Crypto Christmas Comes in January

It might be December 28—but I’m still waiting on Christmas to arrive…

For me, Christmas will arrive in January.

And it will take the form of an “airdrop” of cryptocurrency into my crypto wallet.

I’ve written about this phenomenon before—these so-called airdrops. They’re literally free money that lands in your wallet—sometimes as a surprise, sometimes with great anticipation already baked in, which is the case with this particular airdrop arriving next month. Crypto owners across the world are eagerly awaiting this.

As I’ve noted in past writings, airdrops are basically the crypto version of an initial public offering (IPO) on Wall Street. A crypto project decides that it wants to create tokens to unlock the project’s value, but instead of shopping that token around to venture capital funds and other institutional investors, the project decides to airdrop its tokens to the people who are actually using the service that project has created.

In this case, the airdrop is tied to what I call “the Fidelity of the Blockchain”—a website where crypto traders go to buy and sell crypto.

You might be thinking, “Well, El Jefe, that’s Coinbase…”

No. It’s not.

Coinbase offers access to some crypto—mainly the major coins and tokens, and a few highly popular smaller coins. (For reference, “coins” are crypto that have their own standalone blockchain, like bitcoin, Ethereum, and Solana; “tokens” are crypto built on top of others’ blockchains.)

But there are over 10,000 crypto in the world now, and neither Coinbase nor any other centralized crypto exchange like Binance or Kraken or Gemini offers access to them all.

To buy into some of the best projects, like the “Fidelity of the Blockchain,” you have to go to the Fidelity of the Blockchain to do it.

And lots of crypto traders do just that.

The Fidelity of the Blockchain is handling as much as $2.5 billion every day in transaction volume.

In short, this is not exactly a hidden gem. It’s a gem sitting out in plain sight, and the value of this token has nearly tripled off lows earlier this year. I believe much, much higher highs are coming.

But what really stands out is the airdrop…

The project initially airdropped its first batch of tokens last January. I collected 8,300 tokens in that airdrop that, at the time of the airdrop, were immediately worth nearly $7,500… meaning I could have instantly sold them and had $7,500 in free cash in my wallet.

I held on, however. I still have those tokens today and they’re worth nearly $10,000 now. I fully expect they will continually market even higher because of demand for the services the Fidelity of the Blockchain offers.

Which is why I am eagerly awaiting Christmas in January…

I feel the same kind of giddy excitement a kid does as Christmas morning approaches.

How many tokens will I get this time? How much will they be worth?

I will hold on to these tokens too. I don’t see a need to sell them. I suspect their rising value will help me afford an apartment in Portugal, or maybe a house outside Lisbon or Porto.

Either way, these airdrops are creating real money out of thin air.

Just consider Magic Eden, the “eBay of the Blockchain” in that it’s where pretty much everyone goes to buy and sell non-fungible tokens (NFTs, the digital art crypto projects). That project’s airdrops landed in crypto wallets in the second week of December. My son collected more than $10,000 from that one. My stake came in at about $3,300.

Another airdrop is slated to arrive imminently at another crypto site. I label this one the “Currency Exchange Kiosk of the Blockchain”—a site where traders like me can deposit two cryptocurrencies in equal proportion, and then passively collect fees as buyers and sellers all over the world trade back and forth between those two currencies for their own trading needs.

This is a highly anticipated airdrop that will go to those who’ve been regularly supplying the site with crypto to make trading possible for others. No idea what that will be worth, but hopefully it’s a pretty penny.

Doesn’t matter if it’s December or January or a random Thursday in April…  there’s really no excitement like opening up your wallet one morning to find thousands and thousands of dollars of free crypto in your account from an airdrop.

I mean, sure—that tie and new underwear Santa brought is probably pretty nice.

But wouldn’t a few grand of free money be even better?