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2/ Other reasons to custody on-exchange besides intent to sell:
* you bought and never withdrew
* you don't trust yourself with custody
* balance too small to justify self-custody hassle / transfer fees
* collateral value / account equity for margin
* staking
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3/ A big advantage of working with custodians on airdrops is that we generally have KYC'd accounts and can identify unique individuals. Purely looking on-chain, you don't know if it's 1 guy with 1000 wallets. Downside is that some legal restrictions on distribution could apply.
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4/4 If the goal is to minimize dumping while bailing out the most retail consumers possible, you might actually want to over index on the (likely) less sophisticated custodial wallet users. Suggest dropping X/X% of ownership per individual, with a low cap for broadest coverage.
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How do you do this in a fair & fast manner? Are you able to do a backdated snapshot?
How do you suggest coordinating with multiple exchanges?
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1. I'm shocked that the Foundation doesn't already have established contacts at the supporting exchanges but it should be easy enough to get connected to the relevant parties.
2. yes, we have done many airdrops and it's easy to snapshot balances as of any time/blockheight.
Anyone who wants to airdrop can state the conditions for the airdrop, send us one lump sum and we can distribute to users according to the conditions. (to the extent legally possible)
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