I recently wrote multiple blogs about why I was really optimistic about the Airdrop Campaign that Kriya was running. If you followed my referral and participated in the campaign I have some great news for you to be shared in this post. Even if you did not join Kriya airdrop quests I will still recommend you to check out other projects in the SUI ecosystem.
From my experience during the past 4-5 months I have noticed that other airdrop campaigns basically farm the farmers and I don’t remember the last time there was a fair to decent airdrop. SUI on the other hand still rewards regular users and does not focus solely on whales. There have been multiple instances of this starting from $DEEP that gave 4 figure airdrops even to users who staked a single SUI in their wallet. SuiNS did a decent airdrop for people holding SUI domains. I did not participate in Bucket Protocol but I have seen that many users got good airdrops.
This was the reason why I decided to participate in the Kriya airdrop program even thought there was a 2 SUI participation fee for minting their NFT to be eligible. I normally prefer free airdrop programs but I made an exception for Kriya as they said that the entry free of 2 SUI was kept to prevent over-farming or attacks by Sybil and Bots.
How Was the ROI ?
When I joined the Kriya quests the 2 SUI NFT minting fee cost me about $9. After that I provided liquidity of about $100 worth of SUI into their pools. This I will not count as a lost cost as I recovered this plus the interest I earned on it. The reason I went with $100 was that I had seen in several discussions on Twitter/X that do generate a decent amount of MAYA points I should deploy at least $100 of funds.
I generated about 4,000 MAYA points during the 4 weeks that I participated in the campaign. The cool thing was that these MAYA points could be traded in the DEXs running on SUI. With 4,000 MAYA points burned I was at a rank of about 5,000 in all the airdrop hunters. Considering I was just using $100 and joined the campaign pretty late it shows that SUI campaigns are still not over farmed and the whales have not started attacking it yet.
When the airdrop claim started the $KDX tokens were trading at $1 this was in-line with the estimates by the community that expected fair price of $KDX at $0.5 to $1.0.
Kriya followed a similar lock mechanism as SuiLEND used recently for their airdrop. If you wait for a period of 3 months you will not pay any penalty and get your full airdrop but if you claim it earlier you will need to pay a penalty which will be highest on the TGE day and gradually decrease over the next 90 days.
The penalty is distributed to the $KDX takers so it is win-win situation for the community.
Many users that did not have long term conviction in the project sold their tokens right after TGE despite the penalty so the token is trading around $0.3 now but I expect it to recover during the coming months so for now I am just staking my 500 KDX allocation.
Currently my 500 KDX tokens are worth about $150 but I expect them to be worth over $500 once the lock period gets over. This is a great return for the entry fee of $9 and invested capital of $100 for 4 weeks.
This reinforces my conviction to go deeper into SUI projects in the coming months.
Cheers,
Sam
