Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Are Airdrops Still the Meta? 🪂 The Aggregated Ep. 120
Recorded: July 11, 2025 Duration: 0:54:31Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the launch of LitVM, a new project leveraging AgLayer technology, alongside strategic partnerships with Stratix and insights into upcoming token launches and fundraising mechanisms. The conversation also delved into the evolving landscape of airdrops, emphasizing the importance of fair distribution and community engagement in driving growth and innovation in the crypto ecosystem.
Full Transcription
Thank you. Thank you. ¶¶ Thank you. . Thank you. . Thank you. Music Hey, Darren, let's kick this off.
Is the music still going?
I love that song, but it's a little soft for getting this Friday kicked off.
Yeah, I was like, okay, it might be a short space today, so we'll get right into it.
And I need to join and just listen to the music for like two minutes.
I do like this song.
Bro, rock.
They're on the man of many talents
uh what's up Aztec yeah it just feels like every morning i'm rolling out of bed and just
jumping into something uh and then that song was just so peaceful and i was like you know what
maybe i don't need to do a show today maybe i can go back to sleep
wait you got a bed for this?
Yeah, bro, this is early.
This is early for me, yeah.
I'm in Puerto Rico now, so three hours difference.
So I don't have to be up at, you know,
seven in the morning getting ready for the show.
Yeah.
Sorry, Astag.
Yeah, plus like... Astag just hosted from bed.
That's where I could hear him setting up sometimes when he has to think.
I had to, we're doing Mario's show after this.
So just so everyone knows, we're doing this show for an hour today.
Usually we go for three hours.
It'll be one hour long.
And then we are going to Mario's show.
So we'd love to invite you all to join us there.
We're going to have three powerhouse teams.
So I'm the co-founder of LitVM now.
So they'll be talking about LitVM.
Also Stratix will be there.
So one-click DeFi strategies and Bitcoin OS.
If you guys don't know them, definitely got to check them out.
They're pioneers on the Bitcoin ZK side of things. strategies and bitcoin os if you guys don't know them definitely got to check them out they're
pioneers in the on the bitcoin zk side of things so uh but yeah let's jump in to today's show and
i guess it's good to point out we could go into it a little later but yeah litvm is using ag layer
i think it's going to be one of the most successful Aglayer chains.
It's ZK rollups to Litecoin, but plugged into Aglayer for all the EVM stuff.
So pretty cool.
Did you say you guys are only going to be here for an hour before you go to Mario's space?
Yeah.
Yes, sir.
Nice.
On that last topic, though, and on this topic, does that mean we get a litvm
airdrop for poll stickers?
well we're not supposed to talk about
we weren't supposed to say yes
do I get more?
I mean we'll
announce maybe later
that was pretty clear
a bunch of
polygons do I get an emoji multiplier? Maybe later, but yeah. That was pretty clear. It's good that this space is not recorded, right?
Do I get an emoji multiplier?
What'd you say, Alex?
I said it's good that this space is not recorded, right?
It's always recorded.
It's good that we don't have 160 people listening.
Oops.
Okay, so anyways, let's get to it, guys.
We only have one hour today.
So let's do ultra-quick introductions.
Here, I'll start.
I'm Rock.
Hello.
Okay, next.
Richard, go ahead.
Oh, okay.
Go ahead, Aztec.
No, no, no.
Let's do Richard.
Okay, yeah, I'm Richard, and I just came here for the chips and salsa, so...
Dude, you gotta do a better...
Okay, I'm gonna say, Richard, you gotta do a little bit better.
Do you want me to say, like, I want avocado with you with the chips and salsa,
or do you want me to, like, describe the kind of salsa that I want?
He just came here for the chips and ceviche, man.
That ceviche you made the other day.
Oh, my Lord.
It was fire. It was amazing.
It was a tropical ceviche.
It was amazing.
Fresh caught fish out of Mexico.
We're going to call you Chef.
All right.
Chef.
Chef in the house.
All right.
Two Cent Timmy.
What's up, brother?
GMGM.
Happy Friday.
I am Two Cent Timmy.
I am on the marketing team at Polygon and I love getting free
Stimmy so this will be a fun space yeah definitely uh Guth what's up bro please introduce yourself
uh 20 seconds hey guys uh co-founder over at Polygon Dads. I'm just here for the alpha and I've got it, so I can probably leave now.
No, no, you got to stay a little bit longer.
Much love, man.
Let's go to Hummingbird.
Welcome back, bro.
Hey, yeah, GM.
Happy markets.
And we help projects do airdrops for people,
so this is going to be fun.
