the following rules:
1. Don’t mix friendship with business
In order to make profits, the owner of a business should separate friendship with business; this is the only way you can ensure that your business survives.
Remember some friends are not happy that you are running the business; some of them may be on a mission to finish you so that you can fall to their standard.
Your mind should always focus on business…even if it means losing a friend so as to make profits.
2. Be consistent
In business, being predictable is what your customer expects from you. If you are running a restaurant ensure that the food you provide today is the same food you provide tomorrow and in future. You are allowed to add stock but don’t make a mistake of not preparing a meal that was available yesterday unless no one is ordering it.
Always ensure that opening and closing hours of your business is known to customers regardless of circumstances. If you fail to open today, your customer will move to the next shop and if they find the product is the same as yours then you are likely to lose him.
3. Have the right staff
Having the right staff is the key ingredient of a successful business. This group will either chase away customers or build an empire for you.
Whenever you are seeking staff, conduct the exercise professionally; mixing bribery, nepotism and tribalism may not help you.
It has been proved that most businesses are killed by relatives and people you think they can help you. It’s good to hire someone you are not related because if you do this, you will have all the courage to question him on issues related to the business than a friend or relative.
The right staffs always know if they mess up your business ,they will face the full force of law and no one will interfere, but in most cases if your relatives messes, your community might interfere thus affecting your business.
4. Monitor every coin that comes from the business
Business is all about profits unless you are running a traditional church. In order to make a profit you must monitor every shilling that comes from the business.
Every day ensure that stock count is done then ensure that your employees explain each and every detail of the transactions. You may not be physically there but you can have efficient systems to monitor the business.
5. Motivate your employees
This is where most business owners go wrong and it has resulted to many businesses collapsing.
Once you start treating all employees as thieves, you give them little time to rest, you don’t motivate them with awards, leave, end year party then know that they will gang against you and kill your business.
Employees can be dangerous and the earlier you realize that they are important the better, otherwise you will regret!
Invest in your employees, give them good salaries and make them feel part of the company, that’s the only way you can see results.
6. Don’t focus on competitors, focus on the product
Every business has competitors and if you want to beat the competitors don’t concentrate on what they are doing but concentrate on the quality of the products and services you are offering.
If you focus more on competitors you will lose direction and mess up your business.
7. Employ strategy
Strategy is important aspect of running a successful business. Without strategy, you will not beat competitors.
8. Sell unique products
Being unique means standing out. It might take time to break even but once you have entered the market and people have tested your product, you will make it
9.Know the taste of your customers
Business is all about what customers want. Once you have identifi
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🚀 How to make money on Launchpad? (instructions)
⠀
Every cryptan has obviously heard of it, but not everyone has interacted with it. In this post, we'll give you the basis for understanding how it works.
All of the "crypto-terms," we will write in the comments to this post.
➡️ Launchpad is a platform for conducting an IEO (Initial Exchange Offer of Tokens).
In simple terms: you will be able to buy a coin at the minimum price before listing it.
It all starts with the exchange/platform analyzing the project and determining if it's a good fit. If all is well, then Launchpad is announced, which describes in detail the features of the project and its tokenomics.
For example, take already passed Launchpad Binance with Space ID (ID). SPACE ID is one of the largest service providers for Web3 domain names.
↪️ Lauchpad passes in several stages:
1️⃣ Calculated BNB retention period:
• Don't forget to register as well as KYC as you will not be allowed.
• You need a $BNB minimum of $0.1 $BNB, which you will keep on your spot balance or in your staking. The more you have, the more token allocation you will get.
• From the beginning of the first phase, there are snapshots every day that record the number of $BNB in the account until the end of this phase. You should not withdraw or exchange your $BNB during this time if participating in the event.
2️⃣ Subnoscription start:
• Based on the "snapshots", you will see your maximum $BNB limit that you can lock in. Click "Lock BNB" and choose "Amount" -> "All", as the higher the amount, the higher the allocation. Funds are blocked until the end of the event.
3️⃣ Settlement period:
• Directly related to the second item and tells you until what date and time you need to block your $BNB.
