 | The majority of users here on the Steemit platform seem to know more or less what crypto and blockchain are about and they are also familiar with concept of Airdrops. I'd like to point out that this post is directed to those of you, dear readers, who already have some experience with Airdrops and would like to share it with me and others. |
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INTRODUCTION
Today I would like each one of you to look at that topic from a distance and from different "angles” if possible. Not only as someone who joined another airdrop simply in hopes to sell tokens they've received as soon as possible just to cash out profit. Try to put yourself in the shoes of potential investors or creators/owners of tokens "distributed” by airdrop.
MY PERSONAL VIEW
Let's face it, we all like "freebies". Especially if we can cash out those freebies in exchange for something that has "real" value to us. As a person who participates in airdrops I can only see some benefits.
Also, whoever is behind these airdrops seem to be benefiting, since this kind of marketing campaign doesn't cost them anything (or very little). After all: how great is it to build your brand and pay for it with your own tokens, which may have or may not have any value. Quite tempting.
 | But how do potential investors feel? Those who got involved and used their own resources hoping that the price of purchased tokens will grow in the long run. If I were one of them, I would feel cheated. |
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After all if I invest in any ICO/crypto then I would clearly expect, that raised funds will be used to cover future marketing expenses. And I would see airdrops as nothing more than "hidden costs". Pushing those costs on current investors. Someone needs to "pay for it". Markets flooded with free tokens will always react. And it won't be a reaction in favor of current investors.
I strongly believe that each crypto should be very clear and transparent about their marketing strategy from the very beginning. And all investors should be informed about the amount of tokens that will be redistributed in the form of Airdrops.
SHARE YOUR OPINION
 | I would like to ask each one of you, dear readers, to tell me what you think about this particular issue. Do you consider airdrops to be an efficient marketing campaign? Does this strategy bring any valuable traffic? |
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How would you personally react knowing that you invested large amount of money into some crypto, hoping that it will be another great investment, only to realize that the price of those tokens are being "killed" because all of a sudden, the market is being flooded by people who received all those free tokens.
Let me know your thoughts, I read and upvote all interesting comments.
Yours,
Piotr
Free money? I’ll take it.
I think it’s a stupid way to distribute coins however.
Thank you for dropping by and sharing your opinion on this particular topic @knircky
Appreciate. Enjoy your weekend
Piotr
Agreed
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I prefer coins which are mined into existence. The rest are creating money out of thin air IMO. Energy based currency FTW.
Dear @jphamer1
Thank you for you dropping by and for your sharing your thoughts on discussed topic.
Always appreciate it.
Yours
Piotr
Most of the airdrops are wasted time, many projects and tokens are without any value.
I can remember the SATX airdrop of Satoexchange for example, still no value, most airdrops and the projects only try to collect money.
For sure there are some valuable projects, but 80% aren't.
Have a wonderful day
Tom
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Dear @zanoni
Thank you for dropping by, for your comment. We're clearly on the same page here.
ps.
I used to live in Chiang Mai. Loved it there. But immigration finally made me feel sick or tired of constant issues with visas.
Where are you staying?
Yours
Piotr
Hello, I stay in Chonburi
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Hello my friend @crypto.piotr
About Airdrops .. it sounds like a free coin, no investment but you have to do some actions to get something..!! It sounds like as easy but I think it is not ..!!!
Investors have to invest time and trying to convince someone else that airdrops is a good ways to get something better. In this case getting some coins for “FREE”, this days are many tokens and I’m sure will appear more ..
Every token is in risk because markets flooded, every token is going down.
If people decide to invest in airdrops is because they have a lot of money to get new coins with a similar value of their balance...
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Dear @edgarare1
BIG THX for dropping by and sharing your opinion.
Just one more short question: What is your opinion on KYC required by so many airdrops?
Personally I strongly believe that each crypto/ICO that require KYC should be required by law to receive licence that would allow them to proceed with KYC. And in order to receive that licence, they would have to prove to local authorities that they follow some security standard and all collected informations are safe.
My biggest worry is the fact, that right now anyone can claim that they are "forced by regulators" to proceed with KYC and this is currently the easiest way to collect our personal data by 3rd parties. And we cannot know how well secured those datas are. We cannot even know if company is legit and isn't planning to sell those data to another 3rd party.
Appreciate. Enjoy your weekend
Piotr
That’s right my friend @crypto.piotr KYC is also tricky because most ICO companies often don’t know what they are supposed to do.
As a matter of law, only ICO companies pursuing business listed in the AML regulations are “obliged entities” under KYC/AML laws. As a matter of fact, most ICO companies are not “obliged entities”. That means they don’t need to do KYC themselves. But they have to assist their bank...that is the “obliged entity”... to meet its KYC obligations.
This means they have to provide all the information the bank needs to identify the ICO investors. They do not have to identify ICO investors themselves.
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Dear @edgarare1
I love your comment! Thank you for taking the time to share your view with me. Absolutely appreciate it.
Yours
Piotr
It's only efficient if they target their audience appropriately instead of simply giving it out anyone, unless it's a really low-value amont of tokens.
Dear @felipejoys
Thank you for you dropping by and for your sharing your thoughts on discussed topic.
Always appreciate it.
Yours
Piotr
@crypto.piotr has set 5.000 STEEM bounty on this post!
