Bitcoin Forum

Airdrops are a great way to attract people into newly-fond crypto projects. They're basically "free money" for not doing anything in return. Some projects have been widely successful after an airdrop, while others have gone all the way down the drain. There's been a upsurge of airdrop hunters looking to "milk rewards" from the system, effectively dumping all of their coins/tokens on the market for profit. While most projects have been quite flexible in the eligibility for an airdrop, one project decided to take the stand by adopting measures to prevent abuse. Parachain Swap's airdrop has been quite controversial as it only rewarded a small portion of its users. The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.

Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you. :)

For not doing anything in return? That's not true new projects needs to shill on social media that's where airdrops comes in handy, they ask airdrop hunters to follow their accounts on Facebook, Twitter and Instagram, even telegram and also retweet some posts and tag some friends along, for the fact that airdrops aren't worth much I believe it's not for free

I don't have exact knowledge about this particular airdrops but many of them are limited to the number of users and are either lucky draw (like most hosted in coinmarketcap) or gaining more points through it's social contest. But if the particular project promised coins for every participants and went on to withdraw it's promise, that's a scam.
There are measures projects are taking to stop airdrops from being dumped like freezing the rewards and releasing in smaller batches which could be justified. But there's no justification in failing to delivered what's promised without any valid reason.

I stopped joining airdrops long time ago, and surely some would have done the same as well.

It's quite good idea for a project to do the same as what you mentioned in the OP, since it is indeed vulnerable to abuse. People making an alts here and there with their fake information. I wouldn't term that "penalizing" though. I would describe it as limiting the users involved like what tsaroz mentioned "lucky draw". It is not 100% foolproof, but it surely reduces abuse. I believe some airdrop "hunters" dump the coin anyway, so what if the platform just decided to limit it. There would be lesser number of people dumping their coins, though I know that even common airdrops aren't that much of a percentage out of the total supply.

Will it do any harm to crypto? No. I don't think that attention to crypto is highly focused on airdrops anyway. Many airdrops turned out to be a scam long time ago and if that hurt crypto, there wouldn't be that much of newer projects coming right out these days already.

as far as I know, airdrop hunters do some light work to get their rewards like registering, liking, tweeting, sharing, and so on. it is not done for free. for a project itself, airdropping is a cheap advertising price.
I don't really understand why we need to penalize airdrop hunters for selling their assets. however, as developers, they should see the risk. if they don't want airdrop hunters to dump the price, limit the tokens to be shared, or pay using stable coins. it could be an alternative. however, airdrop hunter also has a small risk when doing tasks such as preparing to be unpaid or other things.
Actually, there are many ways to prevent airdrops from backfire for the project, but I don't think this is the airdrop hunter's fault.

Note : I'm not an airdrop hunter, even I very rarely do tasks for airdrops.

I won't agree that the reason for the price decline is just because of they didn't airdropped to all the participants, in fact the price will be declined more if more tokens were dumped if we look this technically. But its a strategy from the development team which is in practice from 2017 even in the bounties which is like suddenly the team will ask the participants to complete KYC after the completion of rewards and one who failed to submit won't get any rewards no matter they did every task and they also say a reason which is they don't want the alt accounts to abuse their rewards.

One thing that can attract people to like the project is the partial airdrop program. For legal matters, it depends on the situation which logically does not facilitate the existence of the law. now many telegram groups can strike back at any project if there is a distribution problem or fraud in it. usually the hunters will attack the project's social media accounts until they are turned off??

Airdrop hunters that are moving on from project to project and immediately dumping all the tokens once they have received them are never good for a project and i would also add that i am pretty sure that most "professional" airdrop hunters are also cheating. They simply create 30 different telegram, twitter or whatever accounts and then get rewards for 30 participants. When i invested money into a project i always hope that there is no free airdrop or stuff like that because that only attracts those airdrop hunters and once the campaign is over they are gone, never seen again and have added zero value or benefit to the project.

I do think if that's a good idea. The only problem was so many airdrop hunters are looking for fast money and they didn't even care about the long-term project. So many of these airdrop hunters just wanna dump the tokens to the market. The reward should have been given to the real supporters who have been supporting the project since the start. I should remind you that after uniswap airdrop so many people have been trying to do swap in all of swap platforms just to be eligible to get the reward once the developers issued the tokens like uniswap. 1inch case also reminded us about that. Paraswap was not so big as uniswap and that's the best thing to do by the developers to give reward to the real supporters. I do support the chance that already made by the paraswap chain. This will make more developers aware to give the reward only for the real active users of platforms. Airdrop hunters meant nothing. Even if there was no airdrop and they will be fine. Airdrop just a way to raise awareness from the crypto users.

I've been an airdropper before and I tell you this, it's really hard to earn a penny if you're unlucky with getting a good project. The rewards for airdrops are very small compared to the presale holders tokens which is why you can't blame the tokens dumping because of airdrop. In fact, airdrop is one of the cheapest way to advertise a project. It's obviously common sense to sell tokens after getting them because they earned it. All the work airdroppers do are not free of course depending on the project. There's no free airdrop nowadays anyway, it's more on referrals and things like that. If airdroppers don't work, they won't earn even a single dollar.

AirDrop has been introduced in the forum mainly due to some poor countries so that they can earn some money. But if they do not pay this money then it would be better to take measures.

If a project decides to organize an airdrop and the participants carry out their tasks in the best way possible, I think they should be paid their reward as soon as possible, and they should obviously be free to do whatsoever they want to do with the tokens they receive and they also should not be held accountable for the failure of the project if that happens. It's up to the project developers to continue working on their project and trying to develop it's ecosystem even after the airdrop is over, I think it's a cheap excuse when project owners/developers put the blame on airdrop hunters when their project fails.

The only airdrops that makes sense are swap Dex platforms like uniswap or 1inch, just use them and hope for token launch, we've seen shapeshift and paraswap doing this in 2021 so try as much as possible to always use Dex swap rather than doing tasks to earn airdrops

Usually from what i see, airdrops or bounties only take small portion from total supplies of the coin. If dumped because airdropper, it only small chance except the coin really have small volume in it. And who mostly got a big chance to dump their coins is who bought at cheaper price because like me and some of people i know, they who got at cheaper price from ICO will immediately sell their coin and change to other projects. Penalizing is bad idea because it can be prove that developer not really seriously to  work on their coins because only afraid if dumped by airdroppers, and maybe which make it worse is when a lot of airdroppers put complainment, and cause potential investor not joined to project that have problem.

There's a thing or two to be done when you want an airdrop, it's not totally free, the least you can do for them is join there public channel like telegram or discord. Airdrop has it's pros and cons, they knew that and still does it for it gives a lively market, the coins are alive trading when it goes to an exchange. I remember selling an airdrop coin and ends up buying more.

I would imagine "people who chase free money" could get mad as much as they want to and it would not hurt crypto as a general market. I mean sure it would hurt that token or that project and that is expected and they are aware of it when they do it as well. However that will not change anything in crypto as a whole.

Crypto could go up or down based on people buying and selling, the more money you have the more you can change the direction of crypto, if we are talking about people who are chasing free money then I doubt that we could actually end up with anything that would matter since they obviously do not have too much money. If they had so much money to matter and care, then they wouldn't be chasing for free money and since rich people do not care about 5 bucks free given, then I doubt that even that project could be impacted all too harshly.

Airdrop hunters have now expanded a lot more, what I expected, it can even be said that airdrops are called free money seekers with a lot of hunters doing, but it's all still according to the developer's provisions whether they are able to control airdrops and whether there is a positive or negative impact .
What I know is that every project always has a mature airdrop plan and we already know that maybe airdrop hunters get thousands of dollars from what they do, this really helps their project so that it develops more, if they fail it's not the hunter's fault but the developers can't do it the best for the project.
which I know like Uniswap, PCS and other DEX exchanges always have airdrops with different tasks.

