Is it Worth the Time to Participate in Airdrops - Considering LayerZero

[BattleAxe1]

Recently, the buzz around LayerZero has been making the rounds as the ZRO token will be going live for trading on various cex starting tomorrow. I guess.

At least I've seen the announcements from CEX like Bitget, OKX, KuCoin and others. And those who participated in the drop are all high in expectations.

It's recently I started delving into the realm of crypto airdrops, and although I find them a great way to bring exposure to the project, I remain cautious (as giving away money for free raises some concerns).

Left for the Pre-Market trading that's recently being adopted by various cex, more of an OTC platform for trading new coins before official listing, which I feel is offering more flexibility for buyers and sellers to establish orders in advance. Is there potential for high profitability in Airdrops these days?

I'm aware of those who end up spending more on swap fees and require significant sums to claim. Although the diverse feedback with stories ranging from substantial drop earnings to small amounts received. Additionally, it seems that participating in airdrops can really be time-consuming.

What's the hope of Airdropers, investors and crypto enthusiasts in the LayerZero that's causing the buzz on different spaces?

I'm not seeking information on specific projects; I'd like to hear about your personal experiences with airdrops.

[Musa]

I've had a chance to join the LayerZero (ZRO) airdrop and it's pretty cool to see all the excitement now that ZRO is trading on major exchanges like Bitget, Bybit and MEXC. Airdrops can feel like a gamble for sure, but I think they're a neat way to get your foot in the door with a new project early on. The LayerZero protocol itself seems to have some real potential,  and I'm curious to see how ZRO performs in the long run.

[milewilda]

I've had a chance to join the LayerZero (ZRO) airdrop and it's pretty cool to see all the excitement now that ZRO is trading on major exchanges like Bitget, Bybit and MEXC. Airdrops can feel like a gamble for sure, but I think they're a neat way to get your foot in the door with a new project early on. The LayerZero protocol itself seems to have some real potential,  and I'm curious to see how ZRO performs in the long run.

Did actually have some regrets that i havent been able to grind this ZRO until the very end on which midway i have stopped on doing so due to that gas fee spending on making those
transactions on which it is really that indeed a gamble if you would really be tending up to spend some money on something which there's no assurance that it would really be ending up
a successful project. Yes, you would really be needing up that research on the moment that you would be dealing up with a new project. If you do able to get in on  the testnet phase
then you have indeed make up some serious profits as of this moment.

[Rruchi man]

There are people who have been lucky with airdrops that they participated in, but they are also many people who are just wasting the their time chasing after airdrops when they should rather be trying to invest in cryptocurrency directly either by buying bitcoin or any other reputable altcoin through a strategy.

[Zed0X]

There are people who have been lucky with airdrops that they participated in, but they are also many people who are just wasting the their time chasing after airdrops when they should rather be trying to invest in cryptocurrency directly either by buying bitcoin or any other reputable altcoin through a strategy.

It's not really wasting time because a lot of airdrops today are about buying older altcoins and partcipating in swaps and staking it. It's like they earn some points from doing all of that over a period of time. If they meet the requirements, only then they qualify.

[LogitechMouse]

Re: Is it Worth the Time to Participate in Airdrops - Considering LayerZero

With how airdrops are performing right now, for me personally, I think that it's still worth the time to participate in airdrops... that only if you have some spare bucks to use to join into them.

There are still some airdrops that only require you to do some tasks in order for you to be eligible on it, but with how easy it is to do, it will be saturated and the amount that you can get through it is very low that it will not be worth it. Right now, if you want to get a huge number of free tokens in airdrops, you need to have a huge amount of cash as well to invest in their project (through staking, liquidity pool, etc). TBH, airdrops are still worth the time to participate, but you need to find the legit ones. I want to say popular ones as well, but the more popular the project is, the more people will participate hence, the lesser you might get.

[Kemarit]

There are people who have been lucky with airdrops that they participated in, but they are also many people who are just wasting the their time chasing after airdrops when they should rather be trying to invest in cryptocurrency directly either by buying bitcoin or any other reputable altcoin through a strategy.

