⚠️As expected, Backpack proved to be a huge disappointment for farmers. Despite using a lot of perps, I've ne…

⚠️As expected, Backpack proved to be a huge disappointment for farmers. Despite using a lot of perps, I've never farmed it: firstly, because it was centralized, and secondly, it's crazy to farm something that had been giving XP for over two years (very high dilution. 20-30% airdrop supply is a decoy because a higher supply, with the same buy/sell, lowers the price and thus the market cap at TGE). Not only did Backpack directly stake $BP tokens (unstaking for 7 days), but it also appears to have randomly distributed tokens. The other issue occurred with Mad Lads NFT, which had been promised airdrop supply: users bought them for 5k, 8k, $10k, but didn't sell them for 20k-$25k. Mad Lads is now worth $900-$1k (obviously, its price dropped post-snapshot) to receive back about $250-$300 in $BP airdrop. But in this case, let me do some math because I really think many people don't understand how distributions and airdrops work: there are 10k NFT. If you buy them at $10k, to break even for your Mad Lads purchase, the airdrop (for NFT holders only) would have had to be $100 million: unrealistic and impossible. Now, let's imagine you bought Mad Lads for $5k, and when Mad Lads went up 3-4x (and it happened), did anyone really hold it for the airdrop? $20k per single NFT means that to receive the same amount today...the $BP airdrop would have had to be $200M for NFT holders only. Many projects are turning out to be huge scams because by dint of extending the seasons the points are increasingly diluted and lose value, but some mistakes are avoidable with a minimum understanding of how distributions and airdrops work.