How do you make sure an airdrop is a legit one?

justdimin

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Quote from: Sayeds56 on September 20, 2024, 06:48:02 AM

Quote from: fikrett on September 19, 2024, 06:02:32 AM

I totally agree with you.
It's also worth noting about the potential collabs and investment institutions and entities flowing their money into it.
If they are credible - it's more likely the project won't be a Ponzi scheme.

Thanks for your comments. You are right money flow into the project is an important factor as it gives confidence to airdrop participants that management of the project has sufficient funds to distribute fair reward to the participants. I personally earned significant amount of airdrop rewards specially in L2 of Ethereum such as Arbitrum and Optimism, as both projects were backed by professional teams and projects were heavily funded bu big investors.

I do agree, I mean a project that got a million dollars investment versus one that has basically none that you can see will have a different result in the end. We saw so many people do this very well and we shouldn't really worry about this at all and could make some good result and we can't really be dealing with something bigger.

I think the best thing about bigger investment projects is that we are going to see this being basically an indicator for people and we could make some good return with it based on how much investment there is to a project. Retail or VC it doesn't matter and we could see so much money going into some projects and those are the ones that usually does well, and I am sure that if a project gets a few million dollars investment, it's hard not to do decently.

MAAManda

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There's a lot of chaos in the crypto ecosystem right now, such as the hype about games on Telegram that offer tokens to their users for playing their games, some are legit, and some are scams. So how do I make sure an airdrop is legit?

1. The Community
Look at how the community is, when it becomes a big community and is supported by various big influencers too, then we have got the first point.

2. The Team
Actually the team is not that important an issue, but if they have a team that is not anonymous, then we have already got the second point.

3. How Genuine They Are
For the hype in crypto, all the copycats will not get any luck, they will only get the leftovers of the original product, so to make sure that the airdrop will be legit, you can pay attention to this one thing.

The three points I mentioned above don't apply to all airdrops in the crypto ecosystem, I'm only referring to the chaos of games on Telegram that are currently everywhere.

coin-investor

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Quote from: ? on September 18, 2024, 05:43:01 AM

I just want to know what is the measure of a good airdrop? One of my bitcoiner friends once told me "consider every airdrop a scam until they're not". But I strongly believe that there must be some good measures for this issue as well.
What do you think?

He's right because airdrops now are so abused that we never know which one is good, so your friend is actually giving you a good approach on how to deal with these proliferating Telegram airdrops so you will not waste your effort and you will not put high expectations on these new trending airdrops.

Where the money is and what's trending in the community,, that's where the scammers will come to hatch their bad deeds so if you're going to be active on airdrops be sure you are good at tracing good and bad airdrops.

If they are not transparent and they are not building something for their project that will benefit the community, then have second thought before joining these airdrops.

Dr.Bitcoin_Strange

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In terms of cryptocurrency, airdrop is meant to me the distribution of free token to individual after performing just some simple task but these time around, project developers are beginning to add different rules to airdrop and these rules require that airdrop participants must pay certain amount of money (in a different coin) to qualify for the airdrop. If the money they are adding is fair, no body will complain but some of them are putting a very huge amount that participants need to pay and they are putting and unfair amount.

I told myself that I will not participate in any airdrop to would expect me to spend more than $1. Take for example the Catizen airdrop that some people spend hundreds of dollars to farm but the reward was unfairly distributed and some people that didn't even spend any money on the game, go more reward than those that invested on the game.

rhodelmabanal

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Airdrop is legit when its totally free and it will landed on you're wallet without any gas fee, example is DOGS token it is landed on telegram wallet automatically and there is no fee's, if there is an airdrop and you need to pay for transaction fee then that is not an airdrop it is a big scam because there is a gas involved, so be careful on choosing airdrop not all of them are legit and cam give profit some of them are scam that we can possibly loss if we don't take good care of our actions.

taufik123

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Quote from: el kaka22 on September 20, 2024, 01:58:21 PM

If you really want to make money from airdrops then you can't really consider which one is legit and which one isn't. First of all find airdrops that do not charge you any money, these days there are ones that ask for money and the moment you see that get away as far away as you can. Aside from that, if it's free then you should be doing whatever you can do to make money from it and try to do it. It doesn't matter if you apply to one or a hundred, as long as you can make some money from it then try it.
-snip-

But also need to know, it is necessary to consider how safe the airdrop is because now many airdrops are traps that can harm connected devices or wallets.

I also have no problem working on all the airdrops, but at least it's safe and doesn't cause any problems later.
Now there is no need to bother to analyze each airdrop or new project, because there is a special airdrop channel that is indeed specifically to discuss airdrops and I know a lot about the airdrops from these channels.

