Friday, July 1

Airdrop Culture Could Pose Comprehensive Threat To DeFi Industry By CoinTelegraph

© Reuters. Airdrop culture could pose a comprehensive threat to the DeFi industry

EtherWrapped, a project designed to provide an annual summary of non-fungible token (NFT) user activity, was launched just over eight hours ago with great success among the cryptocurrency community.

The website detailed a plan to launch YEAR tokens based on quantitative engagement statistics in users’ MetaMask wallet, or in simpler terms, their number of transactions, volume traded, and gas rates, among other data.

Following verification at EtherScan, the smart contract encoding was evaluated by a number of well-known developers and engineering experts in the space. Meows.eth noted that these parts saw the “presence of a function titled _burnMechanism”, but concluded that it was simply a harmless mistake by the seemingly amateurish creator.

Read the full article on Cointelegraph

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