Is it true that 99% of all airdrops are shitcoins of bad projects ?

[Jadz]

From my own experience I can tell from all the airdrops that I know the top projects were only: Vite, Ontlogy, Dfinity. All others were shitcoins

[disconnectme]

It is recently that the concept of Airdrop has been abuse, I read than NEW was also airdrop and even in early days of BTC it wss airdrop to some members on BCT and Reddit forum just to build up a strong community around the project, but now what we see is that the developers farm addresses and start dumping on the community as soon as the token get listed on the exchange another thing now is that most people even dump their tokens immediately on exchange because there is no attachment to the project long term

[Ulya63]

Of course, this is the truth of life in the cryptocurrency world. I think somewhere out of 60 bounty projects there can be a current 1 worthy project and it is almost impossible to guess. But airdrop is worse than in the bounty because basically scam projects make the current airdrop since this is easier to do. But not even such projects can be earned if you come up with the mind.

[dewildance]

It's not right to make a generalization this way. Most recently, the Hydro Airdrop had been very good winners. Nobody can call Hydro to SCAM.

[Bairbe]

Honestly, I haven’t done airdrop for a very long time, because I came to this conclusion a very long time ago!

[batang_bitcoin]

Most of them are and that's statistic you got is accurate IMO.

I don't join airdrops even before during the days where the projects were all amazing and has a chance to emerge. But now most of them even they are offering good amount of airdrop, the value is still being determined by the demand of that project. Now most of them are bad and scams.

[Awoben]

It's not right to make a generalization this way. Most recently, the Hydro Airdrop had been very good winners. Nobody can call Hydro to SCAM.

I support your view,  though vast numbers of Airdrops are shitcoins created by few set of people trying to see if their project can make it to the market and dump thereafter.
It is quite difficult to get a real airdrop, but they are still out there,  recently some people still made cash from coinMD, Energi, while I  benefited mostly from exchange coin airdrops and still benefiting from Staker STR every weekend.

[Airelves09]

For now. Yes. Many airdrops have been abused. But some of them were successful. If there are better airdrops. I will continue to do so. If one of them is successful. Then we earn very objective profits from it. So. Don't be too pessimistic.

[Mt. Dempo]

I know the top projects were only: Vite, Ontlogy, Dfinity.

don't forget also that bitcoin cash is a coin that comes from airdrop bitcoin. stellar also comes from airdrop and these two coins are in the top rank.

[andthereyou]

Yes for airdrop that (the project team) did not held an ICO, not being listed on an exchange was the reason it become a useless coin/token. Unlike a project that did both airdrop and ICO, which has money raised for coin/token listing on an exchange and also for development.

[DamilolaB]

From my own experience I can tell from all the airdrops that I know the top projects were only: Vite, Ontlogy, Dfinity. All others were shitcoins

You are right but what am not sure of is the percentage. I have quit participating in airdrops for sometime now due to the fact that majority of them will end up being either a scam or a worth less project. I got an airdrop reward I took part in the beginning of this year just last week and the value of all I got was 26 cents. It is so disheartening.

[billy.ryoko]

I think this is not all the project is shitcoins, they just want to promote their project and attract the investor, so launched the airdrop is a good way to make this project popular support, but it waste your time to join any airdrop.

[heritage35]

You do not just bring up any statistical data without doing proper research on a subject matter. You can just say that "Most of the airdrops i participated in ended up as shitcoins, except for...". With that, you won't end up making general assumption.
There were some airdrops i participated that are still very much relevant. I can remember the likes of ENU, TWIST and some others.

[BitcoinHodler]

airdrop has turned into a method of advertisement which is why the projects doing it are so bad. with a single action you can get an army of shills advertising your shitcoin while you enjoy the profit you gain from the pumps they do and the dumps you perform from your premiened stash.
this opens up room for a lot of scam projects to just copy the code from some other coin and create a new useless token and dump it on the market.

[Jamesdila1]

HYDRO airdrop is my best airdrop. they gave 222222 hydro free to users. also once it was valued around $3400. anyway im still holding it longterm. yes airdrops are mostly scam or useless. but not all. we need to be lucky to catch a good airdrop

[zhekinsp]

From my own experience I can tell from all the airdrops that I know the top projects were only: Vite, Ontlogy, Dfinity. All others were shitcoins

Maybe right since the airdrops were getting worthless to do in the 2018 so those projects also don't have any potential to be invested that is why we call them as shit coins.And all the potential projects maybe postponed their ICO and bounty because the condition for the crypto currencies is not good now so launching a new coins at this time may not get much profits.

[xhibit1]

The Truth is that most of airdrops now are just not genuine. So many of them tend to use it as a means of scamming airdrop participants. But the rest of them are willing to offer good tokens to airdrop participants.

[arjuna BTC]

From my own experience I can tell from all the airdrops that I know the top projects were only: Vite, Ontlogy, Dfinity. All others were shitcoins

yes, for now most of airdrop project is become useless cryptocurrencies, but not all
but, i think if an airdrop coins or tokens still have a value, you still have a luck  

[gefander]

Now most likely no longer works, too many people have come who do not benefit, so such marketing kills the project. Why give away money if it doesn't do any good?

[batch2016]

I think this is not all the project is shitcoins, they just want to promote their project and attract the investor, so launched the airdrop is a good way to make this project popular support, but it waste your time to join any airdrop.

I agree not at all airdrops campaign  are not  shitcoin ,,base on my expirence ,although some of them are true that will become shitcoin but maybe depend upon to the project if will succeed or not..