4️⃣ Final allocation of tokens:
• This tells you the date and time when you will receive your allocation and $BNB will become available in the spot wallet.
You can check how many tokens you received on the spot wallet. Enter the ticker of the token, at the moment it is called - ID.
5️⃣ Moment of sale:
• Go to "Deal" on the mobile app or Trade -> Spot on the web version, where you enter the ID/USDT.
• Choose "Sell" and "Market Order/Market". Since it may not reach your "Limit Order". We have already selected ID/USDT and we choose 100%. We are waiting for sales to start.
• Time is the most important thing here. You need to be able to sell the token in the first few seconds. You can have your own tactics and strategy, but this one is the easiest.
➡️ In summary, I want to say that the Launchpad system is similar everywhere in its principle, so this knowledge will help you participate in any Launchpad-e regardless of the platform. Always analyze projects personally before entering them.
❓ We see your interest in how you can start making money from cryptocurrency. You are putting up a large number of reactions. Now we plan to start educating you on this.
⠀
Every cryptan has obviously heard of it, but not everyone has interacted with it. In this post, we'll give you the basis for understanding how it works.
All of the "crypto-terms," we will write in the comments to this post.
➡️ Launchpad is a platform for conducting an IEO (Initial Exchange Offer of Tokens).
In simple terms: you will be able to buy a coin at the minimum price before listing it.
It all starts with the exchange/platform analyzing the project and determining if it's a good fit. If all is well, then Launchpad is announced, which describes in detail the features of the project and its tokenomics.
For example, take already passed Launchpad Binance with Space ID (ID). SPACE ID is one of the largest service providers for Web3 domain names.
↪️ Lauchpad passes in several stages:
1️⃣ Calculated BNB retention period:
• Don't forget to register as well as KYC as you will not be allowed.
• You need a $BNB minimum of $0.1 $BNB, which you will keep on your spot balance or in your staking. The more you have, the more token allocation you will get.
• From the beginning of the first phase, there are snapshots every day that record the number of $BNB in the account until the end of this phase. You should not withdraw or exchange your $BNB during this time if participating in the event.
2️⃣ Subnoscription start:
• Based on the "snapshots", you will see your maximum $BNB limit that you can lock in. Click "Lock BNB" and choose "Amount" -> "All", as the higher the amount, the higher the allocation. Funds are blocked until the end of the event.
3️⃣ Settlement period:
• Directly related to the second item and tells you until what date and time you need to block your $BNB.
4️⃣ Final allocation of tokens:
• This tells you the date and time when you will receive your allocation and $BNB will become available in the spot wallet.
You can check how many tokens you received on the spot wallet. Enter the ticker of the token, at the moment it is called - ID.
5️⃣ Moment of sale:
• Go to "Deal" on the mobile app or Trade -> Spot on the web version, where you enter the ID/USDT.
• Choose "Sell" and "Market Order/Market". Since it may not reach your "Limit Order". We have already selected ID/USDT and we choose 100%. We are waiting for sales to start.
• Time is the most important thing here. You need to be able to sell the token in the first few seconds. You can have your own tactics and strategy, but this one is the easiest.
➡️ In summary, I want to say that the Launchpad system is similar everywhere in its principle, so this knowledge will help you participate in any Launchpad-e regardless of the platform. Always analyze projects personally before entering them.
❓ We see your interest in how you can start making money from cryptocurrency. You are putting up a large number of reactions. Now we plan to start educating you on this.
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Tokenomics: what, where, and how? 📊
⠀
There have been requests to break down such a concept as "tokenomics." We heard you. Enjoy reading!
➡️ A combination of "token" and "economics," tokenomics is a general term to describe the supply and demand characteristics of crypto-token. This includes how and how much token is mined or created, how it is released, how it can be used, and how it is distributed. These elements determine the future prospects of the token and whether it will have a sustainable long-term development.
