There is a symbiotic relationship between airdrop farmers and network owners/insiders. The heightened network activity due to airdrop speculation leads to more TVL, more users, more dapps and the ability to raise at higher and higher valuations. Of course, it also leads to more tx revenue, but that's peanuts compared to driving up the private equity and token valuations due to the perception of more adoption. They're not strictly for users, those users are also providing a service of adding increased perception of economic activity and network adoption.
Thanks for the comment! Totally get the perspective although this really comes down to a data problem. If people can't see real data they'd rather choose fake data to justify where to direct their attention. If there's higher quality data then would people really choose to base decisions off fake data?
I think it plays a bit of both, although I don't think doing an airdrop frees you from security laws. The case for decentralisation sucks because they passed the first AIP without the community effectively lol.
My slightly pessimistic perspective:
There is a symbiotic relationship between airdrop farmers and network owners/insiders. The heightened network activity due to airdrop speculation leads to more TVL, more users, more dapps and the ability to raise at higher and higher valuations. Of course, it also leads to more tx revenue, but that's peanuts compared to driving up the private equity and token valuations due to the perception of more adoption. They're not strictly for users, those users are also providing a service of adding increased perception of economic activity and network adoption.
Thanks for the comment! Totally get the perspective although this really comes down to a data problem. If people can't see real data they'd rather choose fake data to justify where to direct their attention. If there's higher quality data then would people really choose to base decisions off fake data?
The business case is legal risk mitigation relating to securities not user acquisition.
I think it plays a bit of both, although I don't think doing an airdrop frees you from security laws. The case for decentralisation sucks because they passed the first AIP without the community effectively lol.