Mostly are scam and just waste of time. Some Airdrops ask for fee at the end before distribution. But still there are some Airdrops which are real and paying.
Engaging in cryptocurrency can be risky. Research is mandatory. Especially in regards to airdrops. After years of doing airdrops I have personally decided on the criteria I use to identify possible red flags or green lights.
To memorise the method more easily I call this system RIPPER.
Currently I'm participating in the Prom Testnet Campaign, Allow me to outline how RIPPER applies to the Prom Network:
1.
Reputation: Scrutinizing a project's history and team involvement is crucial. Signals like a recently created Twitter account raise concerns. Prom Network, however, boasts an active Twitter presence since 2020 and is listed on Binance, indicating a more established standing.
2.
Investors: Identifying the backers of a project is vital. Prom Network enjoys support from DWF Labs, a reputable market maker, reducing the risk of fraudulent activities.
3.
Platform: The platforms utilized for project activities are significant. Prom Network utilizes Zealy, known for partnerships with established projects, enhancing confidence.
4.
People: A strong, knowledgeable community signifies a promising project. Prom's community shows high engagement, with members sharing insightful content on platforms like Medium and Reddit, fostering trust.
5.
Explicit requirements: Understanding the criteria for airdrop eligibility is essential. Prom provides a transparent dashboard tracking completed tasks, ensuring clarity and fairness.
6.
Resources: Projects requiring significant financial commitments should be approached cautiously. Prom Testnet tasks utilize free test tokens distributed daily, eliminating the need for monetary investment.
Hope this overview of RIPPER illustrates my decision-making process and may help you in your own research endeavors.