Forth airdrop, unexpected + pleasant surprise, should I sell or hoard?

As a player who has been following AMPL's dynamics for a long time, I did not expect that there would be such a thing as the creation of a governance token.

Before this, I had a vague feeling that something was going to happen to AMPL. Some people got the information in advance, but most people didn’t know what was going on. Why do I say that? Because AMPL had been rising all the way in the past few days without any good news, which seemed a bit abnormal.

However, the airdrop of Forth is not based on quantity, but on duration and the number of contract interactions and geyser duration. Therefore, users who knew the airdrop information in advance and temporarily increased their positions to get Forth failed. As a result, when the airdrop method came out, these users were dumbfounded, causing a large number of AMPLs to crash.

1. DeFi offers generous rewards to those who try it

Yesterday I saw many stories about people getting rich by receiving Forth. There were also many people who bought the coins from KuCoin and Matcha but were not eligible for the airdrop.

I can only say that those who only buy DeFi coins on exchanges cannot be considered DeFi users. Since the various airdrops since UNI, they have been rewarding DeFi users. Those who use DeFi tools, such as the person below, have received really rich rewards.

If you are a DeFi player, then it is also beneficial to change new addresses to play DeFi. On the one hand, it can reduce possible unknown risks. On the other hand, when there is an airdrop, you may receive more than others.

DeFi uses money like the wind to educate users time and time again. When you withdraw money to your wallet, there will be unexpected surprises.

DeFi is so wonderful. It airdrops everything in your life, including houses, cars, mobile phones, etc. The only thing missing is a beautiful woman:

• Uni airdropped an iPhone

• meme airdropped a house

• mir airdropped a bottle of Moutai

• lon airdropped airpods

• 1inch airdropped a Mac

• Forth airdropped a car

2. Forth: Throw or Keep

I have received the airdropped Forth. Should I sell it or keep it? Sell it to get a fixed profit, keep it to get a higher return. I personally plan to hold it for a long time for the following reasons:

1. The influential airdrops have performed very well. Comparing the current prices with the prices at the time of the airdrop, most of them have increased several times. Uni has increased by more than 15 times, and meme 1inch lon mir have all had good increase multiples. The probability of Forth lagging behind should be relatively small.

The first project to enjoy such treatment as Forth, which was listed on CB immediately after airdrop, was UNI. In other words, projects that dare to airdrop like this are 1) strong and powerful; 2) have a big vision. Forth is listed on most exchanges, and among the three major exchanges, only Binance has not yet been listed.

2. Forth is the governance token of apl. According to the introduction, the application scenario of Forth is to participate in AMPL governance voting. The relationship between Forth and AMPL is: if apl is strong, Forth is strong; if apl is weak, Forth is weak. I am very optimistic about AMPL, so I am also optimistic about Forth, but I don’t know how much Forth can reach. At the same time, it is not clear how Forth can capture the value of AMPL.

I plan to hold Forth for a long time, but the price of Forth is likely to fluctuate, so I have to be patient.

At the same time, AMPL has a lot of positive factors lining up.

3. AMPL has a lot of good news in the pipeline

1) AMPL lending: AMPL is developing a lending platform based on aave, and the proposal voting is in progress. If AMPL is listed on aave lending, a new way of playing will be opened: AMPL is not a stablecoin, but it can be borrowed like a stablecoin. This scenario will stimulate the market demand for AMPL. AMPL will definitely be listed on aave lending, it is just a matter of time.

2) MIST cooperation: MIST is a very mysterious project. The project is very powerful, but there is very little information about it to the outside world. AMPL will have a lot of room for use in MIST's application scenarios.

3) AMPL cross-chain: The cross-chain contract has been developed and has passed the audit. It depends on when the project party will release it.

These three favorable factors will expand the application scenarios of AMPL and stimulate the market demand for AMPL.

Therefore, we are optimistic about the performance of AMPL in the next period of time.

