Bitcoin Forum

With regards to the distribution  of ALT token claim which began yesterday at 12:00PM with 300 million tokens distributed for the first batch of the Airdrop event valued at approximately $96m at the price of $0.32 per token, there has been excitement as to whether Airdrop season is back as Multi-layer roll-up distributor  Dymension is also planning to launch its mainnet in coming days with 70 million DYM token allocated  for the Airdrop event.

What captivated my interest was the drastic surge in the mcap of ALT after launch. With market cap currently around $365M and FDV of over $3B. It's important to note that only 3% of ALT total supply of 10B token was airdropped with top addresses claiming 1.29M and 1.19M tokens worth $420k and $388k respectively at the price of $0.32.

With the current positive price action, this proves that investors are Keen about the project hence the continuous surge in price since listing. Several top Cex have already  listed the token on their platform leaving me with the question if ALT is worth investing in?

And the question is where we could sell them or what exchange/s it was listed?
I do believe that airdrops were valuable before but not today. Some show good prices in exchanges but nobody is buying it and that is still useless. I could say this because I have that experience already and holders want to sell but it can't as nobody is buying. It is a manipulated price indeed just to grab attention from the community thinking that we could make some profit on it.

Airdrops are not worth investing in. They are just free coins that have no real value, it was just serve as a token of appreciation for joining them but never benefit from it.

I can not long be deceived by the hype of this tokens, every description here about the ALT token is absolutely a good for nothing hype most of have hard bad experience from airdrops of this nature. its most likely a scam project with so much hype just to get attention abd after some good fixed price in the beginning, when investors buy it keeps depreciating in price till it falls to a 90% and never increase leaving all investors shattered with worthless tokens or should i say a number put together backed by some little but nonsense price.

If you think airdrop is back you can keep up with them, if only your aren't shilling for the project team but one thing I know for sure is in the crypto space ones a trend is over that particular strategy is over. Investor are always in search of new trends not the old ones so airdrops are past you should be looking at the new trends to catch some few dollars from it.

What is good about airdrops is that they are free so you would not exactly be losing money if you acquire some tokens from airdrops but it does not get listed or it does not get any real value in the future but still some airdrops do get value later on so you just have to keep holding and wait for the right time to sell

If this question was directly asked to OP and his info about ALT Token, this is a token issued by AltLayer, fairly new project thats why they are doing airdrop, but it's already listed in several exchanges, here is the Info. https://coinmarketcap.com/currencies/altlayer/#Markets.



But I do agree about this to some extend. For people who have a real job and valued their time, spending time on their job or improving their skill related to their job is definitely more time worthy rather than trying to find a good airdrop, but for people who has much spare time airdrop is still worth their time since their time has no value at all. Especially in the bullish time like this, there will be more airdrop that actually can be turned into some real money.

He is talking about $ALT token which is native token of Altlayer that recently airdrop to all user eligible to claim. It’s already listed on huge exchange such as Binance and Huobi. You can more info about this token on this https://coinmarketcap.com/currencies/altlayer/#Markets.

This is another big airdrop next to Celestia that provides solid profit to eligible receiver. There’s a lot of network that still not distributing their airdrop but it’s safe to assume that airdrop with valuable reward is indeed already started.

So, which thing are you focusing on, either this or this problem? With airdrops, it appears with great intensity when projects also have plans to launch to access the speculated price increase cycles. And at the present time, we are also continuously witnessing many generous projects launching airdrops to the community.

Regarding ALT, I see it also has the potential to increase in price but maybe I have to be a little patient, or I can buy it cheap, or I will turn to another option because it is not the only opportunity.

No one surely know if it's worth investing when they've just given the airdrop and there were folks that have been profitable with it. This is always the case that we see for most of these airdrops and new projects. They're seem to be optimistic with their approach to the market with their early days but it's unknown if it's going to end there or there will be a welcoming throughout the period of time. But what's important for this topic is about those folks that have made a lot from this airdrop.

Altlayer has been listed on Binance. It's the last project that launched on their launch pool.

