What you need to keep in mind about Crypto Airdrops

Airdrops have become a normal way for crypto projects developers to promote their projects and one could argue that it works - almost half of the time. The other half of the time, well, the coin got itself into a dumping situation.


While being at the risk of being dumped on the day of the drop, some projects have been successful and stayed relevant until today. For example, 1Inch and Uniswap. The first airdrop in crypto was Auroracoin dropping around 31.8 AUR per registered user. I have no idea how much that was when airdropped in 2014. You can read about the project here.


As airdropping is a normal terminology used in our crypto society, scammers has found their way into scamming people who are looking for airdrops. Mainly, the use the desperation for quick money that airdrop hunters are exposed to, to phish your details and steal away your crypto from you. They prey on your desire for free money. Research (es) is/are your best friend! Well, easier said than done. Most of these scams are cleverly disguised as genuine projects. Sometimes, people are too gullible for free stuff.

Today we have airdrops that resembles scammy ads of a ponzi scheme waiting for rug pull. If it feels and look like one, its because it is. Nothing in this world is risk-free. Nothing in this world is free. Except for good airdrops that want you to use their platforms genuinely in hope you will spread the words to normies and bring in more money to their staking projects.

We have seen lots of these ads and post within this community and I can't say enough hate to how malicious their intentions were.

Fast forward to today, you can see all of this seemingly looked legit "crypto airdrops" posts everywhere in social media, articles, ads, and some of them are sent directly to your wallet. lol.


Please do not, I repeat, DO NOT interact with this NFT or you'll get your wallet drained.

Lucky for us, the hot wallet developers found a way and with the recent updates, these types of NFTs are no longer be able to sent from wallet to another. I am sure that these scammers will find another way to deliver their malicious intents directly to our wallets in the future. Whatever it is, don't interact with them.

Not all Sunshine

Of course, there are few projects that have failed due to how the project and its tokenomic is structured during the airdrop event. One of the example of a good airdrop in the recent time is DYM (Dymension) where you could stake your airdrop tokens into their LP for the potential airdrops in the future, and this is a good move by the developers as we can see with TIA (Celestia).

Since most of the airdrop receivers primary motives are to sell their token on the day of the release, it is only natural that the price action shows volatile movement in their first week. Once the dust are settled, the said coin will receive its fair valuation and stay in that range for quite sometime until huge events of bull and bear market happen.

I have received my shares of airdrop tokens in the past and still hold onto some of them until today since I find there was no need for me to sell them. I love my TIA and ATOM being staked for their yearly returns and potential airdrops.

While some I have sold to increase my stake on other projects as I figured that certain projects are not worthwhile staking. One of them was Terra Luna due to how cringey Do Kwon was. I sold my Terra stake 2 months before its capitulation happened as there was a lot of news and proof that the project resembles a ponzi scheme more so than other projects around. There's a saying, "When in doubt, know your way out". I heard that in Zombieland movie, it might have been said by others before that.


But, whatever people choose to do with their airdrops are ultimately theirs. This is crypto, you are free to do whatever you want to do. If you choose to dump your airdrop tokens, then by all means, do it. Nobody knows. Nobody care enough to check on you. lol. If you choose otherwise, then good for you buddy. The point of crypto is to have enough freedom to do whatever you pleased financially. The developers of these projects know this, and they account for it. Well, good project developers anyway knows it. That is why, a good project has a good counter-measure to how to handle the situation of mass dumping during airdrops.

Some will actually go through vesting periods, some will actually just goes and let it happen because they know they are building a good project that will attract real users and investors. The later seems to be happening quite often. If a project is good, then money will flow into them regardless of the coin dumping in the first few weeks of its launching.

My 2Cents on Airdrop

I believe that a well developed project that started from airdrops will always stand strong in the test of time and will flourish. Users who can judge if a good project backed by astounding good developers will then reap the rewards of their loyalty. These are the diamond hands.

God forbid if there are still projects that has cult like following (Cardano and XRP) - no offense, but those projects promises things that they can't deliver. To certain extend, these projects stand on their egoistic beliefs, just like Do Kwon and SBF did while virtue signaling to my annoyance.

Therefor I'm out, until I am proven wrong anyway. Its crypto, I am allowed to do whatever I want with my money. 😁 I love crypto and its future outlook, and I think airdrop will play dominant role towards that. Honestly speaking, it has become a nuance.


The question is if the projects are genuine, or just a sham. Learning how to distinguished in between both, will greatly reward your participation.

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