I decided to take a break from degen and alt trading, but I still don’t want to pass the days without anything at hand. Recently, I’ve been seeing events on Twitter with captivating captions, but I doubt their legitimacy. While double-checking some, I saw one that includes downloading an exchange app to qualify for rewards, but I’m a little skeptical about going for it. What do you think of such events? Am I wasting my time, or could it be worth something?
I have also seen such promotion in social media which requires downloading the app of an exchange as part of the requirements to qualify for reward. It is the way the exchange expand their user base if it is the exchange running the promotion directly or another way individuals earn from the referral program of the exchange when you sign up in their exchange using their unique referral link. Most of the times, the effort put into this and the reward that comes with it do not correspond thereby making it a waste of time. But as it does not involve putting money into it but time and energy, I think it is not bad after all. But care must be taken because scammers or phishing attempt can be planned through these methods.
If there's downloading of some application involve then provably the people who participate should be careful regarding on the apps they are downloading since they might downloads those risky apps which have malwares inside that possibly can compromise them.
But if they are transparent and they just made those method just to promote their exchange then I think its fine since by that we may have some assurance that everything is fine. The only question if people who participate could able to earn. That's why if they can spend time to participate then can accept the fact that there's a chance that they can earn also there are times doesn't then everything is good since somehow that is the life of airdrop hunters which everything they participate doesn't have any assurance to earn.