Lockdrop is a new method of distributing tokens without raising money similar to an airdrop, but it incentivizes participation in a network. The purpose of a lockdrop is to distribute a new network's tokens to a wide variety of holders or participants. Lockdrops are created through a smart contract, which mints or creates a new token in exchange for holding another locked token. After a certain amount of time, the token holder can claim both their locked tokens and new tokens.

Lockdrop should be compared to airdrop, which was the first method to widely distribute crypto assets without raising money. Basically, airdrop sent tokens to random addresses for free in the hope that if more people had the token, more people would care about it and the project. In practice, however, most airdropped tokens were quickly sold or kept in wallets.

Thus, a lockdrop can be thought of as a modified version of airdrop with a required action or non-monetary cost, which is the opportunity cost of temporarily locking your cryptoassets. Although your cryptoassets are not spent or burned, the idea that you cannot use them for a period of time shows at least some level of commitment to the project.

An example of successfully finished lockdrop is the carried out by Astroport. Its lockdrop consisted on locking LP tokens in its Astroport platform, where users received a drop of ASTRO tokens for their LP supplied on it and depending on the time of locking.

The lockdrop consisted of 3 main phases:

• Phase 0: For LUNA holdings and other LP loopers.
• Phase 1: An AstroDrop or “lockdrop” to Terraswap LPs who migrate Terraswap LP tokens from Terraswap to Astroport for a user-selected trial period
• Phase 2: An AstroDrop to Astrochads who supply ASTRO and/or UST to the ASTRO/UST pool on Astroport

Now, we will do some analysis of how are the ASTRO situation in order to see what happens after a lockdrop. For that, we will analyze the following metrics within the last 2 weeks:

• Amount of daily active users and cumulative over time
• Amount of daily number of transactions done and cumulative over time
• Amount of daily volume and cumulative volume in USD over time
• Daily users vs daily volume

From these differents charts obtained, we can extract the following:

• The number of active users have been increased over time. While the numbers during first week were below 1k users, for the second week the number of active users were always higher than 1k. The total active users have exceeded the 16k.
• About transactions, we can see like 2 or 3 different waves where the number of transactions increased dramatically. These waves are done in January 11th, January 16th and January 21th. From that, we can see a that these waves are done every 5 days, maybe a coincidence, but we will take a look on it later! About the number of transactions on these days, the big day was the 21th with more than 2100 transactions. We can see as well that the amount of transactions have been increased from the starting datess.
• For the volume analysis, despite we can see the three wavws mentioned in transactions analysis, we can also see 2 big movements of volume apart from that waves that the volume was so higher. While in the waves the volume was around 2M, for these 2 big movements, the volume more than 20M!
• Finally, for the comparison between users and volume, we cannot appreciate any correlation between these metrics. It could be because of these 2 large days of volume.

To conclude the whole analysis, we have seen that there are a lot of active users involving ASTRO token. We have seen as weel that it seems there are waves between time periods of 5 days that could be caused by the lockdrop. As mentioned in the text above, users who participated in the lockdrop are receiving ASTRO rewards every second. Maybe, the average time they want to get the rewards are nearly 5 days, who knows. However, thebtransactions not only are affected by the rewards because we have taken into account buys and sells and the rewards can only be sold. Then, there are some other aspects that cause these waves, we will need to find why people are doind this.