There we go. My phone lagged there for a second brother but definitely so you're gonna
you're gonna be a go-to you have some alpha i can tell
good times man uh let's see crypto doctor let us know 20 seconds oh well good evening from here it's evening right here right now
i'm just here for the alpha too and i'll stick around to the end
sounds good so we're all going be listening to Hummingbird today
because I think he has the alpha.
I know Toussaint Timmy has an alpha too.
Alex, please let us know what's going on.
I'm Alex.
I'm a marketing manager at Lingle Coins.
Airdrop is part of our business model.
And maybe we'll list some of us as well well i don't know uh but definitely love to
turn the conversation nice so we got we got some answers here um all right let's go ahead and pass
it on i i hey brother i hope i don't pronounce your name wrong uh radvis uh radvidilce.y
hey hey buddy yeah you can call me ravi that that should be okay um hi everyone jm this is ravi
i'm director of growth at privado previously polygon id and what i'm looking after is the
identity for ai agents and at the same time, we got a
solution, which is proof of uniqueness, where we are helping multiple airdrop projects to ensure
that their treasury tokens are not allocated to bots, spam accounts, but they should be better
they should be better utilized with the airdrop process and have a better return on investment
utilized with the airdrop process and have a better return on investment.
beautiful beautiful that sounds like some great tech and robbie um yeah we love bravado so
great to have you here i think i introduced everyone so today is uh did i get everyone
so today is uh did i get everyone yes okay so today we're talking about airdrops are they
still the meta that's the title episode 120 uh that's pretty crazy to think we're 120 episodes
deep but anyways this is the 120th episode yeah Yeah. Yeah, it's kind of surreal. I was here before 30.
I was on the 30th episode.
So, one of the long-time listeners.
Say that one more time.
I said I was there, like, on the 30th episode.
I was there.
So, I can consider myself one of the long-time listeners.
Nice.
You're an OG.
We're in year three.
I also put the quick swap on my picture.
Wait, what about quick swap on your picture?
No, I just put it at the banner of my Twitter page as well.
Oh, what?
Let me see.
Let me see.
Very nice.
Much appreciated.
Very cool.
Is that just all the apps that you use a lot? Because I see TikTok on there.
It's like kind of marketing channels, which we do for LingQ.
So I try to mix everything.
Darren likes to have meetings with TikTok as the title.
I can't go on TikTok now without seeing Neil.
Every time I open up TikTok, he's just doing a live stream.
Timmy, does Neil actually
still do any work, or is it just TikTok?
Timmy's saying nothing.
nothing i i was talking on mute that is my bad
I was talking on mute.
That is my bad.
but we know he's always grinding good times uh also russ just joined us welcome to the stage
uh russ from friends awesome hey hey guys hey hey hi please, hey. Flare. Hi, please introduce yourself.
Take 20 seconds.
Sure.
So yeah, I'm basically founder of Liquid Echland
and also Friends Syndicate.
We build non-custodial incentive layer.
Basically allows users get boosted rewards
in query plus DeFi protocols like Ezerfy, Calp, Syrup.
Yeah, and also run private TVL deals.
Yeah, I guess shortly about me.
Beautiful.
Welcome to the show.
And two more guests just joined, so I'll make sure that we get them introduced.
Mila, please take 20 seconds to introduce yourself.
Yeah, what's up, everyone? Pleasure to be here. Mila Forbes, 30 under 30 Crypto Visionaries of 2025 class.
Head of Marketing at the leading Web3 Incubator.
And yeah, pretty much discussing the topic of airdrops
all the time, even today at work. That's
why I figured, yeah, i'm gonna jump in because you
guys are having a good conversation there we go there we go we got people with more answers all
right we're let's jump
into this because i being perry there no okay all right so one of the i think hottest questions
out there right now in the airdrop space, whether or not they're good or bad, you know.
But I'd like to jump into specifically Pump.Fund's recent announcement of an airdrop.
And do you think it's good or bad?
I think that's the first thing I'll start with.
And we'll just jump into a couple other questions in a second.
Anyone can take... Oh, so if you're new to the
show anyone can take the question just jump in you don't have to raise your hand uh piggyback
off each other it's like we're all sitting around a big table or like rocks like i'm going to add
to that question real quick for i'm not going to answer it but for the people that are going to
answer first good or bad for who good or bad for who I think is the important thing here for the community, for the project. Yeah.
So community projects, any other categories that you'd...
I think I'll jump right in. I think it really depends how the airdrop is set up. But I think when it's done right, it is good for everyone involved.
And like the key thing is you need to have alignment between the users and the project
or users community and the project.
