Blog 9 – December 2023 – Airdrops, Bots & Solana Memes

Its been a busy week… I think if I see another airdrop thread… Honestly I’ll probably read it and immediately get that feeling of Déjà vu having been here before. With that being said, I’m thankful for the first couple of posters with the idea, and the plethora of other variations saying the same thing.

Quick Recap

Linea Voyage

This week I continued with the Linea Voyage on Intract, completing waves 9 & 10 and getting a total of 1,110 points. Which incidentally is almost as much in dollars that I feel like I’ve spent in both time and gas fees so far.

New Airdrops

Solana

December will be remembered as the month where every man and his dog made a solana airdrop guide. I think I spent a day or two reading every one. This is my favorite and I followed it with $500 USDC strategy for Marginfi , Kamino , and Parcel (ref code: Happycryptowanderer).

Debank

Debank has been a site I;ve found increasingly useful ever since I started bridging eth everywhere and quite frankly loosing track of some liquidity pools I had even set up as part of the Linea voyage. I hadn’t even thought about the airdrop potential here. The following video came up on YouTube, by chance and I have ‘completed it’. All bar the printing of the Web3 id which at close to $100 is a bit of a stretch. I’d rather spend that on gas fees.

Farmbot Pro (https://farmbot.pro/)

Having spent quite a bit of time on Airdrop threads this month, I stumbled upon this potential gem. In a nutshell, it automates the farming process. Having only caught my breath from the arduous tasks above,  I jumped into this head first.

As you can see I deployed 0.3 eth at what can only be described as almost the exact time it reached the peak…. It was enough to get 110k tokens. With 100k being required to use the bot. In any case, I staked this amount and will do so until that period finishes. I am undecided as to whether I will actually use the bot.

In any case, this was not a blind gamble. There is an active and supportive telegram group. An active developer who is actually making progress with the deployment of farming tools. The community is full of ‘farmers’. They have recently added Solana to their list, and for me the most bullish thing about this is the automate or ‘do it for me’ button they are working on.

I bought in at c600k market cap. I think if the automate button works and we get some real traction/exposure particularly with the Solana users, this could really reach a few million. From what I can tell this project has actual utility, and you only need to look at some of the meme coins that have been exploding – ie Bonk which now has a $1.45b market cap, to see that a move to a £5/10m market cap is not entirely out of the question. I think its maybe a 20% chance of a 10-20x on my investment – so a positive expected value play for me.

Of course, there are numerous risk factors here, too many to note – and its been a gamble in a sense that a number of things need to fall into place for us to reach that outcome. A quick look now and things seemed to have quieted with price action – the market cap is sub 300k – but I am hopeful that will change with future announcements.

Solana & Memecoins

I have to admit, with the airdrop tasks and user experience of different protocols so far, Solana is by far and away the best experience as a relatively inexperienced user. It seems quicker than Ethereum/linea/arbitrum, and the low level of gas fees are a game changer.  There’s been much chat recently about the memecoin frenzy, and a look below and some of the valuations is just eye watering.

My play here is a bit of gamble. I am hoping there will be plenty of people who are either new to the solana ecosystem from the recent airdrops, or some who may have done very well out of Bonk. Basically, more newbies to the chain, and like me chasing a lottery ticket. So from the USDC on chain I had remaining from the airdrop strategy above, I converted it to 1 sol and took a punt on BRETT https://brett.fyi/en .Market cap was $1.3m when I did this. If we can even get to a 50th of Bonk market cap it will still be a nice 20x. It sounds ridiculous to say, but the logo and name is hilarious. It is obviously a big play on Pepe from eth, and therefore It may surprise us all if the Solana community can get behind it.

Disclaimer

It goes without saying nothing on this site or anything associated with Happy Crypto Wanderer is or should be taken as financial advice. This site tracks the hopeful journey of one everyday punter just trying to live out a dream. Come back here every month so you can track the journey. Any and all feedback is much appreciated. If you feel so strongly that you’d like me to stop at any time, a large enough donation to this wallet so I can reach my goal could make all this disappear.

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