In recent months, the crypto airdrops have gained popularity as the loyalists have received above $4B worth of coins. Node Capital, a prominent crypto fund, has recently shared a thorough publication reviewing the respective events and the best practices to get the most via airdrop campaigns. The platform added that the respective publication would assist the organizers of such events to reach a wide audience.
Node Caiptal’s Exclusive Report Offers a Guide about the Beneficial Practices for Crypto Airdrops
In the respective post, the platform asserted that the current airdrops lack in several areas. Hence, if most of the platforms overcome the respective deficiencies, they can reportedly organize effective airdrops. In this respect, Node Capital advised the platforms to conduct soul-searching instead of announcing their airdrop via social media. According to the company, proper homework needs to be accomplished before the launch of an airdrop.
In addition to this, Node Capital mentioned that an entity requires a strong comprehension of its objectives for the airdrop. Some of the popular goals take into account the expansion of the consumers. A platform might intend to persuade people to conduct quality assurance and consumer testing. Another target includes the conversion of likely coin holders into significantly active participants.
Crypto Firm Outlines the Finest Practices
The platform has provided the outline of the finest practices concerning the measurement of the efficiency of an airdrop. With the use of diverse Web3 entities as examples, the firm has provided the finest metrics, tracking certain airdrop goals. They include the measurement of the wallet activity, the extent of token distribution, collection timelines, and exclusive coin holders.
However, the firm noted that the entity offering airdrops should prioritize the metrics effectively reflecting the airdrop targets. Additionally, the airdrop should not just focus on the present community, but it also needs to consider upcoming audiences. The airdrop should also take into account the tokenomics of the entity.
The Company Unveils ‘Airdrop Assist Tool’ to Help Entities Better Assess Their Airdrops
Moreover, the company should reportedly pursue the best communication strategy to access the audience. In this respect, the strategies should prioritize preventing Sybil attacks and casting off malicious actors. Apart from that, the platform also discussed the other crucial factors. They involve smart contract auditing to guarantee the smooth operations of the airdrop.
It added that substantial resources and time should be allocated to carry out these things. For this purpose, Node Capital has introduced the “Airdrop Assist Tool,” offering chief analysis and measurements of the airdrop’s progress. The project offers an elucidated idea regarding the efficiency of the campaign. As the platform explained, the project will potentially evolve with time.