Polygon: Airdrop Phenomenon Among Layer 1 and Layer 2 BD Teams

Bittime - Polygon's Chief Information Security Officer (CISO), Mudit Gupta, revealed that 90% of the Business Development (BD) team from Layer 1 and Layer 2 directly requested a share or airdrop from the Polygon ecosystem project. 

Airdrop in the Blockchain Industry

Usually, airdrops are done to increase adoption, attract community attention, or as a form of appreciation for early adopters. However, when an airdrop is given to a BD team from a Layer 1 or Layer 2 project, this can cause controversy.

Gupta stated that although many people were shocked about the news of Eigen Labs employees requesting airdrops from ecosystem sub-projects, the reality was that most BD teams at Layer 1 and Layer 2 requested shares or airdrops.  

Read Also: Polygon will Migrate MATIC Tokens to POL on September 4, 2024

EigenLayer Controversy and Airdrop Practices

This controversy first emerged when re-staking protocol EigenLayer came into the spotlight due to its employees receiving large amounts of tokens from an ecosystem project airdrop. 

The total value of the tokens is nearly $5 million. This incident sparked a strong reaction from the community, who felt that the practice was unethical and undermined trust in the industry.

Gupta said that BD teams from crypto projects often ask for tokens in exchange for their consulting or support services. This practice is considered commonplace by many in the industry, although ethically it is debated.

Crypto Airdrop Practices

To provide further evidence of his statement, Gupta suggested that if any journalists want to investigate this issue, they just need to start a fake DEX and contact the various BD teams of Layer 1 and Layer 2 projects. According to Gupta, the journalists will soon find out that the request for shares or airdrops are common things.

Gupta's statement sparked discussion among the crypto community about transparency and morality in the crypto industry. 

Many argue that this practice is a form of corruption and is not in accordance with the principles of decentralization that are the basis of blockchain technology.

Read Also: Polygon Experiences Prolonged Decline!

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