So like when I think about airdrops, like some, they literally give it to people who
just form points, contributed very little to the ecosystem.
And then you know that they're going to sell day one.
And those types of airdrops are not designed very well at all for long term incentives.
And like you need to have this alignment.
So I know I'm very big on like polygons or I guess it's the AgLayer breakout program where projects connecting to AgLayer and
they spun out of Polygon Labs will do airdrops for pole stakers. And that is something that I think
is the right alignment. So you think about a project like Katana or Maiden who they're doing
airdrops for pole stakers and you have people who are staking pole
because they're long-term believers in Polygon
and what Polygon's doing.
The team spun out and I don't see people en masse
like getting a Maiden airdrop or Katana airdrop
and selling it because they're aligned
with the project early.
But then you have other projects
and I'm sure everyone can think of them that
literally just airdrop hundreds of thousands of dollars if not millions and then their their
price goes in the shitter 20 days later because everyone just wanted to use their their airdrop
get some money put it into stables or bitcoin or whatever project they actually believe in and then
they move on to the next one and those airdrops are bad for i think everyone involved realistically so are are we
talking about like pumped off funds airdrop is it is it even real is it is this a real thing or uh yes yeah they're just yeah well i mean
yeah i think airdrops is like the crucial step in terms of the marketing because in order to have a
funding in order to have some active user base you need numbers and airdrops with platforms like zili and other
social fire platforms is the easiest way to get this first i don't know few thousand people and
then you promote and then you move on so it's become became like a meta for new project to join
the market uh in terms of how many of those projects really give her tropics i think it's like less
than 50 percent they at least worse their time so i feel like people are using it as just a way to
promote but in fact doesn't give don't give any uh anything or a bit of the old bait and switch
yeah exactly yeah i think i think you i I think having the first guy that responded has
it spot on. If the people that are getting the airdrop believe in the project and there's
long-term alignment, the airdrop can be a great way to reward people when you don't have a massive
cash budget. Not to show what Hummingbird does is we help companies, we help
projects give airdrops based on them providing value in return and usually over a longer term
period. And so, you know, everybody on the platform doesn't have to promote every project,
but the ones that they choose to, the idea is that they believe in that project and it might
even be a product that they use themselves and
their network starts to use. So then it's really kind of compensation for, you know, being a
promoter and evangelist of it. And so I think when you have a good value exchange and like with the
pump token, it's going to be interesting to see how they support the price. You know, everybody
is so mad at pump for, you know, supposedly extracting 750 million or a billion dollars out.
But what if they're going to use a huge portion of that to support the token if people do start to sell it?
So that's why I'm super curious about it, because if you do an airdrop right and you made a lot of money in your platform leading up to the airdrop,
especially if you're an exchange or a launch pad
or something like that.
It's a really good way to reward the people
that got you there.
And like in PumpFun, it's all the people that launch tokens,
it's all the people that traded.
And it's gonna be interesting to see if they come out
and really add a lot of liquidity to that token,
or if there is a lot of sell pressure,
if they add support to that token or if there is a lot of self pressure if they add um you know
support to that to essentially reward uh the whole community with a big part of um you know the profit
that everybody was so mad that they made but do you think like anyone will keep this spam from
i will second i will sell it this second i guess i don't know about yeah and i think that's the
other thing they're going to do to and i think that's the other thing
they're going to do to people i think that's the other thing they're going to do i think that
and the only reason i think this is because i'm working behind the scenes on a couple things
where the token can be used to continue to promote and reward based on what the ecosystem's doing. So, Pump even alluded to it might be a utility token.
So, what if Pump takes revenue from the platform
and continues to support the token
and offer rewards and stuff like that?
You might turn around and sell it,
but another person might look at it.
And again, I don't want to say it's like a stock
or an equity investment, but people might view that token at a certain price as a proxy to
uh the earnings that they're making but i mean if people get like a thousand of the token they're
probably all just gonna dump it you know you can do percentage of the airdrop because I remember 33% is the actual ICO sale and what's the airdrop size?
I think it's similar. I think their tokenomics is 33% to the community.
33% for the community is the ICO sale that you can participate. For an example,
you can go on Maxi and you can actually buy i think like
it was limited to 100 dollars worth of fun at a discounted price and that's the ico sale uh the
airdrop was something else and if i remember correctly it was a very small percentage
but i cannot find the tweet actually 20 24 i just asked greg
yeah because 33 is for community and something else.
Their ICO is like 33.
They had another bucket was 33.
And then they had like 3%, you know, for the new streaming platform and stuff like that.
So it is a healthy amount.
