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Author Topic: AIRDROPS ARE NO LONGER VIABLE  (Read 980 times)
whiteblue
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October 30, 2020, 01:23:29 PM
 #81

So far I have not participated in Airdrops anymore because the results from Airdrops are not as good as before, I turn to AMA session events in various projects as the best step to get a little income, Yes this certainly works because every AMA session event if we come out as winners we can  get a huge reward of $ 100 dollars.
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October 30, 2020, 01:53:00 PM
 #82

For the current airdrop, I am more silent and don't follow it because there are many valuable,
many of all the existing drops are fake, only taking data from the participants who follow them,
now more airdrops are worthless which only waste a lot of time.
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October 30, 2020, 02:28:52 PM
 #83

As I always check my wallet are lots of token came from AirDrop and they are worth nothing. Airdrops are no longer worthy to joined these days but you will still see new project pop up and still many who joined. Fraud project still existing so people should do diligence before joining it.
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October 30, 2020, 04:10:37 PM
 #84

As I always check my wallet are lots of token came from AirDrop and they are worth nothing. Airdrops are no longer worthy to joined these days but you will still see new project pop up and still many who joined. Fraud project still existing so people should do diligence before joining it.
I have many kinds of airdrop coin in my wallet and keep existing until right now because many my coin assets is not have value and not listing on exchange market, I never give up for joining other airdrop project campaign although in my wallet have more twenty kinds of coin airdrop not have value. I think like playing dice some time we will get lucky and become the winner with jack pot and the same thing happen when you join airdrop project, more than ten airdrop project joining I think have one until three airdrop potential have higher price and listing with bigger exchange market, so never give for joining airdrop project but always check how their media social account for the firstly.

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October 30, 2020, 04:44:15 PM
 #85

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.

I remember that time very well.(2017) Then I was able to earn several tens of thousands of dollars. And since January 2018, approximately 95% have been scammers. There are few good projects right now. In addition to UNI, I also noticed Cartesi, they had good payouts. Also I expect something from JACS

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October 30, 2020, 05:05:52 PM
 #86

1. Don't send any penny to any airdrop project asking you to pay first, even if it's just 0.5$ do not send, imagine if thousands of people send 0.50$ per one head for tokens that's Definitely going to be worthless, that's huge money

2. Airdrops is not necessary most times, that's why majority of top projects don't bother using Airdrops, only very few people are interested in Airdrops now because most times they are complete waste of time.
Do people actually fall for these kinds of schemes? I mean come on. Airdrops were still like 2017 especially when ICO boomed and got plenty of reputation to the crypto community.
My trust to airdrops just went below the line when even ICOs started to fall back then.
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October 30, 2020, 05:59:06 PM
 #87

They were never viable in my opinion, if a few campaigns have paid good via airdrops that does not mean all airdrops would be like that the hard fact is that almost 99% airdrops are either scam or have no value.

That's wrong. There were phases where you could have made a couple of thousands of Dollars a week just through bounties. This sounds unbelievable but it was the case in 2017. Simple airdrops brought you $100,$300,$500 each, sometimes a lot more. Those times are over but you can not claim there were not such times.
On the contrary, the time when airdrops a good fund are still exist but the problem started from newbies and bounty spammers. Mind you, if bounty hunters elevate their knowledge about crypto and also know how to choose a good project while the bounty manager also have bounty participants restrictions there will be enough rewards for bounty hunters.
Second, there are huge airdrop giveaway organised for Dev and people C++ knowledge.
I'm pretty sure that the majority of airdrop participants are not newbies, It is the abusers that saw the airdrop is profitable. Logically it is the right thing to do but abusers are just here in the crypto for easy money and not for the proper knowledge in crypto. There are few restrictions for bounty campaigns not to be abused but the bounty hunters are smart enough to find ways on how to bypass those restrictions. This is why most of the airdrops giveaways non-valued tokens because the token is distributed on profit chasing abusers.
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October 30, 2020, 05:59:22 PM
 #88

The more and more fake airdrops like that will certainly harm many people.
Scammers are targeting people who are not familiar with what they are doing. Creating projects with new coins like the hype DeFi coins is really easy. They sell their coins for a fairly cheap price and then many are interested and then up to a few percent. However, when the price was getting high they suddenly disappeared. Incidents like that happened very often.

