Post
Topic
Board Altcoin Discussion
Re: Here is why people make money from Airdrops
by
AVE5
on 30/05/2024, 12:00:33 UTC
There was a heavy argument among us during this thread, and to be honest, we learned from each other. The essence of the discussion was about whether Airdrops are beneficial or not; some argued it is, while some said it's not. Well, from my findings, I'd say it's a 50-50 game.

I'll agree with you that airdrop projects are depended on a 50/50 either participants would profit out of it or not. The only factor of airdrop being attractive is that it doesn't require participants funding. So you can imagine a platform with potential claims of providing profits demanding participants funds but on 50/50 bargains to make profit, of course it'd be a dead gone so soon project. That's equivalent to the MemeCoins.


I also mentioned that airdrops that have the opportunity to be listed on exchanges have every tendency of appreciating in price. .
I disagree with you here. There had been multiple number of coins that has been listed in the exchanges and was later delisted simply because the coin doesn't have a value and the developers weren't devoted enough to make provisions for to evaluate the coin. Exchange would only provide the coin with community visibility and contributes to a wide spread and doesn't signify that exchange listing a coin has authenticated it to be valuable.


so if you check, you did see that these airdrops do give people money. What you've to consider is;
 1. The Chain they're been developed on,
 2. What Impact can it give and are cex putting interest in it?
 3. most importantly patience. Patience is the Ultimate you need to have in this Crypto Ecosystem in general
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How much patient do you think Investors and participants should have in such cases of 50/50 deal knowing quite well that your coin could be so dramatic and just die off from your hand after much holding patiently. That's is all because there's no reputations about the coin but a coin with reputation is do worthy to hold so patiently.