Some say that airdrops in this industry will never die

And others say that as long as project teams issue tokens,
Airdrops will always exist
Actually, neither is wrong
It's just a matter of changing the approach

Enjoy the final dividend period well
Perhaps this door will close very soon
Currently, TGE through tokens
Getting real seed users'
Opportunities are becoming fewer and fewer
Early users are mostly speculators
Not loyal product enthusiasts
Exchange incentives are inconsistent with long-term project goals
The former pursues transaction fees
The latter needs sustainable development
Nowadays, users are increasingly just taking airdrops and leaving
I remember before ARB, most people wouldn't sell
They believed in the project team’s ability to keep empowering
TGE is essentially marketing but costly
And the returns have significantly shrunk in the current cycle
In the past, high-distribution seed user acquisition through airdrops
Now, collective failure
Users are more rational
Liquidity shortages lead to structural reversals

Currently, except for PERPDex, which has real revenue inflows,
All other projects lack strong revenue-generating capabilities
I think TGE is more of a liability than an asset
Without products that attract real users,
It's definitely insufficient for future survival
So, as project teams gradually return to rationality in the future,
A wave of projects will become fewer and fewer
More projects will focus on empowering token value
There may even be many projects that do not issue tokens
For example, will they share dividends in USDC for holding tokens?
Will holding tokens allow genuine participation in governance?

And we, the airdrop hunters on the chain,
Hope to find new value in the next narrative
For example, co-promoting with projects,
Supporting projects in early stages,
Identifying project vulnerabilities,
Helping projects complete early development,
Investing in the first round of funding, providing liquidity,
Truly standing with the project team,
Allowing early costs to be directly passed to customers,
Helping projects grow genuinely,
Creating a win-win closed loop,
And maximizing cost savings

Retail participants in airdrop projects
Will gradually phase out within two years
What replaces them should be capital monopolies again
When the market returns to rationality,
The door for retail entrepreneurs will also close
So, the most important thing this year is to focus on oneself,
Shift from private domain to public, conduct project due diligence,
Build a truly strong IP,
Only then can we face future changes without fear