Topic: Here is why people make money from Airdrops (Read 758 times)

Airdrops can yield handsome amount no doubt if those projects are being operated by legit teams. So one have to be cautious by filtering out scam projects which can scam out airdrop seeker instead. One can always try his luck with airdrop project by doing some tasks and why not trying if it is free of cost.

I highly agree, with this and also it will depend on the developer and marketing team on how they will able to spread the news and its roadmap on when it will be released and put it on the market. Looking for an airdrop is really easy but the question is if it is really worth it and if it will have value in the future.

In a previous discussion, I said that getting big rewards from airdrops is still 50:50, in fact the ratio is between 30:70 because finding airdrops that give big rewards is very difficult. and very lucky for those who can find it. because it is impossible for an airdrop provider to provide large rewards with thousands of participants unless the coin is in a bullish trend.

There are several ways to make money from airdrops. You can participate in testnets, Exchanges event like Mega drop and launchpads, Telegram airdrops. And more.
Also, there are retroactive airdrops and even just buy searching for aridrops on twitter, you are gonna find enough of these airdrops.

Recently I hear that many people are earning money from airdrop, many have earned money. Even on social media I see various posts about airdrop. Working on air drop projects may create some opportunities but while working on such projects you must keep an eye on your wallet and personal information so that they don't get hacked. Personally I think profit from here is possible but focusing on investing will be more beneficial than wasting time here.

No doubt some airdrops,to say very precisely too little, do provide nice amount when executed/done by serious and talented team. But it doesn't mean all airdrop coins are worthy enough to collect doing different set of efforts and even after collecting those are worthless as it can't be traded nowhere. Maybe almost half airdrop project are being operated by scammers to scam out the participants. So we must be cautious not to fall in their traps.

yes, I agree if the airdrop gives us enough income. because I participated in lots of airdrops and it really gave me quite a high income because I experienced it myself. although there are some airdrops that do not pay and are also not listed on the exchange. and we are required to have a lot of patience when participating in the airdrop.

You are so correct! This, is a golden rule!
Dabbling in cryptocurrency really carries inherent risks, so conducting comprehensive research is imperative, particularly when it comes to activities like airdrops, which often involve nascent projects.
To avoid red flags and only work with reputable projects I have devised a short system of my own which I call RIPPER.
At the moment I’m qualifying for the Prom Testnet Campaign, so allow me to illustrate how RIPPER works in case of Prom Network.

1. Reputation: Scrutinizing a project's background and team involvement is paramount. An indication like a recently established Twitter account raises concerns. Prom Network, however, has maintained an active presence on Twitter since 2020 and boasts a token listing on Binance, suggesting a more established footing.

2. Investors Identifying the supporters behind a project is crucial. Prom Network garners support from DWF Labs, a respected market maker, mitigating the risk of potential fraudulent activities.

3. Platform: The platforms utilized for project-related tasks hold significance. Prom Network conducts its campaigns via Zealy, which is renowned for its partnerships with established projects, bolstering my confidence.

4. People: A vibrant and knowledgeable community signifies a promising project. Prom's community exhibits commendable engagement, with members contributing insightful articles on platforms like Medium and Reddit, fostering trust in the project.

5. Explicit requirements: Understanding the prerequisites for airdrop eligibility is pivotal. Prom offers a transparent dashboard that meticulously tracks and calculates points for completed tasks, ensuring clarity and fairness.

6. Resources: Projects demanding substantial financial commitments should be approached cautiously. Prom Testnet tasks are facilitated through free test tokens distributed daily from a faucet, alleviating the need for any monetary investment over the past month.

I trust this RIPPER elucidation of mine sheds light on my decision-making process and aids you in your own research endeavors.

I have to say that the best way to go with airdrops is to think that you are not going to make any money at all, and then if you ever do then be happy with it. These days there are so many projects that are getting extra added attention because some random coins made a lot of money for people and everyone is trying to be part of something that is similar, so that they could make money on the next one.

We all know that it is not going to happen that easily, we shouldn't really consider what happened once will happen every time, but it is not impossible neither. So, we should probably consider how losing money isn't always in our best interest but losing time isn't all that much of a big deal. Consider it gone, and if you do well, then be happy.

In bear season i saw people got airdrop rarely but now airdrops are given to people and many people already benefits from airdrop a lot. That's because bull season isa already started or About to start, and its all about project team who wanna get themselves promoted through these airdrops participators and that's why they are giving Airdrops among people. Airdrop could be an free incomes source but we need to be careful and shouldn't join airdrop blindly.

