Binance's latest report reveals major issues with crypto airdrops, highlighting reduced rewards, insider profits, and bot exploits that erode community trust. Once seen as a growth driver, airdrops are now at risk of harming the industry unless rectified.

Binance provides examples of successful and failed airdrops, citing factors like last-minute allocation changes and insider-heavy distributions as causes of community backlash. The report warns that poor transparency and technical failures could lead to the collapse of the airdrop model.

Recommendations for improvement include increased transparency, genuine community engagement, and technical solutions like on-chain monitoring to prevent exploitation. Binance emphasizes the need to treat tokens as more than just assets, and use them to build loyal ecosystems.