# Farming İlgili Makaleler

HTX Haber Merkezi, kripto endüstrisindeki piyasa trendleri, proje güncellemeleri, teknoloji gelişmeleri ve düzenleyici politikaları kapsayan "Farming" hakkında en son makaleleri ve derinlemesine analizleri sunmaktadır.

Running for Three Years Only to Get a 'Witch Verdict'! Big Players Unite to Defend Rights, Backpack Rushes to 'Put Out the Fire'

After three years of anticipation, Backpack Exchange finally conducted its TGE on March 23, but instead of rewards, many users—including long-term supporters and high-volume traders—were labeled as "sybils" and saw their points drastically reduced or zeroed out. The airdrop, which allocated 25% of the total token supply to the community, sparked widespread anger, especially among Chinese users, who reported heavy losses in time, fees, and trading volume. The lack of transparent sybil-detection criteria and retroactive enforcement led to a severe trust crisis. Even key community contributors and influencers were affected, with some losing referral networks due to collective penalties. In response, Backpack opened a manual appeal channel, promising to reinstate 50% of points for users with three or fewer accounts per device and to initiate a token buyback for compensation. Amid the controversy, Backpack is pursuing an IPO narrative, with plans to lock team tokens until after a potential public listing and to allow long-term stakers to convert tokens to equity. However, unclear details and the recent airdrop fallout have left community trust deeply damaged.

marsbit03/24 09:48

Running for Three Years Only to Get a 'Witch Verdict'! Big Players Unite to Defend Rights, Backpack Rushes to 'Put Out the Fire'

marsbit03/24 09:48

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

The Last Time I'll Talk About Backpack, and Also Discussing My Airdrop Farming Principles

比推03/23 20:38

Opinion Almost Entirely Flipped, Airdrop Value Less Than Platform Fee Revenue?

Opinion, a prediction market platform once hailed as one of the most anticipated airdrops of 2026, has sparked significant community backlash following its Token Generation Event (TGE). Despite raising over $25 million from top VCs and being deeply integrated with the Binance ecosystem, the project repeatedly delayed its TGE, causing its points' OTC value to drop from a peak of $45 to around $6. The controversy intensified when the tokenomics were revealed: only 3.5% of the airdropped tokens (23.5% of total supply) were unlocked at TGE, with the rest vested over 7 months. In contrast, the marketing allocation saw 7.7% unlocked immediately. This, combined with large allocations to investors, team, and advisors (totaling over 54%), angered early users who had paid high transaction fees to earn points. Many users reported losses, with one notable example being an investment of $200,000 yielding only around $1,000 worth of tokens at launch. Ironically, the platform’s cumulative fee revenue exceeded $17 million, surpassing the initial airdrop’s value. As a result, user activity and TVL plummeted, raising questions about the future of prediction markets on BNB Chain.

Odaily星球日报03/05 02:48

Opinion Almost Entirely Flipped, Airdrop Value Less Than Platform Fee Revenue?

Odaily星球日报03/05 02:48

Binance Alpha Cools Down: User Count Drops 60%, Is No One Claiming 'Eggs' Anymore?

Binance Alpha, once hailed as a lucrative platform for earning token airdrops, has seen a significant decline in user engagement and profitability. According to data from Alpha123, the number of users dropped by over 60%, from nearly 500,000 in November 2025 to around 200,000 by January 2026. Monthly earnings per account have also fallen sharply, with the theoretical maximum for January estimated at approximately $715.7—far below the $2,000 monthly profits seen in mid-2025. The platform’s become more challenging due to rising积分门槛 (score thresholds), which recently reached as high as 257 points. In some cases, users cannot meet the threshold through daily activities alone. For example, earning 15 points requires approximately $32,700 in trading volume, which—for retail traders—could mean around 100 trades per day. This results in high transaction costs, including fees and potential slippage, especially when trading volatile tokens. While some early participants earned significant returns from a few high-value airdrops, such opportunities are now rare. Most airdrops now yield below $50, and increased competition—including automated trading by studios—has made it harder for ordinary users to profit. Many are now questioning whether the effort and risk remain worthwhile, especially as platform incentives appear to be shifting away from high-frequency rewards toward more measured engagement.

marsbit01/28 10:11

Binance Alpha Cools Down: User Count Drops 60%, Is No One Claiming 'Eggs' Anymore?

marsbit01/28 10:11

Airdrop Farming Economics: The Hidden Symbiotic Chain of Projects, VCs, and Studios

The article "Airdrop Economics: The Hidden Symbiosis Between Projects, VCs, and Airdrop Hunting Studios" explores the perverse economic incentives in the crypto industry that have led to a symbiotic, yet destructive, relationship between project teams, venture capitalists (VCs), exchanges, and professional airdrop hunting operations (studios). The core driver is identified as the "cold start paradox": Exchanges like Binance and OKX demand high user activity and transaction volume for listing, but new projects lack real users. To meet these demands, projects tacitly collaborate with studios that use automated scripts to generate massive volumes of fake transactions, addresses, and social media engagement, creating an illusion of popularity. VCs further fuel this system. Needing high-valuation exits, they pressure portfolio companies to maximize vanity metrics (active addresses, transactions, TVL) before a Token Generation Event (TGE), often turning a blind eye to the fraudulent data that inflates these numbers. The airdrop, originally a marketing tool to attract real users, has been completely subverted. It now functions as a payment mechanism where projects trade future tokens for the fake data studios provide. The article details the industrial-scale operation of these studios, which use fingerprint browsers, bulk wallet generation, AI-powered KYC bypasses, and task platforms like Galxe and Layer3 as their playbook. This activity creates a negative-sum game: it dilutes rewards for real users, clogs networks with high fees, and makes it impossible to gauge genuine product-market fit. Case studies of Starknet and zkSync show catastrophic user retention rates below 2% and plummeting activity post-airdrop, revealing the fabricated nature of their growth. The consequence is a classic case of "bad money driving out good." The ecosystem is polluted with noise, rewarding projects that optimize for bots over real users and punishing those focused on genuine utility. The author concludes that the industry is trapped in a "Performative Economy" and can only escape by shifting focus from vanity metrics to creating real economic value where using a product is more profitable than farming it.

marsbit01/07 00:38

Airdrop Farming Economics: The Hidden Symbiotic Chain of Projects, VCs, and Studios

marsbit01/07 00:38

Lazy Man's Financial Management Restart｜Ethereal Earns 27% APR While Farming Points; Huma Opens New 28% APY God Pool (January 6th)

Odaily Planet Daily has restarted its "Lazy Man's Cryptocurrency Guide" series, focusing on relatively low-risk stablecoin yield opportunities. The article highlights several current strategies across centralized exchanges (CEXs) and decentralized platforms. On CEXs, Binance offers a 20.06% APR on USD1 deposits (up to $50k) until January 24, while OKX provides up to 10% APR on USDG holdings. For on-chain opportunities, Ethereal allows users to hedge positions from other perpetual DEXs while earning up to 27.2% APR on USDe collateral, plus potential airdrops. Huma Prime offers a fixed-term pool with up to 28% APR for 6-month lockups, though it's currently full. Kamino enables leveraged farming with PRIME/CASH, achieving up to 23.45% APY. Lastly, Pendle's sNUSD LP pool offers up to 18.41% APY with additional积分 multipliers. The author advises prioritizing CEX options for simplicity and lower risk, noting that on-chain strategies involve higher fees and are better suited for larger capital.

Odaily星球日报01/06 09:01

Lazy Man's Financial Management Restart｜Ethereal Earns 27% APR While Farming Points; Huma Opens New 28% APY God Pool (January 6th)