To avoid such incidents, it is better to do an analysis first. 0.001 ETH is not a big deal, but multiplied by the thousands of transactions made it will make the scam coin maker rich.
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October 31, 2020, 01:28:56 PM
 #89

They were never viable in my opinion, if a few campaigns have paid good via airdrops that does not mean all airdrops would be like that the hard fact is that almost 99% airdrops are either scam or have no value.

That's wrong. There were phases where you could have made a couple of thousands of Dollars a week just through bounties. This sounds unbelievable but it was the case in 2017. Simple airdrops brought you $100,$300,$500 each, sometimes a lot more. Those times are over but you can not claim there were not such times.
On the contrary, the time when airdrops pay a good fund are still in existense but the problem started from newbies and bounty spammers. Mind you, if bounty hunters elevate their knowledge about crypto and also know how to choose a good project while the bounty manager also have bounty participants restrictions there will be enough rewards for bounty hunters.
Second, there are huge airdrop giveaway organised for Dev and people C++ knowledge.
I'm pretty sure that the majority of airdrop participants are not newbies, It is the abusers that saw the airdrop is profitable. Logically it is the right thing to do but abusers are just here in the crypto for easy money and not for the proper knowledge in crypto. There are few restrictions for bounty campaigns not to be abused but the bounty hunters are smart enough to find ways on how to bypass those restrictions. This is why most of the airdrops giveaways non-valued tokens because the token is distributed on profit chasing abusers.
It reasonable that newbies are not the only airdrop participants cause 95% of all crypto enthusiast are into it for the profit involved and I am also aware that some crypto abuser sometimes sees airdrop and bounty as a way for them to make quick bucks which we have some forum users that expose some account. But, despite all this issue if bounty manager could hire someone who will act as investigators theres chance to limit bounty abusers.

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November 01, 2020, 12:30:55 PM
 #90

Airdrop means getting a free token from a certain project by doing some tasks, it says FREE you don't need to pay anything. But with the hype of DEFI projects now most participants of airdrop send some eth to pay for their gas. This is not advisable but participants use to do it hoping the value of their token will reward them a lot. Just be careful in joining such airdrop.
Nothing is free, even with aridrop you need to spend time working on it. Usually aridrop participants will have to follow tw and join the telegram group.
And with the aridrops at this point of time being wasted on them, we can use that time to do more useful things.
Yes, that's why I said getting FREE tokens as a reward by doing some tasks for a certain project. I am referring to the reward that you will be getting in expense to the tasks that you will be doing and of course when you get the reward you need to spend some for the gas fee. The hype of DEFI project always requires to send some eth as a gas fee before they can receive their reward tokens and for me, that's a big NO, I have seen users who did that and in the end, they lose  only those fees they sent.
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November 02, 2020, 08:03:49 AM
 #91

We should be careful of new projects that listed on uniswap.
Uniswap is a decentralized exchange, anyone can list token in decentralized exchange indeed.
Even scammers can make fake token of existing project, luring people to buy the fake token to steal their money.

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November 02, 2020, 07:14:26 PM
 #92

Airdrop shouldn't really be a good source of income to begin with. Let's take a look at what you do with airdrops? I can find some right now on airdrop directories, it shows that I have to like their tweet, I have to like their facebook page, I have to follow their instagram, I have to join their telegram.

These are the most common ones and usually ends up with all of them being like this, you can have additions on top of this like bitcointalk signature bounty or maybe there is a tweet where you have to follow them, retweet them, like their tweet and reply with tagging 5 different people? That is an airdrop too. All of these are not that much work at all, these are things you can do in under 10 minutes, how much money did you think you could get for something so quick and easy to do? I think few dollars is more than enough.

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November 02, 2020, 10:29:42 PM
 #93

This is absolutely true, I can't help but think quality airdrops are gone and gone for, life there is no way we can get back those quality airdrop like in 2016 and 2017, nowadays airdrops are overrunned by scammers with tons of scam projects everywhere, one of the most common one these days is that after the campaign ends and you have successfully completed the airdrop task, they will say they suspect some participants are cheating that each participant should send some amount of crypto to confirm, before they can be given the token, all this are scam techniques,lets just face it there are no longer good airdrops any more.