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Earn the bounty by commenting what you think the bounty creator wants to know from you.
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I like airdrops when they represent true money that I can collect.
Short and right to the point @darthgexe :)
I like airdrops when
They represent true money
That I can collect.
- darthgexe
I'm a bot. I detect haiku.
I have simply no time for the crypto number 4689 or 5671... they have all other wallets, knowledge, special conditions.
https://steemit.com/bitcoin/@deathcross/more-coins-in-the-crypto-crypt-i-invite-you-to-a-time-travel
Thx for your comment and sharing your link with me @deathcross
Will check it out right away. It's a bit to old to upvote, but at least I can learn something (I hope so :)
Cheers
Piotr
Hey @crypto.piotr,
interesting perspective from the point of view of an investor, I never thought about it in that way. It does seem quite unfair to investors to devalue their investment by giving away free tokens which others paid for. Disclosing the details of such actions before hand would be the logical thing to do for all ICO's.
We should demand it implemented as a standard piece of information ICO's and IEO's should disclose before going live with the first sale.
Have a good one,
Cheers!
Dear @runicar
I appreciate a lot your mature comment and I'm glad that we're coming to similar conclusions. Building our awareness is what we can do to protect ourselfs.
Yours
Piotr
The only problem I foresee is the portion of investors who would still not care to inform themselves beforehand, but then again, why should I care if they can't do some good old fashioned research to inform themselves fully, I guess they deserve to get "burnt" :D
Dear @runicar
I would also like to ask you a question. What is your opinion on KYC required by so many airdrops?
Personally I strongly believe that each crypto/ICO that require KYC should be required by law to receive licence that would allow them to proceed with KYC. And in order to receive that licence, they would have to prove to local authorities that they follow some security standard and all collected informations are safe.
My biggest worry is the fact, that right now anyone can claim that they are "forced by regulators" to proceed with KYC and this is currently the easiest way to collect our personal data by 3rd parties. And we cannot know how well secured those datas are. We cannot even know if company is legit and isn't planning to sell those data to another 3rd party.
Have a great friday :)
Yours, Piotr
That's a valid concern @crypto.piotr and one I'm confronted with each and every time when an airdrop asks for a full KYC. I'm not overly concerned about them selling the data but I am concerned about identity theft.
For that reason, I decline to participate in any airdrop which isn't hosted by a credible company that has already been in business for a while and has built a name for itself. Those are highly unlikely to risk trashing their reputation for our ID's and they are the only ones to whom I'll hand over my information.
That's just my two cents on it. What do you think?
Have a good one,
cheers!
Dear @runicar
i've very similar approach to KYC and airdrops
I just realized that I never had a chance to read and reply this comment. Not even simple "thank you". Sorry about it.
Just wanted to let you know that finally I did read it and I'm very grateful for your constant support and for being so responsive.
Yours
Piotr
No worries! I like what you are doing here and admire to amount of work you put into your community.
Keep it up!
Cheers :D
To tell you honestly i dont really care about airdrops. I do care if the project loooks good. But first i always check the project.
Maybe it is just me but i grow up in a world where nothing is not free and when they wanna give you something for free than the quality is not good or the product is simply shit.
If the service or product is good than they dont really need to give nothing for free.
I prefer to get some extra % of token as a early bird. I like it more to be honest.
For me that is more professional marketing method😉
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Dear @gabbynhice
Thank you for dropping by, for your comment. We're clearly on the same page here.
I would also like to ask you a question. What is your opinion on KYC required by so many airdrops?
Personally I strongly believe that each crypto/ICO that require KYC should be required by law to receive licence that would allow them to proceed with KYC. And in order to receive that licence, they would have to prove to local authorities that they follow some security standard and all collected informations are safe.
My biggest worry is the fact, that right now anyone can claim that they are "forced by regulators" to proceed with KYC and this is currently the easiest way to collect our personal data by 3rd parties. And we cannot know how well secured those datas are. We cannot even know if company is legit and isn't planning to sell those data to another 3rd party.
Have a great friday :)
Yours, Piotr
I have a mixed feeling about airdrops: they are great as you get introduced to new ideas, but sometimes the amount of information they require from you are something that makes me nervous to share..
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Dear @steemmillionaire
Thanks for sharing your opinion on this particular topic.
i believe you mean all those questions related entire KYC process?
Yours
Piotr
Yes, yes. And data is valuable, and sometimes they are asking things not even my bank had courage to ask...
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Hi @steemmillionaire
Very true ....
ps.
I'm sorry for such a late reply. I just realized that I never had a chance to read your comment. Somehow I skipped it.
Just wanted to let you know that finally I did read it and I'm very grateful for your constant support and for being so responsive.
Yours
Piotr
I believe there is a place of gaining by either staking the crypto bought by investors in order to make profit for them.
Let's assume a new project is out, and investors are buying, now, new project makes it possible for such investors to stake there investment, eg, Steem and steempower and delegating Steem Power for reward, whaleshares with whalestakes, EOS and staking and so on. So if the project currency value goes down, they can be pacified by the return coming from staking.
For hunters of airdrop, those guys don't have anything to loose.
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Dear @botefarm
Thank you for you dropping by and for your sharing your thoughts on discussed topic.
Always appreciate it.
