Bitfloorsghost on Farcaster

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https://warpcast.com/~/channel/replyguys

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Bitfloorsghost pfp

@bitfloorsghost.eth

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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Bitfloorsghost pfp

@bitfloorsghost.eth

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

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🌈 YON pfp

interesting data, always thought it's not worth trying to buy users with airdrops.

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nuconomy.⌐◨-◨ pfp

nuconomy.⌐◨-◨

Would be interesting to see whether holder count (above dust threshold) increased, and whether app engagement went up or down. Raw token price is influenced by broader market factors, but if even a small % of recipients convert to genuine usage or stacking, LTV of those users might still exceed the acquisition cost.

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Zerakxajika pfp

Thanks for the analysis hope farcaster team will do something about it

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@consciousessay

Damn. You really took your time on this

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sparkz pfp

bfg in his threadoooor arc

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AusaR🎩 pfp

GREAT ANALYSIS! This makes me wonder what the criteria for these airdrops were, as i got the first 2 ones (bracky and higher) but i haven't received any until shloms.

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toni pfp

Thank you for putting in the work to do this ghost!

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madyak pfp

Very noice. I'm pretty bullish on $betr, fun stuff

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WajeKing pfp

Hope for the best this reply these a token owner will see what they did

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chucky.eth pfp

Wow, great analysis mate! Post 10/10. They should pin it in all feeds

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Dee pfp

I love this analysis! Shows that the airdrops didn’t necessarily boost the price but i hope the devs were able to get something from it, like those related to mini apps maybe got a higher number of DAU etc. This is also good for anyone else planning airdrops that if their main purpose is to increase the price it’s probably not the best marketing tactic

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danxv ⌐◨-◨ pfp

danxv ⌐◨-◨

So a 80:20 situation on the success or failure in percentage of teams using airdrops to onboard new users

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Josephine Oriaku®

@josephineoriaku

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D-wayñe 🎩💜 pfp

D-wayñe 🎩💜

Who let him cook 😭😭

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BrixBountyFarm 🎩 pfp

BrixBountyFarm 🎩

Love this level of analysis. Reckon a few folks turned their $Bracky into big gains gambling Also interesting to look as price action for the newer tokens vs wct and celo 2025 $Degen Also personally when a team says their dropping $10K or whatever if the price is instant down than I don’t really think it’s a 10K drop but that’s just me. Big fan of drops that are effectively here’s a token you can use right now to try stuff.

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@thedanieldolan

But i don’t think this drop is only caused by the airdrops to farcaster user yeah. Besides, the amount given to users isn’t that big enough to move the chart that much Imo, i can now see why @linda and the farcaster team want to prioritize people that don’t insta-sell for the next airdrops. gud thread btw We need more content like this!

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Ben Broad | bbroad.eth 🎩 pfp

Ben Broad | bbroad.eth 🎩

nice thread sir!

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