AIRDROPS - do you LOVE OR HATE them? or simply don't care?
 | 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. |
|---|
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. |
|---|
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? |
|---|
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
Posted using Partiko Android
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
Posted using Partiko Android
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
Posted using Partiko Android
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...
Posted using Partiko iOS
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.
Posted using Partiko iOS
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!
Bounties let you earn rewards without the need for Steem Power. Go here to learn how bounties work.
Earn the bounty by commenting what you think the bounty creator wants to know from you.
Find more bounties here and become a bounty hunter.
Happy Rewards Hunting!
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
It does mean a lot to be appreciated by people I value. And you're definetly one of them @runicar
Cheers :) Piotr
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😉
Posted using Partiko Android
Magic Dice has rewarded your post with a 1% upvote. Thanks for playing Magic Dice.
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