Spintop SPIN Airdrop Details: How It Worked, Who Got Paid, and What Happened After
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See if you would have qualified for the Spintop SPIN airdrop based on the requirements from late 2021.
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Airdrop Value Calculator
Based on the airdrop period in November 2021:
Each qualified participant received 500 SPIN tokens worth approximately $5 at the time.
Actual value fluctuated based on market conditions
Back in late 2021, the crypto world was buzzing with GameFi projects promising play-to-earn riches. One of them, Spintop Network is a blockchain-based gaming hub built to connect players with play-to-earn games using a unified platform. Also known as Spintop, it launched its SPIN token on December 3, 2021, after raising $300,000 across four funding rounds.
How the Spintop SPIN Airdrop Worked
The main SPIN airdrop started on November 23, 2021, and was designed to reward early supporters with 500 SPIN tokens each. That’s about $5 worth at the time - not life-changing, but competitive for a small project. The catch? You had to be one of the first 5,000 people to complete the tasks.
Here’s what you needed to do to qualify:
- Join the official Spintop Telegram group and channel
- Follow Spintop on Twitter and retweet their airdrop post
- Have at least 10 followers on your Twitter account
- Complete a human verification quiz to prove you weren’t a bot
That’s it. No deposits. No KYC. No wallet address submission until after you passed verification. The project used smart contracts on the Binance Smart Chain is a blockchain platform optimized for low-cost transactions, commonly used by DeFi and GameFi projects to distribute tokens efficiently and cheaply.
There were optional tasks too - joining their Discord, following on Medium, signing up for the newsletter. But those didn’t affect your chances. Only the four mandatory steps mattered.
Who Got Paid and How Much
Exactly 5,000 people received 500 SPIN tokens each. That’s 2.5 million tokens total - 18.5% of the initial supply. The rest was reserved for team, advisors, private sales, and ecosystem development.
But that wasn’t the only airdrop.
Spintop partnered with CoinMarketCap is a leading cryptocurrency data platform that tracks prices, market caps, and token distributions across hundreds of blockchains to run a second wave. They distributed 900,000 SPIN tokens among 5,000 winners, with each getting up to 180 tokens. You had to register separately on CoinMarketCap’s airdrop page, so if you did both, you could get tokens from two sources.
There was also a guild system. Top-performing gaming guilds got bonus allocations:
- 1st place guild: 2.5% of total airdrop pool
- 2nd place guild: 1.5%
- 3rd place guild: 1%
This encouraged players to form teams, compete, and grow the community. Some guilds had dozens of members coordinating to hit all the social tasks and maximize their rewards.
Tokenomics and Vesting Schedule
Spintop didn’t dump all the tokens at once. The team knew that would crash the price. So they built a vesting schedule:
- 20% of tokens unlocked at launch (December 3, 2021)
- Another 20% unlocked each month for the next four months
- Private sale investors got 14.28% upfront, then the rest over six months
This kept selling pressure low. But even with these controls, the market didn’t respond as hoped.
Market Performance and What Happened After
At launch, SPIN traded around $0.01 per token. By early 2022, the market cap hovered near $96,950 - tiny for a project that gave out 2.5 million tokens. The broader GameFi boom had peaked in late 2021. By mid-2022, crypto markets crashed, and many play-to-earn games lost users fast.
Spintop’s platform - called Gamepedia - was supposed to be a one-stop shop to find, review, and play P2E games. It had staking, NFT trading, and guild tools. But without steady user growth, the ecosystem never took off. Community activity on Telegram and Discord dropped sharply after the airdrop ended.
Some early participants cashed out quickly. Others held, hoping for a revival. A few even used their 500 SPIN tokens to join guilds and try out games on the platform. But most of those games either shut down or lost funding.
Why the Spintop Airdrop Failed to Last
It wasn’t the airdrop’s fault. It was well-designed: clear rules, fair distribution, smart vesting, and smart partnerships.
The problem? The project didn’t deliver real utility after the tokens were handed out.
GameFi projects in 2021 were riding a hype wave. Investors poured money into anything with “play-to-earn” in the name. But once the hype faded, users left if the games weren’t fun, or if earning real value was too hard.
Spintop’s platform was ambitious - a hub for dozens of games. But it never built enough standout titles of its own. And without strong game content, the token had no reason to hold value.
Also, the Twitter follower requirement (10) blocked some new users. It sounds low, but in crypto, even that small barrier kept out people who didn’t know how to navigate social media or feared scams.
What You Can Learn from the Spintop Airdrop
If you’re thinking about joining an airdrop today, here’s what Spintop teaches you:
- Don’t chase free tokens for the sake of it. Only join if you understand what the project actually does.
- Check the vesting schedule. If 80% of tokens unlock in the first week, it’s a red flag.
- Look for real product use. Airdrops are great for community building - but if there’s no product behind it, the tokens will die.
- Be wary of too many social tasks. If you need to follow 5 Twitter accounts, join 3 Discord servers, and post on 2 forums - it’s probably just a marketing stunt.