Yours
Piotr
I avoid the air drops tried one or two, but in all fairness half the methods in order to obtain and or enter the account after signing makes it hard for newbies so since bitcoin black never dropped my my air drop coins I refused to partake any longer in air drops.
The same applies to byte coin I joined and not air drop I bought some not much they never transferred off to my balance and stole the money, so to be fair I purely stick to Steem and choon etc
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Dear @wizardzmusic
Thank you for your comment and Im sorry for such late reply. Past few days were not fun (I had birthday yesterday and I've spent entire day sick in bed - sucks).
I'm very sorry to hear that you had such a terrible experience :((
Yours,
Piotr
I liked the airdrops!
It's like playing, and in return they pay you to do it.
The small "tests" that are established do not represent any risk for the participants.
I consider that these tests only represent a psychological factor. This indicates in some way that: "I'm not giving you a gift."
I remember there was a time when I "hunted" the airdrops. I used tracking and information platforms. This caused that then I had a lot of ether addresses with a whole zoo of chips of little value.
The projects establish in their "Whitepaper" the policy of distribution of the Tokens. That includes the season of Airdrop.
Then, as an investor, you should not feel gaga, because before investing you should know the terrain you are going to step on.
Greetings my dear brother Piotr, Juan.
Thank you for your comment @juanmolina
Sorry for such late reply. Past few days were not fun (I had birthday yesterday and I've spent entire day sick in bed - sucks).
Liked? It's a past tense brother. Im guessing that you don't like them so much anymore? :)
Old good days. Loads of giveaways, bitcoin still climbing to new records high ....
The problem is, that not many businesses behind ICOs are transparent enough with their investors.
I would like to ask you a question. What is your opinion on KYC required by so many airdrops?
Personally I strongly believe that each crypto/ICO that require KYC should be required by law to receive licence that would allow them to proceed with KYC. And in order to receive that licence, they would have to prove to local authorities that they follow some security standard and all collected informations are safe.
My biggest worry is the fact, that right now anyone can claim that they are "forced by regulators" to proceed with KYC and this is currently the easiest way to collect our personal data by 3rd parties. And we cannot know how well secured those datas are. We cannot even know if company is legit and isn't planning to sell those data to another 3rd party.
Have a great upcoming weekend :)
Yours, Piotr
Wow,wow, wow...!!! You´re right my friend.
I had not thought about this before.
You have a great point here.
As you say, an organization that qualifies and organizes ICOs promoting companies could be created. Perhaps this would give a framework of legality to the process.
But generally Airdrops hunters are more aware of the attractiveness of the rewards and do not read the small letters. Then already your personal data must be in the wrong hands for a long time ago.
I refer to "Airdrops hunters". These mostly will not be final investors.
Hi @juanmolina
I'm sorry for such a late reply. I just realized that I never had a chance to read your comment. Somehow I skipped it.
Just wanted to let you know that finally I did read it and I'm very grateful for your constant support and for being so responsive.
Yours
Piotr
Airdrop is a marketing tool. At the moment I m particularly found of Onfocoin that can be mined by networking only.
https://my.onfocoin.com/connect-social/code?code=chrisaiki
It takes time to understand and to use a new project, so airdrops is a fair way to reward a new user. From the investor point of view, if the airdrop is efficient to market the project, then it is a win-win process.
I am dispatching 99% of Ventureo by aidropping this specific crypto to nonprofits. http://ventureo.solutions
Thx for sharing your opinion @chrisaiki
I must admit that I never heard about Onfocoin. There is just to many projects out there ....
Hope your investments will turned out to do well
Yours
Piotr
I think that airdrops can have a positive marketing value, if dropped in small amounts per person. Enough so that the receiver is curious about the coin and wants to learn more about it. If it's a small amount there is no benefit to trying to run to the market with it, but if you research the coin and decide it has potential there is every reason to keep it. Maybe even invest more in to it. I received a large airdrop of Stellar Lumens around the end of 2017 when the market was booming. It was over $4,000 worth! I sold them, because it was a large amount and I didn't know anything about XLM, I just took the money and invested it in Bitcoin. But I have received small amounts of other coins, that I have looked into and kept. I do not think it profitable for the company or the early investors to give away large amounts to individual. It only crashes the market.
Hi @blueeyes8960
Didn't hear from you in a while. good to see that you're still around :)
Thanks for you sharing your opinion
ps. Would you perhaps consider using "enter" from time to time? To separate blocks of texts? It would make it much easier to read.
And enjoy your upcoming weekend :)
Piotr
Hello my friend @crypto.piotr, and I am very happy to get STEEM transfers, although not too much. In one week only got 0.003 for me, thank you for your attention.
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Dear @f21steem
Thank you for dropping by, for your comment and mostly for resteeming my publication. Appreciate it :)
Have a great friday :)
Yours, Piotr
As a concept its a great marketing tool to drive hype and improve a small bit of distribution but I don't think airdrops really work well. Its normally such a small stake that's not worth it. I don't care much for airdrops
Thank you for your comment @chekohler
Would you mind sharing with me how would you feel if you would personally invest your own savings into some ICO and then you would learn about massive airdrops ? Would you be okey with it or would you feel that it's wrong and you were "cheated"?
This is actually my main question. I would like to learn pros and cons of airdrops.
