Airdrops, do project teams really want to give them out? Sometimes I wonder, do those projects that shout about community first really want to distribute airdrops to the community? The answer is quite harsh: in the entire closed loop of VC coins, the vast majority of project teams are simply unwilling to give airdrops to the community. So why do they give them at all? It’s driven by the need for profit realization: First, it’s a necessity for exchanges; they require community participation so that retail investors in the secondary market will buy in. Whether the data is real or not doesn’t matter, as long as it looks good on the surface. Second, airdrops are actually a form of indirect financing. For example, the dreams of getting rich that people didn’t achieve on arb or stk will shift to linea. User attention, tx, and tvl are all part of the valuation, which becomes a means for projects to increase revenue, while also making investors feel that our narrative is sound. From the perspective of human nature and interests, most project teams actually do not intend to give out airdrops, which explains why there are so many insider trading cases. Project teams play the role of the community and then take away some of the airdrop chips, after all, they set the rules themselves. Once you understand this, you’ll know: As VC coins gradually decline, the space for airdrops will become increasingly narrow, requiring more specialization, continuous dynamic games, and even rights protection to pressure exchanges; And this will always be an asymmetric game where we are in the light, and the other party is always in the dark.