Airdrops are not worth investing in? Free coins that have no real value? Look at Arbitrum, SUI, Aptos, Blur, Celestia, Jito, Pyth Network. Look where they at right now. Oh, I forgot Uniswap which is currently at the top right now, and where did it start? It started as an airdrop as well. Not worth investing in, eh? No real value? Arbitrum, SUI, and Celestia are now a billion-dollar project already. They're worthless then? I got Celestia tokens for free, and look what they are worth right now. I just held 2 tokens and I got a free token that can be a game-changer in the crypto space.

Don't generalize all airdrops as worthless, and not worth investing in. Yes most of them might end up worthless, but not all of them are worthless. Just look at the projects I mentioned, and tell them again that they're not worth investing in. :P Yes, I was also pessimistic about airdrops in the past, but when I started to join, I realized that it wasn't that bad. After all, the only thing that you will do is to participate on their testnet (which is sometimes free) and hold some coins (like in my case I'm holding ATOM).

According to my experience is that Airdrop session are ongoing and those days many interesting Airdrop are coming so my believe is that join free Airdrop and if anyone have fund so join investment Airdrop like staking etc definitely they give a good profit in future.

You will keep asking your question until you are taken unaware of the market movement.
So many things are happening this recent time and many projects I knew are just launching with huge momentum that could have given me a good profits. The funny part was that I participated in the airdop but it was too late before I noticed that the airdop I did was the fake one. Scammers was able to clone the site and use close relative name to create there own site decieving people to join the airdrop and buy the presale not knowing it was fake.

In truth, the airdrop season never ended. The year 2023 was more than fertile for easy money. And this year not be far behind, because it will feature airdrops from L0, ZKsynk, Starknet and other projects. Of course, the criteria for drops and the focus itself may change, but as long as developers need “high numbers” for their products, drops will continue.

I just want to respond to some of those who are saying it doesn't worth investing, etc. First of all we are just staking BNB or FUSDT and we are not really paying anything to be a part of this airdrop. But people need to understand that they stake good amount of BNB or FUSDT in order to receive tradeable amount of tokens in airdrop, else it would be sitting idle in your exchange or to be converted as dust tokens. I have participated in this airdrop and I didn't lose anything but rather gained some additional tokens, I would suggest everyone to participate in airdrop if you have a good amount else it wouldn't be beneficial.

Yes airdrop season ongoing and many people will miss out because they believe airdrops are waste of time. The list of airdrops I have qualified for keeps growing and many people are still in doubt.
The beautiful thing about crypto is that there are opportunities in everywhere you look, all you need to do is search deep to find them.
Lots of people who qualified for the Altitude campaign didn't spend a dim to complete the task, all thy did was complete simple testnet task on galxe.

There is a lot of hype going on about airdrops, and currently it has become a trend for projects to drop rumors about airdrops so that airdrop farmers can speculate about a potential airdrop by using the protocol. This actually helps the project in two ways. They got free marketing from the users, which attracts a lot of users, and their protocol has been tested by thousands of users. This saves money and time for the project and, at the same time, gives the best result. This is a good and the most decentralized approach for a project and that is the reason its still widely popular in the industry.

Nah, I don't think that airdrop season has begun, or at least airdrops are going to be worth in the future. Airdrop hype is over for many years now, specially it has been used as a instruments to scam investors as well.

Anyone still remember that "you have to deposit first before you can claim your airdrop" scam?

How about "give me your mnemonic phrase and then we will airdrop you some"?

As much as I want to think that airdrops are still worth it, but this is 2024 already, the hype is no longer here and most of the airdrops as worthless to say the least.

I respectfully disagree, When you have access to legitimate information about airdrops, you realize they can provide huge opportunities. In the last year, airdrops like TIA and JTO made people serious money because they engaged with the projects early on. Similarly, $Alt was airdroped to users and yet is still one of the top gaining crypto on exchanges like Binance and Bitget. This demonstrates the strong fundamentals and community support behind Alt. While airdrops aren't guaranteed, interacting with promising projects like Altlayer in their early stages can be very lucrative.

Earning money from airdrop is not easy Many people may think that earning money from airdrop campaign is very easy. In my opinion earning money from airdrop campaigns is a lot of patience and luck if anyone can't airdrop then you have to constantly work on airdrop campaigns to earn. There have been several airdrop campaigns where people have made a lot of money. But anyone who wants can join good airdrop campaign if they have time.

