According to Foresight News, Smokey, co-founder of Berachain, wrote about the project's Token Airdrop. He stated, "Larger-scale Airdrops mean more potential sellers without cost basis. Many large trading teams in the Asia-Pacific region often specifically target Tokens that have Airdrops for shorting operations. Additionally, Airdrop Tokens are easily manipulated by the market, with most flowing into the hands of insiders." Smokey also mentioned that ICOs and public sales will make a significant return. For most teams in the future, the most prudent approach is to conduct a very small amount of Airdrop (1-2%) while conducting a public sale (perhaps accounting for 5-10%).
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Berachain Co-founder: ICO and public sale will return, and large-scale Airdrop is more harmful than beneficial.
According to Foresight News, Smokey, co-founder of Berachain, wrote about the project's Token Airdrop. He stated, "Larger-scale Airdrops mean more potential sellers without cost basis. Many large trading teams in the Asia-Pacific region often specifically target Tokens that have Airdrops for shorting operations. Additionally, Airdrop Tokens are easily manipulated by the market, with most flowing into the hands of insiders." Smokey also mentioned that ICOs and public sales will make a significant return. For most teams in the future, the most prudent approach is to conduct a very small amount of Airdrop (1-2%) while conducting a public sale (perhaps accounting for 5-10%).