Is it good to penalize airdrop hunters?

[AmoreJaz]

The only thing I see airdrop hunters are good in are the dumping of tokens. Apart from that nothing else. Airdrop hunters can make the price of a coin turn from $0.1cent to $0.004 within hours of distribution. The funniest part of it all is that they tend to dump the coin sent to their wallet at the same time.
The best way to follow airdrop hunters is to reward them with a small number of dollars that will be distributed after 3months of the ICO

but are you really sure with that? the percentage given to airdrop hunters is very small as compared to those buyers with very high bonuses or as compared with the dev team's possession. so if in case airdrop coins will make a dent on the market, it should be not that much or only short period of time. if the project is strong, it can easily goes up because the amount allotted for these airdrop hunters are only small.
what i noticed sometimes is the team will blame the hunters but if you look at the numbers, it is not the hunters who caused the decline but the team itself or the buyers who dumped their own coins. unless, the team is allotting more than 50% of their total supply to the hunters, which is not the case.

[Fivestar4everMVP]

I personally don't believe that airdrop hunters should be punished or penalized except if they do not follow the rules, and this aside, airdrop hunters are paid to do some manial jobs like following twitter and retweeting and linking post, joining telegram groups and other tasks, so this is to correct the op that money paid to airdrop hunters are not totally free, they are paid to perform a task which literally you won't have interest in without the incentive.

It is unethical to penalize or punish airdrop hunters who follow and fulfilled all the tasks required, you launched the campaign yourself, no one forced you to do it, why then should you turn and punish your customers???

[mumang siat]

Airdrops are a great way to attract people into newly-fond crypto projects. They're basically "free money" for not doing anything in return. Some projects have been widely successful after an airdrop, while others have gone all the way down the drain. There's been a upsurge of airdrop hunters looking to "milk rewards" from the system, effectively dumping all of their coins/tokens on the market for profit. While most projects have been quite flexible in the eligibility for an airdrop, one project decided to take the stand by adopting measures to prevent abuse. Parachain Swap's airdrop has been quite controversial as it only rewarded a small portion of its users. The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.

Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.

Many social media that affect new projects can develop, both facebook, twitter, instagram and other media, the maximum promotion method currently only uses social media, even many new projects that intentionally collaborate with certain media, but development must also be complemented properly, so that the binders really feel the project has a good future in the future.

[kawetsriyanto]

Well, we really can't deny that in airdrops, there are still many hunets with multi accounts.
1 person sometimes joins multiple accounts.
And this penalty may only be for those who are proven to have committed a violation. And this is the right for project teams to give their rewards or not to only those who deserve it.
But it may be more difficult to give strict selection.

[BuNga_cute]

The only thing I see airdrop hunters are good in are the dumping of tokens. Apart from that nothing else. Airdrop hunters can make the price of a coin turn from $0.1cent to $0.004 within hours of distribution. The funniest part of it all is that they tend to dump the coin sent to their wallet at the same time.
The best way to follow airdrop hunters is to reward them with a small number of dollars that will be distributed after 3months of the ICO

but are you really sure with that? the percentage given to airdrop hunters is very small as compared to those buyers with very high bonuses or as compared with the dev team's possession. so if in case airdrop coins will make a dent on the market, it should be not that much or only short period of time. if the project is strong, it can easily goes up because the amount allotted for these airdrop hunters are only small.
what i noticed sometimes is the team will blame the hunters but if you look at the numbers, it is not the hunters who caused the decline but the team itself or the buyers who dumped their own coins. unless, the team is allotting more than 50% of their total supply to the hunters, which is not the case.

It's not a wise thing if the price of new projects falls, blaming the airdrop hunters, because the airdrop allocation is usually very small in percentage.
So I agree with you, the possible cause of the price of new projects falling, because the project team itself cannot manage their projects properly.
Or these coins investors who usually buy in large quantities and immediately sell them all as soon as projects are listed on exchanges. That's
the most reasonable reason to make a new projects dump, so I don't agree with airdrop hunters being blamed for falling prices for new projects
when listing on exchanges. Moreover, it is impossible for new projects to dare to take the risk of allocating a large percentage of supply for airdrops.
If there are project teams that blame airdrop hunters, I think they just want to cover up their own mistakes, so as not to be blamed by investors.

