can someone explain to me the motive behind airdrops? - page 10.

Saisher

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Quote from: Christinebeauty on May 24, 2019, 02:58:12 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?

The motive is only to steal information besides scamming people by asking them to buy more so they can get more airdrops and making empty promises that the coin will perform great in the market, once it hit there this is the reality of the majority of these coins.

5thFear

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It helps in the circulation of the tokens/coins and also it gets the attention of the crypto community. The more circulation a coin have the easier it becomes for it to get listed on coinmarketcap. So its a win win situation for both bounty hunters and the project also.

Apes

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one of reason airdrop give away is to give a hype effect so that tokens or coins can be better known to the community in an easy way, without ICO and project excessive promotion, airdrop effect can massively spread the project and well known worldwide.
whereas in fact the airdrop token is just a useless penny.

florac9

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Airdrops idea is not that bad ,its just another easier way to create awareness for the particular project I don't see how this is wrong and moreover its free money either too low in value or not ,if you don't like don't do its simple

Wintersoldier

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Quote from: Christinebeauty on May 24, 2019, 02:58:12 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?

Well, from its context, you can understand that they wanted us to look at their project as, providing a free package from air, wherein, we can freely loot it. But in fact, it was really really hard to obtain something valuable about it, thinking about the fact that some airdrops are worthless, you need to sacrifice your identity to it.

Indrawan77

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Quote from: akamit on May 24, 2019, 03:14:23 PM

Quote from: Christinebeauty on May 24, 2019, 02:58:12 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.

I don't think this a bad strategy but the developers need to think the portion of distribution, if not the amount could hurt the price when its being launched, usually yhe developers choose airdrop to increase the popularity and hopefully could increase the transaction volume, who knows they become attracted to used it for transaction, but airdrop is not too favor for investor because it can caused the price drop severely

Eraldo Coil

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It is used to promote the project itself giving freebies to some of the people in order for those people to see how a coin will perform. But there are a lot of risks in joining these airdrops and I don't recommend it except when the one who shared the airdrop are bounty managers you can trust. Airdrops can be used in phishing and selling of your information which can really be dangerous when you sign up your email address and they can send you a phishing link.

absurde

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Airdrop leverages to advertise the project, it's kind of marketing with crowdfunding. With airdrops, social media promote the project and make this project more recognition.

iMark

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Quote from: akamit on May 24, 2019, 03:14:23 PM

Quote from: Christinebeauty on May 24, 2019, 02:58:12 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.

Not entirely bad, distribution to many people is important to increase the number of users, because if ICO only relies on investors, the number of users will be limited, airdrop will open the opportunity for the project to have more names and links. I think the developer has formulated it well, what is the right airdrop allocation so that it does not have a negative impact on their market

waynechong1995

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Its about publicity and volume from varies of people, the benefit of a successful projects through airdrops that generate lots of volume far outweigh the efforts needed for those project owners, in other words easy money for them. Look how DeepOnion storm the market through periodic airdrops that pumped the price so hard when peoples are FOMO-ing. The intentions are pretty straightforward, registrants for airdrops hope they make a little money, and owners hoped to boost their PR, long/short term gains whenever its good or malicious intent

Menawi12

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Quote from: Christinebeauty on May 24, 2019, 02:58:12 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, many developers team organize airdrop to spread token holders. If the token hold by many people, buy and sell in market will be more attractive and could rising. Beside that, people will know better about the project and hopely they will investing their money

michellee

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I think they want to introduce their real project so before they launch the project to the public, they use airdrop to spread the news about their project. That is work for them, so people will know that they have the main project that was still running, and they invited the investor to come and join with them. But I don't think that right now, the airdrop still worth because many of the airdrops have been abandon or stop the project.

Herbert2020

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airdrop (in its true meaning no the new altered meaning) was meant to "give away" some coins for free to people who are interested in the project to test things out and see if they like what the project itself offers, find bugs, give suggestions,... in short participate in development of the decentralized project.
for example in early years people who had some bitcoins would give away those coins to others to "spread the word" the most known example is the 10000 bitcoin for pizza story which was a type of "spreading the word".

but then the new meaning changed into fooling people to advertise your useless token for you and pay them less than minimum vague to work for you and call that "airdrop" then when they advertised you dump your premined huge stash and make a lot of money and go away.
this also explains why they pay these newbies so little because they want to be the biggest controller of the price as long as they are around, after they dump they no longer care because they move on to next scam.

pinoy.bolanon

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Quote from: Christinebeauty on May 24, 2019, 02:58:12 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?

Airdrops are done in order to gain more holders of the tokens, the bigger the community, the better to the project, and why it is small amount of tokens? the reason is that, when the project listed to the exchanges, the holder tend to buy more in order to liquidate his holdings, this way they are part of the supporter of the project, and its a vice versa.

Congyang

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airdrop motif in my opinion, I've heard a few words if airdrop was created for a promotional media for a coin that will be released in public, now airdrop offers gifts in an easy way for the participants. this is an effective way to attract participants.

fortunecrypto

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Quote from: Christinebeauty on May 24, 2019, 02:58:12 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 never participate in airdrops anymore, it's just a trap, they ask for your vital information for a few cents worth of their tokens, and sometimes it's worthless, it's like giving out your information for free, then they ask you to deposit buy more so you can deposit it in exchange, after that the dev will dump all their shares and run, leaving you with nothing.

lyks15

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I think this is one of their marketing strategy to make newbies and other prospect investors motived. Like many people instinct,reverse psychology is the best way to motivate or to boost people's interest to things that they are doing. Second the issue and exposure when airdrops happen it will be trend specially in social media that gives a crypto too much attention to the readers.

shoreno

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Quote from: Astvile on May 24, 2019, 11:52:16 PM

I dont even know why developers are doing airdrops maybe to promote their coin and spread news about it?but its still a no no for me.Airdrop can make the price of their coin dump because so much people will have the token and will surely sell it immediately

Your right . The purpose of airdrop is for advertisement or for promotion and in return they pay the promoter a token . Your also right that airdrop is the one cause of dumping of the token because an airdrop hunter will always sell their token once they recieved it but you should not worry since most airdrop coins are not really that promising . As of now the era of airdrop is slowly degrading because alot of airdrops lately are being abandoned by their devs

Caladonian

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Quote from: Christinebeauty on May 24, 2019, 02:58:12 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?

Simply to attract investors, another marketing tricks coming from the team behind for sure, they are trying to attract each participants to support the project by giving them small amount of coins, for few people around especially those who are not really active within this market, seeing some value
will give them some trigger to buy more without any knowledge that it can be a trapped coming from the bot or team who created the tokens.

Needs to be very careful and if possible not to be encourage buying the tokens without any good knowledge about it.

Astvile

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I dont even know why developers are doing airdrops maybe to promote their coin and spread news about it?but its still a no no for me.Airdrop can make the price of their coin dump because so much people will have the token and will surely sell it immediately

Topic: can someone explain to me the motive behind airdrops? - page 10. (Read 1708 times)