In June, many new crypto projects are emerging and starting to list on various exchanges. Along with the hype, the community is also discussing the potential airdrop. But as time goes on, more and more disappointed voices are heard:
> "Have been in the testnet for months, but got nothing." "Why do those who farm for 3 days get large allocations?"
This phenomenon is not a coincidence. One of the causes is the point farming mechanism from large platforms.
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What is Point Farming?
Several exchange platforms are now running programs that give points to users who:
Providing liquidity (LP)
Staking tokens
Actively swap and transfer between wallets
The goal looks good: to encourage the adoption of new projects by providing incentives to active users. But problems arise when:
This point is the main determinant of the airdrop.
The community that has supported from the beginning is actually defeated by newcomers who immediately farm massively.
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Early Community: Left Behind Without Appreciation
A blockchain project built by the early community:
They participated in the testnet, reported bugs,
Active on Discord, Telegram, Twitter.
Create content, invite friends, build awareness.
However, due to the shifting distribution mechanism,
Allocations for the early community become small.
Even many are labeled as "not eligible."
> Should have received 100 tokens, ended up with 40.
Should have received 40, ended up with 0.
And this is not a case of one or two. It has happened in several projects that have recently listed.
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Domino Effect: Listing = Dump
With an intensive and volume-based farming system, when the token lists:
Many large wallets sold immediately.
Token prices have fallen sharply (in some cases like ZKJ, MOVE, and others).
The community is disappointed, the project is abandoned.
The farming community is indeed active, but short-lived.
They are not long-term supporters—more like point hunters.
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There must be a balance
Farming is not entirely bad. Programs like this can help the project become known to the public and attract new users. But there must still be balance in distribution:
Don't take the portion of the early community just for short-term traffic.
Projects need loyal users, not just temporary volume.
If all airdrops are dominated by farming participants,
> The community is no longer a partner. Just a spectator.
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Hopefully in the future, projects and platforms can be wiser in managing incentives.
And we—the community—remain critical, stay enthusiastic, and continue to maintain the ecosystem together.
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> ⚠️ *This article is just a sharing and not an investment invitation.
> Crypto is full of risks — whether it’s a new project or an established one.
> So, stay wise and don't forget to DYOR before making decisions!