空調啟示錄：減少獎勵，內部人士利潤和機器人利用如何破壞社區信任

該報告強調了有缺陷的系統，這使興奮變成挫敗感。這樣，binance構成了言論：AirDrops Crypto的金票還是滴答滴答的定時炸彈？

While crypto airdrops are usually expected to fuel fortunes and adoption, Binance’s latest report exposes deep flaws that are turning the narrative sour.

儘管通常預計加密駕駛會促進命運和採用，但Binance的最新報告揭示了引起敘事酸味的深層缺陷。

Reduced rewards, insider profit, and bot exploits are increasingly impacting community trust in airdrops. Can the industry fix them before users lose faith?

降低的獎勵，內部利潤和機器人利用正在越來越多地影響社區對空投的信任。行業可以在用戶失去信心之前對其進行修復嗎？

Binance Exchange’s Analysis Of Recent Crypto Airdrops

Binance Exchange對最近加密駕駛的分析

This report highlights the flawed system that is turning excitement into frustration.

該報告強調了有缺陷的系統，這使興奮變成挫敗感。

The Binance exchange analysis gives Pudgy Penguins’ airdrop a 10/10 in community sentiment as it was widely acclaimed, and Hyperliquid followed closely with a 9/10 rating after handsomely rewarding users and setting new DeFi standards. However, the fallout is swift and severe when airdrops fail to deliver.

Binance Exchange Analysis為矮胖的企鵝的Airdrop提供了10/10的社區情緒，因為它得到了廣泛的歡迎，並且在高度獎勵的用戶和設定新的Defi標準之後，超級流動性緊隨其後的是9/10的評分。但是，當氣流無法交付時，後果迅速而嚴重。

The Binance research cites Redstone (RED), which originally pledged 9.5% of its token supply to the community but slashed it to 5% at the last moment. This triggered widespread backlash and a dismal 2/10 sentiment score, according to Binance’s Grok AI analysis.

Binance Research引用了Redstone（Red），最初保證其對社區的代幣供應量的9.5％，但在最後一刻將其削減到5％。根據Binance的Grok AI分析，這引發了廣泛的反彈和令人沮喪的2/10情感得分。

It also cites Scroll’s October 2024 airdrop as another disaster, highlighting vague rules and an unclear eligibility snapshot leading to a disappointing 3/10 rating.

它還引用了捲軸2024年10月的另一場災難，強調了模糊的規則和不清楚的資格快照，導致了令人失望的3/10評分。

Similarly, in February 2025, Kaito distributed 43.3% of its supply to insiders while allocating a mere 10% to the community. The move saw influencers quickly dump their holdings, eroding trust.

同樣，在2025年2月，凱托（Kaito）向內部人士分配了43.3％的供應，同時僅向社區分配10％。此舉使影響者迅速拋棄了他們的股份，侵蝕了信任。

Further, the report cites Sybil farming, where bots massively claim tokens, and technical failures such as Magic Eden’s botched claim process in December 2024 have further fueled user discontent.

此外，該報告引用了機器人宣稱代幣的Sybil Farming，以及諸如魔術伊登（Magic Eden）在2024年12月的爆發索賠程序之類的技術故障進一步加劇了用戶的不合時宜。

Why Most Airdrops Fail To Deliver

為什麼大多數空調無法交付

Going beyond exposing flaws, Binance’s report dissects the mechanics behind these failures—last-minute allocation changes, like Redstone’s, signal poor planning and credibility issues. A lack of transparency, as seen in Scroll’s unclear eligibility criteria, breeds suspicion of favoritism.

除了暴露缺陷之外，Binance的報告還剖析了這些失敗背後的機制 - 少量分配的變化，例如Redstone，信號不良的計劃和信譽問題。如Scroll不清楚的資格標準所示，缺乏透明度會引起人們對偏愛的懷疑。

Finally, technical solutions, such as on-chain monitoring and proof-of-humanity tools, like those deployed by LayerZero, could help combat Sybil farming and enhance fairness.

最後，諸如On-Chain監測和人類證明工具之類的技術解決方案（例如由LoyeZero部署的工具）可以幫助打擊Sybil養殖並增強公平性。

Together, Binance’s report serves as a wake-up call that while crypto airdrops present a unique opportunity to democratize wealth and strengthen blockchain communities, they also risk collapsing under the weight of mismanagement and exploitation.

Binance的報告總之是一個警鐘，雖然加密駕駛飛機提供了一個獨特的機會來使財富民主化和加強區塊鏈社區，但它們也有可能在管理不善和剝削的重量下崩潰。

“Tokens are a new asset class. We’re still figuring out the best practices and navigating the grey areas. Airdrops are the wild frontier of this new asset class, pushing the boundaries of what's possible and highlighting the challenges we face. They're also a critical part of the token narrative and are closely watched by the community. But recently, there's been a shift in the narrative, signaled by Grok's analysis of community sentiment towards airdrops—a decline,” said Joshua Wong, macro researcher at Binance.

“令牌是一個新的資產類別。我們仍在弄清楚最佳實踐並在灰色區域中導航。氣水是這種新資產類別的狂野邊界，突破了可能的範圍，並突出了我們面臨的挑戰的界限。它們在敘事中也是敘事的範圍，但在敘事方面，它們也是如此，但在敘事中進行了表達。 Binance宏觀研究員Joshua Wong說。