Why would do they penalised though? I mean as you have said, airdrops and airdrop hunters has been in crypto space since 2017 (if my memory serves me right), so why now penalised them?

If there is one to be penalised, it should be the projects that take advantage of airdrop bounty hunters because they are not rewarding them on time and on the contrary, scamming them. And I doubt that there's someone or some group that will penalised anyone here as crypto is decentralised.

I think yes, but it would be difficult to sustain the penalties for now, because the airdrops hunter's are a very large community and naturally they can affect the project, for example when they dump it affects the price of any project token they had just dumped, the only way I think this should work is giving them locked airdrops where their reward would be there for them, but they would be forced without option of dumping their rewards, this in the future would be good for the project and the airdrop hunters

The only thing I see airdrop hunters are good in are the dumping of tokens. Apart from that nothing else. Airdrop hunters can make the price of a coin turn from $0.1cent to $0.004 within hours of distribution. The funniest part of it all is that they tend to dump the coin sent to their wallet at the same time.
The best way to follow airdrop hunters is to reward them with a small number of dollars that will be distributed after 3months of the ICO

but are you really sure with that? the percentage given to airdrop hunters is very small as compared to those buyers with very high bonuses or as compared with the dev team's possession. so if in case airdrop coins will make a dent on the market, it should be not that much or only short period of time. if the project is strong, it can easily goes up because the amount allotted for these airdrop hunters are only small.
what i noticed sometimes is the team will blame the hunters but if you look at the numbers, it is not the hunters who caused the decline but the team itself or the buyers who dumped their own coins. unless, the team is allotting more than 50% of their total supply to the hunters, which is not the case.

I personally don't believe that airdrop hunters should be punished or penalized except if they do not follow the rules, and this aside, airdrop hunters are paid to do some manial jobs like following twitter and retweeting and linking post, joining telegram groups and other tasks, so this is to correct the op that money paid to airdrop hunters are not totally free, they are paid to perform a task which literally you won't have interest in without the incentive.

It is unethical to penalize or punish airdrop hunters who follow and fulfilled all the tasks required, you launched the campaign yourself, no one forced you to do it, why then should you turn and punish your customers???

Many social media that affect new projects can develop, both facebook, twitter, instagram and other media, the maximum promotion method currently only uses social media, even many new projects that intentionally collaborate with certain media, but development must also be complemented properly, so that the binders really feel the project has a good future in the future.

Well, we really can't deny that in airdrops, there are still many hunets with multi accounts.
1 person sometimes joins multiple accounts.
And this penalty may only be for those who are proven to have committed a violation. And this is the right for project teams to give their rewards or not to only those who deserve it.
But it may be more difficult to give strict selection.

It's not a wise thing if the price of new projects falls, blaming the airdrop hunters, because the airdrop allocation is usually very small in percentage.
So I agree with you, the possible cause of the price of new projects falling, because the project team itself cannot manage their projects properly.
Or these coins investors who usually buy in large quantities and immediately sell them all as soon as projects are listed on exchanges. That's
the most reasonable reason to make a new projects dump, so I don't agree with airdrop hunters being blamed for falling prices for new projects
when listing on exchanges. Moreover, it is impossible for new projects to dare to take the risk of allocating a large percentage of supply for airdrops.
If there are project teams that blame airdrop hunters, I think they just want to cover up their own mistakes, so as not to be blamed by investors.

most airdrop hunters throw away their tokens after earning without looking at the market and doing some short work but that doesn't mean they should be penalized for that reason because they did the job a project defined and a project profited from it because of a retweet/share that so quickly spread in the media that it could attract several investors;possible...???

Or perhaps just stop the idea of airdropping all in all? The thing is, a lot of people are joining airdrops for the money and not really adding some substance to the community. Kind of like robbers in broad daylight. I understand that this is a strategy to get some more people on board the project, but it risks the investment of those who actually paid to get in on the coin. It's not being selfish to restrict airdrops, but it's a smart move to lessen coin dumping all in all.

Yes, the penalty should be given to those people whose are cheating the bounties in the first place. I mean if people think that airdrops are the main reason most of the new coins are dropped in price and should be blamed for that, just think about this "If you get the rewards for your work, would you just hold it until it worth nothing?" that's just a normal thing to do for people in general.

It's been a long time that I participated in Airdrops simply because they're hardly worth the effort, even bounties I just started doing recently. This is because it is frustrating to be completing tasks on social media and you hardly get any reward as most of the projects turn out to be worthless even if they paid.
It is sad that project will punish airdrop hunters after carrying out the tasks, such project shows signs of lack of good management because tokens for airdrop should be fixed such that it won't affect the price of the token no matter the numbers of airdrop hunters.
The airdrop tokens can also be released in phases to avoid dumping the price.

ParaSwap distributed PSP tokens to early users in value of $150 million. Actually, terms of getting airdrop were not transparent and it is still unknown how they chose people who get tokens. The ParaSwap dex aggregator has been launched its own PSP token. In honor of this event, the team made a major airdrop to their users. Unfortunately, only about 20 thousand users of the platform received a drop of 150 million coins (7.5% of the total amount of coins). Personally I hadn't used this platform actively, so I was not disappointed that I hadn't got anything, but there were a lot of people who constantly used this platform and they also didn't get anything.

On the one hand, it is their occupation so they search for airdrops and complete different taks for the whole day, so it is their work, I don't think that it is fair to penalize people for their work. On the other hand, if you don't do it professionally and you have another work, you can't participate in many airdrops using a vast of accounts, so you can't get tokens for free :-[

Actually, airdrops is not always about new projects. There are projects that have already had working platforms but they didn't launch their tokens from the very beginning, and they do it now and reward early or active users. There has been a case with a paraswap recently, also there is an anticipation of Metamask's token so if the project is already famous and just want to reward its users, I think that people will not sell off it as they will believe in prospects of the project.

Why penalize something that still works? Even projects that are well funded still gives away tokens on Twitter for just following and retweeting posts about the project in return, airdrop is good it's just that so many airdrop campaigns end up not paying their participants

Now many new airdrop with dex exchange and giving much value for participants, last airdrop bico testnet where many member received more than 20k$. I am very surprise because why left this best airdrop and hope one day can get bigger amount reward from airdrop project. Keep trusted and believe with airdrop project because faster to earn money.

Not "penalize" because it sounds to be hardcore. First of all, the project behind it is the one who made the airdrop and they just joined it.
Penalized the abusers who are using the same IP to sign up a lot of different users to take a huge part of the reward.

Regarding the dumping process after being given and listed, the best solution would be to lock the funds they had and make an installment process to avoid the value being brought down into hell.
Example: 1 percent of the acquired token per day, so it will take them 100 days before they can withdraw it all. It gives time to the project to acquire more investors that would really support them and maybe make these airdrop hunters think twice about selling it when they see a good change in price.

First of all, if the projects altcoin price drops after airdrop or bounty, it is projects fault. Either project is weak, or it was a bad marketing decision (maybe distributed amount was huge), or the project did nothing to save price.

Why someone penalize someone who worked with you? Should employers penalize employees if the business is doing bad? Especially if it was projects initiative to run airdrop and no one forced hunter to participate.

That is because they feel it is better to sell the token while the price is at the top price than to wait for another time to sell as they will not know if, in a short time, the token can hit another top price. Some tokens can give their best performance, but we need to know that not many of them will be like that. The airdrop project is something that people want to participate in because they do not have to fill many requirements before joining. If one or two airdrops can give them a big reward, that will be a bonus for the participants but the team needs to realize that the participants can dump the price to the lowest price.

