On Thursday evening, WTF launched an airdrop for members of the crypto community, but it didn’t go too well.
The website became popular because it enabled anyone to see how much they’ve spent in transaction fees on the Ethereum blockchain over the years. In some cases, people who spent a lot on transaction fees when ether (ETH) was cheaper could find out that those tokens would now be worth a lot more — sometimes even millions of dollars.
In accordance with this, the airdrop of WTF tokens was handed out proportionally, with more tokens given to those who had spent more in fees. The idea was that it was some kind of commiseration for the amounts spent.
Wallets with a minimum of 0.05 ETH spent on gas fees before the snapshot date of January 1, 2022, were eligible to claim the token. Someone claiming the minimum amount would receive around 30 WTF tokens.
The launch, however, did not go as planned as liquidity problems on exchanges caused significant headaches — and losses of funds.