Topic: The Good the bad and the ugly side of airdrops - page 2. (Read 651 times)
I think airdrops are a thing which are not confirmed if you participated in airdrops so not anyone say that definitely the will receive a Airdrop its a half half system and according to my experience is that sometimes airdrops are give a huge reward but some airdrop thousands airdrops are ongoing everyday but mostly are scam airdrops.
Unisawap, Dydx, Muse, Aptos, others just forget but made a profit from them, some of this you need to make some transactions means you have to either deposit or make some trades using their platform, live or testnet.
Most airdrops are just a waste of time, because they do no good. The examples you gave of successful airdrop are either retrodrops among early users or testnet participants. The various airdrop from gleam, or twitter, unfortunately do not belong to the category of good, or even promising airdrop. It's all a pursuit of measly cents that are not worth the time spent.
There were no valuable Airdrops in 2017, different from this year, even counting a few Airdrops that have value, because interest in airdrops to the public is greatly reduced at this time, so that's why more and more years are disappearing even a lot of fraud is spread on several social media and spammers on telegrams promoting several Airdrops..
Unisawap, Dydx, Muse, Aptos, others just forget but made a profit from them, some of this you need to make some transactions means you have to either deposit or make some trades using their platform, live or testnet.
Most airdrops are just a waste of time, because they do no good. The examples you gave of successful airdrop are either retrodrops among early users or testnet participants. The various airdrop from gleam, or twitter, unfortunately do not belong to the category of good, or even promising airdrop. It's all a pursuit of measly cents that are not worth the time spent.
Looks like you've been missing out on a lot of potential airdrops lately like the latest Uni, Para, DXdy or Aptos. I can say that the form of the airdrop has changed, forms like telegram tasks and spam tasks on social networking platforms like the old bounty campaign are gone, it is replaced by testnet or retroactive. About the reward, I don't know if it's big enough for you but for me getting 2k to 3k for an airdrop is huge for example aptos paid to hunters. These are just the notable projects and there are many more with rewards ranging from $50-100 per campaign.
that's right because I very rarely take part in airdrops.but the airdrop you said (Aptos) is still the same as the airdrop in the past. I mean isn't $50-$100 randomly distributed to members who meet the criteria or qualify only? so it's like a waste if you have done the testnet airdrop task but only selected or random people are given free tokens (meet the requirements)
It is not a random distribution they will distribute to all participants and complete the task. It's like you participating in the signature campaign, you have to meet all the requirements that the campaign requires, and you can't get the reward if you don't complete all the tasks correctly. But I have to admit that finding such projects is very difficult and there are many projects that offer difficult tasks, it is not as simple as the old airdrops.
Recently, another new form of airdrop is running testnet nodes, very few participants and bigger rewards than many testnets bring.
after I searched what you said it turned out that the testnet airdrop was not random distribution but like there was a task to be completed and if the completed task meets the requirements then the member gets a reward.
after all, it turns out that many testnet airdrops think that airdrops are a bit complicated and not many take part in airdrops like that (TestNet) so that the participants are few and the allocations that are distributed in large quantities are distributed among the few participants.
It also seems interesting to see airdrop testnet opportunities like the new hype airdrop
The good of airdrop you didn't include is that it remains one of the oldest form of making an earning in the cryptocurrency community with little efforts or contributions. And the bad sad of it is that many are just a bait to lure the newbies into getting scammed. Lot of people have gotten their wallets hacked as a result of connecting and approving transactions on dubious dapps all in the name of claiming airdrops.
One needs to be careful and do his research well before participating in airdrops which require approval of transactions on once wallets through a dapp.
One needs to be careful and do his research well before participating in airdrops which require approval of transactions on once wallets through a dapp.
All of these days, I haven't seen any airdrops that are worth participating in. Might be too harsh to say they are worthless but that is the reality now. Some developers try to offer airdrops to promote their non-working projects and promised huge rewards but you can just sell them if they become successful. And the question is if they become successful. Because mostly it turn into a broken promise and after the airdrops, we never heard any updates from them on whether the project succeed or not, and where we can trade our free coins.
