W-coin formally announced that their long awaited airdrop and token listing will be taking place on the 25th of January, 2025 and since then, hopes have been up. Alot of users who for close to 10 months have been earning and accumulating the coins using their tap-to-earn mini-app are expecting something impressive from them but after close investigation on my part, I think it’s in one’s interest to lower expectations.
If you are the type of person expecting a very impressive listing price and favourable airdrop, then I would say it’s best you have a rethink. You may be wondering where this is coming from — the thing is, I have closely analyzed the best possible scenario and the worst based on experience from previous tap-to-earn projects that have already listed and came to the conclusion that, W-coin might not “cook” or perform as well as some people may want it to.
In this article, we will be having a look at some of the reasons why I think it’s best for all players of the game to lower their expectations when it comes to the airdrop and the potential listing price.
About W-coin
W-coin is a telegram tap-to-earn mini-app that was launched sometime last year, where all users had to do was to tap on a coin icon to earn the points. Points that would probably be used to airdrop users in the long run.
The project has been ongoing for a long while now and they finally decided to come forward with a definite date for listing after choosing the TON Blockchain as the home of their forthcoming token. According to their announcement, 25th of January is the date set aside for the airdrop and listing of w-coin.
However, there are certain red flags I noticed or things I have seen in recent times all pointing to the possibility of the project being a flop at the end and we will be discussing some of them in this piece.
Negative Indications
There are certain negative Indications coming from the w-coin project all users should be aware of and they are as follows;
1. Introduction of W- Galaxy – prior to the announcement of a listing date, the team introduced w-galaxy which they claim is to help give certain users some privileges not enjoyed by all. Users are required to purchase the special privileges with 0.75 TON in order to be able to access all their tokens at TGE, be safe from the daily slashing that takes place currently for inactive users and many other features.
This is a negative indication because asking users to pay money has defeated the purpose of an airdrop. An airdrop project is supposed to give users who help make the project popular with free tokens that’s the essence of the airdrop and as such, asking users for money defeats that purpose.
Additionally, most tap-to-earn projects that ask users to pay money for special privileges often end up underperforming significantly. So it is in your best interest to lower whatever expectations you may have about the project in order not to get disappointed.
2. Lack of Clarity on whether W-AI or W-coin will be more important for airdrop allocation – so they introduced the W-AI mining towards the end of the project and from their body language, no one knows exactly what will be used to judge the amount of tokens to be distributed.
Most users have less W-AI than W-coin points so it would be highly unfair for them to use the former for allocation as that will lead to most users who started with them having much less tokens. Personally, I didn’t take the W-AI mining so seriously since I already had billions of w-coin and recently they made a fishy announcement about the W-AI possibly having more weight in determining airdrop allocation.
Projects that fail to come clean regarding the criteria for airdrop often end up disappointing users. They might decide to use the W-AI for airdrop thus leaving a lot of users with little to nothing. It is important to bear this in mind as a possibility as well.
3. Total Token Supply – the total supply for w-coin is 100 Billion — while many may argue that this is not too bad, I stand to say that it’s not so nice. Reason is, w-coin unlike many other projects had less number of users judging from the numbers shown to us by telegram, then how did they come about this total supply?
Projects with a very high total supply often end up listing at a terrible price. If you are expecting w-coin to list at a wonderful price, then I suggest you start having a rethink as this total supply is quite on the high side and in all honesty, it’s bad for business. Token allocation might be high but the price as well wouldn’t be commendable.
4. No Exchange(s) has announced future listing of the w-coin token; which leaves me wondering if they have plans to make an extension of date. Often times we see projects getting announced on various exchanges weeks before listing but this seems not to be the case on w-coin as no exchange has announced listing of the token and the date is fast approaching.
Don’t get me wrong though, it’s not too late but the quietness on the part of the “top tier” exchanges is not so encouraging. Will the w-coin team extend listing date after so many months of waiting? That’d be highly disappointing to the users.
5. Introduction of “Extra Tapping & Power the Team” – these two new features are aimed at making the users make purchases within the mini-app. For extra tapping, they are giving users the opportunity to automatically tap even while offline to increase their potential airdrop but to purchase the feature, you need at least 0.75 TON which is quite a lot!
Secondly, the power the team is like a show of support from users to the w-coin team. All these are negative indications. They point to unpreparedness of the w-coin team for the airdrop. Conducting a successful, community driven Airdrop needs funds and from the look of things, they lack the needed funds to make the airdrop a success thus the indirect financial exploitation.
These and more are the reasons why you ought to lower your expectations from the platform and channel your energy into something else while waiting for their so called airdrop when it eventually comes.
Finally, judging from the number of w-coin points or tokens users have, the chances of getting a good listing price is second to nil. So for your own good, brace up for what’s to come.
Mistakes to Avoid Before W-coin Listing
There are certain mistakes you should not make before the listing of w-coin and they are as follows;
1. Not Opening the Mini-app daily – they introduced a slashing policy for people who are yet to purchase the w-galaxy and if you continuously miss opening the mini-app daily, your tokens might as well be completely slashed before the TGE.
I have personally lost more than 2 billion of my balance to slashing and as such, I wouldn’t want you to make same mistake.
2. Paying for W-galaxy – it’s advisable not to pay for the w-galaxy or even make any purchases within the app. They are portray very negative signs and as such, one needs to be careful before spending his or her money to avoid not being able to even earn back the amount spent.
Conclusion
W-coin listing and airdrop is very close but these signs discussed in this piece are necessary for every user to take note of to avoid feeling so disappointed when things go south. There is no positive indication about their listing and to be honest, I am personally not excited about it in any way.
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