Yours
Piotr
That depends on the method of the airdrop if it is a stake based airdrop where I as an investor receive a larger stake of the airdrop vs just anyone who creates a wallet I would be fine. But if its just a massive airdrop with a flat rate across all wallets that participate and I'm an investor I would sell my coins immediately because I don't feel the company value those putting capital down and taking the actual risk
Thank you for your comment @chekohler
Sorry for such late reply. Past few days were not fun (I had birthday yesterday and I've spent entire day sick in bed - sucks).
I would like to ask you a question. What is your opinion on KYC required by so many airdrops?
Personally I strongly believe that each crypto/ICO that require KYC should be required by law to receive licence that would allow them to proceed with KYC. And in order to receive that licence, they would have to prove to local authorities that they follow some security standard and all collected informations are safe.
My biggest worry is the fact, that right now anyone can claim that they are "forced by regulators" to proceed with KYC and this is currently the easiest way to collect our personal data by 3rd parties. And we cannot know how well secured those datas are. We cannot even know if company is legit and isn't planning to sell those data to another 3rd party.
Have a great upcoming weekend :)
Yours, Piotr
Personally, I think KYC should be handled via a smart contract and Oracle that can verify your data from other sources. The more verified data from various sources the stronger your profile and the more access you can unlock. This can all be sealed with a biometric scan like a thumbprint from any smart device. I don't think handing over data for review is practical and efficient
Dear @chekohler
I just realized that I never had a chance to read and reply this comment. Not even simple "thank you". Sorry about it.
Just wanted to let you know that finally I did read it and I'm very grateful for your constant support and for being so responsive.
Yours
Piotr
I like them. It's what initially got me interested in crypto and the different communities.
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Thank you for your comment @mkds2012
Appreciate.
Yours, Piotr
Hello Crypto, personally I can tell you that I was a tradder, hunting airdrops, it was something too exhausting for me, it was very difficult to find a place that accepted the exchange and at the same time it looked bad, because they gave those "gifts" with the Intention to support your project, but the vast majority just wanted to get out and out of there.
Generally, those who give them, block them for a while, some "invest and buy the token" that increases their value, but then the same day, in a matter of seconds, they release the change or withdrawal, people go crazy, changing and selling and that causes his fall from which he hardly recovers.
So many promotions end up being scams, they offer and they say they are stable and good projects, people invest and then they leave with all the profits, they disappear, personally I understood that in both parts it is scam, I do not like the airdrops, I prefer the projects that consolidate at once, instead of those that offer a lot and end up giving little or nothing, or do what everyone does, change, charge and forget about that page, this last is just as ugly.
Dear @equipodelta
Piece of amazing comment! Thank you for taking the time to share your thoughts with me.
Was it really that exhausting? I can guess it was very time consuming.
ps.
I would like to ask you a question. What is your opinion on KYC required by so many airdrops?
Personally I strongly believe that each crypto/ICO that require KYC should be required by law to receive licence that would allow them to proceed with KYC. And in order to receive that licence, they would have to prove to local authorities that they follow some security standard and all collected informations are safe.
My biggest worry is the fact, that right now anyone can claim that they are "forced by regulators" to proceed with KYC and this is currently the easiest way to collect our personal data by 3rd parties. And we cannot know how well secured those datas are. We cannot even know if company is legit and isn't planning to sell those data to another 3rd party.
Have a great upcoming weekend :)
Yours, Piotr
Airdrops are good especially when you can convert it to BtC which I love:)))Thank you for sharing, Piotr!
Dear @vanessak
Thank you for your comment. Appreciate it.
Yours, Piotr
Well, In my opinion there is no one Who hate free money but in case of Airdrops nowadays most of airdrops are useless and full of Scams. Lastly I joined two airdrops named Jullar.io & Cryptomonsoon airdrop both was a planned scam but luckily I never did any KYC.
Airdrop is a good thing for any Crypto Project to increase the fan following and getting followers on twitter and making community.
If we are looking for good airdrop before doing any kind of KYC we need to check the authenticity of that airdrop so that we can prevent our privacy for bloody people.
I love your Opinion @crypto.piotr & I totally agree with your points.
Thank You & I really appreciate your effort :-)
Dear @amar15
Most of all, I would like to thank you not only for your awesome comment but also for the fact that you resteemed my post. Appreciate it a lot :)
How did you find out that those were scams?
My biggest worry is the fact, that right now anyone can claim that they are "forced by regulators" to proceed with KYC and this is currently the easiest way to collect our personal data by 3rd parties. And we cannot know how well secured those datas are. We cannot even know if company is legit and isn't planning to sell those data to another 3rd party.
Very well said.
Personally I strongly believe that each crypto/ICO that require KYC should be required by law to receive licence that would allow them to proceed with KYC. And in order to receive that licence, they would have to prove to local authorities that they follow some security standard and all collected informations are safe.
Have a great upcoming week buddy
Yours, Piotr
In case of Jullar.io the Telegram admin announce a new that they are going to list jullar next week on xxx exchange and that date the website and telegram admin gone and No update on Twitter.... :-(
Thank You so much for replying :-)
Yeah I love airdrops... it helps a novice gain better knowlegde about crypto currency
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Hello again @crypto.piotr
I am recipient of several airdrops early 2018, mostly erc20 tokens.
I still keep it on my few wallets.
Dont know what to do with it, since it is usually too small to spend or even to transfer.
For publicity, it serves its purpose well, for value in the long term, it will, but in the short term it is even worthless.
