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Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: Paldo.io on April 14, 2024, 05:52:07 AM

Title: [GUIDE] What are Crypto Airdrops?
Post by: Paldo.io on April 14, 2024, 05:52:07 AM
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Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: TomPluz on April 14, 2024, 06:15:11 AM


As expected, there had been an influx of airdrops coming from good and bad crypto platforms especially in the last two quarters of 2023 and into 2024 as we entered the bullish season and with the surge of people's interest on cryptocurrency because of the coming halving event I really heard more and more airdrops offered to eager participants with some costing some amount of dollars and free ones (of course, this requires some time, effort and a little bit of skills). In the first phase of the history of Bitcoin, faucets become popular which resembled then like airdrops today...and many did make good money especially if they kept what they got until Bitcoin really valuable. I know of some friends who made double-digit when the airdropped coins or tokens made it to credible exchanges and got good price of their own. Unfortunately, I got already tired in participating with bounties that I got burned out and did not have the taste for airdrops. These days, many bounties are not anymore lucrative and have become like the vehicle for scamming projects to take the limelight on the stage though there are of course many similarities with airdrops and bounties and can be considered as linked and intertwined. I am then looking at this Paldo site to see if I would love to participate with the airdrops which I assumed to be vetted and not done in random which is good for us.




Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: DabsPoorVersion on April 14, 2024, 03:10:01 PM
Guides / Tutorials about airdrops are being published again. The more we get to the exciting part of the bull run the more I see posts like this, not only in forums but also in social media. But that's a good thing to also give information, especially for some people who have lost hope in participating in airdrops. I, myself, know that airdrops nowadays are profitable compared to when we are in the bear market.

Because of the popularity of airdrops, there are even some people in our country, who even initiate to conduct a mastering airdrop course. It's a good initiative, actually. But the only thing I disagree with is they require a participation fee. LOL.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: armanda90 on April 14, 2024, 10:12:24 PM
Its easily guide understood well for the beginner to participant in airdrop, I like with OP ideas how publishing simple and easy way for new comer in cryptocurrency want to earn trough airdrop project. All OP explaining clearly from the first step for joining airdrop until the last step.
I think add some example of airdrop and what requirement needed for participating in airdrop from social media account such as twitter, discord, telegram until the way how to create wallet for receiving airdrop coins or token in the future.
Give some success example for publishing from the airdrop and not forget to include with some retroactive airdrop to make beginner motivate for joining airdrop.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: bayu7adi on April 15, 2024, 06:07:56 AM
Because of the popularity of airdrops, there are even some people in our country, who even initiate to conduct a mastering airdrop course. It's a good initiative, actually. But the only thing I disagree with is they require a participation fee. LOL.
If there is a fee and there is a guarantee that participants will get something of equal or greater value than the fee paid, that is no problem. In fact, usually airdrops that use fees have a small number of participants, so airdrop results can be maximized if you use a pool system.

This fee does not have to be paid directly, but could be a main requirement such as capturing transactions or something else. Like Uniswap, which requires users to have made transactions several months before the airdrop announcement was launched. There are those who spend some money on airdrops, and as long as it's worth it, why not?
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: Paldo.io on April 15, 2024, 06:56:45 AM
Because of the popularity of airdrops, there are even some people in our country, who even initiate to conduct a mastering airdrop course. It's a good initiative, actually. But the only thing I disagree with is they require a participation fee. LOL.

Not much of a fan as well because there's so much free info on the internet(like this one!). But hey, I guess creating a seminar does require a good amount of time and effort, so I'm not really against it.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: Learn Bitcoin on April 16, 2024, 09:04:14 AM
----

Thanks for sharing the guide. Even though most of us know these things, newbies will be able to find it very helpful. Moreover, I found a website to bookmark. I have checked your website and joined the Grass Airdrop. I have some suggestions for you. Please wrote more details about the airdrop and shared your own opinion about the project.

There are not many people in this forum who check the airdrop section. People do not share airdrops as well because it is forbidden to share the reference link. No ref link, no income. So, there is no reason people will share these airdrops.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: DabsPoorVersion on April 16, 2024, 02:06:05 PM
Because of the popularity of airdrops, there are even some people in our country, who even initiate to conduct a mastering airdrop course. It's a good initiative, actually. But the only thing I disagree with is they require a participation fee. LOL.