I have my own community on my local channel, and it's trusted with hundreds of thousands of members and admins who continue to actively provide the latest airdrops.

Now what is being hyped is the Telegram Mini App and many airdrops from the TON network, many of which have also been successful and listed on Tier 1 Exchanges.

Baki202

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Quote from: Z_MBFM on September 19, 2024, 09:10:03 AM

Payment from Airdrop is not guaranteed. And a lot of time has to be spent here. So if someone has such time then he can earn from Airdrop. By airdrop legit I look at those airdrop projects that bring a new concept and don't copy the structure or strategy of a previously running airdrop. And I've seen most of those projects do good. So you can use my strategy if you want but I won't guarantee you payment for them. Payment will depend on your luck and your own strategy and time spent

We know that the payment might not be guaranteed but I will still suggest that you do all the once you can so that when people are making money you don't miss out from it and that is one of the most interesting even if you don't make money from a particular one you will know that you have tried you best in playing all the airdrop games, missing out, because this period I have see that majority of this project are that are running this airdrop are always listening so the chances of it failing is very hard because they will try to get the publicity that they want and you will even see people that are ready to buy the coin when it is eventually released to the public after the presale and some people are even ever ready to buy and even bitcoin have a target already if how they want to engineer a way either by holding selling and then trading depends on how everyone wants it to be.

New trends keep happening in crypto and it is actually something that you will be able to invest in, they will make it more interesting, that even aside the money you will get the fun to is their and their is prosperity when it comes to crypto is now for you to do what is best, and we keep learning new things everyday, the energy will determine the momentum and the result to.

Abu-Naim

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Quote from: ? on September 18, 2024, 05:43:01 AM

In recent months, I saw a lot of new airdrops, mostly on Telegram platform. A lot of them are harmless "tap to mine" games which can be trusted (in my personal opinion). Some of them were basically giving away tokens based on your accounts age (like Dogs).
I know when these airdrops are around, they make a hype. One of my friends sent me 15 invite links the other day (and honestly, I still haven't clicked on the links) and most of them are basically these mini games. But I also saw some airdrops asking people to pay them little amounts of TON or Tron, in order to put them in a better place in a leaderboard. It seems somehow suspicious. I just want to know what is the measure of a good airdrop? One of my bitcoiner friends once told me "consider every airdrop a scam until they're not". But I strongly believe that there must be some good measures for this issue as well.
What do you think?

Your friend is right; consider any airdrop scam until they prove you wrong. Don't pay any money to get ranked among the top people to be eligible for Airdrop because it is supposed to be free, unless if you wish to do so if you like the project after your research and you find it worthy of investing in the project.
The recent trend of Airdrop is on telegram; the telegram mini games are now the latest trend of airdrop which some of the projects have paid their participants some amount of money; this trend is going viral because I don't think any form of airdrop apart from telegram based games will get attention; but it is also coming to an end because the number of scam related project been lunched is becoming alarming.

re-start

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Well, we cannot be completely sure whether a project is a scam or not. But there are several factors that can help you distinguish a legit airdrop from a scam airdrop.

1_ The number of community members (including Telegram-Twitter-Facebook and...)
2_ Project management team and their experience
3_ Telegram blue tick. I prefer to run a bot that has received the blue tick
4_ Check the project roadmap on the main site
5_ Google Search - There are many sites that warn you about scam airdrops

bastian466

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Quote from: Dr.Bitcoin_Strange on September 19, 2024, 06:53:30 PM

Quote from: bastian466 on September 19, 2024, 02:21:00 PM

In my eyes, airdrop is free and the task is easy. If there is something that is not right, I just ignore it, especially since we have to spend money to complete tasks such as having to make a number of transactions on the network and many other tasks. now they are smart we are assigned to watch a YouTube video until it is finished and in the video there are keywords that must be included in order to claim the prize, they are looking for profit in various ways, be careful we have to be more careful in choosing a project

For the aspect of making transactions on the network for you to be eligible for airdrop, those patterns were for a new layer network where they were looking for earlier users to reward them with their tokens, but you see that pattern that has been adopted and introduced by all this Telegram mini app airdroppers is just a means to extort the participants when we can't even be very sure that the launch will be successful.

If it is indeed a tool for extortion, what makes me wonder is that this mini airdrop application on Telegram produces surprising coins, such as being able to immediately list on various large and well-known exchanges quickly. but I am sure that not all of them will experience a successful launch, there must be evil parties who exploit this trend

el kaka22

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If you really want to make money from airdrops then you can't really consider which one is legit and which one isn't. First of all find airdrops that do not charge you any money, these days there are ones that ask for money and the moment you see that get away as far away as you can. Aside from that, if it's free then you should be doing whatever you can do to make money from it and try to do it. It doesn't matter if you apply to one or a hundred, as long as you can make some money from it then try it.

