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Author Topic: Airdrop Events, Testnet Events is not an investment!  (Read 347 times)
GreatArkansas
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August 29, 2023, 03:22:33 AM
 #21

If there's something easy to be done, it's mean everyone can do it. Why the project need to give a big reward if everybody including a ten years old kid can do same? You must know someone get paid based on their job, if there's a barrier to entry, obviously only some or few people can do that and they will get paid accordingly.

Stop think you can get rich through easy thing, wake up.
Exactly. A lot of people are wasting their money and time just to hoping to be airdropped on some projects.
What they are doing right now is just gambling, they don't know if they will get rewarded or not while they are already wasting their precious time and money playing on these different platforms.

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August 29, 2023, 04:02:38 AM
 #22

I think when Zksync and Layerzero finally do their airdrop the result will be the same. There are way too many people participating in these airdrops that the reward is going to be nil.

Sure UNI and BLUR and ARB were very successful but these airdrops Gained so much attention that everybody is doing it with 100 different wallets. So their everyone will be labeled as Sybil or the airdrop reward will be very small.

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August 29, 2023, 06:47:42 AM
Merited by The Sceptical Chymist (4)
 #23

I've participated in several airdrops. And it's great when you get paid even if it's just a few dollars. But since I have to do KYC and the tasks are quite difficult, I think Airdrop is no longer relevant.
And for influencers it is very necessary to educate their followers about what they are promoting. Even need to tell that this testnet is not paid. I think openness is important here.
If you have done sei testnet and linea for sure it will be understand the frustrations on sei community since it takes a lot of time to do the tasks and that took like more than 10 months. Then youll received few $, a lot of my friends did the sei anf completed it. Some of them say, they wont do any hard testnet anymore due to the kind of rewards they did received.
TBH, I'm thinking of joining in these testnets because of the threads you've created regarding these projects that are doing some testnets etc. but after seeing this one, I think I will be back in the part where I'll be hesitant in doing it again. I mean we only have limited time, and we are maximizing it, and trying to use it to gain some money, and yet they are being rewarded with a small amount dollars. It isn't worth it.

As for the influencers, they don't care if we as followers are getting scammed either buy spending money or spending time into the projects that they're promoting as long as they are getting paid in advertising that project. Who cares about us? They're the least ones that will care about us. There might be some who are educating, but it's more of an advertising. As for airdrop events, and testnet events as an investment, it's still an investment. You didn't invest money doing it, but you did invest time so that you can earn free money.

Speaking of free money, those who are joining these kind of activities more often must lower their expectations. There's no free lunch here.

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August 29, 2023, 12:02:56 PM
 #24

TBH, I'm thinking of joining in these testnets because of the threads you've created regarding these projects that are doing some testnets etc. but after seeing this one, I think I will be back in the part where I'll be hesitant in doing it again
Well its up to you actually. These testnet are trials and error anyway. Some could got big money too or low. It really depends, its not like a promise good reward so it was also always a risk.

Speaking of free money, those who are joining these kind of activities more often must lower their expectations. There's no free lunch here.
Yes, if they did joined testnet like these, they should not expected so much since its a testnet. Maybe for me try less participants or less noise projects to be sure of a good rewards.

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August 29, 2023, 12:40:26 PM
 #25

Also stop blaming influence-rs; if they make researches before making threads for readers; then as individuals, you should also make researches before joining any event (test-net or airdrop); while Remembering that nobody promised you millions for participating in their events.

I am open to differing opinions on this issue; what do you think ?

I do agree with what you said.
Don't blame anyone for risking your own money. First of all, we should do our homework first, on our own, and not just let influencers or social media bloggers do the job while some profit from just sitting and letting their money do the work.
As an average guy who gives importance to money, I won't just give away my money without making sure that it's a legitimate investment. There's always a way to check them out, the internet is broad and there might be people who already experience dealing with them with good or bad incidents, and that is where we could ask.
This forum is actually one of the good platforms to question one project and I have seen a lot of threads that were made here asking the questions that cannot be answered by Google.

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August 31, 2023, 03:24:33 PM
 #26

Also stop blaming influence-rs; if they make researches before making threads for readers; then as individuals, you should also make researches before joining any event (test-net or airdrop); while Remembering that nobody promised you millions for participating in their events.

I am open to differing opinions on this issue; what do you think ?

I do agree with what you said.
Don't blame anyone for risking your own money. First of all, we should do our homework first, on our own, and not just let influencers or social media bloggers do the job while some profit from just sitting and letting their money do the work.
As an average guy who gives importance to money, I won't just give away my money without making sure that it's a legitimate investment. There's always a way to check them out, the internet is broad and there might be people who already experience dealing with them with good or bad incidents, and that is where we could ask.
This forum is actually one of the good platforms to question one project and I have seen a lot of threads that were made here asking the questions that cannot be answered by Google.
That is such a good approach and should be remembered for a long time as well. I can easily say that it is going to end up with a situation where it will not be that simple and we could end up with a solution that would be a bit different on the long run. I think it is a trouble for people not to be careful about it, and if they are not careful about it then they are going to lose a lot of money and blame the projects and the team and the community and all that when they lose money but not themselves.

