Bitcoin Forum

Hey crypto fam, ever feel like the market's flatlining? I mean, let's be real - we're in a sea of red, and even the airdrops that used to get us hyped are turning into major letdowns. Remember the days when we'd refresh our wallets every five seconds during an airdrop? Now it's just... meh. The whole scene's about as exciting as watching paint dry, am I right?

But hold up, what's this I'm hearing? Caught wind of some chatter about an event that's supposedly giving away over $50,000 in tokens. In this market? You gotta be kidding me. I mean, who's out here throwing around that kind of cash when even the crypto whales are scraping for scraps?

Now, I'm not saying I'm not intrigued. $50,000 is no joke - that's "quit crypto and open a taco stand on the beach" kind of money, especially in these bearish times. But here's what I'm wondering: Is this legit? Have any of you out there actually participated in something like this and come out a winner? Because let me tell you, if I managed to snag even a fraction of that $50k, I'd be doing a happy dance all the way to the bank.

So what's the deal, crypto crew? Are we looking at the real deal or just another overblown promise? Have you ever struck gold in one of these events, or is it all just hype? Cause if this is for real, your boy might just have to dust off his lucky trading socks and give it a shot. After all, in this market, a little hope goes a long way - even if it ends up being false hope, right?

Lol $50,000 is nothing if you were around in the era of ICO. Airdrops were so rewarding, even the ones that were of meaningless tokens. I remember getting an airdrop of some random token and even forgot about selling off the coins, the token value would then go up to around $4k.

So yes, just like we saw faucets die out, airdrops will also become completely meaningless and a waste of time in the near future. In fact, most of them are already useless.

I think you should be more specific about this event OP..probably a link or something. I'm sure most people would be interested in the airdrop. $50k is catchy though..

Airdrops used to be ways to reward a community for using a product until people found a way to game the system via sybilling even going as far as industrial sybilling farms with 100K to 3M wallets farms. That's how far people have game the system. You see protocols like Zksync and Layerzero, they don't have anywhere close to a 500K active users that use the network. I'd say the real number is even below 100k. So how then are they getting up to 6M active wallets? Sybil farms. That and also the fact that teams are becoming very greedy with how rewards are being allocated. After 3 years down the line, Layerzero choose to only allocate 5% of the total supply for their drop when projects like EtherFi, Ethena and even EigenLayer gave more than those sizes for their season 1 drops alone. The meta is coming to an end and it is dieing fast. It's time to pivot. Fingers crossed for what comes next.

I sure hope so.  We need money to start pouring into good projects.  These projects with free airdrops are just clogging the system.  It spreads the money out too thin.  Same thing with memecoins and ICOs, it's just redirecting good money into bad projects.  Once we get rid of all the crud these good useful projects will finally see a surge in price.

I think pretty much people that got max allocation from ZKsync airdrop racking $30k easily if they sold at around $0,3 price point for each $ZK, these airdrops exists and its real, just recently the recent airdrop of layerzero also give quite the rewards, also remember arbitrum. but you need to watch out for scams, remember, there are literally thousands of scammers out there trying to impersonate some legit project to drain your wallet so i hope you know how to avoid scams.

Here's the thing about the airdrop, these new airdrops are unlike back then when we just need to submit address, these airdrops requires prerequisites to be filled first. Usually these airdrop require you to actively contribute to their blockchain such as interacting with the blockchain, the qualification usually kept secret and then at their TGE (Token Generation Event) these airdrops will disclose their criteria or qualification for the wallet and will do airdrops shortly. The zksync airdrop prioritizes activity and asset contributed to the blockchain to improve TVL, the recent layerzero priorities gas spent to the protocol. so there's something you need to sacrifice in order to be eligible, its not all rainbow though, so many people also spending money to do retroactive airdrop interacting with the blockchain and got none, if you're curious just read news about ZKsync TGE event and LayerZero TGE on the crypto news outlet.

this one is example : https://www.coindesk.com/tech/2024/06/17/zksync-airdrop-of-zk-token-puts-initial-market-cap-near-900m/

Who underestimates airdrops now? Most of them still continue to hunt for airdrops in their own way even though it costs a lot of money including myself where I have spent $1000+ to interact on their blockchain but the results are worth it.

Arbitrum, Aptos, zksync and Layerzero as an example where they provide eligibility to the community because they have qualified as airdrop recipients and some even get more than $50K, I think they have a lot of capital to do this activity, so now there is no easy airdrop, everyone has to contribute with their chain to enliven the product, so that's what must be done to provide benefits.

Not all airdrops are the same, it's true sometimes we only get peanuts after spending a lot of money, so the only thing is that we do good research where the potential is then focus there rather than working here and there but the results are zero or the allocation is small.

