Ethereum

Remember when the Bitcoin, Ethereum and Solana teams did their airdrops?

Beautiful. We are on the same page.

The punchline ofc is that the most important projects in crypto never had an airdrop & never will.

Airdrops are a way to buy growth. You can get a bunch of inorganic users to show up & "use" your app by effectively paying them to, creating pretty growth charts, but in most cases there's no way to convert these to actual users. In traditional business this is called... well, let's just say it's frowned upon.

There may be exceptions where you *can* convert to real users, in which case the airdrop is a marketing expense. But these are rare.

Real revenue. LTV > CAC. Real products solving real problems. Real World Ethereum or bust.

Daimo Pay. Build once, distribute everywhere

Our recent airdrops are connected to installing a mini app. So moving toward an actual measurable ROI.

If airdrops were in forms of gratitude to existing users they wouldn’t be a problem, the issue now is that projects think about airdrops before making their product good to attract users.

They did give away tokens for basically free in the beginning though.
You could get bitcoin for solving captchas in the past