If you invested into something that made you a loss, you should only blame yourself and not anyone else, it is not going to be something that you could make profit from and you are going to end up with a trouble one way or another.

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August 31, 2023, 05:14:55 PM
 #27

Also stop blaming influence-rs; if they make researches before making threads for readers; then as individuals, you should also make researches before joining any event (test-net or airdrop); while Remembering that nobody promised you millions for participating in their events.

I am open to differing opinions on this issue; what do you think ?

I do agree with what you said.
Don't blame anyone for risking your own money. First of all, we should do our homework first, on our own, and not just let influencers or social media bloggers do the job while some profit from just sitting and letting their money do the work.
As an average guy who gives importance to money, I won't just give away my money without making sure that it's a legitimate investment. There's always a way to check them out, the internet is broad and there might be people who already experience dealing with them with good or bad incidents, and that is where we could ask.
This forum is actually one of the good platforms to question one project and I have seen a lot of threads that were made here asking the questions that cannot be answered by Google.
There are so many different kind of crypto influencers out there, it should be our responsibility to choose who to follow and learn how to be responsible in things that we do because of the influencers we follow. Blaming them is just non-sense, they also mostly wouldn't be affected by your blames. Always check what you are doing and filter out the influencers you are following. First thing to do is to unfollow those paid influencers since they are mostly the one who don't make any sense and would put you into trouble.

Airdrop testnets today are purely speculations, don't believe on those who said that it's a guaranteed airdrop because you all will end up being disappointed.
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September 01, 2023, 10:27:03 AM
 #28

Also stop blaming influence-rs; if they make researches before making threads for readers; then as individuals, you should also make researches before joining any event (test-net or airdrop); while Remembering that nobody promised you millions for participating in their events.

I am open to differing opinions on this issue; what do you think ?

I do agree with what you said.
Don't blame anyone for risking your own money. First of all, we should do our homework first, on our own, and not just let influencers or social media bloggers do the job while some profit from just sitting and letting their money do the work.
As an average guy who gives importance to money, I won't just give away my money without making sure that it's a legitimate investment. There's always a way to check them out, the internet is broad and there might be people who already experience dealing with them with good or bad incidents, and that is where we could ask.
This forum is actually one of the good platforms to question one project and I have seen a lot of threads that were made here asking the questions that cannot be answered by Google.
There are so many different kind of crypto influencers out there, it should be our responsibility to choose who to follow and learn how to be responsible in things that we do because of the influencers we follow. Blaming them is just non-sense, they also mostly wouldn't be affected by your blames. Always check what you are doing and filter out the influencers you are following. First thing to do is to unfollow those paid influencers since they are mostly the one who don't make any sense and would put you into trouble.

Airdrop testnets today are purely speculations, don't believe on those who said that it's a guaranteed airdrop because you all will end up being disappointed.
Taking care of yourself is most vital in the crypto world. Influencers cant be blamed for your bad investments or choices. The bottom line: Not everyone understands blockchain's lingo, technology, and market techniques. Not all popular people are the same. Someone with many followers doesnt necessarily give good advise. The problem isnt simply paid misinformation spreaders, but also those who do it intentionally. Even though its easy to suggest, "Just unfollow them," not everyone knows who to trust and who to ignore. So its not just about following or not following; its about creating a society that values facts over loud voices.

Airdrop testnets. Saying they're guesses reduces their exhilaration, like playing chance. Thats Finance lesson: "Dont trust anything that promises a guaranteed return". So jump into the airdrop depths with your eyes open and ready for anything. A little skepticism can save major disappointment. Lets mature together and stop blaming others. Even if we're angry, let's talk. So, be focused, dont follow, and be responsible. But lets also hold powerful people accountable. After all, its two-way.

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September 01, 2023, 01:53:18 PM
 #29

I am taking chances no matter what even if it’s just a very slim chance especially popular ones like LayerZero, zkSync Era, Base, Linea, Starknet and more.

I’m already aware of the risks and acknowledge it if something goes wrong like what Sei did to us. I’ve managed to start expecting less than more that would just reduce my “disappointment”.

I would just regret if I was surprised about a snapshot date of a project where I did not interacted or qualified in their criteria like the Arbitrum, Arkham Intelligence, Cyber and so on.

Testnets are indeed 100% free because you are not spending a single dime as it is a “test”. But for mainnet retroactive drops, “technically” you are investing to spend in gas fees, minting NFTs for qualification, etc.

