Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
The Rise of Retrodrops and Airdrops 2024
Recorded: March 21, 2024 Duration: 1:09:49Space Recording
Full Transcription
it's one building in market cap so yes there are some people dumping it but yes
there clearly is still enough demand to pick that off the street and and support
the the project so I also don't call those filled filled airdrops other other
than that I think it's important to realize airdrops are a tool in your
toolkit and you can choose whatever you want to do with it if you want to use
it purely for marketing and you want to reach as many people as possible then
you can do that and then some people explicitly use it for that reason and
more and more people are using it this year for that reason they're using point
systems which is very in your face saying we're gonna do an airdrop this is how you
can get points and we guarantee you stuff leaves nothing to the imagination and then
you have airdrops as a tool to reward people who really supported you it's
basically what the uni swap did of course now people are trying to anticipate on
it but you can see how people are behaving before you do your airdrop if I'm going
to do an airdrop I don't announce it I have complete freedom to do whatever I
want I can see my own on change this statistics I can see if people are trying
to bot I can see if people are trying to just do one swap or a certain size and
then you see that you can make it as difficult as you want and that is up to
the project to do it so I don't think you should necessarily criticize airdrops as a
tool just because some people are using it in a way that you don't support okay
Amplify you were raising your hand yeah just go back on the point I was talking
about the Jupiter airdrop like I do think on on certain levels are actually on a
good few levels it worked well right because it like like they said it
depends on what your what your overall goal is so Jupiter drops this to people
people know what's happening obviously they're using a platform like people said
they swapped you know hundreds of thousands of dollars through their AMM you
know that generates direct revenue for Jupiter right so instead of them having
to liquidate a token from their Treasury or whatever else they've actually
generated revenue because of the hype that's come in that's increased the
overall volume that's increased the overall TVL and then ultimately that leads to a
higher valuation for their company as well so if they go down the line and they go
to raise a Series A or a Series B or a Series C whatever stage they're on then all of a
sudden you know their overall companies worth way more than it would have been
without the airdrop and then also with the airdrop as well I think what's
interesting with such a device like an airdrop is realistically you can sort of
set your FDV right it's not like you have to try and get people to buy in
because if you're airdropping that many tokens you can go okay well we're going to
airdrop at a dollar and we've got a billion tokens to give out so that's a
billion dollars that we're that we're giving out to people basically and then you
can sort of like even if it drops 50% that's still 500 million dollars so it's
still like quite like the value is still massive compared to if you're trying to
get people to buy in a TGE you know pre-sales or trying to get people to buy in
private rounds they're always going to look for the upside potential and that
can often you know it can often be easier to airdrop rather than have to
raise that way so there's lots of different ways to do it but obviously
they've got a fully working product that's been around for a while it's been
battle tested and if someone's building an MVP obviously it might not work as
well but yeah I do agree that you know it depends on what you're using it for
it can be it can be used very well and it can be very valuable to a project
okay well now that we're getting the topic of like NFTs and I'm thinking about
something retail does any of you guys have like a Solana phone so we know that
people have Solana phone which is like a big thing as well right now they have
attached a lot of airdrops you know to owning a Solana phone all the projects
partnered with Solana phones and they do get airdrops out here and there do you
think that this kind of like a retail approach or having products going attached
to an airdrop going to be an even bigger trend this coming year and is there any
pros and cons into doing that actually I see your hand my little thing raising your
hand yes thank you so this this ties in neatly to the point I made earlier the
Solana phone airdrop ecosystem worked really well because those are limited
number wasn't millions of people taking part you know there was there was full of
folks that had that phone that gained that airdrop and most of them were not
able to actually get in quick enough to unlock it and sort of liquidate it which
meant that the vast majority of everybody else in that market had to buy on the
market at fair value or fair price it created a really strong imbalance
between buyers and token holders that was the sort of dynamic I was looking at
and I think it's a good study to look back on and I to your point I think some
brands in terms of physical goods that are digital perhaps even other mobile
phone manufacturers or or dApp applications can look at that as a good
