Is it good to penalize airdrop hunters?

[Ceyflix-Rez]

Participate in swap platforms like metamask to get reasonable rewards from airdrops or look into airdrop that are base on play to earn because they always have good value if you get paid, some even share free NFTs to their users like phantom galaxies and bxie infinity

[Leonardo7]

Paraswap basically mess up everything and people became annoyed and choose not to buy the token. One of my mentee who happily just swap once was eligible for the airdrop. I that swap back and forth, using Bep20 and Polygon chains got nothing. A friend sold his able 1M unit of RACA to participate in the Paraswap airdrop and got nothing. It turns out that he took a negative risk gamble because Raca mooned parabolically. He lost out on both. He dares not be a fan of Paraswap. Sometimes, when we win an argument, we loss an ally.

[gabbie2010]

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

Impact of airdrop hunters on the price of their promoted token will surely has effect on the price, it is very unfortunate now airdroppers don't care about the future of the token, they don't hodl their coins for the future, airdroppers played a major role in information dissemination of that coin, imagine thousands of bounty hunters dumped a particular coin immediately after lunch it is very obvious the price of that particular coin will drastically drop to a minimum value.

[Silberman]

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

It is a difficult balance to achieve, after all I understand why developers do not like airdrop abusers, after all those abusers are denying other people that could be legitimately interested in the project to get their share of coins while also causing dramatics drops in the price which reduces adoption, but at the same time if they take a posture that is too harsh against people that get airdrops then the whole point of giving an airdrop is defeated as now people are not interested in trying to get the coin as the bar is too high, so they are in a difficult position, but I think they had to do something to try stop those abusers.

[Queenboss]

The truth still remains that airdrop hunters are not given rewards out of the project magnanimity but as a reward for the service rendered. Some airdrop hunters may default in the agreement and as such those hunters should be penalized. But there's no moral justification for denying the reward of every participant because of the irregularities of a few.

[crzy]

The truth still remains that airdrop hunters are not given rewards out of the project magnanimity but as a reward for the service rendered. Some airdrop hunters may default in the agreement and as such those hunters should be penalized.

Not all airdrop are paying good money, there’s still a risk on this so don’t expect too much on Airdrop since they can easily penalized you based on their own terms. Just keep on joining a lot of airdrop, you might find the lucky airdrop just like the other hunters, be more patience dealing with those fake airdrops that seems to be more normal now.

[Ryker1]

Airdrop has done more damage to projects than it benefits, I have seen many projects getting dumped just because of airdrop hunters and also due to fake account who joins social media bounty campaigns as most of the accounts are fake in social media. I think airdrops should be be replaced with a better marketing tactics for mutual benefits of users as well as projects.

Well that is a good idea, as of now, an airdrop is not totally free, not like before. Just drop your ER20 address and you will be given their token but now --there are too many tasks to do before you can participate airdrop. Plus another factor is, airdrop as of now is not worth it anymore and the best thing to do is replace this airdrop marketing with another one. I don't know if there is someone still here doing such bounty airdrops which is not worth and for me --it is just ting of time.

[Smitty Werben Man Jensen]

The truth still remains that airdrop hunters are not given rewards out of the project magnanimity but as a reward for the service rendered. Some airdrop hunters may default in the agreement and as such those hunters should be penalized.

Not all airdrop are paying good money, there’s still a risk on this so don’t expect too much on Airdrop since they can easily penalized you based on their own terms. Just keep on joining a lot of airdrop, you might find the lucky airdrop just like the other hunters, be more patience dealing with those fake airdrops that seems to be more normal now.

It's true that actually in Airdrop we need to join as many as Airdrop projects,
because there are still many scam Airdrop projects and sometimes not all participants will get paid,
for sure Airdrop is still profitable and it's back to our luck

[isaac_clarke22]

~

Well not sure if airdropped tokens would actually affect the price overall even if massive dumps happen, since it is just a small portion of their total tokens in the end let alone their bounty program that should be a bit higher allocation than the airdrop itself.
I guess restricting it would also to be for maintaining their audience and community as well, and not only just for anti-abusers of their airdrops.

[Mpamaegbu]

They're basically "free money" for not doing anything in return.

I don't see how it's free money, considering the fact that airdrop participants are asked to do certain SM tasks before they're qualified to get rewards. What about the shares and tags? What about the email request (by the way, some of the projects even end up selling these emails at dark web). It's obvious that those still indulging airdrops now are merely wasting their time. It's like getting into faucets – much noise, less reward (sometimes, no rewards at all.)

Some projects have been widely successful after an airdrop, while others have gone all the way down the drain.

I ain't sure distributing airdrops can lead to the collapse of any project because what teams distribute is an infinitesimal percentage. If anything, airdrops help spread and advertise projects.

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?

I think people should even stop thinking they can make any gains from airdrops and jettison the act of getting involved in it. This way, devs and their team will learn how not to take participants for granted.