Even if 99% of them are fake then one of them could be legit and give you some money. I do not find the work and effort worth it so I do not personally do it, but that is my decision however if you want to do it then you could do it whenever you want to and apply to all of them.

Issa56

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If you have the opportunity to participate in airdrops, then I don’t think their is anything bad in it, but we should know that not all airdrops are going to pay, some might end up being a scam, and some might not really pay good amount of money. That’s why when participating in airdrops, the best thing to do when participating in airdrop is dont have high expectation on any project, because you might end up being disappointed at the end.

Quote from: ? on September 18, 2024, 05:43:01 AM

But I also saw some airdrops asking people to pay them little amounts of TON or Tron, in order to put them in a better place in a leaderboard.

Some of them do request that you make some transactions which you will be charged little amount of Ton for the transaction, but it’s a choice, if you don’t wish, then you can just decide to participate perform their normal tasks without putting any money.

Sayeds56

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Quote from: fikrett on September 19, 2024, 06:02:32 AM

I totally agree with you.
It's also worth noting about the potential collabs and investment institutions and entities flowing their money into it.
If they are credible - it's more likely the project won't be a Ponzi scheme.

Thanks for your comments. You are right money flow into the project is an important factor as it gives confidence to airdrop participants that management of the project has sufficient funds to distribute fair reward to the participants. I personally earned significant amount of airdrop rewards specially in L2 of Ethereum such as Arbitrum and Optimism, as both projects were backed by professional teams and projects were heavily funded bu big investors.

betswift

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Quote from: Sayeds56 on September 20, 2024, 04:39:11 AM

Quote from: fikrett on September 19, 2024, 06:02:32 AM

Quote from: Sayeds56 on September 19, 2024, 05:53:32 AM

I believe the following steps can help to make sure that airdrop is legit and it is not a scam:

1- Verify the credibility of the project by checking its website, social media channels like twitter, discord and telegram and feedback of community.

2- Check the team behind the project and their proficiency and experience.

3- Road map of the project, utility of their tokens and listing plans. No investment should be required from airdrop participants.

4- Supply of their tokens and how realistic are their airdrop distribution plans.

By following these steps, hopefully, we can reduce the risk of falling for scam airdrops.

I totally agree with you.
It's also worth noting about the potential collabs and investment institutions and entities flowing their money into it.
If they are credible - it's more likely the project won't be a Ponzi scheme.

Thanks for your comments. You are right money flow into the project is an important factor as it gives confidence to airdrop participants that management of the project has sufficient funds to distribute fair reward to the participants. I personally earned significant amount of airdrop rewards specially in L2 of Ethereum such as Arbitrum and Optimism, as both projects were backed by professional teams and projects were heavily funded bu big investors.

Those were the days. How long ago it was?

Sayeds56

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Quote from: fikrett on September 19, 2024, 06:02:32 AM

Quote from: Sayeds56 on September 19, 2024, 05:53:32 AM

I believe the following steps can help to make sure that airdrop is legit and it is not a scam:

1- Verify the credibility of the project by checking its website, social media channels like twitter, discord and telegram and feedback of community.

2- Check the team behind the project and their proficiency and experience.

3- Road map of the project, utility of their tokens and listing plans. No investment should be required from airdrop participants.

4- Supply of their tokens and how realistic are their airdrop distribution plans.

By following these steps, hopefully, we can reduce the risk of falling for scam airdrops.

I totally agree with you.
It's also worth noting about the potential collabs and investment institutions and entities flowing their money into it.
If they are credible - it's more likely the project won't be a Ponzi scheme.

Thanks for your comments. You are right money flow into the project is an important factor as it gives confidence to airdrop participants that management of the project has sufficient funds to distribute fair reward to the participants. I personally earned significant amount of airdrop rewards specially in L2 of Ethereum such as Arbitrum and Optimism, as both projects were backed by professional teams and projects were heavily funded bu big investors.

NewRanger

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Quote from: asriloni on September 19, 2024, 11:44:03 PM

Just imagine there are 10 thousand players, and they pay eight dollars to withdraw their tokens. That means they have sent 80 thousand USD to the developer to get worthless tokens.

Maybe not many people know that they only allocate 2% of their investment value for marketing. and if the result is $ 8 as you mentioned above, I think it's still pretty good, but if the participants are 5 times more than you mentioned, each participant could only get 2 dollars with a tap-tap duration of at least almost 3 months. Grin

.

