Bitcoin Forum

I saw few newbies have asked in Altcoins section "Why airdrops?"
So i post this detailed explanation for all of them here..  :)

As far as i know there are few types of Airdrops and few intentions of them.

1. Before ICO Air drops

These are done before launching an ICO.
To get public awareness of the project, get telegram members , get Twitter followers , get likes for the Facebook page etc..

2. After ICO Airdrops  :)

Some projects airdrop their unsold tokens to ICO participants without burning them, to avoid decrease the number of total tokens. ( ex: SP8DE )
Some projects do this after a successful ICO in specific exchanges to attract traders. (Arckblock did this)

3. Totally Airdrop coins.  :D

Some projects doesn't conduct a ICO instead they Airdrop the coin among general public or bitcointalk user.
Actually this is a very good strategy instead of ICO's because ICO's are hrdly getting successful these days and marketing a ICO is very expensive.
Twist coin( Twist.network ) is this type of coin and it is pretty amazing, now the price is 0.1$. They airdropped 85% of total tokens.

4. When doing a hard fork on existing block chain.  ::)

When a hard fork is done forked coin is Airdropped among original coin holder.
As a example when a hard fork of Bitcoin, Bitcoin Cash, gave current Bitcoin holders an equivalent amount of Bitcoin Cash.
MoneroV is upcoming airdrop and Hardfork in Monero block chain. Airdrop ratio 1 Monero : 10 MoneroV

5. Referral programs.  >:(

Those are very bad in my opinion. Some projects use give very little amount of coin to airdrop registrants an if they refer someone give more coins.
These are very aggressively used to pump up telegram members.
Ex;-Current media network became the largest telegram group using 4M$ airdrop and a referral program.

6. Scams  >:(

Most of the airdrops are scams for getting telegram users and email addresses. Don't do those airdrops.

Your third point is worth noting. Many new projects are realizing that conducting an ICO is a risky process due to legal issues. 2 years ago, regulations were either absent or very lenient for ICOs. But right now, the issue of utility vs. security token definition is very strict. On the other hand airdrops help quick adoption, higher community engagement and less legal headaches. Plus less questions about exchange and development!
 

You missed airdrop for holding tokens or coins in wallet of which you have private keys in your post. This airdrop idea is fair enough for project which attracts real & serious members only to their community. There were recent airdrops based on NEP5 token for holding like QLC holding airdrop  > spotcoin airdrop & SWCH holding airdrop > Travala (AVA) tokens. Spotcoin have another two rounds of airdrop for Holding NEP5 tokens like SWCH & Effect.AI  you can take part if interested.

Airdrops are the major cause of coin dumping at exchanges. Airdrops should be reduced or banned outrightly as it is killing the coins when they get to exchange. Airdroppers dump at the lowest rates and it causes devaluation for the coins involved

Yup, I hate the airdrops too! They are just the cheapest ways of doing advertising for the ICO's and they take lot of time from us. The tasks might be smaller one like joining telegram, twitter following etc but they do have additional requirements which are burden on any person and thus it could turn out to be pain staking work.

I will always say that ICO's should not be doing the airdrops as it ruptures the funds for nothing and everything goes to vain at the end. It also leads to scams many time when ICO find out that airdrops eaten their most of the profits. So we as participant should also be aware that airdrop dont always true out to be gree ones.

Most of them are junk, just collecting emails etc.

the devs of the coin is fine people dumping their coin because they get something in exchange like free marketing so its win win for both. why airdrop should be banned just because of the dumpers if these coins is doing this they are fine whatever happens to their coin.

This is absolutely false. Airdrops provide a fair distribution of wealth in the community and is a great resource. New users are incentivated to get more involved with the technology. There is no such thing as dump and blame the price drop to airdrop holders.

Very informative. I like it. I started joining the cryptocurrency. So, I think this information will be very useful for me. Learning the ways to participate in airdrops and bounty is very important to get the legit rewards. Moreover, now we may find out many scam ICOs, therefore, it seems to be very important to know this kind of information.

yes, almost 90% of airdrops are trash, dont even bother to become part of any airdrops, they will just waste your time for signing up on their application form.

