Tip-Don't participate in token sales being influence by Airdrops

[Hyphen(-)]

Airdrop is one of the many ways to advertise or introduce new crypto projects to the world. Now, some scammers are using Airdrops to attract or influence new investors to their projects, which were created without proper and adequate information. Their goal is simply to attract more investors, after which they will move ahead with their funds.

The image below is my own wallet, which I used to participate in some airdrops. I noticed that almost all of these tokens did not have proper information on their various websites; all they have there is a guide on how to buy the token in their presale, nothing like main details about the project, the CEO, their partnerships, Roadmap, and so on. After the Airdrop, it was stated that the token would be locked until JULY, which I believe is a lie, because the amount given for just participating in the Airdrop is too large to be true, and I believe they are just using the Airdrop to attract more investors.




I'm bringing this up in the forum because I don't know enough about it to tell if it's real or if it's a trick to get more investors to participate in their presale and then walk away with people's money once their goal has been met.
More information about this is needed to prevent people from becoming victims of such projects.

These are the links to their respective website and I am having some believe that this 3 projects are related or run by the same group of people. They have the same ideas.

https://metarobox.game/
https://terkehh.com/
https://metawar.finance/

The links to the LinkedIn team profile are not available, Twitter are barely just few followers.

[DevFile90]

I lost some money to that metawars, anyway I have come to see that most new projects using meta in their name are 99% scam projects, they are same scam developers creating projects out of any hype that's currently trending, I am satisfied with top 20 altcoins and most especially Bitcoin.

[cryptoaddictchie]

I wonder how they can make the token on trustwallet even got their value shows. Sometime its really frustrating to see a token on your wallet with shown value but thats not tradeable. Its like teasing you about the token worth but the truth is its not.

There are project with airdrop approach but have some team, backed by legit projects liek apecoin, which havent have liquidity injected and naturally bloom but some tokens arent like that which has their way through airdrop. Maybe try to study first about project before hoping anything else with it.

[boyptc]

There are many of them that have been doing that not just recently.

You just have to look at those tokens if they really have value or they're just like a scam airdrop made by those developers. It's not just also about investors money that these developers are into.

But as well as the data that they're asking if someone is going to join their airdrop. Also, there's the dust attack that they do and that's why if your address has been publicly posted, you'll expect more of them to come to your wallet.

[Cookdata]

I wonder how they can make the token on trustwallet even got their value shows. Sometime its really frustrating to see a token on your wallet with shown value but thats not tradeable. Its like teasing you about the token worth but the truth is its not.

There are project with airdrop approach but have some team, backed by legit projects liek apecoin, which havent have liquidity injected and naturally bloom but some tokens arent like that which has their way through airdrop. Maybe try to study first about project before hoping anything else with it.

I don't blame the shit projects how they find their way to coinmarketcap. Trust wallet and coinmarketcap are owned by Binance, when a new project is launched on marketcap, Trustwallet has an API that updates and tracked the price of these projects. So, when coinmarketcap list these shitcoins, they get tracked by Trust wallet when you add their smart contracts.
Coinmarketcap could have easily tracked these projects and delisted them but they have this silly policy of saying anyone can list their projects to avoid centralization, what is the decentralization without a remedy to eject evil projects. Sigh!

[aysg76]

This is the case which people mostly ignore and participate in these airdrops program but here are certain implications related with them :

1) You get some shitcoin tokens which you can't trade off because they are dumped as soon as they are listed on any exchange and now you don't have any liquidity for them to sell in the market

2) Mostly scam projects are there following this method with the aim of getting some public support and end up gaining their funds and giving them some fake tokens

3) They attempt to steal your personal data which you fill up in the airdrop forms and then use them for illicit works like selling them over dark web and many more.

Out of these whole scenario what do you gain at last? You gain nothing but become victims of these scams so stay alert from them.

Coinmarketcap could have easily tracked these projects and delisted them but they have this silly policy of saying anyone can list their projects to avoid centralization, what is the decentralization without a remedy to eject evil projects. Sigh!

