Chico Crypto believes that crypto airdrops are the best token distribution model and has a natural ability to predict major airdrops. He has correctly called Uniswap, DyDx, and Optimism airdrops, which have made many people millionaires. Chico Crypto predicts that Arbitrum, Ethereum’s most utilized Layer 2, will have an upcoming airdrop to reward early adopters and individuals who use its technology and tools. He suggests using the Arbitrum bridge to bridge over Ethereum or ERC20 assets, interacting with liquidity pool dApps on Arbitrum like GMX and Hop Protocol, and completing guild tasks on guild.xyz to increase the chances of receiving the highest possible rewards.
Predicting the Next Big Crypto Airdrop: Could It Be Arbitrum?
The world of cryptocurrency is full of surprises, and one of the most exciting ways to participate in the space is through airdrops. Airdrops are a way for crypto projects to reward early adopters with free tokens that usually govern the project. Chico Crypto, a popular YouTuber, has been successful in predicting major crypto airdrops, making himself a fortune. In this article, we will explore whether the next big airdrop could be from Arbitrum, Ethereum’s most utilized layer 2 solution.
Chico Crypto: The Alchemist of Airdrops
Chico Crypto has been dubbed the “alchemist of airdrops” for his ability to predict when a crypto project is about to drop tokens to its community. He has called notable airdrops like Uniswap, DyDx, and Optimism, each of which made brand new millionaires.
Why Airdrops Are Important
Airdrops are one of the best token distribution models in crypto. They reward early adopters of a technology, protocol, or blockchain with tokens that usually govern the crypto project. Airdrops are an excellent way to increase community engagement and promote adoption.
Arbitrum: The Next Big Airdrop?
Arbitrum is Ethereum’s most utilized layer 2 solution, and if they want to keep their position, they will have to airdrop. According to L2beat.com, before the Optimism airdrop in January of this year, Arbitrum was smoking them in total value locked up in Ethereum Layer 2s. Arbitrum had 2.41 billion locked up in their layer, while Optimism was way down in rank 5, with only 417 million locked up. However, since the Optimism airdrop, Optimism has been growing like crazy, while Arbitrum’s growth has flattened out. If Arbitrum wants to hold onto the #1 layer 2 spot, they will have to airdrop.
How to Prepare for the Arbitrum Airdrop
To put yourself in the best position for the possible Arbitrum airdrop, you should use the Arbitrum bridge to bridge over some Ethereum or some other erc20 assets. You should also interact with some dapps on Arbitrum, like GMX and Hop Protocol, and add liquidity, trade, etc. All on-chain activity that can be tracked will maximize airdrop rewards. Additionally, you can complete tasks related to on-chain activity on the Arbitrum rollup on guild.xyz, where completing as many quests as possible would put you on top of radar.
It remains to be seen whether the next big airdrop will be from Arbitrum, but history has shown that Chico Crypto has a sixth sense for upcoming crypto airdrops. Airdrops are an excellent way to increase community engagement and promote adoption. Therefore, if you want to be ahead of the game, follow the steps outlined above to prepare for the possible Arbitrum airdrop.