BYIN’s airdrop campaign, while initially attracting attention, has been regarded as a failure for several reasons. First, the token faced a significant drop in value shortly after being listed on Gate.io, which hurt its appeal and reduced user engagement. Many participants who received tokens during the airdrop were quick to sell them, creating selling pressure that the market couldn’t absorb.

Additionally, the airdrop distribution method lacked incentives for long-term holding or community-building. Without robust mechanisms to keep users invested, the tokens flooded the market, leading to liquidity issues. The project also struggled to maintain momentum post-launch, as its utility and tokenomics did not stand out in an oversaturated market, especially for meme coins.

Overall, the BYIN airdrop failed to generate sustainable interest or deliver long-term value, leading to its underperformance on Gate