Yes, you are right there. In the beginning, the airdrops will be hot, to be honest, but later, when we go back to the bear market again, for sure, the airdrops will lose their value. Only now is the hype high in the majority of the of the crypto community in this industry.

And not all airdrops are successful in the end either; only a few airdrops are successful. Remember that, so it is still necessary for those who want to participate to be careful and smart in the airdrops they participate in anyway.

Airdrop projects are 50/50 between assurance disappoinments and I don't think if there's worth a credibility for false hope as you said Op because such time wasted of false hopes ca be utilized to achieve valuable results if spent on the a legitimate activity.

I remember getting lots of free money via airdrops during the 2017/18 blocksize war. I claimed so much momey via the airdropped BCH, BTG plus various smaller shitforks like Bitcoin Diamond. I don’t think there will be another time like that again but if there is, I’m here to claim the free money.

There isn't a free lunch anymore. The time to get a free lunch has already passed for so long. These days, we enter the era when your contribution will determine the size of your reward. The developers must also be selective in rewarding the community.

I see an airdrop as a free lance. Time is moving forward, and ultimately the only winner is someone who contributed to the project/ecosystem. 

As long as the reward is worthy given the time and money I lost, I am good. 

Oh sorry about that, i thought sharing link wasn’t allowed here that’s why i didn’t drop the link.
This is the link to the event: https://www.bitget.com/events/intro/bdc478df13ae5df680eef21087738d60?color=blacklanguageType=0

Have a look and please tell me what you think.

Wow $4k? That’s huge.

I honestly think the same. Projects are now farming us. The likes of Zksync, Layerzero did us dirty ngl.

That's awesome. Even though I didn't get lots of money but I have a better success rate for joining of airdrops before than the present times. I also got that BCH drop in the faucet site that I used. I almost didn't noticed it, not until I saw a " Claim your BCH airdrop " sign, in the middle of their page. This and the other BTC forked drops are the OG's.

It was only nice to know that BCH is still relevant up until now, compared to the other two. Airdrops are still there mate but many of them now requires a harder task and then some capital, so we can't really say that they are a free money but they can be very worthy if we take them seriously.

Op needs more experience to see the activities taking place in the crypto space, he himself has received many large airdrops in the market and that is a very large amount of money compared to the average income. But that is not the common and easy way when talking about airdrop programs, almost everything is quite random and not too calculated to witness a big reward. If you know about APTOS, try to find out how easy their airdrop program is to receive thousands of dollars, and if you can register many accounts properly. There is absolutely a chance to earn very large sums of money.

Many made a lot of profit from a random airdrop and they can’t even tell that those project will have that huge of airdrop and that’s why many bounty hunter right now are just participating on every new project with a hope that  it will have an airdrop which no one can exactly know if its going to be big or not. Even on the early stage of airdrop where you only need to enter your address, many made a lot of fortune during those time.

What is the problem? They farmed us for a few bucks, while we farmed them for thousands of dollars. Isn't it worth it? 

I spent $300 total on zksynch and layer zero fees, but I received about $20k in return, and I believe you should also focus on how we may benefit from them. Projects such as layer zero and zksynch airdropped about 1.5 billion USD to their customers. 

I don't see any problem here. In case. If you spent a lot of money on gas but didn't qualify for the airdrop. :D

Oh I see. Some sort of incentive for registering. Unfortunately I'm in a region where I'm not qualified. Even though I hold some fan tokens myself. I'm sure others can benefits from this✍️👍

First of all I think the amount is not that much and nowadays the interest of people towards airdrops is increased so much that this will definately not help much to gain and attract the interests of people.

Secondly the details should be more clear and elaborated to get a clear picture of the airdrop. I don't think you have provided enough details. So please enhance your pitching criteria and skills.

What people should be aware of is the fact that not all airdrops will be successful and will award prizes of up to tens of thousands of dollars. Many airdrops require participants to make transactions on their network and they will earn rewards. Some of the successful ones that I know of are arbitrum, manta and jup. But there are many airdrop projects that fail to get listed on exchanges and end up harming the participants.

Airdrops are as popular as ever, it seems. There might be some disappointment here and there, but in terms of quantity, there are many airdrops you can farm. Even if there are a few duds, you can still make a decent income by participating in a greater amount of campaigns.

We will continue seeing airdrops as long as new projects keep launching. For new platforms it can be a struggle to acquire a user base, that’s why they turn to points/reward systems, to tempt users with the promise of free money if they continue to engage with their platform.

P.S., You should not rely so heavily on AI assistance to write your posts. Even if you are making a good point, your posts will end up getting deleted if you continue doing this.

