Greeting, All you guys
Welcome to my first article on Mirror! This is my first time on this exciting platform, and I'm kicking things off with a topic that's been grabbing everyone's attention in the Web3 world: Airdrops!
Airdrops are more than just a marketing gimmick – they're a game-changer. They have the power to attract new users, like a magnet, and transform them into active participants within a product's ecosystem. By strategically distributing tokens, airdrops can breathe life into a project, boosting its user base, internal liquidity, and overall brand recognition. It's a win-win for everyone involved – users get a taste of the project's potential, and the project gains valuable traction.
The potential rewards of airdrops can be incredible, ranging from a few bucks to a whopping six figures! But this windfall depends on several key factors.
Funding a project raises
Airdrop distribution ratio in tokenomic
How many people are eligible
How the tokens are distributed ( Linea or Tier)
Learning is the key!
Past experiences provide valuable insights that can be applied to mastering airdrops in today's projects.
___________________________________________________________________________________________
Hop Protocol bridges the gap between rollups and sidechains. It facilitates near-instantaneous token transfers without needing to wait for individual network validation periods.
Hop Protocol airdropped a total of 54.8 million tokens, representing 8% of their supply, to 145,329 eligible users
To ensure a fair airdrop, Hop Protocol ran a two-week program where users could report suspicious accounts. These "Sybil addresses" are essentially fake accounts created by one person to interact more with the protocol and potentially gain an unfair advantage in the airdrop.
___________________________________________________________________________________________
Optimism acts like a fast lane for Ethereum transactions. It handles most of the heavy lifting off-chain, but keeps everything secure by referencing the main Ethereum network. This allows Optimism to process transactions much faster and cheaper than Ethereum itself.
Optimism chain airdropped, representing 8% of their supply, to 248,699 eligible users
Active Ethereum Users: To qualify, users had to actively use Ethereum for at least a day (24 hours between transactions). This didn't apply to multi-sig signers as their addresses might only be for signing.
Sybil Filter: Optimism identified and filtered out users suspected of creating fake accounts ("Sybil addresses") to claim more airdrops.
Snapshot & Exchange Filtering: They removed spam votes on Snapshot (a governance platform) and excluded known exchange and on-ramp addresses.
Exploit Prevention: Addresses associated with known exploits were also filtered out.
Recency Check: All eligible addresses (except multi-sig signers) needed to have had a transaction after January 1st, 2019. This ensured active users and avoided rewarding those priced out by rising gas fees.
___________________________________________________________________________________________
Arbitrum is an Ethereum Layer 2 blockchain solution leveraging optimistic rollup technology. Its primary objective is to facilitate the scalability of the Ethereum network, thereby enabling users to circumvent the high transaction fees
Arbitrum chain airdropped a total of 1.162 Billion tokens, representing 11.62% of their supply, to 625,000 eligible users
**“**Arbitrum distributed its airdrop tokens through a points system that prioritized early adopters on Arbitrum One. Users earned points for interacting with the network, with those who participated before the launch of Arbitrum Nitro on the mainnet receiving double the points compared to those who participated afterwards.”
Converting Points to tokens
The earlier you participated in Arbitrum One before a big update called Nitro, the more points you earned for the airdrop. Basically, points before Nitro were worth double! This means any points you earned after Nitro resulted in getting fewer tokens (half as much). If you started using Arbitrum One after Nitro launched, all your points counted as the lower value. Because of this, the lowest amount of tokens you could get from the airdrop was 625 (half of the minimum amount in the table), and the most was still 10,250 tokens.
User protections
Let's take a look at some past airdrops with big rewards! While each project has its own unique requirements, there are also some similarities. Many airdrops, like the ones we've seen before, try to prevent abuse by identifying and filtering out fake accounts called "Sybil addresses." This helps ensure that the airdrop rewards go to real users.
Can you guess which project we'll be looking at next? Follow along to find out!
Thank you for your attention of my 1st article : )
Don’t forget to mint this collection! WHY?
You may get good foods with friends, Trust me :’))
Ref.