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Author Topic: WHAT ARE THE AIRDROP CRITERIA WILL PAY US?  (Read 186 times)
Junoto (OP)
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May 29, 2024, 10:09:35 PM
 #1

Nowadays, airdrops are often used in crypto exchanges. In addition to the standard trading strategy of investing one's finances, airdrops, which involve giving away free coins or tokens to users of public crypto wallets to advertise a new digital currency, can generate huge profits. Blockchain-based companies utilize the use of these crypto wallets as a marketing strategy to encourage users to use their platforms. So what are the signs that an airdrop will pay off?
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May 29, 2024, 10:14:18 PM
 #2

Maybe what I know is that airdrop has two sides: advantage side A great strategy to build “buzz” about a new coin venture. People love to receive free money. It has the ability to attract a wide user base. Marketing costs will be very minimal. Others will be notified quickly about new coin projects. The airdrop announcement spread like wildfire. Contra side Investors may sell the token immediately after its release, causing its value to decrease. The impact will be small if fewer tokens are issued. The value of a coin may be diluted by issuing multiple tokens. KYC and AML checks need to be carried out, which can be a tedious process.
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May 29, 2024, 10:26:16 PM
 #3

I think having a lot of partnerships with exchanges that are going to list their token is already a sign that it will be a fruitful launching. But even with that, that won't determine the long term life of that project. And if you are for the airdrops then you have to consider that for sure because that's a true sign that liquidity and volume are going onto that project by having a lot of support from different exchanges and it will be amazing if they're bigger and the most popular ones.

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May 29, 2024, 10:35:01 PM
 #4

So what are the signs that an airdrop will pay off?[/i]
Sometimes you can't even predict if they can truly pay or not. That's how good this scam airdrop developer and promoter has turned out to be.
 
But one place I usually look at is how greedy the project appears to be in terms of sharing their tokens with their airdrop promoters. To those who make fake promises and still give out a bunch of their tokens, promising to turn every participant and early investor into wealthy holders automatically turns into a red flag for me.

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May 30, 2024, 12:35:55 AM
 #5

A genuine airdrop requires an airdrop participants to test thier platforms and then get paid with thier native token. It is not that easy to find a good and authentic project that will give you tokens for free. If they do give you tokens there is still that risk that the token might not do well after it has listed. That is why be prepared for the worst always while dealing with airdrops.

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May 30, 2024, 03:52:20 AM
 #6

So what are the signs that an airdrop will pay off?

1, It must be backed by popular VCs
2. Raised money from the investors
3. Trusted and reputable developers
4. The project is also fully audited
5. It was running incentivized campaign to the users


Gave you an example for the eligibility criteria for the taiko airdrop.

Look at that, taike backed by big companies and VCs, the project has raised good amounts of money, reputable and fully audited projects. They pay 5% token of total supply for the airdrop participants.

Joining a project that has allocated a few percents to be airdropped is a must.

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May 30, 2024, 04:24:18 AM
 #7

So what are the signs that an airdrop will pay off?
It's hard to find sure ways that an airdrop will be valuable. No one can even be sure whether a project will be valuable in due time. The best we can do is participate on airdrops that have higher potential of legitimacy and growth.

Even the best-looking project won't have guarantee that it will be successful









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May 30, 2024, 05:23:14 AM
 #8

Its always the partnership as already been pointed out by many people, these partnership does indeed determine whether there gonna be airdrop or its just some marketing stunt.
last time I see, the ones that did airdrop through just interaction of protocols using certain wallet provider, is probably bouncebit, it just requires you to interact with their protocol with money as low as 0.001 BTC if i'm not mistaken and then you're already counted to be eligible receiver of the airdrop but with prerequisites that you are using certain wallet only and in this case it requires you to use web3 wallet provided by binance which of course requires you to do KYC in the first hand before you can use it as far as I know.
the result? there's an airdrop happening and those people that participate into the binance partnership program does indeed receive good airdrop even more than the people who have been interacting with the blockchain in testnet stage.

the partnership most of the time guarantees that whatever program you participate as long as its got some sponsorship or some kind, you will always receive reward.
it exist to incentivize people into using the platform as you said.

but to be fair, each platform has differing qualification to be eligible, it works as some kind of strategy to let people interact and find out the eligibility criteria at the time of TGE.
otherwise people will probably just do whatever is necessary to be eligible.

so basically here, the key is, partnership with big venture capital, promised allocation for the community and airdrop at the time of TGE and you just do whatever it takes to be among the one that eligible, sometime its hinted through the projects various programs.

