Are all the studios going to close down? Airdrops are no longer lucrative

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Recently, all the studios that have received airdrops have been complaining and want to protect their rights!

The scale of this wave of projects seems to be getting smaller and smaller as if it was planned. Recently, zkSync is so lazy that it is too lazy to even fake it!

Avail cheating on my aunt

On April 19 this year, Avail announced the airdrop rules, which marked the beginning of the first wave of scams by the project.

Avail is actually a very popular project. As an important part of the modular blockchain trend, it is a leading project at the DA layer.

It doesn’t matter if you don’t understand, just look at their financing records: Dragonfly led both the seed round and the A round, raising a total of US$70 million in two rounds!

We have just raised so much money, so of course everyone is full of expectations!

However, the subsequent airdrop claiming website disappointed many people. Many testnet participants and L2 heavy active users who were sure they would gain something received the result of "Not Eligible" in the qualification query. For a time, there was constant criticism online, complaining about the rules and standards, and even questioning the fairness. Many users even called the project party "rat trading".

As a modular settlement layer, Dymension is objectively a client of Avail DA. These connections have caused many users to buy DYM and pledge it in anticipation of Avail's airdrop.

But in the end, the airdrop was not given to DYM stakers.

Users who participated in the node operation were also fooled. It was claimed that 5% of the nodes would be randomly selected to receive airdrops. But in fact, when I asked the big users around me who had built thousands of nodes, they did not receive any airdrops either.

If it is really a random draw, only 50 out of 1,000 nodes should be selected. If there is none, it basically proves that there is insider trading.

Community users all sought redress, and under pressure, Avail still launched a second phase of airdrops, which appeased some community users.

Taiko refuses to respond to airdrop rules

Another star project, Taiko, simply does not announce the airdrop rules. If there is, there is; if there is not, there is not.

This fraud was done with a clear conscience.

Wang Dong, co-founder of the project, first posted on X that "In order to avoid unnecessary debate, we will not disclose the detailed TKO Genesis airdrop rules. Our goal is fairness, but we cannot satisfy everyone. Congratulations to those who received TKO, and apologies to those who did not."

Soon after, as more and more voices of doubt and even insults appeared on the X platform, Wang Dong also seemed to be angered and spoke again on Discord:

IO is a PUA master

Since HackVC invested 30 million US dollars in io.net in March this year, its private equity valuation has reached 1 billion US dollars.

As an AI computing power platform, it is stated that 32 million tokens will be airdropped to computing power miners.

From March to May, a large number of users flocked to IO computing power mining to get airdrops, which once pushed up the price of Macs. How popular was it:

However, IO does not display points, which makes all miners panic, so they have to stay put. After all, whether renting computing power or buying equipment for mining, there are costs.

Some miners said, "It is a PUA that requires you to stay online for a long time, and it does not tell you the actual points, so everyone has to put in a lot of effort, and the rebound will be so big afterwards."

IO only allocated 32 million tokens to miners, but the computing power of each miner's machine is unlimited, and the maintenance is very complicated. It also requires real money investment, which resulted in many studio teams in this project being defeated in the end. Based on the current currency price, they have not even recovered half of the cost of the machine.

zkSync is no longer needed

If the previous projects were still somewhat respectable, at most they were stingy and small in scale.

The zkSync project is an obvious insider trading and is a scam.

zkSync raised funds in the last round of the bull market, with a staggering amount of $258 million! No project with a larger financing scale than this has appeared in this round.

The lead investors are also well-known names such as Dragonfly and a16z.

I didn't expect that such a guy with thick eyebrows and big eyes would betray the revolution.

For example, the NFT market Element tweeted that as the largest NFT market on ZKsync, they did not receive any airdrops and questioned whether this was a joke.

The addresses that received the airdrops were all strange. There were 12,000 addresses that had no interaction records. Those who received relatively large ecological airdrops were all their own connections.

Airdrops are essentially marketing expenses

As early as ten years ago, the scenes of Internet companies handing out red envelopes to attract new customers are still vivid in our minds. At that time, many studios relied on taking advantage of the situation to make a living.

Pinduoduo, which got its start by giving out red envelopes, has become so stingy that it is unwilling to give even a penny.

This is actually a normal process of project development. The project party always compares the budget and knows where to spend the money.

The interaction threshold for early crypto projects was high, and it was better to give money directly to users than to advertisers.

But after the studio creates a large number of fake users, you still expect the project party to be stupid enough to settle the bill with you?

Now due to the development of technology, the interaction threshold of many projects has been lowered a lot. In the end, the airdrops of crypto projects will be the same as the red envelopes of today's Internet products. Only a small number of users will get such a pitiful little bit. The days of making a living by making a living are gone forever.

Those of you who run studios should change your career as soon as possible. I also advise those who are in the market to get free items as much as possible if they really need to.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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