As now, many months now, haven’t seen airdrops.
With regard to steem tokens airdrop. On which I have 2, teardrops and plankton in the steem-engine wallet.
Like the same, just hodl it for now.
Waiting for opportunities in future.
I Still LOVE it.
Posted using Partiko iOS
Thank you for your comment @guruvaj
Sorry for such late reply. Past few days were not fun (I had birthday yesterday and I've spent entire day sick in bed - sucks).
I can feel your pain :)
I would like to ask you a question. What is your opinion on KYC required by so many airdrops?
Personally I strongly believe that each crypto/ICO that require KYC should be required by law to receive licence that would allow them to proceed with KYC. And in order to receive that licence, they would have to prove to local authorities that they follow some security standard and all collected informations are safe.
My biggest worry is the fact, that right now anyone can claim that they are "forced by regulators" to proceed with KYC and this is currently the easiest way to collect our personal data by 3rd parties. And we cannot know how well secured those datas are. We cannot even know if company is legit and isn't planning to sell those data to another 3rd party.
Have a great upcoming weekend :)
Yours, Piotr
Airdrops can sometimes be very efficient: consider the initial Ontology airdrop, where the members that subscribed to the newsletter received a good amount of ONT, which later was worth around 1000$ (if I remember correctly). And as you mentioned, we really are quite some "freebies". At the end, every dollar counts, especially in these harsh times. (Or at least for me - I'm a student 😁)
Cheers!
Hi @aezakmi
Thank you for you dropping by and for your sharing your thoughts on discussed topic. Appreciate your time.
Have a great friday :)
Yours, Piotr
I don’t like ‘em one bit! They just create sell immediate pressure on the token! However, if there was not an ICO involved in distributing the token, then I think they’re great because even though most people will sell such airdrops as soon as possible it does create a wide distribution for the token that is very beneficial, especially if you indiscriminately drop tokens on random addresses (rather than providing a punch list of items to do before receiving the airdrop, you know those people are selling!) that will have a double benefit to existing token holders - 1) more people will know about the project, which could increase demand, and 2) if tokens get distributed to dead addresses, that will effectively reduce supply. Increasing demand and limiting supply are kind of the whole point, right?
Dear @shanghaipreneur
Thank you for dropping by, for your comment. We're clearly on the same page here.
Question is: does it really create VALUABLE distribution? If the only goal of those tokens will be to end up on exchanges (or end up forgotten) then this distribution doesnt seem to make much sense.
Wouldn't you agree?
Yours
Piotr
Hey @crypto.piotr
Hope you are doing good! That indeed is a topic which needs to get some limelight. I guess talking about airdrops, they do entirely for promotion purposes. which somewhat is good and also is beneficial for people who recieves them. but sometimes its hard on the buyers of that token too. But promotion is necessary too.
Anyways keep flourishing.
Dear @praditya
Appreciate your comment. Thank you for you dropping by and for your sharing your opinion with me.
Have a great friday :)
Yours, Piotr
In my opinion airdrop is a good strategy to advertise tokens. On the other hand if a company wrongly calculate the rate of airdrop, token price may be too low or high. So airdrop is good for buyers but a big risk for companies.
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Dear @huseyinunozkan16
Appreciate your comment. Thank you for you dropping by and for your sharing your opinion with me.
Have a great friday :)
Yours, Piotr
@crypto.piotr I really feel the Airdrops help most of the would be Crypto lovers grow strong Love for the Crypto world. And as well helps those of us the Newbies know more about the market.
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Hi @zylad
Thank you for you dropping by and for your sharing your thoughts on discussed topic. I also noticed that you've resteemed my post. Appreciate it a lot.
Have a great friday :)
Yours, Piotr
@crypto.piotr, Airdrops are really effective and in this point there is no doubt but the first question arises, Airdrops are empowering people or restricting them?
In my opinion nowadays Airdrops are restricting people who are not able to invest anything. But initially when Cryptocurrency brought into the picture and establishment idea was different but now we are moving away from it.
It's time to bring the true idea of Airdrops and with that projects which have real use case so that people will feel to invest their time in it, otherwise we are spreading the mess in Cryptocurrency Economy and then Scammy Projects can take advantages of this mess.
And participating individuals should also gain the knowledge because in this way they can measure their investment ideas and they can better analyse the use case of particular project.
Stay Blessed.
Dear @chireerocks
Most of all, I would like to thank you not only for your awesome comment but also for the fact that you resteemed my post. Appreciate it a lot :)
Interesting and very valid question. Unfortunatelly I'm failing to see how do Airdrops restrict people. Would you mind to let me know what do you mean?
Don't get me wrong, but what is true idea of Airdrops? I always considered it nothing but marketing tool, which allows us to make some "extra noise" about project.
Have a great upcoming week buddy
Yours, Piotr
First of all i want to say that, before Airdrops were had a different idea in my opinion and that is, for example there is a project and they come up with Airdrops of their Token or Tokens definitely it was Marketing tool but for whatever time spent by users they were getting the rewards but now most of the projects coming up with Airdrops but first they are putting line of investment and if they invest this much then gates of Airdrop will be open for them. I may be wrong but in a way it's a way to empower who already empowered. Stay blessed.
Dear @chireerocks
i've very similar approach to KYC and airdrops
I just realized that I never had a chance to read and reply this comment. Not even simple "thank you". Sorry about it.
