I personally don't believe that airdrop hunters should be punished or penalized except if they do not follow the rules, and this aside, airdrop hunters are paid to do some manial jobs like following twitter and retweeting and linking post, joining telegram groups and other tasks, so this is to correct the op that money paid to airdrop hunters are not totally free, they are paid to perform a task which literally you won't have interest in without the incentive.
It is unethical to penalize or punish airdrop hunters who follow and fulfilled all the tasks required, you launched the campaign yourself, no one forced you to do it, why then should you turn and punish your customers???
Topic: Is it good to penalize airdrop hunters? - page 8. (Read 1027 times)
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
The only thing I see airdrop hunters are good in are the dumping of tokens. Apart from that nothing else. Airdrop hunters can make the price of a coin turn from $0.1cent to $0.004 within hours of distribution. The funniest part of it all is that they tend to dump the coin sent to their wallet at the same time.
The best way to follow airdrop hunters is to reward them with a small number of dollars that will be distributed after 3months of the ICO
The best way to follow airdrop hunters is to reward them with a small number of dollars that will be distributed after 3months of the ICO
but are you really sure with that? the percentage given to airdrop hunters is very small as compared to those buyers with very high bonuses or as compared with the dev team's possession. so if in case airdrop coins will make a dent on the market, it should be not that much or only short period of time. if the project is strong, it can easily goes up because the amount allotted for these airdrop hunters are only small.
what i noticed sometimes is the team will blame the hunters but if you look at the numbers, it is not the hunters who caused the decline but the team itself or the buyers who dumped their own coins. unless, the team is allotting more than 50% of their total supply to the hunters, which is not the case.
The only thing I see airdrop hunters are good in are the dumping of tokens. Apart from that nothing else. Airdrop hunters can make the price of a coin turn from $0.1cent to $0.004 within hours of distribution. The funniest part of it all is that they tend to dump the coin sent to their wallet at the same time.
The best way to follow airdrop hunters is to reward them with a small number of dollars that will be distributed after 3months of the ICO
The best way to follow airdrop hunters is to reward them with a small number of dollars that will be distributed after 3months of the ICO
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 think yes, but it would be difficult to sustain the penalties for now, because the airdrops hunter's are a very large community and naturally they can affect the project, for example when they dump it affects the price of any project token they had just dumped, the only way I think this should work is giving them locked airdrops where their reward would be there for them, but they would be forced without option of dumping their rewards, this in the future would be good for the project and the airdrop hunters 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.
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.
Why would do they penalised though? I mean as you have said, airdrops and airdrop hunters has been in crypto space since 2017 (if my memory serves me right), so why now penalised them?
If there is one to be penalised, it should be the projects that take advantage of airdrop bounty hunters because they are not rewarding them on time and on the contrary, scamming them. And I doubt that there's someone or some group that will penalised anyone here as crypto is decentralised.
Airdrop hunters have now expanded a lot more, what I expected, it can even be said that airdrops are called free money seekers with a lot of hunters doing, but it's all still according to the developer's provisions whether they are able to control airdrops and whether there is a positive or negative impact .
What I know is that every project always has a mature airdrop plan and we already know that maybe airdrop hunters get thousands of dollars from what they do, this really helps their project so that it develops more, if they fail it's not the hunter's fault but the developers can't do it the best for the project.
which I know like Uniswap, PCS and other DEX exchanges always have airdrops with different tasks.
What I know is that every project always has a mature airdrop plan and we already know that maybe airdrop hunters get thousands of dollars from what they do, this really helps their project so that it develops more, if they fail it's not the hunter's fault but the developers can't do it the best for the project.
which I know like Uniswap, PCS and other DEX exchanges always have airdrops with different tasks.
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?
I would imagine "people who chase free money" could get mad as much as they want to and it would not hurt crypto as a general market. I mean sure it would hurt that token or that project and that is expected and they are aware of it when they do it as well. However that will not change anything in crypto as a whole.Crypto could go up or down based on people buying and selling, the more money you have the more you can change the direction of crypto, if we are talking about people who are chasing free money then I doubt that we could actually end up with anything that would matter since they obviously do not have too much money. If they had so much money to matter and care, then they wouldn't be chasing for free money and since rich people do not care about 5 bucks free given, then I doubt that even that project could be impacted all too harshly.
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.
There's a thing or two to be done when you want an airdrop, it's not totally free, the least you can do for them is join there public channel like telegram or discord. Airdrop has it's pros and cons, they knew that and still does it for it gives a lively market, the coins are alive trading when it goes to an exchange. I remember selling an airdrop coin and ends up buying more.
Usually from what i see, airdrops or bounties only take small portion from total supplies of the coin. If dumped because airdropper, it only small chance except the coin really have small volume in it. And who mostly got a big chance to dump their coins is who bought at cheaper price because like me and some of people i know, they who got at cheaper price from ICO will immediately sell their coin and change to other projects. Penalizing is bad idea because it can be prove that developer not really seriously to work on their coins because only afraid if dumped by airdroppers, and maybe which make it worse is when a lot of airdroppers put complainment, and cause potential investor not joined to project that have problem.
The only airdrops that makes sense are swap Dex platforms like uniswap or 1inch, just use them and hope for token launch, we've seen shapeshift and paraswap doing this in 2021 so try as much as possible to always use Dex swap rather than doing tasks to earn airdrops
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.