↪️ An example of token allocation from Arbitrum Tokenomics:
• 17.53% is allocated to Investors
• 1.13% is allocated to DAOs in Arbitrum Ecosystem
• 11.62% is allocated to Individual Wallets
• 42.78% is allocated to DAO Treasury
• 26.94% is allocated to Team and Future Team + Advisors
For long-term development, developers seek to implement an incentive mechanism to reward those who support the project and participate in its activities (Individual Wallets). This incentive mechanism can range from mining to stakes, liquidity rewards, and more. Whatever incentive mechanism is used, it is usually designed to work with the protocol so that participants actively engage with it as well as act with integrity. For example:
• Swap (exchanging one coin for another),
• adding liquidity to the pool,
• performing quests,
• buying/selling NFTs, etc.
Developers also pre-determine the supply of tokens, which can also have a huge impact on the price of a token. When a token is created, the project usually does not release all tokens to the market at once - a market filled with a bunch of tokens will negatively affect the price. So developers make a plan for how many tokens there will be and how they will go into circulation. For example, the total stock of bitcoins is 21 million coins, but they are slowly being released into circulation over time through mining.
➡️ Key components of tokenomics
Tokenomics includes several important factors that affect the value of a token both at launch and over time. Let's take a look at some of the key components that affect tokenomics.
1️⃣ Token supply
A simple supply and demand curve is one of the most important aspects of tokenomics. One of the reasons demand for bitcoin is so high is because there is a finite supply of bitcoins. The total supply of bitcoins is 21 million coins, which is why it is called "digital gold. Its finite supply creates a scarcity that theoretically drives demand.
2️⃣ Token Utility
If you have a token, how can you use it? The answer to this question can determine whether your token becomes a mainstream token or if it quickly loses value. The ability to develop a token that has reliable use cases determines whether there will be demand.
3️⃣ Token distribution and vesting periods
When a token is launched, its creators must determine how it will be distributed. It is common practice for developers to allocate tokens, but too high a percentage can make the public wary of a pump-and-dump scheme. Many tokens are also allocated to venture capitalists and other investors. Often for both venture capitalists and developers, vesting periods are set for tokens, meaning they are locked up for a certain amount of time to avoid selling out. The goal is to avoid a large number of tokens suddenly appearing at the same time, which lowers the price.
4️⃣ Token Burning
For tokens with no total supply limit, token burning is used to prevent inflation. Token burning removes tokens from circulation and can be scheduled or indefinite. Binance burns its BNB token quarterly, but Ethereum burns a portion of the tokens sent as a transaction fee. Burning tokens reduces the circulating supply, which hopefully supports demand and preserves the value of the tokens.
⠀
There have been requests to break down such a concept as "tokenomics." We heard you. Enjoy reading!
➡️ A combination of "token" and "economics," tokenomics is a general term to describe the supply and demand characteristics of crypto-token. This includes how and how much token is mined or created, how it is released, how it can be used, and how it is distributed. These elements determine the future prospects of the token and whether it will have a sustainable long-term development.
↪️ An example of token allocation from Arbitrum Tokenomics:
• 17.53% is allocated to Investors
• 1.13% is allocated to DAOs in Arbitrum Ecosystem
• 11.62% is allocated to Individual Wallets
• 42.78% is allocated to DAO Treasury
• 26.94% is allocated to Team and Future Team + Advisors
For long-term development, developers seek to implement an incentive mechanism to reward those who support the project and participate in its activities (Individual Wallets). This incentive mechanism can range from mining to stakes, liquidity rewards, and more. Whatever incentive mechanism is used, it is usually designed to work with the protocol so that participants actively engage with it as well as act with integrity. For example:
• Swap (exchanging one coin for another),
• adding liquidity to the pool,
• performing quests,
• buying/selling NFTs, etc.
Developers also pre-determine the supply of tokens, which can also have a huge impact on the price of a token. When a token is created, the project usually does not release all tokens to the market at once - a market filled with a bunch of tokens will negatively affect the price. So developers make a plan for how many tokens there will be and how they will go into circulation. For example, the total stock of bitcoins is 21 million coins, but they are slowly being released into circulation over time through mining.
➡️ Key components of tokenomics
Tokenomics includes several important factors that affect the value of a token both at launch and over time. Let's take a look at some of the key components that affect tokenomics.
