Topic: Airdrop Events, Testnet Events is not an investment! (Read 405 times)
I visited some tele groups about looking for airdrops and they actually expressed their disappointment to a negative level with SEI. Actually, I don't think this problem needs to be too serious because it's not any project. always brings generosity to the community, and the story of SEI bringing anger from the community will probably also be a clearer view of ambiguous projects about marketing programs to attract users, just be transparent from the beginning about the reward story so that those pursuing this job will not be further disappointed. But if it's a bit fair because I myself have also sought opportunities from airdrops, testnets,... then I have to admit that the tasks are too easy to repeat every day, so if I receive a large amount of money that's a great thing, but even if it's just a small amount of money, it doesn't matter because it's not a main job.
Expectation leads to disappointment.
I believe this is the right word tbh; too many expectations on airdrop events, testnet events etc is what leads to such form of entitlement by the airdrop participants. Also i believe project owners should devise methods to handle airdrop situations politely, such that there are 0 escalations that leads to media image tarnishing using arbitrum airdrop approach as a case study.
But still many gamble their faith just to try and get a possibilities to earn. Since Arb airdrop many are been hype again with recent airdrops and they didn't even notice that todays task is more riskier since many ask to connect your wallet to their platform then you are prone to get hack with that. So hopefully many will realize that they are just baited by some people who try to stole their balances so they must be more careful with this and avoid scam airdrops.
The rewards from airdrops vary and some of them really give a huge amount of rewards and it multiplies more for the people who live in some 3rd world countries. But we don't ignore the fact that most of them are not giving that much because others only give a penny or a dime depending on how big the project is. But for the people who participated in multiple Airdrops, I think this won't matter at all because at the end of the day when they want to withdraw and convert it to fiat, they're like harvesting fruits because they gonna convert all the rewards from other projects also and make it a decent amount of money.
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Below are statements that i think are true about Testnet events and Airdrops
- Airdrop events are free gifts from different projects to perform simple tasks (it surely varies
- The rewards from an airdrop event in most cases are speculative (there's no guarantee if it will be worth 1$ or 1000$ or worth 0)
- Test-net events does not PAY; either it is an incentivized participation or promised rewards; payment is not guaranteed.
- Test-net reward is not promised either.
If we really get tokens from events like that, I think the sooner they can be sold, the better. Moreover, if we meet the hype market for the coin and immediately sell it at the right time, then it might be more worth it. This is because up to now, new projects usually don't last long on the market and will immediately go into decline after the hype is over. In fact, if the project cannot be hyped, they will actually die before listing on the ID market.[/list]
Expectation leads to disappointment.
I believe this is the right word tbh; too many expectations on airdrop events, testnet events etc is what leads to such form of entitlement by the airdrop participants. Also i believe project owners should devise methods to handle airdrop situations politely, such that there are 0 escalations that leads to media image tarnishing using arbitrum airdrop approach as a case study.
I think when Zksync and Layerzero finally do their airdrop the result will be the same. There are way too many people participating in these airdrops that the reward is going to be nil.
Sure UNI and BLUR and ARB were very successful but these airdrops Gained so much attention that everybody is doing it with 100 different wallets. So their everyone will be labeled as Sybil or the airdrop reward will be very small.
Sure UNI and BLUR and ARB were very successful but these airdrops Gained so much attention that everybody is doing it with 100 different wallets. So their everyone will be labeled as Sybil or the airdrop reward will be very small.
I do think that when Zksync and Layerzero announce their airdrop; there will be little criticisms and also the airdrop will follow the arbitrum pattern; where everyone got rewards once they are eligible (even if you made just a single transaction on the arbitrum airdrop).
People should have some transactions and bridging eth to the arbitrum to be eligible for the airdrop.
For zksync, the airdrop will be rather straight forward; for layerzero; they have so many platforms and it is unsure yet which of them will be used for the criterias. but still i trust both zksync and layerzero to be more transparent in their approaches just like ARBITRUM.
The thing that i know if zksync already confirmed to have token in supporting the decentralization for its network but i don't know about layer zero. There's no clue regarding layer zero token. I remember some twitter accounts were hyping it caused by they have found something from layer zero github but it's not even related to the layer zero token.
There is a huge number of airdrop hunters, therefore, it is expected you will never get big rewards but just a penny.
