Berachain Co-founder: ICO and Public Sale Will Make a Comeback, Large-scale Airdrops Pose More Harm than Good

BlockBeats News, August 24th, Berachain co-founder Smokey wrote that "A larger-scale airdrop means there will be more potential sellers with no cost basis, and many large Asia-Pacific trading teams often specifically short tokens with airdrops. In addition, airdropped tokens are easily manipulated by the market, with most ending up in the hands of insiders. ICOs and public sales will make a massive comeback. For most teams in the future, the wisest approach is to conduct a very small airdrop (1-2%) while also having a public sale (perhaps accounting for 5-10%)."