You just need your coin to be listed on one exchange and the main factor here is money which they want at the last and will list your coins.There are around 18k coins/tokens listed on CMC but this doesn't provides any sort of guarantee that they are legit.You need to DYOR for yourself and then jump to any conclusions.

[CryptoHeadlineNews]

First of all, any project that promises you a reward too good to be true, please run away it's a scam. Because come to think of it, you will see a project promising to offer a reward of 300,000% APY of investment with a fix minimum presale buy rate of $100 and above, so imagine if 1000 persons invest, where will the project get $300,000 each for the over 1000 investors. Because im definitely sure no idea project will want to waste such huge amount money. Thou, i stand to be corrected on this point of mine if you happened to have seen any before.
Those figures on the wallets above are worthless and useless, because they can be used for anything whatsoever, because thou most of the token sales been influenced by airdrops are legit, the majority of them now are scams, just there to lure people to invest and then run away with there funds within the specified lock up period

[Eternad]

Airdrop in general is good to promote the token sales with the use of token distribution in exchange for a certain task for social promotion. The reward per user is just small so it doesn't affect much the economy of the tokens. The problem was this promotion model is being use most of the time by scam project that's why you classify it as scammy tactics which is not in reality.

Many trusted project do Airdrop during there token sales as a reward for eaely supporters so you can't really classia project as mediocre just because it has an airdrop promotion. DYOR always is the key to always keep an eye on scammy project.

[un_rank]

Airdrop in general is good to promote the token sales with the use of token distribution in exchange for a certain task for social promotion. The reward per user is just small so it doesn't affect much the economy of the tokens.

It seems similar to a business offering a free trial at their product to allow users decide if they would want to subscribe to their service. Airdrops are also a marketing strategy to boost awareness, but should they not be given freely, why should a user have to complete some sort of task to get them?

There seems to be a security risk with applying for such airdrops as there should be some sort of identification submitted. Businesses would mostly ask for your card details before allowing you a free trial, but the projects running the airdrops might not be registered or legitimate.

[Rruchi man]

I wonder how they can make the token on trustwallet even got their value shows. Sometime its really frustrating to see a token on your wallet with shown value but thats not tradeable. Its like teasing you about the token worth but the truth is its not.

I sincerely worry about the potential security problem this could create for a user who carelessly let's someone (a third party) see the balance on his trust wallet. This someone that has seen the false balance of a user, because we can't completely trust anyone, may hatch/nurse ill and dangerous thoughts and plans for you who has no idea that your useless non tradeable tokens with false value is about putting your life at risk.

[Doan9269]

The whole idea is that don't be a bounty hunter if you're not sure of your experience in dealing with most of them, lot of newbies will get influenced by many that they should invest on those unrealistic tokens that amount to nothing, and airdrops should only come as a claim of bonus for users amd not as an investment to buy like a token, even some tokens aren't worth it not to talk of airdrops, it's what turns to be a waste of time and efforts and i advise newbies to strongly go for bitcoin first before engaging with other altcoins, tokens and airdrops.

[crwth]

It's not just for attracting new investors, but some projects use it to collect a lot of data from people who register and earn that airdrop.

For sure, at the start of those projects before, the airdrop is a great tool for attracting people and getting involved already with the project. Now it's a tool. It's just how the world operates currently. Be careful with being involved in projects; you might get yourself into the wrong place in crypto.

[Munir575]

Airdrops are not always scam though there are quite a few number of scam projects nowadays and i don't think taking part in airdrops is bad just do a proper research of the project before participating because scammers are everywhere now. We have to be more careful so we don't fall victim to any of these scams. Sharing your experience is good i believe newbies can learn from this.

[Ryker1]

^{[Airdrops are not always scam]
[snip]}

Well --that is a big NO!
You are wrong, all of them are scams. They are stealing participants' documents, they give so many tasks before you can get a scam token.
Airdrop is worthless as of now, it is totally different from before way back in 2017. Dont waste your time on this activity.