Just wanted to let you know that finally I did read it and I'm very grateful for your constant support and for being so responsive.
Yours
Piotr
No problem brother. Welcome and thank you so much. Have a blessed time ahead.
For me is first time when i hear about airdrops :)
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Dear @pixaroma
I presume that you're not much into crypto? :) Thx for dropping by
Cheers
Piotr
Yes i am new to this :)
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@crypto.piotr
Congratulations on another excellent article.
I have no pros or cons with airdrops some folks like it others don't.
Hi @cosmophobia
Thank you for you dropping by and for your sharing your thoughts on discussed topic. I also noticed that you've resteemed my post. Appreciate it a lot.
Have a great friday :)
Yours, Piotr
@crypto.piotr
Thank you, I very much enjoyed reading your article on airdrops.
Thank you for your kind message I appreciate it very much.
Have a very good weekend.
Dear @cosmophobia
I just realized that I never had a chance to read and reply this comment. Not even simple "thank you". Sorry about it.
Just wanted to let you know that finally I did read it and I'm very grateful for your constant support and for being so responsive.
Yours
Piotr
@crypto.piotr
Sorry I need to back on this tomorrow as I am a little tired from work and need to catch up on my sleep.
@crypto.piotr
You are a good friend and I appreciate your question.
Hey my best friend
i do not like the airdrops
i think they are just scam and wast of time
i tried dozens of them and once the money in the developer pockets, they vanaish same as gone with the wind !!
i am sorry to say this but really i do not care about any airdrops, even i jump and i do not read their white or pink or hot sexy greedy papers.
your post is a good sign to make real analysis ...
resteemed
and
upvoted
Dear @red-rose
Finally I'm having a chance to read and reply to all comments. Past few days were not fun (I had birthday yesterday and I've spent entire day sick in bed - sucks).
Thank you for you dropping by and for your sharing your thoughts on discussed topic. I also noticed that you've resteemed my post. Appreciate it a lot.
Cheers
Piotr
Hi @crypto.puotr! Thanks for sharing your link and for such an informative post about crypto.
Your post really opened my eyes to the bare reality of the real marketing schemes of these crypto tokens.
Somewhat I agree on the points you have emphasized on this post.
Why?
I personally had experienced this when I bought an amount of tokens for myself in the high hopes of gaining bigger return if these token's price increases.
But to my big dismay, I lost a huge amount of money because the real market value of that token went down successively leaving my invested amount into nothing.
I was really puzzled for what happened.
But with your post, now I learned and realized that this maybe the possible reason for it.
At first, I thought that this AIRDROPS were being very generous, now I know, they are the ones who are killing the real market.
Thanks for adding me some knowledge.
Mabuhay from the Philippines!
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Hi, thanks for having interest in my country. Marawi city is just a neighboring city from where I'm living right now. Some of there refugees are still living in our city. Do you want to know the real face of Philippines? Try to check my latest post:
https://partiko.app/paulcesna/the-truest-of-truth-axtuzsjd?referrer=paulcesna
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Dear @paulcesna
Any chance you could share link to this publication on Steemit? I'm not familiar with Patriko.
Yours
Piotr
Dear @paulcesna
Most of all, I would like to thank you not only for your awesome comment but also for the fact that you resteemed my post. Appreciate it a lot :)
I'm very sorry for your lost. I know how frustrating it can be.
ps. I've learned lately about "battle of marawi" in Philipines. I hope you live far from this area. I was shocked to realize how bad things are over there (and no mass media even talk about it at all)
Enjoy your weekend :)
Yours, Piotr
Hi @crypto.piotr
Thanks for sharing this post as I have been waiting for a post since posted a long back. You know I check your account daily to see if anything new is posted because the last one you posted 3 weeks back. I love reading your content.
So talking about the topic which is airdrop . Currently I don't do airdrop as I feel it's waste of time and I don't get anything.
If I remember correctly then I haven't done any airdrop since more than six month or so.
In the beginning of year 2018 I had applied for so many airdrop that I can't even remember so prepared a list but then I realise that I am not getting anything in return and Just signing up and linking my Facebook, twitter and telegram accounts.
I didn't get benefit from any of the airdrop till now. I think it's the cheapest promotion of the project as they're paying something to users which has NO value but user is doing because he is optimistic about the future.
In the name of so-called airdrop project's marketing team saves the cost of their promotion and get it done through the people for spending their useless tokens.
I remember the last airdrop I did was AVINOC last year and I got some 298 tokens but value is almost nothing.
So if you're asking for my view about it then I would say I don't care and not at all interested to do any airdrop.
Thanks friend and have a great weekend.
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Personally is a waste of time for most of them. It is not free money because you need to spam around their project and maybe to receice useless coins!
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Dear @chesatochi
Thank you for dropping by, for your comment. We're clearly on the same page here.
Have a great friday :)
Yours, Piotr
Cool and have a good day as well. :)
Greetings @crypto.piotr this topic has many possible points of view, I will try to apply what I haveto the moments I've seen in my career (because I'm still studying hahaha) but in industrial engineering, it's about seeing everything in several angles depending on the needs.
In this case, I would start from the point of view of who receives it, these (I include myself in some not many because I do not usually participate much in them) airdrops are sometimes opportunities to take advantage of those cryptocurrencies that are about to leave, basically if you get Many referrals you practically make some money, and more if it is free, as you said to those who do not like gifts.
