There are a lot of airdrops popping left and right recently. Of course, all of this was caused by legendary Uniswap airdrop. A lot of scammers and other bad actors trying to ride this hype wagon and creating a lot of airdrop projects. Usually, these are telegram channels where they allegedly handing out "free" tokens. Most of them are empty scams and won't be worth anything. Think about yourself, use your brain: in order for your free coins to be worth something - someone has to buy them off of you. Your sell is someone else's buy. This is a zero-sum game after all and given that some of these airdrop channels have 20k-30k members its just plain stupidity to assume that someone going to buy these coins that have $0 base value on the market.
There are exceptions of course, whose success feeds this whole airdrop hype movement. Projects like Uniswap (UNI) but don't even think about them here. This type of generous event happens once in a few years and cannot be predicted and then Uniswap is the real project generating huge amount of profits by having a real, working product. Uniswap is most important part of Defi ecosystem. So, forget about next Uniswap airdrop, at least forget finding it among these scammy projects.
🔹Furthermore, we have unique success stories like XIOT or MEME which airdrops were worth thousands of $ or even dozens of thousands $. But the thing about them is that barely anyone knew about them, it was airdropped to a close number of people, insiders and other "friends". Also, most didn't hold till their high $, most sold their coins right at the listing for some "peanuts".
🔹Lastly, we now have to talk about how you should act if you decide to engage with the rest 99,99% of cases. If you participate in any airdrop, then first of all - do NOT send them any money if they ask (example: send us some money to claim your airdrop or to cover fees associated with distributing, like in case with recent scam "wbtc"). Second of all, if you need to use an email for any reason, then use your disposable, empty email you have no registrations on. I think that was obvious. And lastly, know your risks and don't be scared too much: if they just ask you for your telegram name and erc20 address and nothing else except that, then no worries here, you can try it. Worst case scenario they will then ask you to send them crypto to claim but you just ignore and move on. Best case scenario, you get some airdrop that might or might not worth some $.
Share to your friends, please. Keep your money yours. Stay safe out there!
of airdrops popping left and right recently. Of course, all of this was caused by legendary Uniswap airdrop. A lot of scammers and other bad actors trying to ride this hype wagon and creating a lot of airdrop projects. Usually, these are telegram channels where they allegedly handing out "free" tokens. Most of them are empty scams and won't be worth anything. Think about yourself, use your brain: in order for your free coins to be worth something - someone has to buy them off of you. Your sell is someone else's buy. This is a zero-sum game after all and given that some of these airdrop channels have 20k-30k members its just plain stupidity to assume that someone going to buy these coins that have $0 base value on the market.
There are exceptions of course, whose success feeds this whole airdrop hype movement. Projects like Uniswap (UNI) but don't even think about them here. This type of generous event happens once in a few years and cannot be predicted and then Uniswap is the real project generating huge amount of profits by having a real, working product. Uniswap is most important part of Defi ecosystem. So, forget about next Uniswap airdrop, at least forget finding it among these scammy projects.
🔹Furthermore, we have unique success stories like XIOT or MEME which airdrops were worth thousands of $ or even dozens of thousands $. But the thing about them is that barely anyone knew about them, it was airdropped to a close number of people, insiders and other "friends". Also, most didn't hold till their high $, most sold their coins right at the listing for some "peanuts".
🔹Lastly, we now have to talk about how you should act if you decide to engage with the rest 99,99% of cases. If you participate in any airdrop, then first of all - do NOT send them any