ENS Airdrop Myth: Some students received US $ 2.78 million, some lost $ 10 million.

"Money comes from the storm. If you're tired of making money, you're in trouble." I don't know if there is a case of a strong wind blowing money in other industries, but here in the blockchain the wind is very strong.

Airdrops is a leader in the cryptocurrency world, many of which provide free tokens to early adopters, developers, developers, and others involved in various ecosystems to create thriving ecosystems. I remember doing deals like New Years Eve with airdrops from Uniswap, the world's largest decentralized trading platform, last year the price was equal to one iPhone for one person.

This year the celebration came from a project called ENS.

This is the domain name Ethereum, a multi-year OG industry project. Because NFT avatars can tell the story of the Metaverse, in the Ethereum network closest to the real Metaverse, domain names have their own and their own value.

And the disadvantages of this OG airdrop are very good.

There is community media. Local Chinese manufacturers were successfully selected to become ENS partners and received an airdrop of 46,000 participants. The user is still very young, now he is in college and has not invested much in the cryptocurrency industry, but he achieved financial independence "by accident" through community building, this which made him jealous of many. entrepreneurs.

At current prices, the cost of the ENS is about $ 60 and the 46,000 ENS drop is about $ 2.78 million.

If you have registered for your ENS program in the past, you can get a free investment and more airdrops for communities, partners and others in green building. The airdrop covered 138,000 homes, which is another big celebration.

One of the reasons this massive drop is making us rich is the resilience of the ENS, and the cost of the ENS is even greater. After all, it is difficult for the price of an ENS token to reach its current high without a commercial guarantee.

ENS: name registration system in the Web3 era

In the era of the Web2, we usually registered manually when accessing network services, but this behavior almost made us forget that the registration service did not exist from birth on the Internet.

In the internet age, communication between devices still depends on the IP address. When configuring the router, like 192.168., The average user still sometimes uses 4-segment and 3-segment math together. 1.1.

Every website has to enter its IP address, which makes it almost inconvenient for users, and the emergence of DNS services has solved this problem. A DNS service provides a domain name with an IP address so that users can access a single IP address through a combination of scripts that are easy to remember.

And as we move into the decentralized world of blockchain, these features become even more important. It is not easy to use 12 digit IP addresses, but what about the IP address and script with up to 42 digits?

Consider the situation where you need to enter a wallet address. Every time you verify your address you will need to verify up to 42 characters, and if you enter the wrong address you will be lost. In the age of the Web2, on the other hand, most of the internet resources that we encounter, such as website address, email address, and account name, only need to be changed. The math links are precise and easy to find where to look.

The concept of decentralization is very appealing, but in terms of user experience, Web3 is still far beyond the basic services of the Web2 era. The birthplace of the name ENS improved this to some extent and provided services like DNS to the crypto world.

After using the ENS domain name, users can resolve their own example.eth to their Ethereum address, and when submitting, the .eth address equals 42 Ethereum address numbers. On platforms or devices that support ENS, such as OpenSea and chain browsers, user addresses are also represented directly as .eth addresses.

(Many players in the crypto industry, including V God, have set up their .eth addresses as their Twitter names.)

ENS brings a simple and personalized address to the world of cryptography. Many crypto artists attach their wallets to their .eth address.

At the end of August of this year, the ENS announced the full integration of ETHereum's DNS namespaces, allowing users to associate ".com" domain names with Ethereum addresses. The ENS service now supports multiple domain names such as .com, .org, .io, etc. Previously, only .eth domain names could be resolved correctly in exchange for strings, and this restriction no longer applies. The ENS wave of names was also unveiled outside, and in August of this year Budweiser beer will be “beer.eth” for 30 ETH.

Unlike traditional DNS records, ICANN has certified hundreds of providers that offer traditional Internet registration services and pay registration fees. On the Ethereum network, ENS is the most used name.

Financial independence of the airdrop, community participation will ultimately benefit

Air drops can be overkill because they are financially independent, but the cost of air drops to get to a user's private address receiving ENS drops is enormous.

