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Author Topic: Crypto Airdrops is not free money  (Read 292 times)
mk4
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June 11, 2024, 09:26:23 AM
 #21

The idea behind airdrop was also not to receive free money, it used to be to get some coins from a new cryptocurrency project so that you can test it without needing to spend time mining it or buying it. There were bitcoin giveaways which could be called airdrops in early days as well like this 5 free bitcoin per claim.
Those were great! But this model simply is not viable today as people will just be farming using multiple wallets. Obviously we don't want AML/KYC to prevent sybils.

Nowadays the goal of an airdrop is so that the owner of that premined shitcoin to "hire" others to advertise that shitcoin so that it can get pumped which would help the owner dump and make money.
Not entirely; like 50% of the decent airdrops today don't even have a referral/affiliate program, so no one really needs to post about it.


There is no project, no innovation, no testing a new system, etc. there is only pump and dump. Sad
There are still a crap ton of experimentation happening(good and of course, bad ones). Saying that there is none is like the boomers saying no one is using bitcoin.

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June 11, 2024, 10:04:11 AM
 #22

before airdrop where given just by putting you're information, in a spreadsheet this was 2016 until mid 2019, airdrops today where organized, specially legit, its not a free money since you are doing testing, doing a fake transactions to their system, that means you are being paid for testing.
this should be in alt section though.
They were like the real free money before and that's the ICO days, almost every airdrop at that time were have given a value and they're released in the market successfully.

So, it's the devs and as well as the airdrop hunters have made a lot of money at that time. But as time passes by, it's no longer the same and this time, you have to work for your the airdrop you have joined.

As explained by pooya, airdrop is still free but you have to work on it and that's how you claim that free money so you can say that it's not basically free money if there's a labor for it.

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June 11, 2024, 10:38:45 AM
 #23

As explained by pooya, airdrop is still free but you have to work on it and that's how you claim that free money so you can say that it's not basically free money if there's a labor for it.
From what I understand pooya87 said airdrops used to be free money back then when things were more legit and addresses were just requested for the coins/token to be moved to but now it's not longer considered free money because one have to do some task to get rewarded with this coins. now airdrops are moreime making adverts to get paid.

Nowadays the goal of an airdrop is so that the owner of that premined shitcoin to "hire" others to advertise that shitcoin so that it can get pumped which would help the owner dump and make money.
Not entirely; like 50% of the decent airdrops today don't even have a referral/affiliate program, so no one really needs to post about it.
I'm not really convinced with this 50% because sincerely from what I'm seeing in the space now, the pump and dump with this said strategies which pooya87 is talking about is much more than the said 50% (the ones that requires referrals) if you said 30% are decent without referrals, it would be more convincing.


Airdrop is not absolutely free, it's a reward for carrying out instructions and task as assigned and  helping the developers test their project.
Airdrop is free money, the problem is that nowadays what they call "airdrop" is not actually airdrop. It is payment for your work. Otherwise early days what they called "airdrop" had only one requirement, to give them your address so that they can have a destination to send your free coins!

--snip--

Group behind it don't want to call it a work or at least micro job, since people will expect to receive fiat or popular coin. That cost them some money, while giving their own coin/token cost them almost nothing.
Exactly, they always use the word "absolutely free" to cover the hidden agenda and consequently most of the people interested in airdrops are naive people so once they hear free it brings them more than even when they are aware of the task or micro jobs as you called it.


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June 11, 2024, 10:54:48 AM
 #24

Nothing is available online for free. But yes there are some shit tokens that often come to our wallet for free. They may come to the wallet to increase their holder or as a phishing attack.
Crypto airdrop is not free. One is eligible for airdrop only after completing certain tasks. And in mining game you have to work with a lot of time.

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June 11, 2024, 12:19:25 PM
 #25

As explained by pooya, airdrop is still free but you have to work on it and that's how you claim that free money so you can say that it's not basically free money if there's a labor for it.
From what I understand pooya87 said airdrops used to be free money back then when things were more legit and addresses were just requested for the coins/token to be moved to
Yes, before it was like that. That was the time when every day there's a new ICO that's coming in the market.

but now it's not longer considered free money because one have to do some task to get rewarded with this coins.
That's the labor that I am saying so you're trading your time for the tasks and you'll get paid with the tokens that you'll never know if they'll have some value.

Fortunately many of them have shown some good money as this bull run has started. After that, maybe in the last quarter of next year to 2026, many won't be as effective as they are anymore.

now airdrops are moreime making adverts to get paid.
That's how they market and paying tokens out of thin air when it's uncertain if they'll have some value or not.

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June 11, 2024, 01:53:08 PM
 #26

maybe because they think that it is a fairly easy task so they think that the money from the airdrop is free money. even though if you think logically it is not free money because the participants are required to do various tasks given to them and then they can get rewards after the campaign period is over. even though it is an easy task, it does not make the airdrop free money, it is still money from the work we do to promote the project.

