Are Testnet projects/airdrops profitable ?

[AYOBA]

After the rise and fall of Telegram projects we’ve seen how quick people can switch from hyping projects to attacking them ( i agree these projects deserved the attacks ). Farming new projects was seen as total waste of time but surprisingly farmers are hyping up testnet projects/airdrops now claiming they are the next big thing.

The best thing for anyone who is willing to work hard for himself is to battle and fight for survival because life is like a ball and wherever you play, that's where it will undoubtedly go.Additionally, it can occasionally take someone to a place they didn't comprehend, so I won't hold it against individuals who stopped using Telegram in this instance because the majority of people will squander too much of their energy, including data.

As they notice that many people are cashing out on testnet, that is the reason why the majority of people have moved there. This gives them hope and tremendous encouragement. Because The airdrop is what everyone is doing right now since it saves lives, especially for some of the young people who have already graduated from school and have no job; they use it as a side gig. Testnet, you don't need to apply any challenging jobs.

[tvplus006]

This advice has nothing to do with reality, since almost all projects eliminate sybil and if you don't have enough on-chain activity in other networks such as Ethereum, Base, Arbitrum, Poligon and BSC, then you are 100% likely to be included in this list and, accordingly, will not receive an airdrop.

I agree that the advice has a big condition, use new wallets for airdrop, and do it with a device that doesn't store your big or main capital. This condition is hard to have with many people practically.

Today, my words are once again confirmed that with a new wallet you will not receive an airdrop from the project. A new Monad testnet is being launched today, and the team, depending on on-chain activity, selected 128,000 wallets to which they sent test tokens, thereby excluding sybil.

[Yucky]

Telegram projects and testnets, be careful while some turn out, you, it's not guarantee. The crypto space is a shaky space, the most secure coin is Bitcoin, which is not at always at its best, so imagine other coins and testnets, if you want to give it a try, the advice remains the same, be careful, invest with an amount that you can afford to loss, make sure you do your personal research very well before you try, because, just like telegram airdrops, there were times testnets were cashing out, but it's not like that now, so you just have to be careful in what you are investing in.

[Awaklara]

Telegram projects and testnets, be careful while some turn out, you, it's not guarantee. The crypto space is a shaky space, the most secure coin is Bitcoin, which is not at always at its best, so imagine other coins and testnets, if you want to give it a try, the advice remains the same, be careful, invest with an amount that you can afford to loss, make sure you do your personal research very well before you try, because, just like telegram airdrops, there were times testnets were cashing out, but it's not like that now, so you just have to be careful in what you are investing in.

airdrop may be less risky where we may only lose time. but for testnet, it sometimes requires some cost to run the task. we can think of it as money we invest in the project we support.
of course, there are those who succeed and more who fail. people who like this must have known the risk. especially when it comes to connecting a wallet to a web project. there have been many cases that have happened and we can learn from all of them.

[$crypto$]

This advice has nothing to do with reality, since almost all projects eliminate sybil and if you don't have enough on-chain activity in other networks such as Ethereum, Base, Arbitrum, Poligon and BSC, then you are 100% likely to be included in this list and, accordingly, will not receive an airdrop.

I agree that the advice has a big condition, use new wallets for airdrop, and do it with a device that doesn't store your big or main capital. This condition is hard to have with many people practically.

Today, my words are once again confirmed that with a new wallet you will not receive an airdrop from the project. A new Monad testnet is being launched today, and the team, depending on on-chain activity, selected 128,000 wallets to which they sent test tokens, thereby excluding sybil.

New wallets are difficult to get airdrops because now most of them are seen from onchain activity, such as the monad testnet where I won some amount of tokens but when the other wallet has no onchain activity then it doesn't get anything.
Now testnet monad tokens are hard to get.

[Patikno]

Telegram projects and testnets, be careful while some turn out, you, it's not guarantee. The crypto space is a shaky space, the most secure coin is Bitcoin, which is not at always at its best, so imagine other coins and testnets, if you want to give it a try, the advice remains the same, be careful, invest with an amount that you can afford to loss, make sure you do your personal research very well before you try, because, just like telegram airdrops, there were times testnets were cashing out, but it's not like that now, so you just have to be careful in what you are investing in.

Basically the testnet project is free and there is nothing related to investing or putting our money. Maybe what you mean is Retro-active which involves capital to do the testnet. And, while the airdrop on telegram is getting more unclear, and many of them take advantage of its users to do difficult things to get rewards, and one of them is by investing in their telegram airdrop, and surely this needs to be watched out for, because it carries the risk of losing money as you said.

