Airdrops are a great marketing tool, but they can have downsides for crypto projects and investors alike. Is there a way around this?
Airdrop News
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“Why should Optimism Collective continue rewarding these kinds of mercenary actors who will dump their tokens on first sight? Why should any future airdrops reward these addresses?” an OP governance member argued.
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“Wow, what a day. OP Drop #1 had a turbulent launch which we finally stabilized after more than five hours of non-stop work,” Optimism stated.
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About 70% of tokens are held in escrow and will be vested starting later this year.
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Overall, however, the price has tanked 56% since launching on the weekend at an opening price of $18.87.
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“Zero plans to buy luna 2.0, but I will dump any airdrop if I get something on Binance,” said Lark Davis.
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Cross-chain bridging protocol Hop has launched Hop DAO, its community-owned governance structure that will see early users airdropped 8% of all HOP tokens.
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As the crypto community notices and calls out such scams, the fraudsters tend to turn off replies to their tweets to prevent being exposed as scammers.
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China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security.
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Optimism Foundation will launch a governance token called OP to govern protocol and network parameters, and incentivize adoption.
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Owners of the popular Bored Ape and Mutant APE nonfungible tokens (NFTs) could receive virtual lands on the Yuga Labs' upcoming "Otherside" metaverse.
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“We’re nearing the end of a chapter and the beginning of the next — one driven by community ownership and governance,” noted Optimism.
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The company said that royalties from secondary sales are set to go to the LeBron James Family Foundation.
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Ukraine has received nearly $40 million in crypto donations, out of which almost $7 million came after the announcement of the now-canceled airdrop.
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