The crypto industry is reevaluating the effectiveness of airdrops as top users quickly dump tokens received, leading to questions about loyalty and value. Founders are reconsidering the impact of airdrops as some projects face challenges with airdrop farming. There is a growing sentiment that the airdrop trend may be declining, with concerns about the sustainability and benefits of airdrops in attracting capital and fostering user engagement.
Are airdrops are free money?
Sad to say I think we are at the end of the golden airdrop era, zk sync officially marks the end, think we will see 1-2 more solid "network / blockchain" airdrops such as Scroll but options looking slim
do users deserve airdrops? https://t.co/YKLzOVtxZf
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
As @cburniske points out, founders are seeing entitled airdrop farmers dump their tokens, questioning the loyalty gained from airdrops. With significant declines post-airdrop, is it time for the industry to move on from airdrops? 🖊️ @JuampiAranovich 🔗 https://t.co/v5YzODs06f https://t.co/ekmJeVquBO
Blaming airdrop farmers is fresh man. These tokens are absolute vapor. Only in crypto can you give up zero revenue or equity and launch something that trades in the billions in the name of “governance” it’s a scam for you to be able to keep/sell to VCs just as much as it is for…
Founders watching entitled airdrop farmers complain about their allocations in the same breath that these farmers immediately dump their tokens are likely reconsidering the loyalty gained, and cost expended, during airdrops. $EIGEN, $ZK, $ZRO all similar behavior. We can do…
Just like with anything else in crypto, airdrops too are cyclical. We're topping the airdrop sentiment with all the lame drops and "airdrop meta is dead" but this isn't the end for airdrops, and there will be a point in the not-so-distant future that some protocol will… https://t.co/YP1CsayV2O
If this is truly the end of airdrops then it's also the end of a decent userbase which is the end of crypto VC. Realistically no one is ever going to bridge to some busted chain that has a terrible UI and no block explorer to "test out new chains!" without receiving value. https://t.co/pU2IMVWmxD
crypto is being served a reality check across sectors airdrops are being questioned because protocols no longer see the benefit in attracting mercenary capital when their top users dump the second they receive tokens nfts are bleeding as farmers have stopped taking on millions… https://t.co/HC2NpSMbau