Airdrops: the Good, the Bad, and the Scammy
The Initial Coin Offering (ICO) world has often been described as the “Wild West” of the technology space. Nowhere does this seem more apparent than when marketing a token sale, which is an adventure through murky waters on the best of days. Scams are rampant, not just in token sales, but in the products marketed to the founders of companies running token sales as well.
Airdrops are the granting of free tokens to individuals who in exchange provide a source of viral marketing to the company granting tokens. The activities can range from sharing a link to the company on social media, signing up as a member of a messaging platform such as Telegram, participating in a contest, or bug-testing a beta launch. Telegram message boards and Twitter feeds are full of people seeking out easy money from airdrops, and the appeal of free tokens can feed a form of greed that makes intelligent people lower their guard and fall victim to scams.
Airdrops are not all bad. They are one of the most common methods employed by token offerings to engage large numbers of users, raise awareness of the project, and fill social media channels quickly. When performed properly, they can be used to launch a massive marketing campaign without risking large amounts of precious capital for early-stage fundraising.
However, airdrops are often poorly designed and managed, becoming a dilutive waste of token supply. The “free token” ecosystem is a target-rich environment for scammers, full of new users looking to make a quick buck and absent of due diligence. Whether it is bots and fake profiles filling the entry limits to the max, or flat-out ICO scams aiming to prey on large amounts of unwitting users quickly, there are numerous inefficiencies and pitfalls plaguing the current airdrop market. And if these bad actors are allowed to continue at this pace they run the risk of raising regulatory red flags and ruining airdrops as a legitimate marketing method for other companies.
Source link: https://medium.com/cryptoweek/airdrops-the-good-the-bad-and-the-scammy-25a62eddb189
Topic: I dont think beginners should start with airdrop anymore - page 2. (Read 516 times)
I as a newbie started with airdrop and lately discover bounty and different way to earn money its not about where you start its for your discovery as long as you surf airdrop will not be the one that you will earn, i see many threads giving newbie a tips and strategies i hope they read it first as some part of forum pinned it
They will and you can't stop them. Airdrops aren't a bad thing, I for one, earned $700 in just two airdrops back in 2018.
Airdrops and bounties are here, the only thing i can see bad is the endless spam on bounty threads.
most of us here joined bounties for sure, but back then we're not required to post report on bounty threads which is very annoying and that's why i already stopped joining it. The only thing i'm in now is the high quality signature campaign.
Airdrops and bounties are here, the only thing i can see bad is the endless spam on bounty threads.
most of us here joined bounties for sure, but back then we're not required to post report on bounty threads which is very annoying and that's why i already stopped joining it. The only thing i'm in now is the high quality signature campaign.
Was it ever worth to claim airdrops? I never tried to do that, so I have no idea. For those who have tried, maybe you can tell how much $ you were able to get from best airdrops?
It depends where you are from. Is $10 for lets say 3 airdrops a lot of money to you? In my country thats 2-3 beers. In other places it is barely pocket change and in poor Asian or African countries it could mean putting food on the table for a week. I think airdrops are no longer meant for those living a fine life style and are oriented towards third world countries but of course they cant advertise them as such. 
Personally I won't join most airdrops right now and I'm doing it only when I see potential in the project.
And sometimes there's a wrong belief that the project has the potential but turns out to be not.Too much for airdrops today, they are requiring such things that has been mentioned which I think isn't worth to do anymore. The other issue with these airdrops, many of them won't pay and has the guts to scam participants.
Most if not all airdrops require your email, mobile number, and personal information to submitted(though you can fake your personal info), and some even going as far as requiring KYC, which is significantly more dangerous.
Some even require you to sign up to their website with an email and password. As evidenced by the general caliber of bounty hunting spammers on this forum, most people chasing airdrops and bounty campaigns have very low technical knowledge and very poor security practices. I have no doubt that many people whose web wallets or exchange accounts are being hacked are because they signed up to some sketchy altcoin website with the same email/password that they use on several sites.Also, as you say, having your identity stolen can have life-long ramifications and costs you tens of thousands of USD/EUR/GBP/whatever to sort out. Risking that for a handful of worthless tokens is crazy.
It's not worth it. Most airdrops are just a means of collecting your personal data and contact information to be sold for profit in email lists or similar. At most, you might gain a handful of cents or a buck or two. Bounty campaigns are hardly much better.
Sad but true. Back in early 2017 airdrops and bounties both were very lucrative. You could earn hundreds of dollars in eg. Twitter and Facebook campaigns per month. Nowadays, they are both not worth the effort anymore.I took part in 3 signature campaigns in 2019. All of them were promising projects, one even had a working MVP. None of them was listed on an exchange, one project didnt even pay the tokens. So I had 3 month of effort without getting paid a single cent.
they do little task like follow a twitter page or like a Facebook they mostly dont get the reward
that is not "airdrop" that is a "payment" for a job that they do. the job is small and meaningless (an advertisement of sorts) but it still is a job and they are getting paid for doing it so you can't call it an "airdrop".
a real airdrop is when the Byteball team gave away coins to anybody who owned bitcoin at a certain block height and downloaded their wallet. another example is bitcoin-cash which gave away free coins to anybody who had bitcoin.
neither one of airdrops or these payments have ever been good for beginners. they both add complications and require the beginner to download another wallet and most of the times the altcoin wallets are pretty bad and in some cases some of them even contained malware.
If i am not wrong Airdrop were given in 2016-17 , where you just have to fill the form and give the wallet address of the said coin and you get free coins according to your rank or certain limit. But after 2018 even in Airdrop they started to give small tasks to fill so they get paid and that too the reward profit is too less as lot of users join Airdrop and distribution gets low so Today earning in Airdrop is just like earning in faucet.
