The Good the bad and the ugly side of airdrops - page 4.

Rengga Jati

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Quote from: tech30338 on November 24, 2022, 10:10:31 PM

Almost everyone of us have made or search for airdrops and made money with just efforts and time
During my search here are some of the few of the past airdrops that i have participated:

Those have always been there, there will never be anything positive only in the crypto world. There will definitely be deficiencies or negative sides. Especially if this is related to new project airdrops where this is just like gambling. Maybe some people are very lucky because of the airdrops and get a lot of money. but many are also unlucky and don't get proper money even though they have participated in various types of airdrops. because this airdrops program is like a lucky program. Sometimes we have analyzed the project, and it seems promising and the results are good. but the reality is the opposite and does not mean anything, worthless. However, sometimes airdrops provide quite good rewards. However, from what I have observed and have participated in, the comparison between the results of airdrops that are really worthy and not very far away. many airdrop prgrams return nothing and are a complete waste of time.

AzamNurWahid

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Airdrops are a free way that we can do to earn income, and if there is an Airdrop that requires us to send funds, then just be careful. Because this could mean that the Airdrop is an Airdrop scam. But don't be too exaggerated in doing airdrops. Because there is still way to earn income for free, namely by participating in the bounty program.

bastian466

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Beginners are actually very happy if there is an airdrop project, it will be their first job during the learning phase. while you don't spend money to follow it, of course it's not a big problem and the work is quite easy and short, there are no tasks that have to be done every day

Crypt0Gore

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Always keep your major assets off any wallets you have used to participate in any form of airdrops, you must have connect such wallets to many different type of platforms and dexs, we can't tell which one is safe or not.

Have a separate wallet for storing your assets and another for airdrops.

Jackl87

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Quote from: tech30338 on November 24, 2022, 10:10:31 PM

Almost everyone of us have made or search for airdrops and made money with just efforts and time
During my search here are some of the few of the past airdrops that i have participated:
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.

Back in 2017 when i did my first steps in the crypto market i had a time of a few weeks or months where i joined every airdrop that was available. Even back then there were a lot of airdrops, but in the end i can not really remember of any airdrop that was really worth the effort. So i totally stopped following airdrop sites or telegram channels.
I would imagine that nowadays it is even way worse than back in 2017 and that today there are probably at least a dozen new airdrops of some shit-coins each and everyday popping up that will never have any value.
I made some swaps within metamask in order to qualify for a potential airdrop, but that is the only thing that i did in that regard.
Personally i think that airdrops are not good for the project that are doing it and also for the people that invested into that project that is doing an airdrop because then the telegram channel or discord becomes flooded with thousands of airdrop hunters that are absolutely useless for the project.

usekevin

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Now a days airdrop only using the people for the promotion of their project. They never interested to pay them back with their coins of tokens. Now most of the hunters in forum and in the forum related people was jobless.The airdrop target such people for the free work, the sad part of the game is even some bounty in bitcointalk also repeat the same.So it’s essential to check the past history about the project.

len01

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Quote from: Minecache on November 25, 2022, 05:14:47 AM

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)

Sterbens

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Quote from: AakZaki on November 25, 2022, 01:42:30 PM

Quote from: crwth on November 25, 2022, 01:13:59 PM

I think at this time, it would be tough to know whether a project would be valuable or not because almost everything has been created, but of course, there are a lot of innovative minds in the world that could make something new and have an impact on the planet.

In the previous years, I think it is more beneficial with that, but now it’s not going to be as lucky or effective now. At least that’s what I think.

It’s best to hold a coin that you really want in the work for so that you would not be hesitant or feel that you have wasted your time buying it.

The previous years were indeed more productive and there were many new types of airdrops that did pay airdrop hunters. but for now, the airdrop is not always a profitable event or not commensurate with the work being done. Airdrops are currently not easy to do, to get big rewards it takes more effort and that's also very rare. Currently, large airdrops are only obtained on the tasks of running nodes, testnets and the like, so there is more effort to be able to keep up.

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.

el kaka22

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The bad side always outweight the good side and that’s the trouble. Do not even bother to be part of any bounties or airdrops because if they are giving away their token for free, that means they do not consider it to be valuable at all.

There are two valid options with tokens when you are creating a new project, either do not have them all printed before, so that people would have to either stake or mine them and NOBODY has even a single one at first (the staking could be done somehow with others I don't know, it’s beyond me, or have a very small one) or you could just distribute ALL of it and not have any for the creators, that’s it, no presale or anything, just pure distribution.

AakZaki

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Quote from: crwth on November 25, 2022, 01:13:59 PM

I think at this time, it would be tough to know whether a project would be valuable or not because almost everything has been created, but of course, there are a lot of innovative minds in the world that could make something new and have an impact on the planet.

In the previous years, I think it is more beneficial with that, but now it’s not going to be as lucky or effective now. At least that’s what I think.

It’s best to hold a coin that you really want in the work for so that you would not be hesitant or feel that you have wasted your time buying it.

