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Topic: The Good the bad and the ugly side of airdrops - page 3. (Read 651 times)

legendary
Activity: 2716
Merit: 1855
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Those participating in airdrops most especially newbies should have it mind that not all airdrops payments are guaranteed and even those that eventually pays might still not get listed.
I have been participating in airdrops for sometime now and I have received several coins and token and not all of them are tradable.
Though I have been lucky enough to get some decent amount from airdrop but it only happens once in a blue moon.
So if you're thinking of joining an airdrop then don't expect too much from it because if you do you'll only end up been disappointed.
Most airdrops are not as productive as they used to be. very rarely do I find an airdrop that can pay hunters up to $ 100 or not even reach $ 50. it also depends on the type of airdrop and the success of the project itself.
Several types of airdrops, such as airdrops for share assignments on social media, will get very small rewards and in my opinion, they are no longer worth it.

Some of the most popular airdrops right now are the Running Node incentive airdrops, but require VPS capital or a high-spec computer to run Nodes on projects that do tesnet.

-snip-
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.
One deterrent is implementing KYC, but are poachers willing to give up their personal information just for an obscure airdrop? of course, I will never do it, unless the project is really good and has good potential for the future. So it is necessary to do research beforehand to find out the potential of the project. Many successful projects in the past that provided lots of rewards didn't apply KYC, even though the rules that were given were very easy. Unlike now, the rules are getting more difficult and the rewards are also getting smaller. Most airdrops also limit how many participants can take part, so that the rewards can be distributed in the same amount and not too small.
hero member
Activity: 2828
Merit: 611
The biggest advice I have for you is that you should quickly try much as possible to start to avoid free stuffs as you progress deeper into cryptocurrency. If you like free things, you will always look out for free things which means that you can easily be enticed by very good offers in the form of free things from scammers who wish to try out a new method. The sooner you accept that free things are dangerous the better for you. There are very few current credible airdrops, more than half are fake, you have to be extra careful, let the love for free stuffs not make you a victim.
The important thing is that you can be careful if you want to join airdrops because not all airdrops can provide benefits. Besides that, many airdrops will ask them to do KYC, which is really not worth doing because the rewards we get are not big when we submit documents to them. And we know that doing so is very risky because if our documents fall into the wrong hands, our data can be used by them to deceive.
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.
jr. member
Activity: 350
Merit: 1
~~~

Those participating in airdrops most especially newbies should have it mind that not all airdrops payments are guaranteed and even those that eventually pays might still not get listed.
I have been participating in airdrops for sometime now and I have received several coins and token and not all of them are tradable.
Though I have been lucky enough to get some decent amount from airdrop but it only happens once in a blue moon.
So if you're thinking of joining an airdrop then don't expect too much from it because if you do you'll only end up been disappointed.
legendary
Activity: 2184
Merit: 1024
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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.
hero member
Activity: 2114
Merit: 603
Yes, the ugly one. That’s really the thing about airdrops these days. So the other day I was in a telegram group where we work on micro tasks and kee earning few bucks in bitcoin all the time. There might have been big planning behind this but soon channel started publishing various good airdrops. It was all good until we get paid to do that micro task. The logic was we used to get paid for getting referred by single owner. In turn hé earned huge amounts of airdrop and later traded for money.

However, soon we realised that there were airdrops which literally had no projects, no white paper and worst none of them had a simple Website as well.

That pointed out the whole stuff to one thing, they were collecting the data. So it’s always better to use the secondary or temp mails so that to stay away from such scams
full member
Activity: 1708
Merit: 126
Airdrops are actually an opportunity and it's a reward of free tokens but not all of them are worth grabbing. There are lots of airdrops nowadays that would ask us to do different tasks but we'll still end up being unpaid or they will pay us with shitcoins.
Airdrops a few years ago are really worth joining because there were lots of promising projects before that are worth joining. Nowadays, fake and scam airdrops are existing so people are now being skeptical.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
I think airdrops doesn't have to be that bad but it doesn't mean we are participating in airdrops for an income.
Airdrops are like incentives for people who are holding certain coins. If a person is filling up forms to receive airdrops then thats bad.
I have received few airdrops in my wallet just like that without filling up any forms which is why I like airdrops.
At the same time there are also some shit tokens lying around in my wallet which makes my wallet look like shit too.
This is one of the reasons why I don't like airdrops. All in all I don't pay much attention to airdrops but if there are some which are worthy then it's good.
legendary
Activity: 2492
Merit: 1145
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Hope this will help newbies like me to be careful and also enjoy doing this frees stuff without compromising other assets...
The biggest advice I have for you is that you should quickly try much as possible to start to avoid free stuffs as you progress deeper into cryptocurrency. If you like free things, you will always look out for free things which means that you can easily be enticed by very good offers in the form of free things from scammers who wish to try out a new method. The sooner you accept that free things are dangerous the better for you. There are very few current credible airdrops, more than half are fake, you have to be extra careful, let the love for free stuffs not make you a victim.
