Seeing @OGDfarmer's thread about @Azuki is quite interesting. Based on his thoughts, he thinks @Azuki should airdrop 40-60% to the community as it did 0 VC raises. 

However, in my eyes, a project like Azuki doing 0 vc raise is giga bearish. They have literally zero revenue besides their azuki mint, royalties before blur came along and elemental beans mint. Yes, they raised a significant amount of money but we all know how web 3 teams blow through money. I would assume the reason Azuki team did such an expensive mint for elemental beans in 2023 was because they had blown through all of the money from the azuki mint + royalties (insane right? blowing through 8+ figures that quickly). Therefore, their next method of raising was through elemental beans since royalties from sales has absolutely halted after the royalties change from marketplaces.

Shortly after the elemental beans raise, we hit a drastic bear market where ETH was at a very low price. If the team had stabled that money around that price as any responsible team would do or not (eth remained low for months and months after), they would have had to use that elemental beans money and survived off that for the past 1.5 years. If I had to guess, Azuki has a high burn rate due to their significant staff, expensive real life events, and who knows what else. This leads me to think once again the Azuki team will need to raise from the community similarly to what @CharlotteFang77 had to do for @MiladyCult.  

So personally, I expect a presale/raise of some sort once again from the community for $ANIME. I would be SHOCKED if it was just a community airdrop like $Pengu and @pudgypenguins because they had the funds raised from VCs. So all this @Zagabond talk about no VC bla bla is bearish af to me and i'm ready for the community to be in riot once a presale is announced.

So suree, maybe azuki holders get 40-60% airdrop, but itll come at the expense of having to give ETH up similar to Elemental Beans mint and I know myself and many others have giga PTSD from that. Maybe i'm wrong, but this is my thesis. :)