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Bitfloorsghost
@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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nuconomy.⌐◨-◨
@nuconomy.eth
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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Bitfloorsghost
@bitfloorsghost.eth
yes definitely possibly that teams feel it is worth it even if it results in a loss of market cap so could be where team sees it as a win, users feel it's a loss
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