Dear residents of Binance Square,
Imagine standing in Binance Square, when suddenly it starts raining candy - oh no, it's an airdrop hurricane! Every blockchain protocol seems to be throwing a grand party, and airdrops are the candy they shower on the crowd. But wait, do these candies really taste sweet? Let's explore this sweet adventure together.
1. Airdrops: The Sweet Temptation
Airdrops, which sound like gifts falling from the sky, are actually a large social experiment in the blockchain world. Protocols throw out tokens, hoping we 'party animals' will become their loyal fans. But the problem is, these candies are often quickly harvested by a group called 'airdrop farmers', who are not there to join the party; they are there to collect the candy.
2. The Design Space of Airdrops: Secrets of the Candy Machine
The design space of airdrops is like a giant candy machine, with each protocol trying to create the most appealing candy. But the problem is, these candy machines often require a lot of maintenance and adjustments to ensure they don't turn into money-eating monsters.
3. The Challenges of Airdrops: Worms in the Candy
The challenges faced by airdrops are like worms in candy, quietly eroding the sweetness of the treats. From airdrop farmers to the distribution of governance tokens, and insider trading, these issues remind us that free candy may not always be so sweet.
4. Improve the Airdrop Mechanism: Make Better Candy
To create better candies, we need to redesign the candy machine. This means finding new ways to incentivize users, ensuring that candies are not sold off shortly after distribution, and making the distribution of candies fairer.
5. The Goals of Airdrops: More Than Just Candy
The goal of airdrops is not just to distribute candy; it also aims to promote the protocol, acquire users, attract newcomers, and encourage existing users to participate in these protocols and their applications. To achieve this, we need to ensure that the candies are not just a one-time sweetness, but can bring long-term value.
6. Empirical Research on Airdrops: The Effect of Candy Rain
Through empirical research, we found that the candy rain from airdrops did not yield the expected results. Many candies were sold off shortly after distribution, indicating that airdrops did not maintain long-term user engagement, or that there were a significant number of Sybil accounts among the recipients.
Conclusion:
In this airdrop game, we need more than just candy; we need candies that can bring long-term value. Let's look forward to blockchain protocols creating fairer and more attractive airdrop mechanisms, so everyone can enjoy true sweetness.
Disclaimer: Investment carries risks, and one should proceed with caution. This information is not intended as investment advice; we are merely sharing some interesting market observations and humorous perspectives.