The important thing is that you can be careful if you want to join airdrops because not all airdrops can provide benefits. Besides that, many airdrops will ask them to do KYC, which is really not worth doing because the rewards we get are not big when we submit documents to them. And we know that doing so is very risky because if our documents fall into the wrong hands, our data can be used by them to deceive.
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.
legendary
Activity: 2072
Merit: 1023
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Hope this will help newbies like me to be careful and also enjoy doing this frees stuff without compromising other assets...
The biggest advice I have for you is that you should quickly try much as possible to start to avoid free stuffs as you progress deeper into cryptocurrency. If you like free things, you will always look out for free things which means that you can easily be enticed by very good offers in the form of free things from scammers who wish to try out a new method. The sooner you accept that free things are dangerous the better for you. There are very few current credible airdrops, more than half are fake, you have to be extra careful, let the love for free stuffs not make you a victim.

Useful tips but some newbies to the market they don't have too much initial capital and are inexperience so sometimes airdrops or other free ways of making money will be the place for them to start and experience from that. Maybe they will waste time and sometimes lose money because of scam offers as you said but that will also be good for them sometimes. I want newcomers to experience the sweetness of the market as well as the bitterness of the marketplace, which is more practical than listening to others. From there they will draw experience as well as lessons to help them survive in the market.
hero member
Activity: 2912
Merit: 556
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Hope this will help newbies like me to be careful and also enjoy doing this frees stuff without compromising other assets...
The biggest advice I have for you is that you should quickly try much as possible to start to avoid free stuffs as you progress deeper into cryptocurrency. If you like free things, you will always look out for free things which means that you can easily be enticed by very good offers in the form of free things from scammers who wish to try out a new method. The sooner you accept that free things are dangerous the better for you. There are very few current credible airdrops, more than half are fake, you have to be extra careful, let the love for free stuffs not make you a victim.
The important thing is that you can be careful if you want to join airdrops because not all airdrops can provide benefits. Besides that, many airdrops will ask them to do KYC, which is really not worth doing because the rewards we get are not big when we submit documents to them. And we know that doing so is very risky because if our documents fall into the wrong hands, our data can be used by them to deceive.
legendary
Activity: 2268
Merit: 1655
To the Moon
...The good thing about airdrops is even without money , or what we call funds to buy tokens coins or bitcoin you can still have a chance for airdrops by doing small task and only consumes time and also small knowledge although some will post the process to do the task which makes it more easier, and then wait for further announcements from them...

It should be understood that there are two types of airdrops - for performing tasks in the test network and in the main one. And accordingly, it does not require financial investments only to perform tasks in the test network. As for the Unisawap and Dydx mentioned by you, airdrop was distributed among the early users of these decentralized exchanges.
legendary
Activity: 2590
Merit: 1022
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Recently airdrops have taken a different dimension where participants need to do more than just follow, like, retweet, and share to become eligible.
If you need an airdrop with future value, you will have to get more involved in the projects day to day activities, interact with their network or something to be eligible.
From what i observed, any potential airdrop projects these days now engage participants more, like engaging in their testnet process or do other tasks that involves interacting with the project which IMO opinion is way better than the usual  follow and get worthless airdrop.

What you said is true, the airdrop has changed to a new model. Where the participants will need to take the quests more seriously, the quests start getting harder and not everyone is patient enough to complete the quests to get the rewards. The tasks from the testnet process force us to do it every day and always interact with the developers if we want to get a reward and of course, the reward is very valuable unlike spam airdrops. Many people still don't know about the change of airdrop and they think they are still useless.
full member
Activity: 2324
Merit: 175


What's the ugly side?
I think this was not a good one after all, since you have fill up forms and use your email etc. for this one, you might get expose, and be in the batch of emails that can received malware links, scam links, that might accidentally click, and be a victims of ransom or any form of crypto or hackers getting your precious funds hard earn money or even your other priceless coins maybe eth bitcoin or any other altcoin.

So even though this airdrops are profitable for other people, there is still some downsides that we should always look into, so make sure  research about the projects, if they were really legit, so that there is not wasted time and efforts because we don't know what are really there purpose.

Hope this will help newbies like me to be careful and also enjoy doing this frees tuff without compromising other assets
best way is to ask also in this group because as i ready through other comments they are really helpful and explain everything to others, that's what i like about bitcointalk, information is overflowing, you just have to read and ask.


I'd like to comment on the bad side of airdrops because the bad side made me very choosy on the kind of airdrop that I'm participating in, not all airdrops are created equal, there are good airdrops where you need to just wait and get updates and there are airdrops that are created to collect emails and sensitive information which they sell in the market, airdrops that ask for sensitive information are not worth joining because there's no guaranty if the airdrop will have value in the future while you give away your information that can be used to scam people.
sr. member
Activity: 1470
Merit: 428
Hope this will help newbies like me to be careful and also enjoy doing this frees stuff without compromising other assets...
