Dragonfly’s Haseeb proposes holder scores, crowdsales to replace current airdrop model
Dragonfly managing companion Haseeb Qureshi proposed a fame system to reward customers on token distributions via airdrops.
On a Sept. 15 post through X, he shared a reform plan to filter airdrop farmers who dump tokens instantly after launches.
Qureshi responded to Aztec CMO Claire Kart’s critique that airdrops “tank your chart” and supply “lazy alignment” by drawing parallels to IPO allocation strategies.
Companies provide institutional traders like BlackRock preferential pricing as a result of these companies show long-term holding patterns, whereas retail traders pay market costs due to unpredictable habits.
Qureshi acknowledged:
“It’s loopy that token distributions don’t work this fashion.”
He advocated for meta-incentives primarily based on customers’ historic token habits relatively than platform-specific metrics.
Holder rating framework
The Dragonfly companion proposed standardized holder scores monitoring token retention curves, governance participation, payment spending, liquidity provision, and product utilization throughout a number of protocols.
Projects would publish these scores in JSON format, enabling different groups to incorporate fame information into distribution choices.
Qureshi argued that this creates accountability throughout the ecosystem. Users who find out about future airdrops contemplate their holding historical past when modifying their habits towards long-term dedication relatively than instant promoting.
Credit bureaus function equally, with monetary establishments sharing buyer information to encourage accountable habits.
The framework beneficial limiting free airdrops to below 15% of complete token technology occasions whereas promoting the bulk via score-tiered crowdsales.
Better holder scores obtain bigger allocations at decrease costs, whereas mercenary farmers pay full value or obtain no entry.
Crowdsale benefits
Qureshi acknowledged that the proposal addresses elementary airdrop issues by requiring pores and skin within the sport. Users paying for tokens create dedicated holder bases versus recipients of free cash searching for instant exits.
Crowdsales additionally present built-in sybil resistance, as creating 1000’s of farming accounts turns into economically prohibitive.
He acknowledged airdrops stay helpful for pay-for-performance situations requiring particular measurable actions like complete worth locked or buying and selling quantity.
However, Qureshi concluded that broad “helicopter cash” distributions solely appeal to synthetic exercise that disappears after token launches.
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