Earlier we tried to explain what is an airdrop, we tried to show you various types of Airdrops and how and why one should not miss this opportunity.
Today let's discuss the Pros and Cons of Crypto Airdrops:
Pros :
1) It rewards early investors or people engaged with the project or with stake in he project.
2) Raises awareness about the project due to marketing aspect of the project.
3) Encourages the use and adoption of the newly issued token.
4) May provide an opportunity to holders in a way which would not have been possible in the open market.
5) Opportunity to make good return by using small staking amount or sometimes no amount at all.
Cons:
1) May lead to suspicious wallet hacks if he investors links his wallet to a non official site of the project or a fake site.
2) Entire airdrop can be a reason of Pump and dump scheme by the promoters of crypto.
3) Not every Investors may be allowed or eligible for every airdrop as per their eligibility criteria .
4) Liquidity issues with the crypto coin after being listed.
Happy Learning
Happy Earning
Regards,
Kingline Institute