How do you differentiate good Airdrops from bad ones?

isaac_clarke22

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Quote from: LordMiguel on October 28, 2021, 09:02:14 AM

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Well to think of it, even outside crypto it happens.
Those fake giveaways where you do entries in a certain site and would like you to share their page, join their discord, or follow them in Twitter. Most of those just ended up being nothing and I have never heard someone yet that they got this certain item from a giveaway by just sharing or boosting their audience.
It also happens in Youtube, now that many Youtubers are just hungry for revenue, but they don't care about their audience at all.

LordMiguel

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ITSMYNE

My dear. 90% of the Airdrops are fake. they utilized the opportunity to grow their social media platform. mostly, they will not pay or they might select few members from the list and pay. some times they will not pay and claimed they have paid when people asked them. airdrops are waste of time and resources. try buying a token and hold on to it. it will surly pay in the long run. For me i prefer to hold on to Ethereum.

Kelvinid

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Quote from: Greatest2020 on October 26, 2021, 08:33:38 PM

Mostly, newbies to Bitcoin and Cryptocurrency at large participate more in Airdrops as a way of adding more coins to their bags but often times, they fall victim to scammers and fake airdrops.

Well, I don't blame their innocent as they are still learning and experiencing how to be disappointed.

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I personally have not been participating that much in it because a couple of it I tried was scam or they will end up not giving me. But I noticed some of them are real and people benefit from them.

Yeah, 0/10 or 1/100. If you got lucky to find and participate in those projects, then you got your benefits but if not, that is just a waste fo time and frustration. That you don't you don't have to expect any from them so it will still be play of you get scam.

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So my question is HOW CAN ONE KNOW REAL AIRDROP that will pay?

It mostly has a good offer and high price that it looks very interesting and good to be true. It was really hard to tell if that airdrop is legit or not, but you can find it later.

Marykeller

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Anything that has been given as free will surely have not much value, in the end, the same goes for Airdrop. Gone are the days when Airdrop pays. these days Airdrop is full of shitty coins that end up becoming worthless. No need of hoping for better payment from Airdrop at all. The best thing to do is to avoid partaking in any of them

AakZaki

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Quote from: LTU_btc on October 27, 2021, 05:04:35 AM

My answer is simple - I ignore everything what is called airdrop. It's just waste of time. Maybe I have not enough experience with airdrops, but I think it's too difficult find valuable airdrop when there is so many scams.
~snip~

Since ICO tokens are very popular until now I rarely participate in Airdrops. As far as I know, Airdrop is purely free so I rarely investigate projects and their uses. The most important thing is a step that is not too complicated and certainly does not harm my wallet address. Moreover, if there is an aidrop who asks to pay, I will never follow it.

kryptocanon

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Well I hardly participate in Airdrops these days, not after I have my wallet filled with spam my coins. The airdrop I do try participating in these days is the CMC airdrop which is quite a contest. Just pray to get lucky, once you're being selected as winner, You will be airdropped.

The Cryptovator

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In a simple answer, there is no proper way to detect 100% legit airdrop. Before participating in an airdrop you have to investigate the project. How they are potential and what is their product. If there is nothing potential and no real goal then most likely you are going to waste time there. Just keep in mind nothing is free in the world, they are collecting your personal details for marketing. Nowadays joining airdrop is just a waste of time I think. The token is even not worth of gas fee. Either project legit or scam you aren't going to get anything noticeable from the current airdrop. It's better to spend your time somewhere else.

dbc23

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It's really difficult to know a project that would do fulfil their promises and getting to know a legit project too tend to be more difficult this days because more and more projects keep popping up and the few genuine projects don't really last long anymore. I think if the airdrop is completely free then I wouldn't mind risking my time for it but if eventually it turns out a scam there is nothing to lose

isaac_clarke22

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Quote from: Greatest2020 on October 26, 2021, 08:33:38 PM

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I stopped in all of them, when one emailed me a phishing site to their fake MEW page, because they know that I was using MEW wallet. Good thing I smelled something fishy that time, because it is obviously off-putting when you visit the site aside from the fake domain name.
If the airdrop is too good to be true, then it probably is a scam.

SquirrelJulietGarden

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Quote from: Greatest2020 on October 26, 2021, 08:33:38 PM

So my question is HOW CAN ONE KNOW REAL AIRDROP that will pay?

You must follow trusted projects or trusted managers that will increase chance that you join airdrop that will actually pay you later.

The bigger issue is most of airdrop does not have good value. It can be few cents or nothing because coins or tokens you receive from airdrop are useless.

Sometimes you can get luck with airdrop from successful project or just a scam project but successfully scam investors. In general, I don't advise you to focus on airdrop. Many better things you can do than airdrop.

hatshepsut93

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Quote from: pooya87 on October 26, 2021, 11:08:23 PM

Let's clarify something first, the definition of an airdrop:
An airdrop is when a new project gives anyone its own coins for free. In other words all they are going to ask of you is your address and absolutely nothing else.

When I joined this forum in 2016, it was actually worth doing, because for a few minutes of your time, you had around 70% chance to get $5-50 worth of coins that could be easily dumped on an exchange for Bitcoin. But this stopped to be the case when shitcoins projects became streamlined and everything got maximized to boost the profits of creators and things like airdrops or bounties and other kinds of "free/easy money" have stopped to exist.

