Cargo Cult Airdrop Strat
What to do in the event of an Airdrop?
Here is my strategy hope it pays off for you>
In my experience, airdrop farming can be a lucrative endeavor. But, once you receive the airdrop you are faced with a dilemma, to keep or sell the asset.
I’ll keep this short and sweet.
My call after many airdrops is to almost always sell 90–95% and leave the rest in cold storage in the event it might be worth something someday so that you don't have regrets.
Almost always the price of the asset quickly declines post airdrop, and selling sooner rather than later is the right call.
Selling the airdrop token for ETH has always worked out for me. Selling ETH for another token has almost always been the wrong decision long term. Short-term swings can be profitable but don’t partake in this strategy unless you are a full-time degen of crypto.
To farm an airdrop, simply use a chain, project, app, or bridge, that is relatively new, safe, and has not yet produced a token.
Example: ZkSync. GO here > https://zksync.dappradar.com/
1. Bridge some assets
2. Use some apps
3. Come back every week or month and make one or two transactions.
4. Wait for the bull cycle when they launch a token and claim your reward.
5. Not guaranteed, but the community is good at sussing out potential airdrops.
6. Try to do this when fees to transact are low
Good luck my current and future degenz.
May the force of compound interest be with you!
History Lesson on Cargo Cults: Fun Facts!
“Cargo cults” refer to a type of religious practice that emerged in Melanesia in the late 19th and early 20th centuries, particularly after the arrival of European and American military forces during World War II. The term is often used to describe the belief systems among indigenous peoples that ritualistic acts such as the construction of mock airplanes, runways, and the wearing of military-style uniforms would bring material wealth (“cargo”) and prosperity, delivered by their ancestors or other deities.
The phenomenon was most notably observed in the Pacific Islands when islanders, who had been isolated from modern industrial society, observed the vast wealth and technology of the forces stationed there. They did not have the context or understanding to know where this wealth was coming from or how it was produced. To them, the airplanes and military supplies (cargo) seemed to be delivered from the sky by powerful beings, i.e., the foreign soldiers.
When the war ended and the soldiers left, taking their cargo with them, many islanders believed that if they imitated the soldiers’ behaviors and rituals, they would attract the cargo to themselves. They created their own versions of runways, control towers, and even wooden “headsets,” in hopes that the cargo would once again be delivered to them. This was a sort of magical thinking, based on what anthropologists call a “sympathetic magic” — a principle that like produces like.
Cargo cults are a prominent example of what can happen when traditional societies encounter modern, technologically advanced societies, particularly through the lens of what is sometimes called a “pre-logical” framework of understanding.
These cults are often cited in anthropological discussions about the impacts of colonialism, globalization, and cultural exchange. The term “cargo cult” has also been adopted in other fields, such as software development and economics, to describe an approach that focuses on imitating the external traits of a process or practice without understanding its underlying principles or mechanics.
