Airdrop?! Not So Lucky Anymore!
The airdrop was a way to help crypto to expand its user base. See the past tense I used! Nowadays, an airdrop is a way to scam new users. It becomes a way to siphon users’ tokens on the wallet away from unknown wallet addresses.
TL;DR
Airdrop is no longer a way to receive cryptos. Instead, scammers use this to embed a smart contract and execute the transfer function to take your cryptos away. Also, most airdrop tokens cannot be sold.
Here is a 1 min summary of the article if you want to skip the reading.
Airdrop Tokens
The way airdrop works were to promote tokens and expand the user base. But, more importantly, it offers users a promise for tokens to be usable.
Newbie FOMO
FOMO is very bad, particularly in the crypto space. Cryptocurrency is a security protocol that allows developers to transfer secrete communication from one end without revealing their private information. To use cryptocurrency properly, one has to understand what it was programmed and how it should work…