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May 30, 2024, 07:04:14 AM
 #9

(...) So what are the signs that an airdrop will pay off?

There are no guarantees, just experiences that lead us to have confidence in future iterations of new projects, such as project size, team, funding, aggressive marketing program... But in general, most airdrops in the crypto space just bring trash to the wallet, but I think it also depends on the approach of the airdrop hunters like projects like OP, ARB, STRK, ZK,... then you have to make sure that you are willing to spend the fee and it is not certain that you will be on the airdrop list. But anyway, these are simple tasks so there is no need to expect too much results, even when there are big airdrops in the space.









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May 30, 2024, 08:47:21 AM
 #10

Nowadays, airdrops are often used in crypto exchanges. In addition to the standard trading strategy of investing one's finances, airdrops, which involve giving away free coins or tokens to users of public crypto wallets to advertise a new digital currency, can generate huge profits. Blockchain-based companies utilize the use of these crypto wallets as a marketing strategy to encourage users to use their platforms. So what are the signs that an airdrop will pay off?

Those who do airdrops in the exchange have conditions or criteria that you have met, and it is legit that you will be qualified as one of their airdrop participants. And of course, when it comes to exchanges, there is also an attached amount of fund that is also needed there, because usually in exchanges, your fund should be at least $100  on their platform.

Now, outside of the CEX platforms, there are other protocols that require you to use their platform first before you are qualified, and apart from that, you should also check if those who have partnered with their platform are serious.

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May 30, 2024, 10:12:48 AM
 #11

A genuine airdrop requires an airdrop participants to test thier platforms and then get paid with thier native token. It is not that easy to find a good and authentic project that will give you tokens for free. If they do give you tokens there is still that risk that the token might not do well after it has listed. That is why be prepared for the worst always while dealing with airdrops.

You are absolutely right that a legitimate airdrop requires participants to conduct testing of the platform and fairly distributed native tokens to the participants. There are many examples of such projects whose managment rewarded generous reward to their participants, and Optimism and Arbitrum are good examples in this regards. The upcoming genuine airdrops who are likely to launch their tokens in June-24 are Zksync, Linea and LayerZero and Layer3.

In summary, while airdrops are exciting way to earn tokens, however it is essential to conduct due diligence and have realistic expectations about rewards.

 









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May 30, 2024, 11:51:31 AM
 #12

In summary, while airdrops are exciting way to earn tokens, however it is essential to conduct due diligence and have realistic expectations about rewards.
I agree because many airdrops are requiring its participants to pay some fee for their in game apps to have more points.
And as with those points, they're the factor that will determine how much token you should receive.
But scammers will also use that kind of tactic for them to earn more from their users.


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May 30, 2024, 12:36:49 PM
 #13

In summary, while airdrops are exciting way to earn tokens, however it is essential to conduct due diligence and have realistic expectations about rewards.
I agree because many airdrops are requiring its participants to pay some fee for their in game apps to have more points.
And as with those points, they're the factor that will determine how much token you should receive.
It seems fair though many people wouldn’t be interested no longer if an airdrop project requires them to pay even the smallest amount of fee. They were hoping that with an airdrop, they get some coins or tokens for free and soon they can see profit.

Projects also tend to screen the people they are going to give airdrops to so they require them to pay some fee or maybe do some tasks first.
Quote
But scammers will also use that kind of tactic for them to earn more from their users.
Like you said the higher the pay the higher amount of coins/tokens so people who are desperate to get that coin or token will pay a lot unbeknownst to them that it is actually just a scam

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May 30, 2024, 01:56:29 PM
 #14

In summary, while airdrops are exciting way to earn tokens, however it is essential to conduct due diligence and have realistic expectations about rewards.
I agree because many airdrops are requiring its participants to pay some fee for their in game apps to have more points.
And as with those points, they're the factor that will determine how much token you should receive.
But scammers will also use that kind of tactic for them to earn more from their users.

Your point is valid about scammers who create such schemes those appear to be genuine offers and they compel the participants to pay fees to earn points and eventually the tokens they receive are worthless. It is crucial to trust yourself and critically evaluate the participation and staying cautious you can avoid such scammers who continually devise new method to deceive new comers in cyrpo landscape.