The previous years were indeed more productive and there were many new types of airdrops that did pay airdrop hunters. but for now, the airdrop is not always a profitable event or not commensurate with the work being done. Airdrops are currently not easy to do, to get big rewards it takes more effort and that's also very rare. Currently, large airdrops are only obtained on the tasks of running nodes, testnets and the like, so there is more effort to be able to keep up.

crwth

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I think at this time, it would be tough to know whether a project would be valuable or not because almost everything has been created, but of course, there are a lot of innovative minds in the world that could make something new and have an impact on the planet.

In the previous years, I think it is more beneficial with that, but now it’s not going to be as lucky or effective now. At least that’s what I think.

It’s best to hold a coin that you really want in the work for so that you would not be hesitant or feel that you have wasted your time buying it.

Bitstar_coin

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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.

Heulahee

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I had joined more than 300 airdrops till now, which include testnets, gleam tasks, joining the waitlist through email, etc, but didn't get too many positive sides, Although only one airdrop that you had mentioned about Aptos give me some benefits and others still in vain, and for me, also there are many malicious mails in my email, which I got through airdrops. So, this is a bad side of the airdrops.

$crypto$

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Quote from: The Cryptovator on November 25, 2022, 11:26:06 AM

It's quite surprising to me that you don't value your time. You are not investing money, but you must invest your time in order to gain profit from an airdrop. However, you are not valuing your own time. As far as I know, the majority of Airdrops are now scams. Those give out rewards, but the token value is meaningless. It was profitable a long ago. However, airdrop is now solely a waste of time. Instead of Airdrop, we could try something else. It's even not worth the cost of your internet service.

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.

danherbias07

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I only have two sides.
Good side: Free
Bad Side: You are expecting.

There are times supporters become hardcore that they want to support an airdrop until they die. Wrong!
Take advantage of them. That's all there is.
You don't need to keep on following them and hyping them up in social media.
Their reasons for making money are different than what you expect. A future. After they claim loads of profits from their airdrops they will soon forget you and so do their project. They won't even care.
All this reasoning is from experience.
So, if there's a chance to sell them for a good amount, do so. It's a limited chance.

albon

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Quote from: tech30338 on November 24, 2022, 10:10:31 PM

What are the good side of doing airdrops?
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.

There may be a good side to participating in airdrops, but it depends on luck because over the years airdrops have gained a bad reputation because most of them were a waste of time and you get shit coins that you cannot exchange on the exchange platforms, I agree that participation in airdrop tasks does not need any experience, but the search for legit airdrops requires experience, deep research, and great luck. Therefore, instead of airdrops, we can work in bounties in this forum that is managed by a trusted bounty manager without wasting our time on risky work.

joeperry

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Quote from: tech30338 on November 24, 2022, 10:10:31 PM

What are the good side of doing airdrops?
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.

So it's not free. You thought it's free because it doesn't include money but for some people time is more precious than the money. Also, you have indicated that most of them only get your information such as email and the other day you it will be raining scam links and ads, the reason is that they already sold your information to other people in exchange for money in other term they make money out of you.

There's actually some good airdrops but expect that most of the airdrops are random shtcoins and teams that would take advantage on you.

Though it can be avoided if thoroughly review the project.

TheUltraElite

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So anyway, I applied as a merit source :)

The good side that the OP talks about is non-existent.

These tokens that get distributed in the form of altcoins, they are mostly shitcoins and they get dumped by their advisors before the airdrop hunters are able to dump at all. Hence they are stuck with a huge stash of such coins in their wallet but no market to sell in.

Also because the supply is so abundant after the airdrop has happened and because the use case of that coin is bullshit, the demand for the coin is almost nil. Again this leads to a zero buying market.

Thus only the bad and ugly sides actually exist.

The Cryptovator

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It's quite surprising to me that you don't value your time. You are not investing money, but you must invest your time in order to gain profit from an airdrop. However, you are not valuing your own time. As far as I know, the majority of Airdrops are now scams. Those give out rewards, but the token value is meaningless. It was profitable a long ago. However, airdrop is now solely a waste of time. Instead of Airdrop, we could try something else. It's even not worth the cost of your internet service.

asriloni

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Airdrop actually is having more bad sides rather than good sides. If you are participating in the airdrop and you can only rely with your luck. You can compare how many successful aidrop with failed airdrop. It's easy to avoid the ugly side from the airdrop but agian the result from airdrop actually depend on the various things. People may be lucky enough to get some good things like able to get huge airdrop that worth lots of money but i just wanna try to remind you that if people rarely getting it, Maybe 1 year for 1 legit airdrop.
I have seen bunch of people have been trying hundreds of airdrop and most of them scam. It's up to 97% airdrop were scam. There was a little percentage like 1% from total airdrop refuse to distribute the reward.
Some airdrops were also forcing their users to fill KYC which must be avoided caused by it has potentially to be a scam airdrop that will steal your personal data through airdrop.

Topic: The Good the bad and the ugly side of airdrops - page 4. (Read 638 times)