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Author Topic: Proof that airdrops never work ...  (Read 328 times)
spy100 (OP)
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October 26, 2021, 03:21:55 PM
Last edit: October 26, 2021, 05:25:59 PM by spy100
 #1

Airdrops are a waste of time ...here is the proof ...best way is to leave the coin / token grow naturally ...
https://stellar.expert/explorer/public/asset/TACA-GDEDZ7GXTLA7I5IG7ZAAJW7VTLM7IWQIQM4NEQTZTWDTJRFYACO3TDKC?filter=offers


I hope airdrop hunters get the point  Grin

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October 26, 2021, 03:48:05 PM
 #2

Airdrops are actually waste of time, but not only a waste of time, but also waste of energy devoted to it. Although, I noticed newbies are the ones that prefer airdrops, they do it for sometimes and leave.

The worst part about airdrops is scam. Scammers are still making use of free giveaways. Some scammers will request for VIP fee to be paid to certain address before releasing the airdrops, the victim will pay but the scammers will not release any airdrop coin and the victim is scammed.

Another airdrop scam is for the victim to pay certain amount of money and the scammers will promise to double it. Who does that? The victim will pay and the scammers will have an exit scam.

Another scam is phishing attack, this is done by providing your personal information like email to receive an airdrop coin. Funny it will be if no coin is given and yet your information is given to them (scammers) which can be used to send phishing emails to you. The person will receive the email that will be linked to malware download or that will bring up space to fill in your seed phrase, the leading to scam if the seed phrase is provided.

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October 26, 2021, 03:54:50 PM
 #3

Airdrops are actually waste of time, but not only a waste of time, but also waste of energy devoted to it. Although, I noticed newbies are the ones that prefer airdrops, they do it for sometimes and leave.

The worst part about airdrops is scam. Scammers are still making use of free giveaways. Some scammers will request for VIP fee to be paid to certain address before releasing the airdrops, the victim will pay but the scammers will not release any airdrop coin and the victim is scammed.

Another airdrop scam is for the victim to pay certain amount of money and the scammers will promise to double it. Who does that? The victim will pay and the scammers will have an exit scam.

Another scam is phishing attack, this is done by providing your personal information like email to receive an airdrop coin. Funny it will be if no coin is given and yet your information is given to them (scammers) which can be used to send phishing emails to you. The person will receive the email that will be linked to malware download or that will bring up space to fill in your seed phrase, the leading to scam if the seed phrase is provided.

That is my token  Grin ... had to drop the price to low as possible to get rid of the "weeds" ... from airdrop campaign ...now i will raise price again ...and let it go naturally ... demand and supply ...

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October 26, 2021, 03:56:08 PM
 #4

Well the worth that those airdrops have, even more fee is required to transfer them to an exchange, so airdops are completely useless because of this
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October 26, 2021, 04:54:48 PM
 #5

Some scammers will request for VIP fee to be paid to certain address before releasing the airdrops, the victim will pay but the scammers will not release any airdrop coin and the victim is scammed.

Another airdrop scam is for the victim to pay certain amount of money and the scammers will promise to double it. Who does that? The victim will pay and the scammers will have an exit scam.
Airdrops are supposed to be free tokens, correct?  The scenarios you described above sound like they'd only be taken advantage of by people who are completely ignorant of what airdrops are. 

Honestly, I don't know how they work because I've never participated in any of them.  I remember they used to be really hot back in 2018 or thereabouts, and the forum used to have what seemed like endless threads devoted to them--and then it just dropped off a cliff.  Can someone explain what the screenshot in OP's post is showing?  In particular, I don't know what "removed trustline" means.

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October 26, 2021, 05:06:10 PM
 #6

I see it also that it is a waste of time. Back in 2017 when it was ICO and airdrop craze just like a new stuff that came into town , most members did sign ups but having realized that they weren't getting the promises in delivering or getting worthless coin and not listed. ICO is the umbrella body for airdrop and now that it is glaring to everyone that it is exit scam (most), the airdrop craze too has dropped only newbies looking desperate go after the shit promise but come to express regret.

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October 26, 2021, 05:28:29 PM
 #7

I guess I need to agree with you because I am not seeing any of coins/tokens are sustaining with initial airdrop.

Random airdrop to everyone --> will definitely fail.

Airdrop to deserved people/wallet --> may sustain if everything else works.

The first airdrop I have participated/ got qualified was Clam coins. They airdropped clam coins to all the holders of BTC, LTC and Doge coin holders based on number of addys. Clam was a POS coin but it seemed no one was interested to hold and stake.

