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An ICO airdrop puts coins in your hands An ICO airdrop puts coins in your hands

What do you need to participate in an ICO airdrop?

You’re curious about the tools that you may require to get the free tokens. In the following few paragraphs, we’ll explain all the tools that may be involved in an ICO airdrop.

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If you’re in to the crypto community then you’re probably familiar with airdrops. If you’re new to the community and unaware of their meaning, then know that ICO airdrops are used by projects to distribute free tokens. That may sound like it is too good to be true. However, numerous projects perform crypto airdrops to attract investors and gain social media followers.

An ICO airdrop is an effective tool that many projects use for marketing and to pump the value of their tokens. However, a crypto airdrop can also have a negative impact on the value of the tokens for a project, because it may attract non-serious investors. Moreover, it might also just increase the social media followership of a project, while not having any impact on its social engagement or actual investments.

Still, you may want to give this a try because it’s an easy way to participate in the crypto sphere. So, you’ve found a perfect airdrop and now want to participate in it to get a token free. You’re curious about the tools that you may require to get the free tokens. In the following few paragraphs, we’ll explain all the tools that may be involved in an ICO airdrop.

1. Social Media Profiles

To participate in any airdrop, you most definitely require social media profiles. The mostly commonly utilized platform is Telegram. You may already be using it for communicating, just like the 200 million other users.

Along with Telegram, you may also need Twitter and Facebook accounts. Some airdrops require the completion of tasks such as liking Facebook pages and following them on Twitter. Therefore, in order to get the free tokens, you will be required to have these social media profiles. Email addresses are also a requirement for many airdrops.

These are just some of the most commonly used profiles for airdrops, there are cases where the airdrops may give the task to like, follow, or share their content on other social media platforms. A good understanding of the commonly used platforms will be an asset when you’re participating in an airdrop.

2. An Active Ethereum or EOS Wallet

A sizeable majority of the airdrops are conducted by tokens that are ERC-20 compliant, so, you’ll probably need an “active” Ethereum wallet. EOS is also an increasingly popular platform for airdrops, so to get the most out of your airdrop activity, be sure you can participate in both styles of drop. We emphasize its active status because there have been cases where the airdrops check the activity level of the wallets, before directing funds in it. This is done to avoid paying out to fraudulent wallets, which are created for the sole purpose of cheating extra funds from airdrops.

Lastly, the wallet should be a personal wallet and not on an exchange. This can also cause trouble while accepting the free tokens from airdrops.

Conclusion

Airdrops may seem like a good opportunity to make some easy bucks, but it is important to stay safe out there. Not all airdrops are legitimate, before participating in any, research about it, to make sure that they are not fraudulent. Never give out your private key to airdrops, because that may be used to skim funds out of your wallets. Whenever participating in the airdrops, only give out your public keys, which do not pose a threat to your wallet.

A crypto airdrop is a good way to get free tokens

How do you find a crypto airdrop?

Danish YasinOct 17, 2018
zoommachine / Shutterstock

ICO drops are a good way to get started with cryptocurrency. You can practically invest in a project, without actually investing money into it. Basically, a crypto airdrop is an event, in which a project gives out free tokens to community members. This is seen as a good marketing strategy, because it attracts more participants to a project and allows them to have a stake in it.

An ICO airdrop can also be used to pump the value of the token of a project, by increasing its demand while keeping the supply limited. The strategy of employing a crypto airdrop to increase the marketing of the project and value of the coin is being used by numerous projects out there.

To participate in a crypto airdrop, you will need social media profiles on some of the most widely used social network platforms. The most commonly required profiles are that of Facebook, Twitter, and Telegram. The last one holds a special place in the crypto community and almost all ICO projects have a Telegram profile, through which they actively communicate with the community.

Are airdrops a scam?

Airdrops have gained a lot of attention in the last year and with it, they have also gained considerable critics. Many consider them scams and think that such a marketing strategy is ineffective. However, for many projects, airdrops have managed to successfully raise community engagement for a project.

