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Berachain Co-founder: The risks of large-scale Airdrops are significant, ICOs and public sales may make a comeback.
On August 24, Smokey, co-founder of Berachain, stated, "A larger scale Airdrop means there will be more potential sellers without a cost basis, and many large trading teams in the Asia-Pacific region often specifically target tokens with Airdrops for shorting operations. Additionally, Airdrop tokens are easily manipulated by the market, with most flowing into the hands of insiders. ICOs and public sales will make a large-scale return. For most teams in the future, the wisest approach is to conduct a very small amount of Airdrop (1-2%), while also conducting public sales (perhaps accounting for 5-10%)."