ALT token we saw listed on some good Cex exchanges yesterday. $0.006 listing to $0.355 resulting in a 5600+% price increase. But I don't know what will happen in future but if you can invest at your own risk then you can invest.

Airdrops are mostly speculative engagement, which can be a waste of time and even be a big gain. Another project that recently announced their airdrop said that they had already taken the snapshot back in August 2023. That means all this time people were engaging with that protocol just wasted their time. So it will be up to the user and their strategy to farm this airdrop. Personally, I think if anyone has enough time they should focus on task-based airdrops like people are doing with linea and few other projects. If they don't have time but have money then try to participate in a project like eigenlayer where you just need to lock your ETH.

Airdrops are always there and never stop and even hundreds of projects continue to emerge and enliven the crypto market. I have a lot of telegram groups that share airdrops and it's a lot. Whether it's airdrop season or not depends on how the crypto market is. the crypto market is improving, the airdrop will provide quite good rewards. There are only a few airdrops that provide big and even unexpected rewards. The airdrop is free and you only need to complete the tasks given. Sometimes the airdrop lasts long enough to make some people feel bored and not doing their job, even though it provides quite a big prize. maybe just a 100:1 airdrop will provide unexpected rewards.

you shouldn't underestimate the state of airdrops nowaday there are tons and tons of airdrops that has caused people to be rich, there are manta airdrop that gives people so much money, followed with altlayer.
any person that are eligible at least earned $2k from both of these airdrops, before that there was XAI and so on the airdrops right now are just as massive as it was back then, why? because it is being supported heavily by venture capital that willing to shell out millions of dollars for these projects.
with this altlayer alone someone already made $340k just collecting 11 og NFT which was distributed for free back in the days.
just in few days, there will also be some airdrop about JUP token some people are gonna be making massive money out of it, some will definitely receive few grand at least.

   The question is, op, when did airdrops disappear from the crypto space? Have those who conduct this stopped on this forum or any social media platforms? Doesn't it still continue to this day in the field of crypto space?

   Airdrops are even now becoming a dangerous place for most people who don't know anything about this industry field, because it's even becoming a gateway for scammers, phishing, and hacking, right? I rarely see legit airdrops, but there are tons of what appear to be airdrop programs in the crypto space, especially on Facebook. So extra caution is needed for people like this in this era?

Airdrop sessions are always there because genuine projects have a set amount of distribution for airdrops based on the roadmap for launching airdrops. Participating in airdrop projects using a special method is definitely more likely to be profitable. Participating in airdrop activities like Staking, Testnet, Ambassador, Bugs, etc. definitely gives more profit.

Once there are positive movement on crypto, new projects are more likely to issue their tokens. Some projects even wait for such positive sentiment to go with their private sale.
And as people are more willing to buy crypto, a lot of meme coin developers, pump and dump organizers and outright scammers are active on the prospects of making money.
So it results in a boost in number of airdrops being hosted through different means. Airdrop can be a cheaper mean to advertise as the project doesn't have to spend money from their pocket in most cases. The types of airdrops have also varied, currently most project are airdropping for engagement or staking the coins on it's platform than just giving some coins to random addresses.

It doesn't matter if a project is genuine or not. They use airdrop as an opportunity to build their community and increase the community engagement. Every project comes up with airdrop to initially build a community. I don't think participating in airdrop is profitable anymore as the value of token will always be less than $5. Those airdrops that requires a qualification to be eligible are the ones that are profitable as the number of tokens depends on the activities done by individual user.

of course, alt is a good project, because there are so many exchanges and partners in the project, they even gave the first airdrop worth 96 million$, if you want to buy now it's not a bad time, because btc hasn't risen significantly yet.

I think because market conditions have improved there are so many projects being released this month, because they see the market is quite friendly, and also actually there are so many projects that have been under development from several years ago and this year they decided to list, so I think that's the cause There are several large projects listing this year.

not completely free bro, I guess you don't know retro airdrop?
it costs money to do so, and also the prizes offered are definitely bigger.
not all airdrops are free as you think, and the duration is very long, I remember that Altlayer first held a campaign in July 2022, almost 2 years people waited for the launch yesterday

Its value is that it makes a lot of money, its value is that it is running in the market today, because sometimes we see that it has stacking options. There are those in which we invest our money or use their mainnet in return they give us a reward but in some moments we do not use even a single dollar, it is only for test net uses or we complete any task, then in return they give us a reward, but sometimes the reward is small.