[dark1234]

most airdrop hunters throw away their tokens after earning without looking at the market and doing some short work but that doesn't mean they should be penalized for that reason because they did the job a project defined and a project profited from it because of a retweet/share that so quickly spread in the media that it could attract several investors;possible...

[dothebeats]

Or perhaps just stop the idea of airdropping all in all? The thing is, a lot of people are joining airdrops for the money and not really adding some substance to the community. Kind of like robbers in broad daylight. I understand that this is a strategy to get some more people on board the project, but it risks the investment of those who actually paid to get in on the coin. It's not being selfish to restrict airdrops, but it's a smart move to lessen coin dumping all in all.

[sulendra12]

And this penalty may only be for those who are proven to have committed a violation. And this is the right for project teams to give their rewards or not to only those who deserve it.

Yes, the penalty should be given to those people whose are cheating the bounties in the first place. I mean if people think that airdrops are the main reason most of the new coins are dropped in price and should be blamed for that, just think about this "If you get the rewards for your work, would you just hold it until it worth nothing?" that's just a normal thing to do for people in general.

[StarKay]

It's been a long time that I participated in Airdrops simply because they're hardly worth the effort, even bounties I just started doing recently. This is because it is frustrating to be completing tasks on social media and you hardly get any reward as most of the projects turn out to be worthless even if they paid.
It is sad that project will punish airdrop hunters after carrying out the tasks, such project shows signs of lack of good management because tokens for airdrop should be fixed such that it won't affect the price of the token no matter the numbers of airdrop hunters.
The airdrop tokens can also be released in phases to avoid dumping the price.

[Bitcoin Seller]

Parachain Swap's airdrop has been quite controversial as it only rewarded a small portion of its users. The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.

ParaSwap distributed PSP tokens to early users in value of $150 million. Actually, terms of getting airdrop were not transparent and it is still unknown how they chose people who get tokens. The ParaSwap dex aggregator has been launched its own PSP token. In honor of this event, the team made a major airdrop to their users. Unfortunately, only about 20 thousand users of the platform received a drop of 150 million coins (7.5% of the total amount of coins). Personally I hadn't used this platform actively, so I was not disappointed that I hadn't got anything, but there were a lot of people who constantly used this platform and they also didn't get anything.

[gwdf1]

Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.

On the one hand, it is their occupation so they search for airdrops and complete different taks for the whole day, so it is their work, I don't think that it is fair to penalize people for their work. On the other hand, if you don't do it professionally and you have another work, you can't participate in many airdrops using a vast of accounts, so you can't get tokens for free

[Azar138]

Or perhaps just stop the idea of airdropping all in all? The thing is, a lot of people are joining airdrops for the money and not really adding some substance to the community. Kind of like robbers in broad daylight. I understand that this is a strategy to get some more people on board the project, but it risks the investment of those who actually paid to get in on the coin. It's not being selfish to restrict airdrops, but it's a smart move to lessen coin dumping all in all.

Actually, airdrops is not always about new projects. There are projects that have already had working platforms but they didn't launch their tokens from the very beginning, and they do it now and reward early or active users. There has been a case with a paraswap recently, also there is an anticipation of Metamask's token so if the project is already famous and just want to reward its users, I think that people will not sell off it as they will believe in prospects of the project.

[HashingTower]

Why penalize something that still works? Even projects that are well funded still gives away tokens on Twitter for just following and retweeting posts about the project in return, airdrop is good it's just that so many airdrop campaigns end up not paying their participants

[rmhuntley]

Now many new airdrop with dex exchange and giving much value for participants, last airdrop bico testnet where many member received more than 20k$. I am very surprise because why left this best airdrop and hope one day can get bigger amount reward from airdrop project. Keep trusted and believe with airdrop project because faster to earn money.