study case and take some lessons from it providing again they don't have tens of
millions of users and you're airdropping to that size of a user base it's also
similar to the AP ecosystem and NFTs in general some which did do airdrops during
the previous bull market but these are what 10,000 individual holders at maximum
perhaps 15,000 NFTs minted and that means you're only ever going to have a
maximum of 15,000 wallets that get this airdrop allocation compared to the
millions of active wallets that are on just ETH alone that's a very very large
imbalance between buyers and sellers in a good way I mean but I think that the
Solano ecosystem from the phone perspective is definitely one to look at and
perhaps do a couple of write-ups on and that there's some lessons to take away
for anybody else that wants to try and replicate that
CryptoGrad you're raising your hand please and thanks my listeners
yeah sure so the retail intersection the physical good intersection I see is
extremely important because that also solves a major problem of crypto adoption
so let's say for an example we as project owners probably should do something in the
physical space wherein you know we provide the access to people who are not in
crypto to that certain device and then make them interested about the retro drop
area about where they can just earn points that might be converted into a certain
value later this just helps solve the major problem but I'd say this helps just us build
the future probably 10 years from now wherein we help adoption of Web 2 to the Web 3 space
so anything to do with large-scale adoption we need to go physical wherein that's what we're
planning to do and Solana has done a pretty incredible job but I'm talking more
more retail more more more volume so I know Samsung is working on on something like that
and there are other Asian companies as well that I personally know of are working with the
intersection of this I feel that's extremely important so I've done an incredible job and I
feel companies that are aiming for at least 10 years down the line are working and should work on this
I agree and personally though I'm very bummed that I don't have Solana phone with all these
air drops getting released I would like to have guys if anyone is selling one I am happy to buy it
just letting you know anyway brand go ahead
yeah I do like to point out that the whole Solana phone story is a very dangerous bias to use as an
example because it was a complete coincidence of how things turned out it was not a deliberate
strategy of course now they build on that which makes total sense but for the initial phone the
phone was bad it didn't sell for a reason and by coincidence bonk wasn't big bonk wanted to work
together with Solana Solana is big the phone wasn't so they wanted that association and then by
coincidence bonk did great as mean coin and let's be honest it is a coincidence it got so big and
that caused the value of that drop to be bigger than the phone so people were just buying the
arbitrage they were not buying the phone so there was just a very pleasant side effect that they got
rid of all the phones and that they got this insane marketing so if you want to apply the same strategy to
your NFT project to a physical good then you have to keep in mind that there is this danger zone where
you can say hey we're gonna have airdrops because then suddenly the value of your product will be
completely linked to the value of the airdrops and almost no longer to the product itself and that's
a very thin line to walk on because that's not sustainable and that's also what happened when
NFTs started creating these tokens suddenly the value of the NFT got recalculated into the token value
so if the token dropped the NFT would drop there was this direct correlation and I think that will
happen as well if you focus too much on the added value of airdrops to your physical goods because
then people will start calculating if they have enough airdrops to cover the value of your product which
is kind of insane because then you're not really selling your product okay I kind of agree in there
um I did complain a lot before wanting to sell on the phone but I still want it guys so anyway
amplify go ahead yeah just just to follow on that point I think the danger also there is that you know
businesses um might develop subpar products in order to try and sell them on right because people will
know that they'll get these additional benefits so I think go both ways like I I would I found out
about the phone in breakpoint back in 2021 I think I was like one of the first thousand people to order
it I was looking forward to it and then I got the phone and I realized what what an absolute pile of
crap that actually is as a phone it was so bad and I was so disappointed and then obviously all these
benefits come through and now I'm like oh my god I was like it's great it's paid for itself you've got all
these additional things that are coming through like it's a cool phone it's cool to have like you
know be integrated part of the ecosystem it has some cool tech behind it of course with the sort
of wallet integration and whatnot but overall like it's just been like a really bad user experience but
it's been made better because of that um but I would be sort of concerned that if people were going
to tie rewards to their products that you can just sort of push out subpar products and people will