Regarding AMPL's issuance of the governance token Forth, cb was launched at the first time. What is the relationship between them? You can take a look at A Fei's thoughts, which are very interesting.

4. Regarding governance tokens, A Fei’s views are very interesting

A Fei’s thoughts on Forth are very interesting. The full text is as follows. I recommend you to follow “defiAfei” on Weibo.

AMPL has issued a coin, so I have to say a few words about it. How should I put it? It seems to have gone astray, but it also doesn’t seem to have gone astray.

According to my previous attitude, the ampl single-currency system should be left purely to the market, and we don’t need to worry too much about its ups and downs. If it is a good thing, the market will naturally recognize it. If it doesn’t work, we will just eliminate it. But now ampl has issued a governance coin, and it seems that it is reluctant to let it go. After all, this is a good thing.

ampl will release single-currency cross-chain, lending and mist cooperation in the near future. These are all major innovations. I have always said that the core of this wave of blockchain industry explosion is the global decentralized high-performance trading network based on eth. In order to achieve basic functions such as super liquidity, super-large-scale capital pool, and multi-currency free exchange rates, there must be a base currency as a buffer, and ampl's mechanism is naturally suitable for this role, so ampl is the core component of this trading network.

If apl can achieve the expected functions, it can realize the connection of the entire network and sink to the basic layer, and apl itself is a cross-chain exchange, with deposits and exchanges across the entire network, and will be upgraded to a new public chain in the later stage. This is what I call the concept of the apl economy, which is a high-dimensional version of the existing defi. It is precisely because the pie is a bit big that if it is left to the market, it may be cloned and surpassed by competitors. After all, organization is more efficient than disorganization. Unless apl is large enough to reach hundreds of billions, it is possible to do so. Otherwise, it is very dangerous. After all, the growth environment of BTC in the past is no longer possible, so governance tokens are issued for regulation.

If the original dealer of ampl was the market, then the dealer now is the big guys behind it, such as Coinbase and other powerful people. Ampl's action is half for itself and half for CB. The following words are some conspiracy theories:

CB's listing confirmed CB's status as the king of kings, but this status is currently supported by exchanges and some project investments. The scale of the blockchain industry will be hundreds or thousands of times larger than it is now. CB is listed and subject to compliance supervision. It is impossible to let go of its hands and feet like Binance. CB cannot let listing compliance become a disadvantageous factor. The government resources, institutional cooperation, financing channels and industry influence brought by listing compliance are too weak to realize these favorable factors. The previous business model is too weak. The best way is to enter the market directly. How to enter the market? Investing in some projects is not just an addiction. CB must sit in the main seat and cut into the core infrastructure of the industry to be suitable for appetite, and ampl is just for this.

Among the components of the high-performance value trading network, ETH is not something that CB can take. Uni and Mist have been cut off by Paradigm, and AMPL will definitely not be able to fly away. This time, Forth issued the coin directly on CB, which is extremely rare. Therefore, the issuance of Forth itself is CB's intention more than the opinion of the AMPL team, and Forth is CB's grip on AMPL. AMPL is about to launch several major actions, and with CB's support from behind, AMPL will be able to enter the fast lane. CB holds USDC in one hand and AMPL in the other, and only by entering the market directly can it sit in the main seat.

ampl's size cannot support what it wants to do, so CB's entry will be better for the project itself. It's like a wealthy family that has a little prodigy. It's unlikely that the family will just ignore the child and let him grow up on his own. On the contrary, it's normal for the family to use the best resources to cultivate the child.

Of course, the above vision for AMPL is just my own deduction of the blockchain economy and then reverse deduction of how AMPL should be developed. This is just my wishful thinking. The second half of the idea about CB is just my imagination. Don’t take it seriously. It is not an investment advice. Anyway, I will leave AMPL and Forth alone. Let nature take its course. The future development of AMPL is more about the operational level. The current situation is at least a good thing in the short and medium term. I wish you all good fortune.