The AI memecoin GOAT experienced gains of 100x to 500x or more for early buyers who acquired it on a DEX shortly after its launch. This occurred within weeks before its market cap reached hundreds of millions.
"Take last year's AI memecoin wave for example. Tokens like GOAT went from launch to hundreds of millions of market cap within weeks. Early buyers, the ones who found it on a DEX at the start, made 100x, 500x, sometimes more."
Cryptocurrencies listed on centralized exchanges (CEXs) are already past their significant growth phase. Early opportunities for 100x gains are found on decentralized exchanges (DEXs) with newly launched, low market cap projects.
"If you want exposure to new projects, the ones fresh off the block trading at tiny market caps before they blow up, you won't find them on Coinbase. By the time Coinbase lists something, the 100x opportunity has already happened."
Users of Uniswap prior to September 2020 received an airdrop of 400 UNI tokens, which at its peak price was valued at over $12,000.
"Take unis swap's 2020 airdrop which gave $400 uni to anyone who'd used the platform before September. At peak prices that was worth over $12,000 for free just for using the decks early."
dYdX aggregates liquidity from multiple DEXs, enabling users to obtain the best available price by accessing liquidity across various platforms simultaneously.
"Edex aggregates liquidity across multiple dexes. You get the best available price across several platforms simultaneously."
Users of dYdX will receive a 1.1x multiplier on accumulated points, which could lead to a significant airdrop, potentially surpassing the value of the 2020 Uniswap airdrop.
"And not only that, you'll get a 1.1x multiplier on the points that accumulate as you use the exchange. Something you'll really appreciate when AirDrop Day comes around. Fingers crossed this one will beat Uniswap's crazy airdrop from 2020."