deal with it because they'll always get the money back on it and then that can also open up a door to
to you know not necessarily fraud but you know poor poor user experience um and then if people
in Solana ecosystem are tying their name or they're part of the ecosystem and they're tying their
products to the Solana ecosystem and it's a poor user experience that will obviously you know reflect
poorly on Solana as a whole as well so I don't think it's necessarily the best strategy I think you
know Solana very much looked out um and it's definitely you know you know sent their phones through
the stratosphere and I know people who've ordered like several of the of the latest phones and all
the rest just because they want to get on the airdrops for the upcoming bull run and whatnot
but um I think it's the wrong way to do it for sure I think there's there's definitely a better way
I I kind of want to I want to agree on that and I also want to say that I kind of agree a little
bit on mindless as well it also opens up like this huge area for abuse as amplified is that like for
example if it's a really I would say a crap shirt or t-shirt that we always receive sometimes with
NFCs and then you attach airdrop to there even though you can sell it back again to someone else
it also opens um you know I think it's just one big scam away and it's gonna affect the entire market
in in my opinion like one really big like product uh abusing this uh system that's working right now
and the people buying it and then it's not gonna work and I'm just scared that the kind of it will
be so consequential to the rest of the market that it's actually um kind scary to think about it uh
okay I see my list opening uh everything's end yeah thanks just on that so we've obviously over the
last year also seen many notable NFT collections that had for two years denounced any uh conversation
of launching a crypto token as an airdrop and the moment the bull market came back around
suddenly conversations of airdrops are back on the table and it's being used uh as a marketing ploy to
drive frenzy in the floor price of the NFTs some of these will deliver some of them won't but then
you know reality will soon come back around when I think the market and the ecosystem soon realizes
but okay well you had an NFT you've given some tokens now what what's left are we getting
anything else and it's this type of I think narrative which isn't great right because you
constantly reinforce the um ideals of uh I want something because I invested in your project I want
something because I hold this token I want something because I hold this subpar phone for example it's
these kinds of things uh which I think can lead to well they obviously lead to all types of silly
behaviors but they said a chain of consequences that eventually just leads to that ecosystem
going into a demise not that it had strong principles to begin with because if you are relying
solely on an airdrop to bring back some sort of speculative fervor then you obviously didn't have
much there to begin with uh it's just a shame that the market doesn't recognize it or or I don't know
maybe they do recognize it and they're just playing the game as it's supposed to be played
I don't know uh amplify and then brand I saw you were raising your hand a while ago and thank you
again mindless yeah I'll just keep this one really short like you know there's always the issue as
well of of malicious actors out there and how they can you know think of ways to potentially drain your
wallet right so you look at ways novel ways to airdrop um you know through specific websites or apps
that are created and people interact with those with the with the you know with the idea of getting a
nice airdrop or the idea of all of these sort of benefits being tied to it and then ultimately
you know they end up losing funds because wallets get drained or or other exploits happen so it's
always important to keep these things in mind um I think when things get hyped up a lot as well people
can get sort of lost in the frenzy a little bit um and that would just be another concern of mine basically
I totally agree uh Bren go ahead
yeah just touching on what my English just said
uh I think the problem is if it is unintentional you might change indeed the value proposition of
your product whether it's physical or an NFT as soon as people come in and buy it for the airdrops
then that's your product from that moment down that is your value proposition and that is indeed
what people will be expecting and just as with the tokens linked to NFTs it is very difficult to sustain
but yeah maybe some can Madlads is doing very well they're basically selling their community in return
for airdrops so that it's a marketing deal and if they continue doing this then probably people will
associate Madlads with airdrops and if they buy one they will expect airdrops because there's people now
buy the phone of Solana because they expect airdrops maybe that's a business choice it can be a business
choice but then you have to make sure that you can continue to deliver just as with any product that
you make you choose your value proposition and then you have to deliver but I also agree that probably
some projects uh don't have that intention and it will bite them in the uh in the ass um and then one