So it's going to be interesting to see who gets it too so is the 20 to the team just quietly
yeah and who knows if they're doing the airdrop based on who launched tokens um you know there's
a lot of belief out there that many of the tokens were launched by the same network of devs so
really this airdrop could just be going back
to that network of people anyway.
Yeah, I've seen some stats on this actually.
I'm not sure if it was just fabricated or not,
but yeah, there was like a whole chunk that went
to people that had tokens that bonded
and there was some that went to people
that had just traded the tokens.
But yeah, I mean, like, I think the guy that deployed Fartcoin
had deployed, like, 400-plus tokens before that,
and all of them had bonded.
So if he gets that airdrop, he's going to get millions.
Yeah.
And again, he might be incentivized on other things
to not sell that token, right, or sell it responsibly.
So then it's not the same as the airdrop going out to a bunch of people that are going to je sell that token right or sell it responsibly so then it's not the same as the
airdrop going out to a bunch of people that are going to jeep the token it's going to go
essentially back into their you know kind of own network of people i mean there's i mean i i knew
random devs that were launching 20 coins a day you know so it's like if if those, if there's people. 20 coins a day.
I think.
That's where all the liquidity went.
Hey, so, Ravi, did you get to jump in?
I saw your hand up earlier.
Yeah, exactly.
I just wanted to add some color i think on both the sides
where you know if there is an incentive which results into some kind of a dollar amount i'm
sure that people would try to play all those games in order to corner as many token as possible and
that's where we have seen the original perspective of where the airdrops have originated versus where we are now in terms of
90% of the activities typically goes into either the spam account bots and so on. And I think this
is where just referencing one thread that I remember reading it from Balaji, and he was
indicating how airdrops has actually flipped up the model where initially the innovators needs
to go to the VC and raise the fund versus how community can be created and those communities
supporting a project in their vision. But then I think that value has been eroded over a period
of time. And what we are seeing, at least the kind of solution that we provide, which is primarily
saving the treasury token for the airdrops, we been seeing that tier one projects in fact many many builders have started taking this more seriously
unlike like i would say six months to a year back where airdrop projects were cornered majorly
but those users who hold thousands of wallet and not even say 100 but thousands of what which are
just created with some scripts and
uh you know just cornering a majority of the tokens versus now where good projects you know
vehicles and builders are trying to see can we bring one unique user for one with one wallet to
take the uh you know to clean the tokens and you know that kind of fairness for airdrop distribution i think is bringing in
more efficiency bringing in more transparency and we are avoiding those situations like zk
sinks and many other where token airdrop has been not very transparent and it has been taken away by
majority of the bots does anybody actually go Thanks, man. That's actually my next question, Robbie,
and thanks for setting it up so perfectly.
I mean, bots have been an issue for a long time.
I mean, I remember there was even like a Cosmos project
way back in the day that had to do a vote
to reset the tokenomics
just because it was game of a game so badly so like
our projects still getting your it sounds like you're you're saying because recently i heard in
the in the builder space through you know many different channels and um builder groups that airdrops kind of have been showing to lack
the same kind of strength that they used to and that people have found so many ways to game them.
And so it sounds like you're saying that maybe builders are getting better and learning how to pop them into their growth strategies and actually convert people over instead of, you know, just having the tokens dumped on the market.
But what's your guys' take on bots and real strategies nowadays?
Maybe I'm going to cut too far ahead but like civil resistance I mean I'm not I'm just gonna like pose a question
basically like do you think civil resistance like how big of a percentage
are the bots versus like an airdrop that's utilizing like civil resistance yeah i think so
maybe the only way you can check is with kyc because it's like a well it's a game of weapon
and shield right civil resistance isn't necessarily like a kyc it's more of like yeah verification
correct correct i think maybe just jumping in there, I believe there can be
multiple level of assurances depending upon how strict a particular builder wanted to go, right?
So maybe a shameless plug-in here. We have four level of assurance, but I think in keeping it
very, very short, can we just believe in the user who may be passing in a captcha and say that,
okay, these are humans because they cleared a captcha and say that, okay, these are
humans because they cleared a captcha, very, very low assurance versus, let's say, leveling it up
and say that you have to blink your eyes, you have to move your head just to showcase that you are
human, you are not bot. That's another level of assurance. Maybe increasing in further, can we
even have a unique human so that it's not the same user coming with another 100 wallets and
claiming the tokens so we can have one wallet one user that's a a level up again and maybe
the fourth level is the kyc where we are now verifying the document against the unique human
so that we are truly truly ensuring that it's a unique human why Why does it have to be KYC though? Like why, why KYC versus human
verification? Yeah. And on top of verification, it's, did they do something of value? I think
that's an important thing that process a little smarter of, did that person do something of value?
