What are the reasons for airdrop decline in the digital currency industry?

3 answers

• Mar 06, 2022 · 3 years ago
  One of the main reasons for the decline in airdrops in the digital currency industry is the increasing number of scams and fraudulent projects. Many airdrops were used as a way to promote these scams, which led to a loss of trust in the concept of airdrops. Additionally, regulatory uncertainty and the tightening of regulations in many countries have made it more difficult for projects to conduct airdrops without facing legal consequences. Lastly, the saturation of the market and the increasing competition among projects have made it less attractive for them to distribute free tokens through airdrops.
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• Mar 06, 2022 · 3 years ago
  The decline in airdrops can also be attributed to the changing dynamics of the digital currency industry. In the early days, airdrops were seen as a way to distribute tokens and gain initial traction. However, as the industry has matured, projects have started to focus more on building sustainable business models and attracting genuine users. This shift in focus has led to a decrease in the number of airdrops as projects now prioritize other marketing strategies and user acquisition methods.
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• Mar 06, 2022 · 3 years ago
  At BYDFi, we have observed a decline in airdrops due to the increasing emphasis on compliance and regulation. As a regulated digital currency exchange, we prioritize the security and legality of our operations. While airdrops can be an effective way to attract users, they also pose risks in terms of compliance and potential misuse. Therefore, we have chosen to focus on other user acquisition strategies that align with our commitment to regulatory compliance.
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