You guys know how I am an airdrop hunter and how active I am in the airdrop space, sometimes new projects come up with a lot of different ways to make sure they reward their active users and reduce Sybil. Some use the NFT reward system which means that active users get the opportunity to mint these NFTs that will give them sure eligibility to the airdrop if they choose to keep it. But also they can also choose to sell it thereby giving them the chance to get rewarded, if you feel the value of the NFT is good enough you can sell it, giving new comers who were not active participants opportunity to also participate.
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So I participated in this project called Elys, it’s a new DEX and perpetual trading platform on the cosmos ecosystem and I got an NFT worth $200 for free. This NFT will guarantee airdrop which is great, but the issue is that I don’t trust that the airdrop would be worth it, although the NFTs will be only available in 15k supply making it extremely limited but the project only publicly raised $2 Million in seed fund. What’s the guarantee that when the airdrop comes it will be worth $200 which is the current floor price of the NFT. The total NFT price is over $3 Million but they raised $2 Million.
I have been in a situation where the NFT was worth more than the airdrop, and I regret not selling the NFT, I’m scared of repeating the same mistake. You cant predict the future, its life and crypto.