The Good the bad and the ugly side of airdrops

[crwth]

I think at this time, it would be tough to know whether a project would be valuable or not because almost everything has been created, but of course, there are a lot of innovative minds in the world that could make something new and have an impact on the planet.

In the previous years, I think it is more beneficial with that, but now it’s not going to be as lucky or effective now. At least that’s what I think.

It’s best to hold a coin that you really want in the work for so that you would not be hesitant or feel that you have wasted your time buying it. 

[AakZaki]

I think at this time, it would be tough to know whether a project would be valuable or not because almost everything has been created, but of course, there are a lot of innovative minds in the world that could make something new and have an impact on the planet.

In the previous years, I think it is more beneficial with that, but now it’s not going to be as lucky or effective now. At least that’s what I think.

It’s best to hold a coin that you really want in the work for so that you would not be hesitant or feel that you have wasted your time buying it. 

The previous years were indeed more productive and there were many new types of airdrops that did pay airdrop hunters. but for now, the airdrop is not always a profitable event or not commensurate with the work being done. Airdrops are currently not easy to do, to get big rewards it takes more effort and that's also very rare. Currently, large airdrops are only obtained on the tasks of running nodes, testnets and the like, so there is more effort to be able to keep up.

[el kaka22]

The bad side always outweight the good side and that’s the trouble. Do not even bother to be part of any bounties or airdrops because if they are giving away their token for free, that means they do not consider it to be valuable at all.

There are two valid options with tokens when you are creating a new project, either do not have them all printed before, so that people would have to either stake or mine them and NOBODY has even a single one at first (the staking could be done somehow with others I don't know, it’s beyond me, or have a very small one) or you could just distribute ALL of it and not have any for the creators, that’s it, no presale or anything, just pure distribution.

[Sterbens]

I think at this time, it would be tough to know whether a project would be valuable or not because almost everything has been created, but of course, there are a lot of innovative minds in the world that could make something new and have an impact on the planet.

In the previous years, I think it is more beneficial with that, but now it’s not going to be as lucky or effective now. At least that’s what I think.

It’s best to hold a coin that you really want in the work for so that you would not be hesitant or feel that you have wasted your time buying it. 

The previous years were indeed more productive and there were many new types of airdrops that did pay airdrop hunters. but for now, the airdrop is not always a profitable event or not commensurate with the work being done. Airdrops are currently not easy to do, to get big rewards it takes more effort and that's also very rare. Currently, large airdrops are only obtained on the tasks of running nodes, testnets and the like, so there is more effort to be able to keep up.

Yes, I feel this myself, the fact that is happening is that we have to make more effort to make us really pay for participating in the airdrop. But I'm not complaining about this because I didn't spend the slightest capital to do this. You are right now interesting airdrop by running testnet and node. I am a member of several groups and indeed from tesnet and node the prizes are now more attractive.

[len01]

Looks like you've been missing out on a lot of potential airdrops lately like the latest Uni, Para, DXdy or Aptos. I can say that the form of the airdrop has changed, forms like telegram tasks and spam tasks on social networking platforms like the old bounty campaign are gone, it is replaced by testnet or retroactive. About the reward, I don't know if it's big enough for you but for me getting 2k to 3k for an airdrop is huge for example aptos paid to hunters. These are just the notable projects and there are many more with rewards ranging from $50-100 per campaign.

that's right because I very rarely take part in airdrops.
but the airdrop you said (Aptos) is still the same as the airdrop in the past. I mean isn't $50-$100 randomly distributed to members who meet the criteria or qualify only? so it's like a waste if you have done the testnet airdrop task but only selected or random people are given free tokens (meet the requirements)

[usekevin]

Now a days airdrop only using the people for the promotion of their project. They never interested to pay them back with their coins of tokens. Now most of the hunters in forum and in the forum related people was jobless.The airdrop target such people for the free work, the sad part of the game is even some bounty in bitcointalk also repeat the same.So it’s essential to check the past history about the project.

[Jackl87]

Almost everyone of us have made or search for airdrops and made money with just efforts and time
During my search here are some of the few of the past airdrops that i have participated:
Unisawap, Dydx, Muse, Aptos, others just forget but made a profit from them, some of this you need to make some transactions means you have to either deposit or make some trades using their platform, live or testnet.

