The starting point of my entry into the circle was also an airdrop, but the current airdrop model has undergone a relatively large change. As a crypto practitioner with a verifiable track record, I will talk about what should be done next. This article is mainly aimed at players with small capital to popularize some core ideas.

"Shear wool in a bear market, trade coins in a bull market; large MC memecoin does not roll, big hair does not roll"

The most core thing is: lower expectations.

Whether it's the secondary market, the primary market, or farming-like airdrops, you should recognize that the crypto industry has entered a bear market in terms of valuation. I've said many times before "back to common sense". In a sluggish market, excessive emotional premium will be deflated and return to value. If you can lower your expectations and not be too greedy, that will be the basis for being able to persist in tilling the land in a bear market.

Before shearing wool, the most important thing to understand is: what is the essence of shearing wool?

• Shearing wool is a secondary market participation channel, with certain similarities to primary market investment;
• Airdrops are currently a marketing tool used by projects to acquire customers and boost data;
• Shearing wool is not necessarily a guaranteed return, it is also a form of investment, and the project may not even promise a return.

Based on the above three points, you will find one thing, that is, the main group of this round of primary market investment - the vast majority of VCs actually don't make money, and the rule of primary market investment is to invest in a bear market and harvest in a bull market.

In the history of airdrops in recent years, all the simple big hair have almost come from the bear market, such as APT and ARB, which have come out in cases where the secondary market sentiment is not so good, and the cost of capital and time for retail investors is not so high, especially Aptos, which is even a big hair at the A8 level of the testnet.

However, basically the second half of last year was a bull market, and if you do primary market investment in a bull market, the probability of being reversed is necessarily high. If you can understand that the essence of shearing wool is an uncontracted primary market investment, you will find that being reversed may just be the norm.

Let's review the timeline of Nillion, this project raised funds in Q3 last year and launched the main retail participation activity, just in the two most active quarters of the secondary market last year, and now the TGE is at the worst point of the secondary environment... Essentially, this is a problem of timing.

So what should be done now?

Watch more, do less

Even in a bear market, there are often unexpected opportunities, such as the $COCORO the other day, which was a large MC memecoin. With a slower pace, there are still opportunities to make money, it just depends on how to judge the level of the narrative.

On the basis of watching more and doing less, don't be too greedy, being able to earn a few tens of thousands of dollars is already very good.

Shearing wool and tilling can still be done, just don't expand the plus sign and increase capital investment

If necessary, you can do more daily shearing wool jobs. If you can lower your expectations, there are still quite a few easy daily jobs in crypto, such as the Binance wallet IDO task which is a few hundred dollars per number, the OKX Cryptopedia activity, the Bybit Solayer & Launchpool activity, these are basically airdrops that will definitely be issued, it's just that people usually look down on this small amount of money, which is a problem of expectations.

And when shearing wool, think more and review more, which can also improve your industry knowledge, rather than just doing it like hitting a gong. For example, how to find ways to improve your efficiency? The process of programmatically collecting information? How to organize and plan the project and knowledge base? These are all ways that can be optimized.

Self-improvement

If you can read, go read a book, especially to improve your learning ability. Learning a language, improving your education, can all have very practical benefits.

Exercise, to create a good physical foundation for the bull market.

Believe that large MC memecoin does not roll, big hair does not roll. Try to find places that still have dividends, rather than just following others to do whatever.