From the point of view of the investors, I like you would feel something wrong, because although it is true that not all currencies have high values (as in some cases they promise) to go injecting large quantities of these into the market or simply create them (to distribute in the airdrops, but not for sale), generates something like a kind of depreciation or loss of value in these and more when they tend to have inferred values, then I as an investor would feel cheated or even cheated because Although it is true that it is a marketing strategy, we should have very well established limits and not creating coins right and left (which is the case of many airdrops where they give you 1000 coins, of course if you see it from the micro is not much but to think of 1000 people (to put a minimum amount) that take advantage of this airdrop and go for many coins given ...)
From the creator because it simply looks for two things, attract traffic to your page in which potential financiers can come or simply users who want to buy some coins.
Dear @jjqf
Amazing comment. Seriously such a great read. Appreciate your time and effort.
ps.
Would you perhaps consider using "enter" from time to time? To separate blocks of texts? It would make it much easier to read.
ps. 2
I would like to ask you a question. What is your opinion on KYC required by so many airdrops?
Personally I strongly believe that each crypto/ICO that require KYC should be required by law to receive licence that would allow them to proceed with KYC. And in order to receive that licence, they would have to prove to local authorities that they follow some security standard and all collected informations are safe.
My biggest worry is the fact, that right now anyone can claim that they are "forced by regulators" to proceed with KYC and this is currently the easiest way to collect our personal data by 3rd parties. And we cannot know how well secured those datas are. We cannot even know if company is legit and isn't planning to sell those data to another 3rd party.
Have a great upcoming weekend :)
Yours, Piotr
Well @crypto.piotr, as to what you tell me about KYC if it is something that should be implemented because it would not be weird to see that some coins that perhaps did not have the value that they expected or that are not being well treated by the market ( to say it in some way) or those that are just coming out will serve as a mattress (just in case, something unexpected in its estimated value), are selling our data to the highest bidder.
Since these data may be worth much to marketing companies and for them it would only be negotiating with something that, so to speak, will be left over from the whole process they have in operation.
And it is not necessary to go so far as I remember having read the company of the great F (Facebook and all its conglomerate) they sell certain data that they do not use, maybe in order to capitalize something more and that better database than of Facebook that has millions and millions of people in it.
While the KYC takes away a bit of the joke of what the blockchain is for a good reason for more security and that at the time of being required by law it can respond in case of theft, fraud, money laundering (which for that is the AML), etc. etc.
With what if it should reach an agreement on this and even more to cultivate users who read the terms and conditions, because let's be honest who has not just given "accept, accept" and simply because it bothers us to have to read the small letters of certain things and thus avoid falling into certain legal gaps (properly caused by ourselves when not reading said clauses) ...
No more to add a great regards to you @crypto.piotr also wishing you a great weekend and good hoping that the light does not go away when publishing this comment as it was yesterday that I was about to send and puff goodbye light :"v. God bless you
Dear @jjqf
I just re-read your old comment, only to realize that I never actually replied to you and didn't thank you for taking the time and keeping in touch with me.
Keep up with a great work you do here on Steemit :) And enjoy upcoming weekend
It sounds like you're from Venezuela. Perhaps it's best to write long comments in some .txt file and save them every now and then and only copy+paste to steemit once your long comment is ready?
Yours
Piotr
Greetings @crypto.piotr, quiet that kind of things happen, if sometimes it happens to me, imagine you get many comments per publication.
As for the suggestion yes, I tend to apply something similar (only that instead of note blog use Word), and I take into consideration the time in which I know it is more likely to have light for them, for the shorter ones I just write down the main idea and that's it. And if I'm from Venezuela xD, from the same state as Professor Lanz.
Have a good weekend too and may God bless you
I think for cryptocurrency, what is most important is do they stick to their white paper?
If they have 20% of their tokens devoted to 'other' they can do an airdrop. If it is 'marketing' that is a little less certain because a bounty or referral program would probably be better.
In the long run, if you are selling tokens, it is hard to argue you are not a security whatsoever since there is always doubt because you are selling 'something'. Open mining, bounties and airdrops get around that issue.
Airdrops are a little messy, however. Could you imagine a company having an IPO then having an airdrop for stocks? They would be kicked off the exchange that is listing them.
Hi @abitcoinskeptic
Didn't hear from you in a while. good to see that you're still around :)
Thanks for you sharing your opinion
Whitepapers do not always include all details about future airdrops. They hardly really do (based on my own impression).
Actually this is very interesting point. I wonder is STO in the future will also be able to do airdrops.
And enjoy your upcoming weekend :)
Piotr
@crypto.piotr I love airdrops. It is not only because of free money. Airdrops helps crypto entrepreneur to become popular in quickly as possible.
Since mainstream advertising not allowing crypto ads this can help us reach the moon.
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Dear @ccnew
I would like to thank you for your kind comment. Appreciate your time.
Cheers
Piotr
An airdrop is a way to distribute money to the members of the platform, but not for all coz not all to whom who needs really they can take it. For example, I am one of the members of the manna base and I am so excited for it, every time I look at my wallet growing. Thanks crypto.piotr
for giving me the importance of my opinion.
Dear @aracieli
Thanks for stopping by and sharing your view with me. Appreciate.