last note uh people like to think that airdrops are completely free but I think if it uh if it's like
these marketing airdrops where you get a jump through one thousand hoops um then regardless of the the gas
fees they are mining your data right um there are a lot of web 3 marketing agencies already that have
hundreds of thousands of accounts already linked to your wallet and the longer we play this game
the more data they will have and the better they will be able to map you out so please don't be naive
we are all being mapped out and it's even easier once they cut your hook on you it's even easier
in web 3 than it is in web 2 because everything is on chain so also keep that in mind if you're giving
your twitter if you're giving your email if you're giving your wallet they're putting the pieces of the
puzzle together and that's the price you're paying and and i want to echo that actually with airdrops not
being free and all of these things that you have to do in order to get it i want to go touch base
to the topic about airdrop scams um being an airdrop enthusiast myself i really really just go through
all of these things i really just try to like you know like connect my wallet there connect my wallet here
do this post this post that and there's just so many of them right now and just one wallet connection
away from being actually scammed so you guys as people who've been doing this for just such a long
time how do you actually avoid them and how do you actually assess if it's something like if it's a
scam if it's a notable project if it's something we should be avoided or anything like that is there
like indicators that i should look for otherwise you know the last time i got uh i went east away from
my wallet and hopefully it doesn't happen again so yeah i want to see i want to know um how we can protect
users from this as well um benjamin i see everything in your hand uh i have a very simple personal
strategy for that and it is just seeing what the team have built in the past um if they have a great
history then i never see too much of an issue with it and that's pretty much my rule of thumb with
any investment and any airdrop to be honest with you
okay and mr ben thank you so much benjamin by the way so luckily we see more and more um
quote-unquote web 3 antiviruses popping up it's basically contract scanners and stuff like that
so that is good i think we are maybe a few months away from metamask integrating it in other worlds
integrating it by default so that will be a good step forward just like your antivirus is reporting
phishing websites and so forth we will see more and more of these things being integrated and
protecting people from stuff like that regardless it is annoying because with nfts you can create
a minting wallet you can take a burner wallet put the minimum in there and reduce your risk
with airdrops sadly especially with retro drops they look at past behavior so usually you have to
link your best wallets because those are the ones that you use actively and have the most history and
have the highest chance of of getting getting an airdrop so what i personally do is i just keep an eye
on the airdrops i indeed see if it's coming from big teams if there's a lot of hype if multiple people
around me and in my personal twitter bubble or my uh my personal ecosystem are doing it and claiming
and then of course the next step is don't be the first one usually you have multiple weeks to claim
so take your time don't rush it i know in the beginning if you really want to sell your tokens
you've got to be fast but if you're planning to support the project and usually it still takes
a few hours before the price really starts to drop you will not be able to sell it instantly
anyway so it gives you some time to keep an eye on what's going on and you can double check the
contracts you can double check the urls you can double check if people are complaining that our wallets
are drained and so forth you don't have to be the first one so that that would be my advice
um look around you see if people are complaining see if people are successfully claiming see if there
are no issues and only then make your move thank you so much uh and so far
yeah for me it's just about i think the it's not always the sort of foolproof way to do things but
ultimately looking at the the bigger projects out there right looking at the projects that are worth
you know or valued at hundreds of millions or billions of dollars because generally speaking even
know they'll have the most users they'll also have the biggest airdrops what i found is um it's it
finding a good airdrop from a smaller project is like a needle in a haystack right because you don't
know the criteria for which they're going to give out um give out that sort of airdrop it could be a case
of you just need to follow their socials and they might give you a small airdrop um others might be
you know you need to be active within the protocol itself in order to get the airdrop so i find they're
very hard they're very hit and miss and you can sometimes give a lot of time to get very little or no reward
um so from from my own perspective i look at the big ones like arbitrum zk sync um you know um
linear all those sort of big players um and i try to sort of figure out you know what what's their
valuation what's the overall allocation or giving to an airdrop if they state it and then you know