Even for users who complained that Apple removed some useful stuff on new devices like the 3.5 mm headset jack, we still have to admit that the user experience that Apple devices batch "is always better than other products. And this is even more true when you are using smart devices in Apple's ecosystem, all synchronized. iMessage, Siri, iCloud and AirDrop are indispensable tools on every device running iOS and MacOS. In particular, most users will love to use AirDrop because of its usability and much faster than conventional Bluetooth.

Thank you for sharing, I learned a lot of knowledge, but I still have a question. Can you tell us how to better distinguish airdrop projects? I know nothing about this now! Only blind airdrops!

for the moment a lot of disappointment with the majority all contain a scam. Indeed the truly proven pay too much but the scam is much more than that. should really be very thorough in selecting the best so that the airdrop could get big results.

It's a way you make money without spending money. Airdrop.
A simple method you can win by taking steps.
You can earn $ 50-100 a month without spending much time.
Crypto is easy to make money in the money world.

Airdrops and most Bounty programs ICO's run don't really help them much.

Airdrops seems unreal to me because I've never earned one and I'm not motivated to participate in any because of the news and feedback people giving about it most of them are shitcoin majorly reason for the airdrop is to get followers on deferent platforms by deceit. To me it's a waste of time

I think referral program cannot be consider as very bad airdrop. Ofcourse referrer must be rewarded more because he is doing as same as bounty hunters who are advertising the projects. In the other hand though the airdrop is few, participants are not forced to participate. It's all up to individual if they take or leave it.

Your post might be useful to some but majority of the airdrops have defeated it's purpose and while more than 3/4 of the airdrops are fruitless ventures which have discouraged me about filling forms of airdrops I've realized most of the projects just launch airdrops to draw supporters to every available platforms and award out stupid tokens with less or no value at all.

Oh yes they always have value less than 5 USD and it means nothing to us. Those who are new are the only one who keeps filling such forms and try to think that they will get something free. But the case is they never ever get big money as the airdrops becomes mostly scam and there is huge chance of that. They only do advertising with that way, attract more investors to their on going pre-sale fill up the bag with money and when the time is finished they run away. They dont even care about the airdrops and what happened to it. Lol.

Airdrops can be done because the most part of coins are not backed by any real assets, unlike equity. They don't have any intrinsic value. By contrast, our INNBC Token (https://www.innovativebioresearch.com/pre-ico) is backed by the value of actual physical goods such as JDM cars.

A first implication is that we are not going to do things such as Airdrops for example. The reason is simple. If we were to just give away INNBC Tokens, people could actually buy our cars for free and we would be out of business shortly. Now, we do have a bounty campaign but that is a different thing than airdrops, as you are basically paying people for a job they are doing.

Before,  i joined lot of airdrops but earn nothing,  so now i dont want again and again to waste my time and effort on that,  i choose wisely now . Maybe it was their way to have followers on telegram but i hope it wont affect the trust of the people for airdrop just because of those scammers.

Because it is easy money. For elementary actions you can get a considerable reward. If you're lucky, of course) It happens that you just waste your time

Thanks for your opinion. It's getting harder and harder to succeed in an ICO project because a lot coins are being created this days.

Nothing beats free lol

I prefer airdrops for starters who wants to earn tokens or what we called altcoins in cryptocurrency world. They are absolutely free all you need to do is to follow a simple task. Its a very privilege for all of us that we can earn money by just a simple task. One of the requirements is you should have digital wallet where you will receive your rewards, another is social media accounts where you can promote them publicly.

It seems that the time of simple air is complete when tokens were droped simply for a telegram or a subscription on Twitter or fb, now very common aidrop through whitelist with kyc.

Yes, there are really lots of airdrops and mostly are giving shit coins. That is why I really did not mind those airdrops. But on the otherhand, since it is a strategy of the ICOs maybe it will bring good audience for them. Just be careful in joining airdrops

If you do not have any money or experience in the crypto industry, you can try making airdrops. This will give you some experience with different Google forms. You will also get started and start downloading accounts on social networks. In the future, go to the bounty campaign.
If you have money and experience - airdrops are not for you.

for the moment a lot of disappointment with the majority all contain a scam. Indeed the truly proven pay too much but the scam is much more than that. should really be very thorough in selecting the best so that the airdrop could get big results.