1️⃣ Token supply
A simple supply and demand curve is one of the most important aspects of tokenomics. One of the reasons demand for bitcoin is so high is because there is a finite supply of bitcoins. The total supply of bitcoins is 21 million coins, which is why it is called "digital gold. Its finite supply creates a scarcity that theoretically drives demand.
2️⃣ Token Utility
If you have a token, how can you use it? The answer to this question can determine whether your token becomes a mainstream token or if it quickly loses value. The ability to develop a token that has reliable use cases determines whether there will be demand.
3️⃣ Token distribution and vesting periods
When a token is launched, its creators must determine how it will be distributed. It is common practice for developers to allocate tokens, but too high a percentage can make the public wary of a pump-and-dump scheme. Many tokens are also allocated to venture capitalists and other investors. Often for both venture capitalists and developers, vesting periods are set for tokens, meaning they are locked up for a certain amount of time to avoid selling out. The goal is to avoid a large number of tokens suddenly appearing at the same time, which lowers the price.
4️⃣ Token Burning
For tokens with no total supply limit, token burning is used to prevent inflation. Token burning removes tokens from circulation and can be scheduled or indefinite. Binance burns its BNB token quarterly, but Ethereum burns a portion of the tokens sent as a transaction fee. Burning tokens reduces the circulating supply, which hopefully supports demand and preserves the value of the tokens.
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Crypto = scam? How long before this bubble bursts? 😎
⠀
In 2009, humanity saw bitcoin and embraced it with an open mind. After several years, investors, traders and programmers themselves recognized the uniqueness of the currency, so the rate is currently around $27,000.
➖ So, in order to explain the popularity, we took the main advantages that can be highlighted compared to fiat.
1⃣ Decentralization
Crypto is not controlled by banks or governments, which means it is not subject to political decisions or manipulation.
2⃣ Anonymity
Transactions contain no personal information. All transactions go through the blockchain and smart contract.
3⃣ Quickness
Cryptocurrencies allow for fast and efficient transactions, with no additional intermediaries or checks required.
4⃣ Low fees
In most cases, cryptocurrency transfer fees are much lower than traditional payment systems. For example, to transfer $1 million using cryptocurrency, you will spend ~$10 on fees. In classic payment systems, the commissions are much higher.
5⃣ Investment potential
Some cryptocurrencies, such as Bitcoin, have limited issuance, which can cause their value to rise over time. He has already made thousands of X's since the beginning of his history.
In a world that is constantly changing and interest in crypto is only growing, you need to constantly evolve by mastering new technologies and knowledge. You can learn all this with us!
❔ What do you think needs to happen in the market for the cryptocurrency to scam?
⠀
In 2009, humanity saw bitcoin and embraced it with an open mind. After several years, investors, traders and programmers themselves recognized the uniqueness of the currency, so the rate is currently around $27,000.
➖ So, in order to explain the popularity, we took the main advantages that can be highlighted compared to fiat.
1⃣ Decentralization
Crypto is not controlled by banks or governments, which means it is not subject to political decisions or manipulation.
2⃣ Anonymity
Transactions contain no personal information. All transactions go through the blockchain and smart contract.
3⃣ Quickness
Cryptocurrencies allow for fast and efficient transactions, with no additional intermediaries or checks required.
4⃣ Low fees
In most cases, cryptocurrency transfer fees are much lower than traditional payment systems. For example, to transfer $1 million using cryptocurrency, you will spend ~$10 on fees. In classic payment systems, the commissions are much higher.
5⃣ Investment potential
Some cryptocurrencies, such as Bitcoin, have limited issuance, which can cause their value to rise over time. He has already made thousands of X's since the beginning of his history.
In a world that is constantly changing and interest in crypto is only growing, you need to constantly evolve by mastering new technologies and knowledge. You can learn all this with us!
❔ What do you think needs to happen in the market for the cryptocurrency to scam?
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Don't be impressed by:
1. Money
2. Titles
3. Network
4. Cars
5. Houses
Be impressed by:
1. Kindness
2. Generosity
3. Humility
4. Integrity
5. Positivity
1. Money
2. Titles
3. Network
4. Cars
5. Houses
Be impressed by:
1. Kindness
2. Generosity
3. Humility
4. Integrity
5. Positivity
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Affirmations to Tell Yourself Every Day:
💥, I create my own reality.
