It has been 4 years since Uniswap's airdrop marked a pivotal moment in the market, to date, this UNI distribution remains the most valuable airdrop in history. If we calculate the price of UNI at the time of ATH, the value of Uniswap's airdrop reaches 6.4 billion USD.

Uniswap's airdrop not only brings economic benefits to users, but also helps the project become more widely known. Now, the Uniswap airdrop is always remembered by all "farmers" as a symbol they always desire.

The biggest contribution in the airdrop is definitely SushiSwap. Thanks to this project's "Vampire Attack", Uniswap had to reluctantly launch the UNI airdrop.

⚔️AIRDROP: PVP BATTLE BETWEEN USERS AND PROJECTS

In the current times, from "free money" that few people care about, now everyone is rushing to do airdrops.

Uniswap's airdrop became the standard for token issuance to the market (TGE) of many future projects. By default, every TGE will have an airdrop. What they need to do is to farm strongly, from there, the term farmer = "farmer" or "airdrop plow" was born. As a result, many chains of virtual accounts led by one person (sybil) caused many projects to collapse.

Because most sybils will withdraw from the ecosystem after receiving the airdrop, greatly affecting the quality and index of the project. For example, LayerZero, the transaction volume on Stargate bridge decreased by 75% after many times the project hinted about the airdrop.

Thereby, requiring the project to have a suitable mechanism to airdrop to their real users.

📌The mechanism has been gradually changed as follows:

• 🔷 Initially, most airdrop systems were distributed in a straight line from project to user (Uniswap, ENS);

• 🔷 After that, we have multi-level airdrops appearing (Jito, Celestia);

• 🔷 Then there are airdrop projects according to each criteria they set (Optimism, Arbitrum);

• 🔷 Finally, we have the current reward mechanism.

Projects are forced to change to adapt and do justice to the media messages they send, such as airdrops to real users who support the project.

As a necessary consequence, most projects today rely heavily on reward point systems or airdrop criteria to allocate to users. In addition, some projects such as Arbitrum, Layer Zero... also coordinate with many other data providers to thoroughly filter against sybils.

That is the advantage of changing the mechanism and thoroughly fighting sybils. If good, the airdrop is a bridge connecting real users and the project, thereby strengthening the community supporting the project very strongly. On the contrary, airdrops can become a reason for users to turn away and stay away from the project. The most typical examples include StarkNet or zkSync recently.

Even non-airdrop projects like Sui were heavily criticized for a time, although this has decreased a lot after SUI increased its price.

I know that airdrops are now the culture of the crypto community, but sometimes I wonder how long this will still be possible. Every time a token is about to be airdropped, I feel like X becomes a PvP battlefield between users and projects.

💸FROM “FREE MONEY” TO “PAY MONEY”

Well, that's right, when the initial airdrop was as simple as a tribute to real users. Now, according to my observations, most users think that the project must be RESPONSIBLE to airdrop for them.

Emphasize the word responsibility above, because the current point mechanism and communication method of some projects that have not issued tokens are very good at "baiting" users to farm on their ecosystem. Most people often experience project files such as Layer 2, DEX, Lending, Game... that require quite a lot of costs from gas to OAT, NFT... if you want to receive many airdrops.

After the airdrop, the NFT value of the project will decrease sharply, typically Moca or zkSync's lantern. Requires users to weigh and measure before spending money to "invest" in these airdrops.

If you have more "big hands", you can try the thrill of adding YT to Pendle. If the project airdrops as many points as the number of points received from leverage, then it's okay. On the contrary, users will have to taste the bitter fruit for what they spend.

Of course, everything comes from both sides, but I understand why many users have strong reactions to many such airdrops.

I have experienced the feeling of having high expectations for an airdrop, hoping to win big, but the results were mixed. My mood dropped for half a day that day 😂 So sometimes, airdrops are painful.

@TinTucBitcoin #tintucbitcoin #Write2Win #BinanceTurns7 #BinanceTournament