[Cryptomultiplier]

Although the reason for airdrops is more or less for influencing and raising awareness for what's new as a product(coin), nowadays, with the increase of internet fraud mostly in the crypto space, it has become very essential to firstly verify the authencity of a new product(coin) before participating in the nuances offered mostly as it involves in this case the sale of tokens. I would double check, where need be, research the names and patiently wait for others to attest to same authenticity before delving in. Sorry tales have been told about these scammers that one these days need be cautious so as not loose so much more than bargained for. 

[ice18]

I wonder how they can make the token on trustwallet even got their value shows.

Trust wallet only fetch prices from explorers like BSCSCAN the devs of this tokens are just updating infos on this sites, they are not even required to verify their identity which is another loophole, they must verify all projects who wants to use bscscan, etherscan but they do nothing. 

[Findingnemo]

Nothing special about this strategy and this is the same model exists here for years especially since 2017. You will receive tokens even for not receiving in any bounties but these all are the combination of strategy to bring some money put of your wallet and in reality the value of token mention will be far from comparable level when it hit exchange and get the real value and importantly 99.999% won't even reach the exchanges as well.

[hugeblack]

Things have changed since 2017, and if you let greed control you, you will end up giving a lot of information in exchange for nothing, so if you care about your privacy, it is best to avoid participating in any Air-drop.
If you want to participate, you must:

 - Create a new wallet.
 - Deposit just enough to send that token.
 - Ensure that it is listed on the platforms and has sufficient liquidity.
 - Check if it does not require any additional conditions.

[Bamjos]

Similar thing happened to me about a year ago, I was relentlessly searching for airdrops everywhere I could find it on the internet when I've actually not even read about what airdrop means. I also participated in some airdrops on telegram using telegram boot, which all turned out to be fake. It's just best that one should study well about a project before embarking participating in the airdrop and if all test proves it to be scam, one should just shut the thought to participate in it off, regardless of how attracting the worth of the airdrop is. 

[passwordnow]

Similar thing happened to me about a year ago, I was relentlessly searching for airdrops everywhere I could find it on the internet when I've actually not even read about what airdrop means. I also participated in some airdrops on telegram using telegram boot, which all turned out to be fake. It's just best that one should study well about a project before embarking participating in the airdrop and if all test proves it to be scam, one should just shut the thought to participate in it off, regardless of how attracting the worth of the airdrop is. 

And these airdrops are becoming gateways of collecting information of the participants. When the participants are intrigue with the project, they're like blind followers that would do anything the airdrop developers are going to say. Like providing those details, email, ids, I've seen some that do really required it and their reasoning is to avoid cheaters that do claim twice. And in return of that, they'll take those information and have it saved on their databases and you'll be surprised that you'll be receiving spams in your email.

[Shamm]

Similar thing happened to me about a year ago, I was relentlessly searching for airdrops everywhere I could find it on the internet when I've actually not even read about what airdrop means. I also participated in some airdrops on telegram using telegram boot, which all turned out to be fake. It's just best that one should study well about a project before embarking participating in the airdrop and if all test proves it to be scam, one should just shut the thought to participate in it off, regardless of how attracting the worth of the airdrop is. 

And these airdrops are becoming gateways of collecting information of the participants. When the participants are intrigue with the project, they're like blind followers that would do anything the airdrop developers are going to say. Like providing those details, email, ids, I've seen some that do really required it and their reasoning is to avoid cheaters that do claim twice. And in return of that, they'll take those information and have it saved on their databases and you'll be surprised that you'll be receiving spams in your email.

Airdrop is one of the many ways to advertise or introduce new crypto projects to the world. Now, some scammers are using Airdrops to attract or influence new investors to their projects, which were created without proper and adequate information. Their goal is simply to attract more investors, after which they will move ahead with their funds.

The image below is my own wallet, which I used to participate in some airdrops. I noticed that almost all of these tokens did not have proper information on their various websites; all they have there is a guide on how to buy the token in their presale, nothing like main details about the project, the CEO, and their partnerships, Roadmap, and so on. After the Airdrop, it was stated that the token would be locked until JULY, which I believe is a lie, because the amount given for just participating in the Airdrop is too large to be true, and I believe they are just using the Airdrop to attract more investors.




