Airdropping is one of the various indices of operation that cryptocurrency holds in its methodology of dispensing tokens to her users. During this time, so many participants are drawn to the attention of a cryptocurrency project about to hit the market and of course those that met the criteria of the dispersion of the tokens are rewarded accordingly. This has been an inducted method of drawing many people's attention to a cryptocurrency project which gives the project the momentum to spread both far and near with so many things involved with it.
The case of airdropping in a cryptocurrency project has evolved over the years as so many mediums in addition to the tasks are required to be done before one is qualified to receive a portion of the airdrop. Recently the social media network of airdrops has taken a new shape with it now being a much more interesting thing to do as Telegram app has taken over as the navigating tool for airdropping. Earlier before, it was the twitter app but right now, a new phase of airdrop has emerged where TAP-TO-EARN is the new strategy of it all right now and telegram is the host. Unlike before when twitter was the host, so many things where involved which has to do with having a particular number of followers, having a particular wallet address and so on. Currently Tap-to-earn has changed the atmosphere of airdropping, giving it a different vibe of operation and in this, users get to explore more, participate in tasks which has nothing to do with having a designated number of followers and an active engagement on it.
The Scam in some Tap-to-Earn Crypto Airdrops
Currently there is thrice the number of tap-to-earn crypto projects than the real ones. Yes we all know that there are many crypto airdrops which needs specific tasks to be done in it before one qualifies for the airdrops but what is seen right now as the tasks and the qualifications is something that has been hijacked from its proper use to a different one altogether, indicating that most of the projects are scams.
As there are different coins to be airdropped using tap-to-earn method, they also have different tasks on it. Some involves having a specific wallet and doing some tasks in the wallet, following different accounts on twitter and retweeting the posts indicated, forming a clan of tappers which helps to boost the number of coins per tap, having a particular worth of gas fee to be able to participate or withdraw the token if it gets listed and so many rules guiding some of the projects.
Because many people are interested in these projects, they join to perform those tasks, and different millions of people generate a massive attention to such project and help the project have a significant number of followers on various social media handles. The end product of all these tasks and followings on social media handles is to increase ones points and standing in a better chance to receive more of the tokens to be listed. These tasks are been done by millions and later on a different ugly story is been said at the tail end after many months of the airdrop being rumored to be real and authentic. Time gone, internet subscription gone, storage devices wasted in doing tasks and very many other losses like gas fees.
Subsequently, it was clear enough that the motivation behind people joining this tap-to-earn crypto projects was because there was one that paid off real big time and it was NOTCOIN. It was still a tap-to-earn Project with the exact copy of projects these recent tap-to-earn projects has. Many people cashed out from it and many that didn't decided to join these recent projects which ofcourse don't have what it takes to be a big project that will print some dollars to peoples wallets.
Easily Recognized Features of a Scam Project
There are signs to identify a projected scam involving tap-to-earn crypto projects in telegram. Some of these are;
(a)
When the project demands a particular fee to be paid before one can participate. Also there are high chances that most of these tap-to-earn projects that require a gas fee to be paid are scam.
(b)
When the project isn't registered on a legit regulatory body but rather it continues to give promises of being legit with different stories when been asked about its legit registration.
(c)
Claiming to replace a well-known coin like Bitcoin which has been for ages now. Most of the promises these projects comes with are clear signs of its scam nature and this has to be understood by many.
(d)
Not having a specific blockchain as route of its launch.
There are many out there but my take is try to verify any project before joining because many projects has ended up being a heart break notwithstanding how promising they look and some people have ended up loosing both funds in hand and in wallet because of a project that promised massive returns. Thanks for stopping by, do enjoy your time.