Not much of a fan as well because there's so much free info on the internet(like this one!). But hey, I guess creating a seminar does require a good amount of time and effort, so I'm not really against it.
You've said it yourself, there's internet that anyone can access for free. There should be no room for greedy people who have learned about airdrop, and then decide to initiate a seminar with a fee instead of sharing what they have learned in the past with the aspiring airdrop hunters. Imagine, charging a fee of $60 more or less per person to participate in that seminar.

If they want to help newbies, they should conduct a seminar online, or create a step-by-step video. They should try to utilize everything they have for the main goal of helping other people. In my point of view, charging newbies to learn what you can learn through the internet for free is the same as taking advantage of those people.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: Findingnemo on April 16, 2024, 02:12:52 PM
I just want to point out other risks of being into airdrops which you didn't mention on the page. The important one is phishing in the name of airdrops, often scammers/hackers use a dummy project to collect all the sensitive user data from crypto users to attack them with more information about the victims. So be careful with the airdrops and better avoid using most sensitive data.

Also, use a separate address to collect your rewards from airdrops from your primary address this can mitigate the risk of scammer that how much you own.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: Paldo.io on April 17, 2024, 01:53:20 AM
I just want to point out other risks of being into airdrops which you didn't mention on the page. The important one is phishing in the name of airdrops, often scammers/hackers use a dummy project to collect all the sensitive user data from crypto users to attack them with more information about the victims. So be careful with the airdrops and better avoid using most sensitive data.
Risk is pretty much near zero if people use Paldo.io because the main reason why I put the website up is to filter out all those scams lol. Also, not a zero airdrop listed on Paldo.io requires AML/KYC.

Also, use a separate address to collect your rewards from airdrops from your primary address this can mitigate the risk of scammer that how much you own.
If viable, yes. Most platforms though? You're going to need to deposit some liquidity. A burner wallet is nonviable 95% of the time unless you're farming those Telegram airdrops that give out crappy tokens(which I don't list on Paldo.io).
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: DabsPoorVersion on April 17, 2024, 01:21:54 PM
I just want to point out other risks of being into airdrops which you didn't mention on the page. The important one is phishing in the name of airdrops, often scammers/hackers use a dummy project to collect all the sensitive user data from crypto users to attack them with more information about the victims. So be careful with the airdrops and better avoid using most sensitive data.
Risk is pretty much near zero if people use Paldo.io because the main reason why I put the website up is to filter out all those scams lol. Also, not a zero airdrop listed on Paldo.io requires AML/KYC.
Maybe you can show something more to make your words credible. People will look for a negative side since they don't find any reason to believe in your words especially since your account is a newbie account. They might think that the airdrops listed might be full of scams or phishing and not being filtered by you.

Though I fully support using your website as I have experience and know those listed airdrops you have on your website. Aside from that, I know you from the other forum. ;)
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: Faisal2202 on April 18, 2024, 11:54:37 PM
Great work OP, You have explained well about Airdrops although you advertised your website in it also but I think that's ok as well. Because you deserve it, I should bookmark it so others would easily read as people not read posts, but they do read text written on images. I don't know why but I think its more attractive that way. Well, I visited your website and the number of airdrops there are very few, as I know you are only handpicking the ones that can give us huge returns.

But I suggest you guys should also add short term and point based airdrops, like the airdrops in which we make points by posting on twitter and tagging the projects, I think such airdrops are also worthy enough to be on your website. I liked the layout as its very simple and I will join your TG as well. let's see what you guys have on your TG, As far as I have seen handling TG is very hard task.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: LogitechMouse on April 21, 2024, 02:52:40 PM
Saw this on Bitcointalk and I would say, it's a great website.

An airdrop aggregator is a big help for those people who are into airdrops and instead of them spending too much time finding reliable airdrops that has a potential to give huge amounts of money to those who're eligible, they will just go to this website and just find the airdrops that they wanted to join with.I don't see anything wrong with putting your referral link on different airdrops as well because it's like "the payment" for putting all of the "possible good" airdrops in one website. They won't need to find it anymore. I guess I'll just hope that the website remains updated as much as possible.

