Airdrop Discussion Generally

[Yanghudi]

Airdrop is one of the marketing strategies carried out by web3 projects by giving crypto currency prizes to people who have met the legitimate requirements to get the prize.

 -Purpose of airdrop-
Introduce the project to users massively
Build a community
Conduct platform testing
Prizes for loyal users
etc.

 -Conditions for getting airdrop-
Complete certain tasks according to the instructions for organizing irdrop
Follow the provisions set by the organizer, such as no double accounts, no multi wallets, airdrops must be done routinely.

 -Types of airdrops-
Using capital
without capital

 -The process of an airdrop campaign-
Project idea
formation of a core project team
creating a project prototype
finding capital/raising funds
recruiting a complementary project team and ambassadors
building a community
airdrop campaign

[Futurexxx]

Chasing airdrops in the good old days use to not just fun but also lucrative, but right now what they normally does is to build a strong community, use them to make money by compelling them to watch videos on YouTube and some adds videos, after all the works and hassle, they will give them peanut, and these types of airdrops mostly happens in telegram mini games, though the other airdrop outside telegram are still cool, but seeing an airdrop that will make you a fortune like in the good old days is very rare, that's why me personally have given up on AirDrop long time ago, since they now focus more on milking their community instead of rewarding them for the works.

[Cointxz]

Airdrop was introduced way before Web3. It’s frequently being used by altcoins project that doesn’t have funds for their marketing to attract users to join their community in exchange of their token that doesn’t have value that time.

The current version of airdrop evolved since startup project already have funding from VC while they use it to hype the token awareness by sending it to community for trading activity and to attract retail to invest due to the hype.

[coin-investor]

Airdrop is one of the marketing strategies carried out by web3 projects by giving crypto currency prizes to people who have met the legitimate requirements to get the prize.

I first received my frst airdrop 8 years ago and its not coming from Web3. The concept of Web3 has not existed long before airdrops existed, and its idea is very different from what we've known today

-Conditions for getting airdrop-
Complete certain tasks according to the instructions for organizing irdrop

There is no condition or tasks involved; all you have to do is drop your wallet address or PM your address, and you will receive your shares. There were only a handful of participants; now, one airdrop project can generate hundreds of thousands of participants, and many of these are bots.

There are airdrop platforms and a large community of airdrops; it's become an industry because it's easy for a project to build a community with airdrop.

[Odusko]

Is interesting to know that not only web3 projects that make airdrop offer's for early testers, all the other past cryptocurrency hypes have been doing so, infact the web 3 thing have a lot to do as regards to airdrops projects since most of those projects never meet up with the market expectations and rather become an exit scam on they investors, this is what make most of the airdrop and bounty to be unfavorable for most participants.

[cryptotact11]

Chasing airdrops in the good old days use to not just fun but also lucrative, but right now what they normally does is to build a strong community, use them to make money by compelling them to watch videos on YouTube and some adds videos, after all the works and hassle, they will give them peanut, and these types of airdrops mostly happens in telegram mini games, though the other airdrop outside telegram are still cool, but seeing an airdrop that will make you a fortune like in the good old days is very rare, that's why me personally have given up on AirDrop long time ago, since they now focus more on milking their community instead of rewarding them for the works.

I strongly disagree here, airdrops do not build communities anymore. There are too many people who consider farming airdrops as a job, but that is very bad. You can look at any project that has a good airdrop to confirm my statement. As soon as the airdrop farming is over and distribution has been done, the activity in their telegram and discord drops dramatically. This means that in most cases airdrops are not effective at building a community, instead they only attract farmers who are stealing money and moving away.

[Firstfrost]

Airdrop is one of the marketing strategies carried out by web3 projects by giving crypto currency prizes to people who have met the legitimate requirements to get the prize.

I first received my frst airdrop 8 years ago and its not coming from Web3. The concept of Web3 has not existed long before airdrops existed, and its idea is very different from what we've known today

-Conditions for getting airdrop-
Complete certain tasks according to the instructions for organizing irdrop

There is no condition or tasks involved; all you have to do is drop your wallet address or PM your address, and you will receive your shares. There were only a handful of participants; now, one airdrop project can generate hundreds of thousands of participants, and many of these are bots.