What OP is telling about is social media bounty where you have to follow the project and like and share their post. and you get reward for that and that too is very low in today market as in this bounty also lot of users join and the reward split gets low
they do little task like follow a twitter page or like a Facebook they mostly dont get the reward
that is not "airdrop" that is a "payment" for a job that they do. the job is small and meaningless (an advertisement of sorts) but it still is a job and they are getting paid for doing it so you can't call it an "airdrop".
This. And also, you're pretty much paying them with your data. Most if not all airdrops require your email, mobile number, and personal information to submitted(though you can fake your personal info), and some even going as far as requiring KYC, which is significantly more dangerous.
If airdroppers think their personal information is worth a few cents(or sometimes worth zero) of shitcoins, then ok.
they do little task like follow a twitter page or like a Facebook they mostly dont get the reward
that is not "airdrop" that is a "payment" for a job that they do. the job is small and meaningless (an advertisement of sorts) but it still is a job and they are getting paid for doing it so you can't call it an "airdrop".
a real airdrop is when the Byteball team gave away coins to anybody who owned bitcoin at a certain block height and downloaded their wallet. another example is bitcoin-cash which gave away free coins to anybody who had bitcoin.
neither one of airdrops or these payments have ever been good for beginners. they both add complications and require the beginner to download another wallet and most of the times the altcoin wallets are pretty bad and in some cases some of them even contained malware.
Was it ever worth to claim airdrops? I never tried to do that, so I have no idea. For those who have tried, maybe you can tell how much $ you were able to get from best airdrops? Because I remember that people always were saying that aidrops is just a waste of time.
If the project is really interesting and outstandig of other projects (that's not necessarily difficult for a project of value right now) the airdrop can be a good decision. There were many in the past and people doing them were very lucky.
If the project is really interesting and outstanding, they don't need to make airdrop to drag attention because they just will sell all their tokens during ICO. 
If the project is really interesting and outstandig of other projects (that's not necessarily difficult for a project of value right now) the airdrop can be a good decision. There were many in the past and people doing them were very lucky.
Airdrops for shitcoins like 99 percent of all ICO are mostly a waste of time but it's not possible to predict which projects will be good. When they launch an ICO it's just a prediction based on already known factors.
Personally I won't join most airdrops right now and I'm doing it only when I see potential in the project.
Airdrops for shitcoins like 99 percent of all ICO are mostly a waste of time but it's not possible to predict which projects will be good. When they launch an ICO it's just a prediction based on already known factors.
Personally I won't join most airdrops right now and I'm doing it only when I see potential in the project.
If you're looking for more productive things to do on this forum to earn BTC, the Services Section is chock full of opportunities and potential tasks/jobs you can do to get some cryptocurrency, like making signatures for signature campaigns and bounties and more. Airdrops are only a small level above faucets at this point in time (they're both bad uses of your time), and they're also far less profitable to participate in than they were back when the great 2017 bull run was happening, as less money's invested into newer coins overall now.
I do agree that earning cryptocurrencies for free (without investment) can be done, but it's really time consuming and depends on a lot of efforts and time available.
It's not worth it. Most airdrops are just a means of collecting your personal data and contact information to be sold for profit in email lists or similar. At most, you might gain a handful of cents or a buck or two. Bounty campaigns are hardly much better. The vast majority fail to ever make it to an exchange, and of the ones that do, the vast majority of them are similarly worth a few bucks at best. The chances of making serious money on airdrops or bounties is minuscule.A much faster and more reliable way to earn cryptocurrency is to get a regular job, and either be paid in bitcoin or use your fiat earnings to buy bitcoin. You also have the added bonus of not being hated by all your friends and family for spamming their social media with ads for trash coins, and not being hated on the forum for spamming your signature with one liners.
snip [long sentence]..... but what most don't understand is Patience is key in the crypto world and it takes a whole lot of time to get the basics
There is no clear meaning in your paragraph. Simply because there is no conjunction between the sentence before the word "but" and the sentence after.Always keep in mind that: The integration of the word "but" is to coordinate sentences or words in the same clause. But, this have to be in the proper context. And there is no proper context between "false hopes made by newbies who join airdrops/bounties" and "patience in the crypto world".
I do agree that earning cryptocurrencies for free (without investment) can be done, but it's really time consuming and depends on a lot of efforts and time available. As a result, i would not recommend anybody to try earn cryptocurrencies for free; cryptocurrencies are playing the same role of money, and there is no free money, AFAIK.
About "patience" in crypto, it's another different subject, mainly related to traders and holders.
Airdrops and bounties are still the easiest way to earn cryptocurrencies but that doesn't make it a get rich scheme, what happens to most newbies is that they partake in different airdrops and bounties without making research about the project thereby partaking in scam airdrops and bounties whereas some have a site or social media channel/page that does the research about the project but the newbies dump it immediately it gets listed.
Most of newbies always do Airdrops before they know about bounty and more legit way.
Like me, before i learn in Bounty, i always follow any airdrops from users who send me refferal link.
I think a old airdrops player is always find newbie users to join in there reff link.
Like me, before i learn in Bounty, i always follow any airdrops from users who send me refferal link.
I think a old airdrops player is always find newbie users to join in there reff link.
Starting with airdrop gives most newbie false hopes because most people that are new to crypto universe are mostly here for a get rich quick scheme and when they do little task like follow a twitter page or like a Facebook they mostly dont get the reward they are hoping for which after a while they get tired and start saying bad things about crypto..... but what most don't understand is Patience is key in the crypto world and it takes a whole lot of time to get the basics
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