Recently, a project has been preparing a shareholder airdrop for 2026, with a plan to distribute 1 new digital token for every 1 share. At first glance, it seems like some kind of innovative incentive mechanism, but a closer look at the details reveals the underlying motives.

This time, the token design is quite interesting—non-transferable, non-redeemable, and the official statement clearly says it does not qualify as an investment product. It indeed avoids many risks, but if you ask about the true purpose? It’s nothing more than leveraging the hype around issuing tokens to boost the stock price.

Compared to previous related projects, the performance of those tokens is well documented. Some tokens once plummeted over 90%, while others remained relatively stable. These cases more or less reflect the limitations of similar operations. Changing the packaging or expression doesn’t alter the core logic.

From a shareholder’s perspective, this is indeed a sweet deal—getting some tokens for free, even if they can’t be used or sold, provides psychological comfort. But from a market perspective, whether this operation can truly drive up the stock price and bring real value to the project team still needs time to verify. After all, any incentive mechanism must be grounded in actual business growth and ecosystem development to be effective.