Dragonfly managing companion Haseeb Qureshi proposed a fame system to reward customers on token distributions via airdrops.
On a Sept. 15 publish by way of 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.
Firms supply institutional buyers like BlackRock preferential pricing as a result of these corporations show long-term holding patterns, whereas retail buyers pay market costs on account of unpredictable habits.
Qureshi said:
“It’s loopy that token distributions don’t work this fashion.”
He advocated for meta-incentives based mostly on customers’ historic token habits fairly 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.
Tasks would publish these scores in JSON format, enabling different groups to include fame information into distribution choices.
Qureshi argued that this creates accountability throughout the ecosystem. Customers who find out about future airdrops take into account their holding historical past when modifying their habits towards long-term dedication fairly than instant promoting.
Credit score bureaus function equally, with monetary establishments sharing buyer information to encourage accountable habits.
The framework beneficial limiting free airdrops to below 15% of whole token technology occasions whereas promoting the bulk via score-tiered crowdsales.
Higher holder scores obtain bigger allocations at decrease costs, whereas mercenary farmers pay full worth or obtain no entry.
Crowdsale benefits
Qureshi said that the proposal addresses elementary airdrop issues by requiring pores and skin within the recreation. Customers 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 hundreds of farming accounts turns into economically prohibitive.
He acknowledged airdrops stay helpful for pay-for-performance situations requiring particular measurable actions like whole worth locked or buying and selling quantity.
Nevertheless, Qureshi concluded that broad “helicopter cash” distributions solely entice synthetic exercise that disappears after token launches.
