Exchange Tokens Are Being Redesigned Around One Question: How Do You Stop People Leaving?
Photo: Bitcoinist
Exchange Tokens Are Being Redesigned Around One Question: How Do You Stop People Leaving? The airdrop cycle of 2024 and 2025 produced a repeatable pattern, and everyone in the market can recite it. A protocol announces a points programme. Volume climbs. Wallets multiply. The token generates, the airdrop lands, and within weeks a large share of the supply has been sold and a large share of the activity has moved to whichever protocol announced points next. The mechanism worked exactly as designed. It bought attention and volume for a period, at a price paid in supply.
Source: Bitcoinist
