Airdrop Events, Testnet Events is not an investment! - page 2.

abel1337

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Quote from: danherbias07 on August 29, 2023, 08:40:26 AM

Quote from: Lorokan on August 17, 2023, 01:01:53 PM

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.
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.

There are so many different kind of crypto influencers out there, it should be our responsibility to choose who to follow and learn how to be responsible in things that we do because of the influencers we follow. Blaming them is just non-sense, they also mostly wouldn't be affected by your blames. Always check what you are doing and filter out the influencers you are following. First thing to do is to unfollow those paid influencers since they are mostly the one who don't make any sense and would put you into trouble.

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.

justdimin

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Quote from: danherbias07 on August 29, 2023, 08:40:26 AM

Quote from: Lorokan on August 17, 2023, 01:01:53 PM

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.
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.

That is such a good approach and should be remembered for a long time as well. I can easily say that it is going to end up with a situation where it will not be that simple and we could end up with a solution that would be a bit different on the long run. I think it is a trouble for people not to be careful about it, and if they are not careful about it then they are going to lose a lot of money and blame the projects and the team and the community and all that when they lose money but not themselves.

If you invested into something that made you a loss, you should only blame yourself and not anyone else, it is not going to be something that you could make profit from and you are going to end up with a trouble one way or another.

danherbias07

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Quote from: Lorokan on August 17, 2023, 01:01:53 PM

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.
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.

cryptoaddictchie

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Quote from: LogitechMouse on August 29, 2023, 02:47:42 AM

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. but after seeing this one, I think I will be back in the part where I'll be hesitant in doing it again

Well its up to you actually. These testnet are trials and error anyway. Some could got big money too or low. It really depends, its not like a promise good reward so it was also always a risk.

Quote from: LogitechMouse on August 29, 2023, 02:47:42 AM

Speaking of free money, those who are joining these kind of activities more often must lower their expectations. There's no free lunch here.

Yes, if they did joined testnet like these, they should not expected so much since its a testnet. Maybe for me try less participants or less noise projects to be sure of a good rewards.

LogitechMouse

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Quote from: cryptoaddictchie on August 18, 2023, 06:09:53 AM

Quote from: Godday on August 18, 2023, 05:32:06 AM

I've participated in several airdrops. And it's great when you get paid even if it's just a few dollars. But since I have to do KYC and the tasks are quite difficult, I think Airdrop is no longer relevant.
And for influencers it is very necessary to educate their followers about what they are promoting. Even need to tell that this testnet is not paid. I think openness is important here.

If you have done sei testnet and linea for sure it will be understand the frustrations on sei community since it takes a lot of time to do the tasks and that took like more than 10 months. Then youll received few $, a lot of my friends did the sei anf completed it. Some of them say, they wont do any hard testnet anymore due to the kind of rewards they did received.

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. but after seeing this one, I think I will be back in the part where I'll be hesitant in doing it again. I mean we only have limited time, and we are maximizing it, and trying to use it to gain some money, and yet they are being rewarded with a small amount dollars. It isn't worth it.

As for the influencers, they don't care if we as followers are getting scammed either buy spending money or spending time into the projects that they're promoting as long as they are getting paid in advertising that project. Who cares about us? They're the least ones that will care about us. There might be some who are educating, but it's more of an advertising. As for airdrop events, and testnet events as an investment, it's still an investment. You didn't invest money doing it, but you did invest time so that you can earn free money.

Speaking of free money, those who are joining these kind of activities more often must lower their expectations. There's no free lunch here.

adaseb

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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.

GreatArkansas

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Quote from: Apocollapse on August 18, 2023, 05:17:08 AM

If there's something easy to be done, it's mean everyone can do it. Why the project need to give a big reward if everybody including a ten years old kid can do same? You must know someone get paid based on their job, if there's a barrier to entry, obviously only some or few people can do that and they will get paid accordingly.

Stop think you can get rich through easy thing, wake up.

Exactly. A lot of people are wasting their money and time just to hoping to be airdropped on some projects.
What they are doing right now is just gambling, they don't know if they will get rewarded or not while they are already wasting their precious time and money playing on these different platforms.

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Quote from: Godday on August 18, 2023, 05:32:06 AM

I've participated in several airdrops. And it's great when you get paid even if it's just a few dollars. But since I have to do KYC and the tasks are quite difficult, I think Airdrop is no longer relevant.
And for influencers it is very necessary to educate their followers about what they are promoting. Even need to tell that this testnet is not paid. I think openness is important here.

