Are Testnet projects/airdrops profitable ?

[SiliconHat]

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.

[BaronDheist]

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? 

[Aanuoluwatofunmi]

OP the best answer for now has been given, they are not of value, so don't take them serious even if the hype on them were much that they started convincing people for going into them, there might be a different intentions for them to be doing so, some may want their testnet to get noticed together with their platform, while some are even promoting their sites by offering for free a speculated amount of testnet for free, imagine all these, they are not real values and even airdrops are more better in value than testnet coins, as said earlier, for now, they are of no value.

[btcltcdigger]

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

[AVE5]

( 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.

You can't say farming on new projects are waste of time because every other coins that has seem good and reliable today had sometimes had a begining of being a new coin. Instead, it'd go better if you say farming on new coins is risky because it's difficult to locate reputable coins due to how they all happens to have same marketing strategies of hyping on the motive to acquire the project values and also acquires volume of community users.
I guess you don't mean to say we've reached an end time to see new dependable coins again because as much as I know, the Solana blockchain had proved it Worth of producing some good MemeCoins but then I'm not going to be specific of what Coins because I wouldn't want a misconception that would be misleading.
Just bump into the market limitedly to what your risk can bear.

[Stable090]

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.

People that participated in Telegram mining, their expectations were just so high during that period, and they ended up being disappointed after most of those coins did distribution. What I notice about people that participated in Telegram mining is that most of them were new to the crypto space, and they don’t really know how all this airdrop thing operates, they just wanted to make money. When participating in an airdrop, always make sure your expectations are low, in case they don’t pay well, you won’t really be disappointed.

Testnet is not really new like Telegram mining, it has been available for some time, and people have been making money from it. What people should understand is that even some Testnet airdrops are still going to disappoint people, so not all Testnets do end up paying well, some are not even going to pay at all.

[albon]

i would like to know if anyone here participated and what the price could likely because i’m contemplating investing in it or not.

I have heard about this project for more than a year ago, but I am not sure if I participated in it or not. I will check their official accounts on social media to see if I qualify for their airdrop.

Frankly, it has been a long time since the Telegram airdrops, and I have completely retired from this field because it feels like a waste of time; although anyone can profit from it, it depends on luck. That's why I prefer to focus on things that bring guaranteed returns for me rather than this.

Testnet projects, although participation is free, may have airdrops that are not guaranteed or fruitful, just like the Telegram airdrops.

As for answering your question, you alone can answer it after you see the strength of the project and its technology, the community’s interest in what it provides, and the actual use cases the token is associated with. Then, you can decide whether to invest or not.

[terrific]

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.

They are attacking it now because of disappointment. Many have farmed those airdrops from the TON network because they seem on the hype but then, it didn't last too long. And that's why they are now attacking them for not being profitable and wasting their time. But, that's part of finding good airdrops.

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.

I want to say enough about a project that's too promising on my perspective. Not all of them that have the potential really got to the top. But if this is the project that you're trying to check out and shill in there, many won't follow your suit.

[$crypto$]

i would like to know if anyone here participated and what the price could likely because i’m contemplating investing in it or not.

I have heard about this project for more than a year ago, but I am not sure if I participated in it or not. I will check their official accounts on social media to see if I qualify for their airdrop.

Berachain was already a year ago if I'm not mistaken, when it first appeared, I participated in the testnet for several months to collect a lot of tx in their dapps, but I stopped when the Berachain developer said there would be no token allocation for the testnet, so I decided to stop until I forgot.

The testnet allocation is only 8,250,000 (1.65%) while there are many joiners --- there are still many people complaining about this small allocation.

[SilverCryptoBullet]

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.

If you can receive coins, tokens by doing testnet tasks, it's good and actuall profitable.

Why I say so?
Because with testnet, you can claim testnet coins, tokens and use them for testnet tasks without any cost. You don't have to buy testnet coins or tokens, they are free.

Oppositely if it is main net coin or token, you will have to buy it for paying on chain transaction fees, it will cost you some thing and if at the end you won't be eligible for airdrop distribution, it's unprofitable.