Like if that person, um, like the, um, uh, the arena, the socialI app, right? Like they basically did their airdrop based on partly the amount of revenue
that was generated to the platform through ticket sales and stuff like that.
So like you can say like, I don't mind giving this person a bunch of token
because they added money to the treasury.
Or I don't mind giving this person token because like what Kaido is doing
and stuff because they created quality content um
on the did you see the what is it xbt about kaido recently maybe about a week ago about the
transparency of the algorithm and stuff was it that one there there was a post that was basically
saying that a lot of the kaido well well, it was being basically bought it out.
Yeah, and again, you have to figure out a way to do that, right?
You have to verify that a social account that was doing it, right?
I think that's where, again, people use AI to do this content,
so we need to use AI to verify that it really was,
like Rock, for example,
was rock actually from his account, creating quality content and waiting more weight to that
than, you know, an AI account that, you know, knows how to get like 200,000 followers and
generate this content and hit the algorithm.
And so I think, yeah, but so there's always going to be problems that we've got to stay
ahead of the stay ahead of the farmers.
But I think it's just moving in the right direction of trying to figure out, you know, did they add something to the ecosystem?
I think Kaido is a really interesting example, too, because I think that like there are projects that do it well and projects that don't.
Like, I'll be totally transparent.
I received a massive airdrop for newton because i literally just have staked
kaido and maybe the uh kaido nft am i got the wallet newton yeah so i i got a really big airdrop
and like now they're connected to aglare i think they're doing great things but i didn't really
contribute to their ecosystem at all but because i was connected to Kaido and got an airdrop,
I think that's really poor alignment. Because if you look at Newton's chart,
you can see they had a whole bunch of cell pressure day one. And I bet a lot of people
who use Kaido just sold their airdrop because I mean, I got probably $1,600 worth.
their airdrop because i mean i got probably sixteen hundred dollars worth yeah and that's
did you sell to me yeah so the idea is you have all of these accounts that like you put this
self-pressure and like they weren't aligned with newton they didn't care about newton they just
like kaido for other reasons and that's a really bad form of an airdrop where you can have other
projects that like i know um like katana has a leaderboard and one of the things that they're going to do is tie
it to on-chain action with your kaido linked wallet so like you actually need to be building
and doing stuff on chain to qualify for airdrops regardless of the content you create. You need to actually be using, and that's the long-term airdrop alignment that I think
projects really need to focus on instead of just dropping to whoever as a, almost just
writing it off as a marketing expense, because that really hurts your token price.
And then you need to make sure there's actually something for people to do with the token.
I mean, I know that's a totally totally different argument but if people just get the token and there's literally nothing to do with it except the price
then yeah i mean people are going to monetize that i mean you can't not like if you've been in
web3 and crypto for any longer period of time i mean there's only a few charts that are up you
know from three or four years ago you know that that long. So we all know that lesson.
But if you give people a reason to use it,
if it's a token that gives you huge trading discounts
and you're a big perp trader,
you might hold some of that token.
But there's also a misalignment of what the token actually does
in the ecosystem.
So people are like, well, I kind of have to sell it.
There's nothing else to do with it.
I mean, even outside of that,
the reason you would hold it after an airdrop
is because you assume price go up.
But over the last like three years,
it's just really hard to assume price go up.
Yep.
So you have to be like...
I mean, I think Bitcoin is like, you know,
one of the only charts that like from three years ago is up.
I mean, there was no...
Did you say Bitcoin is the only token?
I mean, that's an exaggeration.
But if you look at a lot of the big market cap tokens from three years ago, most are down.
Fair enough.
90% or more.
And I think maybe back to the previous point when we were discussing on the Kaito approach versus
the other approach, my personal belief is there's going to be a combination for your approach in
terms of how do we qualify those set of users who are not necessarily just a farmer because
from a farming perspective it doesn't make sense from, you know, holding up the tokens. I think the only intention for them is to get those
token dump it and that adds a sell pressure onto the project. So qualifying those users who have
been doing something meaningful for a project and distributing the token back to them, I think it's
going to be an important expectation from the projects and there needs to be multiple approaches
whether it is engagement via kaito looking at the on-chain transaction histories or maybe doing
something like a proof of uniqueness combining these different approaches in order to qualify
the right set of user and then rewarding them might be an interesting way to see no soil pressure
no unwanted treasury distribution to the users
and ensuring that there is a long-term runway for the project do you think that like staking
might be like the like after an airdrop like incentivizing staking like the best question
let me add to that question guys because um this this is something I wanted to ask the experts here.
