Although I didn't joined airdrop ,but I don't think why need to penalize airdrop hunters? It's not their fault to receive free tokens because it's the project decision to give some free tokens as part of their marketing. And if that was their plan and strategy they should not be surprise if ever the value of their tokens dump after giving airdrop because that was already expected to happen. So, I think don't blame the airdrop hunters, instead the project team should know the result of their airdrop token and must have a plan to maintain the value of their tokens despite the hunters sell and dump. Also, the project is the one with the ability to control their free tokens for airdrop hunters to avoid dumping.
There are projects that are still successful even when airdrop hunters throw away their tokens. Maybe they have a back up plan or their project really has a use case so the airdrop effect isn't much.
Topic: Is it good to penalize airdrop hunters? - page 6. (Read 1011 times)
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Well I am not sure how directly it would affect investor, since mostly airdrops should be just a decimal portion of the total token/coin. I don't see any reason for any project to overdo their airdrops, unless they are really desperate for attention.I guess this is why some airdrops also implemented KYC verification. As much as I hate that process, it can be somehow beneficial at some part.
This will apply both good and bad sides of the projects for its doing such campaign for new projects will certainly have an edge to gather more supporters, community and possible investors of the project. Putting a penalize on airdrop users will not be the answer of price dumps once project is listed on exchange. There are better ways of filtering these kind of distribution on participants to prevent dump and to secure sustainability of the project in the future.
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I stopped joining airdrops long time ago, and surely some would have done the same as well.It's quite good idea for a project to do the same as what you mentioned in the OP, since it is indeed vulnerable to abuse. People making an alts here and there with their fake information. I wouldn't term that "penalizing" though. I would describe it as limiting the users involved like what tsaroz mentioned "lucky draw". It is not 100% foolproof, but it surely reduces abuse. I believe some airdrop "hunters" dump the coin anyway, so what if the platform just decided to limit it. There would be lesser number of people dumping their coins, though I know that even common airdrops aren't that much of a percentage out of the total supply.
Will it do any harm to crypto? No. I don't think that attention to crypto is highly focused on airdrops anyway. Many airdrops turned out to be a scam long time ago and if that hurt crypto, there wouldn't be that many of newer projects coming right out these days already.
As for me, it's the project's part to limit their participants. It's necessary to control the number of abusers. It will be beneficial to the project as well as the investors. It wuuldn't harm crypto because we really need to balance everything even the rewards distribution. There are honest participants but there are even more abusers.
Indeed most of airdrop hunters only care how to make money and most of them looks don't care about the future of the particular coins but in my view penalize the airdrop hunters cannot solved these issue because there is no guarantee the coins price will always be stable although the Devs giving low distributions to airdrop hunters and i think the keys is to the Devs themself that how far they can maintain market support or popularity of those coins
To be honest i never see a project that pay hunters for not doing anything especially when it comes airdrop, because usually there's always a task, wherein basically in order to spread the name of the projects around the internet they provide task in social media which common ways ever since before. And why need to punish airdrop hunters? I don't know if it make sense, because its not their job anyways to keep the project good all the time. 
if they all dump it's their decision and that's their reward wherein no one can stop them.
if they all dump it's their decision and that's their reward wherein no one can stop them. 
I think that projects should not punish airdrop hunters because the projects themselves are responsible for this. If something went wrong as the team intended then this is team problem because the hunters aren't to blame here because their motivation should be clear for projects from the very beginning.
If the team has no way to solve such a trifle then what kind of development on their part can we talk about?
If the team has no way to solve such a trifle then what kind of development on their part can we talk about?
Airdrops are a great way to attract people into newly-fond crypto projects. They're basically "free money" for not doing anything in return. Some projects have been widely successful after an airdrop, while others have gone all the way down the drain. There's been a upsurge of airdrop hunters looking to "milk rewards" from the system, effectively dumping all of their coins/tokens on the market for profit. While most projects have been quite flexible in the eligibility for an airdrop, one project decided to take the stand by adopting measures to prevent abuse. Parachain Swap's airdrop has been quite controversial as it only rewarded a small portion of its users. The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.
Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
Airdrop mostly with small tasks which you can do it in 10-15 minutes depending on the tasks, the project will search for an awareness first before they're launching public sale. The real problem is there's a lot of cheater in airdrop hunters which made the project after listing dump so hard there's like no one really supports the project and only wants free $$
Airdrops are a great way to attract people into newly-fond crypto projects. They're basically "free money" for not doing anything in return. Some projects have been widely successful after an airdrop, while others have gone all the way down the drain. There's been a upsurge of airdrop hunters looking to "milk rewards" from the system, effectively dumping all of their coins/tokens on the market for profit. While most projects have been quite flexible in the eligibility for an airdrop, one project decided to take the stand by adopting measures to prevent abuse. Parachain Swap's airdrop has been quite controversial as it only rewarded a small portion of its users. The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.
Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
in fact, the projects that conduct such airdrops hope to attract a specific audience to the project, perhaps potential investors or just advertising, and as a result, bots and multiaccounts are obtained that harm the project.But it all depends solely on the projects, because everyone remembers 400 UNI where there was a distribution for huge sums, now the project is top of its kind and hyped very well at that time.I'm for justice!) Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
I like Retro Airdrops more to attract activity to the project. For projects this is better than an airdrop because the project can filter out multi-accounts.
Such distribution of coins or tokens does not harm the project if they have distributed no more than 1% of the emissions.
Such distribution of coins or tokens does not harm the project if they have distributed no more than 1% of the emissions.
Airdrops are a great way to attract people into newly-fond crypto projects. They're basically "free money" for not doing anything in return. Some projects have been widely successful after an airdrop, while others have gone all the way down the drain. There's been a upsurge of airdrop hunters looking to "milk rewards" from the system, effectively dumping all of their coins/tokens on the market for profit. While most projects have been quite flexible in the eligibility for an airdrop, one project decided to take the stand by adopting measures to prevent abuse. Parachain Swap's airdrop has been quite controversial as it only rewarded a small portion of its users. The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.
Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
That airdrop was quite funny to behold. But I don't believe its wise to penalize these people. They are doing the work required of them and should be rewarded accordingly. However, if a project wants to limit dumping, then perhaps they should limit the airdrops supply (1% max being handed out). For blockchains to reach critical mass, I firmly believe they should impact all our lives positively, and they can, and this is another extension of how we can get that to occur, with little to no risk/investment.
Airdrops are a great way to attract people into newly-fond crypto projects. They're basically "free money" for not doing anything in return. Some projects have been widely successful after an airdrop, while others have gone all the way down the drain. There's been a upsurge of airdrop hunters looking to "milk rewards" from the system, effectively dumping all of their coins/tokens on the market for profit. While most projects have been quite flexible in the eligibility for an airdrop, one project decided to take the stand by adopting measures to prevent abuse. Parachain Swap's airdrop has been quite controversial as it only rewarded a small portion of its users. The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.
Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
I don't think that it's a good idea.Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
The more evenly the rewards are distributed, the more likely there is community hype and liquidity around the project, and the more chances of the project actually being successful.
Makes no sense to penalise those who helped your brand to get to where it is.
I also think the same, bad idea blaming and penalize airdrop hunters. Because from the start the project team decided to promote projects through
the airdrop program. So they have to know the risk that the airdrop hunters will sell the coins they get as soon as possible. Therefore the project
team must have careful planning, do not allocate supply with a large percentage for airdrops. After all, if we think about it carefully, what makes
the price of a project fall is not because of airdrop hunters. But investors who buy these projects in large quantities, if they sell them will make
the price of the coins dump.
After all, airdrops are the most effective way to attract many people's interest in a new project, the most important thing is to distribute
airdrops properly. Due to the fact that humans really like free money, what is needed is to limit the coins allocated for airdrops, after that
set the airdrop distribution schedule, don't be too quick to share airdrops. If the project team do an airdrop program with careful calculations,
there is a possibility that the promotion of the project will be successful.
Now many new airdrop with dex exchange and giving much value for participants, last airdrop bico testnet where many member received more than 20k$. I am very surprise because why left this best airdrop and hope one day can get bigger amount reward from airdrop project. Keep trusted and believe with airdrop project because faster to earn money.
