can someone explain to me the motive behind airdrops?

armanhusni

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Quote from: Christinebeauty on May 24, 2019, 03:58:12 PM

I'm still wondering why developers will organize airdrops and distribute an amount of tokens which is far lesser than the minimum amount of the tokens that can be deposited on an exchange for trading. If you don't want the users to cash out the money, why do you let them waste their time?

airdrop is one of the strategies in a project to get followers, subcribber, visitors on various social media they have ... and they make airdrop a part of a marketing strategy to promote and make their project viral on social media ... even though they have to spend a lot Tokens for a number of airdrop participants ... but when the process of distributing extremely worthless tokens received by airdrop participants ... because of the number of participants and the amount of token allocation equal to the amount ...

coinswebid

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Quote from: Christinebeauty on May 24, 2019, 03:58:12 PM

I'm still wondering why developers will organize airdrops and distribute an amount of tokens which is far lesser than the minimum amount of the tokens that can be deposited on an exchange for trading. If you don't want the users to cash out the money, why do you let them waste their time?

simple, airdrop is a part of strategy to spread the word for any cryptocurrency project
because all airdrop participants will always promote their airdrop tokens or coins. so, they can sell it in good price
thats my opinion

carrie_white

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airdrop is a strategy to introduce new coins by sharing them for free, of course I cannot be denied that the coins distributed free of charge will attract people's attention, and the goal is for those people to be interested in knowing what the airdrop coin project is

Turk Ace

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If the airdrop is for a project that has a use for its token/coin then it is worth doing since you can test out their system and see if it comes to your standards and if thigns work as they say it does. With an airdrop you can try all this for free, you can then decide whether to proceed with further purchases of the currency or not.

styca

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The point of airdrops is promotion of the new project. They give out a small quantity to as many people as they can, in the hope that some of them will start talking about it and maybe some will get interested enough to buy some as well. I'm not sure how effective it is, but that is surely the aim.

mr_random

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Airdrops are useless unless you have a deeper connection with the team. It does not worth time to fill the airdrop form and expect someone will send your reward. I prefer to be a part of the bounty campaigns, airdrops are not my interest.

Ferris419

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Airdrop is a very good way to promote a project. Sometimes it does better than bounties! Airdrops like Hydro, Rebellious, NOBS Crypto made a huge buzz and hype and those Airdrop coins still have a better volume than many big successful ICO project. t this moment project arrange airdrop to get an active member on the community and it is really a good way to make a positive vibe for the investors! Everything has a good and bad side, Here I am talking about the good Airdrops!

khimer_rangers

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BountyMarketCap

I think Airdrop is no more a strategy than promotion and growing their community, they always send a small portion and they don't want you to sell it but hoping you will buy more, when we join airdrop, we know directly about the project.

mammoniter

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Quote from: Christinebeauty on May 24, 2019, 03:58:12 PM

I'm still wondering why developers will organize airdrops and distribute an amount of tokens which is far lesser than the minimum amount of the tokens that can be deposited on an exchange for trading. If you don't want the users to cash out the money, why do you let them waste their time?

I think the main purpose of airdrops is publicity. Its like a free taste in a supermarket wherein you will decide to buy the product if it taste good. Just like in crypto, they will use airdrops and when you think the coin has a potential, you will be attracted to buy more during their presale. Its all about marketing strategy.

Seth2009

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Quote from: akamit on May 24, 2019, 04:14:23 PM

Quote from: Christinebeauty on May 24, 2019, 03:58:12 PM

I'm still wondering why developers will organize airdrops and distribute an amount of tokens which is far lesser than the minimum amount of the tokens that can be deposited on an exchange for trading. If you don't want the users to cash out the money, why do you let them waste their time?

It's a bad marketing strategy in my opinion.

Let's say if they sent 1m token to 50k addresses then maybe almost 50k peoples will know about the project and those 50k peoples will probably look for the price and will also try to learn more about that project.

Maybe some peoples will convert and will do promotional works (bounty) for them to earn more of those tokens. And from promotion, they may get investors to get funded up their project.