With the bull market happening possible a few months from now, more airdrops might come to join. Beware of scam airdrops as well. :)
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: taufik123 on April 21, 2024, 04:22:29 PM
You've said it yourself, there's internet that anyone can access for free. There should be no room for greedy people who have learned about airdrop, and then decide to initiate a seminar with a fee instead of sharing what they have learned in the past with the aspiring airdrop hunters. Imagine, charging a fee of $60 more or less per person to participate in that seminar.

If they want to help newbies, they should conduct a seminar online, or create a step-by-step video. They should try to utilize everything they have for the main goal of helping other people. In my point of view, charging newbies to learn what you can learn through the internet for free is the same as taking advantage of those people.
That's what I also think, when beginners are looking for a guide to do the airdrop properly they should meet with a group of people or groups who will provide tutorials and tips that must be paid a certain amount.

It's like taking advantage and forcing someone else to pay for a tutorial that doesn't necessarily yield anything.
Even though the knowledge obtained is free, and charges others with costs that are arguably quite expensive for a beginner.

I'd rather join a telegram Airdrop group with lots of solid members and provide tutorials for free,
there's even a Chat session that can be used to ask questions if there are some things you don't understand.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: UNIVERSE on April 28, 2024, 11:23:04 PM
Because of the popularity of airdrops, there are even some people in our country, who even initiate to conduct a mastering airdrop course. It's a good initiative, actually. But the only thing I disagree with is they require a participation fee. LOL.
If there is a fee and there is a guarantee that participants will get something of equal or greater value than the fee paid, that is no problem. In fact, usually airdrops that use fees have a small number of participants, so airdrop results can be maximized if you use a pool system.

This fee does not have to be paid directly, but could be a main requirement such as capturing transactions or something else. Like Uniswap, which requires users to have made transactions several months before the airdrop announcement was launched. There are those who spend some money on airdrops, and as long as it's worth it, why not?
Indeed, this makes sense.
It cannot be denied that if we do an airdrop, our desire is to get good results from the airdrop. especially if it requires a fee. In this case, the fee is a very small amount. If the fee is considered quite high, even more than 5$, this will be very suspicious, right? Therefore, we as airdrop hunters also have to consider the pluses and minuses, and the possibilities of whether this is a scam or not.

In the past, I had already issued it, an airdrop on blockchain or another platform, it was a long time ago and I forgot, and if I remember correctly, I had to have a fee or something, but it was really a very small amount. And it is used as transfer only. so after that it really really made a difference. At that time you could get at least $25, which is quite good considering the fee paid doesn't reach $1.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: joniboini on April 29, 2024, 06:22:49 PM
If the fee is considered quite high, even more than 5$, this will be very suspicious, right? Therefore, we as airdrop hunters also have to consider the pluses and minuses, and the possibilities of whether this is a scam or not.
Does airdrop that explicitly asks for a fee still exist? As far as my experience goes, most of them have pivoted to fees farming as mentioned above, or locking your tokens for some period of time before you can withdraw it again. At least that's how it goes with layer-2 airdrop, while NFTs airdrop requires you to mint some NFT and so on. I don't think scammers will use this $5 paid upfront technique nowadays since it won't be as effective as before.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: Aanuoluwatofunmi on April 29, 2024, 07:15:08 PM
Airdrops are aimed or targeted to give us little idea on how we could earn little by little incentives, make transactions and use the crypto network effectively, they are sometimes given as free distributions for some of its participants, but of recently, people are no more interested in running after them as much are scam and not rewarding as before, so its only advised that newbies should take opportunities of learning from some of these airdrops and earn free rewards to have a start with.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: Dr.Bitcoin_Strange on April 30, 2024, 09:25:01 PM
If the fee is considered quite high, even more than 5$, this will be very suspicious, right? Therefore, we as airdrop hunters also have to consider the pluses and minuses, and the possibilities of whether this is a scam or not.
Does airdrop that explicitly asks for a fee still exist? As far as my experience goes, most of them have pivoted to fees farming as mentioned above, or locking your tokens for some period of time before you can withdraw it again. At least that's how it goes with layer-2 airdrop, while NFTs airdrop requires you to mint some NFT and so on. I don't think scammers will use this $5 paid upfront technique nowadays since it won't be as effective as before.
You're absolutely right, airdrops has indeed evolved beyond the explicit fee model, and so have scammers also evolved and have adapted their tactics.

