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There were numerous complaints about the GAIB airdrop, and we analyzed both on-chain and off-chain data to determine what was wrong. By examining the airdrop claim page in browser developer tools (via network request logs), we were able to see the entire raw dataset used to calculate token distribution for each wallet. The API response included all the underlying parameters: total_airdrop cliff_airdrop s1_pts migration_bonus nft_holder discord_role_holder galxe_starboard_rank despread_winner community The total airdrop amount (total_airdrop) was 46,193,090. Given this size, the airdrop was not structurally flawed. Allocating 4.6% to Season 1 was not a crime. However, the token allocation was abnormal. Wallets with an S1 deposit point of '0' and holding only one NFT were found to receive an average of 50,000 to 100,000 tokens. All of these wallets appeared to have been created by Gate.io, and as they were completely new, their owners were unknown. The root wallets of these clusters are listed below: 0xDDe4b94cD5Da85642b1c8Aa16849E11fdcC0AF13 0x2dF84F5B26611bA6c3fE8E2c43662b2497828144 0x01a5B5F3A26A85A3099784925042710f73b3B45C 0xeEF17D04a7e221a6599c506b6EbD0F8A6BFECCb3 0x 895e6A93ce80b06fEf57Cf6E94b2EC5386B43026 0x056C9Ae0068C8A650d18F7B52d896e9eFcEa2bE2 0x285F8091443Fca78A5Bdf1666688248a4dfA3d92 0x539BdFE0904F54330DB484F59d93363064893421 The total airdrop distributed to these cluster wallets was 35,726,565. The GAIB team has admitted to an error in the distribution, and I'd like to believe their statement is true. If there was an error, they can simply re-distribute. And importantly, these wallets haven't claimed any tokens yet. If redistribution occurs, regular users could potentially receive nearly three times the amount of tokens currently being distributed.

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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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