New Retroactive Trend And How To Make Money In “Downtrend” 2022.

July 9, 2022 - Around 8 mins mins to read

How to change positions thanks to the upcoming retroactive trend? The article presents the author’s views on the current status and upcoming trends of Retroactive.

Retroactive is a form of airdrop project for users who have supported, used or contributed ideas for the development of the product in the past. Retroactive is one of the fastest ways to help users change positions from small capital even no capital. However, Retroactive is gradually failing to meet its inherent purpose and the opportunity to hunt for attractive airdrops is decreasing.

New Retroactive Trend And How To Make Money In "Downtrend" 2022. 4

This article will provide reasons why retroactive methods are becoming obsolete and project new retroactive trends that are likely to be highly profitable in the future.

Why Is There About To Be A Shift In The Retroactive Trend?

Purpose of Retroactive

Grateful to the community

The first good purpose of retroactive is to thank the community for using and contributing to the development of the project in the past. Those users play an important role in helping to complete the project up to the time of the token release. Therefore, the project’s wants to donate part of the results to the community is completely reasonable.

Attract users to use the project

Retroactive is an effective promotional tool for the project. There will be information channels, users will spread news related to the airdrop, thereby helping the image of the project spread more widely. The project also often uses airdrop announcements to share its good points or vision in order to attract new investors and users.

Many projects also use retroactive to vampire attack other dApp users to use their products. A typical example of this can be mentioned that LooksRare and many other NFT marketplaces airdrop to OpenSea users.

Token distribution

Tokens that want to be traded must have liquidity. This means there must be a seller and a buyer. Initially, only the project holds tokens and no one sells them, so they need to distribute some of their tokens to create liquidity in the market. An airdrop is an effective form for the above purpose.

In short, the original purpose of retroactive is good and can be seen as a win-win for both the user and the project. However, the current status of retroactive is gradually deviating in a more negative direction, such as:

The number of users hunting for airdrops is increasing day by day. These users do not add value to the project and if they are airdropped, those tokens will also be released.
Airdrops go hand in hand with anger and FUD from the community. The number of airdrop hunters is increasing, everyone thinks that they should receive the airdrop or should receive more. Instead of attracting attention from the community, what the project received was just anger and a flurry of FUD about its product.

From the perspective of the project, do we want to give tokens to users who just want to release tokens or suffer the pressures and consequences of the current retroactive model?

From the recent airdrop events, Coincu thinks that projects will gradually change and not apply the current retroactive method. The airdrop hunting that many people are doing now will also become obsolete.

Solution

Retroactive is still an effective way to create liquidity for the project’s tokens, so this method is likely to still be applied. However, the two main problems that make retroactive no longer effective lie in the fact that the airdrop project has become a normal thing and no longer has the same attraction factor as before.

Besides, too many airdrop hunters have lost the meaning of retroactive and negatively impacted the project.

The effective solution to the above problem is to raise the difficulty of retroactive. Instead of just using the product, you will receive an airdrop. The project will require users to have more knowledge, experience the product and contribute more to the project.

Projecting Retroactive trends in the near future

Retroactive trends are likely to be applied in the near future

Real User Rewards

Projects will raise the bar to filter out airdrop hunters and reward real users.

So how do we know what the “real user” is?

→ Users will receive something to certify their contributions. These can be NFTs, a special place in the discord for the user to do additional tasks. This can be considered as the next door for users to receive retroactive.

Examples can be mentioned as Guru Dex, the NFT airdrop project that gives users tips when using the product. That NFT will be used to participate in hidden Discord and vote on future proposals including airdrops. Would the voters want to share their airdrops with those who didn’t vote?

In short, to receive retroactive in the near future, users will need to contribute more to the project, and projects that apply this model will certainly have a certain “certification” to give to users.

Rewards for jobs with high difficulty

Some jobs have high difficulty but attractive rewards such as:

1. Run node

This is a high-difficulty contribution type and has the potential for great value retroactive rewards. Running the node requires a bit of engineering in the process, so the current number of participants is low, which means less competition. “The harder the better.”

2. Bug Bounty Participation

A bug bounty is a reward for developers who find and report bugs in the project’s code.

Wormhole once announced a reward of $ 10 million for white hat hackers who reported a critical vulnerability of the project.
Polygon also announced a $2 million bug bounty for those who find bugs in the project’s smart contract .

Crypto is a very new space and certainly has many limitations. This will be fertile ground for talented programmers.

Projects May Apply The New Retroactive Trend

Below are a few projects that may adopt the new retroactive model:

Zappper

Zapper is an Aggregation Layer that makes it easier for users to interact with crypto projects. Zapper used to hold an NFT season event, users who log in daily and do tasks on Zapper will receive XP points when enough XP can be exchanged for NFT.

Those NFTs are “useless” right now, but Zapper is a good product and growing fast. Therefore, we can fully expect that NFT will have more benefits in the future.

NFT trophy - Zapper's highest NFT line — NFT trophy – Zapper’s highest NFT line

DexGuru

As stated above, there are currently many ongoing proposals in DexGuru’s hidden Discord that require an NFT to participate. If you own the reader, you should join

Starknet Node

StarkNet is a layer 2 Ethereum solution using ZK-Rollup technology created by Starkware, which was valued at $8 billion in a recent funding round. Starknet is currently one of the most notable scalability solutions and allows running nodes. Coin98 Insights has a tutorial on running a node, readers can refer to it below.

Aptos Node

Aptos is a layer 1 blockchain project that has raised $200 million from many well-known funds. The project is running devnet and will be on mainnet in late 2022. This is also a project that we should be interested in, Coin98 Insights will send you detailed instructions in the near future.

What Should Be Done to Increase The Chances Of Getting Retroactive?

If a retroactive trend change occurs, to increase the chances of receiving retroactive we can do a few steps such as:

Find projects that reward users with NFT: NFT is being used very effectively for certification and participation in the next project tasks. We should follow projects that reward users with NFTs.
Buy NFT: If it is a potential project with NFT and no tokens yet. One can allocate part of the capital to buy NFT and participate in related tasks. Most of such NFTs are currently very cheap.
Actively participate in project activities: From simple things like interacting and giving suggestions to running nodes, we should actively participate as much as possible.

Verdict

The days of “free lunches” are over, and the conditions to receive retroactive, which are increasingly difficult. On the bright side, increasing the difficulty to receive the airdrop will help reduce competition and increase rewards for those who are willing to participate.

The more you try, the luckier you get!

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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