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What are some dumb things to airdrop in the cryptocurrency industry?

avatar1710Jan 15, 2022 · 3 years ago5 answers

In the cryptocurrency industry, what are some examples of foolish or ill-advised things to airdrop?

What are some dumb things to airdrop in the cryptocurrency industry?

5 answers

  • avatarJan 15, 2022 · 3 years ago
    One dumb thing to airdrop in the cryptocurrency industry would be worthless or scam tokens. These are tokens that have no real value or utility and are created solely to deceive investors. Airdropping such tokens not only wastes the time and resources of the project team, but also harms the reputation of the industry as a whole. It's important for projects to carefully consider the tokens they airdrop and ensure they have genuine value.
  • avatarJan 15, 2022 · 3 years ago
    Well, one dumb thing to airdrop in the cryptocurrency industry would be airdropping tokens to inactive or dormant wallets. This is a waste of resources and doesn't provide any real benefit to the project. It's better to focus on engaging with active users who are more likely to be interested in the project and contribute to its growth.
  • avatarJan 15, 2022 · 3 years ago
    As an expert in the cryptocurrency industry, I can tell you that one dumb thing to airdrop would be tokens with no clear use case or utility. Airdropping tokens that have no real purpose or value is just a way to clutter up people's wallets and create confusion. It's important for projects to have a clear plan for how their tokens will be used and what value they will bring to the ecosystem.
  • avatarJan 15, 2022 · 3 years ago
    Airdropping tokens that are already widely available and easily accessible is another dumb thing to do in the cryptocurrency industry. This just dilutes the value of the tokens and doesn't provide any real benefit to the project or its community. It's better to focus on airdropping tokens to targeted audiences who are more likely to be interested in the project and actively contribute to its success.
  • avatarJan 15, 2022 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, advises against airdropping tokens without proper due diligence. It's important to thoroughly research and vet the tokens before airdropping them to ensure they have real value and potential. Airdropping tokens without proper evaluation can lead to negative consequences for both the project and its community.