I have taken part in many of them and since 2018 there have been some that paid a few tokens that I am still holding and many had failed, didn't pay or never reached an exchange.
With the ending of the ICOs in 2018 almost all startups
I think that airdrops are required to increase the base of holders and supporters for a startup cryptocurrency project.
It helps the new projects in many ways and it is the best marketing for them. Airdrops help a project like this:
- Social media numbers and followers
- Better distribution in many wallets
- Better fanbase
- Advertisement and brand name recognition
For the last two years, there have been only a couple of airdrops distributed to participants' wallets and there have been a few even asking for KYC something that I'm not willing to do but it is up to how someone values his private data. Energi was a project that paid good airdrop and required KYC.
Airdrops will get better as long as the altcoin market is rising and new projects appear. Although with DeFi what happened left me uninterested as many scam projects instantly appeared in a couple of days.
Startups should have a better selection of how airdrops are distributed, excluding certain behaviors, and having a secondary selection of people that have the potential to help the project and provide additional value.
The UNI airdrop was distributed to anyone that used this platform. It is how airdrops should be performed to exclude thousands that would only care to dump at any price and did the minimum to help.
A quiz, participation in AMA, and getting knowledge of the project is more important. Airdrops should be active and have something more than just follow on social media.
I expect in the new year thousands of new startups to appear in the cryptocurrency space and perhaps a revival of the ICO is possible. We can now better identify the scams and expose or ignore them and follow the startups that are developers trying to create something that could help the world.
Airdrops will be more important soon again.
Lets really hope that this would happen again soon because most Airdrops right now are just getting KYC's then they will come up with a news that would cover up their wrongdoings even though its just clearly getting information out of users. Airdrops were essential to boost the hype on most Alternate Cryptocurrencies in the year 2017-2018 and must be kept that way if they want to properly promote new Cryptocurrencies.