💥, I am grateful for all that I have.
💥, I am happy and excited about life.
💥, I am healthy and full of energy.
💥, I am confident about who I am.
💥, I have inner peace and joy.
Share 💫 @Busines_Insight
💥, I create my own reality.
💥, I am grateful for all that I have.
💥, I am happy and excited about life.
💥, I am healthy and full of energy.
💥, I am confident about who I am.
💥, I have inner peace and joy.
Share 💫 @Busines_Insight
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3 Sources Of Obtaining Wealth:
1) TIME For MONEY
2) MONEY For MONEY(Investing)
3) MSI (Multiple Streams Of Income)
1) TIME For MONEY
2) MONEY For MONEY(Investing)
3) MSI (Multiple Streams Of Income)
👍5
Do you enjoy reading this channel?
Perhaps you have thought about placing ads on it?
To do this, follow three simple steps:
1) Sign up: https://telega.io/c/Busines_Insight
2) Top up the balance in a convenient way
3) Create an advertising post
If the topic of your post fits our channel, we will publish it with pleasure.
Perhaps you have thought about placing ads on it?
To do this, follow three simple steps:
1) Sign up: https://telega.io/c/Busines_Insight
2) Top up the balance in a convenient way
3) Create an advertising post
If the topic of your post fits our channel, we will publish it with pleasure.
👍11❤5😱2🤨2🔥1👏1
Another way to make money on crypto 👨💻
⠀
We see that you are interested in the topic of making money on crypto. Especially under the post about testnets. But first, we decided to tell you a few more ways to earn money. And next, we're going to start with the Ambassador Program (AP).
It can take several weeks or even months from the start of the project search to the market release. Developers are engaged in its creation and promotion. But what is an ordinary user to do all this time? There is a solution - Ambassador programs!
APs are created to attract the interested users, ready to invest time and energy into creation and development of the community.
📌 Ambassadors are users who help create content, manage the community in social networks, expand the audience and develop it.
AP is a way to make money for those who have little or no deposit.
🔤 Why are projects looking for endorsers?
• to spread hype around the project
• create a community of interested users
• to improve the project and find mistakes.
The Ambassador gets rewarded with project tokens or access to private and early sales.
You don't have to be an article-writer or a photo/video masters master in order to join the Ambassador program, other services can do that for you. But the content created by you personally is valued many times more.
↗️ It is important to understand: this is not the way for fast enrichment. You have to really work here.
The key point in this kind of earnings is NOT how cool you make content, but how quickly you find a good project with an Ambassador program. Since ambs attract a large number of people, speed of action is extremely important here.
🥅 For an example of an amba, we can talk about the Cudos project. The project paid its Ambassador from $ 500 to $ 2000. But this project has already completed the recruitment of ambassadors and now it is VERY difficult to get there.
About all the features of this type of activity is impossible to tell in one post, so maybe in the future will tell more about this topic.
Share ✅ @Busines_Insight
⠀
We see that you are interested in the topic of making money on crypto. Especially under the post about testnets. But first, we decided to tell you a few more ways to earn money. And next, we're going to start with the Ambassador Program (AP).
It can take several weeks or even months from the start of the project search to the market release. Developers are engaged in its creation and promotion. But what is an ordinary user to do all this time? There is a solution - Ambassador programs!
APs are created to attract the interested users, ready to invest time and energy into creation and development of the community.
📌 Ambassadors are users who help create content, manage the community in social networks, expand the audience and develop it.
AP is a way to make money for those who have little or no deposit.
🔤 Why are projects looking for endorsers?
• to spread hype around the project
• create a community of interested users
• to improve the project and find mistakes.
The Ambassador gets rewarded with project tokens or access to private and early sales.
You don't have to be an article-writer or a photo/video masters master in order to join the Ambassador program, other services can do that for you. But the content created by you personally is valued many times more.
↗️ It is important to understand: this is not the way for fast enrichment. You have to really work here.
