Airdrops & DAO's

Sam. Hey, everybody, what's up? It's Brad and jj. We're back for another video here. And we're going to talk today about a couple of tools you can use for airdrops. So I'll talk about three airdrops that have happened. I'll talk about what an airdrop is, and I'll give you guys some tips and tricks and tools or how to. How to claim an airdrop and find an airdrop. You might be available to get. Most of the airdrops I do, I learn about on Twitter, and I'll just be kind of following my crypto accounts. I'll scroll through my feed and I'll be like, hey. They'll be like, hey, thanks for the free money. And I'll be like, what's that about? So what an airdrop is is essentially when a company or a project or a product decides to just give a bunch of stuff away for free. And sometimes it's really uncoordinated and kind of useless and worthless. And sometimes it's really awesome and valuable and amazing. What was the one that was before ENS that was really big? Not MetaMask, not OpenSea. Who did a huge airdrop before that? I don't know. Anyway, so there was another one before this, but the one that's most recent and probably on most people's minds and they've heard about is this ENS airdrop. So what is ens? ENS is the Ethereum name service. So you see up on the top right here where it says bradheart Eth, that is a web address that essentially converts to my public wallet. So if you look up on Twitter, you'll see that bradheart Eth is connected to this wallet here. And ENS is how I registered that. So picture this as the Web3 version of GoDaddy. So GoDaddy sold domain names for 20 years, or whatever it's been since the early 2000s, late 90s, and they spent a ton of money on marketing. But it's a Web2 company, so they've kept all that money that they've made off of selling domains. They're essentially selling air. Until you register a domain, nobody actually owns it. Nobody's paid any money for it. So once they register it, they just start charging you and they're giving you a product that they essentially. It doesn't cost them anything or it costs very little for them to register it. So their margins are huge. And the market values that company at, let's see, GoDaddy. I just want to find the stock hold on GoDaddy stock. I think this is interesting to think about this way. So Web two company market's down a little bit today, but we're talking about a market cap of $12 billion, right? And then if you go over to ENS Coinmarketcap, pop it on over here. ENS the market cap for ENS fully diluted, is about $4 billion and it's down a little bit. So a 41, it's been as high as, let's see, I think it was like 80, 83. Okay, so it's been double this and figure 8 billion market cap. That's 2/3 of the market cap of a 20 year old company that does the exact same thing. Granted this does this on a very small network, considerably like Ethereum network versus the whole Internet. It's obviously small, but they're already valuing this thing at 2/3 the value of GoDaddy at the highest, which is nuts. And it does essentially the same thing. It registers domain names on the Internet. So here's what Eons did that was really interesting, is that everybody who owned one of these domains, and I own two of these, I have one that's public and one that's more private, which I won't tell you what it is, but everybody who owns one of these things, depending on how long they've owned it and how long they've registered it into the future. I registered Bradheart eth for 10 years because I don't plan on changing my name anytime soon. So I wanted to own that. I got a bigger airdrop than if I had got it for a year. So with the two domain names, with 15 years total, I ended up getting 500/ENS tokens for a total combined value of $23,000 for nothing. For just doing stuff and getting value that I would've normally paid for. I got this crazy airdrop and if I had waited in time to market perfectly, I could have sold it for up to $43,000, $45,000 somewhere in that range. So it's kind of mind boggling to think about how much free money they just dropped on everybody. But it comes with a responsibility. And the responsibility is that if you understand what web3 is, you understand the form of decentralized governance that we're using. So by owning those tokens you either can vote in the dao, the distributed or decentralized autonomous organization that governs this. Again, like GoDaddy, you would have shareholders and a board and leadership and a C suite team, Ethereum name service it doesn't really have that. It has this entire community of people who own this ENS token that was given to them. And they can either sell it. Fine, by selling it, I sold mine. You can delegate your proxy votes to somebody who's more active in this stuff. The same as if you were to get a congressman or a senator to vote on your behalf, essentially the electoral college system we have today to vote on these types of matters. Or if you were a stockholder, you could use a proxy to do that, or you can just decide to hold it yourself and vote on these different things. So it's pretty interesting. So based on the amount of value and effort you've given to them in the past, they're rewarding you not only with a marketable token, which is utility and governance, not security. So that's an interesting distinction that they're using to get around the investment laws. They're not just giving people free stock, they're giving people free governance tokens that kind of behave like a stock. And they're marketable, but they're not saying they're marketable. The market's assigning the value. They're not giving an ipo. So it's a very interesting kind of gray area. So now you own a piece of this company essentially, and you can vote on what happens with it and how they decide to move forward with this dao. And