Altcoins

Bored Ape Yacht Club Topples CryptoPunks and other news

Last week, the floor price of Bored Ape Yacht Club (BAYC) NFTs flipped Larva Labs’ CryptoPunks for the first time in history. The floor price is the current lowest price at which a certain type of NFT can be purchased.

A BAYC NFT had a floor price of 53.9 ETH ($215,350) at the time, while a CryptoPunk NFT had a floor price of 52.69 ETH ($210,515).

The change is noteworthy because BAYC NFTs are considerably newer to the market than CryptoPunks, which are widely regarded as the first NFT. The earlier NFTs were introduced in April of this year, whereas the latter was introduced in 2017.

On the Ethereum blockchain, both BAYC NFTs and CryptoPunks are a collection of 10,000 distinct digital items. BAYC NFTs were created by a team of four pseudonymous developers: Gargamel, Gordon Goner, Emperor Tomato Ketchup, and No Sass. CryptoPunks was created by two Canadian software developers, Matt Hall and John Watkinson, whereas BAYC NFTs were created by a team of four pseudonymous developers: Gargamel, Gordon Goner, Emperor Tomato Ketchup, and No Sass.

Late in the summer, CryptoPunks prices soared, with the floor price breaking $100,000 for the first time in early August. Following the project’s biggest single day of secondary trading volume (about $143.5 million on August 28) and major headlines, such as Visa buying a CryptoPunk, the floor was above 100 ETH (around $340,000) by the end of the month.

The floor price of the Bored Ape Yacht Club was less than half that of CryptoPunks at the time. However, the Bored Apes have exploded in popularity in recent months as a result of a series of high-profile events, including the debut of a related Mutant Ape Yacht Club series (free to existing Bored Ape holders) and a star-studded exclusive performance in New York City in November.

As of the time of this writing, CruptoPunk has surged by 60.77% in the last 24 hours with a current price of $0.056439 per FLOOR, reclaiming its slot at the top.

OpenSea users get SOS airdrop

Crypto users who have made transactions on OpenSea became eligible to collect a free Ethereum token called SOS on Christmas Eve, with the quantity of SOS they received being decided by how much money they had spent on NFTs on OpenSea.

By Sunday, more than 240,000 users had claimed the token, which had increased in value by more than 1,000 percent.

The free gifts or tokens were not released by the popular NFT marketplace but by OpenDAO, an independent decentralized autonomous organization that pledged to utilize some of the tokens set aside for itself to reimburse OpenSea users for scams and to assist the expanding NFT business.

Holiday Market News

The weekend was one of the festivities and parties, and as some expected, the market did not seem to have moved much over the weekend. According to reports, Bitcoin remained boxed at $51k Ether, and other major coins made little movement during the holiday.

In the U.K, crypto trading activity was silent on Christmas day and on Boxing Day, while Bitcoin’s trading volume in several top centralized exchanges was low.

Cryptocurrency Airdrops: What are they and tips to maximize them

Money really does grow on trees

Everybody is making money in the cryptocurrency and blockchain industry. Whether you are a miner, a trader, you #HODL, program, consult, etc people are getting paid money. Lots of money. But there is another approach to making that sweet, sweet crypto that has nothing to do with the above list. It’s called an Airdrop, and basically it’s free money.

By normal standards, an airdrop is a simple act of dropping supplies, or troops, or equivalent via parachute from an aircraft. Think the Berlin airdrop, or the Apple Iphone airdrop feature used to troll people.

In the crypto world, an airdrop is the process of distributing tokens to a crypto wallet at no extra cost. Zero. Zilch. Freeeeeeee. Companies that are trying to reward loyal customers, generate awareness about a new cryptocurrency (e.g ICO) or build a database of information for marketing generally employ airdrops.

Airdrops also happen when there is a fork in a cryptocurrency. Think Ethereum (ETH) and Ethereum Classic (ETC), or Monero (XMR) and Monero Original (XMO) and Monero0 (ZMR) and Monero Classic (XMC) and MoneroV (XMV)……You get the point.

But we don’t care about any of that, right? What we want to know is how can we maximize the amount of airdrops received and make that phat phat crypto loot? You can check out this article for what airdrops are Cryptocurrency Airdrops, but in this piece we will see how to maximize the amount of airdrops you receive.

