Airdrop can be said to be one of the most effective marketing methods for projects in the Crypto market, but the problem that is quite worrying at the present time is that users focus on taking advantage of this as a form of profiteering. The temporary solution for projects is to switch to a point accumulation mechanism, so will this be a general airdrop trend in the future?
Some future airdropped projects that people may be interested in:
- Retroactive DeBank Hunting Guide
- Retroactive Hunting Guide Project zkSync Era
- Retroactive Linea Network Mainnet Hunting Guide
- Retroactive LayerZero Hunting Guide
What is the Airdrop Point Accumulation Trend?
Airdrop or retroactive is often a form for projects to allocate tokens to the community at the time of TGE, most of those who received the allocation contributed to the project’s activities at the beginning by using the product. or participate in campaigns.
However, a large part of the community often takes advantage of the simple criteria set by the project such as trading a certain volume or reaching a certain number of tnx to spam many different accounts. Wallets that perform this action are often called sybils that do not generate any benefits after receiving tokens from the project but focus on selling tokens.
To somewhat limit sybil components, projects in the market have begun to convert their airdrop form to a point accumulation mechanism. To get points, users must participate in many different activities such as providing liquidity or depositing staking assets. The larger the amount deposited, the more points they will accumulate, so using multiple wallets and accounts is a must. of sybil will become ineffective.
In addition, the point accumulation mechanism offered by projects will more accurately evaluate the level of user interaction with the protocol through the scores received. Therefore, the airdrop distribution will be much more fair when divided according to the number of points for each individual.
The Advantages and Disadvantages of the Airdrop Point Accumulation Trend
The benefits of using the point accumulation airdrop mechanism that we can summarize from above are as follows:
- Limit the situation of sybil attacks targeting the project’s airdrop.
- Achieve a much higher level of user engagement.
- Distribute airdrops to users more accurately.
- Participating in experiencing projects using this mechanism will almost certainly receive an airdrop.
In addition to the benefits, using the points accumulation mechanism also has a few factors as follows:
- It is difficult to reach small users if the point accumulation mechanism focuses on large deposit or transaction volumes.
- The buzz after the project’s airdrop will hardly be great when the community is almost certain about this.
One And The Name Uses Airdrop Mechanism To Accumulate Highlights
Swell Network
Swell Network is a project about Liquid Staking Derivatives built on the Ethereum ecosystem to solve the problems of this network such as needing a minimum of 32 ETH to participate or very long withdrawal times.
After staking ETH into Swell Network, everyone will receive back a Liquid Staking Token, swETH, and use this token to participate in other activities in DeFi such as providing liquidity or even collateral to borrow stablecoins. .
Holding or participating in DeFi activities with swETH tokens will help people earn pearls points at the Swell Voyage program. Accumulating more Pearls will help people receive more airdrop tokens from the project in the future.
To participate in Swell Network’s airdrop campaign, everyone can refer to the article Swell Network Airdrop Hunting Guide (100% Airdrop).
Shell Protocol
Shell Protocol is an all in one DEX platform that allows users to trade many different types of assets including tokens, NFTs or LP tokens. To do this, Shell Protocol has developed a very unique AMM mechanism that allows users to provide liquidity in both tokens and NFTs.
Shell Protocol has launched a detailed tokenomics for its allocations, a portion of tokens will be reserved for airdrops. To receive the airdrop, users must provide liquidity on the platform and then accumulate Shell Points. The more points they hold, the more airdrop tokens people will receive.
Vertex Protocol
Vertex Protocol has a development orientation to become a DeFi Hub on the Arbitrum ecosystem with the goal of providing users with many different services such as spot transactions and transactions generated right on its own platform.
Currently, Vertex Protocol is implementing a campaign called Vertex Altitude, everyone who trades during the event will receive a cumulative amount of points. Users will be able to convert accumulated points into VRTX tokens after the project conducts TGE.
Summary
Above are detailed information about whether the point accumulation mechanism will become an airdrop trend chosen by projects in the future. Weakhand hopes that everyone will find useful information for their airdrop process.
