Project teams often reward early testnet users with tokens, NFTs, exclusive access, or community roles. Rewards incentivize testing, feedback, and engagement, varying by project goals and budget.
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High FDV with low float for BLAST token risks: 1) Overvaluation inflating price beyond fundamentals, leading to post-launch crashes (e.g., ICP's $120B FDV drop). 2) Low liquidity causes extreme volatility and price swings. 3) Dumping pressure from unlocks, enriching insiders at retail expense. 4) Attracts speculators, harming long-term stability.
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Airdrop expectations can significantly boost a protocol's TVL as users deposit assets to qualify, chasing potential rewards. However, this can inflate TVL artificially, and withdrawals may follow if rewards disappoint.
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