[Publictalk792]

Cryptocurrency world is known for being unpredictable and success and failure of Telegram projects show this. It is interesting to see how people who invest in cryptocurrencies are now excited about testnet projects and airdrops even though they did not think they were worth their time before. Berachain is one project that is getting a lot of attention especially since its airdrop checker is now available and it is about to be listed. And there are many projects are in the market and I think it is not easy to invest in every project or have time to work on all of them. If we focus on one project which is good and have some good investors and have good fund raising so we should focus on them. Others are the waste of time.

[SiliconHat]

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

I agree, cheaters go as far as using bots in farming most of this projects.

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?  

You get rewarded with testnet tokens which can be traded when it get listed on exchanges. It’s called “test network” because basically you get rewards for testing and experimenting apps and network upgrades.

[ABCbits]

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? 

You get rewarded with testnet tokens which can be traded when it get listed on exchanges. It’s called “test network” because basically you get rewards for testing and experimenting apps and network upgrades.

I guess the definition shifted. Usually it's known as coin/token that supposed not to have any financial/monetary value. Anyway, it doesn't change the fact that they don't want to pay professional tester either with fiat or popular coin where they pay amateur tester with their own token that probably have little or no value.

[btcltcdigger]

I agree, cheaters go as far as using bots in farming most of this projects.

And these projects turn a blind eye towards it, as their sponsors and revenue depend on number of users, bot or real. So as long as the stats are good, they allow it.
But when the time comes to distribute reward, they clean up the obvious ones. But 99% of bots are left, diluting normal users reward

[Patikno]

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.

I would say "YES", because I see that there is a lot of support such as partnerships and investors who provide support for several projects, so I see that some projects such as testnet are very profitable. Personally, I also see that the Berachain airdrop checker has been provided as OP mentioned, and as a user I have checked the allocation I got and it was only a little, maybe because I was not serious and focused on working on it. So in essence I think there are so many testnet projects that have the potential to be profitable, but it needs to be realized that all of that requires patience and focus, because we know the time needed is not short, and it takes quite a long time to be profitable.

[Iamcrypticguy]

OP the best answer for now has been given, they are not of value, so don't take them serious even if the hype on them were much that they started convincing people for going into them, there might be a different intentions for them to be doing so, some may want their testnet to get noticed together with their platform, while some are even promoting their sites by offering for free a speculated amount of testnet for free, imagine all these, they are not real values and even airdrops are more better in value than testnet coins, as said earlier, for now, they are of no value.

Ermm I beg to defer. I'll take testnets airdrops anyday more than any other.. RN I'm even participating in Mango testnets and it has been smooth. We'll talk about that later. Someone held beracahin NTFs for two years and got over a million BERA as airdrop, those that participated in the testnets got allocations too. The listing is in an hr 13 mins and I'm following the timer.

Though I believe the token will dump due to jeet, but it's fundamentals is solid..

Now back to the former one, testnets projects gives the most lucrative drops. XION, FUEL, SOLV just to nake a few. The key is knowing which one that'll cook..

[alecfisker]

confirmed testnet aidrops

Code:

Berachain
Metis
SatoshiVM
Aleo
SmartLayer
Taiko
Quai
Fuel

[Zigabel]

These projects aren't valued yet are mostly based on promises and hopes hence if you are wanting to invest in it, I suggest it's better you  wait after lunch to see it's value,  by then you get it the clear the potential ahead,  I know you want to hop in early but it's better to be safe than sorry.

[ajiz138]

These projects aren't valued yet are mostly based on promises and hopes hence if you are wanting to invest in it, I suggest it's better you  wait after lunch to see it's value,  by then you get it the clear the potential ahead,  I know you want to hop in early but it's better to be safe than sorry.

Buying tokens for the reason of early investment but you suppose waiting after the listing then it is not good usually after the listing the token will drop more than 50% in the next few weeks.

Unless you invest early such as in a funding or presale then this still makes sense you will get a cheap price compared to waiting for the price from the exchange.
There have been many instances where tokens have plummeted after listing and look at BERA now.

[Pandorak]

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.

This is a common thing in the airdrop world, when there is one project that can give big rewards to users who work on the project, then everyone will be FOMO with the project, until in the end the developers make the same project because it is hype. And when it comes to testnets, this has actually been around for a long time, it's just that the hype has returned recently, after the previous telegram airdrop. like in 2022 where the APTOSLABS testnet project, gave a very large reward of more than $2k per user, then what happened was that almost all projects held testnets.