The biggest advice I have for you is that you should quickly try much as possible to start to avoid free stuffs as you progress deeper into cryptocurrency. If you like free things, you will always look out for free things which means that you can easily be enticed by very good offers in the form of free things from scammers who wish to try out a new method. The sooner you accept that free things are dangerous the better for you. There are very few current credible airdrops, more than half are fake, you have to be extra careful, let the love for free stuffs not make you a victim.
full member
Activity: 1246
Merit: 102
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Actually, filling-up forms, posting addresses, and following social media, etc. all over again and again is not even a hassle if only those repetitive tasks are worth of user's time. In most cases, even putting effort and dedication into joining airdrops was applied, all those serious work and efforts are nothing because of low rewards, no value coins, or much worst, the actual airdrop didn't happen.

Before, it's no doubt that joining airdrops are profitable that even a project with no appropriate use case, can be hyped.

But as always, a trendy thing always has an end.
At least to myself the worst aspect of airdrops is that now many of them ask for your personal information, I remember that when I first came to this market airdrops were already very popular and some of them made a lot of money to whoever that took the time to participate in the airdrop, however eventually the regulations changed and airdrops began asking for you to pass their KYC policies, and to me this is simply too risky as at best you will gain a few dollars in exchange for that information and at worst you will give away your information and receive nothing in return.
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
hero member
Activity: 2408
Merit: 584
Most of the airdrops are frauds, but what is more clear is that it is a waste of time being wasted just for doing airdrops, even though if we pay attention to working on airdrops to get results, it relies on luck, which is the same as gambling, so it's not clear which one will produce, even though we have worked on and conducted research.

We have to value our own time as best we can with the skills we have that are more valuable, so don't always rely on airdrops. It will be a little disappointing if you don't get results in the airdrops you work on.
Do it in a capitalist way, maybe a trade that can increase the chance of profit.
It's okay if they are fraud as long as you don't invest money on them. They are also easy to do and doesn't consume much of our time so I don't really call them a time waster. If we are lucky, the small time that we allocate is also going to be worth it because some airdrops are gems. They can worth a thousand or more dollars.

If we have experience from investing in a project before, we can also use it to search for a more worthy airdrop and not just randomly perform any airdrops that you saw because you are literally gambling that way. Relying totally on airdrops is of course bad but we can find a primary source of income first and then just do some airdrops on our free time.
legendary
Activity: 2534
Merit: 1338

Actually, filling-up forms, posting addresses, and following social media, etc. all over again and again is not even a hassle if only those repetitive tasks are worth of user's time. In most cases, even putting effort and dedication into joining airdrops was applied, all those serious work and efforts are nothing because of low rewards, no value coins, or much worst, the actual airdrop didn't happen.

Before, it's no doubt that joining airdrops are profitable that even a project with no appropriate use case, can be hyped.

But as always, a trendy thing always has an end.
At least to myself the worst aspect of airdrops is that now many of them ask for your personal information, I remember that when I first came to this market airdrops were already very popular and some of them made a lot of money to whoever that took the time to participate in the airdrop, however eventually the regulations changed and airdrops began asking for you to pass their KYC policies, and to me this is simply too risky as at best you will gain a few dollars in exchange for that information and at worst you will give away your information and receive nothing in return.
legendary
Activity: 3122
Merit: 1398
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Actually, filling-up forms, posting addresses, and following social media, etc. all over again and again is not even a hassle if only those repetitive tasks are worth of user's time. In most cases, even putting effort and dedication into joining airdrops was applied, all those serious work and efforts are nothing because of low rewards, no value coins, or much worst, the actual airdrop didn't happen.

Before, it's no doubt that joining airdrops are profitable that even a project with no appropriate use case, can be hyped.

But as always, a trendy thing always has an end.
hero member
Activity: 2436
Merit: 503
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I think choosing airdrops that's coming from reputed platform will prevent you from such things and will definitely have higher chance of giving you good returns, moreover there are some coins that is being advertised in their airdrops by some big platform like CMC and binance in which i'm sure they are really legit after all they have gone the review made by the big platform that is binance which i'm sure have some requirements that is quite strict in term of their selection against all these projects that trying to be adverised by the platform.
sr. member
Activity: 1372
Merit: 348
Airdrop in most cases are not profitable, many use it to phish for emails or members to join a telegram group.  They also use it to support their marketing portfolio so that when someone look at their contacts there are lots of them.  This can be use to attract client.

What worst among the airdrop is they are asking for KYC.  Funny how people fell to this trap and sad that after giving their information they are left hanging waiting for the airdrop that won't arrive.
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