Topic: Read This Before Joining Any Shit Token Air Drops - page 2. (Read 1609 times)

Thanks for you work man!

Well worth the read. I also found it from the Etherflow ANN. All the "your project is so amazing" posts baffle me, even though I know its devs or SMO agencies. I can't see why without the roadmap and white paper anyone would comment on the future viability of a crypto, but I guess when all your trying to do is convince a newb they are missing something, it works. But it's like hearing a new CPU manufacturer is going to compete with AMD and Intel (who has never built a chip to your knowledge & has no experienced employees in chip manufacturing) and then post comments about how they will take over the entire market, and your "going all in". It's a joke, but there are still people out there who believe Bill Gates will pay for their child's college tuition of they forward his email chain letter to another 30 people! So I'm sure there are people still stupid enough to believe anything in writing on the internet, even bitcointalk spammers and trolls.

Now don't get me wrong I enjoy a good airdrop, it's like finding a penny on the street. It's not worth much, but if you pick up every penny, nickel, dime and quarter you ever see laying around it adds up. So I enjoy joining them, and use the way the project handles themselves for distribution of airdrop, handling of support issues within telegram/discord, and how often they actually post code updates to their repository to determine how viable the coin might eventually be. Github might be confusing for those not into programming, but once you understand what a commit and PR is and how to look at them you have a decent ability to determine how much activity there is, even if its just a simple count of changed lines of code over time, it gives you an idea of how productive the project is trying to be.

Beware and be safe.

CryptoCarl

Very good post! Thank you for pointing out the way to recognize a scam! I'd never invest on a supposedly airdrop, like give me 0.01 ETH and I'll give you 1. But some are more subtle.

Thanks for the post. Yes I'm noob and after reading this I am errrr a little better lol

Wow... This is quite interesting.
Along the line, I have been tempted to think if most of them are actually real; it is alarming the rate at which we hear of airdrops these days.
However, my caveat is this: I have decided NEVER to send ETH to any prior to collecting their airdrops. It doesn't make a whole lot of sense to me, if I would have to spread news about you on my social accounts, follow your update, and still send you some ETH. No!

Thank you for the time to put this together.

An eye opener for me.new in the cryptospace though

Thanks for the breakdown for newbies like me!!!!!!!!!!!!!!

A lot of coin devs misuse the term "Airdrop" with their altcoins. Airdrops in general, should never take place soon after the launch of a coin.
Previously, airdrops were generally introduced to compensate for a bug or any other errors of that coin for the hoarders. Nowadays, it looks like a type of free bounty to lure everyone & an opportunity to dump. Devs are becoming greedy. That's all.

you really can't expect airdropped tokens to have value. its easy to buy a domain and protect yourself with ICANN and whois will be protected already. listing the shit token can be easy now with etherdelta and that leaves them the opportunity to dump how much they hold. even if the token will only be worth 1 satoshi but then the dev team having millions, they will keep doing this airdrop tokens because its worth doing, they still can earn thousands of USD.

A++ topic, this should be pinned.

I came here from your link on Etherflow.  That one rubbed me the wrong way the instant I saw it, with its airdrop that supposedly ended before the topic was posted.  Some kind of mindgame...

How does that ethereum blue is scam? Did you study about the ethereum blue or you put it in the list because it came from airdrop? I'm with you and your post is right but the ethereum blue is not be considered as shitcoin because it is real project, you can check the whitepaper and the telegram community.

Totally accurate, they used to share some of the profits with noobs though (which was good thing in the road of learning crypto & how it works), but now they started to become so damn greedy by FAIKNG he air drop (no spreadsheet most of time), they even make ICO for those shit tokens haha, can you believe it !!!

That whole section of bitcointalk is nothing but one giant clusterfuck of scammers, shitposters, and desperate, dirt-poor idiots who are trying to support themselves by basically doing the laziest non-job you could ever have, posting nonsense on the internet.  They're probably too lazy to go out and beg on the streets--so this is the digital age version of that.  It's disgusting.   

I do think most of these projects are either scams or have so little value that they shouldn't exist.  I'm not an altcoin enthusiast, and I honestly don't understand how they work, but I've read project descriptions and also the subsequent scam accusations for quite a few of them.  So I've no doubt they're scammy as shit and need to be avoided.

Good Project to invest in can be this way:
1 - Real Team with real profile (linkedin, twitter, facebook, you name it).
2 - Real project (it depends on how you believe in it of course & how profitable can be for your investment).
3 - Real product ( it can be anything from e-payment system, trading, social platform, anything that gives real service in the future).
4 - Clear Road Map with detailed date lines.
5 - Clear & Understandable White Paper (ALWAYS read the White Paper once, twice & even more before investing on single dime).

Now my 2 the Golden Rules, never invest what you can't afford to loose & NEVER put all your investment / money in one single backet (project).

Thank you all for your feedback, that's the least i can do for this community.

Shit Tokens can be profitable too, YES, that's TRUE, BUT as long as the DEV(s) give FAIr AIR DROP, so chances becomes somehow equal to the communities to make some $$$ out of the thin Air.

Just something i urge you to follow is NEVER, i mean NEVER invest your own money in any project that has no REAL TEAM.

You can always take advantage of those assholes & rip them off too, since they have no shame with their shit token to even make some decent FAIR air Drop.

I get a kick out of the ones that require a donation to participate in the airdrop


Same, I'm not donating to any coins. i'll collect the shit coins, maybe make a few bucks here and there if one shoots up.

Yes of course. You have to do your own due diligence on whatever you invest, and if you don't then you really are going to get scammed. If you enter an airdrop then do so with an email that you don't care if you get flooded with ICO spam, and don't put in anything.

If the coin/token is only traded on etherdelta and has nothing special about it, don't ever be the buyer.

The legit projects here are of course excluded, but then nobody will do spreadsheet airdrops for legit projects.

Alright I read what the OP has to say. I think its pretty good but some people might get some misconceptions about what this is about especially those of you doing altcoin bounties here for the purpose of altcoin payments.

Most of the coins the OP has listed here are being promoted on twitter, facebook and all other blogging sites as well. Now the basis of this is to garner a crowd who is interested in this project. Even though the project does not even have a legitimate team or a goal or any milestone to cover.

Next these so called "devs of the project" pay every promoter with the tokens (read shitcoins) which are trade-able on some decentralized exchange (again a red flag) and then the pump and dump begins.

So end of the day we have another shitcoin that enters the market and gets added to coinmarketcap with a huge bunch of shitheads pumping the coin on every social media that you can think of.

What I would like to emphasize here is that there are many altcoins which are having a legit team and a goal in mind with a group of devs who are actively working on the project. Do no think that if you are doing some altcoin bounty that coin may end up as a shitcoin like above - it may or may not. You have do think about it yourself and decide whether you want to promote them or not.

Can you explain more about the Ethereum blue?? what are they scam??

giving awareness about those scammy shitty coins is what newbies need to know , we have to stop greedy DEV