cheezcarls (OP)
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Situation: Crap Coin is holding an ICO for 2 months at $0.30 per token with 100,000,000 CRAP total token supply and 70% of it will be allocated to the ICO sale. 1% of the total token supply was allocated for the airdrop participants. The ICO was conducted a month later after the airdrop event.
Note: CRAP Coin doesn't really exist, this is just a funny example.
Crap admin: 10,000 participants who complete the airdrop tasks will receive 100 CRAP worth $30. Crap participant: I'll better hurry up and complete these tasks!
After 2 weeks of airdrop event......
Crap admin: We have finished our airdrop event! Thank you all for participating. We will announce on the following week on how you're going to receive your airdrop. Crap participant: Oh yes! Can't wait to receive my airdrop! Woohoo!
A week later.......
Crap admin: I was informed lately by the management that all airdrop participants are required to complete a mandatory KYC. You need to sign up an account and complete your KYC. Crap participant: Oh crap! I guess I have no choice but to comply. Admin, may I know when will I receive the CRAP tokens after completing the KYC? Crap admin: Stay tuned for our official announcement from the core team. I'll confirm it from them. Have patience mate! Crap participant: Okay admin, I will wait for the team's response.
A week later.......
Crap admin: The core team responded to me that your airdrop will go straight to your account dashboard after ICO was finished. Make sure you add your ERC20 address in the settings. The ICO will start next week. Crap participant: It looks like I have to wait for a long while before I can finally receive the airdrop as promised. Crap admin: But we have some good news for all of you! If we reached soft cap, we are going to list CRAP in BullCrap Exchange and distribute the airdrop a week after that! Crap participant: OMG! OMG! I’m excited for this CRAP! To the moon baby!
After 2 months of ICO.....
Crap admin: Our ICO is finally finished. However, I would regret to inform you all that we have failed to reached the targeted soft cap. Crap participant: So what does it mean? Crap admin: It means that since our ICO has failed, we will not distribute the airdrop tokens as it will have no value. We are also going to refund our investors soon. Thank you for participating. Crap participant: Jesus! I’m just stupid enough to participate in a project that is full of CRAP!
(Crap admins disbanded the Telegram group and shut down the website with a South Park meme saying “AAAAAND IT’S GONE!”)
Who can hardly relate to this situation guys? Trust me, I’ve been there a few times already!
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batang_bitcoin
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July 02, 2020, 11:31:13 AM |
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Haha, funny story and for sure many will relate to this. That funny meme at the end is for real. This is the reality in airdrops and ICOs. They'll get that information and data of those who have passed the KYC for their crap token. And suddenly, there's no actual value and they have all the means to use those IDs that were sent to them in anything that they want. Airdrop people should learn that never send KYC just for these tokens.
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JeotQ
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July 02, 2020, 11:32:57 AM |
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Lol, very funny, but honestly I still join airdrops till date and I don't depend on any, I just join for fun of it but judging from my experience some airdrops did surprised me and some performed worse just like I expected, since we can't read the future it won't hurt to try.
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kayvie
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July 02, 2020, 11:33:35 AM |
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A lot of people here can actually relate to this. I also experienced this kind of situation a lot, especially when the airdrop suddenly require their participants to have kyc. Since I don't do kyc, I will just leave the airdrop and find another one. I always have the same scenario every time I participated in any kind of airdrops.
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FireBallex
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July 02, 2020, 01:25:42 PM |
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KYC for airdrops? That's too much for me, I don't even join bounties that requires KYC not to talk of airdrops, the reward will be low that's certain, giving up KYC in bounties is better than airdrops
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minairia3
Sr. Member
Online
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Vave.com - Crypto Casino
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July 02, 2020, 01:54:11 PM |
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Ive once experienced these kind of situation before, its funny actually how we joined shitcoin projects and rant over the distribution or payment and suddenly the project failed of course dissapointment will turn into anger and we cant control saying things on these people (admin) but at the end of the day, we will realize its our fault to join airdrop and bounty without doing a good due diligence. Anyway I had enough of my past and will never got fooled again.
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robelneo
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July 02, 2020, 02:57:20 PM |
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It never happens to me and will not likely happen because I shun KYC, even in bounty hunters, more so on airdrop because I already know that some of these developers only want the sensitive information of people and they are using airdrops to victimize people, people should be care, giving their sensitive data to unknown developers and unknown people.