Maybe it is not a good idea to penalize the airdrop hunters because at least they help the project be known by many people out there and that can increase the awareness from people to invest in that project. Maybe the team can discuss with the manager of the airdrop hunters or even their community and make some requirements for the airdrop hunters.

Not a good idea they will lose their reputation, once you send the airdrop or rewards to the bounty hunters you should have no control over what they are going to do with their coins, if you are going to set up rules then don't do airdrop at all, if bounty hunters and airdrop participants want to dump then let them, the coin if it has a purpose and potential it will pick up and true investors will support it, whether we like it or not there will be weak hands among these bounty hunters.

I believe that the one should be penalized are the ones who caught cheating and doing fraudulent from doing something in bounty or airdrops. There are some airdrop campaign that has really simple task and some are also has many tasks in such way that all of the project's social media are posted upon however some airdrop hunters are cheating that they would get other's work by copying the work and yet change the rewards addresses in order for them to get it. So, they are the ones should be penalized, and not all necessary airdrop hunters.

yes this a bad idea instead punish bounty hunters ,projects that declare airdrops to be share and then they find out about account abuse or whatever it this ,it will be impacting to other people who hunt clean without airdrop abuse ! reputation will be a bad and will make people do not believe then will not last long for grow up in side investor ! ^{only those who commit fraud should be punished and must not affect holy users}

The answer maybe yes or may be no. As far as I can see when airdrop participants will be doing massive spam to the bunch of crypto groups. this will make people about such platform but in another side the airdrop participants will be harming the market as when they received their reward and they will be intentionally dumping their token instantly for a burger.
It will not harm the adoption or the blockchain nor crypto. They are in the airdrop for fast money. They didn't never think about the tech behind it. That's what the majority of airdrop participants think about that. As long as such airdrop potentially to give you money and they will be there. The basic thing of airdrop is as long as you can make free money and why not even you have been trying lots of effort that can be wasted anytime when the airdrop worth nothing.

Even though it's a profession and using their expertise to be able to exchange rewards but these hunters are overusing their skills, of course, if this angle can further trigger the project's potential, quite a few people won't object but unfortunately, all of which only triggers the collapse and loss of balance among the participants. However, it's hard to punish these people when they're smarter, so it's only reasonable for them to expect what's commensurate with them, maybe the development team should edit more about the airdrop system, limit the number of accounts as well as create more commissions for those who have done more according to certain tiers

Copying of work is your list of concern since there's a serious issue involving on airdrop which is the multi account participants. Copying of others work is very rare and I believe you are pertaining to social media bounty campaign and not the typical airdrop which only requires to follow the project social media account and Like some of its post. Multi account cheaters is the main reason why airdrop always result to failure. They are giving huge amount of free money to a single user using multi account just dump it immediately on an exchange.

More and more airdrops certainly show that more and more coins with obscure projects are popping up. Things obtained for free are only used to make shitcoin deposits without a clear project in exchange for uncertain value. Only a fraction of the airdrop is real and it's worth it.

For this reason I decided to stop joining Airdrop. The income from the airdrop is less than the usual bounty program. Although paid most of the coin are not listed on the market.

Actually, the developer's goal is to launch an Airdrop program to expand their network. Of course, this is often used by airdrop hunter. Airdrop participants are happy to take the time to share or click like on their social media with the aim of being able to get free token rewards.

I don't want to say 85% Airdrop scam, If participants find something wrong with one of their social media accounts, such as an unconvincing display or their newly created social media account. Better leave it alone, because there are suspicious indications.

Airdrop participants should study carefully the clarity of the airdrop first. Like the team, dev, website, smart contract and most importantly the whitepaper. Only then can you make a decision whether you want to join or not.

Most of them are scammers who just want to attract attention. And then even if you get tokens, they either cost nothing or the price is ridiculously low. There are very rarely worthwhile projects. Long ago I stopped wasting time on this. It does more harm than good.

I guess they'll attract more investors if they will only allocate a little portion of their supply for airdrop, and that is regardless of the number of airdrop participants who wants to join, besides, the supply for the airdrop is fixed, so the more the participants, the lower they'll receive individually.

You can make a system regarding that, but always make sure everyone receives an airdrop so no one would complain as a mere word even without evidence has a risk to destroy the project's reputation.

There’s a lot of big airdrops before and lucky to those who work with it patiently. If you are lucky enough you can also have that lucky airdrop just follow the instructions and everything will be good. Its ok to deny participants of the airdrop, after all they have the rules to follow and if the hunter fails on that, its not fair for them to qualify.

I don't think that it's a good idea.

The more evenly the rewards are distributed, the more likely there is community hype and liquidity around the project, and the more chances of the project actually being successful.

Makes no sense to penalise those who helped your brand to get to where it is.

Airdrop is for participants have extra ordinary patience level and not any one can and keep stay joining an airdrop project, many people just doing few airdrop project only and less payment they will not care and never interested for joining an airdrop project again, but for participant have higher level patience will join all airdrop project depend which one lucky and have value after distributing coin on your wallet.

I also think the same, bad idea blaming and penalize airdrop hunters. Because from the start the project team decided to promote projects through
the airdrop program. So they have to know the risk that the airdrop hunters will sell the coins they get as soon as possible. Therefore the project
team must have careful planning, do not allocate supply with a large percentage for airdrops. After all, if we think about it carefully, what makes
the price of a project fall is not because of airdrop hunters. But investors who buy these projects in large quantities, if they sell them will make
the price of the coins dump.

After all, airdrops are the most effective way to attract many people's interest in a new project, the most important thing is to distribute
airdrops properly. Due to the fact that humans really like free money, what is needed is to limit the coins allocated for airdrops, after that
set the airdrop distribution schedule, don't be too quick to share airdrops. If the project team  do an airdrop program with careful calculations,
there is a possibility that the promotion of the project will be successful.

That airdrop was quite funny to behold. But I don't believe its wise to penalize these people. They are doing the work required of them and should be rewarded accordingly. However, if a project wants to limit dumping, then perhaps they should limit the airdrops supply (1% max being handed out). For blockchains to reach critical mass, I firmly believe they should impact all our lives positively, and they can, and this is another extension of how we can get that to occur, with little to no risk/investment.

I like Retro Airdrops more to attract activity to the project. For projects this is better than an airdrop because the project can filter out multi-accounts.
Such distribution of coins or tokens does not harm the project if they have distributed no more than 1% of the emissions.

in fact, the projects that conduct such airdrops hope to attract a specific audience to the project, perhaps potential investors or just advertising, and as a result, bots and multiaccounts are obtained that harm the project.But it all depends solely on the projects, because everyone remembers 400 UNI where there was a distribution for huge sums, now the project is top of its kind and hyped very well at that time.I'm for justice!)

Airdrop mostly with small tasks which you can do it in 10-15 minutes depending on the tasks, the project will search for an awareness first before they're launching public sale. The real problem is there's a lot of cheater in airdrop hunters which made the project after listing dump so hard there's like no one really supports the project and only wants free $$ 

I think that projects should not punish airdrop hunters because the projects themselves are responsible for this. If something went wrong as the team intended then this is team problem because the hunters aren't to blame here because their motivation should be clear for projects from the very beginning.
If the team has no way to solve such a trifle then what kind of development on their part can we talk about?

To be honest i never see a project that pay hunters for not doing anything especially when it comes airdrop, because usually there's always a task, wherein basically in order to spread the name of the projects around the internet they provide task in social media which common ways ever since before. And why need to punish airdrop hunters? I don't know if it make sense, because its not their job anyways to keep the project good all the time.  :D if they all dump it's their decision and that's their reward wherein no one can stop them.

