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RE: Received A MASSIVE Airdrop For Proactively Doing One Simple On-Chain Task

in LeoFinance4 years ago

Wow that's a lot of money. If I were you, my instinct would have been to convert the entire $23,000 to a stablecoin as quickly as possible.

I received a $300 airdrop on Osmosis last week which is my largest so far. I have the cosmos airdrop reddit page bookmarked. Looks like I should also search for some airdrop aggregator pages to bookmark.

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Try to put your airdrops into ATOM/JUNO/OSMO staking to branch out for upcoming airdrops. I've managed half of the airdrop so far before the larger dip, but am letting half ride for the time being. Moving all of it around means taxable transactions, so I'll take the hit on half and make moves with the balance once yield-bearing options present themselves within a few weeks. This avoids taxes and increase my passive income, ideally.

Thanks for all your help. I've already 10x the original Atom investment I put into Osmosis.

Woah, now we are talking!!! Congrats. You're ahead of the curve now.