you're getting money for essentially just being a customer. So what if GoDaddy decided, hey, we've made billions of dollars selling domain names over the years. What if we just gave a crazy one time dividend of 100% of your shares or whatever, however they decide to do it, or for everybody who owns a domain, we're going to give you this much money. I own probably 250 domains on GoDaddy. It's an absurd amount because I'm an Internet marketer. I buy domains all the time. It's part of my business. But never once have I received one share, one airdrop, one check in the mail from GoDaddy. The money always goes the other way. So this is the power of Web3. We talk about Web2 versus Web3. It's crazy. So another airdrop that happened in the past was Hex, which is pretty popular now. Not a recommendation, but I do own some. I bought at a lower price than my friends told me to buy by being patient. But Hex is essentially like CDs on the Internet, right? And certificates deposits are already pretty strong use case for different stuff. But the point is they Originally did an airdrop that anybody who owned a bitcoin address and had bitcoin could participate in based on how much bitcoin they had. So they picked an asset that was well known, stable. There's only 21 million Bitcoin of which maybe 1718 million are actually in circulation because a lot have been lost, some haven't been minted yet. So it's like 1718 million Bitcoin out there. And then based on how much bitcoin they gave an airdrop to those holders. I totally didn't know that was going on and I missed it and I held bitcoin, but had I done it, I would have got some hex. So that's the way they marketed it. So it can be a marketing tool too, right? Because obviously ENS made a huge splash and everybody talked about all the free ans money they got. It's like Web three stimulus, it's pretty cool. Same thing with hex, although it wasn't as valuable when they dropped it. And there's a tool here which I want to just bring on your radar. It's called Ernify, which is es ear n I dot F I so earn fi and you put in your address here, which is the same by the way, as the other one, the Bradheart eth. That's what it points to. And you can put this in and it'll tell you what you qualify for. So if there's an airdrop that you're not aware that you have coming to you, you can put it into the site and you can set up alerts when there's new airdrops as well. If you have an Ethereum address or a BSC address, it'll track that for you and get that set up. Now is BSC is that Binance coin or is that bitcoin cash? Just so I'm clear, that's Binance. Yeah, that's Binance. So if you have a Binance address or Ethereum address, pop it in this website, it'll tell you about new airdrops and that's pretty cool. So I just learned about that recently. So just to recap here, ENS Web3 GoDaddy Web2 Doing it right, not doing it wrong, but just doing it the old fashioned way and a very different market response. There's people that are going to be die hard ENS for life now because guess what? They gave them free money. Nobody doesn't love free money. People have the law of reciprocity versus GoDaddy where it's like the second something Cheaper comes along. We're about to switch all our domains to cloudflare because GoDaddy's never really done anything special for us. They just took our money for years and now it's like, all right, well, let me move it over here. Anytime I've ever tried to do anything above and beyond with them, it's never really worked out that well. The other thing they do is they hold certain names. Even if you try to register them, they try to get more money out of you and then you refresh. They say it's not available, it's just a janky platform. So kind of over it, we're going to go over to Cloudflare. But the point is Web two, Web three, here's the future. Pay attention. It's happening all around you. And no, the reason it's not a security is because they didn't tell anybody that they were going to get this. But now we can start to look at other companies that are absolutely going to do this and start using their products and services in preparation perhaps of being lucky again, like, I use Metamask all the time. If they didn't airdrop, it'd be 10 million people doing that airdrop. It'd be crazy. Or Opensea. If they didn't airdrop, that would be insane. I do a lot of business on OpenSea, so, like, just being aware of these things can really be interesting. And if you get a really cool airdrop, it could be worth a lot of money again. 20, 30, 40 GS in some case. I'm living proof. And people who had like 900 of these things, people bought a ton of them. I found one wallet, that 900 ENS address. That guy probably got millions, so interesting to say the least. Jj, anything to add before we wrap that up? No. I even learned some things on that video, too. I like it when I learn things. Hey, man, there's a benefit to being around. One more thing before I sign off here. We're doing some video game research. So if you're watching this video and you're like, hey, I have some extra time on my hands. I want to learn about play to earn games. We have a whole spreadsheet of all of them that we can find, and we're just splitting up the work and going through and figuring out what's worth looking at, what paying attention to and what's just kind of junk, it's really just whittling down like maybe 150 to maybe 10 or 20 that we're really excited about that are more far along and have their tokenomics figured out, have their game theory figured out, have their economy up and running, the game is playable, those types of things. So if you want to be involved in that project, little side project here in the group. Love to have you again. I'm Brad Hart. There's JJ thank you so much for being here, and we'll talk to you soon, Sam.