[CryptoWebDirectory]

No, airdrop hunters definitely shouldn't be penalized. It sucks that some people want to do what's required, get their tokens, and then dump/swap them, but it isn't a reason not to give them any. If the airdrop advertises that you can do a set of tasks and be rewarded in tokens for doing so, then you should be rewarded in tokens if you complete all of them as required. I've done my fair share of airdrops over the years, and so many are scams to do this type of thing just makes the whole airdrop idea even worse. Come up with another way to prevent/stop people from dumping the coins as soon as they get them - don't penalize everyone because a few people will swap the tokens right away. Just my two cents...

[Abiky]

It is a difficult balance to achieve, after all I understand why developers do not like airdrop abusers, after all those abusers are denying other people that could be legitimately interested in the project to get their share of coins while also causing dramatics drops in the price which reduces adoption, but at the same time if they take a posture that is too harsh against people that get airdrops then the whole point of giving an airdrop is defeated as now people are not interested in trying to get the coin as the bar is too high, so they are in a difficult position, but I think they had to do something to try stop those abusers.

It's a tough decision to make especially when mainstream adoption of a project is at stake. Fierce restrictions will do more harm than good for any cryptocurrency or token's demand on the market. There needs to be a balance, in order to ensure the success of any cryptocurrency project.

While I support penalizing airdrop hunters, I don't think they should be entirely excluded from being eligible to receive some sort of compensation. Granting small rewards to airdrop hunters would be the safest bet to keep demand at its highest while preventing a massive dump of your token. Some projects are requiring KYC in order to help prevent abuse. We'll have to see whenever this will work in the long run or simply become a failed experiment. Crypto was never about the money, so airdrops are not required to make the industry thrive in the future. Just my opinion

[rmhuntley]

~

Well not sure if airdropped tokens would actually affect the price overall even if massive dumps happen, since it is just a small portion of their total tokens in the end let alone their bounty program that should be a bit higher allocation than the airdrop itself.
I guess restricting it would also to be for maintaining their audience and community as well, and not only just for anti-abusers of their airdrops.

Airdrop reward allocation less than 2 or 1% only and I think wrong when some one said airdrop hunter make coin dump, how ever 1% supply giving to airdrop participants as reward is nothing can make price dump or pump. All coin price depend on dev hand is they sell about 50% supply on their hand price will dump what ever did by airdrop hunter.

[albon]

Airdrop has done more damage to projects than it benefits, I have seen many projects getting dumped just because of airdrop hunters and also due to fake account who joins social media bounty campaigns as most of the accounts are fake in social media. I think airdrops should be be replaced with a better marketing tactics for mutual benefits of users as well as projects.

Dude, the airdrop rewards from the project’s tokens are not big to dump the price of the project token. If you look at the token allocation, it is a very small percentage, so we must not blame the bounty hunters, but the blame falls on the project team. If the airdrop is not beneficial to the project, why does the project team make an airdrop, Or why don't they divide the rewards in percentages every month?

[Rahman11]

The average value of an Airdrop is around $30, but the figure varies wildly, as you will see below. Many airdrops offer additional tokens if you refer a friend. Airdrops are a low-cost way of spreading the word and building a community around a project. Airdrops can be hugely profitable.

[Google+]

The average value of an Airdrop is around $30, but the figure varies wildly, as you will see below. Many airdrops offer additional tokens if you refer a friend. Airdrops are a low-cost way of spreading the word and building a community around a project. Airdrops can be hugely profitable.

Airdrops are only profitable for a moment because not all Airdrops can be worth a lot or better, but if the path is clear that it is very easy to build a community and make news spread so quickly, but for profitable problems, it still really depends on the value too and the amount allocated.

[rmhuntley]

I miss with many airdrop worth like last three year just filling form earn many coin, I miss with etherdelta as the best exchange for selling airdrop coin and got about 1 or 2 ethereum when received airdrop, but now need hard working for joining thousand airdrop and only 10% get higher reward and left many shit and less value coin for selling.

[isaac_clarke22]

~

Just as what I thought, kind of absurd to think that the 1% of the coin would make a price plummet that much. The only point worth discussing here is that how abusers need to be controlled, if not stopped by any means.
I don't think that implementation of that restriction is for addressing the dumps.

[Fesatmas]

After all, Airdrops have become part of an inseparable promotion. All have benefits according to the targeted sector. Regarding Airdrop hunters, not a few of them do the work and are not paid at all because of scam projects, etc. It has become a daily routine that is not strange because Airdrops are money that is earned from proper work and from a random distribution. Of course, this work became the forerunner where today we see successful projects. We were not in 2014 to 2018 where at that time Bitcoin or Ethereum payment Airdrops were still fun to rush. Whereas now the friction between altcoins is varied, so looking for a big prize is likely slim.

[WannaCry]

this must be a good move but how can you track or penalize those airdrop hunters? because of the price decline? I think if the project had a pre-sale and airdrop maybe it's not only the hunters but as well those investors causing the price to decline, they want to get back the money they invested as soon as possible before the price go down