can someone explain to me the motive behind airdrops? - page 7.

RDNX

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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

Actually, there was a good airdrop project a few years ago. The project was POLYMATH.
They give an Airdrop token to the users and the value is very good. I got around $400 from that free airdrop.

dobolspeed3

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Therefore many projects slow down distribution by reason of wanting the value of the token to be stable first. That is what the project usually does to avoid falling in price. And there are also those who parse the allocation from Airdrop itself because people don't sell much, this is actually unfair.

munareal

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Airdrop is a way of advertising a cryptocurrency. People love freebies and many see it as an avenue to create a crypto portfolio with various coins of which most are shit coins. developers incentivize those interested in their project with a small amount of their token. the value of these coins are so small but people still do them.

FoBoT

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Airdrop is giving part of the project coin/token to non investors in order to expose and promote the project.
Airdrop makes more people to be aware of the project in question and increase the coin/token holders which is necessary for the investors.

kaya11

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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?

To increase the liquidation of the new alt, I somehow understand what they trying to do. When I was at the early stage of crypto, it was way back 2017, I don't know why they give free coins to anonymous users and it includes traders and holders. I was one of the person who was given an airdrop and when it goes live on an exchange I somehow feel to buy more, and yes I did bought some and I think this was the one of the reason for an airdrop. When the time you got the coin you search for their credibility if they got a promising project etc and then you somehow feel it was safe to invest on, I don't know if other people did this too but airdrop is a simple step of knowing crypto space.

AjithBtc

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Airdrops were just an added way of promoting the project, providing few amount for performing certain tasks that will get more people know about the project. Earlier airdrops too have made people rich. There are more number of airdrops that haven't got distributed. Very few find it a better way to promote and use this in a very effective manner.

trauchot

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This of course very often happens and nothing can be done about it, for such situations you need to have a good referral network and then everything will be fine or of course you can sell your aidrop tokens at etherdelta or forkdelta.

KryptoKai

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Airdrops are good if managed properly. It means that there is a core group willing to promote the coin for free. If managed badly they will dump the token at any price

Supercrypt

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Quote from: Pffrt on May 24, 2019, 11:37:04 PM

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.

Then what guarantee do they have that those participant they havedistributed the free token to will take step to directly invest more in the project, although it works for some projects, if the participants see that it is a coin that is promising and have a real life working product for future growth, they will be encourage to add to the amount of airdrop token they get since most airdrops are usually little in quantity.

This method doesn’t work for all projects as you don’t know how financially buoyant the participants in question is for them to commit their fund directly when we still have so many projects in the market that are doing the same. So, how many of those projects will the participant invest in?

MUG1WARA

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this is part of marketing and each project has a different way to introduce their project to many people, maybe the purpose of all this is just to attract investors because the more holders there will be more investors interested

mardaed

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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 they only do that to promote their own project to every individual here in crypto. As you can see those allocating token is limited only for participants. And this token is not enough or not profitable and indeed its such a waste of time and effort.

All they need to do is to get their project to known in public. I think thats whats airdrop is.

traderethereum

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Quote from: Absolutep on May 26, 2019, 06:54:20 PM

I feel that the motive behind airdrop these days is just to gather community.it is easy to reach out to many at a time through airdrop.

That could be one of many reasons why the project launches the airdrops after their launch their project.
They want to know how big attention from their community and public, so they make the airdrop programs to gather them in one community.
They will get more follower if their project is very good and they can apply what they have in the plan to the real work.
But maybe each project has their motive behind of airdrops, and we don't know what the real motive of them is.

DainSLane

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There is a big effect for the project if they launch airdrop they can get more potential investors through social media like facebook, twitter, linked. There are lots of people know about the project and the people who joined the airdrop they can get free token.

m0Ray

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Activity: 868

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In most cases, airdrops organize fraudulent projects. Since airdrop is not an effective means of marketing. The organizers hope that bounty hunters will invest in their project. They are used to that in the past airdrop is very well quoted and continue to play this game. Do not join projects where there is airdrop. It's stupid and you should be prepared to lose your time.

ivan1975

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For POS coins airdrop can be a means of initial distribution of coins among the maximum number of users.
All this contributes to decentralization.

fosco333

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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 the purpose of airdrop is to fill their social media with crowd of peoples.
The more peoples join and supporting the project, the more investors will be attracted to investing.
Airdrop participants can hold their token for better value in the future if they cannot deposit it due low value.

coin-investor

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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 for awareness, they just want you to buy more so you can trade in the market, besides asking for your sensitive information, which some of them do, sell them online this second one is very risky but as well don't do it a penny for information.is this right?

Absolutep

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I feel that the motive behind airdrop these days is just to gather community.it is easy to reach out to many at a time through airdrop.

Aniwura

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Activity: 378

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It has been a long time I participated in airdrop and back then when i was still actively involved in it, i was not concerned with its amount, total supply or what is given to me. My concern most is the profit it will bring me. So since i started noticing it to be waste of time, i had to stop participating in airdrop.

Pecunia non olet

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Airdrop creators get a free attention and airdrop participants get free tokens, but due to the bear market, people are afraid of buying low market cap coins and thats why these coins do not have value.

Topic: can someone explain to me the motive behind airdrops? - page 7. (Read 1708 times)