Open a Bitcointalk.org account

This may seem silly but Bitcointalk.org is one of the best resources for anything crypto related, Airdops included. Which makes this first step very important, since in many airdrops, they will request your Bitcointalk nickname to enter.

You will also find that 90% (clearly not scientific) of the airdrops are published here with some being exclusive for Bitcointalk members. It is highly recommended that you “work” your account and raise it to Jr. Member rank, although it is preferable to become a Member to obtain the maximum benefit.

**NEVER EVER GIVE OUT YOUR PRIVATE KEYS. PERIOD

Crypto Exchanges

Gotta register for ‘em all! Each exchange has a specific list of crypto markets they trade. No two exchanges will have the same list of crypto assets, which means if you want to take advantage of Airdrops you will have to be registered on many, many exchanges. Don’t limit yourself you the Big 5: Binance, OKEx, Huobi, Bitfinex, and Upbit. Start opening accounts on lesser-known exchanges like TradeOgre, Cryptobridge, EXMO, Cryptopia, Ethfinix, Etherdelta etc.

Social Media

In many airdrops there are demand tweets, retweets, follows, Facebook page likes, join Telegram groups and so on. If you are willing to hunt airdrops, it is indispensable you open a Twitter account, a Facebook account, an Ethereum wallet and an exclusive Telegram account for airdrops.

As mentioned in the intro companies are trying to make their product shine in the overcrowded cryptocurrency world. To do so they will employ all level of marketing including influencers, paid shills (McAfee – The glorious bastard), and company reps to mount fierce marketing campaigns. If you spend enough time on social media, you will find plenty of opportunities….And scams. Don’t forget to check Steemit and Medium as well.

Be selective

This may seem counterintuitive   as you want to cast a wide net when looking for airdrops, but you don’t want to pull up used tires either. This will save you time and research, and we all know time is money. If the form asks for too many requirements such as your address, that you have a million followers on Twitter or take a selfie, abort that mission. Obviously, discard those who ask for mandatory donations or keys and denounce them to the community immediately.

Bitcoin Prime (Not to be confused with Bitcoin Private) is a good example of a selective airdrop. Plenty of information provided on the thread, and steps to receive the airdrop like: Follow on Twitter, join Telegram group, basic form and which exchange the asset will be traded on. This is a good blog to checkout for airdrops.

Check dedicated Airdrop tracking websites

Because Airdrops are becoming big business, a few sites list airdrops with dates and token equivalency. We know and use Airdropalert, Airdropaddict, Airdroptracker, etc.

FLIP IT!

Rush to your exchange and flip that airdrop. You are not here to speculate on whether a coin has a future or not. You are here to maximize profits and make more BTC. Once you receive your airdrop, go to the exchange it is listed on and start finding the price you are comfortable selling at. Be heartless. This is free money.

If you fall asleep and do not sell at the right moment, the airdrop tokens will lose value and all this work would have been for nothing. Do not be surprised if the original token you were holding also crashes. Let us take the Zclassic and Bitcoin Private airdrop in February, a disaster of epic proportions.

ZCL Airdrop Crash

For starters, Bittrex stated that they would NOT support the Bitcoin Private fork due to issues with the Zclassic wallet – #Yuge Blow. One of the largest exchanges in crypto not being able to guarantee tokens doesn’t bode well for your airdrop. The Bitcoin private fork was originally announced on December 16th and absolutely tanked the price. This is a rare example where an airdrop done wrong can have a drastic effect on price.

Security and Scams

Airdrops are an effective technique to raise awareness about a new token or project, but it can also be used to phish for people’s data, credentials and private keys. Be on guard for scams and swindlers who will try at anything to get your crypto. Store your precious crypto on secure wallets – hardware of software.

And once again NEVER share your private keys with anyone. Not even your grandmother.

Conclusion

Airdrops are an excellent, and legitimate, way to make extra BTC. That’s what we’re here for right? To increase our Bitcoin stack. If you follow these basic steps, you will find that money does actually grow on trees. Until regulation comes into play you should be doing everything to increase BTC. You won’t regret it when Bitcoin hits $50,000 😉

Interested in other cool crypto posts….check out Mining Wars: Bitmain vs Dragonmint and The Price of Bitcoin vs Cost of Mining.

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