Is it good to penalize airdrop hunters?

[isaac_clarke22]

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Well I am not sure how directly it would affect investor, since mostly airdrops should be just a decimal portion of the total token/coin. I don't see any reason for any project to overdo their airdrops, unless they are really desperate for attention.
I guess this is why some airdrops also implemented KYC verification. As much as I hate that process, it can be somehow beneficial at some part.

[Alert31]

Although I didn't joined airdrop ,but I don't think why need to penalize airdrop hunters? It's not their fault to receive free tokens because it's the project decision to give some free tokens as part of their marketing. And if that was their plan and strategy they should not be surprise if ever the value of their tokens dump after giving airdrop because that was already expected to happen. So, I think don't blame the airdrop hunters, instead the project team should know the result of their airdrop token and must have  a plan to maintain the value of their tokens despite the hunters sell and dump. Also, the project is the one with the ability to control their free tokens for airdrop hunters to avoid dumping.

There are projects that are still successful even when airdrop hunters throw away their tokens. Maybe they have a back up plan or their project really has a use case so the airdrop effect isn't much.

[lenovop-70]

Whether we realize it or not, the airdrops event are one of the most powerful marketing techniques, it is also very cheap to reach the entire community through popular electronic media.
As far as I know, airdroppers do small tasks to get rewards, not for free like OP said.
If asked whether it is appropriate to penalize airdroppers, I don't think it is necessary because they do so on the basis of support from the company that held the airdrop itself.
If they sell assets from the airdrop, we also have no right to ban or penalize them because it is the result of their work.
It will cause a dump price of course, or the company can provide stable coins in anticipation of a dumping event by airdropper.

[uneng]

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.

If hunters are abusing an airdrop campaign, developers are right to penalize them, because it's usually stated in the application rules participants can't do some things, especially joining it with multiple accounts (what is really common), and if they are caught doing that, of course they shouldn't be paid. But at same time, I also understand some developers are the cheater ones who will use any excuses to penalize their employees in order to distribute less coins as possible to decrease the dump effect in the market, while being promoted for free.

[iv4n]

There's no way to penalize airdrop hunters... a project that wishes to be fair can have more requirements for an airdrop that can lower the abuse from some hunters who create multiple accounts for claiming airdrop, but if requirements are too complicated there will be fewer hunters... which will not be good for the project!

Whether we realize it or not, the airdrops event are one of the most powerful marketing techniques, it is also very cheap to reach the entire community through popular electronic media.

Exactly like that, airdrops are a marketing technique, which is very cheap for the project managers, they are airdropping their coin or token that is worth nothing basically, and they get visibility for doing that!

[eaLiTy]

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.

It depends on the projects, there is a lot of bounty hunters who does not really give any value to the product and all they care is to get the bounty amount, but it will help in creating the initial traffic they are looking for. It depends upon projects leaders as the bounty sellers could have an impact on the price for the short term but in the long term if it is a strong projects, these bounty hunters wont be a huge problem.

[babygun]

There's no way to penalize airdrop hunters... a project that wishes to be fair can have more requirements for an airdrop that can lower the abuse from some hunters who create multiple accounts for claiming airdrop, but if requirements are too complicated there will be fewer hunters... which will not be good for the project!

Exactly, why would you penalize airdrop hunters? It is an easy way to reach a lot of people (as everybody enjoys free money). However, abusers will always exist and it is virtually impossible to ban all abuse. One way could be to force KYC when you want to claim an airdrop, but than not a lot of people will participate in it also...

[dezoel]

Excuse me, did you just say that airdrops are free money for doing nothing? OK I do know that it’s quite difficult for the project because most of those airdrops hunters are definitely going to dump the project after they have gotten the tokens or gotten paid. But, don’t say that airdrop hunters don’t have anything to offer for the projects, the projects are not doing airdrops for free, people will have to participate in one way or the other before they are paid for it, so it’s not basically a free money. You have to do some promotional works for the project, by promoting them on your social media pages and also joining their telegram groups, etc.