[danherbias07]

Not "penalize" because it sounds to be hardcore. First of all, the project behind it is the one who made the airdrop and they just joined it.
Penalized the abusers who are using the same IP to sign up a lot of different users to take a huge part of the reward.

Regarding the dumping process after being given and listed, the best solution would be to lock the funds they had and make an installment process to avoid the value being brought down into hell.
Example: 1 percent of the acquired token per day, so it will take them 100 days before they can withdraw it all. It gives time to the project to acquire more investors that would really support them and maybe make these airdrop hunters think twice about selling it when they see a good change in price.

[TopTort777]

First of all, if the projects altcoin price drops after airdrop or bounty, it is projects fault. Either project is weak, or it was a bad marketing decision (maybe distributed amount was huge), or the project did nothing to save price.

Why someone penalize someone who worked with you? Should employers penalize employees if the business is doing bad? Especially if it was projects initiative to run airdrop and no one forced hunter to participate.

[michellee]

Now many new airdrop with dex exchange and giving much value for participants, last airdrop bico testnet where many member received more than 20k$. I am very surprise because why left this best airdrop and hope one day can get bigger amount reward from airdrop project. Keep trusted and believe with airdrop project because faster to earn money.

That is because they feel it is better to sell the token while the price is at the top price than to wait for another time to sell as they will not know if, in a short time, the token can hit another top price. Some tokens can give their best performance, but we need to know that not many of them will be like that. The airdrop project is something that people want to participate in because they do not have to fill many requirements before joining. If one or two airdrops can give them a big reward, that will be a bonus for the participants but the team needs to realize that the participants can dump the price to the lowest price.

Maybe it is not a good idea to penalize the airdrop hunters because at least they help the project be known by many people out there and that can increase the awareness from people to invest in that project. Maybe the team can discuss with the manager of the airdrop hunters or even their community and make some requirements for the airdrop hunters.

[coin-investor]

Airdrops are a great way to attract people into newly-fond crypto projects. They're basically "free money" for not doing anything in return. Some projects have been widely successful after an airdrop, while others have gone all the way down the drain. There's been a upsurge of airdrop hunters looking to "milk rewards" from the system, effectively dumping all of their coins/tokens on the market for profit. While most projects have been quite flexible in the eligibility for an airdrop, one project decided to take the stand by adopting measures to prevent abuse. Parachain Swap's airdrop has been quite controversial as it only rewarded a small portion of its users. The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.

Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.

Not a good idea they will lose their reputation, once you send the airdrop or rewards to the bounty hunters you should have no control over what they are going to do with their coins, if you are going to set up rules then don't do airdrop at all, if bounty hunters and airdrop participants want to dump then let them, the coin if it has a purpose and potential it will pick up and true investors will support it, whether we like it or not there will be weak hands among these bounty hunters.

[ansarose1]

I believe that the one should be penalized are the ones who caught cheating and doing fraudulent from doing something in bounty or airdrops. There are some airdrop campaign that has really simple task and some are also has many tasks in such way that all of the project's social media are posted upon however some airdrop hunters are cheating that they would get other's work by copying the work and yet change the rewards addresses in order for them to get it. So, they are the ones should be penalized, and not all necessary airdrop hunters.

[Doell]

Not a good idea they will lose their reputation, once you send the airdrop or rewards to the bounty hunters you should have no control over what they are going to do with their coins, if you are going to set up rules then don't do airdrop at all, if bounty hunters and airdrop participants want to dump then let them, the coin if it has a purpose and potential it will pick up and true investors will support it, whether we like it or not there will be weak hands among these bounty hunters.

yes this a bad idea instead punish bounty hunters ,projects that declare airdrops to be share and then they find out about account abuse or whatever it this ,it will be impacting to other people who hunt clean without airdrop abuse ! reputation will be a bad and will make people do not believe then will not last long for grow up in side investor ! ^{only those who commit fraud should be punished and must not affect holy users}