As all this airdrop madness ensues and continues to make exponentially less sense I just want to give a word of warning to all everyone who is looking for the next airdrop to get in on:
Please seriously consider before sending Eth to anyone!!I am making this post as, as most of you have probably seen, this 'airdrop' fad has gone from silly to downright absurd and now people are requestin that participants send in a 'small amount of eth' to verify that they are in fact real people and not trying to 'game the system', if anything, this is the people releasing these coins 'gaming the system'. The majority of these coins are just copy and paste jobs.
The contracts are the same, the coins have little to no function and the 'devs' have little to no background information. Guys, do the maths, if someone is running an 'airdrop' and
only asking for .002 from 5000 people, how much does that leave the dev with before he or she has to dump the coin?
.002 x 5000 = 10 Eth.... 10!!
While it may not be groundbreaking stuff, think about it, at today's current price that is pretty much $3,000 = half a full Bitcoin. Now, consider than most people expect Bitcoin to reach $10k by the end of this year and you realise that these guys can easily pocket up to $5k without doing anything but buy a domain and copy/paste some code into a smart contract.
My basic point from all this is that you are basically participating in an ICO with no research, no whitepaper, no roadmap and absolutely no purpose, and the only way this insanity is going to stop is if people stop buying into all this BS.
Personally, I genuinely believe that the majority of these tokens have been made by the same person/team of people and they are pulling a fast over on many newbies to the industry.
I'm gonna take a guess and theorise that most of the people who have been donating to these things are newbies to this and that the majority of seasoned traders etc would have more sense than to donate to a completely undocumented project.
Guys, we need this to stop.
As a rule of thumb, do not send eth to these 'airdrops', if you have to pay it is not an airdrop, it is an ICO
Anyway, call it a rant, call it advice, call it what you like but we need to really make a stand as, as I have said many times before, these seemingly innocous '
projects' cause harm to the crypto industry as a whole and especially the Ethereum blockchain/technology. We need to make it so that shit coins are not popping up and making people a quick buck.