Airdrops: From Excitement to a Whole Narrative Within the Web3 Space

Airdrops: From Excitement to a Whole Narrative Within the Web3 Space

Recently, there have been clear trends in airdrops across various communities: some members are highly engaged, whether early adopters or deeply involved with the project, while active traders simply claim airdrops as they come. Participating in airdrops can be time-consuming and demands significant community engagement, leading to frustration when the "you are not eligible for this airdrop" message appears.

Why is That?

Airdrops involve complex economic strategies and a deep understanding of the community and those actively involved. They're not just simple giveaways; projects and chains need strong infrastructure to manage these distributions while keeping core values aligned. Airdrop narratives have become a staple in community engagement, and this trend is expected to grow. With #airdropsummer approaching, every ecosystem should be ready to leverage them to boost adoption.

Pulsar Money's Approach

While many platforms offer airdrop services, the infrastructure often focuses on incentivizing users through task-oriented campaigns. The real question is how airdrops can not only incentivize individual users but also bring together communities, diversify participation, and ensure that activity and genuine engagement are evenly rewarded. Pulsar Money addresses this with an airdrop platform designed to engage entire ecosystems, spanning DeFi, Gaming, NFTs, Payments, AI, and more.

Key Features

On-Chain Distribution: Pulsar Money utilizes point systems, smart contracts, and gamification to ensure tokens are distributed thoughtfully to eligible participants.

Incentive Mechanisms: Airdrops are designed to reward active community members and incentivize participation through various challenges and referral programs.

Multi-Chain Support: Pulsar Money is expanding its functionalities and challenges to involve activities on multiple chains across several ecosystems, with further integrations planned.

Interface: The Pulsar Money platform offers an intuitive interface, making it easy for users to participate in airdrops, track their rewards, and engage with the community.

Participating in Pulsar Money Airdrops

The Airdrop Module simplifies participating in airdrops, making it more accessible for the community to engage with these events. This feature is key in reshaping the launch strategy of major projects, increasing the user base, enhancing overall project traction, and encouraging wider community involvement, allowing more users to join challenges effortlessly.

Pushing the airdrop narrative to the next level is a joint effort that combines efficiency, flexibility, and social engagement. This approach not only makes the process easier for project owners but also more rewarding for participants.

Points and Token Allocation

Tokens are allocated based on user activity and engagement during the airdrop campaign. The most active participants will receive higher rewards. Participants earn points by completing tasks and challenges. Points determine the final token allocation, with more points translating to higher rewards based on the 95th Percentile Capping.

What is 95th Percentile Capping?

Imagine you have a contest where participants earn points. Some people have found a way to earn an extremely high number of points, much more than everyone else. This isn't fair to the other participants, so you want to ensure a more equitable distribution of prizes.

How Does It Work?

1. Identify the Top 5% Threshold:

   • Think of your data as a list of numbers. The 95th percentile is the value below which 95% of these numbers fall. In other words, it's the value that separates the top 5% from the rest.

2. Cap Excessive Values:

   • Once you know this threshold, any participant who has points above this value will have their points reduced to the 99th percentile value. This ensures no one can have points that are excessively higher than the rest.

Why Use It?

• Fairer Outcomes: By capping the highest scores, you prevent a few outliers from dominating the results. This means prizes can be distributed more evenly among participants.
• Easier Analysis: With extreme values reduced, your data becomes more consistent and easier to work with.
• Improved Trust: Ensures participants trust the fairness of the process, which is crucial for maintaining a positive reputation.

Real-World Analogy:

Think of it like a marathon where some runners found a shortcut. To ensure fairness, you only consider the times of the top 95% of runners who followed the correct path. Anyone with an exceptionally fast time (likely using the shortcut) is adjusted to the fastest legitimate time.

Ensuring Fair Allocation

On top of that, to further ensure fairness in the allocation process, we are introducing a system designed to achieve a balanced and fair distribution for the project, addressing key economic considerations.

To prevent potential exploitation of this distribution system, we will withhold its specific details until closer to the allocation time. This approach underscores our commitment to transparency and fairness, ensuring that the allocation process remains fair and in line with the underlined principles for all participants.