Yours, Piotr
You're welcome, Piotr.
Thank you @crypto.piotr for your attention to us, and get a prize or award for all of us who are lucky on this occasion.
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Appreciate your comment dear @f21steem.
Cheers,
Piotr
To me airdrops are always huge risk investment. They hardly ripe to become profitable even to the initial investors. I indulged in many different airdrops last but none came up hand and many died up.
Regards...
@maxijgcomm
Dear @maxwellmarcusart
I would like to thank you for your kind comment. Appreciate your time.
Cheers
Piotr
Hello @ crypto.piotr. We do not know much about airdrops but with what we have investigated we believe that this depends what a person knows about how to do marketing with airdrop is a great benefit and for investors also and as it says @ huseyinunozkan16 in one of the comments: it can be a risk for the companies and good for the buyers, but I also believe that with an ICO launch as the case of "The DAO" it is 100% dangerous to invest and also a risk that I finish with the company, I believe that I do not love them or hate them simply they exist and serve for many and for many others do not.
Hola @crypto.piotr. Nosotros no sabemos mucho de airdrops pero con lo que hemos investigado creemos que dependiendo lo que una persona sepa de como hacer marketing con airdrop es un gran beneficio y para los inversionistas también y como dice @huseyinunozkan16 en uno de los comentarios, puede ser un riesgo para las empresas y bueno para los compradores, pero también creo que con un lanzamiento de ICO como el caso de "The DAO" es 100% peligroso invertir y además un riesgo que acabo con la empresa, creo que no los amo ni los odio simplemente existen y sirven para muchos y para muchos otros no.
Hi @awfunn
Didn't hear from you in a while. good to see that you're still around :)
Thanks for you sharing your opinion
And enjoy your upcoming weekend :)
Piotr
Thanks @crypto.piotr and same for you
Upvoted, resteemed and promoted your post.
I see many people use bounties. I'm nort so clear about that.
Dear @marlui
Thank you for dropping by, for your comment and mostly for resteeming my publication. Appreciate it :)
Have a great friday :)
Yours, Piotr
Lets put it this way Piotr, I had an airdrop of XLM. Which has gone up already.
It came through my Blockchain wallet and it was a nice supprise.
I dont go chasing airdrops though.
Its a real pain having to keep opening new wallets. And then keeping the keys safe and where i can find them. 😁
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Dear @andyjem
Finally I'm having a chance to read and reply to all comments. Past few days were not fun (I had birthday yesterday and I've spent entire day sick in bed - sucks).
Thank you for you dropping by and for your sharing your thoughts on discussed topic. I also noticed that you've resteemed my post. Appreciate it a lot.
ps.
I would like to ask you a question. What is your opinion on KYC required by so many airdrops?
Personally I strongly believe that each crypto/ICO that require KYC should be required by law to receive licence that would allow them to proceed with KYC. And in order to receive that licence, they would have to prove to local authorities that they follow some security standard and all collected informations are safe.
My biggest worry is the fact, that right now anyone can claim that they are "forced by regulators" to proceed with KYC and this is currently the easiest way to collect our personal data by 3rd parties. And we cannot know how well secured those datas are. We cannot even know if company is legit and isn't planning to sell those data to another 3rd party.
ps.2 did you perhaps join Byteball airdrop (sometime year ago)? That was the only one that actually got me some serious profit :)
Have a great upcoming weekend :)
Yours, Piotr
Yes Piotr I am a worried about KYC requirements. So for that reason I am careful to check that the coin is well established and if possible check whether others are happy.
I have only signed one so far that was recommended to me.
I have only had one airdrop of XLM stellar. 312.5 which came through my blockchain wallet and was quite generous.
Which so far has made me a few euro
I only joined Bytball a few weeks ago so no airdrop for me.
Still can't think why I joined it, there must have been a reason lol. Its only on my PC so I must check later.
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Dear @andyjem
I love your comment! Thank you for taking the time to share your view with me. Absolutely appreciate it.
Yours
Piotr
Hi, I have joined into some airdrops; however I got rewards from only one of them. So when I see airdrop it makes me think whether it is fake.
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Dear @videoaddiction
Thank you for dropping by, for your comment. We're clearly on the same page here.
I also wonder which airdrops are "for real" and which are "fake". And I came to conclusion that I simply don't care any more and I avoid aidrops.
Have a great friday :)
Yours, Piotr
I have joined into few airdrops recently. I will see wheter they will send the amount.
I started to love them at the beginning of my journey in crypto, but then I started to hate them because it took way too many steps to be able to get them. Now I just don´t care, I ignore most of them unless I´m very interested in that exact project.
From loving to hating ... what a journey @diogosantos :)
cheers, Piotr
Airdrop is a very effective and low cost marketing tool.
Because the participants will help promote in order to get more rewards.
The result is:
The organizer feels that the investor is insufficient, or his operation is wrong, or that his marketing has a problem, he will not pay any bounty.
if he there are pay some reward, maybe will because he gave up halfway, let those tokens is worthless. .
The participant thought that he got a free token. In fact, he spent his much times.
finally can got valuable tokens with a chance of less than 5% of airdrop.
Hi @cloudblade
Thank you for you dropping by and for your sharing your thoughts on discussed topic. Appreciate your time.
Have a great friday :)
Yours, Piotr