Taskford

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The only indicator you can see for a bad airdrop if they ask certain payments before you can join or they will ask your private key, but any of that which doesn't require those things is I think a good to join but you cannot expect to get compensated since not every drops will get a value only 1% of them is a gem so if you want to spot good ones better join on multiple airdrops but also make sure you paste your correct address and not your private key.

LTU_btc

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My answer is simple - I ignore everything what is called airdrop. It's just waste of time. Maybe I have not enough experience with airdrops, but I think it's too difficult find valuable airdrop when there is so many scams. And even if it's not scam, it's likely that you'll get almost zero value tokens in the end. So, these things isn't worth your time IMO.
And @pooya87 said very well. Most of airdrops isn't airdrops actually nowadays. It's just bounty called in different words.

cryptoaddictchie

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Quote from: Greatest2020 on October 26, 2021, 08:33:38 PM

Mostly, newbies to Bitcoin and Cryptocurrency at large participate more in Airdrops as a way of adding more coins to their bags but often times, they fall victim to scammers and fake airdrops.

So my question is HOW CAN ONE KNOW REAL AIRDROP that will pay?

Nowadays most airdrop have become scam so we having a hard time to deal with this if you are fond of joining anything that pops up. Now to answer your question, you can definitely identify them just by observing how the team handle the project. Check out for some community, maybe they just using bots or add members that's why their community is big. Does they have any real partnership with some good ones or not. Also check the quality of their website and some platform, if its just like a simple one that can be bought for $30 then likely you are dealing with a scam one.

Awaklara

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Airdrop are free coins and I consider Airdrop to be lucky coins. with a (10:1) note due to the fact that Real Airdrop are very rarely known to the public.
I want to tell a story based on experience.
I still remember when I first traded on DEX (Uniswap) in June 2020, I incurred gas costs which were disproportionate to the selling value of the coins but I did it anyway. long story short, someone quoted about UNI airdrop then I tried every wallet used at that time. well, unexpected surprise that my Wallet qualified and earned around 1200 UNI at that time because I used 3 different Wallet while trading there.

Recently I also got a surprise Airdrop from AQUA coin. AQUA coin is using the Stellar blockchain, the requirements are quite simple if you have traded using a Stellar Address before the beginning of 2021 then you are eligible to claim the airdrop. but the prize is not as big as the UNI airdrop

You can see in my previous thread, who know Your might get lucky.

tyz

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Quote from: Greatest2020 on October 26, 2021, 08:33:38 PM

Mostly, newbies to Bitcoin and Cryptocurrency at large participate more in Airdrops as a way of adding more coins to their bags but often times, they fall victim to scammers and fake airdrops.

I personally have not been participating that much in it because a couple of it I tried was scam or they will end up not giving me. But I noticed some of them are real and people benefit from them.

So my question is HOW CAN ONE KNOW REAL AIRDROP that will pay?

To be honest, there are hardly any airdrops that are really worthwhile these days. Most of them are simply garbage. That was different a few years ago. The really good airdrops today you get rather unannounced on platforms on which you are active for a long time. One example is the Uniswap airdrop. Everyone who has made a trade on Uniswap before has received tokens via airdrop. This airdrop had a value of almost $2000 at the time of the distribution, so it was distributed to people who did something they didn't know they would get for a big reward as an airdrop at some point in the future.

bakasabo

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For me a good airdrop is the one that dont distribute much, but have already tradable altcoin, have a working project and airdrops is aimed to introduce users with a project.

Bad airdrop is the one who aims just to increase projects user data base, asks to pass KYC, promise unreal token value, asks to do 100+ tasks to do (subscribe, like, join, invite, share and etc), has a competition base(first X user get something).

For me airdrop is like a demo of a project, a sample. Get our altcoin for free, use it, try what we offer, make your opinion. When new food product is promoted in a store, no one ask you first to call your friends and tell about it, do 10 pushups, leave your personal data to get updates, and only than taste new yogurt.

pakhitheboss

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I would not recommend anyone to clear or pass KYC for an airdrop valued just $5 or $10. You identify is more valuable tahn that small amount. There are good airdrops that do not ask for KYC but most of the time they are based on a draw now a days. It is better to avoid them at this time as there are too many scams happening and when you do not have a guarantee that you will win.

Jawhead999

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There's no way to verify that, you could consider airdrop is kind of giveaway which is there's no guarantee you'll got the reward. Just participate as much as you can since it's not hard and low effort to register an airdrop, it's a matter of time consuming.

To participate airdrop all you need is provide your address, if they ask money then it's 100% scam. It's worth to mention some airdrop will ask your KYC, you can consider does your identity are worth for couple bucks? If I were you I won't do that.

Pmalek

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In 99% of the time, you will just be wasting your time participating in airdrops. Those days when "airdrops" were actually airdrops, are long gone. Check out pooya87's answer above for the reasons why.

NFT is the newest hype. Airdrops that could give you some NFTs could maybe be worth your time. One day, they might be worth something. Again, it depends on the requirements to receive them. Never perform KYC or share your private keys/seeds to receive an airdrop. Those are scams that will result in you losing your money. Even worse, your personal data could be stolen, sold, and abused.

Things that are good aren't usually given for free. Apply the same logic to airdrops.

Topic: How do you differentiate good Airdrops from bad ones? (Read 279 times)