Indeed most of airdrop hunters only care how to make money and most of them looks don't care about the future of the particular coins but in my view penalize the airdrop hunters cannot solved these issue because there is no guarantee the coins price will always be stable although the Devs giving low distributions to airdrop hunters and i think the keys is to the Devs themself that how far they can maintain market support or popularity of those coins

As for me, it's the project's part to limit their participants. It's necessary to control the number of abusers. It will be beneficial to the project as well as the investors. It wuuldn't harm crypto because we really need to balance everything even the rewards distribution. There are honest participants but there are even more abusers.

This will apply both good and bad sides of the projects for its doing such campaign for new projects will certainly have an edge to gather more supporters, community and possible investors of the project. Putting a penalize on airdrop users will not be the answer of price dumps once project is listed on exchange. There are better ways of filtering these kind of distribution on participants to prevent dump and to secure sustainability of the project in the future.

Well I am not sure how directly it would affect investor, since mostly airdrops should be just a decimal portion of the total token/coin. I don't see any reason for any project to overdo their airdrops, unless they are really desperate for attention.
I guess this is why some airdrops also implemented KYC verification. As much as I hate that process, it can be somehow beneficial at some part.

Although I didn't joined airdrop ,but I don't think why need to penalize airdrop hunters? It's not their fault to receive free tokens because it's the project decision to give some free tokens as part of their marketing. And if that was their plan and strategy they should not be surprise if ever the value of their tokens dump after giving airdrop because that was already expected to happen. So, I think don't blame the airdrop hunters, instead the project team should know the result of their airdrop token and must have  a plan to maintain the value of their tokens despite the hunters sell and dump. Also, the project is the one with the ability to control their free tokens for airdrop hunters to avoid dumping.

There are projects that are still successful even when airdrop hunters throw away their tokens. Maybe they have a back up plan or their project really has a use case so the airdrop effect isn't much.

Whether we realize it or not, the airdrops event are one of the most powerful marketing techniques, it is also very cheap to reach the entire community through popular electronic media.
As far as I know, airdroppers do small tasks to get rewards, not for free like OP said.
If asked whether it is appropriate to penalize airdroppers, I don't think it is necessary because they do so on the basis of support from the company that held the airdrop itself.
If they sell assets from the airdrop, we also have no right to ban or penalize them because it is the result of their work.
It will cause a dump price of course, or the company can provide stable coins in anticipation of a dumping event by airdropper.

If hunters are abusing an airdrop campaign, developers are right to penalize them, because it's usually stated in the application rules participants can't do some things, especially joining it with multiple accounts (what is really common), and if they are caught doing that, of course they shouldn't be paid. But at same time, I also understand some developers are the cheater ones who will use any excuses to penalize their employees in order to distribute less coins as possible to decrease the dump effect in the market, while being promoted for free.

There's no way to penalize airdrop hunters... a project that wishes to be fair can have more requirements for an airdrop that can lower the abuse from some hunters who create multiple accounts for claiming airdrop, but if requirements are too complicated there will be fewer hunters... which will not be good for the project!


Exactly like that, airdrops are a marketing technique, which is very cheap for the project managers, they are airdropping their coin or token that is worth nothing basically, and they get visibility for doing that!

It depends on the projects, there is a lot of bounty hunters who does not really give any value to the product and all they care is to get the bounty amount, but it will help in creating the initial traffic they are looking for. It depends upon projects leaders as the bounty sellers could have an impact on the price for the short term but in the long term if it is a strong projects, these bounty hunters wont be a huge problem.

Exactly, why would you penalize airdrop hunters? It is an easy way to reach a lot of people (as everybody enjoys free money). However, abusers will always exist and it is virtually impossible to ban all abuse. One way could be to force KYC when you want to claim an airdrop, but than not a lot of people will participate in it also...

Excuse me, did you just say that airdrops are free money for doing nothing? OK I do know that it’s quite difficult for the project because most of those airdrops hunters are definitely going to dump the project after they have gotten the tokens or gotten paid. But, don’t say that airdrop hunters don’t have anything to offer for the projects, the projects are not doing airdrops for free, people will have to participate in one way or the other before they are paid for it, so it’s not basically a free money. You have to do some promotional works for the project, by promoting them on your social media pages and also joining their telegram groups, etc.

So, don’t say that it is a free money, because it is not. And moreover, not everyone who participates in an airdrops gets paid. So it’s kind of balanced, the devs know how much they can afford for an airdrops and that’s what they use for it, and only a selected few people are paid.

Now many investors are trying to get airdrop from the project, which are at an early stage of launch. But these are just expectations based on the fact that previously similar projects were generously distributed by airdrop among early users. I also have small expenses that I have to endure for the sake of a possible airdrop. But we must remember that such airdrops are not mandatory and you should not be upset if you do not receive them.

Right now many investor looking opportunity with dex new project like swap coin on new dapp exchange with several amount waiting few weeks later will announce with qualify or not, much allocation giving on airdrop dapp exchange like paraswap, quickswap and many dapp exchange market right now. But we need much money for qualify and have loss more than 100$ as eth fees to swap coin before qualify and get much airdrop coin.

For what reason they will need to penalize? For abusing the airdrop or for dumping the tokens?

Its quite normal for these airdrop hunters to dump the tokens instantly after receiving it because they're more concern on the profit rather than on the project itself. Nowadays majority of projects conducting an airdrop are just scam. Gone are the days when participating in airdrop is still profitable because now its a waste of time.

How did the word "Airdrop hunters" even come in the first place? It was supposed to be a sort of appreciation token to show off for those who took part in promoting a project and got that in return. While there have been bounty projects for the same, there is little difference between these two. Now when you change a participant to a hunter, you are basically making this a job-hunting spree like, which it was never meant to be and that is why we have so much of spam surrounding projects in social media.

I think there needs to be more strict control over what they are posting and how they are posting. Although there would be a massive outcry if any policing is done here considering the crowd.

But airdrop hunters and bounty hunters should assume every project as failed before they start so as to reduce the frustration that happens afterwards.

When the new projects launch. They need promotions. So they contact to the airdrop creator having a big community. So they get a lot of publicity. and a huge number of holder. so the new project become more stronger.

I agree with you if they don't want a significant drop in the price of coins, they should continue to develop their projects to encourage investors' interest to invest in the projects they launched, I personally don't agree to punish airdrop hunters because with the promotions they do, create a lot of projects new success get high popularity among people.

I'm not a big fan of an airdrop scheme to promote a project, but if a project chooses to do airdrop to market their campaign they have to be ready for hunters who will cheat the system and dumpers, they will end losing their reputation if they decide to only rewards randomly, an airdrop is an airdrop they invite people to claim then they have the right to get their shares and dump it if they want once they receive their shares if developers are not comfortable with this then don't do airdrop at all.

Yes, in the Ethereum network, such attempts to ghostly receive airdrop are associated with the loss of ETH due to the high commission on the network. But it is necessary to direct part of the budget to such expenses, so that later you do not regret the lost profit. And of course not to miss such airdrops in alternative networks with low commissions, such as BSC, Polygon and Solana.

But it is the airdrop from the Ethereum network that has the big payoff as we know what paraswap is like? A friend of mine got 12k USD from a paraswap airdrop and it only dexed a few times and he ran out while it cost $150 but the return on the prize was 10x you know.
Well now there is a Dapps radar but we don't know if it will get an airdrop here or not because I haven't done much research yet.

That is the problem though. This airdrops project owners will not like to do that because they know they are also limiting the number of people that will help to promote that project, though some of them do give that info and more so, but we understand that even when this kind of information is given participants still exceeds the limit number so, most will not get even if they did all task.

Dapp radar has a high chance of issuing its own coin, since it still does not have it and, accordingly,  airdrop for early users. For this reason, I made one swap in excess of $1000. The commission for this swap was $72. I hope that this will be enough to get an airdrop, in case Dapp radar distributes it.

