Davide
@0xdavide
🪂Lately the bad airdrop releases depend mainly on Binance which is also monopolizing DeFi therefore the airdrop sector. 90% of the bad releases are obviously with points (which as said hundreds of times are not airdrops but a yield farming with unknown APR) but the few % given to the DeFi community depend on the huge donations that the protocols are forced to make to Binance...in exchange for the listing. These huge % of tokens end up to the BNB holders (Binance Hodler Airdrop). Obviously it is a difficult problem to solve because if the protocol does not provide tokens to Binance it is not listed. Not being listed means a lower market cap therefore a lower price. This could be a problem for DeFi protocols because the TVL on the protocols and chains (therefore swap fee) is brought by the users in DeFi, not by the Binance users.
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Davide
@0xdavide
Bad releases also decree the death of the chain or the protocol, it is enough to see the TVL of Scroll (or the "non-useful" that the chain generates) or Corn. It is true that compared to a few years ago, today there are many sybils with thousands of addresses and hunters that create inorganic traffic just to receive airdrops, however a protocol earns from: 1) Swap Fee (AMM). 2) Gas Fee (transactions). 3) Liquidity (TVL), for example LP / Loans / Borrow. The contribution offered by users who use centralized exchanges such as Binance is zero so the % of tokens dedicated to them should be minimal (the listing on Binance is important for the price, as mentioned. Even if long term it turns out to be a boomerang, since all the altcoins listed there make -90% after 6-7 months). Even if a bit centralized, Hyperliquid has managed to go against this mafia, avoiding giving tokens to exchanges.
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