Phishing airdrops are the most common model for scammers right now, they'll create fake airdrops that actual copies the look and features of a real one, they often use this to steal users assets as well as some sensitive informations.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: Paldo.io on May 04, 2024, 01:58:23 AM
Maybe you can show something more to make your words credible. People will look for a negative side since they don't find any reason to believe in your words especially since your account is a newbie account. They might think that the airdrops listed might be full of scams or phishing and not being filtered by you.

Though I fully support using your website as I have experience and know those listed airdrops you have on your website. Aside from that, I know you from the other forum. ;)
In hindsight — I think I should've used my other forum's username instead for better reputation lol.  :o

But I suggest you guys should also add short term and point based airdrops, like the airdrops in which we make points by posting on twitter and tagging the projects, I think such airdrops are also worthy enough to be on your website. I liked the layout as its very simple and I will join your TG as well. let's see what you guys have on your TG, As far as I have seen handling TG is very hard task.
I'm so not a fan of those social media airdrops. The reputable airdrops has moved on from those to liquidity airdrops already. Thanks for the recommendation tho!

Because of the popularity of airdrops, there are even some people in our country, who even initiate to conduct a mastering airdrop course. It's a good initiative, actually. But the only thing I disagree with is they require a participation fee. LOL.
If there is a fee and there is a guarantee that participants will get something of equal or greater value than the fee paid, that is no problem. In fact, usually airdrops that use fees have a small number of participants, so airdrop results can be maximized if you use a pool system.

This fee does not have to be paid directly, but could be a main requirement such as capturing transactions or something else. Like Uniswap, which requires users to have made transactions several months before the airdrop announcement was launched. There are those who spend some money on airdrops, and as long as it's worth it, why not?
Indeed, this makes sense.
It cannot be denied that if we do an airdrop, our desire is to get good results from the airdrop. especially if it requires a fee. In this case, the fee is a very small amount. If the fee is considered quite high, even more than 5$, this will be very suspicious, right? Therefore, we as airdrop hunters also have to consider the pluses and minuses, and the possibilities of whether this is a scam or not.

In the past, I had already issued it, an airdrop on blockchain or another platform, it was a long time ago and I forgot, and if I remember correctly, I had to have a fee or something, but it was really a very small amount. And it is used as transfer only. so after that it really really made a difference. At that time you could get at least $25, which is quite good considering the fee paid doesn't reach $1.
Yea — contrary to what a lot of people think, most airdrops(good and bad) aren't really 'free'. The good airdrops today that pay really well require you to stake or provide liquidity(albeit temporarily, you can withdraw after); with the risk of protocol exploit. Though I carefully handpick what I list on Paldo.io to make the risks as low as possible, this risk can't be 100% prevented.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: DabsPoorVersion on May 04, 2024, 02:57:24 PM
Maybe you can show something more to make your words credible. People will look for a negative side since they don't find any reason to believe in your words especially since your account is a newbie account. They might think that the airdrops listed might be full of scams or phishing and not being filtered by you.

Though I fully support using your website as I have experience and know those listed airdrops you have on your website. Aside from that, I know you from the other forum. ;)
In hindsight — I think I should've used my other forum's username instead for better reputation lol.  :o
Yeah, you should. But it should be fine, your content provides guide and not requiring payment to continue using, it's useful especially for airdrop hunters, this can save them a lot of time. Also the airdrops that was listed on your website have source, they can verify every information before they proceed on participating the airdrops and following your guides.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: Faisal2202 on May 10, 2024, 03:41:01 PM
I'm so not a fan of those social media airdrops. The reputable airdrops has moved on from those to liquidity airdrops already. Thanks for the recommendation tho!
Everyone has there choice, I have spent a good time on these social media airdrops accumulating points, which is also free to do, although unlike liquidity airdrops we have to give more time and the reward is lesser. But unlike these social media points-based airdrops, there is more risk of losing your investment in these liquidity airdrops. I mean you added LP and afterward, the pair starts to lose value. Although it would be a win-win if you are holding a token for the long term and you added it into LP to gain airdrop.

