Related papers: TierDrop: Harnessing Airdrop Farmers for User Grow…
Airdrops are a popular mechanism used by blockchain protocols to bootstrap communities, reward early adopters, and decentralize token distribution. Despite their widespread adoption, the effectiveness of airdrops in achieving long-term user…
Airdrops issued by platforms are to distribute tokens, drive user adoption, and promote decentralized services. The distributions attract airdrop hunters (attackers), who exploit the system by employing Sybil attacks, i.e., using multiple…
Regardless of which community, incentivizing users is a necessity for well-sustainable operations. In the blockchain-backed Web3 communities, known for their transparency and security, airdrop serves as a widespread incentive mechanism for…
Launching a new blockchain system or application is frequently facilitated by a so called airdrop, where the system designer chooses a pre-existing set of potentially interested parties and allocates newly minted tokens to them with the…
Airdrop is a crucial concept in tokenomics. Startups of decentralized applications (DApps) reward early supporters by airdropping newly issued tokens up to a certain amount as a free giveaway. This naturally induces greedy hackers, called…
Airdrops are a popular method of distributing cryptocurrencies and tokens. While often considered risk-free from the point of view of recipients, their impact on privacy is easily overlooked. We examine the Clam airdrop of 2014, a…
Blockchain technology as a whole is experiencing a dramatic rise in adoption, in no small part due to the developer-friendly Ethereum network. While the number of smart-contract powered distributed applications (Dapps) continues to rise,…
Efficient transfers to many recipients present a host of issues on Ethereum. First, accounts are identified by long and incompressible constants. Second, these constants have to be stored and communicated for each payment. Third, the…
Blockchain ecosystems -- such as those built around chains, layers, and services -- try to engage users for a variety of reasons: user education, growing and protecting their market share, climbing metric-measuring leaderboards with…
BitTorrent is a widely-deployed, peer-to-peer file transfer protocol engineered with a "tit for tat" mechanism that encourages cooperation. Unfortunately, there is little incentive for nodes to altruistically provide service to their peers…
Farmers need to be efficient and dedicate a lot of time in order to sustain the quality of their animals which are in their care. The most convenient and good quality - price ratio should be chosen for the feed of animals. Blockchain is…
Proponents of blockchains believe that this technology will revolutionize e-commerce. To evaluate this belief, we invite several groups of students to transact on a decentralized peer-to-peer marketplace built on the platform provided by…
Yield farming represents an immensely popular asset management activity in decentralized finance (DeFi). It involves supplying, borrowing, or staking crypto assets to earn an income in forms of transaction fees, interest, or participation…
A decade long thrive of cryptocurrency has shown its potential as a source of alternative-finance and the security and the robustness of the underpinning blockchain technology. However, most cryptocurrencies fail to show inimitability and…
This paper presents the first empirical analysis of how diverse token-based reward mechanisms impact platform dynamics and user behaviors. For this, we gather a unique, large-scale dataset from Farcaster. This blockchain-based,…
Not only in our country and Asia, but the agriculture sector is also lagging all over the world while using new technologies and innovations. Farmers are not getting the accurate price and compensation of their products because of several…
Data sharing is very important for accelerating scientific research, business innovations, and for informing individuals. Yet, concerns over data privacy, cost, and lack of secure data-sharing solutions have prevented data owners from…
Peer-to-peer (p2p) networks are not independent of their peers, and the network efficiency depends on peers contributing resources. Because shared resources are not free, this contribution must be rewarded. Peers across the network may…
Cryptocurrencies and blockchain networks have attracted tremendous attention from their volatile price movements and the promise of decentralization. However, most projects run on business narratives with no way to test and verify their…
Blockchain systems come with the promise of being inclusive for a variety of decentralized applications (DApps) that can serve different purposes and have different urgency requirements. Despite this, the transaction fee mechanisms…