There are airdrop platforms and a large community of airdrops; it's become an industry because it's easy for a project to build a community with airdrop.

Good old days! That was when airdrops were not well known, they were easy and lucrative but now after Web3 has went mainstream it’s even difficult for these projects to keep their community growing after they’ve launched. Because both projects devs, investors and airdrop farmers are in for the money and not interested in community growth. However, i think a few are still able to keep a strong community like Kaito is building.

[Kavelj22]

 -Purpose of airdrop-
Introduce the project to users massively
Build a community
Conduct platform testing
Prizes for loyal users
etc.

I think you've forgotten the most important purpose of an airdrop. Let's ask the most important question first: Who launches an airdrop? Surely it's a project that doesn't have capital and wants to build a budget by collecting investor money. How is that possible? They market a coin/token that is distributed for free or as part of bounty campaigns for those who will help promote the project, with the token behind it. Then we wait for it to gain some traction, get listed on an exchange, and the team takes its share. Then what? Nothing, because there is no concept of a solid project to begin with.

-Conditions for getting airdrop-
Complete certain tasks according to the instructions for organizing irdrop
Follow the provisions set by the organizer, such as no double accounts, no multi wallets, airdrops must be done routinely.

This is simply having enough time and effort to waste on pointless tasks promoting a project or token that no one will ever need for anything later. Sometimes you'll find yourself promoting a scam without even realizing it.

[aioc]

This is simply having enough time and effort to waste on pointless tasks promoting a project or token that no one will ever need for anything later. Sometimes you'll find yourself promoting a scam without even realizing it.

We are flooded with airdrops, so we should not act like we are going to hit jackpots by working in as many airdrops as possible. One parameter to look up is who or what companies are behind the project, and who is initially funding the project and its developers.
Not all airdrops are good; you must discern what is good and false. You're going to work for months and these airdrops, so better check if they are real and with good potential.

[Kavelj22]

This is simply having enough time and effort to waste on pointless tasks promoting a project or token that no one will ever need for anything later. Sometimes you'll find yourself promoting a scam without even realizing it.

We are flooded with airdrops, so we should not act like we are going to hit jackpots by working in as many airdrops as possible. One parameter to look up is who or what companies are behind the project, and who is initially funding the project and its developers.
Not all airdrops are good; you must discern what is good and false. You're going to work for months and these airdrops, so better check if they are real and with good potential.

I don't know of any successful airdrop project. A token may be listed on a platform for a period of time, but that doesn't mean the project is a success. Are you, as an airdrop participant, betting on the success of the project, which is supposed to lead to the success of the token? Or is it the token's success that matters to you?

[Pandorak]

Airdrop is indeed an event with free tokens by doing certain tasks such as social media, etc. Apart from aiming to get tokens, developers create these events to attract investors and find communities so that their projects can be recognized by many people.

However, the benefits obtained from airdrops today are very different from before, perhaps due to the presence of Binance alpha which makes competition tighter between users, Binance which uses capital to collect points, it is said that Binance users are called real users because they are required to KYC before starting a transaction, although there are a small number of people who use this as a field to make money, even they do KYC using AI. Compared to airdrop users who can only surrender, although they keep trying, sometimes the results are not in line with what is expected, because the allocation for the community is reduced because the allocation must be shared with Binance alpha, so users who should be eligible become ineligible, allocations that should be large become smaller.

[mk4]

I strongly disagree here, airdrops do not build communities anymore. There are too many people who consider farming airdrops as a job, but that is very bad. You can look at any project that has a good airdrop to confirm my statement. As soon as the airdrop farming is over and distribution has been done, the activity in their telegram and discord drops dramatically. This means that in most cases airdrops are not effective at building a community, instead they only attract farmers who are stealing money and moving away.

In the first place, the airdrops that require you to spam Twitter/Telegram/Discord are bad by default anyway. Not a single decent project founder would ask their community to spam for token share.

[Webetcoins]

Airdrop is indeed an event with free tokens by doing certain tasks such as social media, etc. Apart from aiming to get tokens, developers create these events to attract investors and find communities so that their projects can be recognized by many people.