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September 01, 2023, 04:04:47 PM
 #30

Also stop blaming influence-rs; if they make researches before making threads for readers; then as individuals, you should also make researches before joining any event (test-net or airdrop); while Remembering that nobody promised you millions for participating in their events.

I am open to differing opinions on this issue; what do you think ?

I do agree with what you said.
Don't blame anyone for risking your own money. First of all, we should do our homework first, on our own, and not just let influencers or social media bloggers do the job while some profit from just sitting and letting their money do the work.
As an average guy who gives importance to money, I won't just give away my money without making sure that it's a legitimate investment. There's always a way to check them out, the internet is broad and there might be people who already experience dealing with them with good or bad incidents, and that is where we could ask.
This forum is actually one of the good platforms to question one project and I have seen a lot of threads that were made here asking the questions that cannot be answered by Google.


Yes I think so too. I think most pple in crypto, especially newer members are riddled with the victim mentality and put very little efforts towards actually making proper research before investing in projects. I personally cant blame any influencer for any mishaps in my portfolio. I should be the one at fault for falling for his/her scam.
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September 01, 2023, 06:54:58 PM
 #31

Yes Testnet events are without investment and the user use the project function and give feedback so the project launch there mainnet so they give reward there early users .
Airdrop are different some Airdrops are full free without investment but some types Airdrop are need investment if anyone participate in this they are invest fund on Airdrop pay fee etc for minting bridge etc.

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September 03, 2023, 08:12:18 PM
 #32

Yes Testnet events are without investment and the user use the project function and give feedback so the project launch there mainnet so they give reward there early users .
Airdrop are different some Airdrops are full free without investment but some types Airdrop are need investment if anyone participate in this they are invest fund on Airdrop pay fee etc for minting bridge etc.
Maybe they don't require an investment (money) but you will still need to dedicated your time on them. I guess that is still considered as an investment. I have done a couple of them before and we are not require to give a feedback but as long as we already play around with the features of the platform, we are already qualified for a chance to win a reward.

Yes, I say that because I rarely get a reward from them so I think many of them works like a sweepstakes or something where they draw/raffle the winner randomly. It might still be part of the airdrops but only on a different category. Original airdrops only started from a simple task then a lot of variations have come out overtime. I still miss the old era of airdrops because my experience on them is much better than the others.

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September 03, 2023, 10:13:46 PM
 #33

right now too much people are participating into the airdrops, same with retroactive that requires you to pay for gas fee for interacting with various smart contracts, though it might have significantly smaller participants, but so far the active wallets in zksync and even layerzero are too humongous I don't think something like ARB airdrop and APTOS airdrops ever gonna be repeated again until sometimes.

right now if you see, there are simply too much people wanted to get rich from just doing simple task, take example is venom where there are so many testers trying to get qualified for their future airdrops despite the fact that its unconfirmed but I could easily say that the number of participants far surpasses 1 million wallets if i'm not mistaken.
simply put nowadays these aren't really profitable way of earning money anymore, everyone is participating and the allocated tokens are the same.

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September 03, 2023, 10:37:30 PM
 #34


TBH, I'm thinking of joining in these testnets because of the threads you've created regarding these projects that are doing some testnets etc.

In my opinion; i think it is only right to participate in testnet events if you find "worthy" ones; while there are many bad rewards in the crypto currency; if we look around without bias; there are also many good rewards from crypto currency too. Are testnets worth a try; the answer will be yes; is it worth a reliance ? No, and thats where people get it wrong.
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September 03, 2023, 10:48:32 PM
 #35

Yes Testnet events are without investment and the user use the project function and give feedback so the project launch there mainnet so they give reward there early users .
Airdrop are different some Airdrops are full free without investment but some types Airdrop are need investment if anyone participate in this they are invest fund on Airdrop pay fee etc for minting bridge etc.
Maybe they don't require an investment (money) but you will still need to dedicated your time on them. I guess that is still considered as an investment. I have done a couple of them before and we are not require to give a feedback but as long as we already play around with the features of the platform, we are already qualified for a chance to win a reward.

Yes, I say that because I rarely get a reward from them so I think many of them works like a sweepstakes or something where they draw/raffle the winner randomly. It might still be part of the airdrops but only on a different category. Original airdrops only started from a simple task then a lot of variations have come out overtime. I still miss the old era of airdrops because my experience on them is much better than the others.
the only reason the old era of airdrops are so good because the task was so simple yet the reward was so huge, its mainly because we are still at early phase where cryptocurrency aren't that sought after therefore the participants are fewer meanwhile the allocated tokens are quite bountiful.
nowadays, everyone are fomo'd into following some of these airdrops that makes the participants number growing significantly if compared to the past, but that's okay since with the increase number of participants it just means that cryptocurrency becoming more and more popular.
also it aligns with many blockchain devs idea of airdrop in which gathering as much people into interacting with their blockchain though that also mean lesser rewards for those participants honestly.
so i'm almost sure that there will be no massive airdrop like the ones arbitrum have in the meantime.