Indirectly, many players become sales for their campaigns with super cheap pay.

asriloni

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Quote from: ? on September 18, 2024, 06:58:16 AM

Agreed, for example today I went to withdraw tokens from a bot and it said "you must buy a power booster first". Well, their power boosters have a start price point of around $8 (1.5 TON with the current price of ton it becomes 8 dollars). Which doesn't seem very much, but I imagine how many people may pay them and what they're doing in their withdrawals (maybe it's a ponzi scheme, eh?)

Agreed. That's how developers farm their players. This is an old method that keeps being used to milk their players. They're playing on the quantity of their players.

Let's imagine there are 10k players, and they're paying eight bucks to withdraw their token. It means they have sent 80k USD to the developers to get a worthless token.

That happens with so many telegram minigames now. You're being forced to complete the task that forces you to send some money to the developer's addy.

But i don't categorize it as a ponzi, but i'd called it as a scam app.

passwordnow

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Quote from: Lida93 on September 19, 2024, 07:21:28 PM

My thought is that these projects can just state it from the early stage that they will be demanding from their participants to pay some TON fee at towards the end of the entire tapping and task fulfilments, and not to take people by surprise when they never expected it that way.

They won't do that. Why? because the participants will lose their appetite to keep on grinding with the projects or apps that they make. If they will announce it too early, only a few serious one are going to be left and those that are willing to spend bucks with these projects but the majority of them will just leave them hanging.

Quote from: $crypto$ on September 19, 2024, 03:20:22 PM

Let's just say airdrops are free nothing you have to pay if there is something like this you can skip it sometimes this is a condition for eligibility on the other hand we think they are scamming us by sending a little TON so here you can do some research on the airdrop.

I know some airdrops on telegram now have to have a little capital outlay, because some other airdrops follow the same way as the previous airdrop.

Make sure you can see their social X.
See how big the community is.
Whether the team is known or anonymous.
But all of this doesn't guarantee that the airdrop is legitimate because it can't be confirmed yet.

The last part is what every airdrop person needs to learn about. Not all airdrops are going to guarantee money even if they will pay TON for the fees that are being asked by the project. It may go south afterwards and many will be disappointed by the outcome of it. So with this, take it as if it's also a gamble when you're willing to spend these amounts but even you'd do it for free, you're also spending your time on it even if there is no assurance that these projects are going to be successful once they're on the market or once they have concluded the airdrop period is done.

alastantiger

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Quote from: ? on September 18, 2024, 05:43:01 AM

But I also saw some airdrops asking people to pay them little amounts of TON or Tron, in order to put them in a better place in a leaderboard. It seems somehow suspicious. I just want to know what is the measure of a good airdrop? One of my bitcoiner friends once told me "consider every airdrop a scam until they're not". But I strongly believe that there must be some good measures for this issue as well.
What do you think?

Listen to that your friend and you'll be safe from scams because alot of Airdrops are either a scam or a waste of effort. Never should you pay for any airdrop to be sent to your wallets because they're always a scam as the scammers are only after the fees that you want to send. An airdrop should be free or have little efforts as tapping and the micro tasks that require you to like a post or share the posts they make to help advertise the project to your followers and others. An Airdrops being legit still might not pay you because they can decide to stop working on the project or it doesn't just get the right amount of attention that was expected for the Airdrops. As an airdrop hunter, you can hunt for all airdrop that doesn't ask you to pay or download suspicious apps or links. Airdrops that aren't being done by many people should be avoided too because for an airdrop to be successful, it needs population.

Lida93

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Quote from: Charles-Tim on September 18, 2024, 05:53:45 AM

Quote from: ? on September 18, 2024, 05:43:01 AM

But I also saw some airdrops asking people to pay them little amounts of TON or Tron, in order to put them in a better place in a leaderboard.

This is how scam was in airdrops in the past. Many will become scam. Do not pay.

Well not all airdrops project that demands people to pay some little amount of money are scam because even genuine projects in the past that actually airdropped did requested for their participants to pay a little token before becoming completely eligible. It's just bad that there are many scam airdrop projects out there than the genuine ones hence the discouragement whenever the idea of paying money as part of task is initiated because it's difficult to differentiate between the genuine from the fake until they eventually airdropped.

My thought is that these projects can just state it from the early stage that they will be demanding from their participants to pay some TON fee at towards the end of the entire tapping and task fulfilments, and not to take people by surprise when they never expected it that way.

Topic: How do you make sure an airdrop is a legit one? (Read 315 times)