If we could also understand that situation, I don't think we become disappointed about it knowing that this will happen to all the participants. Besides, airdrops don't make us earn more but just a penny or shitcoins. Well, airdrops before seem to be a money maker but these days, they are even quite useless and a waste of time. This is really be the life of airdrop hunters, sometimes we got lucky but most of the time we are too unlucky.
If we could also understand that situation, I don't think we become disappointed about it knowing that this will happen to all the participants. Besides, airdrops don't make us earn more but just a penny or shitcoins. Well, airdrops before seem to be a money maker but these days, they are even quite useless and a waste of time. This is really be the life of airdrop hunters, sometimes we got lucky but most of the time we are too unlucky.
Tarnishing image of project because you expected something and reward didn't turn out according to that expectation, is not the behaviour I encourage either. I'm in support of you, op.
This is why I only bother with platforms which I like and if airdrop happens it'll be an extra reward. Expectation leads to disappointment.
This is why I only bother with platforms which I like and if airdrop happens it'll be an extra reward. Expectation leads to disappointment.
I think when Zksync and Layerzero finally do their airdrop the result will be the same. There are way too many people participating in these airdrops that the reward is going to be nil.
Sure UNI and BLUR and ARB were very successful but these airdrops Gained so much attention that everybody is doing it with 100 different wallets. So their everyone will be labeled as Sybil or the airdrop reward will be very small.
Sure UNI and BLUR and ARB were very successful but these airdrops Gained so much attention that everybody is doing it with 100 different wallets. So their everyone will be labeled as Sybil or the airdrop reward will be very small.
I do think that when Zksync and Layerzero announce their airdrop; there will be little criticisms and also the airdrop will follow the arbitrum pattern; where everyone got rewards once they are eligible (even if you made just a single transaction on the arbitrum airdrop).
For zksync, the airdrop will be rather straight forward; for layerzero; they have so many platforms and it is unsure yet which of them will be used for the criterias. but still i trust both zksync and layerzero to be more transparent in their approaches just like ARBITRUM.
what matters is that just doing the retroactive, and not missing when airdrop is revealed since we've done our best to follow and gets qualified.
other than that, its better if they don't follow the path of sui even worst sei, though with sui even if it requires we to invest if we could get massive profit in almost instantly like sui then its even better.
but that might just be wishful thinking.
Several enthusiast joined the sei wave and participated in different testnet tasks and some ambassadorial roles to support the sei network and also provide valuable feedbacks to the team in hope of being rewarded; but when sei launched and shared rewards; majority got as low as 1$ up to 100$ while so many others received 0 which has lead to an uproared between enthusiasts and sei team.
Hey, at least it was something. I don't really understand what people expect from this kind of stuff, it's not like Testnet gave them an official contract where they'd be rewarded with x amount of money to feedback on their site. They probably have an internal team doing all the heavy testing in the initial phase, and this kind of public test phase is just a test run to see whether they missed some, and the keyword here is "some" since it would really be a small amount (if they have a proper dev team, which I assume they have). Can we blame the projects though? I don't think so. They can, maybe, promise immediately that they'd reward users only a specific amount, but that'd be kind of dumb on their side since they're getting free workforce for as low as a $1. It's not like any law obligates them to announce their rules. Man people's assumptions can be really scary.
My conclusion; i think it is fine to be disappointed if your efforts is not recognized or rewarded; but i also believe that it is not enough to push slur narratives on social media (it has no effects anyways.)
Before joining a free program like that, we should really understand that there is nothing that guarantees that we will get rewards. There are many people who have gone through the same thing for the umpteenth time, and there are many of them who understand exactly how it feels. But what is certain is that not all of the tokens or rewards from such projects will actually produce results. Imagine that from their hard work over a certain period of time there will be several people who might be able to take all the risks and ultimately achieve success. However, quite a few people get angry and end up giving up easily.However, if we blame other people for what happened to us, this is actually unfair. Because after all, we ourselves are responsible for what we decide to take a position on a certain coin at a certain rate. And we ourselves consciously participate in various programs that get certain rewards as transactions.
I think when Zksync and Layerzero finally do their airdrop the result will be the same. There are way too many people participating in these airdrops that the reward is going to be nil.
Sure UNI and BLUR and ARB were very successful but these airdrops Gained so much attention that everybody is doing it with 100 different wallets. So their everyone will be labeled as Sybil or the airdrop reward will be very small.
