Recently, people have started shouting again: “If you don’t interact, there won’t be an airdrop”… I’m genuinely a bit immune to it. To put it bluntly, with airdrops, it’s great if you can get something—but more often than not, you’re the one feeding data to someone else, paying transaction fees, and casually leaving your wallet exposed to risk. My approach is pretty crude: first check the contract permissions and whether those switches—upgradeability, blacklists, pausing—are set; then go through the unlock table and the team’s allocations. If anything looks too ridiculous, I just pretend I never saw it. For interactions, I only use a small account, small amounts, and as few times as possible—I’d rather miss out on a bit of “witch share” than end up getting backrun (or reverse-arbitraged) instead.

The twist is that you shouldn’t only focus on the project team. The on-chain environment is getting more and more “mystical.” Recently, MEV and concerns about ordering fairness have been getting blasted nonstop. Once the miners/validators crowd in, you think you’re interacting, but in reality you’re the one being used as a sandwich for someone else. In any case, I’m not chasing the latest hot-trend pace anymore. If I can avoid signing, I won’t. If I really want to get involved, I treat the cost as an entry ticket—don’t treat it like an investment.