The UGLY truth about crypto airdrops (2024)

you just need to understand simple things, projects now have a lot of money even without a token, drop goes not only to people but to the core team (they take money for themselves). Don't be naive, there will be drops because it's the team that benefits the most

Devs shld p'bly burn their extra tokens rather than airdrops for price appreciation, right?

There are very few crypto companies with inherently utilitarian value. Its all about money for the majority of users at this moment.

Makes perfect sense. The big question is what percentage of users continue to be loyal (use and hold) after the airdrop bingo initially pulled them in(?)

Thank you, Hatoshi..
I concur with your opinion on airdrops.
On your second point, I think that the ICP project has implemented a secure, scalable and functional L1 blockchain and is focusing on the developer community and organic growth... albeit this sucks as an investor because the chains with the hyped up narratives and airdrops are the ones that attract more early adopters and therefore liquidity and therefore more hype.

Exciting times ahead in the crypto world! The potential for a significant bull run in XRP, indicated by what's possibly the largest bull flag in crypto history, could mark a transformative period for investors. With the anticipated Bitcoin ETF approval on the horizon, we're looking at a scenario that might not only boost XRP but also bring substantial capital inflows into the broader cryptocurrency market. This development could be a game-changer, enhancing market liquidity and opening new opportunities for savvy traders....managed to grow a nest egg of around 100k to a decent 467k in the space of a few months.. Amidst this the insights of a knowledgeable guide like Antonia White can be crucial. Her expertise in navigating the nuances of cryptocurrency investments could be the key to understanding and making the most of these emerging financial trends.

The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest and trade in gold, stock and digital currencies. C. Kevin insights and charts are productive.

Are you on old school?

TRUE.... Nothing but the TRUTH on all what you said brother

I can see both sides of this but lean more towards continuing with airdrops in many situations. It’s an attention economy and for success they need a good splash. It brings people why try their stuff and ultimately can lead to long term use IF they like the dapp. It helps bootstrap liquidity by attracting users. An L1 rewarding stakers with ecosystem tokens is a really great thing that works for everyone when done right.
Ultimately the good L1’s and protocols will survive.

What I hate about airdrops is people who say stake the bare minimum among 10-20 wallets just to dump. But hell if I lived in poverty or something I’d do it and be damn thankful for them.

Dude just copied Cryptocito's "The Truth About Airdrops" what a clown

Interesting view and for protocols I mostly agree since they continuously get dumped to zero but blockchains themselves are thriving due to the initial boost in TVL from airdrops. Arbitrum, Optimism, Aptos, Injective, Celestia and most recently Manta are just a handful of examples. I think crypto influencers are worse for the space than the airdrops themselves. They’re the ones pushing this “get rich from airdrops” narrative. That being said I like your viewpoints even though I don’t fully agree.

I don’t bother with air drops as it’s not worth the risk because of filthy scammers😡

Cardano has the killer app being built. $BOOK is gonna cook 🔥 🔥🔥

The problem is, there is no need for hundrets of dexes and tausends of staking oportunities. There is to much offer and less demand. So the people hop from one to another after recieving the airdrop.

The opinion does make sense, but if there's no incentive (airdrop), then people might not even bother trying. I myself have been hodling atom dydx token for long time, but never once I tried the DEX, just leave it at CEX. But with the airdrop, I finally tried Keplr wallet, the dashboard which I think very easy to use and UI friendly, and started staking, voting, and I might soon try providing LP. Yes of course, I'll most probably liquidate everything after bull run

They earn from fees and give us this money 😂

Fud. Who cares.. just dont buy them

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