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The Ethereum co-founder reiterated that airdrops are designed to incentivize community members, not crypto farmers. They are a means of rewarding community members’ contributions to the project and also serve as a strategy to be reasonably egalitarian.
Owing to the recent controversy surrounding airdrops, Ethereum (ETH) co-founder Vitalik Buterin has suggested using crypto identity solutions to boost privacy. Crypto airdrops are generally known to put billions of dollars of value in the hands of active users in an ecosystem. However, these airdrops come with some setbacks.
Farmers Cheat Real Users of Project Airdrops
As a means of overriding the system, several participants of airdrop distribution usually engage multiple accounts to “farm” the tokens ahead of their official launch. This typically pushes many projects to become more strict with their token distribution, with some leveraging on-chain analytics to flush out such airdrop farmers.
This solution came with some drawbacks. Real users became affected by the flushing-out process, which brought more controversy to airdrop distributions. Unfortunately, such a bad airdrop outlook could dent the reputation of any project. Little wonder the Telegram-based game Hamster Kombat integrated keys to its upcoming airdrop.
The Ethereum co-founder thinks his suggestion is a
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