Most projects on Telegram involve "Tap to Earn," meaning you tap to earn points that are later converted into tokens on TGE (Token Generation Event). However, nearly all Telegram airdrops are fooling you nowadays.
In the past, projects used to conduct ICOs (Initial Coin Offerings) before TGE, where they sold tokens at low prices. Later, during TGE, you could sell these tokens for a profit. But now, Telegram airdrops don't conduct ICOs, yet they are raising more funds than traditional ICOs by fooling you.
In ICOs, when you bought tokens, you immediately knew the number of tokens you would receive. For example, if an ICO is selling tokens for $0.001, and you buy $10 worth, you instantly know you will get 10,000 tokens, which will be delivered at TGE. Even major ICO projects rarely raised more than $10 million in funds.
But Telegram airdrops work similarly to ICOs, where they take your money but give you much lower profits. How?
Currently, all Telegram airdrops ask you to make daily transactions, spend on premium features, or collect stars to meet their eligibility criteria. For example, you might spend $10 on premium features and do 1-2 transactions. In return, you donât even know how many tokens you will receive. In an ICO, you would know upfront that you are getting 10K tokens.
Now, let's say a Telegram project has 10-15 million users, and if only 5 million users make $10 worth of transactions, thatâs a total of $50 million raised.
ICO vs. Telegram Airdrops
In an ICO, you know that you will get 10K tokens for $10, and if the token price reaches $0.01 at TGE, you will receive $100. However, in Telegram airdrops, since tokens are revealed later, they might only give you 3K to 4K tokens, resulting in a mere $15 to $20 profit.
Why donât Telegram airdrops conduct ICOs instead of pushing transactions and premium features? Because if they did, they wouldnât make as much profit, and their community wouldnât grow as fast. Without a large community, how would they earn?
If they conducted an ICO, they would struggle to gather even 10K users.
How Telegram Airdrops Manipulate Your Mind
Imagine you have worked on a "Tap to Earn" project for 4-5 months, and at the end, you are asked to make transactions to stay eligible. You think, âWhat if I donât make the transaction and miss out on eligibility?â or âWhat if I get very few tokens?â This uncertainty forces you to make the transaction, so you donât lose the fruits of your 4-5 months of effort. But in ICOs, you donât spend 4-5 months of effort; you just buy tokens if you have money, or you donât, and thatâs it. Tap to Earn airdrops, however, make you pay
ICOs donât have this problem because your time isnât at risk. You have the choice to buy or not.
Tap-to-earn airdrops force you, after working for months, to pay $10 to $20 to get $30 to $50 in return. Why not just do an ICO and get the same profit in 5 minutes? Think about it.
My Request to TON Blockchain
TON should take note that tap-to-earn projects are exploiting people through their eligibility requirements. TON should force these projects to conduct ICOs so that everyone knows exactly how many tokens theyâll receive.
Conclusion
Tap-to-earn Telegram airdrops are just fooling you. They are essentially doing the same work as ICOs, but they waste 4 to 5 months of your time and give much lower profits compared to ICOs.
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