In many jurisdictions, airdrops are treated as taxable income at fair market value upon receipt. Subsequent sales may incur capital gains taxes. Tax obligations vary by country, so consult a tax professional for specific advice.
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Yes, this is a major red flag for unreliability. Obfuscating with unexplained technical terms is a tactic to appear legitimate while hiding the lack of substance. Transparent projects explain concepts clearly to educate their community.
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A flat/normal basis implies balanced leverage: neither euphoric contango nor panic backwardation. It suggests spot-led moves (ETFs/long-term buyers) rather than over-levered perps driving price. For basis traders, carry is modest; for direction, it points to healthier structure, with fewer forced unwind risks—until a catalyst skews demand for leverage.
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