The practice of airdrops in the cryptocurrency market is facing increasing criticism and scrutiny. Airdrops, initially designed to boost user engagement and distribute tokens, are now seen as ineffective and counterproductive. Critics argue that airdrops attract 'farmers' who sell the tokens immediately, providing no long-term value to the projects. This has led to a phenomenon known as 'mercenary airdrop farming,' where individuals exploit the system for short-term gains. Some industry experts suggest that airdrops have been weaponized to inflate user statistics rather than secure the future of protocols. Additionally, airdrops suffer from anti-network effects, reducing rewards for true supporters. The sentiment is growing that airdrops no longer serve their intended purpose, with some calling for an end to the practice altogether. Some suggest launching projects at healthier FDVs instead.
Airdrops are dead Let’s move on https://t.co/JjYWavrI2m
Today, we take a look the airdrop farmer in his natural habitat: https://t.co/00JAQCVEqi
Thanks, <airdrop you are mad about> https://t.co/09T2dsev28
airdrop culture is getting out of hand https://t.co/i6oHmTIE51
look, it's not an airdrop, it's an EAirdrop
AIRDROPS DO NOT WORK! ⚠️ HERE'S WHY!!! 👇…
AIRDROPS ARE BULLSH*T! HERE'S WHY!!!…
Airdrops Just Aren’t Working Anymore As more projects fall victim to “mercenary airdrop farming,” could the crypto industry’s obsession with airdrops finally be coming to an end? https://t.co/Shn5ejJYcY
Truly think it’s better to not do airdrops and just launch at way healthier FDVs. If people can get in for reasonable valuations then there’s no need to try and airdrop farm. Airdrop farming is really just a tool to try and get tokens on a level playing field. https://t.co/o4hLjFGvLh
Long live the glorious airdrop farming days https://t.co/RlYjb6s0NH
Airdrops suffer from anti-network effects. The more industrialized and methodical farming is the less money will be available to reward true believers and supporters of the protocol The best airdrops are surprise and I daresay not even regarded as airdrop farming opportunities
Thanks to airdrops. 🩸 https://t.co/zC04VvUCy9
🌶️ Airdrops have been weaponised to generate statistics to boost a projects user base, rather than to secure the future of a protocol after reaching PMF. https://t.co/k2iyUp874b
This is correct, and so important. It’s one of the key reasons the market is behaving the way it is. Airdrops offer virtually no skin in the game. To the receiver, airdrop is like income, not investment, they work for some tokens, and then sell those tokens immediately and… https://t.co/kcCpaYjakT
airdrop farmers https://t.co/L3EEZVw2j9