Social Media as an Airdrop Promotion Tools

Airdrop is a free distribution of Coins or Tokens. Airdrops can arise because of the Hard Fork, but more often given when making new coins to attract attention.

One indisputable fact of the crypto revolution is that the large Exchange on the platform will continue as well as Airdrops. There are currently more than fifteen hundred cryptos, with many more being developed. When the ICO explosion began last year, new coins easily attracted attention.

And now it's not like that anymore, because the market has become crowded with coins competing for their interests. Airdrops have now become a common tool for teams who want to get their platforms filled with coin enthusiasts.

Most Ethereum tokens, although now can be found on a number of platforms such as Neo and Ethereum Classic. Participation is often as simple as holding a platform on which tokens are based, although in some cases recipients are required to take actions, such as sharing links to social media, to qualify.

Needless to say, everyone is happy to receive free cryptocurrency even though few and airdrops have allowed some coins to become popular. However, there are several issues to consider. For example, airdrops can contribute to price volatility, such as when Ignis was given free to NXT holders in December 2017. Compensation for IGNIS airdrop caused the price of NXT to skyrocket, and collapsed again after that.

There are also fraudsters who will create fake airdrops in an attempt to steal from novice crypto holders. These scammers will ask the user to reveal the private key, or request a crypto deposit as a prerequisite for receiving so-called coins.

Another concern is the potential of regulations and tax responsibilities related to airdrops. In the United States, cryptocurrency is considered a property, and is defined as securities by the Securities and Exchange Commission. Thus, it is possible that the Internal Revenue Service can consider taxable assets, such as company dividends. 

This fact can, in theory, create tax obligations for people who receive airdrops that they did not ask for.The popularity of airdrops has also created communities and websites dedicated to taking advantage of free offers. 

Reddit and Telegram both have communities dedicated to airdrop, and websites such as listings and reviews of valuable and airdropalert offers. Although most airdrops are of very little value, participating in many will have the potential to be added. Some fans claim to receive hundreds of dollars a month. In addition, some cryptos that have been completed by the ICO mass and enter the global market have substantially increased in value. For example, Omisego and Stellar Lumens were both sent as airdrops last year.

Also worth noting that the recent restrictions on ICO ads by Twitter and Google are likely to make more Airdrop, because the team must now find alternative ways of promotion. There is even an assumption that airdrops can replace ICO. In addition, as the process matures, airdrops can be targeted to specific users based on geography, interests, or other personal factors.

lately a lot of tweet from Twitter users talking about free airdrop. this causes most Twitter users to feel a little uncomfortable even the post is considered a spammy post. from Twitter itself there is no limit to posting, but it must be based on the rules set by Twitter social media.

as an example Twitter account will be suspended and can no longer be accessed because they are considered to tweet automatically and as spammy tweets.

This problem can actually be said is not entirely not the fault of the bounty hunters, but from the organizer Airdrop is also responsible with the intention of doing promotions that cause too many spam posts.
be wise in using social media, hopefully in the future social media can return better and more organized than spreading information that can create misperceptions for most social media users.