Manifesto on airdrops trivialization

libert19

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Quote from: wxa7115 on December 16, 2023, 12:19:53 AM

When it came the bitcoin forks you received them without doing anything, the only inconvenient was to learn how to claim them, but this was not really that difficult.

However airdrops these days are really disappointing, as you have no idea of the requirements so all your efforts could be wasted, while the developers and other related people knew of those requirements beforehand and could manipulate the results so they receive the majority of those coins without raising any suspicion there is foul play on their part.

I find them similar. You didn't know when forked coin would pop-up, when was snapshot taken.

Regarding current airdrops, If you don't try to farm them, rather engage with projects normally, and if particular project does airdrop, it would be just like a normal airdrop; you didn't do anything to earn it.

wxa7115

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Quote from: libert19 on December 10, 2023, 07:03:38 AM

Quote from: MIner1448 on December 10, 2023, 01:30:32 AM

It's possible that the airdrop model will continue to evolve in the future, with developers looking for new ways to attract attention and create an engaged community. In any case, participating in airdrops now requires more effort and attention to detail, and it is important for investors to be vigilant and review the terms of participation before participating in such events.

True, we have come from getting free forked coins for holding certain coin (for example: BTC forks), then in 2017 era, you simply had to give your crypto address and you'd receive your coins, and now we are in trend of retrospective airdrop, rewarding for past activity.

Let's see what airdrop evolution has for us in store for next halving (2028 one).

When it came the bitcoin forks you received them without doing anything, the only inconvenient was to learn how to claim them, but this was not really that difficult.

However airdrops these days are really disappointing, as you have no idea of the requirements so all your efforts could be wasted, while the developers and other related people knew of those requirements beforehand and could manipulate the results so they receive the majority of those coins without raising any suspicion there is foul play on their part.

zasad@

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Quote from: velhoti on December 02, 2023, 01:28:21 PM

In the old days, users used a platform only once and suddenly an airdrop was announced. That happened in the first one, the Uniswap airdrop.

Airdrop appeared because projects needed to distribute their tokens to participants, and the sale of these tokens could subject the project to a fine in the future. I still see a lot of people who are hunting for airdrops, but I only follow large projects where good airdrops are possible: StarkNet, layer zero, zksync

libert19

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Quote from: MIner1448 on December 10, 2023, 01:30:32 AM

It's possible that the airdrop model will continue to evolve in the future, with developers looking for new ways to attract attention and create an engaged community. In any case, participating in airdrops now requires more effort and attention to detail, and it is important for investors to be vigilant and review the terms of participation before participating in such events.

True, we have come from getting free forked coins for holding certain coin (for example: BTC forks), then in 2017 era, you simply had to give your crypto address and you'd receive your coins, and now we are in trend of retrospective airdrop, rewarding for past activity.

Let's see what airdrop evolution has for us in store for next halving (2028 one).

MIner1448

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It's true that the practice of airdrops in the cryptocurrency world has undergone significant changes over time. At the beginning of the cryptocurrency era, when the community was less saturated and competitive, airdrops were more generous and could be used to attract attention to new projects.
However, with the growing popularity and competition in the cryptocurrency space, the dynamics of airdrops have changed. Projects have become more selective about who they distribute their tokens to and are introducing more complex participation conditions to attract active and interested participants.
It's possible that the airdrop model will continue to evolve in the future, with developers looking for new ways to attract attention and create an engaged community. In any case, participating in airdrops now requires more effort and attention to detail, and it is important for investors to be vigilant and review the terms of participation before participating in such events.

wxa7115

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Quote from: synchronym on December 05, 2023, 06:31:38 AM

op I can't agree with you. I used to do a lot of airdrops once upon a time. As much as I have experience. From my experience it seems that doing airdrops is just a waste of time. We will invest as much time or as much effort behind airdrops. If we invest that time in Bitcoin, we will definitely get a lot of success. I myself would never use airdrops that much. And I would advise anyone else to avoid airdrops. If anyone wants, of course, they can use the airdrops. Then he himself will understand what benefits come from it.

