I do not believe lockups, vesting etc. would change airdrop PA

It’s just dancing around the real question and the only thing that matters, which is, are you issuing an asset that people desire to hold?

financial value and cultural value are bonded

i think

it can be a cultural practice to hold X token

holding a token could also enable access to a culture of practice or a cultural practice

people can then also speculate on other people wanting to engage the practice of holding in the future (feels more like bitcoin)

or speculate on people wanting the token so they can partake in a cultural practice/culture of practice in the future (feels more like ETH)

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I’m not totally sure, to be honest

but in general, I think if a culture values something, that means there’s some consensus/demand