Exactly. Airdrop hunters "abuse" the system, in order to get what they want. After all, who doesn't love "free money"? Projects should place some restrictions in order to avoid a massive dump of the underlying coin or token on the market. Otherwise, prices will go down the drain at a very fast pace. Of course, too many restrictions will do more harm than good to the coin's mainstream adoption. Parachain Swap's team thought they did the right thing by preventing airdrop hunters from gaming the system. But that decision caused them to lose a large number of users on their platform. If they would've been "flexible" in this regard, none of this would've happened. Crypto's always been about usability (not about the money), so it's okay to penalize airdrop hunters as long as restrictions are not too fierce. Just my opinion :)

Participate in swap platforms like metamask to get reasonable rewards from airdrops or look into airdrop that are base on play to earn because they always have good value if you get paid, some even share free NFTs to their users like phantom galaxies and bxie infinity

Paraswap basically mess up everything and people became annoyed and choose not to buy the token. One of my mentee who happily just swap once was eligible for the airdrop. I that swap back and forth, using Bep20 and Polygon chains got nothing. A friend sold his able 1M unit of RACA to participate in the Paraswap airdrop and got nothing. It turns out that he took a negative risk gamble because Raca mooned parabolically. He lost out on both. He dares not be a fan of Paraswap. Sometimes, when we win an argument, we loss an ally.

Impact of airdrop hunters on the price of their promoted token will surely has effect on the price, it is very unfortunate now airdroppers don't care about the future of the token, they don't hodl their coins for the future, airdroppers played a major role in information dissemination of that coin, imagine thousands of bounty hunters dumped a particular coin immediately after lunch it is very obvious the price of that particular coin will drastically drop to a minimum value.

It is a difficult balance to achieve, after all I understand why developers do not like airdrop abusers, after all those abusers are denying other people that could be legitimately interested in the project to get their share of coins while also causing dramatics drops in the price which reduces adoption, but at the same time if they take a posture that is too harsh against people that get airdrops then the whole point of giving an airdrop is defeated as now people are not interested in trying to get the coin as the bar is too high, so they are in a difficult position, but I think they had to do something to try stop those abusers.

The truth still remains that airdrop hunters are not given rewards out of the project magnanimity but as a reward for the service rendered. Some airdrop hunters may default in the agreement and as such those hunters should be penalized. But there's no moral justification for denying the reward of every participant because of the irregularities of a few.

Not all airdrop are paying good money, there’s still a risk on this so don’t expect too much on Airdrop since they can easily penalized you based on their own terms. Just keep on joining a lot of airdrop, you might find the lucky airdrop just like the other hunters, be more patience dealing with those fake airdrops that seems to be more normal now.

Well that is a good idea, as of now, an airdrop is not totally free, not like before. Just drop your ER20 address and you will be given their token but now --there are too many tasks to do before you can participate airdrop. Plus another factor is, airdrop as of now is not worth it anymore and the best thing to do is replace this airdrop marketing with another one. I don't know if there is someone still here doing such bounty airdrops which is not worth and for me --it is just ting of time.

It's true that actually in Airdrop we need to join as many as Airdrop projects,
because there are still many scam Airdrop projects and sometimes not all participants will get paid,
for sure Airdrop is still profitable and it's back to our luck

Well not sure if airdropped tokens would actually affect the price overall even if massive dumps happen, since it is just a small portion of their total tokens in the end let alone their bounty program that should be a bit higher allocation than the airdrop itself.
I guess restricting it would also to be for maintaining their audience and community as well, and not only just for anti-abusers of their airdrops.

I don't see how it's free money, considering the fact that airdrop participants are asked to do certain SM tasks before they're qualified to get rewards. What about the shares and tags? What about the email request (by the way, some of the projects even end up selling these emails at dark web). It's obvious that those still indulging airdrops now are merely wasting their time. It's like getting into faucets – much noise, less reward (sometimes, no rewards at all.)

I ain't sure distributing airdrops can lead to the collapse of any project because what teams distribute is an infinitesimal percentage. If anything, airdrops help spread and advertise projects.

I think people should even stop thinking they can make any gains from airdrops and jettison the act of getting involved in it. This way, devs and their team will learn how not to take participants for granted.

No, airdrop hunters definitely shouldn't be penalized. It sucks that some people want to do what's required, get their tokens, and then dump/swap them, but it isn't a reason not to give them any. If the airdrop advertises that you can do a set of tasks and be rewarded in tokens for doing so, then you should be rewarded in tokens if you complete all of them as required. I've done my fair share of airdrops over the years, and so many are scams to do this type of thing just makes the whole airdrop idea even worse. Come up with another way to prevent/stop people from dumping the coins as soon as they get them - don't penalize everyone because a few people will swap the tokens right away. Just my two cents...

It's a tough decision to make especially when mainstream adoption of a project is at stake. Fierce restrictions will do more harm than good for any cryptocurrency or token's demand on the market. There needs to be a balance, in order to ensure the success of any cryptocurrency project.

While I support penalizing airdrop hunters, I don't think they should be entirely excluded from being eligible to receive some sort of compensation. Granting small rewards to airdrop hunters would be the safest bet to keep demand at its highest while preventing a massive dump of your token. Some projects are requiring KYC in order to help prevent abuse. We'll have to see whenever this will work in the long run or simply become a failed experiment. Crypto was never about the money, so airdrops are not required to make the industry thrive in the future. Just my opinion :)

Airdrop reward allocation less than 2 or 1% only and I think wrong when some one said airdrop hunter make coin dump, how ever 1% supply giving to airdrop participants as reward is nothing can make price dump or pump. All coin price depend on dev hand is they sell about 50% supply on their hand price will dump what ever did by airdrop hunter.

Dude, the airdrop rewards from the project’s tokens are not big to dump the price of the project token. If you look at the token allocation, it is a very small percentage, so we must not blame the bounty hunters, but the blame falls on the project team. If the airdrop is not beneficial to the project, why does the project team make an airdrop, Or why don't they divide the rewards in percentages every month?

The average value of an Airdrop is around $30, but the figure varies wildly, as you will see below. Many airdrops offer additional tokens if you refer a friend. Airdrops are a low-cost way of spreading the word and building a community around a project. Airdrops can be hugely profitable.

Airdrops are only profitable for a moment because not all Airdrops can be worth a lot or better, but if the path is clear that it is very easy to build a community and make news spread so quickly, but for profitable problems, it still really depends on the value too and the amount allocated.

I miss with many airdrop worth like last three year just filling form earn many coin, I miss with etherdelta as the best exchange for selling airdrop coin and got about 1 or 2 ethereum when received airdrop, but now need hard working for joining thousand airdrop and only 10% get higher reward and left many shit and less value coin for selling.

Just as what I thought, kind of absurd to think that the 1% of the coin would make a price plummet that much. The only point worth discussing here is that how abusers need to be controlled, if not stopped by any means.
I don't think that implementation of that restriction is for addressing the dumps.

