Some Airdrop Projects Fail

[coyhasmon]

The problem is from two sides. On the one you have many project creators chasing easy money, and the other you have farmers who are abusing airdrops. The idea of airdrop is to reward you for real activity, but we are past this for a long time now I think.

I don't think some fail, a lot of them are managed by time wasters and deceitful admins. Multiple dishonest developers use the airdrop marketing strategy to steal from both participants and investors in a recurring form. In as much as they don't pay, they still come back with a unique project and apply similar method of sharing airdrops to con users. It's always advisable to work with established or well known project owners who wish to share bonuses in turn for individual tasks or marketing.

The reason why they use this strategy is that it is free. You make up your own token and then send this fake money to others for doing marketing work for you. Your real cost of doing this is zero. I am sure there are processional groups that keep running scam projects over and over again with hidden identities.

[el kaka22]

When a project has no real time use case, it will definitely fail, no exception. Airdrop is just another marketing strategy, people will come to about a new project and obviously those bounty hunters will dump all the rewards into exchanges for sure. If a project got real value like a stock or with a real time usage like gas for the case of ETH, why do people need to dump on listing itself. I am sure, when there is a real world application, at least 50% lesser dump as people will learn about the potential of a project and will buy back for using in requirements or for investment reasons.

XRP is one altcoin which did airdrop and surviving till date. I am not backing XRP or not arguing about like it got a real usage. It is an early one and managed to attract investors and managed many pump and dump to secure free cashflow. Airdrop project or not, anything will fail without real use case or due to bankruptcy.

[ultrloa]

When a project has no real time use case, it will definitely fail, no exception. Airdrop is just another marketing strategy, people will come to about a new project and obviously those bounty hunters will dump all the rewards into exchanges for sure. If a project got real value like a stock or with a real time usage like gas for the case of ETH, why do people need to dump on listing itself. I am sure, when there is a real world application, at least 50% lesser dump as people will learn about the potential of a project and will buy back for using in requirements or for investment reasons.

XRP is one altcoin which did airdrop and surviving till date. I am not backing XRP or not arguing about like it got a real usage. It is an early one and managed to attract investors and managed many pump and dump to secure free cashflow. Airdrop project or not, anything will fail without real use case or due to bankruptcy.

Agree to that since how does a project would last long if there coin or token created doesn't have any use case for sure people will just buy it for pump and dump reason.

Also we usually see that kind of set up on most of scam projects that's why I'm so picky upon choosing the best project and always go with Bitcoin if I choose to invest for long term and drop osme little cash on altcoins when I think I feel like ready to gamble especially for meme coins.

XRP now is doing some sort of good of action but people still need to be more careful on that project since future of that coin still uncertain.

[TastyChillySauce00]

The reason why they use this strategy is that it is free. You make up your own token and then send this fake money to others for doing marketing work for you. Your real cost of doing this is zero. I am sure there are processional groups that keep running scam projects over and over again with hidden identities.

For the honest project, there are actually cost of paying market makers to keep the market running and preventing it from being oversold by the airdrop receivers.

But for the scammer project, there's zero cost indeed, they just let their coin going to zero because they're done with it and want to exit.
Always watch out for scam project, they will do nothing but just steal our money.

[nemesis_incarnate]

For the honest project, there are actually cost of paying market makers to keep the market running and preventing it from being oversold by the airdrop receivers.

But for the scammer project, there's zero cost indeed, they just let their coin going to zero because they're done with it and want to exit.
Always watch out for scam project, they will do nothing but just steal our money.

That's also pretty hard to understand going into the details - analysis is needed to further get the idea of how much risks are there going into the project.

Some devs are just doing whatevs to get the profits, as others said.

[JeffBrad12]

-Today's projects, the airdrop allocation is over, the effect is that holders have gotten too much for free, what is the effect ​​when launching the project, they lose buying pressure

Most of the time it's allocating airdrop to the user that doesn't even care if the project exist so they just outright selling the token.
Morever these project's token exist for the sole purpose of existing, the project doesn't even need it in the first place.

Most of these tokens were doomed to fail from the very start, it will hold on until the teams dumping their allocation and then vanish. That's why never buy these shitcoins.