FARMING FOR AIRDROP- MAGICALLY AND BLUR S2.
Farming For Airdrops – Magically and Blur S2 So as we all are aware the Blur airdrop was a huge success for many traders, with a lot of our community and many others making very respectable profits, people even making life changing gains, yet still a lot of people were unaware of the drop and in return didn’t capitalise on the opportunity and also didn’t make as much as they could’ve, now with Blur S2 rolling around, and Magically Crate farming becoming popular, there has become a ridiculously large sense of FOMO on what to do next, and how we can capitalise on these upcoming opportunities. Blur Ecosystem To farm bid points for Blur S2 you need to essentially be placing bids near floor price on collections, usually you wan’t to be looking for collections with constant or high volume. The longer you have the bid there, the more points you get. These points are added every 5 mins. Then of course the larger the size and amount of bids (more ETH) then the more points you also receive. For Example: If you put a bid on let’s call it ‘FlyingBirds’ which has a floor price of 1 ETH, then as you put that 1 ETH bid at floor, every 5 minutes you will be receiving bid points. Then if you put 10 bids at 1 ETH floor, it’s the same thing, but of course you will be generating 10x the amount of bid points. So size is important here, and if used correctly can really help you rack in a crazy ton of bids. Hopefully this makes sense, but essentially that’s how the bidding point system works! So I’d say the best way to do this, and what I will personally be attempting to do when I find some time and the competition eases a little is this. I will be aiming to bid below the floor bid, so if someone takes the bid’s and want’s to exit quick, then they won’t be mine. Using this strategy to hopefully make sure I stay safe and don’t lose liquidity whilst trying to farm. So for example, if the floor is 0.1 ETH, and there is 20 bids at 0.099 then I’d bid 0.098 and monitor the bids, especially the ones in front of me to make sure I don’t end up getting my bids accepted. So make a rule of thumb should be to make sure there is a significant amount of bids in front of you, thick enough so that yours don’t get accepted, but also to make sure you are generating a good amount of points. Something to keep in mind is that you will need to be monitoring the floors very carefully, and also I’d say depending on what collections your bidding on it’s probably wise to not sleep with open bids lmao, so just make sure you don’t slip up! Magically The number of Magic crates you received is based on the traders 6 month trading activity (snapshot completed) across Opensea, LooksRare, Sudoswap, X2Y2 and aggregators. Airdrop 1 rarity is random. So part of the Magically airdrop has already been conducted, and eligible participants already claimed their crates. Inside of the crates is the $magically token. This token is set to be released in the near future (not sure when TBA), but for now the best way to take advantage is by interacting with the market place, place bids, and sell to create volume. There is more airdrops coming for users who didn’t get a chance at the first one! It seem’s that currently the best start t is to complete weekly achievements that they set you and try have a 100% loyalty, apart from that try trade heavily on magically. Personally I’ll be trying to also buy an Alpha Shark for more benefits. More on magically another time.
0 people tipped the creator.
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.