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Token Economics
Entry #0874
The reason an airdrop is a cost disguised as a gift
Free tokens dropped to users feel like a gift, but the supply comes from every existing holder through dilution, so the recipients are paid by the pockets of others.
Master
The hidden part
#0874
A free airdrop has a payer: every existing holder, taxed by dilution. The gift is visible; the bill is spread thin and sent to no one’s screen.