At first I also liked participating in the airdrop, because I have to admit that what was done was quite easy, it was clear that the most important thing was that they paid properly and correctly. but after being exposed to consecutive lies, finally you have to be willing to accept not to follow again.
I think you are right that taking part in airdrops is very fun because of the convenience, but if, as you said, at this time you have to do KYC, of course, the rules that have been made are difficult, maybe their actions are to prevent someone from playing fraudulently with double accounts.
but in the end it was returned to the individual, but it is clear that I will definitely avoid any airdrop.

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Quote from: nelson4lov on August 17, 2023, 06:33:39 PM

The feeling of entitlement is bad and evident in almost all sectors not just crypto airdrop community. It is a reward that can be given or not be given. I know plenty of people who only indulge in crypto only for airdrops. These set of people always feel entitled to rewards even though the protocol in question didn't confirm that there would be an airdrop.

I remember the good old days where people interact with these chains without the expectations of being rewarded and the rewards then used to be tangible. Now, it is saturated and filled with farmers with entitlement.

It is reported that the sei team had at about 3% of their tokens for testnet events and airdrop; with such public data can we say that participants are entitled? since the team themselves offered "hope" to some extents.

I think one way to tackle this and solve it is by ensuring transparency; for example the layer zero platform amonsgt others (including Scroll) have been skeptical about an airdrop event. So far this year; Only SUI has handled expectations of followers exceptionally; do you think it is a good template for others to utilize?

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Quote from: Lorokan on August 17, 2023, 01:01:53 PM

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.)

My friend has been spending almost 1 year in this shit and he got nothing as he was not being eligible even to receive some token that is worth penny. The bad habit of hunters. They were thinking their effort will always be rewarded while airdrop still pure speculation. If the dev would be honest and the participant will be reward but if it goes in the different way and it will be another sei.

Quote from: Lorokan on August 17, 2023, 01:01:53 PM

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 don't think blaming those influencers is something wrong. Those influencers were always tweeting about the project by saying "blablabla never miss A airdrop that potentially give you xxxx USD". I do agree if DYOR is a must but hunters lost nothing.
They were only wasting their free time to speculating airdrop.

Quote from: Lorokan on August 17, 2023, 01:01:53 PM

I am open to differing opinions on this issue; what do you think ?

It's really hilarious to see hunters were calling anything scam once they were not rewarded. It sounds like they didn't know the risk participated in the speculation event like test net testers or retrodrops.

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Quote from: rhomelmabini on August 17, 2023, 05:51:43 PM

Well, it will not be the norm now to have these $10k airdrop narratives, but I guess that was just one messed up airdrop and the SEI team didn't handle it well. Probably it's an eye opener to everyone that it's not always sunshine for these airdrops and testnet events and only a handful airdrops will incentivized you for good.

I only got an amount of SEI that is good for a couple of Starbucks frappucinos. I’ve joined last April and have incomplete Blocked tasks (16 of 18 including the Humanode).

I wasn’t expecting much because I have missed the most of their previous events like the Act 1 to 4 and Atlantic-1 testnet. I was just in the Atlantic-2 and my efforts are not complete until that snapshot.

It’s still free money for me though. A gift perhaps and I am just grateful. I still continue to doing L1, L2 and L3 airdrops in both testnet and mainnet.

Like what Arbitrum, Optimism, Blur, Aptos and Arkham did in the past that gave insane rewards, I believe there will be some “aces” out there. It’s difficult to hunt them, but at least we have a chance even if it means lesser rewards.

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Quote from: Godday on August 18, 2023, 05:32:06 AM

I've participated in several airdrops. And it's great when you get paid even if it's just a few dollars. But since I have to do KYC and the tasks are quite difficult, I think Airdrop is no longer relevant.
And for influencers it is very necessary to educate their followers about what they are promoting. Even need to tell that this testnet is not paid. I think openness is important here.

If you have done sei testnet and linea for sure it will be understand the frustrations on sei community since it takes a lot of time to do the tasks and that took like more than 10 months. Then youll received few $, a lot of my friends did the sei anf completed it. Some of them say, they wont do any hard testnet anymore due to the kind of rewards they did received.

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I've participated in several airdrops. And it's great when you get paid even if it's just a few dollars. But since I have to do KYC and the tasks are quite difficult, I think Airdrop is no longer relevant.
And for influencers it is very necessary to educate their followers about what they are promoting. Even need to tell that this testnet is not paid. I think openness is important here.

