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Author Topic: AIRDROPS ARE NO LONGER VIABLE  (Read 942 times)
BayAngelo
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October 27, 2020, 03:52:00 PM
Merited by tk808 (3), masulum (1)
 #1

Long time ago in this history of crypto currency, the community behind most successful project are been rewarded for their commitment and dedication toward a project by joining their social platform. they contribute on way forward on how the project is been designed and how it will look attractive. Most project rewards the community tru Airdrops and so many other options like stake drop, luckdrop.

These days crypto project attracts members to increase the size of the social media platform by creating FAKE Airdrops with out any plan of distribution but a means to lurk individuals seeking for airdrops and nothing to offer to the platform. this step has improvise scammers these days. they create group, claim Airdrops and allow gullible members to flock their groups. which after, they conduct pre-sales. and then close shop. shut down accounts and prepare for another round.

Summary of the current thrend scammers are using nowadays to steal from gullible and greedy crypto Lovers.
OPEN new social media accounts.
claim airdrops and listing on uniswap.
conduct fake pre sales with little contribution.
then shut down accounts disappear.

Reappear again after rebranding their platform.

Uniswap ,a free listing decentralized exchange. it cost them nothing to dump their token even if it get listed.

Stay awake. make sure you research properly any project you intend to send money to claim anything. they migh dissappear and make sure you send what you can afford to loose even if you want to give it a shot.  Grin Grin

Last before i leave. imagine 3000 people sending 0.001eth to a wallet. it looks cheap but someone is about to become a millionaire within seconds.
Just think before you send that money. 0.001eth  could worth hundreds of dollars in the future.

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October 27, 2020, 04:57:31 PM
 #2

Everything you say is  true, here if we talk about airdrops, we need to pay attention not only to the promise of the token value that we have to look for. But, caution in registering for airdrops must also be considered. Especially if we have social media friends who are investors. Those who see what we share then invest, so this can result in losses for our friends.

Airdrops that have to pay, whatever the value is not airdrops, everyone must remember that. Do not because of the promise of a high token value, then we are accepted to send with the excuse that "we only have little value to spend".

We are currently in a period of Yield Farming hype, be careful to claim airdrops by connecting your wallets. Because, there are cases that have occurred recently, the access permission from wallet to platform makes it easy for scammers to steal assets in our wallets.

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October 27, 2020, 07:44:49 PM
 #3

Airdrops that have to pay, whatever the value is not airdrops, everyone must remember that. Do not because of the promise of a high token value, then we are accepted to send with the excuse that "we only have little value to spend".
"Airdrop is a token giveaway", that's the saying.
For beginners, you can simply understand it at the distribution of 400 UNI airdrops from Uniswap and it is purely given to the community for free as a token of appreciation for supporting their exchange. If the airdrop asks for payment regardless of the nominal, then mark it red because the team is preparing to run after the donation has been collected.
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October 27, 2020, 10:11:50 PM
 #4

Airdrops have been useless for years. The big time of the Airdrops was 2016 to 2018. Today's Airdrops are only there to get some attention. Accordingly, the values are low. There are only a very few good airdrops like Uniswap where everyone recently got almost $2000 for free. The Airdrop was not announced but distributed to those who had recently traded on the decentralized stock exchange.

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October 27, 2020, 10:38:46 PM
 #5

This is just true, airdrops nowadays are not worth it in any way, or better still those that are worth it are just few in number and hardly comes out like others. The current thread you described is right as well, this is because by checking the twitter page, you will realized that the date of creation is just recent, also checking the telegram group, you will also realize that, the group is just new and lacks any tangible Information about the proposed project. Another thread I want to add is, creating of token with limited supply so as to make it look catchy, this of course will attract people who believes the token will pump easily on listing thus participating in the pre sale.
Therefore, in my own opinion, it is right time to be careful of most airdrops nowadays, some asks for ETH as gas fees and some might even ask for private keys.

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October 27, 2020, 10:44:54 PM
 #6

why can you say that? From my point of view now Airdrop is more valuable, did you miss the airdrop from UNI? and other Defi tokens? It is very unfortunate, now there are many airdrops from the Defi project, but indeed many are scams, you can follow all the airdrops, and wait for distribution,
all the information is on telegram, there are many channels about the latest airdrop.

