Dragonfly’s Haseeb Unveils Radical Plan: Holder Scores & Crowdsales Could Kill Traditional Airdrops

Forget spray-and-pray token drops—Dragonfly Capital’s Haseeb Qureshi wants to torch the current airdrop model with a meritocratic alternative.

The new blueprint: Holder scores + Dutch auctions

His proposal ties distribution to verifiable on-chain activity rather than empty wallet farming. Early adopters get weighted rewards via a scoring system, while public sales replace speculative freebies. Think of it as 'proof-of-participation' meets ICO 2.0—with less regulatory shrapnel.

Why Wall Street should care

If implemented, this could slash the $2.3B annual airdrop market’s inefficiencies overnight. No more VC darlings dumping on retail; no more Sybil attackers gaming the system. Just actual users getting actual value—unless the usual crypto grifters find loopholes, of course.

The kicker? This might finally make airdrops something more valuable than marketing budget confetti.

Holder score framework

The Dragonfly partner proposed standardized holder scores tracking token retention curves, governance participation, fee spending, liquidity provision, and product usage across multiple protocols.

Projects WOULD publish these scores in JSON format, enabling other teams to incorporate reputation data into distribution decisions.

Qureshi argued that this creates accountability across the ecosystem. Users who know about future airdrops consider their holding history when modifying their behavior toward long-term commitment rather than immediate selling.

Credit bureaus operate similarly, with financial institutions sharing customer data to encourage responsible behavior.

The framework recommended limiting free airdrops to under 15% of total token generation events while selling the majority through score-tiered crowdsales.

Better holder scores receive larger allocations at lower prices, while mercenary farmers pay full price or receive no access.

Crowdsale advantages

Qureshi stated that the proposal addresses fundamental airdrop problems by requiring skin in the game. Users paying for tokens create committed holder bases versus recipients of free money seeking immediate exits.

Crowdsales also provide built-in sybil resistance, as creating thousands of farming accounts becomes economically prohibitive.

He acknowledged airdrops remain useful for pay-for-performance scenarios requiring specific measurable activities like total value locked or trading volume.

However, Qureshi concluded that broad “helicopter money” distributions only attract artificial activity that disappears after token launches.