So, don’t say that it is a free money, because it is not. And moreover, not everyone who participates in an airdrops gets paid. So it’s kind of balanced, the devs know how much they can afford for an airdrops and that’s what they use for it, and only a selected few people are paid.

[tvplus006]

Now many investors are trying to get airdrop from the project, which are at an early stage of launch. But these are just expectations based on the fact that previously similar projects were generously distributed by airdrop among early users. I also have small expenses that I have to endure for the sake of a possible airdrop. But we must remember that such airdrops are not mandatory and you should not be upset if you do not receive them.

[rmhuntley]

Now many investors are trying to get airdrop from the project, which are at an early stage of launch. But these are just expectations based on the fact that previously similar projects were generously distributed by airdrop among early users. I also have small expenses that I have to endure for the sake of a possible airdrop. But we must remember that such airdrops are not mandatory and you should not be upset if you do not receive them.

Right now many investor looking opportunity with dex new project like swap coin on new dapp exchange with several amount waiting few weeks later will announce with qualify or not, much allocation giving on airdrop dapp exchange like paraswap, quickswap and many dapp exchange market right now. But we need much money for qualify and have loss more than 100$ as eth fees to swap coin before qualify and get much airdrop coin.

[lienfaye]

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.

For what reason they will need to penalize? For abusing the airdrop or for dumping the tokens?

Its quite normal for these airdrop hunters to dump the tokens instantly after receiving it because they're more concern on the profit rather than on the project itself. Nowadays majority of projects conducting an airdrop are just scam. Gone are the days when participating in airdrop is still profitable because now its a waste of time.

[TheUltraElite]

How did the word "Airdrop hunters" even come in the first place? It was supposed to be a sort of appreciation token to show off for those who took part in promoting a project and got that in return. While there have been bounty projects for the same, there is little difference between these two. Now when you change a participant to a hunter, you are basically making this a job-hunting spree like, which it was never meant to be and that is why we have so much of spam surrounding projects in social media.

I think there needs to be more strict control over what they are posting and how they are posting. Although there would be a massive outcry if any policing is done here considering the crowd.

But airdrop hunters and bounty hunters should assume every project as failed before they start so as to reduce the frustration that happens afterwards.

[noah tall]

When the new projects launch. They need promotions. So they contact to the airdrop creator having a big community. So they get a lot of publicity. and a huge number of holder. so the new project become more stronger.

[akar87]

Indeed most of airdrop hunters only care how to make money and most of them looks don't care about the future of the particular coins but in my view penalize the airdrop hunters cannot solved these issue because there is no guarantee the coins price will always be stable although the Devs giving low distributions to airdrop hunters and i think the keys is to the Devs themself that how far they can maintain market support or popularity of those coins

I agree with you if they don't want a significant drop in the price of coins, they should continue to develop their projects to encourage investors' interest to invest in the projects they launched, I personally don't agree to punish airdrop hunters because with the promotions they do, create a lot of projects new success get high popularity among people.

[robelneo]

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.

I'm not a big fan of an airdrop scheme to promote a project, but if a project chooses to do airdrop to market their campaign they have to be ready for hunters who will cheat the system and dumpers, they will end losing their reputation if they decide to only rewards randomly, an airdrop is an airdrop they invite people to claim then they have the right to get their shares and dump it if they want once they receive their shares if developers are not comfortable with this then don't do airdrop at all.

[tvplus006]

Right now many investor looking opportunity with dex new project like swap coin on new dapp exchange with several amount waiting few weeks later will announce with qualify or not, much allocation giving on airdrop dapp exchange like paraswap, quickswap and many dapp exchange market right now. But we need much money for qualify and have loss more than 100$ as eth fees to swap coin before qualify and get much airdrop coin.

Yes, in the Ethereum network, such attempts to ghostly receive airdrop are associated with the loss of ETH due to the high commission on the network. But it is necessary to direct part of the budget to such expenses, so that later you do not regret the lost profit. And of course not to miss such airdrops in alternative networks with low commissions, such as BSC, Polygon and Solana.