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October 27, 2020, 10:57:54 PM
 #7

Airdrops have been useless for years. The big time of the Airdrops was 2016 to 2018. Today's Airdrops are only there to get some attention. Accordingly, the values are low. There are only a very few good airdrops like Uniswap where everyone recently got almost $2000 for free. The Airdrop was not announced but distributed to those who had recently traded on the decentralized stock exchange.

I didn't know about Uniswap. That is an amazing value for an airdrop.

But I disagree that airdrops are useless. They are mostly useless for bounty hunters, but they are very useful for those companies.

Airdrops are mostly used to inflate companies database with customers. They will just collect all your data and give a worthless token in return. Then they will sell that data or just inflate their numbers with customers and investors.

I never take part in any airdrop. unless if it is very easy to do and kyc-free and paying with some instant tradeable token.

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October 27, 2020, 11:14:16 PM
 #8

why can you say that? From my point of view now Airdrop is more valuable, did you miss the airdrop from UNI? and other Defi tokens? It is very unfortunate, now there are many airdrops from the Defi project, but indeed many are scams, you can follow all the airdrops, and wait for distribution,
all the information is on telegram, there are many channels about the latest airdrop.

Maybe only for few tokens and in particular UNI, but all the rest, not worth your time and effort.
Unless, you have nothing to do all day but look for these airdrops.
One should also be careful if some of them are asking for your KYC.
Most of them will end up pennies and you just sent your vital info to them, where you don't know will end up with.
And when the time comes of trading your free coins, you will find out that the tx fees is higher than what you can actually get.

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October 27, 2020, 11:23:05 PM
 #9

Airdrops have been useless for years. The big time of the Airdrops was 2016 to 2018. Today's Airdrops are only there to get some attention. Accordingly, the values are low. There are only a very few good airdrops like Uniswap where everyone recently got almost $2000 for free. The Airdrop was not announced but distributed to those who had recently traded on the decentralized stock exchange.

I didn't know about Uniswap. That is an amazing value for an airdrop.

But I disagree that airdrops are useless. They are mostly useless for bounty hunters, but they are very useful for those companies.

Airdrops are mostly used to inflate companies database with customers. They will just collect all your data and give a worthless token in return. Then they will sell that data or just inflate their numbers with customers and investors.

I never take part in any airdrop. unless if it is very easy to do and kyc-free and paying with some instant tradeable token.

yeah, they just want to boosting their social media with a cheap prices, even for free (for giving worthless tokens). there are some airdrops that require us to submit KYC too. they give us the reason that the KYC is to avoid some cheater in the airdrops. but i think KYC is not the only the solutions. submitting KYC in airdrops is too dangerous.
i can say that Uniswap airdrop is the best airdrop for this year. they didn't require you to submit the KYC, but it gives you a big money for free. now, so many airdrop plagiarize the uniswap airdrop methods, but they become a worthless and scam tokens in the end.

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October 27, 2020, 11:23:09 PM
 #10

I've wasted a lot of time in airdrops before, can't forget it. I feel that was a stupid thing to do waiting for the glory that it becomes listed to exchanges, having a market value but somehow, nothing it happens. How pity is that?

And after that time, I keep ignoring them. It makes no sense listening to them, following in telegram in order to get updated. It is just like we've been fooled, like a hungry dog waiting for his owner to feed him.

I don't stop people participating in airdrops but I have to say this, DON"T expect something from them as well. It is just like a souvenir from their fake project.

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October 28, 2020, 02:22:22 AM
 #11

Today's airdrop is not profitable at all, fraudulent schemes have been around since the ICO trend in 2018,
it's better not to follow the airdrop at all, especially airdrops that require KYC, even if the airdrop pays are you sure the value is in accordance with your personal data?
whatever the reason today, airdrops are no longer profitable,
exceptions for airdrops on well-known platforms and not needing KYC can be followed, because it guarantees big profits like UNISWAP.

