Debate Sparks over EtherFi Airdrop Distribution Amid Accusations of Whale Favoritism

Critics Question EtherFi Airdrop Amid Allegations of Whale Favoritism

The debate continues regarding the equity and transparency of EtherFi's airdrop strategy.

Criticism Trails EtherFi Airdrop Distribution

On March 16, EtherFi revealed that the first phase of its airdrop will release 6% of the total token supply. ETHFI will have a total supply of 1 billion tokens, with an initial circulating supply of 115.2 million.

Upon closer examination, community members swiftly discerned that Justin Sun, the founder of the TRON network, stands to obtain roughly 3.5 million ETHFI, equating to 2% of the initial allocation of 60 million tokens.

Community members have speculated that these tokens could be worth as much as $20 million. This allotment would serve as a reward for his recent deposit of 20,000 ETH to the protocol. Some criticized this, pointing out the potential exploitation by whales.

According to the critics, whales could amass significant rewards by farming large amounts, leaving early project contributors with meager rewards.

Community members' concerns prompted the founder of EtherFi to emphasize improved token distribution to better serve the community.