Airdrops have become one of the most common ways for new crypto projects to gain attention, grow communities, and reward early supporters.
But I’ve noticed a trend a lot of these projects have massive sell pressure right after the airdrop claim period. Early holders dump their free tokens, and surely the price crashes, and the project struggles to recover.
Some people argue that airdrops are great for marketing and getting more users, while others believe they create a short-term hype bubble and hurt long-term value.
In this day and age, it seems there are still legitimate airdrops in the cryptocurrency field, but they are quiet and not as loud. Most of the ones I've seen are on DeFi platforms. However, there is a risk because you need to use their protocol and transfer funds to do so.
This concept and system have been around for a long time, and I've joined some that look promising. I can also pull my funds out of the protocol anytime, and so far, so good.
I'm just sharing my experience, so I can say that some are still okay.