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October 28, 2020, 02:49:08 AM
 #12


Summary of the current thrend scammers are using nowadays to steal from gullible and greedy crypto Lovers.
OPEN new social media accounts.
claim airdrops and listing on uniswap.
conduct fake pre sales with little contribution.
then shut down accounts disappear.

Reappear again after rebranding their platform.





Very good analysis and summary this is what actually happening now, they are abusing the system and they always find a way to scam people, if one project using the same method suddenly vanish, you should make sure that all the similar projects are not going to do this to you be alarm read a lot check out the report in the scam sections and here in altcoins, don't be the last to know, an ounce of prevention is better than a pound of cure.



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October 28, 2020, 03:06:01 AM
 #13

Free money is no longer available in the crypto space. Smiley

Never ever look for free money when there is a lot of other easy ways in the crypto space, each new projects were created with the purpose of dumping their tokens once it reaches good value so there is no point of trusting them for the long term and also investing on short term holds more risk that returns from it.

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October 28, 2020, 03:15:04 AM
 #14

Airdrops don't last long now most of the airdrops are being scammed due to which their man has gone down a lot if the airdrop lasts too long it is at risk the value of the tokens is greatly reduced to keep them for too long and throw away personal information and data by kyc. That's why it's best to stay away from airdrops there are many platforms for working in crypto and it is a good way to look for them.
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October 28, 2020, 03:21:13 AM
 #15

Just remember if any airdrop that has forced the participants to send a small amount of money can be considered as a scam, I know what you meant about the scammers were trying to make the participants to send small amount of ethereum but the scammers were calculating it based on the quantity.
This strategy used by a lot of scammers too but it's very sad there will always be the airdrop participants who have been getting plunged into this trap.

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October 28, 2020, 04:07:03 AM
 #16

Last before i leave. imagine 3000 people sending 0.001eth to a wallet. it looks cheap but someone is about to become a millionaire within seconds.
Just think before you send that money. 0.001eth  could worth hundreds of dollars in the future.

If a project demands anything besides your wallet address then it's not airdrop anymore but a bounty campaign. Immediately stay away from this kind of things. It's pretty common sense at this point that we shouldn't just send away our money to something claiming to give something more valuable. Airdrop is a form of marketing, they should shoulder the gas fee if they want people to use their coin/token.

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October 28, 2020, 04:16:16 AM
 #17

As far as I am concerned, Airdrops were dead since 2018. 2017 was the best years for small airdrops as good traders were able to sell their assets and many were able to earn so much during the time. But come 2018 the year after the bullrun and the bubble burst for Bitcoin, many of the airdrops were merely scams and some of them just give plain shitcoins with little or no value. That affected the investors trust with Airdrops and since then we have been seeing many threads about this, being discussed over and over, like your post. Maybe this is to remind people about being careful investors.



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October 28, 2020, 04:25:39 AM
 #18

airdrop but you have to pay, or airdrop that requires KYC, all of that is not an airdrop. it was clearly a scam. After all, airdrops are irrelevant now. token or coin from airdrop has no value, so why should we pay attention to airdrop again. currently there are no airdrops that can provide benefits, airdrops are just a waste of time.
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October 28, 2020, 04:29:13 AM
 #19


Airdrops that have to pay, whatever the value is not airdrops, everyone must remember that. Do not because of the promise of a high token value, then we are accepted to send with the excuse that "we only have little value to spend".

Unfortunately, many are still deceived by them thinking it is not a big deal to send just a few cent's to get a bigger one, looks like a gambling but in fact not,
and this is many done via the Telegram platform, the method is very easy, just by submit the wallet and referring other people.
The high fee network is also the reason scammers often use this to say it's for network fees
Like what OP said just a few cent but can be thousands who send it then will be of significant amount what a scammer get.

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October 28, 2020, 05:12:52 AM
 #20

Airdrop is supposed to be free. I stopped joining airdrops since the number of scam projects increased gigantically. But, I am not saying all airdrops are worthless, there are still hidden gems out there. There are thousands of airdrop spammers out there, so no wonder scammers are taking advantage of it to promote/advertise a project since they have nothing to lose. Just make sure to do your research before supporting a project or even just joining airdrops.
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