Then I have seen BCH fork and their free coins to all BTC holders based on amount of BTC. It got failed or failing due to faketoshi reasons.

If you ask me, no altcoin may sustain.

If you asked what was the best altcoin some 5 years back then I would have answered like LTC but people will say Ethereum and I am sure in next 5 years people will say something new.

Altcoins themselves are not sustaining and airdrops alone not a reason IMO.

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October 26, 2021, 06:02:07 PM
 #8

Some scammers will request for VIP fee to be paid to certain address before releasing the airdrops, the victim will pay but the scammers will not release any airdrop coin and the victim is scammed.

Another airdrop scam is for the victim to pay certain amount of money and the scammers will promise to double it. Who does that? The victim will pay and the scammers will have an exit scam.
Airdrops are supposed to be free tokens, correct?  The scenarios you described above sound like they'd only be taken advantage of by people who are completely ignorant of what airdrops are. 

Honestly, I don't know how they work because I've never participated in any of them.  I remember they used to be really hot back in 2018 or thereabouts, and the forum used to have what seemed like endless threads devoted to them--and then it just dropped off a cliff.  Can someone explain what the screenshot in OP's post is showing?  In particular, I don't know what "removed trustline" means.
Based of on screenshots specially that on memo text area then it do indirectly showing off or telling that airdrops are shit and supposed to treat of that on
manner which is actually true.I had several experiences on joining those airdrops and you are right that it is way back in 2017-2018 where those airdrops
are really making out some noise in the market on which they are totally free and been given without any strings attached which unlike now that
they are even asking for some verification and some money for passing those shitty tokens.

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October 26, 2021, 06:09:52 PM
 #9

It's no longer 2017, that time every airdrop was worth like hundreds or even thousands of dollars. But in 2018 and onwards projects and bounty hunters themselves are to blame for putting a bad reputation on airdrops. So I guess the OP just put up another proof here, but majority of us here doesn't do any airdrops anymore because you are just wasting your time, plus there are scammers asking for you to deposit first before getting any airdrops and then they require KYC too, Lol.

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October 26, 2021, 06:24:28 PM
 #10

Airdrops are a waste of time..
Not all airdrops are a waste of time. There are also some worthy airdrops. Do you participate in UNI, BIRB and LunaLand airdrops? These are the examples of some worthy airdrops. But it is hard to find the worthy airdrops.
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October 26, 2021, 08:16:41 PM
 #11

Airdrops are supposed to be free tokens, correct?  The scenarios you described above sound like they'd only be taken advantage of by people who are completely ignorant of what airdrops are.
Yes. There was someone that introduced me to a group on Telegram when I was newbie, the group was all about airdrops. The daily updates of new airdrops made it suspicious, I joined with thinking of not to provide kyc or email if required, no email required but I was told to pay VIP fee. I researched further to know it could result to scam. Also during the time I knew about how some airdrops would request for email (and maybe people's personal information also). Many phishing email will definitely be as a result of this while the attacker knows that newbies/novices like airdrops and that they can easily be a victim of phishing attack.

Can someone explain what the screenshot in OP's post is showing?  In particular, I don't know what "removed trustline" means.
Because Stellar Lumen (XLM) address starts form G, I started to guess that token above (TacaliCoin shortened as TACA) is a token built on XLM blockchain which is distributed as airdrop. But I do not also understand about the 'remove trustline'.

Not all airdrops are a waste of time.
But we should be careful of airdrops, some can be profitable but some can also directly or indirectly lead to scam, but few experienced bounty hunters knows how to avoid such scams while newbies are susceptible.

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October 26, 2021, 08:30:56 PM
 #12

Airdrops are a waste of time ...here is the proof ...best way is to leave the coin / token grow naturally ...
https://stellar.expert/explorer/public/asset/TACA-GDEDZ7GXTLA7I5IG7ZAAJW7VTLM7IWQIQM4NEQTZTWDTJRFYACO3TDKC?filter=offers

I hope airdrop hunters get the point  Grin

While I have never participated in an "airdrop" of any kind, it seems very ignorant to claim that they have never worked or will never work again in future. The whole basis of it is to get a new altcoin currency into the market as a starting point for circulation. I would not pay money for this type of promotion, but if you're able to get it for free then it's probably worth taking if little other efforts are involved. You're highly unlikely to get rich from such activities but most people might be happy of one out of a thousand managed to give you a few hundred bucks, unfortunately few people are willing to hold on to the cryptocurrencies long enough to see a decent return - if they ever do take off. Just look at Dogecoin - it used to be given away in the tens and hundreds of thousands as a joke, then those amounts became worth thousands of dollars.

