Are Testnet projects/airdrops profitable ?

?

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Quote from: btcltcdigger on February 05, 2025, 02:41:01 PM

Before yes, very much, nowadays, not really. Too many people farm them with hundreds if not thousands of accounts.
And it's shilled everywhere, so you get like cents now. Maybe few bucks if you're lucky

I agree, cheaters go as far as using bots in farming most of this projects.

Publictalk792

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Cryptocurrency world is known for being unpredictable and success and failure of Telegram projects show this. It is interesting to see how people who invest in cryptocurrencies are now excited about testnet projects and airdrops even though they did not think they were worth their time before. Berachain is one project that is getting a lot of attention especially since its airdrop checker is now available and it is about to be listed. And there are many projects are in the market and I think it is not easy to invest in every project or have time to work on all of them. If we focus on one project which is good and have some good investors and have good fund raising so we should focus on them. Others are the waste of time.

SilverCryptoBullet

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Quote from: ? on February 05, 2025, 01:31:35 PM

After the rise and fall of Telegram projects we’ve seen how quick people can switch from hyping projects to attacking them ( i agree these projects deserved the attacks ). Farming new projects was seen as total waste of time but surprisingly farmers are hyping up testnet projects/airdrops now claiming they are the next big thing.

If you can receive coins, tokens by doing testnet tasks, it's good and actuall profitable.

Why I say so?
Because with testnet, you can claim testnet coins, tokens and use them for testnet tasks without any cost. You don't have to buy testnet coins or tokens, they are free.

Oppositely if it is main net coin or token, you will have to buy it for paying on chain transaction fees, it will cost you some thing and if at the end you won't be eligible for airdrop distribution, it's unprofitable.

$crypto$

legendary

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Quote from: albon on February 05, 2025, 04:33:59 PM

Quote from: ? on February 05, 2025, 01:31:35 PM

i would like to know if anyone here participated and what the price could likely because i’m contemplating investing in it or not.

I have heard about this project for more than a year ago, but I am not sure if I participated in it or not. I will check their official accounts on social media to see if I qualify for their airdrop.

Berachain was already a year ago if I'm not mistaken, when it first appeared, I participated in the testnet for several months to collect a lot of tx in their dapps, but I stopped when the Berachain developer said there would be no token allocation for the testnet, so I decided to stop until I forgot.

The testnet allocation is only 8,250,000 (1.65%) while there are many joiners --- there are still many people complaining about this small allocation.

terrific

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Quote from: ? on February 05, 2025, 01:31:35 PM

After the rise and fall of Telegram projects we’ve seen how quick people can switch from hyping projects to attacking them ( i agree these projects deserved the attacks ). Farming new projects was seen as total waste of time but surprisingly farmers are hyping up testnet projects/airdrops now claiming they are the next big thing.

They are attacking it now because of disappointment. Many have farmed those airdrops from the TON network because they seem on the hype but then, it didn't last too long. And that's why they are now attacking them for not being profitable and wasting their time. But, that's part of finding good airdrops.

Quote from: ? on February 05, 2025, 01:31:35 PM

Testnet projects like Berachain, Mitosis and Sahara AI keep showing up on my feed and it seem investors might really go hard on these projects as they look promising especially Berachain which airdrop checker is out now and i heard it’s getting listed tomorrow but i would like to know if anyone here participated and what the price could likely because i’m contemplating investing in it or not.

I want to say enough about a project that's too promising on my perspective. Not all of them that have the potential really got to the top. But if this is the project that you're trying to check out and shill in there, many won't follow your suit.

albon

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Quote from: ? on February 05, 2025, 01:31:35 PM

i would like to know if anyone here participated and what the price could likely because i’m contemplating investing in it or not.

I have heard about this project for more than a year ago, but I am not sure if I participated in it or not. I will check their official accounts on social media to see if I qualify for their airdrop.

Frankly, it has been a long time since the Telegram airdrops, and I have completely retired from this field because it feels like a waste of time; although anyone can profit from it, it depends on luck. That's why I prefer to focus on things that bring guaranteed returns for me rather than this.

Testnet projects, although participation is free, may have airdrops that are not guaranteed or fruitful, just like the Telegram airdrops.

As for answering your question, you alone can answer it after you see the strength of the project and its technology, the community’s interest in what it provides, and the actual use cases the token is associated with. Then, you can decide whether to invest or not.

