Has anyone participated in an airdrop or ico that completed what they said they would? Or have they all just cleverly seized investor money for advertising and hype?
Think about it...
Scammer makes whitepaper making wild promises - cost $200
Website - cost $200
Blockchain- cost 0 (thanks open source)
Scammer issues 1 million airdrop tokens and collects user data that can be sold for hundreds of dollars per person
Scammer does ICO and raises 1 million dollars by issuing another million tokens, hyping it up with airdrop useful idiots.
Scammer does 20% premine on ICO tokens
Scammer now has 1 million dollars, plus 200 thousand dollars in premine tokens, and huge value in customer data.
Scammer bribes exchange, pumps price up like crazy, then dumps their tokens and repeats the process with a new group of idiots.