there is still time to give up on your governance tokens anon

intersubjective mechanism design @ poidh.xyz - come chill /poidh + follow @poidhbot

I made the mistake to hold onto 95% of the airdrops I got from governance. Mostly by loyalty. Great mistake in most cases. ARB is down bad, OP is still cool but not moving much, ZK is cool too, but same, all the others are just pointless. I held MANTA from 22K to 3k only to swap it for HIGHER a week ago. Did the same with SCROLL. Most of my airdrop portfolio is down -70%

Things could change though.

Web3 marketer. Head of lots of stillborn, but cool projects. Blockchain for direct democracies. Hat stays on. Host of /shift

The biggest problem is the token unlocks. The appetite for these tokens do not (at the moment) allow for a sustainable growth to make up for the unlocks.

I'm in Europe, no need to declare anything unless you cash out for fiat, so it's just there waiting to pump, or die 😆 👍 

I'm at -70% of my airdrop tokens, but in the meantime, I'm sticking to my plan. This is my third cycle. Last cycle I did not diversify enough (ETH and LINK accounted for 90% of my portfolio). Airdrops allow me to diversify, so as long as I stick to my plan, we'll see how it plays out in the end. Memecoins are helping big time too. Basically covering all of the losses + extra.

you a real one for being transparent about the losses! are you in the US? when my airdrops crashed I've at least been able to use them to offset some taxes, like I lost $4500 from my friendtech airdrop between when I claimed and when I finally sold, so a nice way to reduce my overall tax bill