When project point rules change often, your old points are not necessarily wiped out, but they almost always get diluted. Dilution doesn't mean your points are taken away. The core mechanism is issuing new points + adjusting distribution weights, which shrinks the share of total points allocated to you.
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Step 1: Tell the difference between "keeping points" and "value dilution"
After the rules change, the number in your point balance may stay the same, but you may be able to redeem less.
What to do: Check whether the new rules keep your old points, convert them to something else, or wipe them out.
How to do it: Look at the official announcement for how historical points are handled:
Points kept but distribution rules change: This is the most common case. For example, Geniuss stated that "GP points earned through past trading volumes are kept", but future distribution moved to 10 million GP per week shared by participants. Early users' share gets steadily thinned out by new points pouring in.
Some types of points removed: Under Geniuss' new rules, "GP points from referrals have been reclaimed", leaving only points from trading.
Swap ratio changed: Some projects adjust the exchange rate of points to tokens, which is like a hidden devaluation.
Completion standard: You know whether your historical points are "kept" or "partially cleared" under the new rules.
Step 2: Watch the "total points pool" change – the key dilution metric
Even if your points are kept, as long as the total points supply keeps growing, your share keeps getting diluted.
What to do: Track how the total points cap and issuance speed have changed under the new rules.
How to do it:
Check the cap: If the rule switched from "fixed total points" to "unlimited issuance" or "weekly fixed distribution", dilution continues. For example, a project changed from "fixed 100 U/1 GP" to "distribute 20 million GP every week". The cost to earn points later rose, but early points' relative value dropped.
Check the pace of new points: Geniuss Season 1 had 200 million GP in total, with 75 million already distributed and 125 million remaining at 10 million per week. That means large amounts of new points flow in every week, which shrinks your percentage.
Check actual data: Blast's multiple point campaigns were criticized by the community for "inflating and diluting point value continuously".
Completion standard: You can calculate "weekly new points ÷ your historical points" to judge the dilution speed.
Common mistake: Many people only look at their own point balance and think "my points didn't decrease, so I'm not losing out." But airdrop allocations are based on proportion — if you had 1% when total supply was 100 million, you'll only have 0.5% when supply hits 200 million. The number stays, but your share shrinks.
Step 3: Look for "anti-dilution" protection measures
Some projects include clauses in new rules to protect early user rights.
What to do: See if the new rules contain any protection for historical points.
How to do it:
Snapshot lock-in: Some projects announce a snapshot at a certain time; points before that settle under the old rules, points after under the new rules.
Weighted protection: A few projects give higher weight factors to early points, offsetting dilution from later issuance.
Clear no-more-issuance promise: If the team explicitly states "total points will not increase further", dilution risk drops sharply. Geniuss stressed that "Season 1 has a total of 200 million GP and no more will be issued", which is a form of protection for early users.
Completion standard: You can judge whether your historical points have a "protection layer" during the transition.
Risk reminder: Changing point rules is a one-sided action by the project team; users have no bargaining power. In traditional banking, similar cases appeared: after ICBC unified points into "工银 i豆", the same amount of points could only redeem goods worth about 30% less, with no buffer period. DeFi projects face even less regulatory restraint, but the logic is the same: as long as the total points pool expands, early points' share will definitely be diluted.
Verification after the rule change
After the change, recalculate your share: new share = your points ÷ total points (or expected total) under the new rules. If this number is lower than before, dilution has already happened. Also check if the team mentions phrases like "historical points will count with an X multiplier" as a protective measure.
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Next steps
When rules keep changing, don't rush to farm more points — first watch 1–2 distribution cycles to see if the new rules' earning speed and allocation favor you. If dilution is too fast, weigh the cost-effectiveness of continuing, consider stopping your interactions, and wait for a snapshot. Record every rule change with the date and specific terms. If the final airdrop allocation clearly strays from the rules' promises, these records are your evidence for community advocacy.