After all, Airdrops have become part of an inseparable promotion. All have benefits according to the targeted sector. Regarding Airdrop hunters, not a few of them do the work and are not paid at all because of scam projects, etc. It has become a daily routine that is not strange because Airdrops are money that is earned from proper work and from a random distribution. Of course, this work became the forerunner where today we see successful projects. We were not in 2014 to 2018 where at that time Bitcoin or Ethereum payment Airdrops were still fun to rush. Whereas now the friction between altcoins is varied, so looking for a big prize is likely slim.

this must be a good move but how can you track or penalize those airdrop hunters? because of the price decline? I think if the project had a pre-sale and airdrop maybe it's not only the hunters but as well those investors causing the price to decline, they want to get back the money they invested as soon as possible before the price go down

I suspect that every newbie, embarking on the path of the crypto space, at least once, tried his hand at eidrops and faucets, trying to feel the free taste of crypto earnings. This is neither good nor bad, these are simple primary school assignments for a minimal, symbolic reward.

not defending airdrop hunters, but what you are doing they are not doing anything I don't agree as I know hunters sacrifice their social media accounts to publish their projects to be known to the public indirectly they ride advertisements on participants
for the problem of falling prices, I don't think 100% of the hunters trade by dropping prices

^ I don't know if that is profitable because until now I did not find a good airdrop that I join and got profited a large amount, all of them are just wasting our time. It is useless even though you will accept airdrop, ok let say you have received $20 from airdrop and then you want to sell it into the market because it was listed, but your problem is the ethereum gas fee which is possible you will pay large amount than your balance.

every project cannot be separated from the airdrop because it is an early promotion for a new project
Besides, sometimes the community allocation is not big, such as only a few investors, can bounty hunters kill projects?
there is no need for any punishment for the airdrops because they have helped the project themselves even though they come and go as they please

Regardless of the position of the project, when a project isn't sound and healthy with huge investors, believe me it will just die after the airdrop event. But if you can remember mid last year before we had pump, uniswap airdrop it governance tokens to users and should I say luckily, it was immediately lister on binance at $2, it dump at first but was later aggressively pump by usdt printers. This is the power of investors and venture capitalist and again, the team has to be transparent as possible.
I nce received an airdrop free value at $0.1 and was worth $30 after holding for months, so it also depends on the project airdrop

Even we think that airdrops are just a source of major scamming incidents and these hunters are blindly participating and promoting them but to have them penalized, was too much and inhuman. And it finds not a way to solve this problem as these scammers will find a way to make it possible and succeed in their plan. Might be these hunters are tools to help spread their fake projects and got paid, well, that also for the investor's responsibility to have researched before investing, unless if they are also blind about it.

That's a huge problem to consider because these hunters aren't really showing consistency with their real status in cryptocurrency. Most of them were abusing the system and not really participating seriously with such promotions. Maybe there's an other ways of keeping an eye on them like legit verifications and other possible tracing methods to spot those who were not honest with airdrops. With respect to declining price of tokens, well we can't prevent that certain aspects unless the project itself could control the trading situation once price starts to go down so bad.

I've seen projects offering airdrops worth more than $30 to its users. With huge rewards, airdrop hunters won't stop in doing their thing. I'd imagine if all airdrops required KYC or referrals, we wouldn't see abusers taking advantage of the system. Rewards should be given in small amounts at a slow and steady pace in order to avoid tokens from losing their value massively on the market. As long as developers take steps to avoid abuse from airdrop hunters, there should be nothing to worry about. Crypto's always been about utility, so airdrops are not necessary for any project to thrive. Just my thoughts ;D

Personally I rarely participate in airdrops projects, but my friends always offer to participate, they have also taken advantage of some airdrops, regarding KYC issues, I think wherever it is needed, both security issues and controllers that are easier for us to take care of, but all it really depends on each individual, if you ask me, then KYC is very much needed, even if this KYC is required, the chances of prizes being awarded at Airdrops will be even greater.

Who says it's free money? I don't think it's free money. As a bounty and airdrop hunter, I can say that we are working for him. We identify them in the market so that investors can know about them. That is our job now. Whether investors invest or not, it's not our job to know. If we watch Cake, Uni, Ens, Samo, Mola, and Woof Coin, they give us a huge amount of free money, where Samo gives us almost $300k as an airdrop. Can you imagine? But what does it matter if projects have the power to make their journey successful?
Remember, everyone is not rich or everyone has no money to invest in. There are thousands of people like me who earn money from airdrops and live their lives. This is a common misunderstanding.
I earn money from airdrops and bountys, but I didn't sell them instantly. I held them and after a certain time, I sold them and invested them in a new coin. That is how I built an investor portfolio of mine. What would you call me now? I am now an investor and airdro/bounty hunter too. Thank you. 

Well, the fact that they have received the best punishment at this point, it's the airdrop that has become more fussy about the tasks and adds quite a bit of confirmation so that the participants don't add too many accounts, most especially as you said, hunters who work hard for a few months can hardly get a worthy compensation from the airdrop, the project no longer has the one hundred percent listing rate as it used to be. There is no resentment towards them in this regard, but also gratitude due to their hard work advertising and marketing duties at times.

I think if a project promises people, then have the conscience to fulfill their promises, or at least you hint at airdrop, already entertain the hopes of the community, and then they get negative in your direction, because of unfulfilled promises, so you have what you have. You need to be responsible for your promises.

Lol..
How do they help to increase the value of the coin? most of the time the foolish airdrop hunters are the main cause of crash of the coin when it launches on exchange.
the only thing they can do for the project is to accelerate the coin listing time on a good exchange. For listing any coin on a good exchange they need to be traded regularly with a certain amount of volume, in this case, airdrop hunters can accelerate the volume by selling their coin. But, most of the time they sell at the lowest price and make a terrible condition over the market.

Airdrop hunters usually dump their coins/tokens on the market for profit. This will only cause a huge downside in price, effectively undermining the project's level of demand on the market. Of course, how negatively will this affect prices will greatly depend on the rewards given by developers themselves. If the reward is huge, then expect prices to go down the drain at a very fast pace. But if the reward is small, then there won't be much of a movement in prices at all.

I wouldn't advise developers to "penalize" airdrop hunters, as it would do more harm than good towards the adoption of the cryptocurrency project. Instead of excluding airdrop hunters from getting any rewards, developers should place flexible restrictions that would help keep their project afloat for a long time. Remember, airdrops are NOT necessary for any crypto project to succeed. They're just the "icing on the cake" to help attract the masses. As long as crypto works as intended, nothing else matters. Just my thoughts ;D

I think most airdrop hunters only focus on finding new airdrops, they won't do an in-depth analysis so when they get paid they immediately exchange it to a coin they think is safe, such as BNB or USDT, and with a very small percentage of less than 1% I'm sure airdrop hunter will not be able to make a market dump.

of the many airdrop hunters will throw away their tokens after they receive it from the project, their goal is to discard them because there is no place to exchange coins generated from the airdrop. we have no right to punish those who seek free gifts from airdrops, I think they also do the job according to what was assigned to them, be it by doing a like share on their media.

What is the purpose of punishing airdrop bounty hunters for what?
there is no need to punish them in my opinion, because most airdrop hunters only get coins for their wallet collection, most of the tokens given from airdrop prizes have no market and no place to exchange them.

do you know how much money they earn from joining airdrop? im the part of airdrop, but i quit few years ago after knowing hundred people or second account join on one project for free coin. attract people from this program is good, but there is a hole in every action.


and many of us will throw coin after receive payment from campaign. sometimes, people dont care with that coin as long as they gain the profit.

I don't see that as a real punishment, but the biggest problem is that most airdrops are not that valuable, so it's not that important to punish them, which I understand a lot of airdrops are not that valuable, in fact many airdrop hunters only keep the tokens that are given to the wallet, because there is no exchange where to sell, so why punish them, it is better for the airdrop program to be improved again, so that more people are happy to follow.

Shilling the project into different social media platforms are the things that these airdrop hunters are doing so the phrase "not doing anything in return" is kinda wrong at least for me because they are doing something in order to get free money.

This is happening for a long time already. There are some projects as well in the past that aren't paying these airdrop hunters. Well, I agree though that they are one of the reasons why the price of the token plummets as soon as it is being listed on an exchange. They, investors and the developers as well are the ones who are dumping the token just to get money.

