Airdrops are suppose to be free to everyone that applied for it, any airdrops that ask for payments of any kind be it fiat currency or cryptocurrencies deposits are mostly scams. Many people have been scammed through this method of claiming airdrops.
Actually the investment requirement is just but one of the red flags. There are actually several factors one should check before giving your money or time to any crypto project. I myself check 6 points of interests. Because you can miss a single red flag, but you are more likely to spot one out of 6.
To memorize it easily I call this system: RIPPER.
Allow me to explain on a live example: currently, I'm participating in the Prom Testnet Campaign.
Here's how RIPPER works for Prom Network:
1. **Reputation**: It's crucial to check a project's history and team. For example, a new Twitter account can be a red flag. Prom Network has been active on Twitter since 2020 and is listed on Binance, showing it's reputable.
2. **Investors**: Knowing who supports a project is important. Prom Network is backed by DWF Labs, a well-known market maker, which reduces the risk of fraud.
3. **Platform**: The platforms used for project activities matter. Prom Network uses Zealy for its campaigns, a platform trusted by many established projects, which boosts my confidence.
4. **People**: A strong, knowledgeable community is a good sign. Prom's community is very active, with members writing detailed articles on Medium and Reddit, which builds trust in the project.
5. **Explicit requirements**: It's important to understand the rules for eligibility. Prom has a clear dashboard that tracks and calculates points for tasks, ensuring fairness.
6. **Resources**: Be cautious of projects that require significant financial investment. Prom Testnet tasks use free test tokens provided daily, so no money has been needed over the past month.
I hope this explanation of RIPPER helps clarify my decision-making process and assists you in your research.