I used to worry about losing money while farming projects; now I worry most about projects suddenly shutting down.
Abstract wasn’t the first, and StandX won’t be the last. Those of you still grinding away at airdrop farming need to keep your investment and the wear and tear it causes in check. I’ve already seen lots of studios around me shut down.
NeoSoul, which made its Binance Alpha debut today, opened low and climbed. I didn’t farm it heavily, but I checked on a whim and found 10 tokens in an address from its previous zero-cost SBT event. Better than nothing, I guess. If you farmed it, check your eligibility and claim as soon as you can.
Setting aside all the noise about exchange listings, the thing you should really pay attention to is their Believe plan. The basic idea is: the team’s allocation will be locked for 12 months after TGE, then unlocked based on KPIs (if the KPIs aren’t met, the tokens won’t be unlocked). Any community member can submit KPI suggestions, and those whose suggestions are adopted will receive tokens worth 5,000 USDT $DNA .
The plan closes at 18:00 Beijing time on October 19. If you’re interested, get your submission in soon. I suggest including the metric, your reasoning, and how it can be verified. For example: “The KPI I propose for NeoSoul is ___, because ___, and it can be verified by ___.”
Put simply, your proposed KPI needs to be well-supported, measurable, and verifiable—not just empty talk. Whether the team ultimately adopts it is something we’ll find out when the results are announced on the evening of the 19th.
Honestly, after all these years in crypto, this is the first time I’ve seen a project team make a bet with its community. Before this, it was usually project teams betting against investors. Whatever the outcome, it’s a meaningful experiment—and far better than projects that slack off after TGE and periodically dump unlocked tokens on the market.
Abstract wasn’t the first, and StandX won’t be the last. Those of you still grinding away at airdrop farming need to keep your investment and the wear and tear it causes in check. I’ve already seen lots of studios around me shut down.
NeoSoul, which made its Binance Alpha debut today, opened low and climbed. I didn’t farm it heavily, but I checked on a whim and found 10 tokens in an address from its previous zero-cost SBT event. Better than nothing, I guess. If you farmed it, check your eligibility and claim as soon as you can.
Setting aside all the noise about exchange listings, the thing you should really pay attention to is their Believe plan. The basic idea is: the team’s allocation will be locked for 12 months after TGE, then unlocked based on KPIs (if the KPIs aren’t met, the tokens won’t be unlocked). Any community member can submit KPI suggestions, and those whose suggestions are adopted will receive tokens worth 5,000 USDT $DNA .
The plan closes at 18:00 Beijing time on October 19. If you’re interested, get your submission in soon. I suggest including the metric, your reasoning, and how it can be verified. For example: “The KPI I propose for NeoSoul is ___, because ___, and it can be verified by ___.”
Put simply, your proposed KPI needs to be well-supported, measurable, and verifiable—not just empty talk. Whether the team ultimately adopts it is something we’ll find out when the results are announced on the evening of the 19th.
Honestly, after all these years in crypto, this is the first time I’ve seen a project team make a bet with its community. Before this, it was usually project teams betting against investors. Whatever the outcome, it’s a meaningful experiment—and far better than projects that slack off after TGE and periodically dump unlocked tokens on the market.