I forget exactly who just brought this up, but what actually keeps the community that receives the airdrop from dumping. Someone was talking about, you know, there needs to be something available for the
community to participate in, whether that's protocols, Richard just brought up, staking.
What do you guys think? And do you have case studies or something that you believe looks like it keeps more people participating within the ecosystem?
I mean, one thing you could do is, like with PumpFun, they're doing an airdrop, they're doing a sale.
By the way, they're going live at $4 billion valuation. Seems crazy.
But anyways, if you were someone who's receiving this pump fund airdrop and we had
someone earlier say, you know, I would dump on, you know, right away. Right. But if you were told
by the pump fund team, we have also reserved X amount of the supply to reward loyal holders.
This could be, you know, you don't have to say exactly what it's going to be, but you could say this could be either people who receive the airdrop and don't sell.
This could be people who buy from this tweet on and don't sell.
Or it could be, you know, whatever.
You could give some different things and then divide it up and give it to people, you know, at a later date.
It could be in a year or whatever.
You could give more specificity or you could give less.
But if people knew that if they behave and Santee Claus is watching,
that they may get more, I think stuff like that's interesting.
Bonkmas, dude, you nailed it.
I love how you said even the Santee Claus.
And that's what Bonk did, right?
We all did Bonkmas and there were all these different things.
And it was like, did you do this?
Did you hold your airdrop from last year?
Did you do all this?
And I mean, I know a lot of people that held their Bonk token for, for a long time.
Um, but take that even further.
What a good trend to like have in the industry.
If you have people, you know, right now the trend is dump on command vcs are doing it
user retail is doing it if it's pump if it's pump i'm dumping for sure i'm selling i don't know maybe
and the only reason why i say that like maybe it's just the culture over there but
yeah i'm i'm dumping on bump like i mean that's my biggest concern is the culture like the
I'm dumping on Bump.
I mean, that's my biggest concern is the culture.
Like, the people involved in all this stuff.
I just don't trust the team to do the right thing.
I don't trust the people around.
You know, even the people who are going to be getting the airdrop, they're all PVPers, right?
I mean, you know about the BumpFund team, right?
I mean, maybe you talked to them before.
They had actually very good projects built before Pump Fund.
They had really difficult trading terminals, et cetera.
But let's get back to it in a second.
But I have a crazy idea, guys.
What if Pump Fund all this time, it was a crazy CIA plot to get all of our passports?
Did you just say CIA?
Wait, so they're requiring KYC for the airdrop? You're not going to believe it. to get all of our passports. Did you just say C-I-A-Y?
They're requiring KYC for the airdrop?
First of all, they do require for the ICO.
But second of all,
just in pure fury,
you wouldn't be crazy
because you wouldn't even believe
how many Interpol-based apps
we actually have in crypto
that we're using and a lot of people are using every
day without it knowing and if you went to the last ifcc you would have known because there
was a panel dedicated to that well theoretically theoretically it would be cia it would it would
if it's like really trying to get your information it would most likely be like FBI
I mean the question is
why would you be scared
what was the panel about?
I gotta know
there was like actually an intelligence
kind of led panel
well it was
a private event
it was a panel during a private event
and it was one of the topics of
the discussion uh and there were people like who were speaking uh on this topic who definitely
know what they are saying um however when it comes to all of that um guys like i don't think
there's anything to fear unless you have something to hide. That's the biggest principle.
I'm going to have to say no.
But, you know, I don't know if you remember.
Hold on, guys.
I don't know if you remember, Rock, but back in, was it 2020 when we had that big quick swap party?
There was actually intelligence at the party and they were,
and they,
they let us know they're like,
yes,
we're just interviewing people.
And do you remember that?
So I've been,
I've been there multiple times where intelligence is there and they don't
tell people and you just have to know because people,
you know,
know that's how I know um but yeah they're
because they're they're at lots of our events yes i just came for the chips and salsa but yeah to
say if you don't have anything to hide don't be scared is i mean that's like i i think that's
that's like not studying history it's like i mean i could give a hundred examples of times where
people who were law-abiding citizens were hurt from government intelligence.
Yeah, we had this conversation recently.
Remember, we were discussing gold and the ban of gold and how during Second World War governments were treating people who were trying to preserve their wealth and everything.
But what else can you say in those kind of situations?
No, but getting back to the airdrop thing.
So when I was talking about Bonk, I wasn't talking about Bonk.fun doing a token.