Currently, the cost of ENS is approximately US $ 60. How many active users are getting the most airdrops at a higher price? After checking all the addresses that received drops, we found the addresses that received the most drops.

According to the channel's data, a total of 6 sites received more than 100,000 ENS airdrops.

The space contracted with the first 4 of them "0xd7" could be the biggest winner of this airdrop. Win 1 million ENS (around 60 million USD).

Meanwhile, 0x3a received 2nd place from airdrops received, 294,000 ENS (approximately $ 17.64 million). beccaliebert.eth received 170,000 ENS, which is the third largest drop site at around $ 10.2 million. “0xfe” received 165,000 ENS, placing fourth in the ENS equivalent of approximately $ 9.9 million.

And as the college students said at the start of this article, 46,296.3 “dan” contributors have been dropped and 46 addresses have already received them.

Large drops of up to ten million dollars can be frustrating for users who don't receive the drop. But looking back at the drop rules may take some comfort. People don't need to get those 100,000 or 1 million airdrops. 25% of all ENS products are released to ENS contributors, which include over 100 members and teams. This means that some airdrops today are shared by groups, which may explain why there are so many space contracts in the airdrop space.

Registration agencies have lost tens of millions of dollars as a result of the airdrop's fair approach.

The domain name hype was born with the advent of the Internet age, and there is no shortage of registered domain names in registration services. According to Etherscan data, there are 20 addresses with over 1,000 domain names.

ENS Airdrop adopts more secure computer. Independent addresses are used as the basis of accounting and many listings do not increase the phone number. This means that an address cannot get more airdrops because it has more ENS names, this ranking is not only good for big players but also fair. The plan also avoids as much as possible drops of big data such as the packaging industry and the holding position of Wool Party Machines from previous activities.

Since brand names typically contain multiple domain names at the same address, they miss airdrops several, ten, or hundreds of times.

According to data from Dune Analytics, 403,000 ENS domain names have been created to date, but only 152,000 independent sites have registered domain names. It also means that multiple addresses have multiple domain names registered at the same time.

ENS is located on the string in the form of the ERC-721 token, so the function of the domain name can be calculated by the position of the token.

When the ENS token expires, the domain name cannot be resolved normally, but the ERC-721 token is not immediately deleted. After the name was registered with another address, the first ERC-721 was sent to the black hole for damage. Thus, the Etherscan data is inaccurate and is for informational purposes only.

ENS ERC-721 tokens held by four stacked slots include more than half of all ENS registered tokens. Taking the address ending in '28e2' as an example, this address contains approximately 40,798 ENS tokens, which is the largest address of the ERC-721 ENS tokens, accounting for 29.1% of all ENSs.

The address "28e2" no longer receives airdrops because it has 40,000 registered names. In this airdrop, 25 million ENS users are distributed, with an average of 180 ENS receiving a single address. Assuming that 40,000 names are registered indefinitely and 40,000 addresses are available to them, a simple estimate is that users will receive 7.2 million ENS, or roughly $ 432 million.

A big token project landed and the cost of the walk put the store to the test.

Over 137,000 households are eligible for this drop, and the size of this drop is impressive. Just two months ago, the dYdX jet already achieved huge success in the market, with only 36,000 users eligible to invest in dYdX grains, less than a third of them.

One of the published data may give us a better understanding of air drops. The total number of ENS dropped in for users is 25 million, and the average cost to get an address is 180. In addition, you can get up to 1,179 independent locations on multiple occasions that take advantage of various events and whose registration time has reached the limit.

The airdrop is still open for gatherings and the celebration continues. The cost of ENS has also become the next issue people are addressing. The cost of ENS continued to increase by around US $ 30 when the reservoir was built and now hovers around US $ 60.

According to data from Dune Analytics, 55,000 locations were dropped, receiving a total of 11 million locations, with 56% of ENS still unconfirmed. It is not yet clear whether these ENS will affect the market after they are received.

It's not a new idea, but the decentralized registration process is again in the middle of the market. After years of development and exporting, the cost of ENS trademark registrations has finally made its way into the market. After a short forecast at the initial stage of publication, the market value of ENS can be stabilized or determine the market potential of the entire range.