Topic: HOW CAN ONE KNOW A FAKE AIRDROP? - page 7. (Read 1237 times)
Their rewards are good to be true like giving you that much coins for you to get tempted and invest it to get more coins thinking that you might earn on it in the future. But all of it are just false promise and never it will be good. This is why I never join airdrop because it is not really earning and more of it are scam projects. So, If I were you forget about airdrop and instead focus on learning about good defi projects or about investing bitcoin that will help your money grow and on the contrary you can also lose your money if you do not know how to manage your investment.
Anytime I go into my telegram account, I see countless number of airdrop with countless offers but the challenge is trying to know which of this airdrop that is genuine.
Airdrops are free tokens given to those who will participate.As long as you will not give any ETH to them to get the tokens, it doesn't matter whether it is a fake one or a legit one.
If it is legit and it will have a price in the future then good but most of the airdropped tokens ended up being a dead coin or a scam coin (for those who are asking for some ETH to get the tokens).
TBH, it is difficult to identify which is a legit airdrop or not. Anyway, it only consumes only a few minutes of your time to participate so it doesn't matter if it is a scam or not. Just join in any airdrop you want to join.
Official airdrops are usually announced on social media accounts of a token or coin such as Twitter or others. In my opinion, most are just bots now. if you are looking for a paid and legit airdrop, you need to see the admin is active or not in answering questions from members who join it.
Anytime I go into my telegram account, I see countless number of airdrop with countless offers but the challenge is trying to know which of this airdrop that is genuine.
Search the project and read everything about it, mostly those airdrop are just asking for your ETH address and it can be safe as long as you protect your private keys but some of those Airdrop are asking for your KYC which I think is not that worth it to give.Every time I see airdrop on telegram I don't participate right away and not all of them are good to join, if there's a telegram group for that specific project then its better to ask the and the community. Its not easy to know if the airdrop is legit or not because scammers are also doing well so be patient on reviewing the project and don't expect too much.
Anytime I go into my telegram account, I see countless number of airdrop with countless offers but the challenge is trying to know which of this airdrop that is genuine.
Well, checking all their social medias for the information will be there best way to see and confirm the legitimacy of information either with the airdrop or with Bounties. Myself have sometimes been in the darkness when it come to airdrops or any other offers but checking their social medias or blogs with the appropriate information have granted me more rest assured of their airdrops or bounty. 
Anytime I go into my telegram account, I see countless number of airdrop with countless offers but the challenge is trying to know which of this airdrop that is genuine.
If the airdrop asked for payment or any funds needed before claiming the tokens then its a scam. Airdrop means free token for supporting them or any form of promotional. So if you pay to received a coin or token then thats not airdrop and more like an investment since you paid for it. From this you can easily checked if that is legit or not. Most scams asked for eth and will tell you to send money on them. Sometime we are wrong but giving you only a suggestion on some scam airdrop works.
after 2017, during the big Hype of ICO, nowadays we are just seeing a lot of scam airdrop, or free distribution that allow people to gain just some dime. I think that there are some signals to be checked each time before you invest your time... unless it's just a time wasting...
I definitely agree with @themohit, "There is no way to be completely 100% sure if the airdrop is legit.", and you should check their project, team, more info that you can grab, but not spend too much time on this activity.
Here some of the "signals" that I am looking before subscribe in airdrop:
- most of the times airdrop that claims "a big value" are just a scam. Likewise "receive 1000$ in our token"
- if you see a big group in telegram (more then 1000 users) and the project has been launched just few time before
- group that are un-moderated , or group were admin refuse to answer to questions, or admin that are aggressive against the members
- they are collecting private info like "name" or "email address" or "phone numbers" during airdrop
- they don't have a WP (Whitepaper) or any road map
- project that claim to be "a revolution" for a certain industry field (and are going to provide all liquidity in free tokens!)
I definitely agree with @themohit, "There is no way to be completely 100% sure if the airdrop is legit.", and you should check their project, team, more info that you can grab, but not spend too much time on this activity.
Here some of the "signals" that I am looking before subscribe in airdrop:
- most of the times airdrop that claims "a big value" are just a scam. Likewise "receive 1000$ in our token"
- if you see a big group in telegram (more then 1000 users) and the project has been launched just few time before
- group that are un-moderated , or group were admin refuse to answer to questions, or admin that are aggressive against the members
- they are collecting private info like "name" or "email address" or "phone numbers" during airdrop
- they don't have a WP (Whitepaper) or any road map
- project that claim to be "a revolution" for a certain industry field (and are going to provide all liquidity in free tokens!)
