温馨提示:本站仅提供公开网络链接索引服务,不存储、不篡改任何第三方内容,所有内容版权归原作者所有
AI智能索引来源:http://www.bee.com/ja/60364.html
点击访问原文链接

TGE Survival Game: Airdrops are dead, ICOs should rise? | Bee Network

TGE Survival Game: Airdrops are dead, ICOs should rise? | Bee Network Login トレンドニュース ミーム・ローンチパッド AIエージェント デサイ トップチェーンエクスプローラー 初心者向け 100x コイン ビーゲーム 重要なウェブサイト 必須のアプリ クリプトセレブリティ デピン ルーキーズ・エッセンシャル トラップディテクタ 基本的なツール 高度な Web サイト 交換 NFTツール こんにちは、 サインアウト Web3 ユニバース ゲーム ダップ ミツバチの巣 成長するプラットフォーム 広告 検索 英語 コインをリチャージする ログイン ダウンロード Web3 ユニ ゲーム ダップ ミツバチの巣 広告 ホーム-分析-本文 TGE Survival Game: Airdrops are dead, ICOs should rise?分析4ヶ月前更新ワイアット 16,825 18 Original translation by: Saoirse, Foresight News

Editor’s Note: Public offering is a broad concept of raising funds from the public, and ICO is one form of it, with public sale being a key component. This article focuses on how public sale, as a method of public offering, has emerged and replaced airdrop as the mainstream method of token issuance, analyzing its advantages, case studies, and market impact.

Once upon a time, airdrops were the preferred method for token generation activities (TGE). Projects distributed large amounts of free tokens to users, hoping to cultivate a group of loyal holders and promoters. For a time, this method did work. The allure of “free tokens” created a viral hype cycle—Discord was buzzing, posts on the X platform kept generating buzz, and users flocked to deposit Total Value Locked (TVL) into untested smart contracts, all in the hopes of earning a little extra profit.

However, there’s no such thing as a free lunch. エアドロップ farming became increasingly sophisticated, and “Sycophant attackers” (users who obtained extra tokens by forging identities) gained notoriety. エアドロップs ultimately became “liquidity exit tools” during TGE—arbitrageurs sold the free tokens to investors who bought in on the first day. Project teams then realized they weren’t building a community at all, but rather “feeding locusts” (implying that arbitrageurs only plundered profits without contributing to the community).

New Trends in Public ICOs Instead of airdropping tokens to the public, project teams have found a new method. They discovered that by offering seemingly “generous” high valuations, they can raise more funds from retail investors and funds. What’s the new rhetoric? “We’re giving you the opportunity to buy in early—almost like it’s free!” This model provides the same “dopamine rush” as airdrops, only with an added “payment threshold,” packaged under the guise of “fair issuance.”

Theoretically, this model makes sense. People tend to value what they pay for more, driven by psychological factors such as the “endowment effect” (a psychological concept that refers to the increased valuation of something after ownership). Therefore, theoretically, users wouldn’t sell their tokens on the first day of TGE. Furthermore, this “generous ICO” allows project teams to raise more funds for their treasury, rather than simply giving away tokens for free. In return, retail investors at least get to participate in a relatively liquid transaction with a high probability of profit.

場合 PUMP raised approximately $600 million at a valuation of $4 billion. Although the token price subsequently declined, it still maintained a trading volume of approximately $4.4 billion, and pre-sale participants did indeed have the opportunity to sell their tokens at a 75% profit during TGE.

XPL launched a liquidity mining campaign, allowing investors to enter with a fully diluted valuation (FDV) of $500 million, raising a total of $50 million. Somehow, when the 暗号currency community enthusiastically chased the token, pushing its FDV to $16 billion, investors reaped extremely high returns. Even after the token price subsequently fell, pre-sale participants still earned approximately 6x their initial investment.

今後の展望 Currently, prior to TGE, there are two highly anticipated ICO projects: MegaETH and Monad. MegaETH raised approximately $50 million through a FDV of $900 million to $999 million; Monad plans to raise nearly $200 million through a FDV of $2.5 billion. It’s worth noting that neither project has launched its product yet.

While there are no absolutely risk-free deals, the market generally considers these public sales to be “good deals.” This view is reflected in the market reaction—MegaETH’s fundraising subscription was oversubscribed by 27.8 times.

But here’s the question: where does the money come from? The answer is everyone who bought these tokens during TGE (the logic behind the airdrop is the same). As long as people blindly chase after these tokens during TGE, it will be a profitable deal for most participants.

I expect this trend to continue, but I’d like to remind everyone of a few points to note. More projects may launch TGEs in this way in the future, but not all projects present good opportunities. As the market becomes more efficient over time, these arbitrage opportunities won’t last forever. Public ICOs are by no means “free money machines.”

Since Coinbase acquired Echo/Sonar (project name), the future BASE token will most likely be launched through an ICO rather than an airdrop.

Furthermore, this new trend may create headwinds for the entire altcoin market. The “marginal buyers” (those who ultimately decide to purchase and influence market supply and demand) of these ICOs are mostly existing altcoin holders. As more funds flow into ICOs, the liquidity supporting high FDV “fantasy projects” (projects with only concepts and no actual products or implementation capabilities) will decrease. Many such projects already encountered setbacks on October 10th, and future “player versus player” (PvP) competition in the market will only intensify.

(Note: Taiki Maeda believes the cryptocurrency market will experience a K-shaped recovery in the future, with Bitcoin and tokens with buybacks belonging to the recovery sector, while overvalued infrastructure, projects with unlocking pressure, and junk projects will decline.)

In the future, the gap between high-quality and low-quality tokens may continue to widen. トークンs with a currency premium (referring to intrinsic value) and strong cash flow will perform better, while tokens solely supported by narratives or hype will underperform. Please manage your funds carefully.

この記事はインターネットから得たものです。 TGE Survival Game: Airdrops are dead, ICOs should rise?Recommended Articles

Related: Understanding LayerFi (Layered Finance): The Inevitable Logic of On-Chain Finance Evolution (2025-2030) Some thoughts on the future of on-chain finance, written after the sharp market fluctuations on October 11, 2025 Opening: Let’s start with a simple question On October 11, 2025, the crypto market experienced its largest margin call in history. If you’re following this space, you might ask: Does this volatility mean the blockchain experiment has failed? The answer is definitely no. But I’d like to ask you to think about it from another perspective: In this extreme stress test, which systems collapsed? Which survived? Which were questioned? And more importantly, which systems emerged stronger? Let me first introduce my background. I’m the founder of BitMart, and I’ve been in the blockchain industry since 2013. Over the past nearly 13 years, our platform has processed trillions of dollars in transactions and…

#分析# エアドロップ#ビットコイン#暗号# マーケット#トークン# ツール© 版权声明配列 上一篇 Zeno's digital twin ideal and DeSci's democratization of technology 下一篇 Zcash surged 10 times in a short period; is the privacy sector becoming the next narrative? 相关文章 How much profit can the stablecoin’s “1:1 printing right” bring? 6086cf14eb90bc67ca4fc62b 25,528 2 Odaily Interview with BNB Chain’s Nina Rong: Where Will the Next Billion Users Come From? 6086cf14eb90bc67ca4fc62b 13,131 1 24-Hour Hot Coins and News | The probability of a 25 basis point Fed rate cut in October is 97.3%; 6086cf14eb90bc67ca4fc62b 17,767 米国選挙前に必読:知っておくべき紆余曲折のすべて 6086cf14eb90bc67ca4fc62b 95,809 15 BTC ボラティリティ: FOMC 会合 6086cf14eb90bc67ca4fc62b 41,876 2 Dialogue with Tether CEO: Let each employee generate $100 million in profits 6086cf14eb90bc67ca4fc62b 16,677 コメントはありません コメントを残すにはログインが必要です! すぐにログイン コメントはありません... Bee.com 世界最大の Web3 ポータル パートナー コインカープ バイナンス コインマーケットキャップ CoinGecko コインライブ Bee Network APP をダウンロードして、Web3 の旅を始めましょう 白書 役割 よくある質問 © 2021-2026.無断複写・転載を禁じます。. プライバシーポリシー | 利用規約 Bee Networkアプリをダウンロード そしてWeb3の旅を始めましょう 世界最大のWeb3ポータル パートナー CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors 白書 役割 よくある質問 © 2021-2026.無断複写・転載を禁じます。. プライバシーポリシー | 利用規約 検索 検索インサイトオンチェーン社交ニュース 热门推荐: エアドロップハンター データ分析 クリプトセレブリティ トラップディテクタ 日本語 English 繁體中文 简体中文 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский 日本語

智能索引记录