Stories of people getting rich overnight are not uncommon in the fast-moving world of cryptocurrencies. One such story is that of Twitter user FreeBlock, who recently shared his experience of earning millions by participating in the third round of the Blur airdrop with a bidding strategy that was scientifically different.
Smart Money: Scientists Share Strategies to Win Blur’s Airdrop Program with Minimal Costs $fuzzy #Blurairdrop @azcoinnews https://t.co/GK6cNh60T3
— AZCoin News (@azcoinnews) February 17, 2023
Decentralized NFT platform Blur has announced its airdrop program, which will distribute millions of rare BLUR and NFT tokens to its community members. The show garnered a lot of attention, and many were eager to be a part of it. The problem, however, is that participants have to bid for the NFT, and the highest bidder will get the NFT.
FreeBlock, a self-proclaimed scientist, used his knowledge and expertise to design a bidding strategy that helped him win NFTs at minimal cost. He shared his strategy on Twitter, including monitoring the mempool, bidding on NFTs that couldn’t be bid by bypassing Blur’s restrictions, and changing the price expiration time from the default permanent bid to 10-30 minutes.
Source: Liberty Blocks
In order not to miss the news, we sincerely invite you to pay attention to our Telegram:
One of his key strategies is to monitor the mempool and use higher gas fees to drain the bid account balance, causing the transaction to fail if any offer accepts his bid. This strategy is very viable and FreeBlock has been able to win many NFTs using this method.
Another strategy used by FreeBlock is to confidently bid on NFTs for a limited time when they cannot be traded within 3 hours of their appearance on Blur. It’s not a primary strategy, but it provides a level of confidence when bidding.
FreeBlock also bids on NFTs when gas costs are high, as users tend not to accept bids during these times, resulting in low returns and abandonment. However, one of the tactics that backfired for him was cross-platform bid-ask spreads, and he suffered huge losses when he was forced to accept bids due to bot manipulation. The price was manipulated by the robot, causing him to lose a lot.
To sum up, FreeBlock’s bidding strategy for Blur’s airdrop successfully helped him win many NFTs at a minimal cost. However, it is important to note that these strategies are not foolproof and some can lead to significant losses. It is important that people are aware of the risks involved in trading cryptocurrencies and only invest what they can afford to lose.
- Blur’s rookie day NFT transaction volume exceeds OpenSea
- Arthur Hayes buys 341,000 BLUR as NFT war between Blur and OpenSea escalates
board pass
according to AZCoin News
