You know your boy Chico has been on top of the game regarding airdrops. We were the first crypto YouTuber to bring uni swap to the limelight, we called the 1inch airdrop, and we called another one, just a couple of days ago, fur combo. But we ain’t getting it!? Why? Find out that, plus more airdrops coming in 2021, ranked from the most likely, to the least…because it’s time for Chico Crypto! Yes, I covered Furucombo December 26th as a highly possible defi based tool that could be airdropping tokens to those that have used the tool. Well, they are airdropping their tokens as I predicted, but they pulled some baloney. As we can see from their article, they are dropping combo tokens to those who used the combo tool before December 23rd. OUCH…as I missed the cutoff too for this…Although, it might not be that bad of baloney, and I see why they chose that date. As we can see, the Combo token was announced on December 23rd.
So that is the reason… A bummer not in the summer, but more in 2021 as the trend of airdropping has been set. So let’s go through who I think could be dropping,…including some I’ve covered and some new ones…who’s gonna do it, who most likely gonna do it, and who has a chance of doing it. And there a bonus too, you learn Defi, by trying out these tools, you understand the nooks and cranny’s of this financial revolution, before anyone else… and that is not a bad thing. So #1, it’s DYDX, the decentralized margin trading exchange…which I covered in that video December 23rd, but also December 5th as possibly airdropping. Why? Well, because I think it’s very likely…and it comes down to the first time I covered the possibility of November 4th, let’s watch that clip now. That is why they have spoken on Podcasts about it months ago and were seriously considering it. The podcast host from cryptotesters said Ryan Adams of bankless was the first to speculate on DYDX doing a token airdrop. Well, ole Ryan just put out a bankless blog post…titled none other than “How to earn token airdrops,” which he is doing a similar thing, putting forward projects which he thinks could be airdropping; his blog is linked below…and guess who his #1 airdrop pick was?? As we can see, DYDX…
Optimistic Token in Bitcoin
great minds must think alike. So, #1 is DYDX, and of course, links for all these defi tools are also in the description for you to try out….who do I think is #2, more than likely going to do it?? Well, I covered it last week, so I’m not going to dive deep into it again, but its likely Radar Relay put out an end of the year letter to their community and said, “While most of you aren’t shareholders (yet), you’ve invested your time and energy to help us grow. This letter is to you… Shareholders…yet. That’s a total hint of a coming airdrop…and what’s funny is Radar in August, integrated with DyDX, decrypt covered it…Single click margin trading with Dexes. Chico, you a covering old content; well, that is because I think it’s highly likely they do….but you want something new & out of the left-field? How about an optimistic token?….Yes, from Optimism PBC and their rollup coming in a limited manner January 15th… No one thinks they will do a token…except Chico. Why??? He is “uncertain” about the second half of Optimism’s plan, quadratic funding that may involve adding a network token beyond ether…. An optimistic rollup token!? Yes, I think so….
Although below, it said this “However, Optimism’s Ben Jones clarified there are no plans for a new network token….yet, nor any hard date for a beta launch comparable to what Lightning Labs and Blockstream had for bitcoin in 2018. Back in February of 2020, almost a year ago, the optimism team didn’t plan for a network token….the key WORD, highlight it. YET… There are plans…why?? Well January 1st, optimism put out an end of the year review blog post. They spoke on the year, the upcoming limited mainnet with synthetic, the full test net in March…but they also said this at the bottom “Look out for our post in January about what’s on our plate for 2021, our path to decentralization, new members of our team and more! The key here is our path to decentralization. That path is only done through a token…a governance one, creating decentralized protocols.
So how could this work for the rollup? Well, let’s go to ETHhub’s simple overview of a rollup. As we can see, off-chain aggregators are the block producers in the rollup chain who process the smart contracts from users, and they note at the bottom, “Anyone can become an aggregator as long as they lock a bond in the smart contract.” So the block producers lock a bond, which they can lose if they submit fraud, but for doing this, honestly and efficiently, they get the fees from the users for utilizing the rollup chain. Many have thought it will be Ethereum, which will be the only bonded token, which there will be used to bond, but sometime this month, I predict we get the announcement of their token, the 2nd token used for bonding as well as governance. So, play with their testnet…figure out how, and if you didn’t play with Synthetix Mintr on layer 2, there is still a chance, the demo is winding down, no transferring from a layer.