R


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October 26, 2021, 08:59:45 PM
 #13

People are still thinking if airdrops are worth it since to them it's just free money and who knows if someday it'll become hundreds to thousands. The experience of others makes them optimistic about airdrops because they wouldn't know if it's going to click or not.
I don't waste my time in airdrops and they're just a couple of sent and what's worse is that they'll ask your identity for those pennies.



 

 

 

 

 

 


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October 26, 2021, 09:14:43 PM
 #14

Airdrop might be a waste of time for you  @OP but not for many that are just getting introduced into the crypto space. And moreover, some projects but very few still stay reasonable amount as airdrop. I recently got selected for a pay of over $70 as airdrop.

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October 26, 2021, 09:20:57 PM
 #15

Not all airdrops are a waste of time. There are also some worthy airdrops. Do you participate in UNI, BIRB and LunaLand airdrops? These are the examples of some worthy airdrops. But it is hard to find the worthy airdrops.
I agree with you, a few airdrops are worthy. Unfortunately, they are difficult to find, and most airdrops just give us cents or scams. I only join airdrops that are provided by good crypto platforms. We can know it is good or not from many aspects, one of them may be from his partnership. I ever joined TKO airdrop, TKO is Tokocrypto coin. Tokocrypto has a partnership with Binance. There are many people who get big money from the airdrops, I think you ever heard it. It is one of the real examples of a worthy airdrop.
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October 26, 2021, 09:36:40 PM
 #16

I was originally an airdrop follower and even always did whatever it took to get and find a good airdrop.
but the longer I get bored, my time and energy is wasted here.
indeed until now there are still some airdrops that are definitely good but the comparison is too big, maybe even 1:10 or maybe 1:100 because this airdrop is very vulnerable to scams.
I don't really follow the development of airdrops anymore because I think the results are still the same, it's useless because we have to be really lucky and really look for good airdrops
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October 26, 2021, 10:46:38 PM
 #17

Airdrops are a waste of time ...here is the proof ...best way is to leave the coin / token grow naturally ...
https://stellar.expert/explorer/public/asset/TACA-GDEDZ7GXTLA7I5IG7ZAAJW7VTLM7IWQIQM4NEQTZTWDTJRFYACO3TDKC?filter=offers


I hope airdrop hunters get the point  Grin

Yes, the worst part of the airdrop is the scam. Scammers are still taking advantage of the free bonus. Most newbies like to do aridrop but it's really just a very small value compared to what they imagine and I don't think it will be worth it. great value in the future. some scammers take advantage of airdrops to promote projects to new people they are willing to share and heavily advertise a project with airdop that has no value at all. On the contrary there are some very high value aridrops recently I airdrop from EGG Dusk initially the airdrop is only worth 25$ 1 egg but later the value is x 100 including x150 I don't completely deny the airdrops are all worthless value.

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October 26, 2021, 11:29:38 PM
 #18

Airdrops are a waste of time ...here is the proof ...best way is to leave the coin / token grow naturally ...
Airdrops are worthless in the first place. They put some (fake) proof of transaction just for sake of market attraction but this never works definitely for us. Maybe for those greedy people and newcomers but not us who are aware of such a strategy.

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I hope airdrop hunters get the point  Grin

I hope also but can't stop them if they want. They soon just realize their wrongdoings after and have learned from them when they experience. It was a common scenario that we saw/hear and it always comes in the end.

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October 26, 2021, 11:58:24 PM
 #19

Airdrop might be a waste of time for you  @OP but not for many that are just getting introduced into the crypto space. And moreover, some projects but very few still stay reasonable amount as airdrop. I recently got selected for a pay of over $70 as airdrop.
Nah, you must be just lucky to receive that but majority of these airdrops are shit tokens which is stuck in your wallet forever. It's a total waste of time imo since you are more likely searching a needle on a haystack and I bet someone must be asking you to join in a telegram or discord for future airdrop but most of them are totally useless unless if they have an existing project that they continue to work. In addition, scammers nowadays are asking deposit first before releasing the airdrop which is not that worthy much and could lead to a scam. So avoid them if you care for your money.

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October 27, 2021, 12:51:15 AM
 #20

Yes really waste time with airdrop. It created a lot of negativity in this market, I once talked to the moderator of a project about how their airdrop is very wasteful and damaging to the project, but they still accept it Smiley
There are some perfect value creation cases and I see real value in that, but we still have to acknowledge the fact that the waste is huge for airdrops. However, this is still considered a good idea for projects to attract users to them, and many assholes have abused it to turn the airdrop into bullshit. Free money will only be considered as free money.

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