Should I jump on an airdrop or pre sale simply because a reputable exchange promoted it?

[Fidelia]

One of the things that I hear too often is when people pushing another to join a pre sale or airdrop tell you that a reputable exchange like Binance is promoting the airdrop. For some, that is enough reason to join the airdrop as it were. Can I join an airdrop or pre sale because a popular exchange is promoting the airdrop?

 

[Nomad]

I think it is ok to invest in airdrop and presale as long as you invest little money. It is not good idea to invest heavily

 

[magnus2022]

If an exchange is supporting the airdrop, it simply means there is some level of recognition and value in the airdrop. A lot of airdrop is scam and a whole waste of users time and energy. If an exchange endorse airdrop, it will usually turn out well.

 

[Fidelia]

I think it depends on the exchange that is supporting the airdrop. If Binance supports the airdrop, no need to think twice of it's legitimacy.

 

[Suba]

Basically, airdrops are not listed on crypto exchanges so 80% is speculation and 20% is your belief, many airdrops have been promoted by well-known exchanges, Binance, Bitget, Coinmarketcap etc. for example TapSwap, but have not been listed, so before buying tokens on the presale, it is better to study them in depth first.

 

[Augusta]

it might sti turn out a flop but you can still be part of it but invest just what you can afford to lose

 

[riberet19]

If an exchange promotes it, it is one more reason to trust, but it is not something definitive or that will make you money no matter what.

 

[Fidelia]

I have even seen airdrops promoted by OKX that have turned to scams. Being promoted by an exchange is not a guarantee that it is legit.

 

[eLdavis]

The most important thing is to understand the risk involved and invest something small, there is no guarantee it would work out even a well known exchange platform promoted it.

 

[Kross]

When an exchange is paid to promote an airdrop, it is still the responsibility of the airdrop participant to research and confirm the potential of being scam.