In recent years, airdrops have become one of the strategies often used by crypto projects to attract new users. An airdrop is the giving of free tokens to a community or users, usually in small amounts. It is often used as an incentive for users to support a project, or as a way to expand the community before the token launches on an exchange. However, lately, especially on the Telegram mini app, we have begun to see a new phenomenon where airdrops of meme tokens are no longer meeting the expectations of many users.
Meme Tokens and the Airdrop Phenomenon
Meme tokens, or meme coins, are crypto tokens that generally have no real utility other than being speculative. They capitalize on internet hype and culture, often starting with lighthearted and humorous intentions but attracting a lot of attention from the crypto community. Projects like Dogecoin were among the first to gain massive popularity and inspired the emergence of new meme tokens.
To expand their community, some newly launched meme tokens use airdrops on Telegram mini apps. This gives the impression that with simple participation, such as joining a group or completing some small tasks, users can get free tokens that may one day be worth a lot.
However, the reality is often far from expectations.
Meme Token Cases: HMSTR, MEMEFI, X Empire, Blum, and More
Some meme tokens that launched airdrops on Telegram mini apps such as HMSTR, MEMEFI, X Empire, and Blum are real examples of how user expectations often do not align with reality. There are some common patterns that can be observed:
1. Small Amount Airdrop:
Most of these projects give away tokens in very small amounts. For example, a user may receive hundreds or thousands of tokens, but the actual value of those tokens is very low. When a token is first listed on an exchange, the price per token is usually very low, often below 1 cent. So, even if a user receives thousands of tokens, the total value they receive is often only a few cents or even less.
2. Listing with Low Price:
After airdrops, tokens are usually listed on decentralized exchanges or small exchanges. At that time, the token price is often very low, far from the expectations of users who expect a quick increase in value. HMSTR, MEMEFI, X Empire, and Blum are examples of tokens that were listed at low prices, some of which even experienced massive price dumps shortly after listing.
3. Disappointed by ROI Failure:
Many users who follow airdrops hope that the token will one day experience a big price surge like Dogecoin or Shiba Inu. However, in reality, the majority of meme tokens launched via airdrops on the Telegram mini app never achieve a significant return on investment (ROI). As a result, many feel disappointed and lose money because the tokens they hold are worthless, or illiquid in the market.
4. Lack of Long Term Commitment from the Project Team:
One of the main reasons meme token airdrops fail is the lack of a long-term plan from the project team. Meme tokens are often created simply to capture market momentum without any real utility or ecosystem. When the initial hype wears off, the team often loses motivation or support to continue the project, which ultimately hurts token holders.
5. Overpromising, Underdelivering:
One of the biggest problems with the meme token airdrop ecosystem is big promises that go unfulfilled. Projects often tout huge growth potential for their tokens, but without a solid plan or strong fundamentals, these tokens fail to live up to those expectations.
Lessons to be Learned
1. Don't Expect Too Much:
As a crypto user, itâs important to temper your expectations regarding meme token airdrops. While the concept of receiving something for free is appealing, the reality is that most of these tokens have no significant value, especially in the beginning. Many projects never reach their potential.
2. Critically Evaluate Projects:
Before joining an airdrop, itâs always important to do your research on the project. Is there any real utility behind the token? How does the project team plan to build its ecosystem? How solid is their long-term plan? Without solid answers to these questions, the chances of a token succeeding are slim.
3. Meme Tokens Are Not for Everyone:
Meme tokens can indeed provide profits for those who are very lucky or can take advantage of the momentum well. However, for most people, they will just be part of a "pump and dump", where the price rises quickly and falls even faster.
4. Consider Liquidity Risk:
One of the biggest problems with airdropped meme tokens is low liquidity. Even if you receive a large amount of tokens, you may have a hard time selling them on the market due to very low liquidity or high transaction fees compared to the value of the tokens sold.
Conclusion
Telegram mini app airdrops have become a popular way for crypto projects to build early communities. However, especially in the context of meme tokens like HMSTR, MEMEFI, X Empire, and Blum, the expected results are often far from reality. Users need to be careful and not get their hopes up that these free tokens will bring big returns. Understanding the risks, doing proper research, and managing expectations wisely are key to avoiding disappointment in the meme token airdrop ecosystem.
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