Experience more DeFi projects and be a real DeFi player

Yesterday was another good day for many old players in the circle. The well-known DeFi project AMPL issued airdrop tokens. One of my addresses got 280 airdrop tokens, calculated according to the price at that time The value is about RMB 7, which is higher than the value of the uni airdrop at that time.

The airdrop token issued by AMPL is its governance token FORTH. The scope of investors who are eligible to receive FORTH tokens this time is very wide: before March 30, 2021, all addresses that have held AMPL tokens, addresses that have interacted with the AMPL project contract, and addresses that have participated in the Geyser project Eligible to receive tokens.

Interestingly, the market value of the FORTH token was higher than that of the project's own token, AMPL. As of this writing, FORTH's total circulation market cap is $540 million, and AMPL's total market cap is $460 million. This is enough to prove that everyone is enthusiastic about FORTH, and it also proves that investors are optimistic about the follow-up development of the AMPL project. Of course, this has a lot to do with the current market heat.

In addition, FORTH was listed on Coinbase as soon as it was born, which is very rare in various currency circle projects, and it is also the first algorithmic DeFi project such as AMPL to be listed on Coinbase.

AMPL’s airdrop event once again demonstrated a truth. In this field, opportunities belong to those who dare to try new things. This is what I have emphasized in the article.

I often suggest that our readers try various DeFi projects by themselves, feel the user experience, and feel the operation process. I remember that the first project mentioned was Uniswap, because trading is a basic operation in this field, so every investor who pays attention to DeFi should try trading on Uniswap. This is not only conducive to deepening our understanding of the project itself, but also conducive to cultivating our intuitive experience of the entire DeFi ecosystem.

I remember that AMPL was very popular from June to August last year, but at that time, the three major exchanges did not list this token. Later, it was rumored that Binance might want to list it, but in the end it didn’t matter, so you had to go to buy this token at that time Centralized exchanges such as Uniswap and Balancer.

To some extent, this is forcing investors to try the trading process and gameplay of decentralized exchanges. At present, I have looked at the exchanges that support AMPL, and there are still no shadows of the three majors, so investors mainly trade through decentralized exchanges.

From the Uniswap airdrop last year, we have seen the 1inch airdrop, the Tokenlon airdrop, and today’s FORTH airdrop. These airdrops have a very wide audience, and many old players have received these four airdrops at the same time. The airdrop rewards for each ordinary user of these four major projects add up to almost 200,000 RMB, which is equivalent to the annual income of a worker.

If you count the airdrops of other large and small projects, it can be said that almost all users who have tried to operate DeFi projects can get rewards in various airdrops.

If we continue to look back at the development history of digital currency, from buying Bitcoin and Ethereum in the early days, to participating in ICO and other events, almost every investor who dares to try boldly can get rich returns from it. Moreover, the cost of participating in these events at that time was not high. Investors did not need to bet heavily to gamble, and they only needed to spend some spare money to try to gain something. It's all about testing the attitude and engagement of investors, not their financial resources.

I believe that such examples will appear in the future, not only in the DeFi field, but also in other fields such as NFT. Why? Because a project in this field needs long-term development, it cannot be separated from users, and it cannot be separated from the community. The best way to attract users and grow the community must be direct rewards to users and the community. Therefore, there will be opportunities in the future, but the opportunities will still only belong to those investors who dare to try new applications in the circle.

If we have not received an airdrop from last year to this year, then we really need to review whether we really pay attention to DeFi and whether we really believe in its value.