Back in 2017 when i did my first steps in the crypto market i had a time of a few weeks or months where i joined every airdrop that was available. Even back then there were a lot of airdrops, but in the end i can not really remember of any airdrop that was really worth the effort. So i totally stopped following airdrop sites or telegram channels.
I would imagine that nowadays it is even way worse than back in 2017 and that today there are probably at least a dozen new airdrops of some shit-coins each and everyday popping up that will never have any value.
I made some swaps within metamask in order to qualify for a potential airdrop, but that is the only thing that i did in that regard.
Personally i think that airdrops are not good for the project that are doing it and also for the people that invested into that project that is doing an airdrop because then the telegram channel or discord becomes flooded with thousands of airdrop hunters that are absolutely useless for the project.

[Crypt0Gore]

Always keep your major assets off any wallets you have used to participate in any form of airdrops, you must have connect such wallets to many different type of platforms and dexs, we can't tell which one is safe or not.

Have a separate wallet for storing your assets and another for airdrops.

[bastian466]

Beginners are actually very happy if there is an airdrop project, it will be their first job during the learning phase.  while you don't spend money to follow it, of course it's not a big problem and the work is quite easy and short, there are no tasks that have to be done every day

[AzamNurWahid]

Airdrops are a free way that we can do to earn income, and if there is an Airdrop that requires us to send funds, then just be careful. Because this could mean that the Airdrop is an Airdrop scam.  But don't be too exaggerated in doing airdrops. Because there is still way to earn income for free, namely by participating in the bounty program.

[Rengga Jati]

Almost everyone of us have made or search for airdrops and made money with just efforts and time
During my search here are some of the few of the past airdrops that i have participated:

Those have always been there, there will never be anything positive only in the crypto world. There will definitely be deficiencies or negative sides. Especially if this is related to new project airdrops where this is just like gambling. Maybe some people are very lucky because of the airdrops and get a lot of money. but many are also unlucky and don't get proper money even though they have participated in various types of airdrops. because this airdrops program is like a lucky program. Sometimes we have analyzed the project, and it seems promising and the results are good. but the reality is the opposite and does not mean anything, worthless. However, sometimes airdrops provide quite good rewards. However, from what I have observed and have participated in, the comparison between the results of airdrops that are really worthy and not very far away. many airdrop prgrams return nothing and are a complete waste of time.

[BitDane]

Airdrop in most cases are not profitable, many use it to phish for emails or members to join a telegram group.  They also use it to support their marketing portfolio so that when someone look at their contacts there are lots of them.  This can be use to attract client.

What worst among the airdrop is they are asking for KYC.  Funny how people fell to this trap and sad that after giving their information they are left hanging waiting for the airdrop that won't arrive.

[WalkerIVIV]

I think choosing airdrops that's coming from reputed platform will prevent you from such things and will definitely have higher chance of giving you good returns, moreover there are some coins that is being advertised in their airdrops by some big platform like CMC and binance in which i'm sure they are really legit after all they have gone the review made by the big platform that is binance which i'm sure have some requirements that is quite strict in term of their selection against all these projects that trying to be adverised by the platform.

[harizen]

Actually, filling-up forms, posting addresses, and following social media, etc. all over again and again is not even a hassle if only those repetitive tasks are worth of user's time. In most cases, even putting effort and dedication into joining airdrops was applied, all those serious work and efforts are nothing because of low rewards, no value coins, or much worst, the actual airdrop didn't happen.

Before, it's no doubt that joining airdrops are profitable that even a project with no appropriate use case, can be hyped.

But as always, a trendy thing always has an end.

[Antonas1]

~

Airdrop now is not as easy as before and thanks to that it has eliminated a lot of people like you who just want to register quickly, have money but do not want to do anything else. There are many useless airdrops but also many potential airdrops, searching is like finding a good project to invest in. A month ago a lot of people made huge profits from Aptos and thankfully the rewards are getting bigger and bigger because there are very few people participating.

Wow cool! You have passed the selection, you are the best! So far I thought the airdrop was free; now I know it's like a test. The task must be very hard than participating in the campaign, right? You must be proud of yourself.

But I'm curious, how many profitable airdrops like Aptos in every month?

[Silberman]

Actually, filling-up forms, posting addresses, and following social media, etc. all over again and again is not even a hassle if only those repetitive tasks are worth of user's time. In most cases, even putting effort and dedication into joining airdrops was applied, all those serious work and efforts are nothing because of low rewards, no value coins, or much worst, the actual airdrop didn't happen.