And that is a huge problem, I have seen in the past airdrops in which people participated for a period longer than a year and they did all what they could to make the project a success, and once the project became successful the developers simply refused to pay the rewards they promised or they reduced the pool of the rewards to ridiculous levels, so even if a project succeeds you do not know if you will get paid, so it is not surprising people are not interested in airdrops anymore.It's like you invest in an altcoin project, even though you invest money and you support the project to make the project successful because when the project is successful you will also get a bigger profit. But things are not as you think, you work hard to maintain the project but the developers try to pull the project down and take your money. That is the risk in investment we should accept, participating in the airdrop too, as long as it is related to money and benefits, people will defy it.
Airdrop, although no longer brings significant profits, but still exists to this day, proves that there are still a lot of people participating and making profits, it's just that we are no longer suitable for it.
All of these days, I haven't seen any airdrops that are worth participating in. Might be too harsh to say they are worthless but that is the reality now. Some developers try to offer airdrops to promote their non-working projects and promised huge rewards but you can just sell them if they become successful. And the question is if they become successful. Because mostly it turn into a broken promise and after the airdrops, we never heard any updates from them on whether the project succeed or not, and where we can trade our free coins.
And that is a huge problem, I have seen in the past airdrops in which people participated for a period longer than a year and they did all what they could to make the project a success, and once the project became successful the developers simply refused to pay the rewards they promised or they reduced the pool of the rewards to ridiculous levels, so even if a project succeeds you do not know if you will get paid, so it is not surprising people are not interested in airdrops anymore.
All of these days, I haven't seen any airdrops that are worth participating in. Might be too harsh to say they are worthless but that is the reality now. Some developers try to offer airdrops to promote their non-working projects and promised huge rewards but you can just sell them if they become successful. And the question is if they become successful. Because mostly it turn into a broken promise and after the airdrops, we never heard any updates from them on whether the project succeed or not, and where we can trade our free coins.
Yes, I feel this myself, the fact that is happening is that we have to make more effort to make us really pay for participating in the airdrop. But I'm not complaining about this because I didn't spend the slightest capital to do this. You are right now interesting airdrop by running testnet and node. I am a member of several groups and indeed from tesnet and node the prizes are now more attractive.
Even though you didn't spend a dime for the airdrop, you volunteered your precious time to work on the airdrop task. time is also a valuable capital, because every second is precious. But even so, all the time will pay off if you get an airdrop that really pays properly and even gets a big airdrop with a sizable fee. Running nodes are the most popular airdrop option at the moment. After several successful people with APTOS, there is more interest from hunters to work on Running Node Tesnet. In this case i said that Airdrop are many types some airdrop are confirmed in the form of Test Task , Claim nft , subscription ect but according to my experience is that its not confirmed you got some thing through Airdrop but if a project are good and honest team so they definitely give profit his hunter and some time a simple airdrop you done a few simple task and they give you huge amount profit.
Not all airdrop now pays people. Most of them uses this kind of strategy to gain people in their community and to reach more investors, and once they are already in an exchange they will change the rules and will requires people to do KYC, in which I can say that very unfair for us. I also see some airdrops asking for passport, people need to be careful for their identity and they need to keep it secured and do not be deceive by small amount of money or any value of it in exchange of your identity.
In this case i said that Airdrop are many types some airdrop are confirmed in the form of Test Task , Claim nft , subscription ect but according to my experience is that its not confirmed you got some thing through Airdrop but if a project are good and honest team so they definitely give profit his hunter and some time a simple airdrop you done a few simple task and they give you huge amount profit.
Airdrop is just a kind of gambe. If we're lucky, we'll enjoy good profit out of it. If not, the received airdrops will be sitting idle in the wallet and never gets listed anywhere. In some cases we never receive the rewards. It was during the year 2017-18 where more users turned themselves rich through airdrops. Nowadays the airdrop is being much limited as well as made to be very available for limited number of participants. In some case selected members are availed with rewards. So, expecting big out of airdrops could end-up with disappointment.
I agree with all your opinions from the good side to the bad side,
but as we know from the start we will follow the airdrop and there will definitely be projects that are useless and don't keep promises, even though we have strictly selected,
for me the airdrop is a lucky gift where we only do one job without doing the next or continuous thing, for me as long as I don't spend money providing detailed information following the airdrop it's not a problem
but as we know from the start we will follow the airdrop and there will definitely be projects that are useless and don't keep promises, even though we have strictly selected,
for me the airdrop is a lucky gift where we only do one job without doing the next or continuous thing, for me as long as I don't spend money providing detailed information following the airdrop it's not a problem
You can never see the good side of airdrops now OP, that is what I can say.
