Airdrop is a method to distribute tokens for free to eligible users with the aim of expanding the user base, raising awareness, and encouraging trading. However, not every airdrop is safe, and it is important to know the warning signs and protect your assets.

Warning Signs

A domain that resembles the official one with a different letter or dot or an expired SSL certificate.

Founders without a digital history or unreliable LinkedIn and GitHub pages.

Suspicious contracts where the contract address is not present on Etherscan or has few transactions.

Unjustified approvals where an unlimited Approve request withdraws all assets.

Verifying the legitimacy of the project

Check the number of transactions and user interaction on Etherscan, and look for Audit reports from known entities. Review user opinions on Telegram, Twitter, and Reddit, and follow the developers' accounts on LinkedIn and Twitter. Read the Whitepaper and roadmap and ensure that there are clear technical details.

Common Scam Methods

Rug Pull where founders withdraw liquidity and disappear.

Phishing Airdrop fake links asking to connect your wallet.

Fake Approvals that steal all assets after granting permissions.

Pump & Dump inflate the price and then suddenly dump it.

Example of avoiding a scam

A project requested a Swap with a fee of 0.0001 ETH, but the domain was unofficial and the contract was not found on Etherscan, so I did not participate.

Always use a separate wallet for airdrops, set the Approve value, and use Revoke tools after transactions. Monitor Audit reports before participating. Set a gas limit to fail fraudulent transactions.

Good luck #AirdropSafetyGuide