However, the benefits obtained from airdrops today are very different from before, perhaps due to the presence of Binance alpha which makes competition tighter between users, Binance which uses capital to collect points, it is said that Binance users are called real users because they are required to KYC before starting a transaction, although there are a small number of people who use this as a field to make money, even they do KYC using AI. Compared to airdrop users who can only surrender, although they keep trying, sometimes the results are not in line with what is expected, because the allocation for the community is reduced because the allocation must be shared with Binance alpha, so users who should be eligible become ineligible, allocations that should be large become smaller.

Not all airdrops now are free and then most of the tasks now are different. I would say they became a bit complex. It does not mean that they are now highly profitable. So, it is a bad update for the many. I have heard of that Binance Alpha before but I think that actually makes the competition less tight because fake entries are now eliminated.

There might still be projects or airdrops that doesn't partners with Binance and their Binance Alpha. So, if we are only a minimalist we can still stick with them. They can be risky in a way that we may not get paid but if we get lucky, our profits can surely exceed than compared to those Binance Alpha users. It is also due to the fact that some normal airdrops can still be joined for free, while this Binance Alpha sounds not.

[tygeade]

We are flooded with airdrops, so we should not act like we are going to hit jackpots by working in as many airdrops as possible. One parameter to look up is who or what companies are behind the project, and who is initially funding the project and its developers.
Not all airdrops are good; you must discern what is good and false. You're going to work for months and these airdrops, so better check if they are real and with good potential.

Yeah, there are hundreds of coins you can collect within seconds but they are useless. Gone are the golden days, I think it was 2017-18, when you could participate in any airdrop campaign and get good amount of money. Now almost all the airdrops are scam and most of them won't even get listed anywhere. People spend months on such airdrops and I can't imagine how they must feel after getting nothing in return.

It's better to fins a job and work for a month, you have better chances of earning good amount there. Airdrops do pay but you have to get really lucky. My friend participated in some airdrop and that earned him about $800, just for a few weeks of light work. This though happened to him after hundreds of bad airdrops so chances are low and overall not worth hunting them.

[Pandorak]

(...)

Not all airdrops now are free and then most of the tasks now are different. I would say they became a bit complex. It does not mean that they are now highly profitable. So, it is a bad update for the many. I have heard of that Binance Alpha before but I think that actually makes the competition less tight because fake entries are now eliminated.

There might still be projects or airdrops that doesn't partners with Binance and their Binance Alpha. So, if we are only a minimalist we can still stick with them. They can be risky in a way that we may not get paid but if we get lucky, our profits can surely exceed than compared to those Binance Alpha users. It is also due to the fact that some normal airdrops can still be joined for free, while this Binance Alpha sounds not.

Right now, it's hard to say all is well, considering it's been a very difficult year for airdrop users due to the effects of the emergence of Binance alpha. If we think logically, what project wouldn't want its token to be listed on Binance? All projects would want to and Binance is offering it for free with the caveat that developers must give a few percent of their supply to Binance, and then this allocation will be given to Binance alpha users who meet certain point criteria.

Honestly, some of my friends chose to quit airdrops because of this, because projects that were worked on for months and even up to several years only rewarded a few dollars, it looks sad, right, that's the reality. Even retroactive is no longer worth it to work on, projects now are different from past projects such as Arbitrum, Optimism, etc, they really value the community.

[dumpsterhawk]

(...)

Not all airdrops now are free and then most of the tasks now are different. I would say they became a bit complex. It does not mean that they are now highly profitable. So, it is a bad update for the many. I have heard of that Binance Alpha before but I think that actually makes the competition less tight because fake entries are now eliminated.

There might still be projects or airdrops that doesn't partners with Binance and their Binance Alpha. So, if we are only a minimalist we can still stick with them. They can be risky in a way that we may not get paid but if we get lucky, our profits can surely exceed than compared to those Binance Alpha users. It is also due to the fact that some normal airdrops can still be joined for free, while this Binance Alpha sounds not.

Right now, it's hard to say all is well, considering it's been a very difficult year for airdrop users due to the effects of the emergence of Binance alpha. If we think logically, what project wouldn't want its token to be listed on Binance? All projects would want to and Binance is offering it for free with the caveat that developers must give a few percent of their supply to Binance, and then this allocation will be given to Binance alpha users who meet certain point criteria.