Apocollapse

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If there's something easy to be done, it's mean everyone can do it. Why the project need to give a big reward if everybody including a ten years old kid can do same? You must know someone get paid based on their job, if there's a barrier to entry, obviously only some or few people can do that and they will get paid accordingly.

Stop think you can get rich through easy thing, wake up.

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Quote from: Lorokan on August 17, 2023, 01:01:53 PM

Good day Everyone; i am making this thread to share my opinion about a trending issue and to also learn differing opinions as well.
This is about the #SEISCAM trend that has dominated crypto-twitter for the past 24 hours.

Quote

What Happened?

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.

Quote

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.
Influence-rs make promising test-net threads for engagement.
It is good to follow influence-rs who make promising threads about airdrop events; but be mindful that nothing is promised.
Nobody forces you to do an airdrop; Nobody forces you to perform testnet tasks; they are not an INVESTMENT; and you are not owned any explanations

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.)

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 will tell you about the recent airdrop from the sei ecosystem. The Sei allocated 3% to the testnet users from their tokenomics. That is 300M sei tokens. but the problem is they have not distributed all the 300M tokens. Currently, they have distributed only 20M sei tokens. That is not good for the Sei Ecosystem.

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I had already participation lots of airdrop and if i participate 100 free airdrop and completely all task done by airdrop rules than when my payments time and distribution airdrop token/coin than i got payments only 8-10 and very low budget allocation pool when any new project planning to airdrop budget for airdrop participation example if total allocation pool 100k and when payment time than they giving us only 5k-10k allocation pools and so many projects are doing scam without payments get opportunity from every airdrop hunters. And i never joining any events programme like this i have no ideas about event section.

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Quote from: Lorokan on August 17, 2023, 01:01:53 PM

Quote

What Happened?

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.

I am one of the early participants in the Sei tesnet network. I have done many previous transactions on their network, testing and experimenting with many different applications and projects on Sei Ecosystems, joining their telegram and discord, getting many roles, and constantly interacting with their posts on social media and the events they promote, and finally, after a long wait, After I connected my wallet to claim the airdrop, it appeared that my wallet address and Discord account were not eligible to receive the Sei airdrop. Unfortunately, I am disappointed, and there may be many like me in the same situation.

Quote from: Lorokan on August 17, 2023, 01:01:53 PM

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)

..ect

I agree with you on all of these points that you mentioned. For example, the Sui project did not do an airdrop for the early participants in their testnet network, as they listed their currency in Binance Launchpool only. So yes, there are no guarantees that the airdrop hunters in the testnet network can get an airdrop in the end, It is a matter of luck, and there is no guarantee that the value of the airdrop coins will be of great value or not worth anything in the end.

Projects owners this year have become very greedy Sad

JeffBrad12

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there's so many reasons why the devs themselves didn't disclose what qualifies for their airdrops and how much rewards they will be giving at their early stage of development.
that is to attract so much people into participating into their testing phase as well as trying their blockchain, they are taking advantage of the past successful airdrops and misled people into thinking
that they'd get tremendous rewards from participating into using their blockchain thats the reason many people are so committed into following their airdrops.
had they disclosed the rewards and the qualifier at very early, no one would be interested in trying out their blockchain.

nelson4lov

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The feeling of entitlement is bad and evident in almost all sectors not just crypto airdrop community. It is a reward that can be given or not be given. I know plenty of people who only indulge in crypto only for airdrops. These set of people always feel entitled to rewards even though the protocol in question didn't confirm that there would be an airdrop.

I remember the good old days where people interact with these chains without the expectations of being rewarded and the rewards then used to be tangible. Now, it is saturated and filled with farmers with entitlement.

TimeTeller

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Quote from: rhomelmabini on August 17, 2023, 05:51:43 PM

Well, it will not be the norm now to have these $10k airdrop narratives, but I guess that was just one messed up airdrop and the SEI team didn't handle it well. Probably it's an eye opener to everyone that it's not always sunshine for these airdrops and testnet events and only a handful airdrops will incentivized you for good.

For those newcomers, they need to face the reality that airdrops are not their savior nor should be the reason to uplift their economic status.
The situation is now different as compared in the early days of airdrops. You can truly earn good money from airdrops way way back.
I remember the days when the tokens you can get from these airdrops can easily be raded in etherdelta. And now, even ED is dead already.
Instead of chasing these free coins or tokens, better yet, improve your trading skills, look for actual job, or invest in top alts.
Most of the time, you will just be wasting time looking for these airdrops. If such time will be used for other valuable activities, you may get something positive out of it.

Topic: Airdrop Events, Testnet Events is not an investment! - page 2. (Read 373 times)