Ethereum

2024

Million

WazirX

<p>The post <a href="https://coinpedia.org/news/how-vitalik-buterin-plans-to-revolutionize-airdrops-and-stop-the-scammers/">Vitalik Buterin Airdrop Suggestions: Community Rewards, Fairness, &amp; More!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum</a> co-founder Vitalik Buterin has made his strongest statement yet on the fair and effective use of airdrops. In a recent post, he outlined several key suggestions to enhance the airdrop framework and curb its misuse. </p> 
<p>Here are the main insights from his statement.</p> 
<h2 class="wp-block-heading" id="h-airdrops-as-a-reward">Airdrops as a Reward? </h2> 
<p>In his latest post on X (formerly Twitter), Buterin described airdrops as a way to reward genuine community contributors. He emphasized the importance of ensuring that airdrops reach those who have made meaningful contributions to a project. Buterin criticized the manipulation of the airdrop process by those who attempt to exploit it for personal gain.</p> 
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   <p lang="en" dir="ltr">Airdrops are a fascinating initial use case for ZK / blockchain-based identity / credential / attestation frameworks. The goals of an airdrop are:<br><br>(i) distribute to community members [and not randos who will all immediately sell](ii) reward contributions to the project<br>(iii) be…</p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1828727585204842867?ref_src=twsrc%5Etfw">August 28, 2024</a>
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<h2 class="wp-block-heading" id="h-a-blockchain-based-identity-solution">A Blockchain-Based Identity Solution</h2> 
<p>In order to improve the effective and fair usage of airdrops, he has put forward a sensible solution in his statement. He has appealed for the use of <a href="https://coinpedia.org/beginners-guide/what-is-blockchain/" target="_blank" rel="noreferrer noopener">blockchain</a>-based identity systems for airdrops. He has expressed his complete confidence in the solution that he has suggested. He has stated that it could effectively address the problems the airdrop system is currently facing.&nbsp;</p> 
<p>Buterin’s statement is expected to spark serious discussion within the crypto sector. He has highlighted a long-standing issue that demands immediate attention, and it is significant that such a strong statement comes from a figure of his stature in the industry.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/news/wazirx-might-face-lawsuit-from-coinswitch-for-nearly-10-million-in-trapped-funds/" target="_blank" rel="noreferrer noopener">WazirX Might Face Lawsuit from CoinSwitch for Nearly $10 Million in Trapped Funds</a></p> 
<p><strong>Do you agree with Buterin’s stance on rewarding genuine community members? Let us know your opinion.</strong></p>

Vitalik Buterin Airdrop Suggestions: Community Rewards, Fairness, & More!

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