PANews reported on May 11 that token issuance platform Boop.fun released a BOOP airdrop update on the X platform, announcing that it would end new airdrop applications ahead of schedule, stating: "The current airdrop mechanism has not created platform value as we expected, but has been exploited and manipulated, destroying the overall experience. The initial starting point was good, but it failed in the design of the incentive mechanism and failed to effectively promote the healthy development of the ecosystem, so it was decided to stop this ineffective practice. If you have already obtained airdrop quotas within the vesting period, these quotas are still valid and can be accelerated by completing specific tasks.
Unclaimed BOOP will be reallocated for a brand new rewards system. This system will be launched in the next 1-2 weeks, with the goal of better supporting meaningful token issuance and incentivizing users who are truly willing to build for the long term.”
