Binance report reveals major flaws affecting airdrops – Is there a solution? – BitRss

• Crypto airdrops face declining trust due to insider manipulation and bot exploitation.
• Transparency, fair distribution, and anti-Sybil measures are key to restoring airdrop credibility.

Crypto airdrops have long been seen as a powerful tool for driving adoption and rewarding users.

However, Binance’s latest report sheds light on growing concerns, revealing how diminishing rewards, insider manipulation, and bot exploitation are curbing community trust.

Once a catalyst for ecosystem growth, airdrops now face scrutiny as their effectiveness comes into question.

Crypto airdrop winners and losers

As per the report, Pudgy Penguins emerged as a clear winner, earning a perfect 10/10 score for its well-executed distribution that prioritized NFT ($0.00) holders, reinforcing community trust.

Hyperliquid followed closely with a 9/10, setting a new standard in DeFi rewards with its highly anticipated HYPE ($15.74) airdrop.