AltLayer Executive Responds to Airdrop Criticism
The Head of Growth at AltLayer has addressed concerns regarding the recent token airdrop, dismissing claims of unfair distribution and emphasizing the role of community support. In a post on X (formerly Twitter), Dorothy responded to criticism by explaining that the selection of NFT holders was coincidental and not intended to benefit a few individuals.
Controversy Surrounding Oh Ottie NFTs
One of the main issues raised by the community was the perceived irregularities with the Oh Ottie NFTs. Users flagged transactions on a specific wallet that received two Oh Ottie NFTs linked to Dorothy. These NFTs were listed before the snapshot for the airdrop, allowing the wallet owner to receive $135,000 in tokens and sell them.
Dorothy defended this as a coincidence and suggested that it is not uncommon for traders to take profits during price swings. Similar activities were also observed with other NFT holders who listed their assets before the snapshot but still qualified for the airdrop.
Uneven Distribution in AltLayer Airdrop
The distribution of tokens in AltLayer’s airdrop has also been criticized for its unevenness. The airdrop distributed $100 million worth of assets to over 550,000 community members, with a majority of the value reserved for those holding specific NFTs.
The largest group of recipients consisted of 467,000 users who participated in the Altitude Campaign and received 111 million Alt tokens. Another group of 95,000 users who staked TIA tokens received 30 million Alt tokens. Other groups received rewards based on specific requirements set by the team.
Hot Take: Addressing Community Concerns
AltLayer’s Head of Growth, Dorothy, has responded to the backlash over the $100 million airdrop distribution. While some irregularities were identified, Dorothy attributed them to coincidences and defended the fairness of the process. Moving forward, Dorothy emphasized the importance of community support and called for unity in order to build a stronger ecosystem.
By
By
By