I'm bringing this up in the forum because I don't know enough about it to tell if it's real or if it's a trick to get more investors to participate in their presale and then walk away with people's money once their goal has been met.
More information about this is needed to prevent people from becoming victims of such projects.

These are the links to their respective website and I am having some believe that these 3 projects are related or run by the same group of people. They have the same ideas.

https://metarobox.game/
https://terkehh.com/
https://metawar.finance/

The links to the LinkedIn team profile are not available, Twitter is barely just a few followers.

It means that we should not give our trust easily to those new projects or their raindrop. Cause nowadays scammer is always on our side we need to be vigilant to prevent any kind of loss.   Because scammer try their best to convenience you to participate in their project but in the end of the day they will leave you in the air empty-handed cause they took all your money. And in addition, it's better to find a regular job than airdrop hunting.

[passwordnow]

Similar thing happened to me about a year ago, I was relentlessly searching for airdrops everywhere I could find it on the internet when I've actually not even read about what airdrop means. I also participated in some airdrops on telegram using telegram boot, which all turned out to be fake. It's just best that one should study well about a project before embarking participating in the airdrop and if all test proves it to be scam, one should just shut the thought to participate in it off, regardless of how attracting the worth of the airdrop is. 

And these airdrops are becoming gateways of collecting information of the participants. When the participants are intrigue with the project, they're like blind followers that would do anything the airdrop developers are going to say. Like providing those details, email, ids, I've seen some that do really required it and their reasoning is to avoid cheaters that do claim twice. And in return of that, they'll take those information and have it saved on their databases and you'll be surprised that you'll be receiving spams in your email.

It means that we should not give our trust easily to those new projects or their raindrop. Cause nowadays scammer is always on our side we need to be vigilant to prevent any kind of loss.   Because scammer try their best to convenience you to participate in their project but in the end of the day they will leave you in the air empty-handed cause they took all your money. And in addition, it's better to find a regular job than airdrop hunting.

No one should. They're not even secured money that people should be confident to give what they're asking. The real airdrops going back on the years where they really are free and no attachment needed, they don't require it. They're actual free and real money and most projects during those glory days of icos were a thing. There's also the scam on these airdrops that you might be asked for a gas fee and have to send it to the developers for them to release your airdrop and this isn't an old tactic.

[Rengga Jati]

Airdrop is one of the many ways to advertise or introduce new crypto projects to the world. Now, some scammers are using Airdrops to attract or influence new investors to their projects, which were created without proper and adequate information. Their goal is simply to attract more investors, after which they will move ahead with their funds.

Actually, many scammers have been using airdrops to scam people in the past. However, recently, the trend is highly rising up again by making some variations of the scam itself, like adding taken on the wallets, but the tokens are not tradable. And the scammers will commonly have certain telegram groups to ensure victims that the projects are real, guiding the victims to set their wallets and do something to be able to sell the tokens. And here it is, commonly it will relate to phishing sites or even transferring some funds to lock the tokens, but in fact, they are fake.

Well, whatever the ways, we must be more careful when going to choose a new project, I will prefer to select the clear project that is launched in some launchpad of trusted and reputable platforms. Better to stay safer than take high risk although the profits may be very seductive

[nakamura12]

I lost some money to that metawars, anyway I have come to see that most new projects using meta in their name are 99% scam projects, they are same scam developers creating projects out of any hype that's currently trending, I am satisfied with top 20 altcoins and most especially Bitcoin.

That's what happen if you only invest in tokens or coins that is trending. Not all trending names are legit, some are made only to scam people. Even a name that doesn't have meta in it are also scam but do think that there are some legit tokens or coin. I also receive tokens that you could see that there is a so called value of the token but if you try to sell it then you can only sell it only on a site but you must deposit first for a fee then you can exchange it or sell it but that won't happen as they only take your funds (the fee) for nothing.