Maybe those who have been at least in the 2017 boom of airdrops and it's subsequent decline in 2018 might have this kind of mindset and think that it's waste of time already, and yes, it could be true. Gone are the days wherein airdrops are really worth something and for sure some Legendary members back then have earn good amount of money.

But after that, it's a different story, market seems to be saturated already, every projects has airdrops and there are a lot of crypto enthusiast who fell for the trap and join but later on very disappointment as it's not worth as it used to before. And some drawbacks about it is that those received the airdrop are the first one to dump it right away, causing the price to plunge.

Maybe there could still be some project that is worth to look for airdrop but it's very hard to pinpoint which one is going to be successful or not.

[hugeblack]

You get Airdrops mostly for free or by doing simple tasks, and even those that require purchase have a different price than the listing price. The problem always lies in the price after listing, as it drops sharply, but whenever the Airdrop achieves a target at the launch price, it is considered profitable, but this represents less than 1 % of the airdrops on the market, and many of them require conditions that not everyone can implement.

[bitmover]

Recently, the buzz around LayerZero has been making the rounds as the ZRO token will be going live for trading on various cex starting tomorrow. I guess.

What was necessary to be eligible for the airdrop?

I have seen so many which requires staking a swaping a lot..
And staking lots of amounts has some risk.

[MUGNIA]

looking at layerzero, I think airdrops are still worth doing, provided that we have to be consistent with the existing rules, if you only work half way then don't expect to get results, because you really need to pay attention to the rules when doing an airdrop like this layerzero, there are many who don't comply. I think it's because of a trivial problem, but this is actually a lesson for the next airdrop, especially since Layer Zero needs funds to carry out its mission.

[albon]

Recently, the buzz around LayerZero has been making the rounds as the ZRO token will be going live for trading on various cex starting tomorrow. I guess.

What was necessary to be eligible for the airdrop?

I have seen so many which requires staking a swaping a lot..
And staking lots of amounts has some risk.

Yes, you are true
The issue of tasks is normal but whenever you are asked to do fund staking then see that it is big capital. Actually airdrop is free tokens only after solving some tasks. However it cannot be free to collect points by investing. Some projects are creating such hype through telegram mining. Claim per hour and get some point which you can convert token in future. But in some projects there is a fee to do this free mining.

[akeemqaz]

I was able to get a little from the Layer Zero airdrop because I didn't do much on the network. I couldn't sell such a small amount, so I decided to stake some with Bitget PoolX to earn more.
Although I'm still looking for another way to earn more without having to sell some of my $ZRO or wait for days when unstaking.
Even if I were to sell now, the value has already dropped.

[Hamza2424]

In a few words that not the right time, the market is still in a panic and consolidation zone, and most of the new investors as well are tiered and also don't expect much from most of the TGE's in the Q2, but yup you can accumulate the good projects in this timeline make sure to consider community stand while accumulating because in most of projects community is not happy.

Edit:

Haha, the Airdrop community is very upset due to some recent airdrops like ZK, ATH and some other highly expensive farmed Airdrops, So in my view, it is better to wait for the right to start farming the potential projects, keep in mind the snapshots are in most of the cases they take snapshots on a random basis and timeline.

Haha I'm waiting for the biggest flop of this cycle Linea, they are gonna die haha, Linea farmers spent their life savings in airdrop farming, and TBH I've also wasted almost $70, not a big deal but yup it's a big deal because it worth 0, those who are still farming haha boys best of luck, just avoid suicides.

[Hamza2424]

delete........

[pieppiep]

I was able to get a little from the Layer Zero airdrop because I didn't do much on the network. I couldn't sell such a small amount, so I decided to stake some with Bitget PoolX to earn more.
Although I'm still looking for another way to earn more without having to sell some of my $ZRO or wait for days when unstaking.
Even if I were to sell now, the value has already dropped.

Lucky for those who still get the opportunity to Layer Zero, because so far the participants are quite limited and there are special requirements needed to qualify for the airdrop. It seems like there is no other way, what we need to do is make this an important lesson to be more active in carrying out airdrop tasks so that the wallet we use is worthy of getting an airdrop. If the value goes down, this is normal because the airdrop participants sell the tokens they have received.