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Author Topic: how to know if airdrop is legit?  (Read 244 times)
tinalucian (OP)
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February 11, 2018, 02:39:10 AM
 #1

just wondering if all airdrop is legit, how would I know that airdrop is legit or not?
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February 11, 2018, 03:25:33 AM
 #2

Do you have a coin in mind? DeepOnion does legit airdrops for completing simple tasks and having 50 ONIONs in your wallet. I know some other coins do airdrops and I know there are probably some scams out there. You need to research then ask if anyone has experience with that coin.

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February 11, 2018, 04:03:13 AM
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 #3

just wondering if all airdrop is legit, how would I know that airdrop is legit or not?

Not all airdrops are legit because not all of anything crypto is legit. I think the main concern about any given airdrop is first, how much information do you have to give out in order to participate. If all they need is a wallet address, you haven't lost anything by sharing that info even if the airdrop never happens. The more identifying personal information requested, the more you want to do your homework about that airdrop, because you only want to share that kind of information with something legitimate. The other concern of course is your time. How much work do you have to do in order to earn the bounty. I consider an airdrop to be a free distribution whereas a bounty is awarded for work done. Obviously the more effort on your part, the more you want to make sure you're working for something real. Finally, make sure that if you're putting your own name and reputation out there publicly, that you're doing it for something that is legitimate. You don't want to gain a reputation of promoting scams, so before you send out that tweet or other public post about it, make sure you've done your homework about the organization.
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February 11, 2018, 04:07:36 AM
 #4

Thanks for answering sir,I also wondering how to know if that airdrop is legit, Now I will starting reading and doing some research before joining some airdrops.

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February 11, 2018, 05:14:15 AM
 #5

You always have to check if they have a legit website. If they have a good team behind it. check their whitepaper and roadmap. Most importantly they don't ask for donations.
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February 11, 2018, 09:57:16 AM
Last edit: February 11, 2018, 10:15:49 AM by moneyangel
 #6

just wondering if all airdrop is legit, how would I know that airdrop is legit or not?
I also participate in airdrop but i only fill-up those that has ask for wallet address, bitcointalk profile link and also the telegram. Most Airdrop will ask you to join there telegram channel then after a month you will receive your token as a reward in joining their telegram. Never give donations if they ask and don't entertain someone who message you thru telegram asking for investment it's a scammer.
Lastly, don't expect too much from them if you receive your token its good, if nothing just move on and find another opportunity.

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February 11, 2018, 11:10:30 AM
 #7

just wondering if all airdrop is legit, how would I know that airdrop is legit or not?

Not all airdrops are legit because not all of anything crypto is legit. I think the main concern about any given airdrop is first, how much information do you have to give out in order to participate. If all they need is a wallet address, you haven't lost anything by sharing that info even if the airdrop never happens. The more identifying personal information requested, the more you want to do your homework about that airdrop, because you only want to share that kind of information with something legitimate. The other concern of course is your time. How much work do you have to do in order to earn the bounty. I consider an airdrop to be a free distribution whereas a bounty is awarded for work done. Obviously the more effort on your part, the more you want to make sure you're working for something real. Finally, make sure that if you're putting your own name and reputation out there publicly, that you're doing it for something that is legitimate. You don't want to gain a reputation of promoting scams, so before you send out that tweet or other public post about it, make sure you've done your homework about the organization.

Thanks for the knowledge you have share to us. This share is so valuable for us. We can get a great knowledge from this. More power.
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February 11, 2018, 01:33:25 PM
 #8

Airdrop is always free distribution of their tokens to gain attraction and reach.
Always check for if there is whitepaper available for that company and also check the team members.
Only way you can loose if you provide private keys of your wallets. Until that you are safe.
If they ask more details except for your wallet address, telegram user name, bitcoin talk profile link then it's fine. If they are asking more details just avoid it as they might be only interested in collecting data for third party marketing
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February 11, 2018, 08:22:12 PM
 #9

just wondering if all airdrop is legit, how would I know that airdrop is legit or not?

You can't know it for sure, basically. But you can guess they are legit looking at their website, their whitepaper and their team.
Also, an important thing to keep in mind is the form. Which data are they requesting you in order to receive the airdrop? Many airdrops out there looks just scam attempts in order to extort users' personal data.
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February 27, 2018, 02:11:00 PM
 #10

Have I a risk if I post my pablic key in airdrop?
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February 27, 2018, 07:31:20 PM
 #11

Have I a risk if I post my pablic key in airdrop?

Do not give your Private keys to anybody. You can give your public keys.