Amazing it's really a great gift for airdrops and I'm interested again to join the airdrop again it seems,fast or not in making money of course also depends on the aridrop project that we follow,
participating in the airdrop does take patience and keep believing that it can be profitable
Airdrops are a great way to attract people into newly-fond crypto projects. They're basically "free money" for not doing anything in return. Some projects have been widely successful after an airdrop, while others have gone all the way down the drain. There's been a upsurge of airdrop hunters looking to "milk rewards" from the system, effectively dumping all of their coins/tokens on the market for profit. While most projects have been quite flexible in the eligibility for an airdrop, one project decided to take the stand by adopting measures to prevent abuse. Parachain Swap's airdrop has been quite controversial as it only rewarded a small portion of its users. The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.
Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
I don't think that it's a good idea.
The more evenly the rewards are distributed, the more likely there is community hype and liquidity around the project, and the more chances of the project actually being successful.
Makes no sense to penalise those who helped your brand to get to where it is.
Now many new airdrop with dex exchange and giving much value for participants, last airdrop bico testnet where many member received more than 20k$. I am very surprise because why left this best airdrop and hope one day can get bigger amount reward from airdrop project. Keep trusted and believe with airdrop project because faster to earn money.
Amazing it's really a great gift for airdrops and I'm interested again to join the airdrop again it seems,fast or not in making money of course also depends on the aridrop project that we follow,
participating in the airdrop does take patience and keep believing that it can be profitable
I guess they'll attract more investors if they will only allocate a little portion of their supply for airdrop, and that is regardless of the number of airdrop participants who wants to join, besides, the supply for the airdrop is fixed, so the more the participants, the lower they'll receive individually.
You can make a system regarding that, but always make sure everyone receives an airdrop so no one would complain as a mere word even without evidence has a risk to destroy the project's reputation.
You can make a system regarding that, but always make sure everyone receives an airdrop so no one would complain as a mere word even without evidence has a risk to destroy the project's reputation.
Airdrops are a great way to attract people into newly-fond crypto projects. They're basically "free money" for not doing anything in return. Some projects have been widely successful after an airdrop, while others have gone all the way down the drain. There's been a upsurge of airdrop hunters looking to "milk rewards" from the system, effectively dumping all of their coins/tokens on the market for profit. While most projects have been quite flexible in the eligibility for an airdrop, one project decided to take the stand by adopting measures to prevent abuse. Parachain Swap's airdrop has been quite controversial as it only rewarded a small portion of its users. The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.
Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
Most of them are scammers who just want to attract attention. And then even if you get tokens, they either cost nothing or the price is ridiculously low. There are very rarely worthwhile projects. Long ago I stopped wasting time on this. It does more harm than good. Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.
The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.
For this reason I decided to stop joining Airdrop. The income from the airdrop is less than the usual bounty program. Although paid most of the coin are not listed on the market. Actually, the developer's goal is to launch an Airdrop program to expand their network. Of course, this is often used by airdrop hunter. Airdrop participants are happy to take the time to share or click like on their social media with the aim of being able to get free token rewards.
I don't want to say 85% Airdrop scam, If participants find something wrong with one of their social media accounts, such as an unconvincing display or their newly created social media account. Better leave it alone, because there are suspicious indications.
Airdrop participants should study carefully the clarity of the airdrop first. Like the team, dev, website, smart contract and most importantly the whitepaper. Only then can you make a decision whether you want to join or not.
More and more airdrops certainly show that more and more coins with obscure projects are popping up. Things obtained for free are only used to make shitcoin deposits without a clear project in exchange for uncertain value. Only a fraction of the airdrop is real and it's worth it.
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I believe that the one should be penalized are the ones who caught cheating and doing fraudulent from doing something in bounty or airdrops. There are some airdrop campaign that has really simple task and some are also has many tasks in such way that all of the project's social media are posted upon however some airdrop hunters are cheating that they would get other's work by copying the work and yet change the rewards addresses in order for them to get it. So, they are the ones should be penalized, and not all necessary airdrop hunters.
Copying of work is your list of concern since there's a serious issue involving on airdrop which is the multi account participants. Copying of others work is very rare and I believe you are pertaining to social media bounty campaign and not the typical airdrop which only requires to follow the project social media account and Like some of its post. Multi account cheaters is the main reason why airdrop always result to failure. They are giving huge amount of free money to a single user using multi account just dump it immediately on an exchange.
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