Black Whale: Airdrops could be very crazy.
Preamble
This is piece is computed into two unstructured sections, general insights about the potential of airdrops and a specific draw to the Black whale airdrop.
Airdrops potential
The average crypto user is bombarded by airdrops in their thousands. As the saying goes, ‘there is truth to every rumour’. Yes, truth to the fact that some airdrops have created millionaires and others have impoverished crypto whales. Uniswap airdrop of 2020 was amazing because active users of Uniswap prior to the airdrop were handsomely rewarded. Few years ago, I also benefitted from atomic wallet airdrop and I went home with a hundred buck free money.
The irony of Airdrops
Not every airdrop create millionaires and not all airdrops can bring free money to your table. Some airdrops could even drain your time, data and energy in the end, after market forces render it worthless. They coined these kind of coins or tokens ‘shit’. However, irony is ever agile to poke her strong fists in the face of prediction science, resulting in some shit altcoins creating an array of millionaires. Doge coin and Shiba Inu were not taken too seriously but by the time the public realized their potential markets value, few of their zeroes were swallowed by market forces and millionaires were already created.
Four rules in airdrop participation.
Stick to the rules of the airdrop.
Do not try to beat the rules in any airdrop. Complete all tasks require of you. Tasks could include liking their social media pages, handles and channels on Facebook, Twitter(X), Discord, Medium, Reddit, Instagram, WhatsApp, YouTube and Telegram.
Do not invest what you cannot afford to lose.
Some airdrops might require participants to shunt few utility coins into crypto wallets in order to have their prelaunched tokens airdropped into your wallet. For example, a prelaunch token on Ethereum protocol could recommend moving ETH into a Metamask or Trust wallets as a minimum requirement to having the about to be launched tokens. Since cryptocurrencies are volatile, your investment before launch date could be signaling red or zero after launch date, it is wise to invest what you can afford to lose.
Be cautious of your privacy and security.
Do not divulged very sensitive information which is not necessary during an airdrop. The team conducting airdrops would want to erase the possibility of bots usage in their airdrops, so the required tasks for the airdrops are chiseled in this direction. No team would be careless enough to request a private key to your wallet. If this happens, it is a red flag. To be safe, you need to always do your own research. Always query anything which is too good to be true.
Do not be greedy.
Many crypto-lovers have incurred losses in airdrops, initial coin offering and prelaunch incentives programmes. Why? They allowed greed to get better hold of them. I read of a crypto-trader who used one million dollars to purchase a prelaunched token and four hours into the launch of the new token, he had lost 92% of his investment. When opportunity presents, you should watch your greed index and invest modestly. Thus, when you are into airdrops that require transferring native coins like Bitcoin, BNB, Solana, Matic, etc. into a wallet, transfer only the required amount. Keep your greed index in check.
Black Whale Airdrop
A friend of mine just sent me a link to participate in the Black Whale airdrop. I decided to do my own research on the airdrop and here are the few things that I learnt about it from the airdrop official website and black paper.
A BEP20 ETF Project.
Black whale is a BEP 20 ETF project. It parades itself as the first decentralized finance (DeFi) protocol based on crypto ETF derivatives. BLK is the name of the black whale protocol token and has been renamed xXx in 2024. Value of BLK in crypto exchanges is $20 as at 3 December 2024, attaining an all-time high of $74 nine months ago. The team behind black whale project are Mike Yeung, David Lee, and Keith Kwon et.al.
Purpose of the Black Whale project.
Black whale supports activities such as the minting of ETF derivatives, collateral minting, governance, referral allowance, staking, provision of liquidity, creation of synthetic assets, execution of DAO and PAO.
Black Whale Tokenomics.
Partners.
The official website of the black whale protocol listed Dodo, CoinMarketCap, CoinGecko, Spield Algorithm, Element, Coinhub, BitValue, Bytesmi, BICTMON, BNBBET, Zebra, and BSCS etc.
Astronomical rise in Black whale token.
According to the information on the CoinMarketCap, the Black Whale token was launched in 2023. Its market price rose from $0.0000000000000424 on 21 March 2022 to $74.56 on 24 November 2023, that is, a price appreciation of +46132477010100310%. This is crazy but from these figures, millionaires had already been made. Its all-time high Price has reduced by about 72% as at the time of writing this piece.
Black Whale airdrop is still on
Black whale referral airdrop is still ongoing. Participants can earn two Black whale tokens, BLK ($40) when they sign up using a referral link and complete few tasks on telegram and X (Twitter) handles. Tasks include liking their telegram channels and reposting a clipped message on X. Your trust or Metamask wallet BNB address should be made handy as it will be required during the sign up process.
After completing airdrop process, two BLK token is rewarded to you. Participants could now use their own referral links to invite friends and family members to join the airdrop and reap one BLK ($20) reward per person they referred.
Withdrawal to your BNB wallet is only possible after a participant has earned 10 BLK in total ($200). Airdrop is carried entirely on telegram. Get started with the black whale airdrop here: https://t.me/BLKAirdropBot?start=Bot24338839
Black whale presence on Github is accessed here: https://github.com/BlkWhale while its official website here: https://www.blkwhale.com/.
Conclusion
Some airdrops have created millionaires from the thin air. While airdrops have immense potentials to knot financial freedom, it is also pertinent to be cautious of their disadvantages which include losing a fortune. Black whale airdrop is ongoing and crypto-enthusiasts can participate after conducting their own research. The airdrop is simple to join and it involves completing simple tasks on telegram and X(twitter). No financial investment is involved to secure the airdrop. What is your opinion about this airdrop? Your comments and opinion are highly welcome.
Disclaimer
The content herein should be taken as an entertainment rather than a financial advice. Readers should do their own research before participating in the aforementioned airdrop and should they need financial advice, should consult with a financial adviser.