Airdrop is now what it used to be but at least you should be specific about what you posted where did you read that, a screenshot or a link is good for us to see I know it is a scam but we'll know how they make a claim

If you are update about the current market situation you're not going to believe that there's no free money now on the internet, there used to be in the early stage of Cryptocurrency but no legit platform will make one very rich without investing

Scammers would like you to believe that they are going to make you very rich so you will be under their control, they want your time, your effort, and your money, and you'll fall into their trap if you're not doing the right research.

I completely agree with your opinion that recent announcements of Zksync and LayerZero have disappointed many people of the community who invested time and money in these two projects since 2021 or even earlier. The participants who received rewards were not able to sell them at good price as the price of tokens have declined more than 30% immediatly after their listing. In the future, we should conduct more intensive research before participating in any new opportunity of airdrop.

I don’t think you should depend on airdrops for your income.

It’s more of a gamble, one in a million kind of situation so you shouldn’t treat it as a job. If you get lucky in airdrops then congratulations but it’s not really common enough or consistent to be treated as a regular source of income.
Lots of future investors do not have enough funds so they flock towards free distributions of tokens or coins. I mean who wouldn’t want to earn profit without spending anything? That’s the ideal situation but not everyone would be lucky enough to achieve that.

Yes, I was also there in those glory days, although I was not so lucky, it was impressive enough to change the well being of my life from that result, but now it is very different. Airdrop always uses rankings where the prize that gets the biggest coins or tokens is the one that is ranked number one and the maximum number of participants who get prizes is one hundred participants, usually like that, we have difficulty finding followers by sharing referral links

Even so, I always show for users to start adjusting their investment plans according to the latest developments, for now, apart from buying cryto directly to get digital assets to gain profits, it seems like the best airdrop for us to participate in and that is an opportunity that should not be missed. so we can get crypto without investment and won't be too disappointed if we don't get the profit we thought about to claim the free money.

Airdrop Fatigue: Have We Seen the Last of the Free Money Era? To be honest the airdrop market is over hyped i mean everyone joined with the title get hundred of dollar free money but the reality is get eligible for the drop is already enough for me.

All project now had their own token and their own airdrop theis social media is hyped too airdroper like me getting farmed

Everyone keeps saying this, and to be fair I do not join any airdrops neither all that often, very rarely. However, after years of it, then one comes out and makes a lot of money and people get hyped about airdrops once again. For example, until notcoin made people a lot of money, people gave up on airdrops and nobody expected anything from them, even the people who joined notcoin basically expected nothing aside from very few.

However, it did made a lot of money for them, and in return we are now seeing people who are interested in it once again. So, we should not really consider anything dead very easily, it may not be all that easy to get rid of these, and it may take a while for people to see that. It may die and revive many times over.

Airdrops as we knew them died a long time ago, because it was not only the monetary reward you could get with them, at the time the only thing you needed to do to receive an airdrop is to give the address in which you want it to receive it and that was it, now for an airdrop to be given you need to work for months not knowing what will be the specific conditions to receive it, so it is obvious that is not an airdrop anymore and it is just a way of bounty hunting.

If we do really tend to look up on the common sense side on why projects would really be trying out to make use of those catchy words as much as possible? They are really that trying out their very best on hooking up more people to advertise them on simply making use of that as a marketing. $50k? but in worth or equivalent on tokens/coins which actually it doesnt really have any value on which if we do really think up thoroughly then it would really be that too laughable that there would be still tons of people who would really be that trying out to dive in. Projects would really be trying out their best to hook up
people to advertise or making out such exposure and even if it means that they would really be giving out that significant allocation for that one then they would really be doing it.

On the moment that you do step your foot into this market because of free money from bounties then it would really be that totally different if you do compare it into the past.
Free money isnt something that you coudl really be able to get that so easily into this space. Gone are the days into those golden days when bounties are really that still giving that huge
profits.

The main reason why there's disappointment in airdrop is the fact that there are so many participants that allocation for each person is too small, as you said, airdrop is as popular as ever, it's just different mechanism that these airdrops used to determine the deserving people to receive the airdrop.

but we shouldn't ignore the fact that big whales, institutional investors and so on are also trying to get their share by following some of the airdrop program prominently the one that just require staking capital further diluting the allocation for the event that already so diluted due to too many participants, to mention one is justin sun, literally staking half billion worth of ETH just to stake in airdrop progam held by ether fi racking half of the rewards and he keeps going.


the little guy can do nothing about it.

I think the current situation and people have high hopes because of this airdrop, by continuing to monitor its development for now to claim free money by maximizing their performance and looking enthusiastic, so the airdrop seems popular in all circles and it continues maybe there are some disappointment but that doesn't hinder their intentions because there are lots of airdrops you can get right now.