I know it was freely given and sometimes by fulfilling a few tasks but the question is if this is really worth spending your time. As you can see, most are saying airdrops are useless and a waste of time, and I really agree with that base on experience.
I won't stop people from participating in airdrops but there is one thing I would say - never expect valuable airdrops anymore nor you can earn a lot from it, unlike 5 years ago.
I know it was freely given and sometimes by fulfilling a few tasks but the question is if this is really worth spending your time. As you can see, most are saying airdrops are useless and a waste of time, and I really agree with that base on experience.
I won't stop people from participating in airdrops but there is one thing I would say - never expect valuable airdrops anymore nor you can earn a lot from it, unlike 5 years ago.
Yeah, most of airdrops are useless since they're worth nothing when they got listed on exchange because there's a lot of sell pressure from airdropers. But from what I saw there is some airdrop that has good value when they airdrop the token but the project already has a product to boost their token price. airdrop may be good if the project knows how to use it.
Yes, this has been the issues many years ago, everyone is blaming and pointing at each other, others say that the airdropers are selling it off right away or even those who are in a bounty campaign, as one of the reasons. And there on the other hard, there are groups who says that the early bird investors or even people the project are selling it.
So the whole idea of airdrop has been defeated, and so it's not worth at all this 2022 and maybe in the future.
And I guess this is the total picture of crypto market, to be profitable we should always be the first on line on this hype project on what kind of marketing strategies they are going to pull to advertised their cryptos.
I don't think new airdrops require KYC anymore for us to participate. I don't believe on airdrops that requires KYC since it's most likely has no reward or a modus for a potential identity theft. It's not much worth it to sacrifice your identity for some unsure rewards and airdrops today has evolved. Most airdrops today are doing testnets and requiring participants to use their platform. Most of the successful airdrops today requires participants to spend some time and their own money to qualify on the airdrop and I do think that it is logical since airdrops can easily be abused if it's free. The reward is for the real users and I see it fair.
Perhaps, you've heard of airdrops that are given after users do KYC, which happened at Stellar some time ago. I don't know which other projects give free airdrops to their members after they do KYC. As far as I know, if it's an airdrop, we don't need to fill in personal data to get it and just use a personal wallet that we keep for ourselves. And if a project offers something like that, I think it will be safer than joining a project requiring KYC to get the airdrops.Based on my experience, airdrops that require a KYC have a better pay rate but of course, that is if they are legit. This is what they say that when the reward is big, the risk is also greater but if we are knowledgeable and have an experience then we will know if how to differentiate a scam from not but if not, then better to not risk your data at all but do only the airdrops who are KYC free.
For the airdrops that are legit, I think one of the reason on why they require a KYC is to prevent abusers because it is easy for someone to create multiple accounts and enroll on the same airdrop over and over again which are not right. Other people who are fair are sometimes not accommodated anymore because of them.
Maybe the airdrops will be better than the others, but still, it's not worth doing because we have to do KYC, which is our personal documents. The prizes won't be very big, and the risks are also bigger, so we have to consider it if we want to join the airdrops. But if we are investors, maybe that was how they were before they joined the project. For the airdrops that are legit, I think one of the reason on why they require a KYC is to prevent abusers because it is easy for someone to create multiple accounts and enroll on the same airdrop over and over again which are not right. Other people who are fair are sometimes not accommodated anymore because of them.
You can never see the good side of airdrops now OP, that is what I can say.
I know it was freely given and sometimes by fulfilling a few tasks but the question is if this is really worth spending your time. As you can see, most are saying airdrops are useless and a waste of time, and I really agree with that base on experience.
I won't stop people from participating in airdrops but there is one thing I would say - never expect valuable airdrops anymore nor you can earn a lot from it, unlike 5 years ago.
I know it was freely given and sometimes by fulfilling a few tasks but the question is if this is really worth spending your time. As you can see, most are saying airdrops are useless and a waste of time, and I really agree with that base on experience.