A point could be made that airdrops do not even exist anymore, this idea of just giving some coins away in order to get more people interested in your project and spread the distribution of your coins beyond the developers and investors is a concept that seems dead to me already.

Since the majority of the airdrops that exist these days are not really airdrops but bounties, in which you need to perform task for months just to receive a pitiful amount of coins, and that is if you are lucky as you could receive nothing in the end or the coins could be worth nothing by the time you receive them.

yazher

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When you have followed such giveaways in the past and until the present time, you won't have any problem doing it right now because you know already some of the complicated work and you will just simply avoid other jobs that require you lots of time and the rewards are not sure. Unlike back then, we can do more airdrops especially those that you are required to just follow social media pages and share some of their posts. So if anyone wanted to get some rewards from them right now, they better make sure they will get paid because they are risking too much if they cannot get anything.

velhoti

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Quote from: Mate2237 on December 05, 2023, 03:24:43 AM

Please I will like or want you to explain airdrop for me. I have browse it in the internet to know more but I cannot really understand the explanation there so with simple answer I will get to know it. Though I have been hearing the name, but I have not really considered the name to been known. And also, is there any different between airdrop and altcoins? Is airdrop related to bounty? I am asking all these because i have heard people saying they are using airdrop to make money and I don't know it.

Airdrop is a distribution method, it happens when a project decide to launch its token and need some method to put it in circulation. The airdrop consist in distribute the tokens to users of that project, usually based on some criteria of quantity and frequency of use of the plataform.

Quote from: synchronym on December 05, 2023, 06:31:38 AM

op I can't agree with you. I used to do a lot of airdrops once upon a time. As much as I have experience. From my experience it seems that doing airdrops is just a waste of time. We will invest as much time or as much effort behind airdrops. If we invest that time in Bitcoin, we will definitely get a lot of success. I myself would never use airdrops that much. And I would advise anyone else to avoid airdrops. If anyone wants, of course, they can use the airdrops. Then he himself will understand what benefits come from it.

Some people got life changing money with airdrops, to me It worth. Bitcoins is also an extremely excellent investment.

synchronym

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op I can't agree with you. I used to do a lot of airdrops once upon a time. As much as I have experience. From my experience it seems that doing airdrops is just a waste of time. We will invest as much time or as much effort behind airdrops. If we invest that time in Bitcoin, we will definitely get a lot of success. I myself would never use airdrops that much. And I would advise anyone else to avoid airdrops. If anyone wants, of course, they can use the airdrops. Then he himself will understand what benefits come from it.

Wahyuihib

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Airdrop is indeed a very promising job for earning income without having to spend any capital. However, we must fulfill the Airdrop requirements in order to participate in it. because if not, then it will be difficult for us to earn income. Don't ever think that the Airdrop we are doing will provide us with benefits. the important thing is just do it. because one day we will find an Airdrop that will really give us profits...👍🏻👍🏻

Mate2237

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Quote from: velhoti on December 02, 2023, 01:28:21 PM

In the old days, users used a platform only once and suddenly an airdrop was announced.

Please I will like or want you to explain airdrop for me. I have browse it in the internet to know more but I cannot really understand the explanation there so with simple answer I will get to know it. Though I have been hearing the name, but I have not really considered the name to been known. And also, is there any different between airdrop and altcoins? Is airdrop related to bounty? I am asking all these because i have heard people saying they are using airdrop to make money and I don't know it.

batang_bitcoin

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That is why I am not interested with any of them. I have missed the first part when it was completely easy and for free. Right now, it's not all about airdrops but like more of an incentive from the investors that are holding specific tokens that are giving them the initiative to hold those tokens for their own preference. That's what is being repeated right now, although there are projects that are good as if they're one of the best but after the launch and airdrop distribution, they become lacklusters.