Simple Analogy:  Public key ==> Home Address.
                         Private Key ==> Your Home's lock keys

If you want to deal somebody, you will give them your home address (Public key)
But you never give your lock keys of home to any body (Exceptions of close friends). so you should not give your private keys.
Save your private keys in same way as you save the password of the bank login account,

Another analogy:
Bank account number: Public key
Account password      : Private key

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February 27, 2018, 07:59:12 PM
 #12

just wondering if all airdrop is legit, how would I know that airdrop is legit or not?
it's called air..drop... dropping thing from air(craft), they only need the location/target for dropping
pretty simply, airdrop doesn't require any initial investment or much information from you.
if you get the coin/token share, it's legit. If you don't get your share, it's not legit Grin
legitimacy of the coin itself is a different matter Tongue

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February 27, 2018, 08:09:28 PM
 #13

just wondering if all airdrop is legit, how would I know that airdrop is legit or not?

Airdrops occur when there is a hard fork, so the only way to know if the hard fork will be legit and live on is for the hard fork attempt to commence and let the market decide its fate - whether it will live on or die.

Here's an article if you want more information on Airdrops: https://steemit.com/bitcoin/@bitcoinflood/icos-are-out-airdrops-are-in

And I'll quote one of the first sentences from the article:

Quote from: What is an airdrop?
A airdrop you might know better as a hard fork.

Oh, wait, are you referring to an ICO? Most new tokens/cryptocurrencies are created through an initial coin offering (not related to a hard fork, not distributed by way of Airdrop). Again, only the market can decide the fate of an ICO but you can get a good idea of it's chances to succeed using the following criteria:

  • Does the ICO have a sound and realistic business plan? This is the most important part, the token is just a medium of exchange for information, but what does this ICO company seek to accomplish with that exchange of information and will it have a place in the market
  • Does the ICO have appeal to a market of people that aren't already involved in crypto currencies?
  • Does the ICO require bounty campaigns and lots of advertisng hype to generate attention? If so, their business plan is probably week...stay away!

Good luck!
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February 27, 2018, 09:23:32 PM
 #14

yes I think that you wrote it, I think so, although I am new, I participated in many airdrop and bounty programs. bounty while sharing normally over twitter should continue to stop sharing. before they had a share of pre-sales talk. If the number of airdrops or bounty you are participating in is too high, then it is impossible to follow and you do not know if you paid. I need a scam project like a preliminary scan of a bitcointalk team. because there are so many projects. unfortunately we are helpless when we do not have time to spend
jakeshadows27
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February 27, 2018, 10:26:04 PM
 #15

There so many airdrop in social media but most of them is just ways of time and effort even they give proof maybe just strategie to get referral so you make them earn

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February 27, 2018, 10:45:20 PM
 #16

Airdrops occur when there is a hard fork

Maybe most airdrops, but not all.  Stuff like Clams, Byteball, Lumens, etc all gave away an amount of their altcoin based on the BTC people held at the time, even though they aren't forks of Bitcoin.  Some required more involvement than others.  Clams just literally threw them at you without you even claiming them (some older Bitcoin users still don't even realise they hold them), Byteball you had to either sign a message or send a microtransaction to claim, and I think Lumens you had to give your social media profile or something. 

Perhaps it only seems like all the airdrops are forks because there are so many of them now.   Wink

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February 27, 2018, 10:51:33 PM
 #17

just wondering if all airdrop is legit, how would I know that airdrop is legit or not?

Well, if they ask you to share stuffs and follow them, usually they kinda use you and it's not an airdrop.
If it comes from project that are already trusted. For example, ETC and PIRL are going to have an airdro/fork in a few days. You can trust them.
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February 27, 2018, 11:12:54 PM
 #18

just wondering if all airdrop is legit, how would I know that airdrop is legit or not?

If i understand you right, the best way is the same way as for bounty, learn a project that gives an Airdrop, check him thru famous ICO trackers, watch their project, and try to answer a question, will normal businessman give you real money for nothing? =) Most normal airdrops are pre ICO or due ICO, i mean they are paid for advertisment, for project support, sometimes it's voting for coin listing, other types i don't know, sorry.
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February 28, 2018, 01:32:44 AM
 #19

The best thing to do is check their website... read there whitepaper and roadmaps..

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February 28, 2018, 01:39:26 AM
 #20

The best thing to do is check their website... read there whitepaper and roadmaps..
youre right on that , checking thier website ,roadmap and whitepaper will determine if an airdrop is a legit or not. Some airdrop today will only waste your time, most airdrop today are shit tokens.

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