#空投防骗手册 In the past two years, there have been countless cases of airdrop exploits; even projects with solid backgrounds and good narratives are at risk of exploitation. Avoiding major pitfalls has become a top priority, as detailed below.
1. Identify the bad information on Binance's forum.
Do you often see posts about 'earning amazing returns from airdrops'?
'Someone makes so much USDT a day from software mining' 'This project is just free money' kinds of posts?
First, let's talk about mobile mining... Generally, they use the banner of zero cost to get others to register/download software. The profits generated from this are usually non-withdrawable, or the project team makes up various reasons to ban accounts. The typical scheme is... first, let shills post on major exchanges → newbies wanting to make money download and run the software → invite more people to register to increase their own profits → more newbies start a viral promotion → unable to withdraw (or time delays or earnings withdrawal issues).
Most people who haven't invested in mining are fine; they just waste time. However, those who spend money on software to quickly increase earnings are the real suckers (like paying a certain amount of USDT to accelerate mining, etc.).
This type of exploitation relies on numbers; there will always be some people willing to invest money. If the project team sees the trend turning against them, they will quickly flee.
Currently, mobile mining technology is almost non-existent. The so-called mining interface is similar to a timing function that 'increases/decreases' like a 'clock.' Experienced users typically won't fall for it.
2. 'Register/recharge/invite on a certain exchange to receive so much USDT' 'Register on a certain exchange to receive popular token airdrops,' etc.
Most exchanges have 'referral' activities. Even Binance, the world’s top exchange, has ongoing referral activities. What is worrisome are those obscure exchanges that you’ve never heard of, where money 'only goes in and doesn't come out.'
As for 'sign up to receive XX airdrop'... treat it all as a scam. Major exchanges generally do not engage in such activities; newcomers should be cautious.
3. Wallet airdrop token scams.
Do you often receive tokens from unknown sources in your Binance wallet? Or does your wallet balance suddenly exceed a million? If you authorize and sell such tokens... then your wallet’s assets could be instantly emptied!
Binance does a great job at marking 'high-risk' token contract addresses to prevent tragedies.
In my opinion, the risk of such scams cannot be completely eliminated. As long as someone knows your wallet address, they can send you 'scam airdrops.' Hopefully, things will improve in the future.
How to avoid pitfalls?
Do not post your wallet address in threads claiming 'post your wallet address to receive this many USDT in tokens'!
Do not take any action on 'high-risk tokens' as flagged by Binance (do not authorize or sell).
Do not sign on websites without Binance endorsement!
There is also a type of scam involving multi-signature wallets, which is not closely related to airdrops. Those interested can search for it on public forums. As for foreign large projects’ airdrops, it depends on personal discernment; some make profits while others fall victim to exploitation.
If you think off-exchange airdrop projects are unreliable, then just accumulate alpha points while waiting for rewards; it's hassle-free and worry-free.