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September 10, 2023, 08:21:50 PM
 #36

I think when Zksync and Layerzero finally do their airdrop the result will be the same. There are way too many people participating in these airdrops that the reward is going to be nil.

Sure UNI and BLUR and ARB were very successful but these airdrops Gained so much attention that everybody is doing it with 100 different wallets. So their everyone will be labeled as Sybil or the airdrop reward will be very small.

I do think that when Zksync and Layerzero announce their airdrop; there will be little criticisms and also the airdrop will follow the arbitrum pattern; where everyone got rewards once they are eligible (even if you made just a single transaction on the arbitrum airdrop).

For zksync, the airdrop will be rather straight forward; for layerzero; they have so many platforms and it is unsure yet which of them will be used for the criterias. but still i trust both zksync and layerzero to be more transparent in their approaches just like ARBITRUM.
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September 10, 2023, 09:47:25 PM
 #37

My conclusion; i think it is fine to be disappointed if your efforts is not recognized or rewarded; but i also believe that it is not enough to push slur narratives on social media (it has no effects anyways.)

Before joining a free program like that, we should really understand that there is nothing that guarantees that we will get rewards. There are many people who have gone through the same thing for the umpteenth time, and there are many of them who understand exactly how it feels. But what is certain is that not all of the tokens or rewards from such projects will actually produce results. Imagine that from their hard work over a certain period of time there will be several people who might be able to take all the risks and ultimately achieve success. However, quite a few people get angry and end up giving up easily.

However, if we blame other people for what happened to us, this is actually unfair. Because after all, we ourselves are responsible for what we decide to take a position on a certain coin at a certain rate. And we ourselves consciously participate in various programs that get certain rewards as transactions.

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September 10, 2023, 09:57:49 PM
 #38

Several enthusiast joined the sei wave and participated in different testnet tasks and some ambassadorial roles to support the sei network and also provide valuable feedbacks to the team in hope of being rewarded; but when sei launched and shared rewards; majority got as low as 1$ up to 100$ while so many others received 0 which has lead to an uproared between enthusiasts and sei team.
Hey, at least it was something. I don't really understand what people expect from this kind of stuff, it's not like Testnet gave them an official contract where they'd be rewarded with x amount of money to feedback on their site. They probably have an internal team doing all the heavy testing in the initial phase, and this kind of public test phase is just a test run to see whether they missed some, and the keyword here is "some" since it would really be a small amount (if they have a proper dev team, which I assume they have).

Can we blame the projects though? I don't think so. They can, maybe, promise immediately that they'd reward users only a specific amount, but that'd be kind of dumb on their side since they're getting free workforce for as low as a $1. It's not like any law obligates them to announce their rules. Man people's assumptions can be really scary.

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September 10, 2023, 10:46:12 PM
 #39

I think when Zksync and Layerzero finally do their airdrop the result will be the same. There are way too many people participating in these airdrops that the reward is going to be nil.

Sure UNI and BLUR and ARB were very successful but these airdrops Gained so much attention that everybody is doing it with 100 different wallets. So their everyone will be labeled as Sybil or the airdrop reward will be very small.

I do think that when Zksync and Layerzero announce their airdrop; there will be little criticisms and also the airdrop will follow the arbitrum pattern; where everyone got rewards once they are eligible (even if you made just a single transaction on the arbitrum airdrop).

For zksync, the airdrop will be rather straight forward; for layerzero; they have so many platforms and it is unsure yet which of them will be used for the criterias. but still i trust both zksync and layerzero to be more transparent in their approaches just like ARBITRUM.
but thats still unclear though we don't even know the criteria of airdrops by both project, though there are rumour about it, its all still rumours, moreover seeing the pattern of past airdrops nowadays, the good project like these two mentioned are more likely to put different qualifications since each project trying to be unique in term of their airdrop qualifications, I think these two project will just do the same. still its just speculation.
what matters is that just doing the retroactive, and not missing when airdrop is revealed since we've done our best to follow and gets qualified.
other than that, its better if they don't follow the path of sui even worst sei, though with sui even if it requires we to invest if we could get massive profit in almost instantly like sui then its even better.
but that might just be wishful thinking.

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September 11, 2023, 02:05:15 AM
 #40

Tarnishing image of project because you expected something and reward didn't turn out according to that expectation, is not the behaviour I encourage either. I'm in support of you, op.

This is why I only bother with platforms which I like and if airdrop happens it'll be an extra reward. Expectation leads to disappointment.

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