Post
Topic
Board Altcoin Discussion
Re: Do you suggest participate in airdrop? why?
by
bitgolden
on 21/05/2019, 11:18:04 UTC
Nowadays many ICOs offer free coins, but we have two problems with this free coins, the first one the value of this coins will drop after start trading due to a lot have free coins willing to sell it, and the second they ask for your ID (KYC), and i think it is very risky to send your IDs to any one.

Please vote to help others

1. It's common to happen for airdrop tokens, once the token listed on exchange, the price will fall so deep because no one want to hold the airdrop tokens.
2. Some airdrop will ask you to do KYC verification, for me it's not worth. Trading my ID information with airdrop token that only worth a couple of bucks or even less, so nope for me.
It’s a no no for me too, if the project was even worth it, it would not have been issue for me to give my KYC, but the problem is the number of projects that request for KYC now, how many time would one continue to drop ones information in this industry just to have access to a little token that is not worth it?

If it was the period when projects still have very good projects that will make their coin grow in future, one would have risked it, but now, you still get to hold a coin that may not even enter exchange for a long time and when they do,they end up getting dumped immediately.