空调启示录：减少奖励，内部人士利润和机器人利用如何破坏社区信任

该报告强调了有缺陷的系统，这使兴奋变成挫败感。这样，binance构成了言论：AirDrops Crypto的金票还是滴答滴答的定时炸弹？

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

尽管通常预计加密驾驶会促进命运和采用，但Binance的最新报告揭示了引起叙事酸味的深层缺陷。

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

降低的奖励，内部利润和机器人利用正在越来越多地影响社区对空投的信任。行业可以在用户失去信心之前对其进行修复吗？

Binance Exchange’s Analysis Of Recent Crypto Airdrops

Binance Exchange对最近加密驾驶的分析

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

该报告强调了有缺陷的系统，这使兴奋变成挫败感。

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为矮胖的企鹅的Airdrop提供了10/10的社区情绪，因为它得到了广泛的欢迎，并且在高度奖励的用户和设定新的Defi标准之后，超级流动性紧随其后的是9/10的评分。但是，当气流无法交付时，后果迅速而严重。

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），最初保证其对社区的代币供应量的9.5％，但在最后一刻将其削减到5％。根据Binance的Grok AI分析，这引发了广泛的反弹和令人沮丧的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.

它还引用了卷轴2024年10月的另一场灾难，强调了模糊的规则和不清楚的资格快照，导致了令人失望的3/10评分。

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.

同样，在2025年2月，凯托（Kaito）向内部人士分配了43.3％的供应，同时仅向社区分配10％。此举使影响者迅速抛弃了他们的股份，侵蚀了信任。

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，该报告引用了机器人宣称代币的Sybil Farming，以及诸如魔术伊登（Magic Eden）在2024年12月的爆发索赔程序之类的技术故障进一步加剧了用户的不合时宜。

Why Most Airdrops Fail To Deliver

为什么大多数空调无法交付

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的报告还剖析了这些失败背后的机制 - 少量分配的变化，例如Redstone，信号不良的计划和信誉问题。如Scroll不清楚的资格标准所示，缺乏透明度会引起人们对偏爱的怀疑。

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.

最后，诸如On-Chain监测和人类证明工具之类的技术解决方案（例如由LoyeZero部署的工具）可以帮助打击Sybil养殖并增强公平性。

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的报告总之是一个警钟，虽然加密驾驶飞机提供了一个独特的机会来使财富民主化和加强区块链社区，但它们也有可能在管理不善和剥削的重量下崩溃。

“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.

“令牌是一个新的资产类别。我们仍在弄清楚最佳实践并在灰色区域中导航。气水是这种新资产类别的狂野边界，突破了可能的范围，并突出了我们面临的挑战的界限。它们在叙事中也是叙事的范围，但在叙事方面，它们也是如此，但在叙事中进行了表达。 Binance宏观研究员Joshua Wong说。