Honestly, some of my friends chose to quit airdrops because of this, because projects that were worked on for months and even up to several years only rewarded a few dollars, it looks sad, right, that's the reality. Even retroactive is no longer worth it to work on, projects now are different from past projects such as Arbitrum, Optimism, etc, they really value the community.

Yeah I had this happen to me too. Airdrops are not what they used to be, now the people who run the projects are extremely greedy. If they see that the community may get a lot of money in some cases they even try to change airdrop terms or introduce new restrictions much later to limit the number of people who get it. I have also stopped doing airdrops and think they are a waste of time. Even minimum wage work in most poor countries pays better.

[TastyChillySauce00]

This is simply having enough time and effort to waste on pointless tasks promoting a project or token that no one will ever need for anything later. Sometimes you'll find yourself promoting a scam without even realizing it.

We are flooded with airdrops, so we should not act like we are going to hit jackpots by working in as many airdrops as possible. One parameter to look up is who or what companies are behind the project, and who is initially funding the project and its developers.
Not all airdrops are good; you must discern what is good and false. You're going to work for months and these airdrops, so better check if they are real and with good potential.

Nowadays, VC backing doesn't guarantee anything, the allocation for airdrop will always get cuts at the end of the campaign for liquidity in exchange and to make sure there's not too much selling pressure.

So it's basically hit or miss, what we can do is just trial and error.
It's the same case like resolv where I staked money for almost a year and got nothing because too much cuts for CEX starting from binance alpha and others.

[kotajikikox]

Chasing airdrops in the good old days use to not just fun but also lucrative,

They used to be fun because they made profit. Now no one else is having any more fun because it’s not really as profitable as it used to be. Now even with extreme efforts, it just doesn’t seem to bring any results.

but right now what they normally does is to build a strong community, use them to make money by compelling them to watch videos on YouTube and some adds videos, after all the works and hassle, they will give them peanut, and these types of airdrops mostly happens in telegram mini games, though the other airdrop outside telegram are still cool, but seeing an airdrop that will make you a fortune like in the good old days is very rare, that's why me personally have given up on AirDrop long time ago, since they now focus more on milking their community instead of rewarding them for the works.

Those times are behind. I don’t know if we will ever get that back again.

[Akbarkoe]

Chasing airdrops in the good old days use to not just fun but also lucrative,

They used to be fun because they made profit. Now no one else is having any more fun because it’s not really as profitable as it used to be. Now even with extreme efforts, it just doesn’t seem to bring any results.

Now it is much more selective because developers want a real community and more contributions, more or less have to interact with their products and we have to spend money to complete tasks, and also today it is based on points in calculating airdrops and it is quite difficult for those who do not have capita

but right now what they normally does is to build a strong community, use them to make money by compelling them to watch videos on YouTube and some adds videos, after all the works and hassle, they will give them peanut, and these types of airdrops mostly happens in telegram mini games, though the other airdrop outside telegram are still cool, but seeing an airdrop that will make you a fortune like in the good old days is very rare, that's why me personally have given up on AirDrop long time ago, since they now focus more on milking their community instead of rewarding them for the works.

Those times are behind. I don’t know if we will ever get that back again.

It still exists but is very rare today, because they currently need additional money and also those who know crypto are already very many, so to sort out many hunters, in the future it will be even more difficult because the community footprint is easy to form today and dare to spend money to carry out each task.

[Accardo]

Yeah I had this happen to me too. Airdrops are not what they used to be, now the people who run the projects are extremely greedy. If they see that the community may get a lot of money in some cases they even try to change airdrop terms or introduce new restrictions much later to limit the number of people who get it. I have also stopped doing airdrops and think they are a waste of time. Even minimum wage work in most poor countries pays better.

Airdrops that claim to give extravagant rewards are popular ingenuine projects. But, participants who use airdrops as a way to earn in crypto always find legitimate ones that pays and are familiar at indicating illegitimate airdrops. So, airdrops are not quite favorable to people who wouldn't accept the losses, risks, and the unpredictable nature of it. Those who don't quit and go ahead to try some more, end up hitting it big, and they're considered lucky atmost.