Why the Airdrop of Cosmos Ecosystem Tokens is a Goldmine

Due to the token distribution model of BRC-20, “consensus” has become an indispensable part of cryptocurrency. There are two types of consensus: one formed on CEX (Centralized Exchanges), which reflects the users’ opinion about the token, and the other is community consensus, which is the community users’ view on the token’s value.

Consensus on CEX can provide more liquidity. If the token itself has good value and investors are not inclined to sell, then the price of this type of token will rise on CEX. While CEX offers certain liquidity, it can also lead to price fluctuations, as the consensus on CEX is mostly dominated by Market Makers and institutional holdings. Once selling pressure occurs, it can cause a significant drop in price, leading to the collapse of “consensus.”

Community consensus is considered the most stable form of consensus. The number of people in the community viewing the token can determine the extent to which the token’s project is accepted by users. The more community users holding the token, the less likely it is to face selling pressure. Market Makers cannot make much profit through short-term market making due to high costs. With stable token prices, developers can focus on creating quality products, allowing the entire project to progress as planned without the pressure from investors.

As “community consensus” begins to play a significant role in cryptocurrency, recent projects in the Cosmos ecosystem have adopted it for token issuance. Unlike BRC-20, which allows users to Mint, new projects in the Cosmos ecosystem adopt airdrops of over 50% or even 100% of the total token supply. This allows community users to be the first holders of the token, rather than launching the project on CEX for fundraising.

This is why Cosmos ecosystem airdrops have been very popular recently. Another reason is that the cost of tokens based on “community consensus” is very low, the lowest possible. Unless the project performs a Rug Pull, the price of the acquired tokens will not fall below the cost at the time of acquisition, presenting a significant wealth effect.

How to Participate in Cosmos Ecosystem Airdrops?

Before the airdrop, investors should note that Cosmos airdrops require staking tokens, currently three types: Cosmos Atom, Tia, and Inj. Since staking is required, there are many fraudulent staking websites trying to deceive users; it is not recommended to stake on any third-party websites for airdrops. Only stake on official websites.

Additionally, staking these three types of tokens on exchanges does not qualify for the airdrop.

Guidelines for the Airdrop:

1. Download and install the Keplr wallet

2. Create an account in the Keplr wallet.

The Keplr wallet supports each account having a unique address and mnemonic phrase. Therefore, multiple accounts can receive airdrops.

3. Send Tia from the BingX exchange to your account.

The reason for using Celesita (Tia) is that among the three tokens, Tia is the most cost-effective. Tia has a high allocation in the Cosmos ecosystem, so almost all airdrops include Tia staking. Tia is currently a modular blockchain and represents the latest narrative, so its price has great potential for growth in 2024 (see Celestia price analysis for details). The annual yield for staking Tia is 15%. In summary, staking Tia and then receiving airdrops is the most cost-effective.

Important: Do not use one account to send Tia to multiple addresses. In the airdrop process, this will be detected by the “anti-witch system.” Therefore, using CEX to send Tia to multiple addresses is the safest method.

4. Stake Tia Using the Keplr Wallet’s Staking Service

Staking options can be found within the Keplr wallet, or you can directly go to the Keplr wallet website at https://wallet.keplr.app/ to perform staking. The website address is the same. It is recommended to access the Keplr website through the wallet for staking.

5. Choose a Staking Service Provider

Keplr offers many staking service providers, including CEX, with varying fees. The lowest commission is 5%, meaning the service provider deducts 5% as their commission from the staking earnings. Since staking on CEX does not qualify for the airdrop, it’s not advisable to choose an Exchange as the staking service provider. The following are some staking service providers for reference (listed in alphabetical order):

• Frens
• Lavender.five
• Stakecito
• Strangelove
• Validatus

Note: There is a 21-day lock-up period for staked tokens.

6. Information About Cosmos Airdrops

Follow BingX Airdrop, or visit cosmospug.com/airdrops/ to get the latest airdrop information.

7. How to Purchase Tia Tokens

Users can click on “How to Buy Tia Coin” for a complete tutorial on purchasing the tokens.

Ongoing Cosmos Airdrop Project: Dymension

The ongoing project Dymension is a modular blockchain network built using Celestia and Cosmos. The main reasons modular blockchains are popular are their low development costs, fast development speed, and quick iteration of products. Developers only need to focus on the product, making it the latest blockchain application technology.

The token of Dymension is DYM, with a total supply of 1 billion. 7% is used for airdrops; 40% as rewards for nodes, 40% for developers or RollApp deployers, 10% as rewards for RollApps, 1% for testnet, and the rest for other reward programs. Essentially, 100% is given to the community.

Considering that ZKF also used a 100% airdrop to the community approach, and its token price increased fourfold after being listed on the BingX exchange, it is estimated that DYM’s price will also rise at least fourfold after its release on BingX.

Summary and Precautions:

Recent Cosmos airdrops actively adopt the “community consensus” method, thus having a significant wealth effect. However, new projects also carry higher risks, including false staking, worthless meme token airdrops, and various security issues caused by fake staking.

Apart from the staking services already available in the Keplr wallet, it is not recommended to participate in any third-party Cosmos airdrop staking services.

Due to the airdrops in the Cosmos ecosystem and the advantages of Tia tokens, the number of active addresses in Celestial has doubled in the past week. Therefore, there are many wallets with more than two addresses. If the same wallet is used to transfer between different addresses, it will be filtered out by the project’s “anti-witch attack” mechanism. The best method is to purchase Tia through BingX and then transfer it to individual addresses. Tia’s recent Gas Fee is also relatively high, so it’s more appropriate for users who need to stake to perform the above operations during off-peak hours.

The staking period is 21 days, so it is not recommended for investors with tight funds.