What precautions should I take when interacting with airdrops?
These traps mainly fall into two categories: those that involve the inappropriate disclosure of personal data and those related to market volatility, which serves interests outside the true support of the project.
Scams related to data disclosure
These types of scams can come in different forms, such as spoofing, phishing, and dust attacks.
1. Spoofing and Phishing: These practices involve the creation of fake airdrop profiles with the sole purpose of collecting data from interested users. This data can then be used inappropriately or even to violate the privacy of connected wallets.
2. Dust attacks: These consist of sending small amounts of tokens to wallets. These tokens function as a âGreek gift,â later used to track the activities of the receiving wallet.
Scams related to price volatility
1. "pump and dump." In simplified terms, tokens are distributed via airdrop, high interest in the project is generated, and once interested parties buy and artificially inflate token prices, organizers sell their tokens, make a profit, and exit. This scheme has no relation to the real incentive for people to participate in a project, but is a mere price manipulation and liquidation operation.
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