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November 02, 2020, 10:43:42 PM
 #94

Airdrop shouldn't really be a good source of income to begin with. Let's take a look at what you do with airdrops? I can find some right now on airdrop directories, it shows that I have to like their tweet, I have to like their facebook page, I have to follow their instagram, I have to join their telegram.

These are the most common ones and usually ends up with all of them being like this, you can have additions on top of this like bitcointalk signature bounty or maybe there is a tweet where you have to follow them, retweet them, like their tweet and reply with tagging 5 different people? That is an airdrop too. All of these are not that much work at all, these are things you can do in under 10 minutes, how much money did you think you could get for something so quick and easy to do? I think few dollars is more than enough.

Should treat as extra extra source of income, treat as if they don't exist. And be grateful if in case they will get value in exchanges. Because most of the time, they are just wasting your resources and time, filter at least these projects before sending any info of yours. And for those which are asking KYC, don't be enticed by big promises because there's no free money these days. They may use your info for other purposes.
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November 02, 2020, 11:45:28 PM
 #95

I think the rule is never pay for an airdrop sure you can claim it from a smart contract if and only if is worthy enough Dont waste your gas trying to get airdropped 2$ with potential to grow You will surprise the length people go to scam you so I think best thing is to be very careful

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November 03, 2020, 04:22:08 AM
 #96

Now there are still many airdrops, and I really avoid airdrops that require KYC for the participants. Especially if we are required to send some eth to the manager.
I smell this is a scam. We must always be careful with very large airdrop reward. However, it is possible that there will be airdrops that give huge prizes, but this rarely happens.


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November 03, 2020, 05:54:25 AM
 #97

Now there are still many airdrops, and I really avoid airdrops that require KYC for the participants. Especially if we are required to send some eth to the manager.
I smell this is a scam. We must always be careful with very large airdrop reward. However, it is possible that there will be airdrops that give huge prizes, but this rarely happens.
Even if it's a legit one, you should not do KYC in the first place. Especially if it just gives you few bucks but risking your identity. Who knows your identity could be used for illegal crimes.

Well, I have seen people does fake KYC in order to bypass the KYC system but I don't know how it works, but it's better than risking your data right?

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November 03, 2020, 06:42:28 AM
 #98

2017 and 2018 were golden years for airdrop and bounties, it was ICO hype times and every ICO even scam ones like bitconnect got pumped and they had big funding for airdrops and bounties, I don't think airdrop would worth it anymore, the new free money I can suggest you take a look at is yield farming by stable coins, You just need to lock your stable coins for a while and they give you the tokens after vesting time, Easyfi had such a program now APY.finance and OASIS protocol have the same programs, it is like airdrop, free and small money, but who knows may be their token price pumps after they got added to exchanges.
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November 03, 2020, 07:05:18 AM
 #99

That is nothing new. How come people expect the price of the tokens/coins go skyrocket after thousands of people receive them for free? Yet, people still go after those airdrops and waste their time. And yeah, even most of the airdrops require you to send something like 0.001 ETH to be eligible for the airdrop and sadly people still does that thinking the amount is nothing. But like you said, if thousands of people sends those amount, it eventually builds up to something huge. No matter how small the amount is, just trying out your luck means you are encouraging the scammers to scam more.

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SmartFi - EARN, LEND & TRADE


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November 03, 2020, 07:30:07 AM
 #100

These scammers are wise you know, how? They always make it look like you aren't spending much, that you are just spending what will be used to transfer your token, and as for the participants, some of them will feel 0.001eth is too small, then they will like to gamble, with their only backings being that, 0.001eth is too small for the reward that will be gotten after, but what if thousands send?.
But the main question is, who told them or what's the assurance that the anticipated reward will be worthy; they don't know rather they just gamble and the scammer is somewhere smiling at his wallet. People should understand that, a genuine airdrop will not ask people to send any form of payment for whatever reason, there is no other way around it. Yes, I agree with you again, by claiming the airdrop will list on Uniswap they succeeds in creating hype and attracting more people, thus more people to send 0.001eth.

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