Berachain Co-founder: ICOs and Public Offerings Will Return, Large-Scale Airdrops Are More Harmful Than Beneficial for Projects
According to ChainCatcher, Berachain co-founder Smokey stated on social media that larger-scale airdrops mean there will be more potential sellers with no cost basis, and many major trading teams in the Asia-Pacific region often specifically short tokens that have received airdrops.
In addition, airdropped tokens are easily subject to market manipulation, with most of them ending up in the hands of insiders. ICOs and public offerings are expected to make a large-scale comeback. For most teams in the future, the wisest approach is to conduct a very small airdrop (1-2%) while also holding a public sale (perhaps accounting for 5-10%).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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