Recent research shows that decentralized exchanges that distribute tokens via airdrops see a big boost in user numbers and transactions. But, is building communities this way just cryptos version of printing money?
Airdrops the disbursal of free tokens to early users as a way of rewarding and building momentum have been around for years but came to prominence thanks to Uniswaps retroactive largesse in 2020. Nearly anyone whod used the exchange before a certain date was gifted 400 UNI tokens and those who held their tokens saw a substantial increase.
Building a community
Airdrops can be a very successful marketing strategy.
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3lau is music royalty. See what we did there?
Dropping new music
We have the data
Airdrops can be a great way to build communities.
Money printer goes brrr
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Know your product
CryptoPunks V1 were delisted from OpenSea.
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