Sure UNI and BLUR and ARB were very successful but these airdrops Gained so much attention that everybody is doing it with 100 different wallets. So their everyone will be labeled as Sybil or the airdrop reward will be very small.
I do think that when Zksync and Layerzero announce their airdrop; there will be little criticisms and also the airdrop will follow the arbitrum pattern; where everyone got rewards once they are eligible (even if you made just a single transaction on the arbitrum airdrop).
For zksync, the airdrop will be rather straight forward; for layerzero; they have so many platforms and it is unsure yet which of them will be used for the criterias. but still i trust both zksync and layerzero to be more transparent in their approaches just like ARBITRUM.
Yes Testnet events are without investment and the user use the project function and give feedback so the project launch there mainnet so they give reward there early users .
Airdrop are different some Airdrops are full free without investment but some types Airdrop are need investment if anyone participate in this they are invest fund on Airdrop pay fee etc for minting bridge etc.
Maybe they don't require an investment (money) but you will still need to dedicated your time on them. I guess that is still considered as an investment. I have done a couple of them before and we are not require to give a feedback but as long as we already play around with the features of the platform, we are already qualified for a chance to win a reward.Airdrop are different some Airdrops are full free without investment but some types Airdrop are need investment if anyone participate in this they are invest fund on Airdrop pay fee etc for minting bridge etc.
Yes, I say that because I rarely get a reward from them so I think many of them works like a sweepstakes or something where they draw/raffle the winner randomly. It might still be part of the airdrops but only on a different category. Original airdrops only started from a simple task then a lot of variations have come out overtime. I still miss the old era of airdrops because my experience on them is much better than the others.
nowadays, everyone are fomo'd into following some of these airdrops that makes the participants number growing significantly if compared to the past, but that's okay since with the increase number of participants it just means that cryptocurrency becoming more and more popular.
also it aligns with many blockchain devs idea of airdrop in which gathering as much people into interacting with their blockchain though that also mean lesser rewards for those participants honestly.
so i'm almost sure that there will be no massive airdrop like the ones arbitrum have in the meantime.
TBH, I'm thinking of joining in these testnets because of the threads you've created regarding these projects that are doing some testnets etc.
In my opinion; i think it is only right to participate in testnet events if you find "worthy" ones; while there are many bad rewards in the crypto currency; if we look around without bias; there are also many good rewards from crypto currency too. Are testnets worth a try; the answer will be yes; is it worth a reliance ? No, and thats where people get it wrong.
right now too much people are participating into the airdrops, same with retroactive that requires you to pay for gas fee for interacting with various smart contracts, though it might have significantly smaller participants, but so far the active wallets in zksync and even layerzero are too humongous I don't think something like ARB airdrop and APTOS airdrops ever gonna be repeated again until sometimes.
right now if you see, there are simply too much people wanted to get rich from just doing simple task, take example is venom where there are so many testers trying to get qualified for their future airdrops despite the fact that its unconfirmed but I could easily say that the number of participants far surpasses 1 million wallets if i'm not mistaken.
simply put nowadays these aren't really profitable way of earning money anymore, everyone is participating and the allocated tokens are the same.
right now if you see, there are simply too much people wanted to get rich from just doing simple task, take example is venom where there are so many testers trying to get qualified for their future airdrops despite the fact that its unconfirmed but I could easily say that the number of participants far surpasses 1 million wallets if i'm not mistaken.
simply put nowadays these aren't really profitable way of earning money anymore, everyone is participating and the allocated tokens are the same.
Yes Testnet events are without investment and the user use the project function and give feedback so the project launch there mainnet so they give reward there early users .
Airdrop are different some Airdrops are full free without investment but some types Airdrop are need investment if anyone participate in this they are invest fund on Airdrop pay fee etc for minting bridge etc.
Maybe they don't require an investment (money) but you will still need to dedicated your time on them. I guess that is still considered as an investment. I have done a couple of them before and we are not require to give a feedback but as long as we already play around with the features of the platform, we are already qualified for a chance to win a reward.Airdrop are different some Airdrops are full free without investment but some types Airdrop are need investment if anyone participate in this they are invest fund on Airdrop pay fee etc for minting bridge etc.