I was talking about how when Bonk released their token, the original Bonk token, you
know, years ago, one of the things they did to keep people was the Bonk, the Bonkmas,
the Bonk Christmas thing.
And you had to do different things
um you know to get your to get your different airdrops and stuff and so that was going along
the terms of long-term uh incentivization but the other guy that said if you get a big pump
you know pumped up fun airdrop you might just sell it because you don't believe in the culture
and the inside yeah that's me that's me for sure's me for sure. Yeah. So I think, so I think,
so I think the way a project doesn't airdrop correctly is you have to instill that trust
from the very beginning, you know? So what if pumped out fun, you know, had shown on chain
that they weren't extracting, uh, they weren't moving the funds like allegedly to bank accounts.
And again, just cause you move something to a bank account, doesn't mean you're not just doing that
to play the drop in soul from 290 down to 100 then buying again right like but you could
instill that trust early on so that people that do get the airdrop are like this team rocks
i want to support them and not sell their airdrop because i know they're doing the right thing for
the community so i think a good airdrop strategy starts with your initial
come to market for your product not the week before your air drop from that fund have the
chance to have the funniest ever bro do you think they will miss it
i mean one thing worth more will they miss what no one pump fun is i'm looking at their
din dashboard just now and from all time high, their average revenue is down
97.5%.
It's been trending down
pretty heavily since February
ish.
This kind of looks like it might just be a
liquidity event because
because
revenue.
That's what people are saying, right?
That's the signal of the top.
Not of the market, signal of the top is when not like of the market but like our specific project this is last are only are only the
people who have launched sorry alex but are only the people who are launching tokens gonna get in
there drop or we don't know could be traders it could be launchers could be you know influencers
that did stuff on i didn't see that it was people with bonded tokens like
dads with bonded tokens and traders but yeah i mean there's no confirmation i don't think
right now i've launched several tokens uh you have your like not the airdrop but like a cash
some quote unquote for rewards uh for for the things that you did so i created like several
tokens and i got this certain reward and i think that'll be the case more probably how much like
when you launch a token like what do you what do you do with it like would do you like add money or
so you like uh give a liquidity on number of slana that you want if you want to so i think up to five or
something and then uh that's it if it passes the bonding curve it's got listed on dexas and
do what you want with it i mean you don't even have to do any you don't even have to do any the
the amount of soul you buy is just to pre-buy your supply so people that are launching legitimate
tokens or i don't mean legitimate but people that are launching legitimate tokens, or I don't mean legitimate,
but people that are launching tokens
that they want to support
because it's like their project,
they'll buy 50, 60, 70% of the bonding curve.
Maybe not on PumpFun, I don't know if they have that,
but other launch pads have the availability
to buy up to like 80% of the initial supply.
Or you can just literally buy none of it.
And that's what a lot of these devs were doing is they don't even buy any of it they just would launch 20 tokens a day
i mean i think the cost is like 0.05 soul or something like that and if it graduates you
actually get a half a soul back so some of these people were making 10 soul a day from launching
20 tokens that graduated in the in the height of things And now they'll probably get this big airdrop too.
Yeah, most probably.
I did once launch a token to our president, Zelenskyy,
in Ukraine called Vartuzhna, it's like a local meme.
And I just launched it and forget about it.
Then I realized it was like 100K on the top.
I didn't buy it and sell anything,
though people are still DMing me that I'm a scammer but yeah
yeah and that's the responsibility right like I was I was gonna launch a token because I wanted
to test marketing strategies and like I let some people in my network know I was like hey I'm gonna
launch this token blah blah and they're like dude you can't launch a test token because people might
put real money in that and get taken out by snipers so like it's kind of
a responsibility right like you can't just launch a bunch of stuff out there because people might
go into it and again that's their fault you know do your own research buyer beware type stuff but
what snipers are you using they have like solander bots so they're yeah like you can put a bundler
bot together you can get like the first transaction and pick
up like 10 of the supply for like next to nothing and then as soon as it pumps you just hit a button
and like all 40 of your wallets sell have you like tried like cherry sniper anybody no yes maybe so
no i mean no i haven't done it myself because i'm not trying to snipe tokens and dump on people, but I know people and they have like their own proprietary or maybe it's like a white, you know, you know, like just a version of someone else's.
But I mean, they're they're so prevalent out there.
I mean, they're a dime a dozen.
Fair enough.
But that's why these new launch.
That's why a lot of the new launch pads have allowed
the pre-buy feature.
