Topic: can someone explain to me the motive behind airdrops? - page 11. (Read 1708 times)
As far as I know, airdrop is a means of making the publicity of a project. Some projects hold airdrop before hitting exchanges, while some others do beforehand. But almost all project (cryptocurrency) hold airdrops. Lately, airdrop has become a reliable means of making the publicity of a project and attracting as many as investors. Conducting airdrop is easier as well, and it attracts easily bounty hunters as bounty hunters are entitled to some money worth of airdrop tokens in just a minute.
First of all, this is a marketing strategy. Way of gaining muvh exposure from the crypto community. The amount you receive depends on the participant itself. The higher the participants, the lower the reward.
Well if you can only spend a few hundreds of dollars for fees in sending those tokens to advertise your project to a specific users, then that is already a good thing for these ICOs and other start ups.
you should not expect so much from airdrop, mos especially these coming from ICO projects, because they will not be coming in any reasonable amount. I still prefer to participate in airdrops from non-ICO and non-premine projects. Although by the time they are first listed, they usually, they are usually priced at unimaginable low prices, that you might not be able to trade, but if you can be patient enough to hold, then the better.
Airdrops participation is never satisfy in expecting tokens because number of Airdrops are enter in the market so continuous participate in all the airdrops surely they earn good profit. But some lazy peoples are available in the market so they are all feel like this. Some peoples are waiting for long term so they feel happy to enjoy in every profit. 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, because that's their purpose. Airdrops will create effects and spread on the strong community. They succeed with this marketing campaign. The safer part to get these rewards is a transaction limit so you can open the reward. This means that the discharge rate of bounty or airdrop will decrease. The purpose seems clear.
you should not expect so much from airdrop, mos especially these coming from ICO projects, because they will not be coming in any reasonable amount. I still prefer to participate in airdrops from non-ICO and non-premine projects. Although by the time they are first listed, they usually, they are usually priced at unimaginable low prices, that you might not be able to trade, but if you can be patient enough to hold, then the better.
That is part of the ingenuity in the system right now. Based on the above and many reasons i hardly do airdrop this day. I have couples of tokens gotten from airdrop but i cannot trade them. What is the need of participating in something that has no benefit.
I think airdrop are made so more people find about that coin and on that way dev try to get more trade volume and maybe think some people will still buy and sell and buy again or hold the coin.
Average, airdrop has been made for the one of way to do a strategic marketing promotion to get a many of investor which want to invest with their project. Even though sometimes the developer project should give the some much coin.
Airdrops are one of the cheapest forms of marketing services in the crypto industry. Airdrops are done with the aim of promting the project in the real world and also getting other members to sign up on this project.
The OP is right, some of those airdrops are not worth sending to exchanges. Yet, there are still a large number of people participating airdrops, maybe they have multiple accounts to make their effort worthwhile. LOL But projects are still doing airdrops aiming to let crypto users feel their existence in the market.
airdrops are truly marketing strategies to reach out to the mass adoption of a project. gone were the days that when you fill out 5 airdrop forms, you could end up being paid by at least 3 of them but not in this current era of crypto, I'm not saying airdrops ain't profitable, it is but to me, most times I consider it as a waste of time and data consumption because at long last, the project will be listed and you then realize the amount you had is nowhere to be compared with the minimum amount you have to get before you deposit your tokens on the exchange platform? I have earned much from airdrop but the airdrops off late are just waste of precious time and the annoying moment when airdrop participants are required to go through KYC.
Airdrops are one of the cheapest forms of marketing services in the crypto industry. Airdrops are done with the aim of promting the project in the real world and also getting other members to sign up on this project.
It is only for marketing purpose. How could you tell people that this coin exist? Without doing airdrop, nobody is gonna be interested in their coin. The amount of coins given is too small, but it can make people curious about it. And maybe new investors are going to buy it.
There have been a lot of successful air drops, but these air drops were from earlier in the crypto game. Unfortunately for me I wasn't here at the time. But who knows what will happen in the future.
It is for the exposure and people are still buying these airdrops with the belief that they will grow in manner in the future. If there are no people who are attached and keeps on joining these airdrops.
Soon these developers will learn that people doesnt like it anymore but as long as there are takers of it, amount and value of that airdrop doesnt really matter to them.
Soon these developers will learn that people doesnt like it anymore but as long as there are takers of it, amount and value of that airdrop doesnt really matter to them.
I do not think all the projects use this tactic. Maybe it was the one you encountered. Recently someone created threat that he earned $50 from the airdrop. Find him, maybe he can help you. Or if you think you can not make any profit, just stay away.
Airdrops are ways to create awareness about a project really fast. Because you don't do much tasks, you don't get enough money. Scammers have also used airdrops as a means of collecting people's information for their own purposes.
I'm still wondering why developers will organize airdrops and distribute an amount of tokens which is far lesser than the minimum amount of the tokens that can be deposited on an exchange for trading. If you don't want the users to cash out the money, why do you let them waste their time?
All frankness, airdrops are very good
It pushes a project into limelight, and is the first stage of marketing a Blockchain or crypto currency project for a very low fee.
Airdrop used to be very rewarding; but it’s now worth 0$ Or 1$
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 must say that not all airdrops give and distribute amount of tokens lesser than the minimun amount that you can deposit and trade in an exchange, this is my testimony as well being an airdrop hunter because I have sold and earn several times from the airdrop like the first airdrop I ever joined gave me $200 when I traded it and that's what encourage me to keep joining and participating airdrop. But that was before, now it's true that you can hardly sell the token that you get from an airdrop. But those who had been lucky to participate with hydro airdrop got more than $3k from its airdrop when sold on its ath.
Airdrops is a usually norm for a new project to give free coins to its community members for performing simple task assigned. It helps the project to gain more publicity and attract potential investors.
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