One question that comes out is how do airdrop hunters be penalized? In what circumstances will these hunters be penalized?
We know already that these airdrop hunters are just out there for the money. Do you know somebody who is joining in airdrops but he is holding it because he has trust in the project? I don't think there is somebody who is brave enough to do that. Airdrops are just a waste of time at least for me but we have different opinions when it comes to airdrops. I tried joining into it but got nothing. Just a waste of time.

Why penalized for what reason? I think that's too harsh, and it's unacceptable airdrop hunters are not bad because they are only tried to grab an opportunity that they believe is potent, the one that should be penalized or punished is those projects team that have not paid their early supporters and bounty promoters like digital bits, Payaccept and many other because they are heartless people and they should be punished.   

Airdrops seem way more stretching their distance from being legit since some of them are just merely a show and the worse part is, they just wanted to get our details, especially our emails and other social media info. some of them will sell it to the black market so that they can send some of their malicious emails or scam offers. so it's better not to jump off the car when we see some airdrops or any other so-called paid promotions because most of them this year are fake. We need to use dummy email in order to protect ourselves from random emails and fake offers to avoid those scammers who won't take some rest once they got our personal emails.

Yes. I think what you said about airdrop hunters is very true. the party providing the prize should be more active and more serious in giving gifts to its participants and providing a place to exchange the coins they get, at least those AIRDROP participants who get these prizes can exchange their gifts to increase the finances of Airdrop participants.

There is a lot of hope that people hang on airdrops, but so far many airdrops have not given maximum results for people who follow, improvements to airdrops need to be increased, so that hunters can maximize this program, if in the future the airdrops are still like this, maybe in the future they will be very difficult To develop, many of today's airdrop programs don't run normally and well and don't even bring big profits to hunters.

Penalizing airdrop hunter is bad, since project already stated they will do an airdrop. It's better if they just didn't do the airdrop in the first place! The behavior of canceling or penalizing airdrop hunter is just a sign that the project is a joke, they are confused, doesn't have any plan, etc.

Anyway, rather off-topic, I prefer bounty (work) than airdrop (free money).

Agree, I think airdrop hunters when they receive coins they sell immediately it doesn't really affect the market. After all, what percentage is allocated to the airdrop?
What is more dangerous for the market is FUD, when people succeed in making FUD, that's when the market for a coin/token is threatened with falling.

First of all they got paid for the promotion and support they give to the project and I don't think penalizing them is good in return, second thing is that the bounty reward was just a small percentage of the total supply and does not affect that fully even all the bounty hunters sell their token not unless the project is weak and get easily destroyed buy small crash due to the bounty hunters.

ya.ya.yo!

Airdrop hunters has nothing to do with the price because if we do really tend to look at on how much coins been allocated for bounties then it is really just small.It is just the community or the demand
would really fluctuates whenever a project does have those bad shady moves because the community wouldnt really be blind or could trust up a project if ever they do have that kind of behavior.
One of the risks when you do deal up with bounties is that you could neither be paid or get scammed or been hold on to those token pays of a certain project.
Deal with the risks and you cant do anything about those price movements.

Not all of them are like that, mate, today you can check your own Ethereum wallet to get an Airdrop from https://www.gasdao.org/ if you have made transactions on an Ethereum wallet so far and the coin has also been listed on Uniswap, so you can very good too mate.

Many are of the opinion that money does not smell, but often there are projects that ask for advertising with a very dubious development team and a roadmap. I try to adhere to the position that you should not strive for something that can then ruin your reputation, if you understand that. Another question is often you can not see the red flags of the project or do not want to see them.

It Is the best way to promote your project and create a hype in the community and with such great hype of the project their is high possibility that centralized exchange look at their project to list their token but on the other hand you can't give to much for the Airdrop let's say an example everyone get huge amount of Airdrop like 500$-1000$ most of the member doesn't have patience they will instant sell it these make coin value came down but no doubt on the other side many project had give us humangous profit like Sfund if you joined you can easily recall on that cases participants are less than 5000 that's is the big reason everyone get such huge amount

I have missed many Airdrop programs and will not join them, because in my opinion they don't seem serious when the distribution of prizes is given to participants, the coins are obtained but there is no exchange. because this way I assume that they are not serious in handling it

...but creating hype would mean that there would be still an end of an hype :/
What if people just lose interest in whatever shitproject that is? I never heard of people earning that amount from airdrop even though that was just an example you mentioned. Mostly those airdrops are just shitcoins waiting to be dumped anyway in the end.
Not sure if the project you just mentioned was an unintentional shilling or the opposite.

I used to be an avid airdrop hunter. Then I came to the sudden realization that its a colossal waste of time. Much of the airdrops, if they are ever paid out, aren't even worth the gas fee for its swap. As in worth cents, not even a dollar. So actually I feel airdrop hunters are doing the projects favors by indulging them

Believe me, there are many airdrops not worth your time. As you've said before, one will have to deal with the high gas fees in order to reap the rewards on the blockchain. Airdrop hunters wouldn't care much less as long as they get free money in return. The average person, on the other hand, won't participate in the airdrop simply because it's not economically feasible to do so.

I'm against penalizing airdrop hunters as it would do more harm than good towards for the project's mainstream adoption. Instead of excluding them completely, developers can introduce flexible restrictions that will not scare them away. Parachain Swap did a wrong move which resulted in many people exiting the platform. They would've issued small rewards to most ETH users, in order to prevent this from happening. Imagine what would happen if other projects copied Parachain's model. Then the market wouldn't be as vivid as it is today. Crypto was never about free money, so I'd say airdrops are not necessary for any project to thrive in the long term. Just my thoughts ;D

Yeah right, I also often join a lot of airdrops, but it is very rare that can produce a big profit, no one seriously manages airdrop at this time, so that after the program ends we are only able to keep gifts from them in the face, even if there are only 10 of 100 airdrop Successful, this is why I am no longer interested in joining the program, especially with the lack of exchange after we get a gift from them, then for what is a waste of time in this program.

Of the Airdrops I participated in, only 5 projects had good prices, Sfund, shibalana, Hodl Finance, Xzilla and XTT.
There are a lot of tokens in my wallet, but they don't have a price, from there I started to learn to choose good projects with a fairly large Airdrop reward, but it was difficult to find them, that's why I focused on playing the Axie game to get passive income and make trades.

What is the basis of the punishment that will be given to airdrop hunters?
Do airdrop hunters harm or have an effect on token prices?
At least that's what I had in mind when I read this thread. Because I did not find the specific fault of the airdrop hunter so that it can be punished.

The basis for punishing airdrop hunters is to prevent coins and/or tokens from going all the way down the drain in an instant. After all, they only join projects with the hopes of "milking" as much rewards as possible from the system. The bigger the reward, the faster the coin will drop in price. By penalizing airdrop hunters, developers can ensure their coin won't experience a negative effect in price at a fast pace. I wouldn't exclude airdrop hunters completely from participating in an airdrop, but I would implement certain restrictions in order to prevent abuse. As long as everything is done in a balanced manner, nothing else matters. Crypto was never about airdrops, so there's that. Just my thoughts ;D

But I don't believe the ad will work, airdrops don't have a definite future at this time, many airdrop projects don't have a market at the time of token distribution, then what kind of promotion they expect, meaning they don't want the achievement to develop properly. Even if some of them exist, then there is very little chance for the tokens to be expensive, which I know is like that, because I used to often participate in airdrop projects.

Well, from my own subjective perspective, I believe that a targeted penalization to weed out any bad actors will benefit the entire airdrop campaign and it will set a new standard for airdroppers. This may raise the value of the airdrops, as the demand for quality goes up and is strictly controlled. Having said that, penalizing randomly will probably do the opposite and discourage airdroppers.  ::)

I do not see a need to penalize them, firstly the Airdrops are no longer profitable, for me the sense of the money to earn it goes in another direction, the Airdrops were the maximum for the year 2017, and for 2022 this is not the same, penalize some Bounty hunting for doing it does not make sense, for me the money is going through the business of nft games, pre-sales and public sales, but this is already entering with money, it is not making money from scratch, I think things are They are leading in that sense undoubtedly, now in 2022 with the metaverses it is expected to be of another level.