But, there have been projects, which were unable to produce the desired results, despite having a good crypto airdrop. Ubex and Shivom are some of the projects that were unable to reach their hardcaps, despite enjoying a significant increase in their community members after airdrops.

There have also been instances of people promoting a purported airdrop that was actually a phishing scam or other fraud.

To conclude, airdrops are not necessarily a scam, they are a legitimate marketing strategy. However, their effectiveness has been questioned by many.

Finding a Good Airdrop

There are a number of scam airdrops out there and it is important to be careful while participating in an airdrop. Participating in a scam airdrop may result in becoming a victim of identity theft. Your data may be leaked and used for malicious purposes. Moreover, if an airdrop is asking for the private keys of your wallet then it is probably a scam.

Providing your private keys to a company means that you are putting your wallet at risk and run a strong chance of losing the tokens in it. Therefore, never send your private keys and be on the look out for companies that ask for them, they are most likely scams. Use your public keys instead, they do not put your wallet as risk.

Keeping the above discussion in mind, you may require assistance in finding legitimate airdrops in which you can participate. Our airdrop list contains a list of airdrops complete with information about the project including their whitepaper, website, and social media links. You can use the list to find out about new airdrops and find out what would be required to participate, before actually participating in it.

Finding legitimate airdrops can be as difficult as finding honest ICOs, therefore, always be careful and do your due diligence before participating in any of them.

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A smug ICO expert

The Conundrum of ICOBench and its TOP 20 Experts

Karnika E. Yashwant, KEY Difference MediaOct 16, 2018

There have been decades of study performed to discover the hallmarks of expertise and how it can be achieved. Most scientists in the field now agree that there are two distinct forms of intellectual expertise: heuristics and biases (HB) and natural decision-making (NDM). While these two schools of thought differ in major and important ways, both rely on objectively successful completion of tasks within a domain as prerequisites for being deemed an expert.

How do we define expertise?

In the crypto space, we can use the legal definition of what an “expert” opinion is and why it must be admissible as proof of expertise. According to Odgers and Richardson, the traditional rules of evidence in Australian courts include:

  • The opinion must be relevant to a fact in issue.
  • The expert must disclose the facts (usually assumed) upon which the opinion is based.
  • The facts upon which the opinion is based must be capable of proof by admissible evidence.
  • Evidence must be produced to prove the assumed facts upon which is the basis of the opinion.

I’ve researched deeper on the phenomenon of ICO “experts” cropping overnight and came up with amusing findings. Most of today’s top ICO experts are average people who decided to start advising ICOs within the past year or two.

Experts don’t seem to have any special knowledge except they were invited by an organization or a group hoping to launch an ICO based on what they deem is this personality’s influence in the crypto/blockchain field.

A track record of rating ICOs for over 3 months apparently becomes acceptable as “expertise”. Some of them were part of some ICO, but at that point, they were clueless about how ICOs work. It’s only after that they established their knowledge about them.

Those were observations of insiders in the field and I’m not about to name names except when these early ICO advisors make you think that they are super specialists and you “don’t belong in the same group with them”. That is the biggest deception they spread.

The funny part is, only a few ICO advisors could be called well-known and popular but ICO founders are led to believe that their ICO’s success depends on the popularity of an ICO advisor/expert, which could not be further from the truth. But as things stand, you can apparently advise your way to popularity, as the current crop advisors seem to be doing.

How does ICOBench choose its TOP 20 experts?

Here’s the thing, there’s some “mystery” in the way ICOBench ranks the experts in the “TOP 20” and so on. Currently, it’s based on the success score where for each ongoing or upcoming ICO, a person (or an agency) receives a number of points that is calculated based on the ratings of the ICOs that they are a part of.

The problem is, the top 30 guys all have something like 40-70 projects or around that range under their belt. Make no mistake, after I reached out to ICOBench, they modified their “Experts” listing page based on “weighted score”, but still the Top 20 and Top 10 are based on the Success Score. The ICO space has been active for around 2 years now or an equivalent of 24 months of existence.

Let me show you how this expert rating CANNOT possibly work by simple calculation if you will bear with me.