If a project decides to organize an airdrop and the participants carry out their tasks in the best way possible, I think they should be paid their reward as soon as possible, and they should obviously be free to do whatsoever they want to do with the tokens they receive and they also should not be held accountable for the failure of the project if that happens. It's up to the project developers to continue working on their project and trying to develop it's ecosystem even after the airdrop is over, I think it's a cheap excuse when project owners/developers put the blame on airdrop hunters when their project fails.
AirDrop has been introduced in the forum mainly due to some poor countries so that they can earn some money. But if they do not pay this money then it would be better to take measures.
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've been an airdropper before and I tell you this, it's really hard to earn a penny if you're unlucky with getting a good project. The rewards for airdrops are very small compared to the presale holders tokens which is why you can't blame the tokens dumping because of airdrop. In fact, airdrop is one of the cheapest way to advertise a project. It's obviously common sense to sell tokens after getting them because they earned it. All the work airdroppers do are not free of course depending on the project. There's no free airdrop nowadays anyway, it's more on referrals and things like that. If airdroppers don't work, they won't earn even a single dollar.
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 do think if that's a good idea. The only problem was so many airdrop hunters are looking for fast money and they didn't even care about the long-term project. So many of these airdrop hunters just wanna dump the tokens to the market. The reward should have been given to the real supporters who have been supporting the project since the start. I should remind you that after uniswap airdrop so many people have been trying to do swap in all of swap platforms just to be eligible to get the reward once the developers issued the tokens like uniswap. 1inch case also reminded us about that. Paraswap was not so big as uniswap and that's the best thing to do by the developers to give reward to the real supporters. I do support the chance that already made by the paraswap chain. This will make more developers aware to give the reward only for the real active users of platforms. Airdrop hunters meant nothing. Even if there was no airdrop and they will be fine. Airdrop just a way to raise awareness from the crypto users. 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 hunters that are moving on from project to project and immediately dumping all the tokens once they have received them are never good for a project and i would also add that i am pretty sure that most "professional" airdrop hunters are also cheating. They simply create 30 different telegram, twitter or whatever accounts and then get rewards for 30 participants. When i invested money into a project i always hope that there is no free airdrop or stuff like that because that only attracts those airdrop hunters and once the campaign is over they are gone, never seen again and have added zero value or benefit to the project.
For not doing anything in return? That's not true new projects needs to shill on social media that's where airdrops comes in handy, they ask airdrop hunters to follow their accounts on Facebook, Twitter and Instagram, even telegram and also retweet some posts and tag some friends along, for the fact that airdrops aren't worth much I believe it's not for free
One thing that can attract people to like the project is the partial airdrop program. For legal matters, it depends on the situation which logically does not facilitate the existence of the law. now many telegram groups can strike back at any project if there is a distribution problem or fraud in it. usually the hunters will attack the project's social media accounts until they are turned off?? 
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 won't agree that the reason for the price decline is just because of they didn't airdropped to all the participants, in fact the price will be declined more if more tokens were dumped if we look this technically. But its a strategy from the development team which is in practice from 2017 even in the bounties which is like suddenly the team will ask the participants to complete KYC after the completion of rewards and one who failed to submit won't get any rewards no matter they did every task and they also say a reason which is they don't want the alt accounts to abuse their rewards. 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.
as far as I know, airdrop hunters do some light work to get their rewards like registering, liking, tweeting, sharing, and so on. it is not done for free. for a project itself, airdropping is a cheap advertising price.
I don't really understand why we need to penalize airdrop hunters for selling their assets. however, as developers, they should see the risk. if they don't want airdrop hunters to dump the price, limit the tokens to be shared, or pay using stable coins. it could be an alternative. however, airdrop hunter also has a small risk when doing tasks such as preparing to be unpaid or other things.
Actually, there are many ways to prevent airdrops from backfire for the project, but I don't think this is the airdrop hunter's fault.
Note : I'm not an airdrop hunter, even I very rarely do tasks for airdrops.
I don't really understand why we need to penalize airdrop hunters for selling their assets. however, as developers, they should see the risk. if they don't want airdrop hunters to dump the price, limit the tokens to be shared, or pay using stable coins. it could be an alternative. however, airdrop hunter also has a small risk when doing tasks such as preparing to be unpaid or other things.
Actually, there are many ways to prevent airdrops from backfire for the project, but I don't think this is the airdrop hunter's fault.
Note : I'm not an airdrop hunter, even I very rarely do tasks for airdrops.
~
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 much of newer projects coming right out these days already.
I don't have exact knowledge about this particular airdrops but many of them are limited to the number of users and are either lucky draw (like most hosted in coinmarketcap) or gaining more points through it's social contest. But if the particular project promised coins for every participants and went on to withdraw it's promise, that's a scam.
There are measures projects are taking to stop airdrops from being dumped like freezing the rewards and releasing in smaller batches which could be justified. But there's no justification in failing to delivered what's promised without any valid reason.
There are measures projects are taking to stop airdrops from being dumped like freezing the rewards and releasing in smaller batches which could be justified. But there's no justification in failing to delivered what's promised without any valid reason.
Jump to: