Degen

seems like a very successful TGE so far for a new solana launchpad

boop.fun

probably will be some runners coming out of here today for those that care

lesson here for builders: 

if there's free money involved, it doesn't matter if it's a KOL/trader with millions (who BOOP's airdrop was for) or an airdrop farmer from SE Asia

people will find every possible way to game your incentive system without returning value to your product

building @revealcam @alfaca @offmarket @perl | alum South Park Commons | previously cofounder SBLY.com, eng at Stripe | peter-kim.com

Does this mean incentive programs should be scrapped out entirely?

I think a valid model is don't announce the airdrop and just take users by surprise. Once the farming process is announced, you attract opportunists.

Art lover, crypto enthusiast and gamer. Learning never ends.

Yes but at least 1 in every 20 speculators gets converted to a long term user.

I think the only problem with a surprise airdrop is that it doesn't really achieve the purpose of attracting engaged users, just speculators