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June 11, 2024, 08:20:28 PM
 #27

People often say airdrops is free money, I’ve heard someone say he doesn’t like doing something he didn’t invest his money in and it’s a total waste of time. Sometimes you might invest on something and still lose and there are also people who have made it big from these airdrops that are said to be free

Airdrop is not absolutely free, it's a reward for carrying out instructions and task as assigned and  helping the developers test their project.

They're literally paying you with their token at launch for helping them to test it before launch.

you must always activate your mining and perform tasks.
So if you just sign up & do nothing then don't expect any reward.
Your reward is determined by the level of your commitment to task and quest with patience and consistency.
You also get to invest little funds in some of it and pay gas fees so definitely it’s not free 🙂.

In the crypto space how you work is how you gain 💯.

There is never free money in all these Crypto worlds.
You just have to work for it though sometimes some don’t get to launch due to one reason or the other and some fraudulent people also use this means to steal and deprive people of their hard earned funds.

So it’s adviced to use a different wallet for your airdrops and store your funds in a different wallet, Never use same wallet with all your funds to do airdrops to avoid tears. (VERY IMPORTANT)

The older guys in this space can add their thoughts.
Not all airdrops requires you to do any task. There are airdrops that are given to gain wild adoption. Several times I have received airdrops for just holding my coins in a particular wallet. Yes there are airdrops that requires people to perform some tasks, but I just want to let you know that some airdrops are totally free and what you got for free, is a free money. Just imagine you are holding your own coin and someone sent you money for using a particular wallet to hold your asset, for me that's free. Even if I pay any transaction fees as you have mentioned, provided the benefit is more than the expenditure it's still a good one. Moreover what you pay as transaction fees is just a little fraction of what you got as airdrops.

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June 12, 2024, 08:39:39 AM
 #28

People often say airdrops is free money, I’ve heard someone say he doesn’t like doing something he didn’t invest his money in and it’s a total waste of time. Sometimes you might invest on something and still lose and there are also people who have made it big from these airdrops that are said to be free

Airdrop is not absolutely free, it's a reward for carrying out instructions and task as assigned and  helping the developers test their project.

They're literally paying you with their token at launch for helping them to test it before launch.

you must always activate your mining and perform tasks.
So if you just sign up & do nothing then don't expect any reward.
Your reward is determined by the level of your commitment to task and quest with patience and consistency.
You also get to invest little funds in some of it and pay gas fees so definitely it’s not free 🙂.

In the crypto space how you work is how you gain 💯.

There is never free money in all these Crypto worlds.
You just have to work for it though sometimes some don’t get to launch due to one reason or the other and some fraudulent people also use this means to steal and deprive people of their hard earned funds.

So it’s adviced to use a different wallet for your airdrops and store your funds in a different wallet, Never use same wallet with all your funds to do airdrops to avoid tears. (VERY IMPORTANT)

The older guys in this space can add their thoughts.
Yea, it's actually true, their is no free money in the crypto industry, because for you to be eligible to earn an airdrop from any crypto project, you must have put in a lot of work according to the task that was given, so it's very true that it's not free, because you will definitely spend a whole lot of data and time in putting in the works for you to be eligible.

So am saying this because their was a time in the past, I think it was early last year that I did a few airdrop task and I was expecting a reward afterwards, but I was totally disappointed when the coin was launch, nothing was airdroped to any of the airdrop participants,  so when I think of the kind of effort I put in  without getting anything in return,  I stop wasting my time in doing anything airdrop, because most of these developers are not reliable as they claim.

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June 12, 2024, 09:23:30 AM
 #29

After the trend of the play to earn, next is the NFT and now we are most likely seeing airdrop projects, it can be free money because an airdrop is equivalent to the token you will receive on the tasks you've done, this kind of projects still need a DYOR to not waste your time and effort not all projects is worth profitable. Basically you didn't make an invest of money but you invested commitment, now it will become payoff if you got a trusted project.

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June 12, 2024, 10:15:53 AM
 #30

I think this topic is fit for altcoin discussion board https://bitcointalk.org/index.php?board=67.0.

You are right crypto airdrops is not free money. Because different types of tasks have to be completed in different airdrops. And in altcoin mining, various types of work have to be done constantly. There is no reward for just signing up. In some cases we have to spend our own money for fees, level up or earn more coins.

It can be moved to altcoin discussion but its already two day since the post was made. I think this thread real motive is to educate newbies that's why OP posted in this board. And I really agree about the topic which is Airdrop is not free because you work for it and Devs uses our resources for their projects.

But there are some airdrops that you didn't do anything and all of the sudden you can claim an airdrop by just clicking claim button. I mean you didn't expect the airdrop because of the thing you did before on that platform.

