Bluefin Review 2023: Good Or Bad Airdrop Read Our Review

What Is Crypto Airdrop?

Distributing free cryptocurrency tokens or coins to a specific set of wallet addresses as a marketing tactic or incentive is known as a “crypto airdrop.” In an effort to raise awareness, draw users, and promote community involvement, blockchain initiatives, startups, and existing cryptocurrencies frequently embrace this strategy. Airdrops usually entail the allocation of a fixed quantity of tokens to participants who fulfil particular requirements, such possessing a set quantity of a particular cryptocurrency, engaging in social media campaigns, or fulfilling other assigned duties.

The concept of “dropping” these digital goods into participants’ wallets—often without any kind of payment—is where the word “airdrop” comes from. Although airdrops can be an effective way to disperse tokens and grow a user base, users should be cautious and confirm the airdrop’s legitimacy to prevent falling for scams and phishing efforts that are common in the cryptocurrency world.

What Is Bluefin Airdrop?

Bluefin Airdrop aims to offer traders a more performant, low-cost, and Web2-like user experience. Over the course of this year, they’ve rewritten their codebase and built on a new underlying technology. Bluefin is built on Sui, which enables horizontally scalable performance and a wallet-less trading experience that competes with the user experience of a centralized exchange.

Bluefin (previously Firefly) has raised a total of $4M from investors like Polychain Capital and Huobi. They’ve confirmed to launch “BLUE” token, and users who trade earn BLUE points, which will then be converted to BLUE tokens at a 1:1 ratio at TGE. Also, earn 10% rewards from each referral, and users who sign up using the below link will also get a 10% bonus reward.

Basic Bluefin Airdrop Points

How To Claim Bluefin Airdrop Step-by-Step Guide:

1. Visit the Bluefin website.
2. Connect your Sui wallet like this wallet by Sui.
3. Accept the terms and complete the onboarding.
4. Go to “Account” and enter “v2-2kw0ud” in the referral code field.
5. You will get a 10% bonus reward on trading if you use the above code.
6. Now you will need some SUI and USDC. You can get it on Binance.
7. Bluefin currently supports only USDCeth, so bridge USDC only from Ethereum. You can use the Portal bridge powered by Wormhole.
8. Go back to Bluefin, click on “Deposit” and deposit USDCeth.
9. Now make trades on perpetuals.
10.  You will earn BLUE points for making trades plus the bonus 10% if you’ve used the above code.
11. BLUE points will be converted to BLUE tokens at a 1:1 ratio at TGE.
12. A total of 6% of the total supply has been allocated to users who collect BLUE points.
13. For more info regarding the rewards, see this page.

How To Check Bluefin Airdrop Is Real Or Fake

Checking the legitimacy of a crypto airdrop can be a bit tricky, as scammers often use sophisticated techniques to create fraudulent airdrop campaigns that appear to be legitimate. Here are some steps you can take to verify the authenticity of a crypto airdrop:

1. Official internet page: Go to Bluefin’s official website or the project linked to the airdrop. Make sure the airdrop information is shared via their official channels of communication, which include their blog or news part of the website.
2. Official Social Media Accounts: Check out Bluefin’s or the appropriate project’s official social media accounts. Announcements of legitimate airdrops are usually made through official channels or on Twitter or Telegram. Seek out vetted accounts that have made formal declarations.
3. Official Social Media Accounts: Check out Bluefin’s or the appropriate project’s official social media accounts. Announcements of legitimate airdrops are usually made through official channels or on Twitter or Telegram. Seek out vetted accounts that have made formal declarations.
4. Community Discussion Boards: Participate in discussions with the community on websites such as Reddit, Bitcointalk, or the official project community channels. Keep an eye out for government statements and local conversations about the Bluefin airdrop.
5. Cross-Checking: Check the airdrop information with several trustworthy sources. Verify information on the official website by comparing it to announcements made on social media or in community forums.
6. In summary, it’s important to conduct thorough research, verify the source and instructions, look for feedback from other users, and trust your instincts when evaluating the legitimacy of a crypto airdrop. By taking these steps, you can minimize the risk of falling for a fraudulent airdrop and protect your assets and personal information.

What are the risks of participating in an airdrop?

In order to maintain their security and safeguard their digital assets, people should be aware of the inherent hazards associated with participating in bitcoin airdrops. The possibility of fraud and con games is one of the main risks.

Malicious actors may take advantage of the popularity of airdrops by fabricating projects or passing for real ones in an effort to fool participants into transferring cryptocurrency or disclosing private information. The requirements for eligibility that the airdrop organisers have established carry an additional risk. Certain airdrops might mandate that participants possess a particular quantity of a coin or fulfil duties that necessitate disclosing personal information.

Bluefin Airdrop Pros Or Cons

Pros of participating in an airdrop:

1. Enhanced User Experience: Bluefin aims to provide traders with a more performant, low-cost, and Web2-like user experience. The rewrite of their codebase and adoption of Sui technology allow for horizontally scalable performance, offering users an interface that competes with the user experience of centralized exchanges.
2. Innovative Technology: The platform is built on Sui, a technology that enables horizontally scalable performance and supports a wallet-less trading experience. This technological innovation may attract users seeking efficient and seamless trading without the need for traditional wallets.
3. Strategic Funding: Bluefin has successfully raised a total of $4M in funding from reputable investors such as Polychain Capital and Huobi. This financial backing can be seen as a positive indicator of confidence in the project, potentially supporting its development and growth.

Cons of participating in an airdrop:

1. Dependency on New Technology: The adoption of a new underlying technology, Sui, may pose challenges in terms of user adaptation and potential technical issues. Users may need time to familiarize themselves with the new system, and unforeseen technical glitches could impact the platform’s reliability.
2. Market Competition: While Bluefin aims to provide a competitive user experience, the cryptocurrency trading space is highly competitive. Established exchanges and new entrants continually innovate, making it crucial for Bluefin to consistently deliver and differentiate itself to gain and retain users.
3. Token Value Uncertainty: The success of the BLUE token depends on factors such as market demand and adoption. The value and liquidity of the token may be uncertain initially, and users should be aware of potential fluctuations in token value.

Bluefin Airdrop Final Verdicts

Bluefin presents a compelling vision for the cryptocurrency trading landscape, aiming to provide traders with an improved, cost-effective, and Web2-like user experience. The platform’s strategic decision to rewrite its codebase and build on the innovative Sui technology reflects a commitment to scalable performance and a wallet-less trading experience, which aligns with the convenience offered by centralized exchanges. The successful fundraising of $4M from reputable investors like Polychain Capital and Huobi adds credibility to the project, suggesting industry support for its development.

The introduction of the “BLUE” token, coupled with a rewards system where users earn BLUE points convertible to tokens, provides a unique incentive structure for the trading community. The 1:1 conversion ratio of BLUE points to BLUE tokens at the Token Generation Event (TGE) adds transparency and value to the platform’s tokenomics. Additionally, the referral program, offering 10% rewards for each referral and a 10% bonus reward for new sign-ups, contributes to the community-building efforts.

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