[Bryan jessy]

They were profitable before now, until it was ruined by some set of people who allowed greed grip them, and ripped them off the benefits they would have achieved from this airdrops. Lots of person are bound in taking advantages of any privilege given to them and with that abuses every thing.

[Mpamaegbu]

Testnets stand a better chance of making people more money than the now conspicuous tap tap airdrops because there are just few people into testnets. Project teams always set their tokenomics and community rewards are also factored into such. So, since few people participate in testnets, rewards are distributed among those few participants and that usually turn out huge quantities for them. That's what makes testnets more profitable than the tap tap airdrops where the crowd flocks to.

[Patikno]

Testnets stand a better chance of making people more money than the now conspicuous tap tap airdrops because there are just few people into testnets. Project teams always set their tokenomics and community rewards are also factored into such. So, since few people participate in testnets, rewards are distributed among those few participants and that usually turn out huge quantities for them. That's what makes testnets more profitable than the tap tap airdrops where the crowd flocks to.

Apart from what you mentioned, the thing that makes testnet have more potential income opportunities than taptap airdrop is because I see that funding for testnet projects is more than tap-tap airdrops, especially now I see some tap-tap airdrops starting to lose direction, in the sense that I usually see tap-tap airdrops using telegram more often for their media, while lately telegram has made a policy that makes tap-tap projects have limitations. And I also agree with your opinion with the tap-tap airdrop that is too flashy, so few people are involved in the testnet, so that means the airdrop allocation for each testnet participant is much larger and more profitable, compared to tap-tap airdrops that have many users to share their airdrop prizes.

[BenCodie]

Before yes, very much, nowadays, not really. Too many people farm them with hundreds if not thousands of accounts.
And it's shilled everywhere, so you get like cents now. Maybe few bucks if you're lucky

Not entirely true. One of the most recent successes was hyperliquid, which made some instant millionaires.

Testnet projects like Berachain, Mitosis and Sahara AI keep showing up on my feed and it seem investors might really go  hard on these projects as they look promising especially Berachain which airdrop checker is out now and i heard it’s getting listed tomorrow but i would like to know if anyone here participated and what the price could likely because i’m contemplating investing in it or not.

It's hit and miss, and anything showing up on your feed should require even more due diligence than if you found it based on your own exploring or deep research.

Some people do not know what this is. Are you "getting paid" with a promise of future credits, or literally test tokens on a testnet which are not originally intended to have value? 

Before chains go to mainnet, some create an airdrop that incentivizes communities to do certain activities on their testnet (helps to iron out bugs, build community/ecosystem before the mainnet, kick-start development on their chain, helps with reach and marketing and so on). After the airdrop period is over, everyone gets rewarded based on their activity. 

[Derekfunds]

After the rise and fall of Telegram projects we’ve seen how quick people can switch from hyping projects to attacking them ( i agree these projects deserved the attacks ). Farming new projects was seen as total waste of time but surprisingly farmers are hyping up testnet projects/airdrops now claiming they are the next big thing.

Testnet projects like Berachain, Mitosis and Sahara AI keep showing up on my feed and it seem investors might really go  hard on these projects as they look promising especially Berachain which airdrop checker is out now and i heard it’s getting listed tomorrow but i would like to know if anyone here participated and what the price could likely because i’m contemplating investing in it or not.

Some testnet project are legit while some are not so it is left for a farmer to figure out the ones that are legit and the ones that are not so that they don't waste their time and energy farming nonsense. I have a friend who is into testnet and airdrop trust me he is making money from it and he has used it to solve some of his problems. I haven't heard of the project you mentioned and before you invest in it, you should first know the plans and aim of the team if  they actually want better for it or if they just want to lure people in and run away with there money because that is what most of them do.

[GbitG]

Testnets stand a better chance of making people more money than the now conspicuous tap tap airdrops because there are just few people into testnets. Project teams always set their tokenomics and community rewards are also factored into such. So, since few people participate in testnets, rewards are distributed among those few participants and that usually turn out huge quantities for them. That's what makes testnets more profitable than the tap tap airdrops where the crowd flocks to.

Nope, i disagree with you on this statement: "There is just a few people into testnets" because the fact is that nowadays most airdrop hunters are chasing testnets and participating in almost each one of them. So just like how normal airdrops or tap-tap airdrop were crowded by people, similarly, testnets are also becoming crowded by people with the time because people have realized that those who participate in testnets tend to get good rewards sometimes. And now they are literally trying their luck in each of them because they never know which one will get them the sustained rewards.

So trying your luck in testnets or airdrop is not a bad idea, but we should need to understand that spending a lot of money on these airdrops sometimes can cause you to lose because sometimes when the rewards have been distributed, you might not get compensated enough for the money that you have spent on them.