try and farm accordingly without sort of dedicating too much time in the sense that like you don't
want to dedicate all your time and resources to trying to farm them unless you're doing that full time
um but yeah i found that to be a pretty good strategy because overall the sort of the risk to
reward tends to be there um but then obviously there's a lot of you know scam um you know twitter
or x accounts telegram groups whatnot trying to get you to connect to different links so just make sure
that you're always going through the official channels um whenever the airdrop is announced
um thank you so much and i was a victim of that before so i am very aware of that now um jonathan go
ahead yeah i mean i was just going to use the example of um sorry you you sound uh very far away from
the mic can you hear me okay yeah i was going to use the example of um that i mentioned around uh pink
drainer where they actually will um hijack a you know a discord server or system and and actually
take over control of that system so i i guess you are protected if if you if you're not there if you're
not the first user or if you if you wait for a while um but there's literally almost no way of
knowing in that situation um so i i guess you know then you know the only way to protect against that
it's just a hyper awareness really that um even trusted sources can be can be um you know breached
and then and then be turned against you um you know i think it's a it's a big it's a big deal um i'm
i'm not sure if any of those security or prevention methods mentioned uh can prevent prevent that or
protect against it but it doesn't feel like they would um but yeah i i think it's uh something just
just to always be afraid of to be honest
i totally agree and and what's your opinion guys about the bots actually i i actually see them
see these things have been used a lot before but now i think a lot of the projects are really getting
good at being able to um spot the bot from those who are farming and those who are not but there are
still of course some airdrops are still not doing this pretty much well so i just want to know do you
guys think this is still a good idea to invest on a bot to do all of these farming things for you or do
you think is the high time now to just kind of not do it anymore brandon go ahead no i guess it depends on
the the price of the bot if you can write it yourself or it's very low cost then you can set it up on some
new wallets probably most new wallets get excluded but it doesn't mean you can start building up
transactions in the upcoming months for maybe airdrops towards the end of the year or the year after
but i do think and i do agree the further this airdrop game goes the better the quote-unquote
protection for the project to to filter out symbols so it's the typical cat and mouse game that we'll be
playing and probably if you get a cheap bot there will be very few projects that you will be eligible
for and if you got a very expensive one then you have higher risk because it's a bigger investment
so yeah then it's the whole risk reward game again so probably like with a lot of um things in the in the
uh in the space in web3 space if you're a dev and you're on top of things you can earn so much money
um even if it's just deploying new projects on different chains you almost always get rewarded
so you don't even have to create a bot just make a little project and copy it everywhere and you will
probably get it get great airdrops um and then i think indeed when you looked at the nfts if you looked
at mev if you were a savvy coder you don't even have to be a genius coder if you were just up to date on
how things were working you could make so much money and i think these opportunities they will
keep keep coming so maybe that's a good advice start learning how to code
that's not even easy
oh some serious alpha there i yeah definitely um i've had a few friends from the developer community who
have made absolute fortunes with very simplistic bots in some of these marketplaces that are um
that are not mature like there's a lot of friction and um what's the word i'm looking for uh inefficiencies
in these marketplaces all of them whether it's nfts or web3 or tokens or dexes and that that can be
exploited heavily by anybody that has a little bit of technical skill uh and understands these ecosystems
whether it's a bot or whether you're creating bots as a you know software as a service for other
people to hire and use like there's some great opportunities there uh but i want to talk about
quickly just the um vector of risk that's opened up when you start using some of these ones like uh
there is going to be a few that are malicious by all means so that's i think uh ties into the previous
point about scams and rug pulls and wallet drainers and all that type of stuff um we we also now see a
lot of sort of trading bots sniping bots that are on telegram natively in app so uh you create a wallet
within telegram you know you fund it and then it does all your operations and when you're done
you can just remove your funds and delete that uh sort of chat and it's gone right um but like the
question is how are they making their money they're probably front running you by a percent or half a
percent on every trade so again a very clever developer or some very clever developing communities
that came together with that um but i think going back to the very first point in the conversation
