Geoblocking policies in cryptocurrency airdrops may have cost Americans up to $2.6 billion in potential earnings from 2020 to 2024, a report released Monday revealed.
What Happened: Dragonfly, a cryptocurrency-focused venture capital firm, published a report detailing the financial impact of geoblocking policies on U.S. users in airdrops—a marketing stunt that involves sending free tokens to users to promote a project and drive engagement.
According to the report, 11 out of the 12 airdrops analyzed used geoblockers to prevent U.S. residents from participating or receiving tokens. Due to these geographical restrictions, U.S. users may have missed out on anywhere between $1.84 and …
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