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June 12, 2024, 10:26:46 AM
 #31

I'm not really convinced with this 50% because sincerely from what I'm seeing in the space now, the pump and dump with this said strategies which pooya87 is talking about is much more than the said 50% (the ones that requires referrals) if you said 30% are decent without referrals, it would be more convincing.

You're probably thinking bigger than 50% because what you're seeing are likely to not be the 'decent' ones. Take it from me who is actually very active in the crypto space(not just Bitcoin) and actually runs a curated airdrop database(paldo.io). Don't have a generalized opinion based on the Telegram referral links you see here and on social media.

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June 12, 2024, 01:52:25 PM
 #32

As they say, there is no free lunch, which means that whatever you get in this world requires you to give something in return whether it's your time, some effort, money, or anything else that has some value. Some people might not understand this, but time is more valuable than money because money can be earned anytime, but the time that goes by doesn't come back, this is the reason why every wise person would say that no one should waste their time on useless things because the would regret it in the future.

Anyway, coming back to the topic, some people actually consider something free if they are not paying or using any money for it, which means that if you are doing a specific thing such as completing a task or something, you are not spending any money, so it's free, but in reality, it's not free because you are using your time and efforts for it.

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June 13, 2024, 11:35:18 AM
 #33

There is never free money in all these Crypto worlds.
You just have to work for it though sometimes some don’t get to launch due to one reason or the other and some fraudulent people also use this means to steal and deprive people of their hard earned funds.
Maybe you are right on this aspect. But since it is still called as airdrop means the norm has been adapted already. We work, or do something to get it unlike what pooyah said that giving them literally an address for the rewards and nothing more. For me the term free airdrop can still be valid for tokens we didnt pay for or we dont spend anything to get it.
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June 13, 2024, 12:01:30 PM
 #34

There is never free money in all these Crypto worlds.
You just have to work for it though sometimes some don’t get to launch due to one reason or the other and some fraudulent people also use this means to steal and deprive people of their hard earned funds.
For me the term free airdrop can still be valid for tokens we didnt pay for or we dont spend anything to get it.

But if there's money involve or certain task that need to achieve on daily basis so that you can rise up your score to get something huge for them then its not actually free. But as long as the dev is not telling something misleading and say all is free but if we check its really not then we can figure out that this is a waste of time. Airdrop term is famous used by a lot of project and people got used to this word. But there are certain changes happening and part of it is you need to do some task for them so that they can make sure that you are really supporting their project and will not just came out of nowhere then ask some share for their project.

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cryptoaddictchie
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June 13, 2024, 12:28:49 PM
 #35

But there are certain changes happening and part of it is you need to do some task for them so that they can make sure that you are really supporting their project and will not just came out of nowhere then ask some share for their project.
Well it depends on one to absorbed the description. If the task is quite simple and cant be considered as work just like doing a simple posting for signature campaign. It doesnt really much a hassle then its still free for me.

Like the one Ive tried like the notcoin, tap tap Id get some airdrop there but didnt spend money but only tapping on device to mine, for me its not a work but just a free time hobby to grind.
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June 13, 2024, 02:30:40 PM
 #36

So it’s adviced to use a different wallet for your airdrops and store your funds in a different wallet, Never use same wallet with all your funds to do airdrops to avoid tears. (VERY IMPORTANT)
This is one of the truly important tips. Using the main wallet to connect to any websites or platforms and signing transactions may pose a serious threat of losing the assets contained in the wallet. The airdrop field, although some may see it as fruitful with the money that can be achieved by completing tasks or interacting and performing various activities and transactions on projects that have their own blockchain and ecosystem, which is likely to reward early users in the end, but it carries significant risk and relies on luck. There are no guarantees, and anyone who ventures into the field should have the knowledge and be aware of everything he is doing, follow a research-based approach, and have a moderate amount of capital for fees, transactions, spending on bridges, purchasing NFTs, and conducting trading volume and the like.

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June 13, 2024, 03:06:35 PM
 #37

Airdrop is not absolutely free, it's a reward for carrying out instructions and task as assigned and  helping the developers test their project.
If you posted this one a few years ago where people are advertising different projects in different social media platforms, you might get a different response from us because there's a thing called "bounty hunting" at that time where people are just doing their weekly tasks and in exchange, they're being paid through tokens. It's not basically an airdrop, but it's free at least since you didn't invest any money, but you invested time though.

Nowadays, airdrops are very different already. Most of them are requiring investors to invest at least a certain amount of money in order for you to get the tokens. Nowadays, most of the airdrops that are being launched isn't free anymore because you need to invest money in order to get "free" tokens. Well, there are still some who airdrops that are being launched without any investment coming from investors, but they're very rare.

What we consider as "FREE" is something that we are getting in return without investing any money right? While it's true, you still need to exert some effort by doing some tasks. Overall, while most of the airdrops require us investors to invest money in order to get free tokens, there are still some who are giving the tokens basically for free, but you need to do some tasks that are boring. Cheesy

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