I never knew there is a season for airdrops because I know some airdrop platforms where airdrops are posted daily without stop. That make me wonder what then is airdrop season and how to recognize when the season finally arrives.

Airdrops may seem free but they are not completely free because you spend time, electricity and internet subscription to join it. Well we can say that they are technically free because without the airdrop, we would always have those things to be used for other things. You will also remember that some airdrops are not what they say they are - some are created to harvest personal data or get you to subscribe to their social media.

Airdrop coins have been widespread and encourage people to join them but guess, despite the huge rewards they are saying, only a few (less experienced) take the bait while the majority are ignoring them because these airdrops are no longer valuable this time unlike in the past years.

They are free, yes, but the problem is the fees when moving them to other wallets, even swapping costs a lot. Honestly, participating in airdrops is just a waste of time. Just to imagine if airdrops are worthy, people get crazy joining them but they're not which is why only a few have the guts to spend their time and earn nothing.

I suspect yes, because in January there are so many projects listing and sharing their airdrops with the community, it would be best if we had the chance to participate in new projects that have potential and will give prizes to their users.

I don't think it ever ended, all throughout the year, a lot of projects (scam or legitimate) have been doing airdrops and so far, I don't think that there's ever going to be an end of these activity because there's a lot of people that's participating in them. Maybe what we should be looking out for is the profit season for airdrops because that's one that isn't a forever thing and that it's even uncertain that it will come every year. I feel like I haven't ever seen my X account ever losing notifications about a recent airdrop.

Considering that market conditions are still in good condition and I think they will continue to rise until the end of the year, several projects have decided to list their projects.
that's why there were so many airdrops being shared this january.

airdrop season has just started, congratulations to those who have earned ALT coins,
I don't think airdrop coins are 100% worth investing in unless there are several criteria put into the coin.
but most airdrop coins don't last long , just follow the hype

we can't say it's the season for airdrop campaigns. some do get attention from the community and develop very well. Apart from ALT, Manta is also trending on Coinmarketcap. Several airdrops from the Solana network were also discussed on social media. and many people are talking about it.
but still if you can't talk about airdrop season. More failures than successes make airdrop hunters profitable. those who give more are of course trending everywhere. and those that fail will of course be forgotten.

Yes that's right, many have gotten hundreds of millions in my currency version, quality airdrops although not short but not disappointing results, for nft holders and 5 other categories according to the allocation of each mission and task. devs like this know how to treat hunters and participants properly because between the two of them have an important role and get commensurate benefits. I sometimes work on airdrops like I forgot about it and save important data for access.
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I usually separate wallets between testnet and mainnet transactions, although between the two wallets I still make it a habit to revoke after the transaction. Indeed, no one can fix wallets that are affected by drains and potential scammers but we can do our best to break the connection between wallets and airdrop websites. I am sure that there are more airdrop profits than being exposed to these attacks or scams. Use a new wallet if in doubt about an airdrop. There are many types of wallets and you can add more as needed. So far I am safe using 1 tesnet wallet for airdrop.

It's true that airdrops are not worth investing in, right, but I myself like and enjoy running airdrops, for what reason, because airdrops are free coins, but if we are lucky and get lots of coins, it's definitely quite good, it's already free if luck is on our side, of course we no loss.

Absolutely, the recent distribution of ALT tokens has raised intriguing questions about the start of Airdrop season. The initial 3% airdrop of 300 million tokens, valued at $96 million, has undoubtedly stirred excitement in the community. What's particularly interesting is the subsequent surge in ALT's market cap to $365 million and an FDV exceeding $3 billion.

Examining the distribution further, top addresses claimed significant amounts during the airdrop, with holdings worth $420k and $388k at the price of $0.32. This, combined with the positive price action since listing, suggests a keen interest from investors.

However, while some might see this as the beginning of Airdrop season, it's crucial to approach this with a nuanced perspective. The surge in price might be attributed to factors beyond just the airdrop, such as market sentiment, project fundamentals, and broader industry trends. It's always wise to conduct a deep analysis of the project, its team, and the overall market conditions.