Spintop’s airdrop was one of the more organized ones in 2021. But it’s now a case study in how even well-run token launches can fail without real product-market fit.
Is Spintop Still Active?
As of 2025, Spintop Network’s website and social channels are mostly silent. No major updates. No new game releases. No token listings on major exchanges. The last public update was in early 2022.
The SPIN token still exists on Binance Smart Chain, but it trades with almost no volume. You can still check your balance if you claimed it - but selling it now would likely net you pennies, if anything.
Some former users still talk about it in crypto forums as a "good airdrop, bad project."
What’s Different About Airdrops in 2025?
Airdrops today are smarter. Projects now use:
- Staking requirements to lock up tokens
- On-chain activity tracking (like how often you use a dApp)
- Gamified quests with multiple tiers
- Integration with wallet wallets like MetaMask or Phantom
Spintop’s model - join Telegram, retweet, done - feels outdated now. Modern airdrops reward consistent engagement, not one-time clicks.
But the core lesson hasn’t changed: if the project doesn’t solve a real problem, the token won’t either.
Did everyone who signed up for the Spintop airdrop get tokens?
No. Only the first 5,000 people who completed all mandatory tasks received tokens. The airdrop had a hard cap, and once it filled up, the form closed. Many people missed out because they signed up too late or failed the human verification quiz.
Can I still claim Spintop SPIN tokens today?
No. The official airdrop ended in December 2021. The claiming form is offline, and no new distributions have been announced. Any website or social media post claiming to offer SPIN tokens now is likely a scam.
How much was each SPIN token worth during the airdrop?
At the time of the airdrop in November 2021, SPIN was valued at roughly $0.01 per token. So 500 tokens equaled about $5. By the time the token launched on exchanges in December, the price fluctuated between $0.008 and $0.015, depending on market conditions.
Was the Spintop airdrop legitimate?
Yes, the airdrop itself was legitimate. It was run through official channels - Telegram, Twitter, CoinMarketCap - and used smart contracts on Binance Smart Chain. However, the project failed to deliver long-term value, so while the distribution was real, the token’s future did not.
What happened to the Spintop platform?
The Spintop platform, Gamepedia, was never fully adopted. Without enough users playing games on it, the ecosystem stalled. The website stopped updating in 2022, and the team went quiet. There’s no official shutdown announcement, but the project is considered inactive as of 2025.
Sara Lindsey
November 15, 2025 AT 05:04David Cameron
November 16, 2025 AT 03:39it's that we all believed the hype so hard we didn't ask if the game was even fun
we were chasing tokens like they were free candy
but candy doesn't need a whitepaper
Mauricio Picirillo
November 18, 2025 AT 01:27didn't even know what gamepedia was
but now i look back and think... maybe i should've read the damn thing
Gavin Jones
November 19, 2025 AT 17:10Liz Watson
November 20, 2025 AT 11:40congrats you just became the most boring person in crypto
next time just say 'it died' and save us all
Rachel Anderson
November 20, 2025 AT 17:34not because of the money
but because i believed in the dream
we all did
and then the dream just... vanished
like a ghost in a discord server
Hamish Britton
November 21, 2025 AT 04:52then nothing. no updates. no games. just silence
kinda sad when the whole thing feels like a ghost town
Robert Astel
November 21, 2025 AT 13:13what about the grandma in ohio who just wanted to play a game and earn some gas money?
they got locked out by a 10 follower requirement
its like crypto is built for tech bros and everyone else is just collateral damage
and dont even get me started on the vesting schedule
they were so scared of dumping they forgot to build anything
its like building a car but only making the steering wheel
and then calling it a revolution
Andrew Parker
November 22, 2025 AT 07:12they're not money anymore
they're memories
of a time when we thought the future was coming
and we were all just... waiting for it to arrive
it never did
but i still check the price every sunday
like a ritual
like a prayer
like a ghost haunting my crypto portfolio
Kevin Hayes
November 24, 2025 AT 05:43Katherine Wagner
November 24, 2025 AT 16:01so we were scammed... by reality?
or was it... the other way around?
im confused now
did the tokens die... or did we?
ratheesh chandran
November 25, 2025 AT 04:10but still... i did the airdrop... got my 500 spin... now i use them to teach my nephew about crypto... its like a history lesson
with no value but lots of stories
Hannah Kleyn
November 25, 2025 AT 20:00i thought it was gonna be the next big thing
i joined the discord, followed the twitter, did the quiz
and then... nothing
no updates
no games
just silence
and now when i see the price it's like... 0.00002
i wonder if anyone still holds it
or if we're all just ghosts in a blockchain graveyard
and the only thing left is the memory of what we thought it could be
gary buena
November 26, 2025 AT 12:58no rug pull
no fake team
just... a bad idea
and somehow that’s worse than a scam
at least a scam gives you closure
this just leaves you wondering what you were even doing there
alex piner
November 27, 2025 AT 02:33not because i think they’ll go up
but because i dont wanna delete the memory
we all thought we were building something
turns out we were just clicking buttons
and hoping for magic