#代币空投 Seeing the launch of Huma's Season 2 Part 2 airdrop, my mind can't help but flash back to the various stages of token airdrops I've seen over the years.

Remember the ICO craze of 2017? Back then, projects would casually distribute airdrops, and the community could drive the price sky-high. By the summer of 2021, during the DeFi boom, airdrops became a real incentive tool—projects like Uniswap and Aave used airdrops to lock in user bases and build ecosystem moats. Looking back now, it wasn't just marketing; it was a successful cold start model.

Huma's design logic this time is worth pondering. Two rounds of airdrops, setting claim deadlines, reducing allocations for LPs who have already withdrawn or transferred locked tokens—these details are not random. The team is clearly managing risk while also filtering for "true believers." Compared to projects that just airdrop once and call it a day, this phased, conditional approach shows the project's long-term operational thinking.

But there's also an old issue that surfaces: the essence of airdrops is still an incentive mechanism. If it's only for boosting activity and wallet count, it will eventually hit a ceiling. Projects that survive often see airdrops as just a stepping stone; what truly matters are the subsequent product strength and ecosystem stickiness.

The deadline on January 26th is actually the last chance for those who haven't acted yet. But my advice is, before participating, ask yourself one question: Are you engaging in an airdrop event, or are you positioning for a long-term ecosystem? These two mindsets will lead to very different outcomes.