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Sebas.tian
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Hire Bitcointalk Camp. Manager @ r7promotions.com
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July 02, 2020, 03:07:39 PM |
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KYC for airdrops? That's too much for me, I don't even join bounties that requires KYC not to talk of airdrops, the reward will be low that's certain, giving up KYC in bounties is better than airdrops
this has been the problem of bounty hunters, they are too desperate for anything under the sun and forget the disadvantage of their actions. Were on earth would you expect someone to complete KYC for airdrop? Hope nobody has already fall victim to this scammers pretending to be project admin?. Personally, I shun anything that ask for my KYC online because of my identity. We'll have a responsibility of protecting our identities, don't be negligence to this.
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Jannyh
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July 02, 2020, 03:25:52 PM |
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I think I have been a victim of this but I don't think I will fall any more,once I see kyc and for airdrop especially,I would just ignore,gone are the early beginning when we do every kyc yet no pay,and these days it's good to go some research go know if the airdrop or bounty is worth it before all the waste of time.
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Claudio99
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Sovryn - Brings DeFi to Bitcoin
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July 02, 2020, 04:04:24 PM |
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I've been hunting for airdrops for over a year now and I can say that airdrops that ask for KYC hardly paid, it come to a time that I stop participating in KYC airdrops, to me its not worth it, there are better standalone airdrops that doesn't require KYC
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BitSails.com
Copper Member
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July 02, 2020, 04:08:45 PM |
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The problem is that too many people thinks that free money exists for real!
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batang_bitcoin
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July 02, 2020, 05:37:43 PM |
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The problem is that too many people thinks that free money exists for real!
Actually it exists but people are too gullible to follow those easy steps that they are giving. And after all of those years where most of the free money was reliable but this time, it's not anymore. It's bad that many of them still believe with ico airdrops and only take their identities for the sake of not valuable tokens. They are also adding disappointment to those people if the project fails, they will get nothing.
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Hellkas
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July 02, 2020, 06:43:57 PM |
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I suppose everybody who has ever participated in airdrops of different projects faced to this situation. Most projects just die before airdrop payments or they don`t want to pay tokens and try to find excuse to delay distribution. I think airdrops is really bad way of marketing for projects and earning for common users and it doesn`t work now
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xZork
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July 02, 2020, 06:57:57 PM |
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Lol, very funny, but honestly I still join airdrops till date and I don't depend on any, I just join for fun of it but judging from my experience some airdrops did surprised me and some performed worse just like I expected, since we can't read the future it won't hurt to try.
I agree, sometimes we can do aridrop as entertainment, but there are some aridrop that actually pay you a small amount. Of course I won't do KYC for any aridrop, even I will try to stay away from bonus programs that require KYC.
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acdc
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July 02, 2020, 07:07:37 PM |
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KYC for airdrops? That's too much for me, I don't even join bounties that requires KYC not to talk of airdrops, the reward will be low that's certain, giving up KYC in bounties is better than airdrops
I think KYC in the bonus is not better than KYC in aridrop. Many bonus programs require KYCs with winged promises, but people end up receiving a pile of rubbish.
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ameliana
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July 02, 2020, 07:09:07 PM |
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that's the first reason why I stopped participating in the airdrops campaign, because most of them were just bullshit. especially with airdrops that require participants to pay or complete KYC tasks. this will only irritate you.
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bitcoin-shark
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July 02, 2020, 07:16:29 PM |
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it might also seem like a funny story but it is a fact that is repeated for many airdrops first asking for personal data, kyc procedure and then disappearing without releasing anything, one must be careful and inquire first about who proposes these airdrops...
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dentolas
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arcs-chain.com
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July 02, 2020, 08:26:38 PM |
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Great story... and yes, I think that most of us can relate to this in one way or another, the crypto world is full of CRAP unfortunately... I never go through kyc for bounties or airdrops, personal information is something that should be taken serious, people spread it around too easily... As for the airdrops, even if they are legit, they usually have no value... but it doesn't hurt to get a free drop every onece in a while...
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Wingsbtc
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July 02, 2020, 09:40:31 PM |
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Some Airdrops aren't real, they are run by scammers who only want to get their hands on your I.D through asking for KYC verification, once they get hold of your I.D it's good buy, they will make money out of your I.D and sell them off
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GreatArkansas
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July 02, 2020, 10:17:04 PM |
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Well, that situation is really true. Lot of people who already experienced that. Not only for those airdrop hunters but also those bounty hunters who really work hard just to get those rewards, like joining in a social media campaigns, creating some blog or articles, creating promotion videos, or translation. Well, those kinds of work are much sick compare to some airdroppers who only fill out the form and wait.
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