More serious retrospective on kinetiq:native airdrop as I sober up post F1 1. I stand by the fact that communications could have been clearer, and expectations could have been better managed. Always room for improvement there. 2. The community received what is now $12.5m worth of kinetiq:native for $8.81m. $3.7m of PNL distributed against a $100m mcap token is extremely fair for a S2 airdrop imo. 3. More importantly, the team raised $8.81m. This is ludicrously bullish. More ammo for partnerships, talent acquisition, infrastructure, marketing, incentives etc. I know buybacks are all the rage these days, but smaller projects need working capital, especially with how ambitious @Enter_Elysium is. Extremely high conviction that @0xOmnia can put this money to work in such a way that is very accretive to tokenholders. 4. Interesting that 16.3m kinetiq:native went unclaimed given the spread was still reasonably large at the end. I assume this is more an indication of how much attrition there has been in crypto in the last year as opposed to the claim window being too short. Maybe extending the window a week or two to the Elysium launch date means a few more % gets claimed, but I'd guess most of the unclaimed tokens would have gone to market participants who have since checked out. This is actually extremely good insight for other projects. Why give 1/3 of the airdrop to currently inactive users? A filter for activity likely just saved @Kinetiq_xyz millions of useless dillution. 5. Seeing some people say that the remaining 16.3m kinetiq:native should have been burned instead of being returned to the foundation. You need to fundamentally understand that you're invested into a project that's in full growth mode right now. Burning those tokens is a drop in the bucket compared to the amount of kinetiq:native Elysium will burn. I look forward to seeing what @0xOmnia decides to do with those tokens, but my mental model is that intelligently directed kinetiq:native incentives can burn several multiples over via increasing Elysium activity. 6. For a new investor looking at kinetiq:native, it's hard to overstate how good the outlook is. What was a potentially huge dillution event has just passed, a bunch of tokenholders and community members have sized up at a $0.26 cost basis that should act as strong support moving forward, and the team has way more money to tackle the challenge of building an on-chain ecosystem worthy of @HyperliquidX. I had previously given @Kinetiq_xyz a C+/B- on the airdrop, but after seeing the results, I'd upgrade to a solid B+/A-. Team got millions of dollars to put to work, community got millions of dollars of PNL, existing tokenholders didn't get rugged by massive dillution. Might not be as popular as giving a bunch liquid tokens out, but this is probably the correct way to handle post-TGE airdrops going forward.