25 Jun 2024

Airdrops – Are They Dead?

Airdrops have been declared dead, but is this really the case?
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  • Crypto users have become outraged at what they deem to be a trend of deeply unfair airdrops
  • The current outrage is not unjustified. There have been questionable actions from teams with respect to airdrop eligibility and distribution
  • Airdrops have always been unfair insofar as advanced sybil farmers have always extracted huge value, but market participants are likely angrier at this current juncture because the broader market is trending down.
  • Where airdrops go from here is not certain, but we can prepare for any scenario by taking a practical approach.
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