I won't stop people from participating in airdrops but there is one thing I would say - never expect valuable airdrops anymore nor you can earn a lot from it, unlike 5 years ago.
in the past there were indeed many airdrops that were worth participating in and got big results, as if we didn't think long about completing KYC, but lately it's rare to find airdrops that get big results, and we are still asked to do KYC, I think it's for work the rules are not difficult, but if you count between us providing personal data and the rewards given, I don't think it's worth it, so now I rarely take part in airdrops
Yeah, I also experienced those times when an airdrop is worth more than a month of wages and there are lots of them. There is even a coin project that conduct an airdrop in the Bitcoin community with an equivalent value of 1 BTC per participant. Sadly I failed to participate in the airdrop. As far as I can recall, airdrop is part of promoting the project since ICO and other crowdfunding things isn't that popular during those times.
But now airdrop is worthless, only a few are worth claiming, and worst, some airdrops even requests KYC to avoid multi-accounting or multiple claims from one person. I avoided that kind of airdrop because I think the host's purpose is to collect user information to sell in the market.
LOL. Another airdrop related topic. When will you guys realize that they are total waste of time and stop participating in them? Now even bounties and free NFT minting are waste of time, and you guys still hope to get something from airdrops. Testnet, nods are the only one thing left that still can give some money in exchange of time spent.
Yeah airdrop used to be a good way to get free money but now it is just a waste of time since lots of scams airdrop is everywhere. I can't agree more when you say that even bounties are a waste of time. Although not all bounty are scams, many of them are giving or paying their participants worthless tokens.
OP has mentioned that he got nothing after taking part in 10-20 airdrops. Dude, you need to take part in few hundreds if you want to get some few dollar worth tokens. But the problem is, there are no so many airdrops nowadays, so better forget about them.
I think it is fine to participate in airdrop, since airdrop only needs a minimal effort to be qualified, just be aware of those who ask for KYC and better avoid them.
PLus and minus
pros and cons
We must be smart in considering and analyzing those sides.
SOme people may have a different opinions about these, it depends on how their ability to evaluate the airdrops themselves. But, so far, how many airdrops that are really worthy and how many are really shits? I think that most of them are really shits. Although we have analyzed the projects carefully, it will not guarantee if the airdrops are really promising, paying, and also listing. Although they may be worthy, I don't know how the percentage of the worthy and not.
But so far, I think that the era of airdrop has been changing Before 2017, there were probably very worthy, but now? It is like a side of luck and unlucky.
pros and cons
We must be smart in considering and analyzing those sides.
SOme people may have a different opinions about these, it depends on how their ability to evaluate the airdrops themselves. But, so far, how many airdrops that are really worthy and how many are really shits? I think that most of them are really shits. Although we have analyzed the projects carefully, it will not guarantee if the airdrops are really promising, paying, and also listing. Although they may be worthy, I don't know how the percentage of the worthy and not.
But so far, I think that the era of airdrop has been changing Before 2017, there were probably very worthy, but now? It is like a side of luck and unlucky.
What's the bad side?
Well its not necessary that bad after all since you don't need to put in money just to have airdrops, but if you just participate in an airdrop that's just there to gather mass information of the people joining the airdrop that is just free, you just wasted time and effort, and also you will be just wait for nothing, imagine you have join like for example 10-20 airdrops, fill-ups forms sleeping late is so tiring.
It is true that we may not spend money but we wasted effort and time. Wasting effort and time on useless things should be very annoying, especially when we did it multiple times. This is the reason why I never joined any airdrop again, I think it is only a useless thing. Almost no airdrop can give proper money, most of them are even scams. Instead of following things that aren't clear, it's better to ignore them and follow other things that are more obvious such as the signature campaign paid in BTC. Well its not necessary that bad after all since you don't need to put in money just to have airdrops, but if you just participate in an airdrop that's just there to gather mass information of the people joining the airdrop that is just free, you just wasted time and effort, and also you will be just wait for nothing, imagine you have join like for example 10-20 airdrops, fill-ups forms sleeping late is so tiring.
LOL. Another airdrop related topic. When will you guys realize that they are total waste of time and stop participating in them? Now even bounties and free NFT minting are waste of time, and you guys still hope to get something from airdrops. Testnet, nods are the only one thing left that still can give some money in exchange of time spent.
OP has mentioned that he got nothing after taking part in 10-20 airdrops. Dude, you need to take part in few hundreds if you want to get some few dollar worth tokens. But the problem is, there are no so many airdrops nowadays, so better forget about them.
OP has mentioned that he got nothing after taking part in 10-20 airdrops. Dude, you need to take part in few hundreds if you want to get some few dollar worth tokens. But the problem is, there are no so many airdrops nowadays, so better forget about them.
Jump to: