‘Airdrop Madness’: Crypto Trader Asks Investors to Keep an Eye out for Free Tokens

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Popular crypto trader and market commentator Tyler Swope told investors to keep an eye out for a series of potential airdrops coming this year. 

Speaking in a recent video, Swope warned his subscribers to begin preparing for free tokens, calling 2021 a year of airdrop madness. 

The popular trader highlighted the ethereum-scaling solution platform Optimism as a particular project to keep an eye on for a drop in the near future. Swope recommended investors begin registering for the platform’s testnet. 

He said, 

So, play with their testnet. Figure out how, and if you didn’t play with Synthetix Mintr on layer two, there is still a chance. The demo is winding down, no transferring from layer-one to layer-two, but the rest of the DApp (decentralized application) still works. Mint, burn and withdraw.

Swope featured OpenSea, a peer-to-peer marketplace that offers exclusive digital collectibles. He told followers to interact with the platform through the buying and selling of non-fungible tokens (NFTs). 

The crypto trader also predicted decentralized margin trading exchange dYdX could issue a token in the near future. Swope cited the exchange’s founder Antonio Juliano, who said in an interview last October that he had an interest in a native token. 

Juliano said at the time, 

Certainly, we are paying attention to everything that is going on in the DeFi space. I would say tokens we’ve seen to be really valuable both in terms of just spurring a lot of growth for platforms.

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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.