And I think that's a really cool, that's what I think changed it a little bit because now
you can buy the first 80% of the supply, which means the snipers can't get it at like the
3k market cap, the 5k market cap, they would have their first transaction would be coming
in at like 70k or 80k
and they're trying to make the difference between those first few transactions at 5k and 10k and
then as soon as it bonds at like 100k and then dumping. Well, this way you kind of take out
that first thing. Now, if people think it's going to be like an actual good token, they'll still try
and snipe it as soon as it hits the DEX, but at least you kind of take out a little bit of that.
And then some launchers are even adding like a whitelist feature,
but like for the first hour that it's trading,
you can, you know,
only allow like these 3000 wallets to buy or something.
That's so risky and like, oh man, so PVP.
But Russ, is that, is that,
is your PFPp ross from friends
or no no like
so what's the question yeah your pfp is that ross from friends or no
uh basically my name is russell and i run like a French indicate. So it's your PAP though.
Yeah, it is. His is Ross from France. Yeah.
Good times. Hey, Rock, I think we might have to jump off to start getting ready, get cameras set up and all of that.
I know I need to just to make sure everything's running smoothly yeah i'm tying my tie right now
yeah can we get in the jumbo okay cool we got in the jumbotron so um yeah me and aztec will hop
over there to get set up on the stream yard and everything. But yeah, this will be Mario interviewing myself, Aztec.
Bitcoin OS is Yago, who a lot of you guys know.
They're getting a lot of hype lately.
Hoskinson has been interviewing him and on panels with him and stuff.
And then who else?
StratX will be there.
Jack from StratX.
Yeah, it should be pretty good we just opened raise yesterday for litvm the only the first and only litecoin layer two uh and this is
uh you know being supported by litecoin foundation charlie lee etc can we pin in a jumbotron a post
from litvm and uh and again, this is Ag layer chain.
So we're bringing it all back to Polygon, boys.
Wait.
Okay.
All right, guys, much love.
We usually go for three hours.
And so this feels a little sacrilegious jumping off so early.
And I do apologize.
Wait, wait, wait, before you go let me this is a great combo
definitely yeah much love to everyone here I think uh I think we have a good idea of
the new capabilities and how that airdrops have and how they can be streamlined a little bit better and become
more useful over time.
And obviously anyone in the audience, any builders, there's several kind of key experts
or people that are building in the airdrop space here.
So please reach out to them if you need some help.
And much love, Dash, for being here.
Is that Joel?
Yes, it is.
Hey, how's it going?
Did you even say anything?
No, this is the first.
You guys are all deep in this.
Is this space wrapping up right now?
It is, brother.
But I just wanted to say hi because I just noticed you were here.
And I was like, oh, my God, it's Joel.
We're moving over to Mario space for LitVM, though.
So come on over if you want.
Yeah, I got some work calls, unfortunately, during that time.
But could I have like two minutes for a shill of another project?
It's not really a shill, but it's related to the airdrop.
Sure.
Sure.
So I'm a big fan personally.
And obviously, the rest of the Dash community is of the Maya Protocol, show, but it's related to the airdrop. Sure. Sure. So I'm a big fan personally, and obviously the
rest of the dash community is of the Maya protocol, which is a Thor chain fork, just cross chain AMM
decks. And what I really like about them is this thing called the liquidity auction they did,
which is sort of like an airdrop. So they're a zero inflation, 100% fee based network since the beginning.
And the way they allocated all of their, their token is the cacao token, which is kind of
the gas token that powers everything is the first three months or so when people, I think
it was three months when people, when the network launched and they were setting up
their liquidity pools, let's just say you
allocated a certain amount of Bitcoin to the Bitcoin pool and a certain amount of, you know,
dash to the dash pool, et cetera. At the end of this liquidity auction period,
the tokens were just given proportionally to value to liquidity providers, such as say,
if you have like $8,000 worth of Bitcoin in the Bitcoin pool, you get
matched with an $8,000 worth of cacao at the end of the liquidity auction era. And I think it worked
really well for a fair distribution mechanism, even though sort of airdroppy. And oddly, we did
not see almost any dumping after that, because usually you get an airdrop people just
dump it right away but people kept their cacao and their liquidity pools for the most part and it's
you know just launched from day one never had any inflation or anything just purely fee revenue
based system and i think that's kind of a beautiful thing very tricky to do very ballsy to do but i
just i think it's one of the gold standard kind of initial coin distribution models that I've seen.
Nice.
That was actually going to be one of my questions is what is some of your guys' favorite airdrops
or the best airdrops you guys have seen.
So that was a good one to end on, Joel.
And yeah, much love, everybody.
I have to jump off until next week.
Darren, you can keep this space going.