[Furious 7]

Right now many investor looking opportunity with dex new project like swap coin on new dapp exchange with several amount waiting few weeks later will announce with qualify or not, much allocation giving on airdrop dapp exchange like paraswap, quickswap and many dapp exchange market right now. But we need much money for qualify and have loss more than 100$ as eth fees to swap coin before qualify and get much airdrop coin.

Yes, in the Ethereum network, such attempts to ghostly receive airdrop are associated with the loss of ETH due to the high commission on the network. But it is necessary to direct part of the budget to such expenses, so that later you do not regret the lost profit. And of course not to miss such airdrops in alternative networks with low commissions, such as BSC, Polygon and Solana.

But it is the airdrop from the Ethereum network that has the big payoff as we know what paraswap is like? A friend of mine got 12k USD from a paraswap airdrop and it only dexed a few times and he ran out while it cost $150 but the return on the prize was 10x you know.
Well now there is a Dapps radar but we don't know if it will get an airdrop here or not because I haven't done much research yet.

[Henrobakkara]

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I stopped joining airdrops long time ago, and surely some would have done the same as well.

It's quite good idea for a project to do the same as what you mentioned in the OP, since it is indeed vulnerable to abuse. People making an alts here and there with their fake information. I wouldn't term that "penalizing" though. I would describe it as limiting the users involved like what tsaroz mentioned "lucky draw". It is not 100% foolproof, but it surely reduces abuse. I believe some airdrop "hunters" dump the coin anyway, so what if the platform just decided to limit it. There would be lesser number of people dumping their coins, though I know that even common airdrops aren't that much of a percentage out of the total supply.

Will it do any harm to crypto? No. I don't think that attention to crypto is highly focused on airdrops anyway. Many airdrops turned out to be a scam long time ago and if that hurt crypto, there wouldn't be that much of newer projects coming right out these days already.

That is the problem though. This airdrops project owners will not like to do that because they know they are also limiting the number of people that will help to promote that project, though some of them do give that info and more so, but we understand that even when this kind of information is given participants still exceeds the limit number so, most will not get even if they did all task.

[tvplus006]

Right now many investor looking opportunity with dex new project like swap coin on new dapp exchange with several amount waiting few weeks later will announce with qualify or not, much allocation giving on airdrop dapp exchange like paraswap, quickswap and many dapp exchange market right now. But we need much money for qualify and have loss more than 100$ as eth fees to swap coin before qualify and get much airdrop coin.

Dapp radar has a high chance of issuing its own coin, since it still does not have it and, accordingly,  airdrop for early users. For this reason, I made one swap in excess of $1000. The commission for this swap was $72. I hope that this will be enough to get an airdrop, in case Dapp radar distributes it.

[Abiky]

Airdrop hunters that are moving on from project to project and immediately dumping all the tokens once they have received them are never good for a project and i would also add that i am pretty sure that most "professional" airdrop hunters are also cheating. They simply create 30 different telegram, twitter or whatever accounts and then get rewards for 30 participants. When i invested money into a project i always hope that there is no free airdrop or stuff like that because that only attracts those airdrop hunters and once the campaign is over they are gone, never seen again and have added zero value or benefit to the project.

Exactly. Airdrop hunters "abuse" the system, in order to get what they want. After all, who doesn't love "free money"? Projects should place some restrictions in order to avoid a massive dump of the underlying coin or token on the market. Otherwise, prices will go down the drain at a very fast pace. Of course, too many restrictions will do more harm than good to the coin's mainstream adoption. Parachain Swap's team thought they did the right thing by preventing airdrop hunters from gaming the system. But that decision caused them to lose a large number of users on their platform. If they would've been "flexible" in this regard, none of this would've happened. Crypto's always been about usability (not about the money), so it's okay to penalize airdrop hunters as long as restrictions are not too fierce. Just my opinion