Some of you may noticed that one of the oldest airdrop listing sites around, Airdrop Alert, now has a paid subscription service. The idea behind the service is to save would-be airdrop participants from having to individually sign up and complete relevant tasks for the myriad of airdrops the site lists, which can be a time consuming and usually very tedious process. Not to mention, if you want to participate in many airdrops, you're going to end up sharing your personal information with a lot of companies.
So how does it work? It's a bit different than you may have imagined. Rather than submitting all your information to the respective companies for you, and somehow completing certain social media tasks on your behalf, with the subscription service you aren't actually participating in the airdrops yourself. Rather, Airdrop Alert is simply sharing a portion of the referral tokens they earn with you.
On the one hand, this is nice because--not only do you not have to do any tedious signing up and social media tasks--but your information isn't being doled out to dozens and dozens of start up crypto enterprises, some of which may not have the purist of ethics when it comes to what they do with your information. On the other hand, this leaves the question of how many tokens you'll receive completely open ended. That's because the number of tokens you'll receive depends on how many tokens Airdrop Alert earns through referrals. In short, you have no real way of knowing what you're going to get. All the plans offered by Airdrop Alert include at least four airdrops per month to be shared with subscribers, but there is no way to know what--if any--value they will have.
And the plans are not cheap. They start at 15 Euro a month and go all the way up to a whopping 40 Euro per month. The difference being largely in the portion of the token pool you will receive. Plus the most expensive level includes advance notification of upcoming valuable and Exclusive airdrops. Why would this matter, you ask, if I'm supposed to be automatically dropped coins after subscribing? That's because you can still sign up and participate individually in any airdrops as well. They are two completely different processes. So in theory you can double up on earning from any and all airdops. Still, at these subscription price points--and with so many projects being vaporware in a market that is increasingly wary of future performance--there is no promise that you will come out ahead.
I don't have enough expendable income to invest in such a service, but even if I did, I'm skeptical that I would. Maybe I'd sign up for a month and see how it went, how many tokens were given etc. But I certainly wouldn't be signing on for six months or a year for a brand new service which may not even pay for itself in the end.
Let's review the pros and cons.
Pros
- No need to complete KYC or dole out your personal information to lots of start-ups (some of whom don't have the purest intentions)
- No need to complete the tedious social media tasks and/or referrals usually required to receive airdrops
- Can still participate in any airdrops that appeal to you individually in addition to the subscription service
Cons
- Quite pricey
- No way to know how many tokens you will actually receive
- In such a super saturated market with countless opportunists, and an increasingly skeptical investing public, there is no guarantee that the tokens you'll receive will be worth much of anything
Have any of you tried this service? If so, I'm sure i'm not the only one who'd be curious to hear your personal experience. For more info go here
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