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May 30, 2024, 05:51:49 PM
 #15

Nowadays, airdrops are often used in crypto exchanges. In addition to the standard trading strategy of investing one's finances, airdrops, which involve giving away free coins or tokens to users of public crypto wallets to advertise a new digital currency, can generate huge profits. Blockchain-based companies utilize the use of these crypto wallets as a marketing strategy to encourage users to use their platforms. So what are the signs that an airdrop will pay off?

The most important thing to considered before joining a airdrop is can you invest into this project, if you can't invest into the project then IMO it doesn't worth my time, for every one good and rewarding Airdrop campaign there are another hundred timewasting useless airdrop. Another good factor to considered is the people behind the project, I wasn't surprised about the success of NOTCOIN because I saw the quality people were behind it and the have were able to gain the support of Telegram team

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May 30, 2024, 07:49:48 PM
 #16

In summary, while airdrops are exciting way to earn tokens, however it is essential to conduct due diligence and have realistic expectations about rewards.
I agree because many airdrops are requiring its participants to pay some fee for their in game apps to have more points.
And as with those points, they're the factor that will determine how much token you should receive.
But scammers will also use that kind of tactic for them to earn more from their users.

Your point is valid about scammers who create such schemes those appear to be genuine offers and they compel the participants to pay fees to earn points and eventually the tokens they receive are worthless. It is crucial to trust yourself and critically evaluate the participation and staying cautious you can avoid such scammers who continually devise new method to deceive new comers in cyrpo landscape.
They have commission with those fees and that's why many of them recreating this tactic every time there are newcomers to the market.
For those that are into such, all of you need to be careful upon choosing the projects and airdrops you are participating with.


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May 30, 2024, 08:55:20 PM
 #17

Nowadays, airdrops are often used in crypto exchanges. In addition to the standard trading strategy of investing one's finances, airdrops, which involve giving away free coins or tokens to users of public crypto wallets to advertise a new digital currency, can generate huge profits. Blockchain-based companies utilize the use of these crypto wallets as a marketing strategy to encourage users to use their platforms. So what are the signs that an airdrop will pay off?
There's a lot of things to consider and even if you have the data, there's still no guarantee that it will pay off.
Bounty hunter are participating with the airdrop with a lesser expectation because they know that qualifying to get the reward is not that easy anymore and getting a value to that is also a big challenge. If there's a good exposure for that project, and the team are focused on making it grow then you might see a chance for it's value but then again, better not to expect and just continue to participate on many airdrop.

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May 30, 2024, 09:08:30 PM
 #18

I have seen many airdrops that have been specifically launched on the Binance Web3 wallet. By completing some tasks and adhering to the specified conditions, you can become eligible to receive an airdrop from one of these projects that have paid fees to market their project on the exchange platform and attract millions of its users to engage in the project. You also need to be a KYCed member.

There are no guarantees that the Airdrop for one of these projects will pay off; it depends on conducting your own research to evaluate the quality of the project from which you will receive tokens through your participation, the allocation for the airdrop, and the number of participants. It is worth mentioning that you might participate in an airdrop on one of the exchange platforms, but their token may not be listed there. There is a disclaimer of the potential risks of your participation that you should be aware of.

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May 30, 2024, 09:45:02 PM
 #19

~
Usually if they took the effort to do something about their website, their roadmap, and stuff like that, you know ones that actually made sense, then the project could be good and would be a worthwhile investment. Not that much if you're not confident, but it wouldn't hurt to put a small part really.

Of course nothing beats being an insider in their team and checking when the hell they're gonna start the pump-and-dump scheme so you can buy and sell at the right time. In the first place regardless of how they put the effort in, most of these projects are all "plans". Like seriously, they're treating crypto like Shark Tank (it's a business reality show for those unaware) where they appeal to investors lol, probably even worse since they can't even appeal a product, just a project.

R


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May 30, 2024, 09:52:46 PM
 #20

Nowadays, airdrops are often used in crypto exchanges. In addition to the standard trading strategy of investing one's finances, airdrops, which involve giving away free coins or tokens to users of public crypto wallets to advertise a new digital currency, can generate huge profits. Blockchain-based companies utilize the use of these crypto wallets as a marketing strategy to encourage users to use their platforms. So what are the signs that an airdrop will pay off?
Exchanges provide aides for these airdrops. The market is broad enough to contain everyone but it does mean we should buckled our belt and ready for the top running which will bring in profits. It's airdrops season, we should fight our way to acknowledge the space and bring in profits flowing at our end. Try your best to hook up with necessities that matters, in that way you bring in profits that can becoming straight to our ends.

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