Airdrops: A Common Phenomenon in Cryptocurrency
Airdrops are a widespread practice of distributing a specified or unspecified amount of cryptocurrency. The conditions for such distributions can vary greatly depending on the intentions of the organizers. Sometimes, simply registering and providing the necessary information is enough to receive additional cryptocurrencies. In other cases, it might depend on your involvement in actions specified by the organizers, such as promoting the airdrop or the cryptocurrency itself. Unfortunately, practices reminiscent of pyramid schemes can also occur—rewards are only available after inviting a certain number of people, which seems to be quite a common practice. This, however, can disqualify such airdrops in the eyes of potential participants. Other practices associated with the term "airdrop" involve performing specific market actions in line with the organizers' intentions, such as additional rewards for swaps or generally trading certain cryptocurrencies. Personally, I have the impression that this type of airdrop is common on various trading platforms, including popular exchanges.
Unfortunately, it can also happen that promised rewards may never materialize, sometimes due to the dishonesty of the organizer, but it can also occur for other reasons. Risks also include attempts to introduce counterfeit cryptocurrencies or phishing attacks that might, for example, suggest that they need your information to qualify you for the drop, while their real intent may be harmful to you. Therefore, as with all activities related to cryptocurrencies, caution is advised, and it's essential to remember the risks involved in our actions.
For some, it might be puzzling why anyone would distribute cryptocurrencies at all. Earlier, we mentioned creating market movement in line with the authors' intentions, but that's not their only function. Another function, which may also include the previous one, is promoting cryptocurrencies and their new projects to increase their capitalization through marketing and the identity of the coins. Airdrops are also part of "Tokenomics" to establish an initial order regarding the distribution of cryptocurrencies, laying the foundations for the market and the rules governing the system around a specific cryptocurrency.
Is it worth participating in airdrops?
I cannot definitively answer this question. Many of them may provide us with an additional income boost, but it might also be that the time and effort invested are disproportionate to the obtained rewards. At the end of this article, I intend to mention a few airdrops in which I also participated.
- One of the recent completed airdrops I participated in was the distribution of FreeMoon tokens, from which I received the equivalent of about 30 Polish złoty (less than 10 dollars) at the time of payout. The reward, given my living standards, is not particularly significant, but the airdrop did not require much effort from me, although it did force me to take the risk of paying a transaction fee to receive this cryptocurrency.
- The Superfans.tech airdrop is quite related to the above. In this case, performing tasks to earn points that ranked us (I suspect the number of points earned was related to the reward) required time and promoting by posting, sharing, and reacting to marketing materials on social media. For the purpose of this content, the exact value of the reward is not crucial, but it is important that the reward was granted in the form of cryptocurrencies frozen in staking, which is very significant for this matter. Namely, the airdrop site and the media and profiles supposedly went offline, which in my case meant losing control over the funds frozen in staking. Thus, at the moment, the reward is worth 0 dollars, although it is possible that access will be restored in the future. For now, however, the engagement was a waste of time considering the benefits available at the time of writing this article.
- Nyan Heroes is another airdrop where various tasks updated on the site had to be performed, mainly involving reacting to and sharing content on social media. The obtained cryptocurrencies were worth about 16 Polish złoty (less than 4 euros) at the time of payout, but with the caveat that I didn't complete all tasks, including those related to playing a computer game. Nevertheless, in my case, the gain again did not prove to be commensurate with the effort.
- The Energi $NRG airdrop occurred many years ago at the beginning of my cryptocurrency career. The requirements for participants mainly involved performing community tasks. I no longer remember the exact value at the time of payout, but I believe my gains were approximately 800-900 Polish złoty (around $200 today). The downside of this airdrop was that receiving the cryptocurrencies was significantly delayed. Nevertheless, in my personal opinion, the airdrop was satisfying given the sum obtained for the effort, even though it required accepting delays.
As we can see above, there is no definite rule determining whether it is worth participating in airdrops—they are too diverse, and the amounts received depend on our personal life situation and geopolitical context, which can differentiate the standards and evaluation of received benefits from their perspective. Airdrops give you the opportunity to get often free cryptocurrencies anyway.
#AirdropGuide

The Chaos of a Flood of Cryptocurrency Projects Interwoven with Speculation and Practical Project Value:
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Disclaimer:
First, I want to save your time. If you are an experienced observer or participant in the digital world of cryptocurrencies, I doubt this article will be helpful to you. It is more of a minor option for newcomers who may be confused by the number of cryptocurrency projects without understanding how to position themselves towards each of them. I would also like to emphasize that the information I provide is purely hypothetical theory, and I cannot guarantee it will be appropriate for every situation. I encourage you to share your thoughts in the comments, as they may prove to be even more valuable than the article itself.
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There is a certain activity in generating new cryptocurrency projects. The scope of actions taken in this regard may raise doubts about the possibility of familiarizing oneself with every emerging project. This situation may seem chaotic, where we need to recognize which projects are valuable in terms of actual user benefits and which ones are merely discretionary and speculative. The fundamental questions for determining a position may be:
- What is the new token?
- What does it mean to be a holder of a specific project's tokens?
- What is the real demand for the benefits of holding and trading a specific token?
- Does the current value of a particular project's token arise from the demand for its use case, or from the speculative accumulation driven by a pyramid-like belief in its growth, becoming a self-sustaining machine fueled by the increasing capital of those who believe in it?
By spending time on these and other valuable questions, of which there could be more in this article, it may turn out that this data is achievable or even widely available. This does not necessarily mean it will always be so, but in such a case, investing in such a project might simply involve noticing social trends, thereby becoming a speculator in the project. A speculative approach can offer the chance to make a profit, so this article is not intended to criticize this type of business model. Addressing this topic is solely to conclude that it may affect the price, which may not reflect the practical application of the cryptocurrency.
For the sake of a thought experiment, let's simplify and completely ignore speculation as if it never occurred. In this hypothetical and perhaps unrealistic situation, each project is not inflated by the value of future demand faith, but solely by the valuation of the features and privileges associated with the cryptocurrency. In such a case, new projects can be treated like startups—they may want to create the best possible impression on us, possibly making grand promises, while the reality may differ from the vision sold to potential observers.
Nevertheless, returning to the topic of speculation, various actions, including marketing, can initiate the demand for cryptocurrency through both unaware buyers and those who know they can profit from it, similar to the "tulip mania" phenomenon in 17th-century Holland. Approaching it like startups will, in this case, during questioning, indicate that the project is overpriced and that the price is inadequate, making it seem unprofitable to participate in this project's markets. However, this may not always be the case. It may turn out that if we are willing to overpay for cryptocurrencies relative to practical approach, there is a chance that someone else will overpay even more, allowing us to gain profit. This would, however, be more of a "game," which may end in either success or failure for us. By valuing projects based on their practicality and application, we also have the possibility that our cryptocurrency, which we bought, will undergo speculative inflation. This works to our advantage as holders because we do not participate in the "game" and yet are its beneficiaries, as we did not overpay within the game but purchased the cryptocurrency using an evaluation model. If it had been part of the "game" at that time, it would not have been worth buying in our opinion.