@moonad

These days, airdrops have degenerated into a "carefully scripted play": VCs set the valuations, project teams write the rules, and market makers get ready to dump. Airdrops have become the “last supper” before the TGE — not a means to kickstart an ecosystem, but a tool to exit liquidity. Airdrops have fallen from being a “trust-based distribution mechanism” to a “capital exit and liquidation tool.” Many people place the blame on airdrop hunters, bot users, and farming studios. But this is mistaking the consequence for the cause. The rise of these behaviors isn’t the reason the mechanism was abused — it’s because the premise of trust was lost that people began to vote with their feet and exploit with their hands.

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