Liquid Flower

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Wow, people really will jump at anything just to get in early! You crypto people really know how to party. Cheesy

Quote from: Stable090 on February 05, 2025, 03:49:28 PM

Quote from: ? on February 05, 2025, 01:31:35 PM

After the rise and fall of Telegram projects we’ve seen how quick people can switch from hyping projects to attacking them ( i agree these projects deserved the attacks ). Farming new projects was seen as total waste of time but surprisingly farmers are hyping up testnet projects/airdrops now claiming they are the next big thing.

People that participated in Telegram mining, their expectations were just so high during that period, and they ended up being disappointed after most of those coins did distribution. What I notice about people that participated in Telegram mining is that most of them were new to the crypto space, and they don’t really know how all this airdrop thing operates, they just wanted to make money. When participating in an airdrop, always make sure your expectations are low, in case they don’t pay well, you won’t really be disappointed.

Testnet is not really new like Telegram mining, it has been available for some time, and people have been making money from it. What people should understand is that even some Testnet airdrops are still going to disappoint people, so not all Testnets do end up paying well, some are not even going to pay at all.

Stable090

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Quote from: ? on February 05, 2025, 01:31:35 PM

After the rise and fall of Telegram projects we’ve seen how quick people can switch from hyping projects to attacking them ( i agree these projects deserved the attacks ). Farming new projects was seen as total waste of time but surprisingly farmers are hyping up testnet projects/airdrops now claiming they are the next big thing.

People that participated in Telegram mining, their expectations were just so high during that period, and they ended up being disappointed after most of those coins did distribution. What I notice about people that participated in Telegram mining is that most of them were new to the crypto space, and they don’t really know how all this airdrop thing operates, they just wanted to make money. When participating in an airdrop, always make sure your expectations are low, in case they don’t pay well, you won’t really be disappointed.

Testnet is not really new like Telegram mining, it has been available for some time, and people have been making money from it. What people should understand is that even some Testnet airdrops are still going to disappoint people, so not all Testnets do end up paying well, some are not even going to pay at all.

AVE5

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Quote from: ? on February 05, 2025, 01:31:35 PM

( i agree these projects deserved the attacks ). Farming new projects was seen as total waste of time but surprisingly farmers are hyping up testnet projects/airdrops now claiming they are the next big thing.

You can't say farming on new projects are waste of time because every other coins that has seem good and reliable today had sometimes had a begining of being a new coin. Instead, it'd go better if you say farming on new coins is risky because it's difficult to locate reputable coins due to how they all happens to have same marketing strategies of hyping on the motive to acquire the project values and also acquires volume of community users.
I guess you don't mean to say we've reached an end time to see new dependable coins again because as much as I know, the Solana blockchain had proved it Worth of producing some good MemeCoins but then I'm not going to be specific of what Coins because I wouldn't want a misconception that would be misleading.
Just bump into the market limitedly to what your risk can bear.

btcltcdigger

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Before yes, very much, nowadays, not really. Too many people farm them with hundreds if not thousands of accounts.
And it's shilled everywhere, so you get like cents now. Maybe few bucks if you're lucky

Aanuoluwatofunmi

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OP the best answer for now has been given, they are not of value, so don't take them serious even if the hype on them were much that they started convincing people for going into them, there might be a different intentions for them to be doing so, some may want their testnet to get noticed together with their platform, while some are even promoting their sites by offering for free a speculated amount of testnet for free, imagine all these, they are not real values and even airdrops are more better in value than testnet coins, as said earlier, for now, they are of no value.

BaronDheist

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Some people do not know what this is. Are you "getting paid" with a promise of future credits, or literally test tokens on a testnet which are not originally intended to have value?

?

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After the rise and fall of Telegram projects we’ve seen how quick people can switch from hyping projects to attacking them ( i agree these projects deserved the attacks ). Farming new projects was seen as total waste of time but surprisingly farmers are hyping up testnet projects/airdrops now claiming they are the next big thing.

Testnet projects like Berachain, Mitosis and Sahara AI keep showing up on my feed and it seem investors might really go hard on these projects as they look promising especially Berachain which airdrop checker is out now and i heard it’s getting listed tomorrow but i would like to know if anyone here participated and what the price could likely because i’m contemplating investing in it or not.

Topic: Are Testnet projects/airdrops profitable ? (Read 83 times)