The key point in this kind of earnings is NOT how cool you make content, but how quickly you find a good project with an Ambassador program. Since ambs attract a large number of people, speed of action is extremely important here.
🥅 For an example of an amba, we can talk about the Cudos project. The project paid its Ambassador from $ 500 to $ 2000. But this project has already completed the recruitment of ambassadors and now it is VERY difficult to get there.
About all the features of this type of activity is impossible to tell in one post, so maybe in the future will tell more about this topic.
Share ✅ @Busines_Insight
👍9❤1
AirDrop: what, how and why? 🎁
⠀
Some of the "cryptans" haven't yet moved away from the fomo on Blur's drop, and then Arbitrum showed how you could make "Life Change Money" in quite simple actions. But not all of our readers fully understand what airdrop is and how you can make money with it. Let's understand it in more detail!
Drop or AirDrop - is giving out tokens for users who made some actions for the development of the project in the past.
➡️ The main purpose of an ardrop: to create a buzz around the project and attract new users (marketing ploy).
To conduct the drop, projects allocate a certain percentage of the total number of issued tokens in advance. What percentage will be allocated is prescribed in the tokenomics, in the "Community" section.
➡️️ Airdrops can be divided into three types:
• "Fast" Airdrop. The project distributes tokens for minimal actions in a short period of time. For example, for filling out a form, voting for a token on the exchange, etc. It is quite easy to qualify for such giveaways. Because of that, there comes a huge number of people who want to get free tokens. And the amounts of such drops leave much to be desired.
• Drop for Holders (token holders). Rewards for people who held (or continue to hold) a particular crypto-asset. Projects take a "snapshot" of the balance at a predetermined time to determine which wallets get the drop.
• Retrodrop. The project rewards users who have taken a certain action in the past. For example:
- swaps (exchanging one coin for another);
- adding liquidity to the pool;
- performing various quests;
- buying/selling NFT, etc.
But unlike a "quick" drop, you will need some money to cover commissions for such activities.
➡️ The conditions for retrograde are often announced post-factum and you can only hope for the correctness of your actions. But because of all the complexities and surprises, retrodrops are the most profitable of all.
🟠In our new infographic you can see the most sensational retrodrops of the last couple of years.
P.S. All amounts taken are market averages. It all depends on how many activities were performed, for what volume and at what price the tokens were sold. The amounts are specified per 1 account.
⠀
Some of the "cryptans" haven't yet moved away from the fomo on Blur's drop, and then Arbitrum showed how you could make "Life Change Money" in quite simple actions. But not all of our readers fully understand what airdrop is and how you can make money with it. Let's understand it in more detail!
Drop or AirDrop - is giving out tokens for users who made some actions for the development of the project in the past.
➡️ The main purpose of an ardrop: to create a buzz around the project and attract new users (marketing ploy).
To conduct the drop, projects allocate a certain percentage of the total number of issued tokens in advance. What percentage will be allocated is prescribed in the tokenomics, in the "Community" section.
➡️️ Airdrops can be divided into three types:
• "Fast" Airdrop. The project distributes tokens for minimal actions in a short period of time. For example, for filling out a form, voting for a token on the exchange, etc. It is quite easy to qualify for such giveaways. Because of that, there comes a huge number of people who want to get free tokens. And the amounts of such drops leave much to be desired.
• Drop for Holders (token holders). Rewards for people who held (or continue to hold) a particular crypto-asset. Projects take a "snapshot" of the balance at a predetermined time to determine which wallets get the drop.
• Retrodrop. The project rewards users who have taken a certain action in the past. For example:
- swaps (exchanging one coin for another);
- adding liquidity to the pool;
- performing various quests;
- buying/selling NFT, etc.
But unlike a "quick" drop, you will need some money to cover commissions for such activities.
➡️ The conditions for retrograde are often announced post-factum and you can only hope for the correctness of your actions. But because of all the complexities and surprises, retrodrops are the most profitable of all.
🟠In our new infographic you can see the most sensational retrodrops of the last couple of years.
P.S. All amounts taken are market averages. It all depends on how many activities were performed, for what volume and at what price the tokens were sold. The amounts are specified per 1 account.
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