From 2020 to 2024, users from the United States could miss $ 1.84 billion to $ 2.64 billion of potential profit due to the weaving of tokens distributions through the Eirrodes, the Dragonfly investment company reports. According to its estimates, the tax losses of the US budget, while amounting to $ 525 million to $ 1.38 billion. Writes about this RBC Crypto.
Eirrods are a free distribution of tokens among crypto project users, often used to attract activity, testing products and stimulating users. Many crypto projects block access to eirrodes to users from the United States due to uncertainty in regulation. The US Securities and Exchange Commission (SEC), especially under the administration of the former president Joe Biden, considered some EIRPROPs as the potential distribution of unregistered securities.
Dragonfly is a venture company focused on crypto -novel, founded in 2018. She controls assets worth about $ 3 billion and invested in more than 120 blockchain projects.
The methodology for calculating the company’s experts is based on the analysis of onchain-data and third-party sources. Analysts estimated the number of active crypto -adales in the United States using Electric Capital metric and the analytical panels of the Dune Analytics service. They calculated the share of American users among all active crypto -adales, and also analyzed 11 large eirrods inaccessible in the United States, including Arbitrum, Optimism, Blur, Apecoin, Dydx, ENS and Layerzero.
The report notes that the methods of a hydraulic band vary from simple IP address restrictions that users can bypass through the VPN, to more stringent personality checks (Know Your Customer, KYC), completely eliminating the access of US residents to eirrodepami.
Based on all metrics, the number of addresses that received tokens and the volume of distributions were determined. To take into account the weathering, the correctional coefficient of Geoblocking Adjustment Factor was used, which allowed to clarify the share of American users who did not receive Eirrodes.
For comparison, the analysts examined the Uniswap (UNI) EIRDROP, which did not have a booby and became one of the largest cryptorrhoids in the history. Separately, data with Coingecco reports were compared, which used another methodology based on the maximum cost of tokens. According to their estimates, the losses of American users can reach $ 5.02 billion.
According to Dragonfly, the desktop of Eirdrops affected from 920 thousand to 5.2 million holders of cryptocurrencies in the United States. In 2024, 22–24% of all active cryptocurrencies in the world belonged to users from the United States, but most of the large Eirrods were not available to them.
The report provides an example of Tether, which in 2024 earned $ 6.2 billion profit, but, being registered outside the United States, did not pay taxes to the American budget. According to analysts, this case clearly shows how cryptocurrencies develop outside the United States due to uncertainty in regulation, which leads to potential losses for the country’s economy.
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Source: Cryptocurrency
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