Airdrop

[Adykingcity]

Just want to add insight, why some people do airdrop, and what are the advantages of people who do airdrop?

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[1715159270]

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[asus09]

Just want to add insight, why some people do airdrop, and what are the advantages of people who do airdrop?

I dont know much about airdrop. but according to my experienced friend. many uses, I just follow the steps my friend took. so i involve also for airdrop.

[ninabobo]

Just want to add insight, why some people do airdrop, and what are the advantages of people who do airdrop?

I'm following a bounty airdrop token project. I do not really know much, but I am studying this. this possibility is very interesting.

[zeroarmy]

First use of an airdrop would be to introduce people to a project amongst many other uses.

[AdamCooper]

Advantages- more publicity and tokens out there for trading.

Disadvantages- too many airdrops from a project that requires funds may find that no-one invests because why should there if there the prospect of getting free tokens is possible.

[Adykingcity]

Advantages- more publicity and tokens out there for trading.

Disadvantages- too many airdrops from a project that requires funds may find that no-one invests because why should there if there the prospect of getting free tokens is possible.

But usually the airdrop tokens only live within a few days, after everyone who gets the airdrop sells their coins, the price runs out and there is no trading volume after that, I think the goal is not so much to trade

[NorrisK]

The airdrop amount is usually not worth a lot but gets a lot of people scrambling to become part of the project.

This is the beauty of the model. It doesn't cost a lot but the gains in reputation are significant.

[bananadines]

I think a lot of people want to receive some free money. I participated in a lot of airdrops and its an easy thing, the most times you just need 5 min or less. But a lot of airdrops are just shit out there. But I think there will be one GEM that is going to have a great future

[13abyknight]

Airdropping coins over doing ICOs is a very unique way of token distribution. The majority of control over the coins is held on by the participants of the airdrop and the owner/devs are limited to keeping up a small percentage of coins. Best part about this system is the even distribution of coins, which keeps it healthy over the longer run.
For obvious reasons, airdropping comes with its own set of disadvantages. The main one to be pointed out is the evaluation of the token on exchanges/markets. It gets hard to accurately price a token which was freely distributed.

[Adykingcity]

What I mean is why the person who made the airdrop show is willing to throw away the money to share it with everyone. Is not that a self-defeating act?

[wpalczynski]

What I mean is why the person who made the airdrop show is willing to throw away the money to share it with everyone. Is not that a self-defeating act?

I think it is mostly a marketing move, kind of like coupons. It makes people talk about it and get interested in the product. Also it increases the number of tokens circulating on the market, which can make it more visible.

[Haunebu]

Airdrop is simply a form of advertising to draw people towards a particular coin. Many people got lucky and earned big amounts through airdrops through minimal effort. Recent example is DeepOnion. Some airdrops are very generous(DeepOnion) too. You just need to be in the right place at the right time,

[jijikill]

It really depends on the purpose of tokens in the project and the approach of the devs
ICO is good for getting initial funds to keep the project ongoing but the problem is the price is fix by the dev not the market, so most of the time it just overpriced and exaggerate the value of the tokens
Airdrop is good in terms of fair distribution to the people and devs is push to keep developing the project as if it has no project , ppl will just dump the coin

[nettweet]

What I mean is why the person who made the airdrop show is willing to throw away the money to share it with everyone. Is not that a self-defeating act?

I think it is mostly a marketing move, kind of like coupons. It makes people talk about it and get interested in the product. Also it increases the number of tokens circulating on the market, which can make it more visible.

it's fair to say that this is marketing ploy, but is it a good idea to have ICO + airdrop for your project? is it doable?

[leea-1334]

Despite the bad press of airdrops with new altcoins, this is most recently because they are actually bounties given for simple activities - posting a Tweet or simply replying with addresses from newly-created coins. To me this is just a form of marketing and does harm the price and value.

But airdrops in the past were a way of trying to create fairer distributions. Some devs didn't like the ideas of premining or holding tokens in ICOs that forced people to buy them.

[surix]

It's a efficient marketing strategy, and a very powerful one. There are too many ICOs and too many scams.

Successful examples you can see Byteball and Deeponion.

[random8888]

i would take a project with an airdrop over some scammy ICO any day!

[HippiePyro]

It's a great way get coins distributed to the masses, as long as there in genuine distribution. It also avoids ICOs legality issues

[GreatOrchid]

Token developers call it "free airdrop" but everybody knows that they want you to use their signature in order to be able to receive the distribution, it is okay, but it is a different way to refer to a "bounty campaign", since you are getting paid by tokens for posting.
But once that everybody dumps their coins, the price is going to crash, and that happens with almost all the airdrop coins that are right now, like deeponion, it reached $5 each a few weeks ago, and now it is below $0,80 each.

[HongKong]

Token developers call it "free airdrop" but everybody knows that they want you to use their signature in order to be able to receive the distribution, it is okay, but it is a different way to refer to a "bounty campaign", since you are getting paid by tokens for posting.
But once that everybody dumps their coins, the price is going to crash, and that happens with almost all the airdrop coins that are right now, like deeponion, it reached $5 each a few weeks ago, and now it is below $0,80 each.

They do the airdrops rounds every once in a while because they want more people to have their coins. The price usually goes back up after they dumped their coins.