I like this part ^^
agree that most of airdrops are scams
but why they need our telegram user for???
and I think most of them require email too?

For good projects, I do not see a reason why it should be hard for them to succeed in the long run.
If you are referring to those that are already in the market, I would rather say since the market is still hugely in a downtrend, it is expected to see most new markets still being drenched by that until the market sentiment totally changes to the upside but for now, as long as a project is good, acquire and hold is the best and airdrop is more like a way to give the project more awareness as regards to market trading as well.

The essence of airdrop was not to give you something pretty tangible for nothing, it was only a way to let people be aware of the coin, get to have some holders with little of it and holding for the long run and whatever you get from airdrops were not meant to be a short term stuff. Moreover, it is free so why complain and like you have said, what is important is to at least be sure you are not just getting airdrops from shit projects.

If you want some quick cash without investing any of your amount or even your time then airdrops are the best for you. You can just signup a form and enrol yourself in the project by joining their telegram account. You will get some coins at the end of the ICO promotions are over. Airdrops will surely give you some tokens but that would not be worth as the ones you will receive while doing a bounty campaign.

Pretty much the truth. It is easy money and you really do not have to do anything to get it and the only thing you can just do to get the best of it is to hold on tight to it if it is a good project and in some years’ time, you may actually be surprised to see how great the few amount it is in dollar right now may actually be by then. Just imagine getting $1 worth of XVG when it was launched and looking at the percentage at which it has grown now.

Many airdrops disappearing without paying the amount of promised token. Their main purpose is to record social media and emails and sending advertisements to them.
But, Some airdrops are paying the amount they promised.

I consider airdrop coins as a collection that might not worth now or may have in the future. The guts of one to see what can’t be foresee by anyone is a gift. Why would I hesitate to take a small effort for a coin that’s  unworthy for some people, but I do view it differently. It a choice of one if this marketing does work or not, risk is everything and profits is not assured.

It's the lure of easy money. Maybe not ALL airdrops are scams, but a high percentage IS. I would choose wisely before participating in an airdrop and see if it's worth my personal information (it usually isn't).

the pros cons have been going about this airdrop, i think the airdrop is nice, according to the second point, there positive its airdrop when the ICO does not sell it all, dev do or make the airdrop system for all tokens are used and avoid the price drop, but now airdrop has been widely misused by the user, sometimes airdrop is used for a fraud to get a big profit

I preffer airdrops more then bounty

In my opinion, It's a good idea or information, because I started to join cryptocurrency and with this information, I will Learn how to participate in airdrop and bounty is very important to get legit rewards. In addition, now everywhere many ICO is fraud. So I have to be more careful myself if I want to join ICO.

The AirDrop created by Mindexcoin is a deposit system, where investors who bought company coins direct their capital. Once deposited within the AirDrop, the Mindexcoin must stay for a period of one year without interruption and without allowable withdrawals. At this time, these cryptocurrencies will yield. The yield is 2% per week for a year, and after this period the main investment can be taken out normally. Each week, the user can use the amount generated by this percentage of income (2%) to transact within Mindexcoin's own website, even because the Exchange Internal project is already working. No company today offers such an easy and practical system to generate more coins, which in our case are Mindexcoin. Earns reach 80% in the year.

https://mindexcoin.com/

Yes! It is a good source or information for all newbies and for all people that didn't know about airdrop. That is also the reason why i don't want to join in any airdrops as much as possible, i only joined in bounty campaign for my sake.

That was the most ridiculous thing I ever heard. Could you explain to me why you prefer airdrops?

Good information you have.
Anyone asking to follow on twitter or telegram for an airdrop with nothing more than a forum account and google for are 100% scam.
Only join airdrops that also provides other forms of bounty or you are sure that they are successful selling an ICO.

Airdrop is an easy way to make money. If you know who you're working with. Because a lot of scams and you can waste time.

It's the easiest way to make money without spending money. Crypto is the simplest way to make money in the money world.
Try all methods. You can make money from each lane.

