I thought gasdao token worth something when i post about their airdrop. I saw your post in local board announcing it. Without doing enough searches, i thought it's like uniswap airdrop.
Thanks for your response. The concept as you've described is a total bullshit. those token won't ever have a value.
I thought so too. $GAS hit an ATH $0.0005 when it first launched in December but then quickly plummeted as many people claimed their token. With $WFT, while it got to $0.2 ATH, it's just a freaking failure when it was launched, there's even a problem with their liquidity that at the time, people who claimed their $WTF token airdrop can't even sell the damn thing and don't forget the stupid service fee.
I think the problem was, most of these tokens have no clear utility prior to launch so people have no reason on keeping them hence the inevitable dumps.
$FEE from Fee.io currently has planned utility for their upcoming token airdrop but recently, a massive red flag was raised over this project all because they are requesting people to help them raise liquidity.
Supposedly, users who supply liquidity will get a 20% discount on the listing price for the tokens supplied, claimable only when the airdrop is launched.
You can tell by the replies on their tweet about it that many people are upset. LOL
Source:
https://twitter.com/FeeToken/status/1486315007319105537https://medium.com/@feetoken/initial-liquidity-raise-for-fee-launch-c21e7822dcae