So no doubt you will be making a profit after a long time as your main aim is to hold that pair for a longer period of time, and you only added LP (another way to hold) and made extra bucks via Airdrops earnings. Speaking of reputable airdrops, many are still in the point system. Like I joined few more airdrops today which was basically testnet based and tasks were easy and free to do, and those platforms had more than $5 million of fundraising (minimum).
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: Aanuoluwatofunmi on May 10, 2024, 06:01:31 PM
Many are no longer finding this interesting since they don't stand a chance of earning any reward after a long term waiting on some of these airdrops, but most beginners are using that as an avenue of learning in other for them to get used to the system in crypto, but you will hardly see someone who is experience and is after the chase of airdrops, as regards this presentation from OP, its a nice one and will help newbies understand what airdrop is because its explanatory.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: Paldo.io on May 11, 2024, 02:49:25 AM
But unlike these social media points-based airdrops, there is more risk of losing your investment in these liquidity airdrops. I mean you added LP and afterward, the pair starts to lose value. Although it would be a win-win if you are holding a token for the long term and you added it into LP to gain airdrop.
Not really lol I wouldn't be recommending these airdrops if there was a higher chance of losing money (e.g. Tensor, etc). 90%+ of the LP airdrops listed on Paldo.io are lending-based and inverse-traders PnL from PERPs, not AMM-LP based as you're describing.


Speaking of reputable airdrops, many are still in the point system. Like I joined few more airdrops today which was basically testnet based and tasks were easy and free to do, and those platforms had more than $5 million of fundraising (minimum).
Most of the liquidity-based airdrops are using a point system simply because it's the best way to track progress.


Many are no longer finding this interesting since they don't stand a chance of earning any reward after a long term waiting on some of these airdrops, but most beginners are using that as an avenue of learning in other for them to get used to the system in crypto, but you will hardly see someone who is experience and is after the chase of airdrops, as regards this presentation from OP, its a nice one and will help newbies understand what airdrop is because its explanatory.
Up to them if they don't want to participate. The lesser the participants, the more allocation I can get from the airdrop lol.

Patience has always been a problem with this industry, that's why you get people dumping their investments after they get bored. It's no different in the airdrop industry.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: taufik123 on May 12, 2024, 04:50:11 AM
Up to them if they don't want to participate. The lesser the participants, the more allocation I can get from the airdrop lol.

Patience has always been a problem with this industry, that's why you get people dumping their investments after they get bored. It's no different in the airdrop industry.
The fewer participants, the more allocations available, but of course some airdrops do not clearly mention how much token allocation is given for airdrops.

It's about choice and confidence, but also do some research first to find out if the airdrop is really worth the reward or if it's just going to be a scam or just won't pay its participants well.

Because there are many airdrops that are very hated by the community and end up not having any development.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: armanda90 on May 12, 2024, 10:44:34 PM
Up to them if they don't want to participate. The lesser the participants, the more allocation I can get from the airdrop lol.

Patience has always been a problem with this industry, that's why you get people dumping their investments after they get bored. It's no different in the airdrop industry.
The fewer participants, the more allocations available, but of course some airdrops do not clearly mention how much token allocation is given for airdrops.

It's about choice and confidence, but also do some research first to find out if the airdrop is really worth the reward or if it's just going to be a scam or just won't pay its participants well.

Because there are many airdrops that are very hated by the community and end up not having any development.
Currently less airdrop clearly allocated how much reward for participants and make conclusion at the end of airdrop running, I think its bad side of airdrop why not mention on the early about their airdrop project reward depend on allocation of coins supply or estimate with dollar when sending airdrop reward.
I think not worth joining airdrop estimate dollar behind participants not limit, better depend on coins supply such as 2% or 5% allocated to community and airdrop participants.
Title: Re: [GUIDE] What are Crypto Airdrops?
Post by: taufik123 on May 13, 2024, 06:49:12 AM
-snip-
I think not worth joining airdrop estimate dollar behind participants not limit, better depend on coins supply such as 2% or 5% allocated to community and airdrop participants.
Yes it is better and clearer how many airdrops are allocated, but of course there will be a limit to how many participants for the airdrop.
If there is no limit it will only be a very small reward, because many participants work on more than one account or do farming airdrops.