What is Taker Protocol?
The Taker Protocol is a DeFi platform designed to incorporate Bitcoin into the DeFi landscape. It features TakerChain, an EVM-compatible Layer 1 that brings Bitcoin liquid staking derivatives (LSDs) into the mix, allowing swaps, lending, and many other applications .
🔗 Official Website: https://taker.xyz
🐦 Official X (Twitter) : @TakerProtocol
With the backing of leading venture capitalists such as Electric Capital, Dragonfly, HashKey, and GSR, the protocol has successfully raised millions to lead Bitcoin’s DeFi movement.
❗ What went wrong?
This week, the Taker Protocol launched its highly anticipated $TAKER airdrop, but instead of rewarding early supporters, testers, and liquidity providers, the entire allocation was given away to Binance Alpha users based on a private points system.
🔴 Over 90% of the real farming community testnet users, influencers, and on-chain participants walked away empty-handed.
Airdrop :
- Not publicly announced in time
- No clarity on eligibility
- Preference given to a select group over the wider community
This sparked outrage on X (formerly Twitter), with users and influencers tagging @TakerProtocol and calling it a “scam” in their comments.
Community response: “We were used”
One community member expressed his frustration in a detailed thread:
- “We collected money, paid the gas bill, and followed up on updates for months—but we were ignored while insiders benefited. It feels like a betrayal.”
Influential people are calling on everyone to raise their voices and boycott such airdrops. The neglect of genuine community efforts has turned a successful launch into a public relations nightmare.
Real problems beyond the airdrop
- High bridging fees during the testnet phase
- Complex claim processes through centralized exchanges
- Complete silence from the team after the backlash
Many believe this was merely a marketing ploy to create short-term excitement.
Our Analysis and Forecast (but DYOR!)
The Taker Protocol boasts impressive technology and solid venture capital backing. However, in the world of Web3, the community matters more than anything. If they fail to handle the current backlash openly, it could severely undermine trust and impact the long-term value of $TAKER.
Forecast: Although some short-term excitement could push the price of $TAKER higher, this backlash could quickly lead to a sell-off if the team doesn’t take immediate action to handle the situation.
Famous crypto influencer Tabraiz Shams also said that
As we all know, a lot of airdrops these days are turning out to be scams — and today, we have another one to add to the list: @TakerProtocol ❌
They handed their entire allocation to Binance Alpha users, while a whopping 90% of genuine farmers — including influencers — were completely overlooked.
📛 Zero transparency
📛 No fairness
📛 No respect for the community’s hard work
This time, I’m calling on all influencers to unite and raise our voices. Please share this with your followers so they can steer clear of such unfair projects.
https://ae.linkedin.com/in/mohamedatefelmelegey
Mohamed Atef Elmelegey – GPHR , SHRM-SCP
