Airdrops are a great way to attract people into newly-fond crypto projects. They're basically "free money" for not doing anything in return. Some projects have been widely successful after an airdrop, while others have gone all the way down the drain. There's been a upsurge of airdrop hunters looking to "milk rewards" from the system, effectively dumping all of their coins/tokens on the market for profit. While most projects have been quite flexible in the eligibility for an airdrop, one project decided to take the stand by adopting measures to prevent abuse. Parachain Swap's airdrop has been quite controversial as it only rewarded a small portion of its users. The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.
Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
For me, it depends, If after the announcement or made known to the public that there might be some form of airdrop within a certain crypto project and you see a surge into the space then those types of hunters are most likely to dump almost Immediately after they receive it and I too was amongst those people when it comes to Paraswap and never got any airdrop but I understand. Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
On the other hand, if they really wanted to reward their loyal users that have been using their application for a long time even without expecting any form of reward, then I think those should be at the top of the list and people should understand this except the project just wants to attract a new audience with this airdrops then I believe some have done it that way then it will be for all.