Unchained

The Chopping Block: Starknet's Airdrop, Founder Challenges, and Ethena's Mainnet - Ep. 611

Feb 22, 2024
Dive into the world of Starknet's airdrop controversies, where distribution mechanics spark heated debates. Discover the mental toll on founders facing public scrutiny and explore the innovative Ethena project that aims to revolutionize crypto finance. Examine the impact of airdrops on user engagement and the challenges of maintaining quality on platforms like GitHub. Plus, navigate the complexities of token generation and legal frameworks, all while assessing market dynamics and risks in the evolving crypto landscape.
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ANECDOTE

Gaming GitHub

  • Starkware's airdrop to open-source developers incentivized low-quality contributions to GitHub projects.
  • People gamed the system by creating fake issues and fixing typos to farm airdrops.
INSIGHT

Airdrop Innovation

  • Airdrops must innovate with new mechanics to avoid farming and complaints.
  • Copying existing strategies leads to predictable gaming, especially for large, anticipated projects.
INSIGHT

Founder Psychology

  • Many founders struggle with public criticism online, impacting their airdrop strategies.
  • This emotional difficulty can lead to suboptimal decisions due to the pressure.
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