Footprint Analytics

Posted on Apr 10, 2023Read on

How to Conduct a Successful Airdrop Campaign - Footprint Analytics - Medium

In the rapidly-evolving Web3 ecosystem, airdrops have emerged as a popular marketing strategy for teams to promote their projects, incentivize early contributors, and acquire new users. Airdrops also offer users an opportunity to obtain free cryptocurrency assets.

However, executing a successful airdrop campaign can be a complex and challenging task, and simply distributing tokens to a large number of users may not necessarily achieve the desired marketing objectives. Uniswap’s $UNI airdrop, which was considered one of the largest airdrops in crypto history, distributed $UNI tokens to over 250,000 addresses. However, analysis showed that only about 5% of airdrop recipients are still actively trading on Uniswap.

This demonstrates that airdrops are a tricky business, and that there is still much room for improvement in current airdrop mechanics and strategy. Project teams need to analyze the behavior of all historical users in order to select suitable recipients for their airdrop campaigns. They also need to monitor the campaigns, track user participation and subsequent actions, and process and analyze the data.

At Footprint, we understand the intricacies of airdrop campaigns and offer a comprehensive solution to support our clients in conducting successful airdrops. Our solution includes the following key features:

  1. Analyzing and filtering airdrop targets: To ensure that the airdrop recipients are suitable, we analyze the behavior of historical users and develop strategies to select appropriate users for the campaign. We use a powerful tagging system to filter and screen the airdrop list and prevent attacks from bots. Contract filtering can also be added to target customers of competing products.

2. Real-time monitoring: We track the actions and asset movements of airdrop users, as well as the fluctuations of token prices and trading volumes, to take proactive measures during the campaign.

3. Ongoing user follow-up: We keep an eye on user transactions and community participation to evaluate the effectiveness of airdrops and optimize future community incentive programs. For big whales, specific groups can be set up to monitor them as they have a significant influence on the market.

With our solution, project teams can focus on implementing and iterating upon their airdrop mechanisms, without the need to expend energy on data processing and analysis. By partnering with Footprint, you can access a range of services to support the smooth running of your airdrop campaign, from pre-airdrop screening to real-time monitoring and post-airdrop tracking.

Don’t let the complexity of airdrops stop you from reaching your marketing objectives. Contact us today to learn more about how we can help ensure the success of your airdrop campaign. With Footprint, conducting a successful airdrop campaign has never been more achievable.