Bitcoin Forum

As all this airdrop madness ensues and continues to make exponentially less sense I just want to give a word of warning to all everyone who is looking for the next airdrop to get in on: Please seriously consider before sending Eth to anyone!!

I am making this post as, as most of you have probably seen, this 'airdrop' fad has gone from silly to downright absurd and now people are requestin that participants send in a 'small amount of eth' to verify that they are in fact real people and not trying to 'game the system', if anything, this is the people releasing these coins 'gaming the system'. The majority of these coins are just copy and paste jobs.

The contracts are the same, the coins have little to no function and the 'devs' have little to no background information. Guys, do the maths, if someone is running an 'airdrop' and only asking for .002 from 5000 people, how much does that leave the dev with before he or she has to dump the coin?


While it may not be groundbreaking stuff, think about it, at today's current price that is pretty much $3,000 = half a full Bitcoin. Now, consider than most people expect Bitcoin to reach $10k by the end of this year and you realise that these guys can easily pocket up to $5k without doing anything but buy a domain and copy/paste some code into a smart contract.

My basic point from all this is that you are basically participating in an ICO with no research, no whitepaper, no roadmap and absolutely no purpose, and the only way this insanity is going to stop is if people stop buying into all this BS.

Personally, I genuinely believe that the majority of these tokens have been made by the same person/team of people and they are pulling a fast over on many newbies to the industry.

I'm gonna take a guess and theorise that most of the people who have been donating to these things are newbies to this and that the majority of seasoned traders etc would have more sense than to donate to a completely undocumented project.

Anyway, call it a rant, call it advice, call it what you like but we need to really make a stand as, as I have said many times before, these seemingly innocous 'projects' cause harm to the crypto industry as a whole and especially the Ethereum blockchain/technology. We need to make it so that shit coins are not popping up and making people a quick buck.

that is not an airdrop if they wish you to send an eth to their wallet..
just stay away

That was the point I was trying to make, I could list you a load of socalled 'airdrops' which are on the announcements page right now and I think that people need to really start treating them as th tripe they are!

The airdrop thing was one thing, but this is just plain stupid.

Those projects are total scams. Don't waste your time with scammers.
And never click on links for wallets on such ANNs.

one of the ways scamer create a fictitious and airdrop project to make a profit

and take advantage of people who want to get immediate results from airdrop

Its really a scammed thanks for the information. AirDrop is free so you can fet it for free. Getting coin by sending some ETH its really are scam, you can't call it airdrop its more or of you giving of ETH for them.

I have now observed at least one airdrop project request that only ETH addresses with a minimum balance of 0.01 be used to apply for the airdrop. This is reasonable to me. I know it still means people can just create multiple addresses to receive ETH, but it does add one extra step of preventing manipulation and gaming the system. I guess not everyone would want to waste fees for 100 fake addresses to collect tokens that may be worth nothing.

Now, that to me is a fair airdrop. After all, airdrops used to be distributed based on balances.

If anyone seriously spends their money buying shitcoins during their "airdrop" phrase, they deserve to lose the money.

I would not download any wallet to receive coins or pay for an airdrop. Having to hold a certain amount of eth in your wallet is reasonable and it remains yours,not the dev of the airdrop.

I think it's safe to say that when an airdrop has 5000 participants (within hours or a few days), then most of those participants aren't real.

This should be required reading for all newbies.

Most of the airdrops these days(apart from Byteball and OMG airdrop that gives you virtually nothing for your coins) are going to be either scams or simply not worthy our time to fill out their form. But at least, they're free.

As soon as they start asking for any sort of money, stop. It is not an airdrop anymore, and they are probably trying to scam you.

If they are legit, they should launch an ICO. Not beg for money as pose as an airdrop.

This is a very obvious scheme just to scam people in a quick way. When I see those airdrops that does that or even it is said that it's only optional, I will not participate because I know it will not go anywhere. Those optional gimmicks are just the same because it's like a hyip that promises a huge equivalent in return.

I do participate in different airdrops and also notice that most of them are requiring you to send any ETH for you to receive such tokens.
This kind of airdrop is a scam why do i say so? In my experience participating on different airdrops i do encounter a lot of scam and some are legit most of the fill up form for these airdrops are requiring you to send your private information such as your private key.
The other are requiring you to send any ETH on their account as donation, But we are the one who need donation thats why where participating on such airdrop to earn tokens for free.
Thats why i do a lot of examine before participating to such airdrop...
So better guard and protect your privacy to secure the safeness of your accounts. 

I totally agree with you, if all airdrop projects require participants to have a 0.01eth balance in their eth address. It's a good, fair and prevents people from playing multiple accounts.

But if the project asks for 0.002 eth (like op say) and sends it to the developer address, this does not make sense to me, better to find and participate in other ico only.

Someone is using word "airdrop" to sell his tokens.
It is not airdrop if you have to pay it, as OP said, it is selloff.
I am not sure why would anyone send ether to receive "airdrop".

People just need to use their common sense. That is why it is called airdrop because it is free but now scammers are using it as a way to take money from others with required payment, donations and some also make raffles to make it more attractive.

Im really sick of all those nonesense airdrops. Most of them are scams anyway and do nothing good for the space, only some greedy people that call themselves "devs" that want to get rich off others backs. You are right! This has to be stopped, but how? Its ridiculous that they now even ask for money... could you scam even more obvious?

Just stay away from any airdrops and don't ever send your money and your identity to them. You should be fine