Before, it's no doubt that joining airdrops are profitable that even a project with no appropriate use case, can be hyped.

But as always, a trendy thing always has an end.

At least to myself the worst aspect of airdrops is that now many of them ask for your personal information, I remember that when I first came to this market airdrops were already very popular and some of them made a lot of money to whoever that took the time to participate in the airdrop, however eventually the regulations changed and airdrops began asking for you to pass their KYC policies, and to me this is simply too risky as at best you will gain a few dollars in exchange for that information and at worst you will give away your information and receive nothing in return.

[doomloop]

Most of the airdrops are frauds, but what is more clear is that it is a waste of time being wasted just for doing airdrops, even though if we pay attention to working on airdrops to get results, it relies on luck, which is the same as gambling, so it's not clear which one will produce, even though we have worked on and conducted research.

We have to value our own time as best we can with the skills we have that are more valuable, so don't always rely on airdrops. It will be a little disappointing if you don't get results in the airdrops you work on.
Do it in a capitalist way, maybe a trade that can increase the chance of profit.

It's okay if they are fraud as long as you don't invest money on them. They are also easy to do and doesn't consume much of our time so I don't really call them a time waster. If we are lucky, the small time that we allocate is also going to be worth it because some airdrops are gems. They can worth a thousand or more dollars.

If we have experience from investing in a project before, we can also use it to search for a more worthy airdrop and not just randomly perform any airdrops that you saw because you are literally gambling that way. Relying totally on airdrops is of course bad but we can find a primary source of income first and then just do some airdrops on our free time.

[fauzan Ichsan]

Actually, filling-up forms, posting addresses, and following social media, etc. all over again and again is not even a hassle if only those repetitive tasks are worth of user's time. In most cases, even putting effort and dedication into joining airdrops was applied, all those serious work and efforts are nothing because of low rewards, no value coins, or much worst, the actual airdrop didn't happen.

Before, it's no doubt that joining airdrops are profitable that even a project with no appropriate use case, can be hyped.

But as always, a trendy thing always has an end.

At least to myself the worst aspect of airdrops is that now many of them ask for your personal information, I remember that when I first came to this market airdrops were already very popular and some of them made a lot of money to whoever that took the time to participate in the airdrop, however eventually the regulations changed and airdrops began asking for you to pass their KYC policies, and to me this is simply too risky as at best you will gain a few dollars in exchange for that information and at worst you will give away your information and receive nothing in return.

in the past there were indeed many airdrops that were worth participating in and got big results, as if we didn't think long about completing KYC, but lately it's rare to find airdrops that get big results, and we are still asked to do KYC, I think it's for work the rules are not difficult, but if you count between us providing personal data and the rewards given, I don't think it's worth it, so now I rarely take part in airdrops

[Bananington]

Hope this will help newbies like me to be careful and also enjoy doing this frees stuff without compromising other assets...

The biggest advice I have for you is that you should quickly try much as possible to start to avoid free stuffs as you progress deeper into cryptocurrency. If you like free things, you will always look out for free things which means that you can easily be enticed by very good offers in the form of free things from scammers who wish to try out a new method. The sooner you accept that free things are dangerous the better for you. There are very few current credible airdrops, more than half are fake, you have to be extra careful, let the love for free stuffs not make you a victim.

[Saisher]

What's the ugly side?
I think this was not a good one after all, since you have fill up forms and use your email etc. for this one, you might get expose, and be in the batch of emails that can received malware links, scam links, that might accidentally click, and be a victims of ransom or any form of crypto or hackers getting your precious funds hard earn money or even your other priceless coins maybe eth bitcoin or any other altcoin.

So even though this airdrops are profitable for other people, there is still some downsides that we should always look into, so make sure  research about the projects, if they were really legit, so that there is not wasted time and efforts because we don't know what are really there purpose.

Hope this will help newbies like me to be careful and also enjoy doing this frees tuff without compromising other assets
best way is to ask also in this group because as i ready through other comments they are really helpful and explain everything to others, that's what i like about bitcointalk, information is overflowing, you just have to read and ask.

I'd like to comment on the bad side of airdrops because the bad side made me very choosy on the kind of airdrop that I'm participating in, not all airdrops are created equal, there are good airdrops where you need to just wait and get updates and there are airdrops that are created to collect emails and sensitive information which they sell in the market, airdrops that ask for sensitive information are not worth joining because there's no guaranty if the airdrop will have value in the future while you give away your information that can be used to scam people.