Scam vs. Legit tokens

[sensimilia]

How to know if token from airdrop is a scam or legit?

- They have products that are already working.
- Their products serve to solve that problem in the community.
- Clear long-term plan

Great points. Basically, to obtain this information, the best thing to do is to research on the coins or tokens. Also, take note that there are some hackers that use airdrops to hack and obtain your wallet details in fraudulent ways. So, joining blindly can have a double-edge effect because it put you on a vulnerable position.

I think some are/have collected a lot of data from airdrop participants.
I've also seen it happen multiple times that people pasted their private keys in the google doc instead of their wallet address.

[Btcvilla]

How to know if token from airdrop is a scam or legit?

there is so much we can see from airdrop. most airdrop has no future potential, does not even have a selling point in the market. so I think if airdrop that has no concept or roadmap, or white paper is not an effort to follow.

[siddu67]

How to know if token from airdrop is a scam or legit?

from my opinion why you need find out legit token or scam token sir. airdrop means free token so if you get any token from airdrop? you can check all about like website,whitepaper,team,roadmap
and wait for coming market like etherdelta and coinmarketcap.

[4hajs]

Sometimes buying scam tokens is more profitable than buying the legit tokens. Regal coin and all the ponzi scams, people made huge profits like 50x, this is insane. I think I will look for scam coins and throw some money into them.

[Raffielo]

How to know if token from airdrop is a scam or legit?

The one strategy that I look at within the white paper is to see how the proposed useage of the token is being planned. Where will the token be used and how? Those are my main questions. Afterward, I attempt to answer the question who is going to be partnered with the token, as in big company wise. The reason for this line of thinking is to understand if there will be a large circulation of a token in big business. Otherwise, the speculation usually is right that a token stalls and profits evaporate. There’s always a need in closed system such as blockchain to have directions for the flow and funneling of a token — it needs to be used otherwsie it doesn’t go anywhere.

[lukmankhan25]

i have experience with token scam, its name is eGBYTE. he asked to pay 0003 eth to register. and from then on I will not again make the same mistake. airdrop it should be free .. that's it. if told to pay you should be careful.

[dissgo]

Check its website, see the contract and whatever you wanna join, don't ever give your private keys if they ask you to fill in a form registration.
Don't ever send amount of coins, especially with huge amount. It's just all alibi.

[zxl912157]

I'm not too dizzy about airdrop, if there is time then you can do it. If not, I forget it.
there are other jobs that are more promising. Airdrop is easy but not all coins can be sold mostly just a junk coin.

[saymynem]

You're looking for signals of long-term commitment to solving a real problem. You also want to see a proper application of the blockchain. If you ask "why is this on the blockchain?" and the answer seems like a cloud of smoke, then it's a sh*tcoin.

Like others have said, a working demo, or better a working product, should be a per-requisite.

[lukmankhan25]

scam ?, airdrop no scam unless you are required to pay for it. if you are told to pay it is mostly a scam. because I've experienced it.

[Rose119]

When you join to an airdrop you should not expect on it because its just a free token ,be thankful if they give you a token. But if not? Just move on and look again for another airdrop, Make sure that you won't give any donation because i think that is scam.

[BariaczRoni]

How to know if token from airdrop is a scam or legit?

most airdrop dont scam. Which airdrop ask for password, private key is scam. If not then that airdrop not scam, but it free token is value or not depend on their devoloper