I too can't distinguish which are the legit ones, as long that they don't ask for your private key then your safe, I can't really determine which are the legit ones, because today, even the legit ones has funny names as a project. If you want a legit project I commend one with good reputation devs. Their project made ethereum network congested way back 2018, and we're looking forward for this one to explode again. So if you want to join in. Feel free to search KittieFight.
Anytime I go into my telegram account, I see countless number of airdrop with countless offers but the challenge is trying to know which of this airdrop that is genuine.
There is no way to be completely 100% sure if the airdrop is legit.However, you can look up who is in the project management/dev team and google what else they've done.
If one project claims to be partnered with anyone or to be in charge of some other project - you should google this as well.
Lastly, its all about experience and you should believe in your own choice, draw conclusions afterwards
Usually fake airdrop will ask ethereum for each participant to distributed their airdrop coin, I think is not worth for joining an airdrop project where we should sent them fee for payment coin. Better looking for an airdrop project fill form and waiting their coin distribution like happen two years later where we can get much money from this airdrop kind. I am still remember with many success airdrop project without have sent fee first and just fill our ethereum address.
Anytime I go into my telegram account, I see countless number of airdrop with countless offers but the challenge is trying to know which of this airdrop that is genuine.
95% of airdrops that happened in telegram didn't legit airdrop. The legit airdrop can be determined from the what project that has already made it. You can try to know the reputation of the team and project.
As long as the token or coin have already traded on the exchange site and that could be considered as legit airdrop.
Any airdrop have different rules to participated in.
Give your identity is not always making the airdrop become legit airdrop.
There are so many fake airdrop these days.
Giving KYC or not is not the only thing to know wheter an airdrop is a fake one or legit. But for you to spot which airdrop is legit, here are the things that you may want to read to help you spot the real airdrop;
And if I may just add, most of those telegram airdrops were not legit. Especially when they asked you to deposit some coins for you to be able to join or in exchange of their reward tokens. Do not fall for that trick, the main purpose of the fake airdrops is to scam participants.
And if I may just add, most of those telegram airdrops were not legit. Especially when they asked you to deposit some coins for you to be able to join or in exchange of their reward tokens. Do not fall for that trick, the main purpose of the fake airdrops is to scam participants.
When they give you an airdrop, most of the time its just an email-ID and an ethereum address. There is no harm in filling those stupid forms as long as they don't ask you to KYC. Always beware if they come up with any sort of "Buy 2 and get your 1 airdrop token" schemes.
Treat your time as valuable and don't be afraid to ask the hard questions. Ask yourself, what value they really are adding and if they have any talk with clients about their real product. Most airdrops want to confuse newbies by positing a authentic looking website and having an anonymous, strict admin on telegram who will keep saying, "No FUD please" when you ask questions. Stay clear from those. Any serious team will always have thoughtful, intelligent admins willing to answer questions rather than deflecting.
Lastly, most of these are useless projects even if the devs are well-meaning. So anytime you can, just convert part of those tokens and keep stacking your Sats. That way you will hedge the potential profit and loss. DO NOT hold onto these coins in the hope that they will grow incredibly. This almost never happens in reality.
Treat your time as valuable and don't be afraid to ask the hard questions. Ask yourself, what value they really are adding and if they have any talk with clients about their real product. Most airdrops want to confuse newbies by positing a authentic looking website and having an anonymous, strict admin on telegram who will keep saying, "No FUD please" when you ask questions. Stay clear from those. Any serious team will always have thoughtful, intelligent admins willing to answer questions rather than deflecting.
Lastly, most of these are useless projects even if the devs are well-meaning. So anytime you can, just convert part of those tokens and keep stacking your Sats. That way you will hedge the potential profit and loss. DO NOT hold onto these coins in the hope that they will grow incredibly. This almost never happens in reality.
It actually can be tough sometimes to determine whether an airdrop is fake or not. I usually look through there website, LinkedIn, and whitepaper(if available) to determine whether the project is legit. I don't participate in KYC unless I 100% believe in the project.
Anytime I go into my telegram account, I see countless number of airdrop with countless offers but the challenge is trying to know which of this airdrop that is genuine.
Jump to: