Original | Odaily Planet Daily (@OdailyChina)
Last night, the "superstar" project Linea officially launched. On-chain data shows that LINEA's opening price peaked above $0.046 before quickly retreating, dropping to below $0.023 at its lowest point. It is currently reported at $0.024, with a circulating market cap of only $375 million, ranking 230th in the crypto market.
From the results of the Linea token airdrop, it appears that the traditional "farming" method continues to face bottlenecks. For early participants, this may signal once again that continuing to rely on past strategies is unlikely to guarantee returns; only by seeking new avenues of participation can one keep pace with the changing rhythm.
Struggling to interact with Linea for three years is not as good as participating in OKX Boost and Binance Alpha for a few days
The traditional "farming" model may have reached its endpoint: "You struggled to interact with Linea for three years, but in the end, it's not as good as my participation in OKX Boost and Binance Alpha for a few days."
According to official data, Linea airdropped a total of 9.36 billion LINEA tokens, with 749,000 eligible wallet addresses. However, for long-time users who have persisted for over three years and continuously interacted, the returns are not ideal: each address received only 2,000 to 4,000 tokens, equivalent to $50 to $100 (calculated at $0.0245). In other words, the long-term effort and on-chain operations resulted in very limited economic returns.
In stark contrast are the recent airdrop activities led by mainstream exchanges for their own Web 3 wallets:
- In the first phase of OKX Boost's X Launch event, eligible participants could earn over 2,100 LINEA tokens per point (a total of 23,100 eligible addresses participated, with total trading points of 76,359.77);
- In the Binance Alpha event, the threshold for the first phase of Linea's airdrop was at least 220 Alpha points, and qualifying users could directly receive 7,700 LINEA, worth about $190.
Although these activities also require certain participation costs (such as trading volume, fund balance, etc.), the cost-effectiveness of the returns is clearly higher:
- Shorter time: No longer requiring months or even years of interaction accumulation;
- Controllable costs: Exchange returns for clear funding or task thresholds;
- More intuitive returns: The number of airdropped tokens far exceeds that of most long-term interaction users.
This means that simply relying on the "persisting in early interaction" farming model is gradually losing its competitiveness. As mainstream exchanges accelerate their entry into the Web 3 wallet ecosystem and launch various "token airdrop" activities, it is foreseeable that more projects conducting TGE in the future will be willing to allocate portions of tokens originally meant for early interaction users to exchange ecosystem users in order to "list on major exchanges."
Adjusting the "farming" strategy
On one hand, for ordinary "farmers," while they should still engage with high-funding, hot-discussion early projects, they need to manage their time and costs effectively. Unlike the past "blindly holding long-term," in the future, it will be necessary to make trade-offs in the allocation of time and costs for the early projects they engage with. Simply put, one should no longer invest a large amount of energy and funds into long-term interactions with a single project, but rather aim for low-cost attempts, maintaining weekly or monthly activity, or even very simple daily tasks, to avoid excessive time investment in a single project and high sunk costs.
But more importantly, perhaps the activities of OKX Boost and Binance Alpha should be considered for participation. Indeed, there have been many doubts in the market—such as the large number of participants leading to limited token distribution per person and high participation thresholds. However, from the actual results, users who consistently participated in Binance Alpha and the first phase of OKX Boost did achieve good returns in a short time.
"Farming" is not dead; it just needs a change in mindset.
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