Alright, I put together a list of all the Farcaster-backed airdrops I could find so that we could objectively evaluate them to see how promotional drops from Farcaster helped a project's performance - in other word's whether the money spent on this type of marketing helped a project or not
Since we are lucky enough to operate in the free market, we simply judge a project's performance by the price growth of their token in these cases because at the end of the day that's all the vast, vast majority of people care about
If you have any issues with my workflow, what I disqualified, or how I looked at these things, feel free to simply re-run all these things with your own workflow, but no crying in the casino please (my replies) because I'm the one spending my time doing this lmao
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Here was my workflow:
-> Only tokens considered since the big public push on Farcaster "airdrops" - so around March of this year; this disqualifies $higher since it was such a long time ago (degen days) and was a very different situation well before recent marketing efforts. Higher performed very well since it was airdropped (although down 96% since all time highs) so just keep that in mind.
-> Did not consider Monad Testnet coin or $sol because those are also unique things; one is a testnet coin, and the drop obviously has no impact on Sol price
-> I basically took the top of the candle from the DAY BEFORE an airdrop, and measured % drop or growth to the bottom of the candle today. I just needed something consistent and defendable and that's what we went with.
-> I included a screenshot so you can see when it dropped, and a graph with the growth measured
Finally, I hit the thread post count so I will include the final 3 as a reply to the last post in this thread
I think that about covers it, here we go
Lastly, we had Shl0ms drop
I feel like that was a bit more unique in itself as well but we include it for fairness - 0% really between drop day a few days ago and today (feel free to go measure yourself)
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