NewRanger

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Quote from: Kelward on December 05, 2023, 02:41:13 AM

I've not participated in an airdrop before, never really caught my attention, and thanks to the feelers here, I'm not sure that I'll be engaging in it. As OP noted the early intention of airdrops have been hijacked by scams now, I hear thousands of influencers are announcing airdrops for scam project it's, not a good trend to follow. Sad to also here from this quote that you have airdrops in your wallet that you can't withdraw, so what's the essence of it.

I think so too. I'm also a bit doubtful about this model campaign, it's bound to be a lot of work and a hassle. If there's something definite and good with equal value then I'll focus on it, but I'll just ignore it for a while.

Kelward

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Quote from: Samlucky O on December 03, 2023, 03:50:32 AM

Quote from: Bureau on December 03, 2023, 03:14:26 AM

I have never participated in airdrops but after reading so much about them here, I have come to the conclusion they are a waste of time. The amount of money and effort that anyone needs to spend to get a few tokens is not worth it. Unless the value of the airdrop which is bigger than the effort and money one needs. Those airdrops that do come with social media activity are only given to those who can get more users so it is for me, a lottery as there is zero transparency. The last one which is given free of cost are the ones that rarely make it to the exchange.

Same here, I have decided never to participate in any airdrop. Most of them I participated are still in my wallet and I can't withdraw. So of which reason do I need to own something that what nothing. Sometimes they will still need you to unlock it with your money.

I've not participated in an airdrop before, never really caught my attention, and thanks to the feelers here, I'm not sure that I'll be engaging in it. As OP noted the early intention of airdrops have been hijacked by scams now, I hear thousands of influencers are announcing airdrops for scam project it's, not a good trend to follow. Sad to also here from this quote that you have airdrops in your wallet that you can't withdraw, so what's the essence of it.

cryptoaddictchie

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Quote from: libert19 on December 03, 2023, 10:59:24 PM

If you don't try to farm projects and you engage in ecosystem normally, airdrops are still free with no effort involved.

Yes thats right but whats the purpose of engaging if not for airdrops. Well some whales are just like to lurk without any expectation and see whats the new ecosystem or protocols are and still rewarded with airdrops. But with small people whose aims for airdrops really tend to be unfair since we need to shelter funds for us to be qualify though.

wxa7115

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Quote from: velhoti on December 02, 2023, 01:28:21 PM

In the old days, users used a platform only once and suddenly an airdrop was announced. That happened in the first one, the Uniswap airdrop.

As someone i do not remember said: "what the first did was smart, but is not smarter to repeat currently". And the airdrops become more and more difficult, demanding thousands of crypto transacted, in a lot of transactions during many months. One example was Paraswap, who exclude many users from their airdrop and caused widespread anger.

Coming back to the old days, hunting airdrops was basically to follow few insiders, read the news and use all protocols that had no token. Currently there are thousands of influencers announcing airdrops even from projects that did not comment, projects announcing airdrops before have a product and a lot of noise.

I feel is is getting harder and harder to get good airdrops, when some arrive the tokens are diluted by a huge amount of airdrop hunters not to mention projects that "gamefi" airdrops with tasks and points, terrible.
Maybe it is a wave that passed, not sure about the future of airdrop hunting.

Both parties are responsible for what is happening with airdrops, developers and scammers realized that instead of just giving their coins away for free, which is what an airdrop is about, they could ask those people to complete tasks for them, transforming airdrops into bounties, and since people kept accepting those conditions then as expected the conditions for those people got even worse.

However those airdrop hunters are also to blame, as they abused many airdrops by claiming the same airdrops several times, defeating the reason to be of airdrops, so stricter conditions were given, but even then they kept abusing airdrops by using bots, fake personal information and trying to game the criteria of the airdrop to their benefit, and this is what it has caused the state of airdrops to become what it is today becoming a complete waste of time.

Publictalk792

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Basically things are changing time by time. In the past there were fewer people in the world of cryptocurrency and now the counting of people is increasing significantly. And a project which want to launch its token have much users and this is not a easy thing to give a good airdrop to all users.