As for the question of whether ALT is worth investing in, opinions may vary. The recent listing on several top exchanges is a positive sign, but it's advisable to proceed with caution and conduct thorough due diligence. What might be promising today could change tomorrow.

I disagree with your view that airdrops are not worth investing in at the moment. A few days ago, TIA stakers were rewarded with Dimension airdrops (DYM), and the last time I checked, DYM was trading around $6 on platforms like Bitget market. It listed around $4, so those that got in early are already profiting as I type this, imo you just have to know the right airdrop to invest in..

Truly I agreed that because the positive future outlook of crypto market that prompt the massive spring out of airdrops I wouldn't be surprise that we would continue to see new airdrops through out this year on my twitter handle there are so many airdrop promotions ranging from different Blockchain the question now is which of these airdrops would be profitable in the long run? It's a question that has no answer, however an airdrop hunter who has enough time can continue to participate in many of the airdrops possibly one of them would be very successful in no distant future especially in the wake of upcoming halving of Bitcoin.

Im not sure but if their project has a very good use case maybe. Theres plenty of circulating supply that comes from airdrop and probably some dumped their tokens in exchange of profits already.

But thats not only token that is good. But there are other with potential too a lot of airdrop being dropped and people ate throwing funds for that.

From year to year, most of the newly launched projects holding Airdrop promotions only last for a short time, but there are also those that can provide benefits, both to the participants and to all parties involved, but it all depends on the right situation.  As we know, six years ago, many new projects were launched, held Airdrop promotions and were able to provide profits.  This is due to the positive market situation, there is a possibility of it happening again this year if the situation and momentum are right

Have stopped participating in airdrops long time ago cause most of them are not worth it .Gone are the days where one can easily make thousands of dollars from just a single airdrop . Participating in testnet and mainnets is much more profitable recently. Don't know if Airdrops will ever make a strong comeback and be worth it again.

It seems like that, I personally don't participate in any airdrops, but many friends in the community in my country get a lot of money from airdrops, the latest information is that they got $1000++ from working on dym token tasks, dymension, or whatever it's called. Some people can get $50k from this airdop. I don't know what the task is, but they said it was a retro airdrop.

I don't know what this project is, but if you've done research and you think it's good, then do it, invest in it.

If you look at their income, it's not big enough, I know that taking part in the airdrop won't make them rich, right? Especially last year, it was difficult to find good new projects. So there is no need for heated debates, I am not forbidding them from taking part in airdrops which are just a waste of time, please just continue with your own confidence to look for additional income

I don't really follow airdrops and even this selected coin is so new to me. However, I don't deny seeing many airdrop hunters getting the results of their efforts paid for months because there are 1 or 2 projects that are really worth it. But it won't be as smooth or as frequent. because it could be that they have done hundreds or even thousands of drops and only a certain project is really worth it.

If it's related to ALT and how to invest in it, it's important to note that a new altcoin that has emerged and is being hyped due to airdrops and other things is a type of altcoin that is high risk. If we can buy it at pre-sale or early on, maybe we can get the jackpot in the future when we experience skyrocketing. But on the other hand, when we want to buy or even invest for the long term after the token is hyped, this risk will be much greater. I personally won't take it.

There’s a lot of good airdrops already and if you’re lucky enough to qualified, I think it can compensate the resources you’ve loss on participating on a scam project, you just have to be very patience with airdrop because not all will result into a positive one. Airdrop is rising again when it comes to participants and the projects, I think when the peak begin, many projects will also consider to do airdrop so they can hype the project and its part of the crypto cycle.

This thread to me looks like another advert to ALT token, are you being paid for that?
Not bad since the project looks good and real as you are expressing, the market cap will keep moving if the project have good investors.

To invest in any altcoin, you need to study the project and do your own research about the project. Do not follow trend just because they paid some participants to participate in airdrop, if you wants to invest in the ALT project, you need to study the project white paper, know their plans and partners, know their roadmap and make sure the team behind the project is strong enough are reliable.

Correct. Airdrop will always be there, I also join many airdrop groups and every day they share airdrop projects, some are not successful, some are successful and even get big rewards. And it is true that airdrops that have great potential usually take a long time, making many people frustrated waiting for them. So joining airdrop to get free coins is not a problem, but for me there is no point in investing in airdrop coins. Because many airdrops are good at the start but many don't last long.