For this post we will be reviewing if the Bitmax Airdrop Multiple Card is profitable. Being in the crpto space for years now, I have multiple accounts to different exchanges, and for me Bitmax is one of the best out there. Without further ado let's get going and see if we made some profits with the airdrops.
What is the Bitmax Airdrop Multiple Card?
Bitmax offers it's users a chance to have access to airdrops of different cryptocurrency tokens with a 3x multiplier. The airdrop multiple card is eligible for 5 airdrop events. To be able to access the airdrops you will first need to buy the card. The Card costs 1200 BTMX tokens, BTMX is the native token of the Bitmax exchange. As of now 1200 BTMX is equivalent to $49. Purchase quota is capped at 1 card per user account at each issuance. These cards sell out quickly, I was lucky to be able to purchase with 7 tickets left last August.
How does the Bitmax Airdrop Multiple Card Work?
After purchasing the Airdrop card, I was now eligible for 5 airdrop events. The airdrop events will be posted on the Announcements page of Bitmax. Once there are new airdrop events, you will need to complete a form within the event time. You will just need to enter your bitmax account email on the form, the airdrop is first come first served basis, so it will be best to be the first ones to submit to access the airdrop.
You will then need to wait for the airdrop to arrive, don't worry you will be notified by Bitmax via email if your airdrops have arrived.
There are some important information to take note of for each airdrop event. There are unlock rules for each one, mainly:
- Some airdrop events need your account to be KYC verified.
- There are unlock rules to get the airdrops, you will need to first purchase 2x the airdrop to unlock the airdrop. With this you will need to have a certain amount of backup assets to unlock your airdrop.
- Once you have purchased the required amount of the tokens, the locked airdrop tokens will then be unlocked within 1 hour.
For more information on the Airdrop Rules, you can visit this links:
https://bitmax.io/en/airdrop
https://bitmaxhelp.zendesk.com/hc/en-us/articles/360015971414
Is it profitable?
Now we go to the most important part, is it profitable, have you made back your 1200 BTMX investment? Let's answer these questions in this section.
To quickly answer the question: YES it is profitable, and I made back my 1200 BTMX investment.
Let me put this into detail. I was able to purchase the airdrop ticket last August for $52. Since then I was able to participate in 4 airdrop events, which are:
DIVI - 959 - Sold for $36
EASY - 25 - Sold for $31
Let's review, I hit my ROI just on the first 2 events, so the next 3 events will all be profits from now. With just DIVI and EASY airdrops I made $67 by quickly selling the airdrops. I was now $15 in profit after that.
The next airdrop events were:
CNTR - 4000 - Sold for $28
AKT - 75 - Sold for $29
So with the 2 next events, I made $57 and I have one more event left. This brings my earnings to a total of $124 for the 4 events then minus my initial investment, I am now $72 in profit.
I was so focused on quickly getting back my investment, I didn't bother to research the tokens that I got and sold it quickly. One of the regrets was the EASY token. I was able to get 25 on the airdrop and sold it just at $1.2 at that time. Fast forward to today, it was recently listed in Binance and the price pumped at an all time high of $12 each. So let say if I sold at all time high, that would be a profit of $300 just for EASY. If I held the 50 EASY that I used to unlock the airdrop that would have been $600 already.
So if I made those right decisions and researched I could have been $1000+ in profit right now instead of just $72 imagine that, getting $1000+ for just a $52 investment.
So the lesson for me will be to do a thorough research on the airdrops and see if it has potential, and keep these gems if they will moon! I purchased another airdrop card at the moment, and will be eligible to 6 events. Hopefully I can learn from my mistakes!
Final notes
Happy to help anyone with questions, just drop your comments below and I will try to answer them.
Also this is not financial advice, always do your own research and have a plan. Cryptocurrency is very volatile and you can lose all of your investments.
Thanks so much for reading.