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Author Topic: Spamming with worthless tokens, what's the point?  (Read 784 times)

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Re: Spamming with worthless tokens, what's the point?
« Reply #30 on: May 17, 2024, 03:34:21 PM »
Usually, I don't keep my crypto on Metamask, but as you may know, sometimes projects offer something good. As you may know, there is a new ETH layer2 blockchain named Blast and their website is blast.io, they are offering something good. All you have to do is hold ETH on the Blast network and connect your wallet to their website. It will generate some points that will later convert into their native tokens. So, I was farming their airdrops with this wallet, and the scammer stole all my ETH on that chain. But, never mind. I revoked the connection, and all other networks except Blast and Arbitrum were safe.

I'm sorry for your loss, I hope it's not a significant amount, but I wouldn't blame Metamask for it. I learned a similar expensive lesson earlier, after that only Metamask + hardware (Trezor) wallet.
All airdrops where I have to hold ETH on some network are risky for me and that's an additional reason why I don't want to consider them.
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Re: Spamming with worthless tokens, what's the point?
« Reply #30 on: May 17, 2024, 03:34:21 PM »

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Re: Spamming with worthless tokens, what's the point?
« Reply #31 on: May 20, 2024, 04:21:11 PM »
Usually, I don't keep my crypto on Metamask, but as you may know, sometimes projects offer something good. As you may know, there is a new ETH layer2 blockchain named Blast and their website is blast.io, they are offering something good. All you have to do is hold ETH on the Blast network and connect your wallet to their website. It will generate some points that will later convert into their native tokens. So, I was farming their airdrops with this wallet, and the scammer stole all my ETH on that chain. But, never mind. I revoked the connection, and all other networks except Blast and Arbitrum were safe.

I'm sorry for your loss, I hope it's not a significant amount, but I wouldn't blame Metamask for it. I learned a similar expensive lesson earlier, after that only Metamask + hardware (Trezor) wallet.
All airdrops where I have to hold ETH on some network are risky for me and that's an additional reason why I don't want to consider them.

Airdrops now require that you interact a lot with smartcontracts.
Stake high amounts, high swap volumes etc... you spend lots of money doing those tasks for an unknown airdrop value
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Re: Spamming with worthless tokens, what's the point?
« Reply #32 on: May 20, 2024, 05:48:29 PM »
Airdrops now require that you interact a lot with smartcontracts.
Stake high amounts, high swap volumes etc... you spend lots of money doing those tasks for an unknown airdrop value

Well, testnet airdrop tasks require you to cost nothing but your time only by testing their platform. I prefer to participate in the testnet airdrops because they cost only testnet tokens. If it's a Layer 2 blockchain, then most of them require me to spend some gas fees on sepia, base, or other testnet ETH to participate in their test net. Some testnet requires tBTC to participate in their testnet.

As for staking and swapping volumes, yeah. Some platforms offer airdrops like that, but they are already on the mainnet. I do not prefer participating in such airdrops. But if a platform does not require staking but just holding an amount on a specific chain, then it's an awesome opportunity, right? The latest ETH layer two blockchains, Blast.io, is offering something good.
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Re: Spamming with worthless tokens, what's the point?
« Reply #33 on: May 25, 2024, 03:54:57 PM »
Airdrops now require that you interact a lot with smartcontracts.
Stake high amounts, high swap volumes etc... you spend lots of money doing those tasks for an unknown airdrop value

Well, testnet airdrop tasks require you to cost nothing but your time only by testing their platform. I prefer to participate in the testnet airdrops because they cost only testnet tokens. If it's a Layer 2 blockchain, then most of them require me to spend some gas fees on sepia, base, or other testnet ETH to participate in their test net. Some testnet requires tBTC to participate in their testnet.

As for staking and swapping volumes, yeah. Some platforms offer airdrops like that, but they are already on the mainnet. I do not prefer participating in such airdrops. But if a platform does not require staking but just holding an amount on a specific chain, then it's an awesome opportunity, right? The latest ETH layer two blockchains, Blast.io, is offering something good.
Testnets most of the time would be needing up some testnet gas which you could make use of Ex. Sepolia ETH if we are really that basing up on erc20 type projects
and so forth. The thing i do skip out on dealing with those airdrops is on the time that you would be making some tx volume on the network on which it is really needing up some
gas on which it would really be still that costly if you do ask me. So its not really that not all would really be able to freely join up these drops due to this kind of
arrangement on which it turns out that you would be still needing to invest or put up some funds for gas fees.

 

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