here um i think some of the ecosystems that fail heavily when it comes to airdrops in general are
those that ended up getting botted to the tune of hundreds of thousands like mass civil attacks
so you have bots that might you know individually end up with a two dollar airdrop but the individuals
behind that ended up having a hundred thousand bots operating on this network and some of these l1 l2
networks fall victim to that because it's very easy to do a civil attack on an l1 or l2 versus
you know a social engagement platform the way you need your twitter sign on and you get more if
you're a blue tick verified person and you have to do your discord and you have to jump through tons
of these hoops it eliminates some of that but now even that is becoming botted right so every time we
add another layer to this it works for a little while and then the bots just catch up so we're in
this never-ending circle of how do we overcome botting of our protocols and airdrops because
the financial incentive is just there for somebody to come along and create a cheat essentially right
so i don't know i don't think anybody has the solution to this just yet i just wanted to oh sorry go
ahead yeah i wanted i wanted to just uh a part of this is that you know as a developer i mean i'm not
speaking for our own platform now i'm speaking you know as a as a member of the blockchain ecosystem
for 11 years um i i've i've invested in protocols i've met with protocols that you know they they
we talk about bots we say okay you know what are you going to do to avoid bots joining this and more
often than not you'd be surprised that you know developers and and managers of projects don't
necessarily want the bots to go away right because what the bots are especially for you know a copy
pasta type of protocol bots are you know what you can consider uh user acquisition right so when you're
going off to launch a token and all of a sudden you have you know 50 000 accounts created or 75 000
accounts created you don't want to go and say oh you know those were all bots you go and say
look at this we did this tweet we got 50 000 followers we got a hundred thousand people you
know joining our platform we have a hundred thousand wallet activations and then you just take all of
those metrics and you go and you know shove it down the the pipeline for your marketing so you know
there are so many ways you could build airdrops and so many ways you can design your protocol
to avoid the simple bots that we're talking about here but i really don't think there's much incentive
these these projects don't want to do it because just the numbers just the way people do their
diligence you know people want to look at the headlines and they want to see 75 000 activations
right and and they don't the project doesn't care where it came from because that lets them
raise the money from their their you know next round that they're doing so i'm sorry to be a cynic
about it but you know i i i think um you know developers like bots for for this specific reason
and i think it's really important that you get to know the founders of the projects that you are
you know participating with and interacting with to understand just you know their their mentality and
their level of integrity when it comes to uh you know building a transparent and open platform thanks
thank you so much uh investor bren yeah that's probably uh probably very true especially the
fact that people don't want to do research they just want to confirm their choice choice is already made
before they quote unquote do research um and yes we all like metrics to to confirm um so yeah the thing
that i wanted to touch on if somebody goes out there and starts looking on how to make a bot i know
there are some some youtube videos going out there and and some tutorials out there where you can
copy paste the code to create uh to create your own sniper bot and stuff like that but be very careful
there um because there are a lot of scams there as well so yes you can copy paste the code but they
very neatly in the code uh put a wallet drain that in there so just my advice in the scam section again
um even if you do some googling even if you have code written don't don't just blindly copy paste it
um and check your check your sources yeah i agree um cryptograph yes so uh i feel uh this is actually so
true a lot of projects really do this is that they they focus on genuinely botting the airdrop ecosystem like
like how you know every other day we see a lot of twitter accounts being bottled just for the sake of
it because you know honestly i i'd be honest here is that the industry the the investors the degenerates
are all in all genuinely looking at the headlines so the point spoken earlier was genuinely so true
and then you know the projects end up raising a couple million dollars by showing you know uh this
and this uh many activations this and this many uh you know users i i i see a lot of l1s l2s do that
however i personally um you know do not recommend that i recommend that to a certain extent because i
understand that things need to look good in order to be at a certain extent but there's a lot of social
engagement companies i mean uh activation companies like previ p-r-i-v-v-y that has your two-factor
authentications and whatnot to eliminate a lot of bots to have that authentication like a web two