Now many new projects are launching on launchpad and not giving an airdrop. Some of them asking much transactions. Some of them asking to buy their NFTs. It means now this is a hard thing to get an airdrop like you said.
By the way keep trying. I get an airdrop recently which didn't take my time I just joined its early access and I got an airdrop. That was Arkham Intelligence airdrop. Rest of all airdrops have rules to give airdrop to the users.

libert19

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Quote from: rat4 on December 03, 2023, 05:00:10 AM

Quote from: velhoti on December 02, 2023, 01:28:21 PM

In the old days, users used a platform only once and suddenly an airdrop was announced. That happened in the first one, the Uniswap airdrop.

Airdrops were here before the platform running Uniswap was launched. I can recall ClamCoin made an airdrop to BTC, LTC, DOGE in 2014.

That is true but retrospective trend which is ofc current trend was started by uniswap.

Quote from: MegameSama on December 03, 2023, 06:08:14 AM

The good times were when I was eligible for the Uniswap airdrop, at that time I was forced to sell my Uni for $20 because I needed money, but for me it was big enough money to support my life.

You did good, I sold it at ~$4.

Quote from: cryptoaddictchie on December 03, 2023, 10:43:31 AM

I remember how simple airdrop before like filling up Google form and will eventually qualify for the drop and received tokens right away on registered address. But now its a mixture of social and many task before even get to be qualified and some even make it a competition that only top users were be rewarded at all. Now its a race to find which airdrop is good and will not create much dilution due to participants.

Airdrops are still like that, no effort whatsoever but people have made it so. For example, Uniswap, you used their dapp naturally and you were rewarded, same can be said about arbitrum/optimism, although farmers were still there but less compared to today.

If you don't try to farm projects and you engage in ecosystem normally, airdrops are still free with no effort involved.

o48o

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Quote from: velhoti on December 02, 2023, 01:28:21 PM

In the old days, users used a platform only once and suddenly an airdrop was announced. That happened in the first one, the Uniswap airdrop.

As someone i do not remember said: "what the first did was smart, but is not smarter to repeat currently". And the airdrops become more and more difficult, demanding thousands of crypto transacted, in a lot of transactions during many months. One example was Paraswap, who exclude many users from their airdrop and caused widespread anger.

Coming back to the old days, hunting airdrops was basically to follow few insiders, read the news and use all protocols that had no token. Currently there are thousands of influencers announcing airdrops even from projects that did not comment, projects announcing airdrops before have a product and a lot of noise.

I feel is is getting harder and harder to get good airdrops, when some arrive the tokens are diluted by a huge amount of airdrop hunters not to mention projects that "gamefi" airdrops with tasks and points, terrible.
Maybe it is a wave that passed, not sure about the future of airdrop hunting.

Well it all turned into crap after people regretted they didn't participate to uniswap, imx/gods, and projects like bayc, when people got rewarded of being early supporters. So they started to overcompensate by preparing and botting every potential airdrop. This was just painful to watch with Arbitrum for example. There are videos where people revealed their botting and got rich from it. That took my taste from the whole game. Wrong people were winning and this wouldn't make any sense as a reward system.

And for some reason people thought that pre-announced airdrops would bring money, which they obviously never did. At least not for people who didn't bot the crap out of them.

jaberwock

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Quote from: Husires on December 03, 2023, 05:11:37 AM

If we compare the number of good airdrops, we will find them with the number, for example, Uniswap, and a small number compared to hundreds of thousands of airdrops, and some of them exploit this event to spread rumors that there is a profitable airdrop and that you will miss the opportunity if you do not join, and all of this is a lie and an attempt to promote and gain downloads/free use.

I think you are saying that the number of good airdrops are much lower than those airdrops who are crap. Good airdrops are supposed to be harder to find, if not because of the coin ranking sites like CMC. I know the feels man about those exploiters. They are using the hype now to take advantage of the innocent people. They are not different to those developers who create a meme coin according to the current trend.

I think there is still a way to tell if the airdrop is a scam or a bad one, and one of it is like you said; if they scare or tease the people to join them. It is clear already that they are desperate and that is considered as a red flag.

Topic: Manifesto on airdrops trivialization (Read 295 times)