#AirdropSafetyGuide The airdrop is a method for distributing tokens for free to eligible users with the aim of expanding the user base, spreading awareness, and encouraging trading. But not every airdrop is safe, and it's important to know the warning signs and protect your assets.
Warning Signs
A domain that resembles the official one but has 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 listed 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 interactions on Etherscan, and look for audit reports from reputable entities. Also, check user opinions on Telegram, Twitter, and Reddit, and follow the developers' accounts on LinkedIn and Twitter. Read the whitepaper and roadmap, and ensure there are clear technical details.
Common Scam Methods
Rug Pull where founders pull the liquidity and disappear.
Phishing Airdrop fake links asking for wallet connection.
Fake Approvals stealing all assets after granting permissions.
Pump & Dump inflating the price and then dumping suddenly.
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 on Etherscan, so I did not participate.
Always use a separate wallet for airdrops, set an Approve value, and use revoke tools after transactions. Follow reports.