I'm not saying all airdrops are scams or a waste of time. However, there are still some airdrops that produce results, such as recently I tried to participate in the NYAN & Param airdrop with a points system and it was proven to pay even though it wasn't big.

Everyone likes anything that produces results, especially when you get it for free without having to spend capital, it's like with airdrops, airdrops are one way to get free tokens by participating in them and following the steps and procedures provided. with a fixed time period, but you need to know that not all airdrops can pay you and very many airdrops are scams, and I think that's a big problem, but if it's done for free without any costs, everyone will tempted.

As long as we can do it optimally, the profits from the airdrop will be quite large, so far many participants have managed to get a lot of money from the airdrop, but the airdrop also doesn't provide a guarantee that it will always provide large enough results. Sometimes we will also get results that are not commensurate with the efforts we put in.

They make money from airdrop because it is profitable, there are so many airdrops in crypto some might succeed while others might fail, for me there is nothing wrong in trying out those airdrop specially if we could get them for free or with just a small amount of investment.
What people need in order to gain in airdrop is knowledge, time, and proper research, they should invest their time to know the projects that they are joining and their plan.

The third point above I think does not only apply to airdrop participants, like me, you and all of us here who have or have not invested are also more or less required in this regard and for points 1 and 2 above also seem to be major items that must be explored before participating in their campaigns.
 
Whatever the campaign, if there is found a hidden spot, not many people who follow the campaign will be very extraordinary to be generated because the competition is small. If it is hype once, the opportunity to get more will be small.

Maybe at that time AirDrops were not offering good payment but now people have got huge prizes by participating in numerous AirDrops and most of the airdrops these days are trusted. I think we should participate and take advantage of each and every opportunity because sometimes we get fruitful outcomes due to our hard work according to our expectations.

Nowadays there is nothing more profitable than participating in Airdrops but most of the people are afraid of investment in Airdrops but they should remember that you will spend money to make more money because nothing can be achievable without the use of money.

I'll agree with you that airdrop projects are depended on a 50/50 either participants would profit out of it or not. The only factor of airdrop being attractive is that it doesn't require participants funding. So you can imagine a platform with potential claims of providing profits demanding participants funds but on 50/50 bargains to make profit, of course it'd be a dead gone so soon project. That's equivalent to the MemeCoins.


I disagree with you here. There had been multiple number of coins that has been listed in the exchanges and was later delisted simply because the coin doesn't have a value and the developers weren't devoted enough to make provisions for to evaluate the coin. Exchange would only provide the coin with community visibility and contributes to a wide spread and doesn't signify that exchange listing a coin has authenticated it to be valuable.

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How much patient do you think Investors and participants should have in such cases of 50/50 deal knowing quite well that your coin could be so dramatic and just die off from your hand after much holding patiently. That's is all because there's no reputations about the coin but a coin with reputation is do worthy to hold so patiently.

Surely patience can pay off. We can't expect for all airdrops to be successful but it doesn't mean that it's all hopeless. If you really want to see growth with airdrops, you need to participate in more for higher chances of winning. Don't immediately give up if you have failed with 5 or 10 projects.

Yes and everyone can follow it because ranking is needed there, because whoever has the most activity and has finished doing all the tasks is number 1.

Currently, Airdrop is a testnet model, mainnet is the most sought after by airdrop hunters or other things besides that and there are some Airdrops where the total prize is already large + 23% of the total supply, for example $ATH (Aethir Edge).

I think its aside from the fact that they probably consider marketing through this method which is letting the masses do the deed for them in spreading the information to be more plausible and a lot more effective, since you know this way you could also make the project found its fans and faithful supporter, I think it also works as a way to decentralized the entire token distribution and select only the deserving people to get that allocation which often times counted as contributor of the project within the early stage by doing testing and promotional tasks.
this way even if the project is heavily invested by the venture capitals, all the coin won't just get centralized into one place which is the venture capital wallet, but also spreading across various early contributor to increase active wallet amount.
it does seem to be the trend of marketing strategy nowaday, letting the audience of the marketing be the one that do the marketing, on the other hand, it gives back to the community so its a win-win solution.

but of course despite all that advantage there's also disadvantage where the project teams decided to screw people that have done the marketing for them and just making excuse to not distribute the supposed allocation to the people according to their previous promise and literally tricking community into doing all the marketing for them for free.
that is when this kind of marketing method could be a disaster, but overall the scene of airdrops has been coming back to normal, I think if i'm not mistaken this kind of trend already a thing even back few years ago, but it become the trend once there's some really big airdrop coming out like aptos and arbitrum and followed by many others, right now this is the way that most of project is staking to boost their project popularity by distributing wealth to the early contributors.