SPIN Airdrop by Spintop: How It Worked, Who Got Tokens, and What Happened After

Back in late 2021, if you were active in crypto Twitter or Telegram, you probably saw a flood of posts about the SPIN airdrop. Spintop Network was pushing hard to build a community around its new blockchain gaming platform, and the airdrop was its main tool to get users onboard. It wasn’t just another free token giveaway - it had structure, rules, and a clear goal: build a player-driven GameFi ecosystem. But here’s the thing - most people who joined didn’t know what they were signing up for. And by 2025, very few still remember what happened to those tokens.

How the SPIN Airdrop Actually Worked

The main SPIN airdrop launched on November 23, 2021. It wasn’t open forever. Only the first 5,000 people who completed the tasks got in. Each got exactly 500 SPIN tokens. That’s $5 worth at the time - not life-changing money, but enough to get people excited.

To qualify, you had to do three things:

• Join the official Spintop Telegram group and channel
• Follow Spintop on Twitter and retweet their airdrop post (you needed at least 10 followers on your account)
• Fill out the airdrop form and pass a human verification quiz

The Twitter follower requirement was a sneaky barrier. If you were new to crypto and had just created your account, you were out. No exceptions. That kept out bots, sure - but it also kept out real beginners who didn’t know how to navigate this world yet.

The verification quiz was basic - things like "What’s the name of the project?" or "Which blockchain is SPIN on?" - but it added friction. People gave up. Some didn’t even realize they had to complete it. Others got stuck waiting for hours for approval.

Extra Tasks That Didn’t Matter (Much)

Spintop threw in optional tasks to boost engagement:

• Follow them on Medium
• Join their Discord server
• Subscribe to their newsletter

These didn’t increase your token amount. No bonus. No extra points. But people did them anyway - hoping for favoritism, or thinking they’d be prioritized. They weren’t. The system was purely first-come, first-served. Once you hit the 5,000 limit, the form shut down. No second chances.

The CoinMarketCap Airdrop - A Bigger Pool, Smaller Rewards

Spintop didn’t stop at their own platform. They partnered with CoinMarketCap, one of the biggest crypto data sites at the time. This second airdrop gave away 900,000 SPIN tokens to 5,000 winners. But here’s the catch: each winner got only up to 180 SPIN tokens - less than a third of the main airdrop.

This wasn’t meant to replace the main campaign. It was a way to reach people who didn’t follow crypto Twitter but used CoinMarketCap to track prices. Smart move. It spread awareness. But it also diluted the value for those who did the hard work on Twitter and Telegram.

Guilds Got Rewarded - But Only the Top 3

One of the more interesting parts of the campaign was the guild system. Spintop encouraged users to form teams - guilds - to play games together and earn rewards. But the airdrop didn’t reward all guilds equally.

Only the top three guilds got extra SPIN tokens:

• 1st place: 2.5% of the total airdrop pool
• 2nd place: 1.5%
• 3rd place: 1%

That meant a well-organized guild with 100 active members could walk away with hundreds of thousands of tokens - while solo players stuck with their 500. It created competition. Some guilds hired moderators, ran Discord bots to track activity, and even paid members to stay active. Others just fizzled out.

Tokenomics: How SPIN Was Supposed to Last

Spintop didn’t just hand out tokens and disappear. They had a plan for how they’d be released:

• 20% unlocked at launch (December 3, 2021)
• Another 20% released each month for the next four months
• Private sale investors got 14.28% upfront, then the rest over six months

This vesting schedule was meant to prevent a crash. If everyone sold their tokens the moment they got them, the price would die. But it didn’t work as planned. The market shifted. GameFi lost steam. And SPIN never gained real utility beyond being a membership pass to a platform that never fully launched.

What Happened After the Airdrop?

By early 2022, the airdrop was over. Spintop kept posting updates. They promised Gamepedia - a hub for finding play-to-earn games. They talked about staking, NFT trading, yield farming. But none of it materialized at scale.

The market capitalization stayed stuck around $100,000 - tiny for a project that handed out over 2.5 million tokens. Trading volume dropped. Discord and Telegram channels went quiet. Some people cashed out their 500 SPIN tokens for a few dollars. Others held on, hoping for a comeback that never came.

By 2025, SPIN is still listed on a few small exchanges. The website is live. The whitepaper is still up. But there’s no real activity. No new games. No new partnerships. No updates beyond the occasional social media post.

Why the SPIN Airdrop Failed to Last

The airdrop did its job - it got attention. Thousands of people joined. But it didn’t build a product people wanted to use long-term.

Most GameFi projects in 2021 were built on hype. They promised big returns. They didn’t deliver fun games. SPintop was no different. The platform never had enough quality games to keep players engaged. Without gameplay, tokens are just digital receipts.

Also, the airdrop was too focused on social media. It rewarded people for posting, not playing. That’s not how you build a sustainable ecosystem. You need players who care about the game, not the token.

What You Could Have Done Differently

If you were part of the airdrop:

• You got 500 SPIN - worth $5 in 2021. That’s about $0.15 today.
• If you held, you lost 97% of your initial value.
• If you sold early, you made a few bucks. Not bad for 20 minutes of work.

The real lesson? Don’t chase airdrops for profit. Chase them for access. If the project has real tech, real games, real users - then the token might matter later. If it’s just a social media stunt? You’re paying in time for a chance at pennies.

Is There Any Chance SPIN Comes Back?

Maybe. But don’t hold your breath.

The GameFi boom of 2021 is over. New projects now focus on actual gameplay, not token farming. Spintop would need to rebuild from scratch - launch real games, attract real players, and prove it’s more than a relic of a dead trend.

Right now, there’s no sign of that happening. The team hasn’t released any major updates in years. No new hires. No partnerships. No roadmap revisions.

If you still have SPIN tokens, you can claim them on the official site - but don’t expect them to be worth much. And if you’re thinking about joining a new airdrop? Look at what the team is building - not how many social media tasks they ask you to do.

Final Thoughts

The SPIN airdrop was a textbook example of how not to build a lasting crypto project. It succeeded at getting attention. It failed at keeping it.

Thousands of people got free tokens. Few got real value. And now, in 2025, it’s a footnote in crypto history - a reminder that airdrops are not investments. They’re marketing tools. And like all marketing tools, they only work if the product behind them is real.

If you’re looking for the next big airdrop, skip the ones that ask you to retweet. Look for the ones that ask you to play.