Yes, I say that because I rarely get a reward from them so I think many of them works like a sweepstakes or something where they draw/raffle the winner randomly. It might still be part of the airdrops but only on a different category. Original airdrops only started from a simple task then a lot of variations have come out overtime. I still miss the old era of airdrops because my experience on them is much better than the others.
Yes Testnet events are without investment and the user use the project function and give feedback so the project launch there mainnet so they give reward there early users .
Airdrop are different some Airdrops are full free without investment but some types Airdrop are need investment if anyone participate in this they are invest fund on Airdrop pay fee etc for minting bridge etc.
Airdrop are different some Airdrops are full free without investment but some types Airdrop are need investment if anyone participate in this they are invest fund on Airdrop pay fee etc for minting bridge etc.
Also stop blaming influence-rs; if they make researches before making threads for readers; then as individuals, you should also make researches before joining any event (test-net or airdrop); while Remembering that nobody promised you millions for participating in their events.
I am open to differing opinions on this issue; what do you think ?
I do agree with what you said. I am open to differing opinions on this issue; what do you think ?
Don't blame anyone for risking your own money. First of all, we should do our homework first, on our own, and not just let influencers or social media bloggers do the job while some profit from just sitting and letting their money do the work.
As an average guy who gives importance to money, I won't just give away my money without making sure that it's a legitimate investment. There's always a way to check them out, the internet is broad and there might be people who already experience dealing with them with good or bad incidents, and that is where we could ask.
This forum is actually one of the good platforms to question one project and I have seen a lot of threads that were made here asking the questions that cannot be answered by Google.
Yes I think so too. I think most pple in crypto, especially newer members are riddled with the victim mentality and put very little efforts towards actually making proper research before investing in projects. I personally cant blame any influencer for any mishaps in my portfolio. I should be the one at fault for falling for his/her scam.
I am taking chances no matter what even if it’s just a very slim chance especially popular ones like LayerZero, zkSync Era, Base, Linea, Starknet and more.
I’m already aware of the risks and acknowledge it if something goes wrong like what Sei did to us. I’ve managed to start expecting less than more that would just reduce my “disappointment”.
I would just regret if I was surprised about a snapshot date of a project where I did not interacted or qualified in their criteria like the Arbitrum, Arkham Intelligence, Cyber and so on.
Testnets are indeed 100% free because you are not spending a single dime as it is a “test”. But for mainnet retroactive drops, “technically” you are investing to spend in gas fees, minting NFTs for qualification, etc.
I’m already aware of the risks and acknowledge it if something goes wrong like what Sei did to us. I’ve managed to start expecting less than more that would just reduce my “disappointment”.
I would just regret if I was surprised about a snapshot date of a project where I did not interacted or qualified in their criteria like the Arbitrum, Arkham Intelligence, Cyber and so on.
Testnets are indeed 100% free because you are not spending a single dime as it is a “test”. But for mainnet retroactive drops, “technically” you are investing to spend in gas fees, minting NFTs for qualification, etc.
Also stop blaming influence-rs; if they make researches before making threads for readers; then as individuals, you should also make researches before joining any event (test-net or airdrop); while Remembering that nobody promised you millions for participating in their events.
I am open to differing opinions on this issue; what do you think ?
I do agree with what you said. I am open to differing opinions on this issue; what do you think ?
Don't blame anyone for risking your own money. First of all, we should do our homework first, on our own, and not just let influencers or social media bloggers do the job while some profit from just sitting and letting their money do the work.
As an average guy who gives importance to money, I won't just give away my money without making sure that it's a legitimate investment. There's always a way to check them out, the internet is broad and there might be people who already experience dealing with them with good or bad incidents, and that is where we could ask.
This forum is actually one of the good platforms to question one project and I have seen a lot of threads that were made here asking the questions that cannot be answered by Google.
Airdrop testnets today are purely speculations, don't believe on those who said that it's a guaranteed airdrop because you all will end up being disappointed.
Airdrop testnets. Saying they're guesses reduces their exhilaration, like playing chance. Thats Finance lesson: "Dont trust anything that promises a guaranteed return". So jump into the airdrop depths with your eyes open and ready for anything. A little skepticism can save major disappointment. Lets mature together and stop blaming others. Even if we're angry, let's talk. So, be focused, dont follow, and be responsible. But lets also hold powerful people accountable. After all, its two-way.
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