company would do so there are certain protocols that just help you but i do understand the importance
of for a few projects you need to do it in order to just be in the right room so i mean there are two
ways to it but yes there are infras to avoid bots to avoid those in general numbers but yes the name
of the game is that a few people do it we don't do it but we i mean but there's a lot of other
projects that do it so yeah there are two sides of it but yes the for the question that are there
any protocols helping yes there are a lot of companies and a lot of subscriptions that you can
take to have two-factor authentication like how you do on gmail so yeah yeah i totally agree i know
a little bit over time here um but i just genuinely if you can um indulge me for a minute i'm just genuinely
curious if there is you know you think there is an end to all of these airdrops happening because
i think the initial i think most of the airdrop draw that happened is basically because they want
to avoid the regulations that comes with an ico with an actual so the selling of a token and i know
that most of the projects that went to the airdrop road is wanting to avoid the implications of that
and i know that in this you know probably in this cycle the sec is going to be more strict on it so
do you think it's going to affect you know how how long this airdrop season is going to
to come in or you think it's the timeline is going to be short and we're going to be seeing the end of
it pretty much soon enough um amplify uh you're raising your hand go ahead yeah i mean the individual
countries can obviously bring in regulation to say that airdrops aren't allowed um i don't know you
know under what sort of pretense it bring that because it's sort of like you're giving away something for
free right there's no investment into it so therefore there's no nobody's buying into it with
speculation in mind or with the idea that it's going to go up in value you're simply getting
something for free for doing something right it's a reward mechanism almost like reward points for
shopping near your local supermarket um obviously has a monetary value touch with but i suppose that
does in another way as well from my point of view i suppose what you're really looking at is
as the provider of the airdrop as well where are you based as an entity um and so you know back in
2021 was much easier you could do everything from one jurisdiction like the bvi um now particularly in
defy which the space i'm in um you need to have like a multi-entity setup so you need to have a token
issuer in one country um and that ultimately gets dissolved once the token is live and then
that sort of um you know then you have like another entity which is sort of like maybe the holding
company in a different um jurisdiction and then you've got like a top co which is like building
the technology and maybe somewhere in europe so you have this like multi-faceted approach in order
to sort of dodge the regulators from a business perspective um but from an actual user perspective
i would be interested to see what regulation airdrops would fall under since it's not not really
under gambling it's not really under investments um it's more just a reward mechanism i suppose
so it'd be interesting to see how that would sort of fit into everything
all right last one and that's a brand and then we can wrap this up
yeah i think everyone in the crypto space is coming to the realization um there will be no
no way around regulation especially not in the big territories so i think less and less people
will do it to avoid regulation and more and more projects will just do it for the marketing aspect
and so yeah i don't think it will slow down maybe if there is insane regulation specifically for airdrops
that might be a little uh a little pullback but i don't i think overall everybody knows regulation is
there and they will just uh adjust i think i don't think it will slow down
30 seconds if you don't mind i you know i think airdrops are gonna mature i think they're gonna
start to look more and more like frequent flyer programs or you know credit card incentive points and
this kind of stuff i think the idea for for airdrops to you know basically launch a platform um uh you
know those happen at the beginning of cycles i think regulation and the fact that this this bull
market's maturing we'll probably see less of those and more of the frequent flyer style airdrops
that sounds funny um and then yeah technically it's just uh points gaining as well so kind of
really really there anyway i see some of the speakers um already dropped off but i just want to
say thank you to everyone who is here the speakers actually those who took time to join us today it's
been a long exciting topic as well it's an amazing day for everyone for us an exciting week
actually for everyone as well um with the market picking up a little bit and i also want to thank you
guys uh the listeners for tuning in and staying for one hour in this fruitful conduct uh discussion
we hope uh we can see you guys again next week uh to discuss about the moon coins and its role
during this bull run as usual i have linked the url on the thread below for your reference so please
go check that out again thank you guys and i don't want to waste any more of your time and have a good
night and a weekend for everyone else thanks so much have a great day bye thanks bye thanks guys bye