A typical ICO takes anywhere from 4-6 months from start to full completion. Even in 2017, it was taking at least 4 months for full completion. Considering 5 months as an average, we are looking at 10 active projects at all times for an ICO Advisor assuming he takes up 2 new projects every month.

From my experience, if you are hands-on involved to advise, assist, and consult the ICO, reviewing all activities and so on, it can take up to 40 hours a week – as a “working advisor”. For just advising and consulting for Q & A, maybe 20 hours a month.

Considering an average of 30 hours, that’s 300 hours a month of advisory time there. THEN the rest of the time for learning, marketing themselves, living a life, and so on. I know we all work for 300 hours a month, but we just don’t get to work on advisory all those 300 hours.

These computations reveal the fact, that these top advisors/experts are less “knowledgeable” as they never really advised the ICOs, which would be impossible as we have deduced from the computation, but just had the name to the list and may be helped with a thing or two.

I have spoken in recent days with many ICO founders who had reached out to me saying they did not get any value or directions or assistance of any kind from the “top advisors” and wanted my assistance. Of course, I cannot do more than 2 advisories at one time (not 2 per month, but 2 active advisories at one time irrespective of how many months I’ve been at it), so I have to decline. Investors depend on expert’s rating to judge who the “best” is.

Bottom line, it’s my kind suggestion to not just consider the number of ICOs these “experts” are part of, but to decide their competence by the way they actually served the ICOs and in the manner they are rating the ICOs. I hope it’s taken as a positive suggestion for the betterment of the community by all rating sites who adopt a similar calculation.

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Hate speech has no place in the crypto community

Anti-Semitic, Violent, and Bullying Activity Crawls into Crypto Community

On YavinOct 15, 2018
Live2Create / Shutterstock

One of the best things about crypto is the coming together of people all over the world whose goals are to make it a better place. Every race, religion, nationality, and language is represented in the crypto universe. As a member of the crypto community, it is extremely troubling when in this world we call our own, we see instances of racism, bigotry, and sexual violence.

Warning: The images in this article contain racist, anti-Semitic, and violent sexual imagery. They are offensive and may be considered Not Safe For Work.

Nazi symbols and other offensive imagery in Telegram sticker pack

We recently discovered these stickers on the messaging platform Telegram Many people throughout the crypto world rely on Telegram to communicate their thoughts and ideas in a place of discourse that should be free of hatred and narrow-mindedness. Unfortunately, we are not so lucky. These disgusting images should not have been allowed to be added to the platform, but this goes to show that either Telegram does not screen their user created content, or they simply do not care. 

This is what happened when one person called out the admin of a group for allowing such content:

Name calling, belittling, and bullying, just for trying to remove insensitive material. We have also received reports that one Telegram group took a stand by banning this content and the users who posted it, only to be subject to similar attacks and bullying.

I am calling out all Telegram founders, managers, group admins, and staff to fight against such behavior. Because this behavior is not just limited to this sticker pack. We’ve found several other packs that have similarly offensive material, in addition to anti-black memes and sexually violent images.

Offensive sticker packs on Telegram

We in the crypto community have a duty to keep one another in check and to not let this kind of behavior slide. As a Jew whose family suffered a terrible fate in the Holocaust, I especially take offense to the Nazi and anti-Semitic imagery we have recently seen. I know what it is like to be the subject of such hate. And it angers me that this imagery is being used on Telegram, and encouraging people to bully those who would call it out. If we do not speak out against this, it just welcomes these actions again, but maybe next time towards another minority group. Today it’s Jews, tomorrow it’s you. It is important to remember that the Nazis also persecuted the Romani people, the LGBTQ community, and people with developmental disabilities. Furthermore, tolerating imagery related to one hate group only emboldens other hate groups to act openly as well. Hitler and the Nazi symbols not only show hatred towards Jews, but are a symbol of hatred towards humanity. It is all our responsibility to call these people out for the cowards they truly are, and let the world know that we will not sit idly by and let these people and their ideals win.

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