They send such low amount because they don't want peoples to dump the tokens when they will list the token in exchange. It's just a marketing startegy imo, and win win thing for them.

Airdrop is another way to attract and to spread information of the projects... For the dev team it is the easiest way to promote their platforms.... Some airdrops really worth it like last 2017..almost airdrops that time really gave profits..but today aside from giving small amount of tokens they gave it too long after ended.. Its already a waste of time and efforts.. And now some airdrops are scam or just making more followers for they social media accts...

odukoyaewatomi27

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I really do not like to participate in airdrop because most of these airdrops are worthless and the ones that are not worth less are just to rob the public of their data and privacy. But if I see airdrops of very good projects then I will participate and HODL the tokens long term.

bitcoindusts

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Quote from: Christinebeauty on May 24, 2019, 03:58:12 PM

I'm still wondering why developers will organize airdrops and distribute an amount of tokens which is far lesser than the minimum amount of the tokens that can be deposited on an exchange for trading. If you don't want the users to cash out the money, why do you let them waste their time?

Let’s not forget that reason they do it for their own benefit and not the participators. Why would they care if participants get only cents from the tasks they ask them to do? Participants should think, calculate how much they could get and the time and effort they need to give and its up to them if it is worth it then let them be if not let them not. Airdrop is promotion.

Chicky213

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I also wonder same, I believe the airdrop is needed to create massive awareness for the projects and also promote their social media handles. However, the reward issued to the participants isn't encouraging at all. People receive like 1$ or 2$ as reward which is worthless cause it cannot even be withdrawn from an exchange after managing to trade the coin.

Coroline

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Quote from: Christinebeauty on May 24, 2019, 03:58:12 PM

I'm still wondering why developers will organize airdrops and distribute an amount of tokens which is far lesser than the minimum amount of the tokens that can be deposited on an exchange for trading. If you don't want the users to cash out the money, why do you let them waste their time?

it is a strategy that they distribute airdrop to many users even though it is given not how much they just want to attract people's attention that their project is well known to people

tabas

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Top Crypto Casino

That's the catch, they will send you a very tiny amount of their tokens so that if you see the value of it grows you will be forced to buy more of it so that you can deposit it to any exchange and start trading with it. They basically send you those tokens as part of their marketing, there's no other intention of that, it's pure marketing.

Lexurdania

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Quote from: arifteguhr on June 06, 2019, 08:07:33 PM

Promoting the program extensively on social media and to add to their community. because every project requires following their official and also joining the telegram so that it will indeed add to their community. this is a quite effective way to increase followers and introduce to many people

Indeed, with airdrop, developers team want to expand their community. More peoples join in their community, its more good for their ecosystem and if new people interesting to invest, it will increase on their daily transaction volume

arifteguhr

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Promoting the program extensively on social media and to add to their community. because every project requires following their official and also joining the telegram so that it will indeed add to their community. this is a quite effective way to increase followers and introduce to many people

starblocks

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Airdrops are ideal for anyone who is interested in participating in a free giveaway and some only require you to complete very basic tasks to receive a reward, and these promotions are designed to help a startup expand its initial customer base, social media presence and token distribution

Oilacris

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Quote from: Christinebeauty on May 24, 2019, 03:58:12 PM

I'm still wondering why developers will organize airdrops and distribute an amount of tokens which is far lesser than the minimum amount of the tokens that can be deposited on an exchange for trading. If you don't want the users to cash out the money, why do you let them waste their time?

If you do know on why airdrops are being created on the very first place then you wont really say such thing. Airdrops? Its been part of
the marketing you know and its not just simply giving out free token/money to anyone that can easily be cashed out on exchangers if that coin
do have a value but well just dont stress up yourself because most airdropped coins or projects do end up without any value at all.

spydee1522

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Airdrop is an advertising strategy for project managers and bounty managers. It markets a project to the general public freely and easily. Projects that do conduct airdrops get the chance to spread their project information even to investors who then take upon themselves to research on the project before investing. Apart from the advertising aspect, it also grants airdrop participants the chance to trade their token which mostly increases the volume of the token.

Topic: can someone explain to me the motive behind airdrops? (Read 1689 times)