In simple terms airdrops are a strategy embraced by project team to award or reward interested members in promoting their project.
Initially airdrops weren't of little worth or tasking, but as time goes on or rather recently, it is now so tasking with some even demanding kyc, which then limit airdrops value or members having the mindset to do it.
Topic: can someone explain to me the motive behind airdrops? - page 2. (Read 1708 times)
If not that the whole concept in the space has been abused, most early projects in the space started with Airdrops, even there was a time I read that some people airdrop BTC. Airdrops is to build a strong community around a project but what we see now is that soem people get this token today and dump it on the exchange thesame day, it hurt the developer alot
Funny enough, most airdrops these days require users to undergo KYC before distributing those peanuts to them. Some people are just airdrop gurus so no matter how meagre the amount is, they will still do it.
If I have to do KYC I think it's better not to participate in the airdrop. Because in my opinion it is not comparable that we get to do Kyc only airdrop. I often leave this matter and don't want to participate in airdrop that has to do kyc.
Funny enough, most airdrops these days require users to undergo KYC before distributing those peanuts to them. Some people are just airdrop gurus so no matter how meagre the amount is, they will still do it.
well it's a way of marketing strategy to promote their project and this will attract investors, but I don't know if this is effective.
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 that it's made as a part of marketing strategy. But I don't consider airdrops as an effective advertisement. It may have some effect but bounties are more worthy all way. A very bad marketing strategy if I may say. Rather than the airdrops, it's better to engage the funds in bounty which is more effective. They are just encouraging farming with that.
even in the bounty campaign there is no money we invest. like joining Airdrop, most of us also told us to deposit some of our money. after all we can no longer trust any project. 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.
A very bad marketing strategy if I may say. Rather than the airdrops, it's better to engage the funds in bounty which is more effective. They are just encouraging farming with that.
The true Motive was simple which is to help and upcoming project to gain the right attention and investors. Going memory lane from the onset airdrops were always much or of tangible value, which community members get for promoting their platform, but nowadays it looks like another thing or rather a medium where Devs or team uses community members to achieve their aim while paying them peanuts.
I think airdrops create a platform for people to advertise their projects. It also gives the participants money and make the project team gain popularity and lot of followers on social media.
Airdrop is a gift for the community. anyone likes gifts even if it's only $ 20.
the goal is to introduce their platform and invite them to use their platform.
the goal is to introduce their platform and invite them to use their platform.
Airdrop is a simple form of bounty. Bounty is a marketing program that is necessary to attract customers to the project and to distribute it. Airdrop was created for this purpose.
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 programs help developers promote their projects or platforms to potential investors. Projects with a platform that attracts many users will attract many potential investors to help the project become better and increase. Building communities through Airdrop makes it more popular.
AIRDROPS GIVE MONEY TO PARTICIPANTS which will give the team and the project...
POPULARITY...
gain more followers on their social media pages.
get more members on their telegram group.
this will call more attentions from investors.
POPULARITY...
gain more followers on their social media pages.
get more members on their telegram group.
this will call more attentions from investors.
Who does this, they are not professional and everyone should avoid those shitty project. Airdrop is a good way to attract crypto people on the project, sometimes only Airdrop hype can make a project successful! We have many proofs of it. I don't think those people are real developers who give 1$ worth token as an Airdrop! And you may look at their success ratio! Most of them fail miserably!
Airdrop is a more advanced way of marketing or advertising a project to the mass. It has always been a strategy by most project managers in terms of advertising and they end up giving few tokens which are worth nothing to trade making airdrop participants less privileged. Airdrop in a way is really a good source of advertising just that most times, the tokens shared are not worth it to prevent dumping when tokens hit exchanges.
It's better not to dispute the Airdrop program, let alone the developer in managing and discussing the number of tokens. In my opinion, this is purely their policy. If we don't want to waste time, it's better not to participate in Airdrop. This is only my advice.
Everyone wants free money and people that are not in rhe market for a time believe that these money are real. But they do not understand expected value and real value.
this is part of marketing to attract investors and want to have a large community, this way for 2018-2019 is quite unsuccessful so most of the airdrop only becomes shitcoin
Most of the time,airdrop is conducted to reach out to many at a time in order to have large community,it can also help to have many wallet holding the coin at a time.
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