There are lots of scammer in cryptoworld especially in airdrop. So its your responsibility to do research before joining them. Maybe your tokens is not yet distributed, i think the distribution is after the IC0.

This is useful information op. Many newbies get tricked by scammers who come up with coins and tokens that promise to give away free money, but instead end up stealing all their hard earned money which is unfortunate since there are a plethora of threads in this forum that provide ways to avoid getting scammed. I urge newbies to secure all  your accounts(emails etc) connected to the cryptocurrency market in order to secure your funds.

Airdrop could be so cool especially when rewarded with tokens that have solid foundation. Developers seem to give airdrops because, without them giving something as reward to those who help promote their project, no one would want to involve his time in the promotion.

Because it can be called a free distribution of money. And this must be used. In addition, coins can also take off several times

Turning to the 6 point ... Could you tell me how to identify fraud, because I have no experience in this matter ...

airdrop is one of the marketing strategy to promote what they have. and many airdrop crypto used to find for free and easy. Even so however up to now many airdrop that contains only a scam and this certainly makes the intention to airdrop be reduced,

Because Airdrop:

- The popularity of cryptocurrency encourages the emergence of new tokens that require more attention from the public.

- Airdrop (free token sharing activity) is considered to be an effective strategy in attracting users.

- Though impressed promising, you who play in the realm of cryptocurrency should remain cautious against Airdrop.

In my opinion, air drops are very good but Many drops of air disappear without paying the number of tokens promised. The ultimate goal is to record social media. But there are a few drops of air paying the amount they promised. But if you want fast money without investing your amount or even your time then airdrop is best for you. You simply register the form and register yourself in the project by joining their telegram account. Airdrops will definitely give you some tokens but it will not be as valuable as you would receive during a rewarding campaign.

Yes, I remember when getting token airdrop and the time I am selling price is very fair and the token continues to experience growth. So I think that not all bad because there are still many airdrop which I think is very good. It's just that we need to be patient and save the token and the token in time will go up with rising prices, followed Altcoin.

Airdrops are dead. It's hard to meet the kind of valuable airdrops. I think we should pay more attention to some bounty. They are more reliable than airdrops.but you must spend more energy to complete them.

some Airdrops Scams wanted some Donations ..
so that they will prioritize the person who donates.
then the result is the token is a shit coin . even though they give it as a airdrop.
that is what airdrop scam on my perspective

Before now,  i have joined lot of airdrops but nothing earned significantly. Most of the airdrops are shitcoins and waste of time.  so, i do not want to waste my time and effort on that,  i choose wisely now most times.

Thank you for sharing, I have seen many posts, without your detailed explanation, this article really explains the meaning of airdrop! I really like your article! Thank you!

I fully agree with you, as airdrop is essentially a cheap PR company. I don't think that the 2 percent that was allocated to airdrop and bounty companies will have any impact on the value of the coin if this project is really good.

Lol. I understand the feelings people will always have with respect to airdrop and the funny thing about airdrop is that you may be lucky to hit a good project and in the long run you will simply get a huge profit from that little coin that one may think one has now. Also, it makes it easy holding airdrops since they are free and not much until when they are tradable for a lot more.

for the moment a lot of disappointment with the majority all contain a scam. Indeed the truly proven pay too much but the scam is much more than that. should really be very thorough in selecting the best so that the airdrop could get big results.

I just joined in a bounty campaign for my sake and in my opinion It is a good source or information for all beginners and for everyone who does not know about air drops. That is also the reason why I do not want to join as much tears as possible

Many projects emerging airdrops at this time. But I feel that airdrops it became ineffective. Because it is now hard pressed to find a program that does a potential airdrops. Most precisely does not produce and waste of time only.

I agree with the 6th thing, I joined a lot of airdrop and the number of scams is 90%. Maybe I'm not lucky but some people get rich from airdrop

for the particle a portion of disappointment with the mass each clasp a swindle. Indeed the actually proved wage very each the more on the other hand the scam is each the more annexed than that. should absolutely be extremely exhaustive in selecting the bey compare so that the airdrop could acquire copious results.