The Last Time I'll Talk About Backpack, and Also Discussing My Airdrop Farming Principles
The author outlines two primary approaches to airdrop farming (referred to as "撸毛"): a labor-intensive" method of mass participation in many projects, and their own "sniper" method. The sniper approach relies on a rigorous four-point checklist to filter projects and avoid "industrial garbage."
The checklist evaluates:
1. **Team (People):** Founders must be intelligent, have strong execution skills, and be genuinely well-intentioned. This is assessed through their social media content and, if possible, personal interactions.
2. **Product (Product-Market Fit):** The product must have a clear market fit, be delivered competently, and the team must show a responsible attitude towards its quality, avoiding releases full of basic errors.
3. **Narrative (Story):** The project should operate in a promising, unproven narrative within Web3 that also aligns with major investment trends in Web2 (e.g., AI).
4. **Timing & Cost (Market Conditions):** Avoid participating when market sentiment is overly FOMO-driven and participation costs are high. If an opportunity causes hesitation, it's best to skip it, as overcrowded airdrops yield minimal or negative returns.
Applying this framework, the author explains why they avoided heavily farming the Backpack exchange airdrop:
* **Narrative:** They are skeptical of the "compliant CEX" narrative, questioning its unique selling point against giants like Binance and OKX.
* **Product:** They criticize Backpack's frequent technical failures, rollbacks, and what they perceive as a lack of product development rigor, comparing it unfavorably to competitors like Hyperliquid.
* **Timing & Cost:** The participation cost was high compared to zero-fee alternatives available at the time.
The author concludes that Backpack lacks the technical and operational prowess of a serious exchange and views its token more as a "VC-backed meme coin" for secondary market speculation rather than a worthwhile airdrop target.
比推03/23 20:38