It's still work right. You have to spent some time to get the airdrop. And you only get something really small. I think it's a brilliant way to growth the community.

I've spent a lot of time on airdrops before, but none of them made a big profit for me, until finally I decided not to be too active in the airdrop program, I want to see which airdrops have a good future, maybe you can provide that information to us, but to grow a large community this might work in the future.

What we have to understand is that airdrops or bounties are usually no more than 3% of the total supply, of course if all the coins or tokens obtained by the hunter are sold then the price impact is very small so I'm sure the airdrop hunter can't cause a dump.

Most airdrops are unprofitable, but there are some which give huge rewards to their users. Uniswap and ENS have been one of the most rewarding airdrops in the crypto/Blockchain space. With rewards of more than $1k, you can expect airdrop hunters to abuse the system for their own benefit. That's why it's important to introduce some restrictions in order to help prevent your cryptocurrency or token from going all the way down the drain. Giving out small rewards will minimize the coin's downward pressure in price. I've seen some airdrops requiring KYC to participate in them, so there's that. Crypto was never about free money anyways, so I wouldn't count solely on airdrops for the whole space to thrive in the long run. Just my opinion :)

That's why I'm no longer interested in airdrops, most of the campaign allocations are quite low, not to mention that at the time of distributing tokens we were overwhelmed in selling them, I think the airdrop program should be improved again, if you want this program to grow in the future, otherwise the bounty program will is growing, while airdrops are decreasing for connoisseurs, because really what hunters are looking for is only the maximum profit from the work they do.

It is an exaggeration to say to that bounty hunters are the reason behind the drop in price of a asset earned. But it is easy to shift the blame from the project owners to the group promoting them. If a certain product does not sell well, you dont blame the guys paid for marketing for all the loss do you? However there is no legal implication of this and therefore the scam projects run rampant and failed products project their disdain on bounty hunters.

Airdrop hunter's earning in terms of USD value ends up being similar to what the bounty hunter would get. Both end up getting useless tokens that have no volume to sell on in the market and airdrops are more commonly going to be failures anyway.

actually airdrops do not really disturb the ecosystem of a coin. the problem here is that sometimes airdrop hunters cheat, they try to take as much profit as possible from airdrops. this is what gets a project into trouble, when it comes to dealing with such people.

is it worth punishing them? yeah it's really worth it. but the question is how?, finding the perpetrators of fraud is very difficult without a report. punish all airdops participants? it's not a solution, worse it will cause new problems like you said. the level of trust decreases and consequently the token price will fall.

That's right, the most forgiving way to attract people into crypto is with the airdrop program, there are not many tasks and rules to do to get the prize, but many airdrops now fail to run it, so people's trust is getting less and less to follow, or many airdrops give prizes do not match the rules given, not to mention talking about slow distribution and not being accommodated perfectly, many airdrops distributing prizes when tokens are priceless, this is a problem that makes people even more disinterested.

For me, it depends, If after the announcement or made known to the public that there might be some form of airdrop within a certain crypto project and you see a surge into the space then those types of hunters are most likely to dump almost Immediately after they receive it and I too was amongst those people when it comes to Paraswap and never got any airdrop but I understand.
On the other hand, if they really wanted to reward their loyal users that have been using their application for a long time even without expecting any form of reward, then I think those should be at the top of the list and people should understand this except the project just wants to attract a new audience with this airdrops then I believe some have done it that way then it will be for all.

Undoubtedly, cheaters must be penalized in order to prevent crypto prices from going down the drain at a fast pace. Instead of excluding airdrop hunters from participating, developers should introduce certain restrictions and/or challenges that will help prevent abuse. As long as everything's done correctly, the airdrop will become successful. I see this as a great way to help attract investors into new cryptocurrency projects. With "free rewards", it's easy enough to make your project reach mainstream adoption at a fast pace.

Ultimately, crypto is all about utility (not free money). As long as it's useful, crypto will be able to fulfil its purpose of bringing "banking to the unbanked". Just my thoughts ;D

Yes, that's right, even airdrop hunters also provide positive feedback for ongoing coins/tokens. In fact, I used to know and started investing in altcoins from some of my friends who happened to be airdrop hunters. So there's no reason why you should punish airdrop hunters, because it's mutually beneficial.

Same with bounty hunters. Bounty hunters are not only in for free money but they also use their own money to partake in projects that they think promising enough. Totally agree on the checking part because when I tried scanning the wallet of the known airdrop and bounty hunters, I can see that their wallets have a huge balances and some of the coins they hold are top coins.

I was surprise that they are richer than me but that is because they can take bigger risk and do hardworks. we should not discriminate these kind of people or penalized them if they are doing a fair game but only penalized those that caught cheating on the act.

That's true airdrops are created to increase awareness of the project, if the project is good airdrop participants will buy more of the token, who would not want to invest in a coin with good potential and let the opportunity pass, so developers should also treat airdrop participants as supporters and potential investors and developers should not worry about dumps because if his project has potential investors will support the project.

Paraswap took strict approach, they even left out legitimate users who traded there when there was no such thing as retrospective airdrop. If you are gonna have concentrated drop to several thousands users, of course there is gonna be dump.

What could be the reason why didn't get their reward? As far as I know airdropping is not free, there are set of things that the user needs to do first before being able to receive a reward including following social medias, likes, tweets, etc. If the users didn't violate any of it or any rules including one airdrop per accounts I don't think they should reward the users but it is different if they are cheating which includes using multiple accounts to participate in airdrop or any other kind of tricks to take advantage to the airdrop. I'm sure there's no problem on paying them as long as they can give proofs that the users were connected or violates any of their rules.

Could neither both ways and i could also tell that bounty hunters are not totally beggars and some of them does have the finances to make out investment.Just like me in the past
on which i do get involved with bounty hunting and it do includes airdrops and i dont just tend to recieve the coins that ive been engaging but also make out some research if it
is really that worth to engage or not because success rate on airdrops is really just too slim and only the best projects could really be having the chance on rising its value
in near future even though its not an assurance but at least you had done your part.

It's of a truth that no projects would rather risk any funds by airdropping to people's wallet without a task attached to it by so doing, all airdrop participants are entitled to receive their rewards no matter how little it is but if I may further contribute based on your explanation here.. I would say to avoid dump by hunters then the airdrop could be paid in batches or by percentage of to allocation of the airdrop token to all participants this will enable them have control over their allocation to airdrop tokens and to safe guide the market from being dumped.

I wouldn't even call them airdrops, these paraswap and other similar airdrops were simply based on your activity on platform in past, so called - restrospective airdrops.

Airdrop hunters would try to game this by creating multiple accounts and transacting small amounts.

I totally agree with you... but basically airdrops have small tasks and promise to pay a few cents, which makes many people join it with multiple accounts under one control
and the project locks some tokens and can be unlocked incrementally to avoid throwing away pizza without tasting it

So you're saying that airdrop payments are low, that is why it is being abused? Locking the tokens will also prevent the investors from selling it, not just the airdrop hunters. That was too unethical.

@Adbitco now I know why some airdrops that I joined are paid in batches, I thought it's only their strategy to avoid paying high fees but we can't be sure that airdrop hunters will dump their coins and what if they hodl them after receiving? And all of them are waiting for the price of the coin to pump before all of them sell? the price of the coin can still dump after it. They cannot escape it. Why cant every project accept that dumping is part of the process on how this market works.