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Berachain Co-founder: ICO and Public Offering to Make a Comeback, Large-scale Airdrops More Harmful than Beneficial
Summary: In a recent announcement, Berachain co-founder Smokey stated that larger-scale airdrops would lead to more potential sellers without a cost basis, with many large trading teams in the Asia-Pacific region often shorting tokens with airdrops. Additionally, airdropped tokens are susceptible to market manipulation, with most ending up in the hands of insiders. ICOs and public ...
In a recent announcement, Berachain co-founder Smokey stated that larger-scale airdrops would lead to more potential sellers without a cost basis, with many large trading teams in the Asia-Pacific region often shorting tokens with airdrops. Additionally, airdropped tokens are susceptible to market manipulation, with most ending up in the hands of insiders. ICOs and public offerings are set to make a large-scale comeback. For most teams in the future, the wisest approach would be to conduct very limited airdrops (1-2%) while also engaging in public sales (potentially accounting for 5-10%).
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Link: Berachain Co-founder: ICO and Public Offering to Make a Comeback, Large-scale Airdrops More Harmful than Beneficial [Copy]
