Azen Airdrop Claim Process: Tales of A Scam Project

Azenhub finally listed on some crypto exchanges on the 8th of May but the airdrop didn’t turn out as expected for most enthusiast and users who have believed in the project and taken it very seriously from inception. Prior to TGE, the team announced a rather disappointing airdrop distribution ratio that meant, alot of users would have to do more work in order to be able to claim their airdrop. However, the falling price on DEX and the stiff airdrop claim process say something entirely different about azen and it’s future in the crypto industry.

In this article, we will be breaking down the azenhub airdrop claim process for people who are yet to understand it due to the vague explanation given by the administrators of the project. So without wasting much time, let’s dive right into the topic of the day.

Azenhub Airdrop Reward Ratio

According to the official publication on their X handle, they claim, only 5% of the total token supply will be used for airdrop and in this 5% (previously 1%), users would have to complete certain requirements in order to earn it. The rewards were split into three categories namely;

1. Instant Airdrop (1%) — available to claim on the distribution day
2. Complete-to-Collect (1%) — a second chance for users who didn’t meet the minimum criteria
3. Stake-to-Unlock (3%) — exclusive rewards for long-term supporters

Meaning that, only 1% of the total set out amount for airdrop will be available for instant claim on the day of listing, probably to prevent mass token sales and price depreciation as witnessed on some other crypto projects. Additionally, users who will be able to get a percentage of their tokens for instant claim are those who have supported the project in terms of being very active.

The Complete-to-Collect is entirely different and in their words, it’s like giving users another chance. Here you simply have to come online on the azen application and check-in daily and complete tasks for 30 days in order to unlock a percentage of your token and then, continue doing so for the next 90 days to unlock more airdrop rewards from your allocation. Here is a screenshot breakdown of what the Complete-to-Collect is all about;

On the Complete-to-Collect, about 1% of the total supply is given to all users as a second chance and they have to complete daily tasks and engage in activities on the app daily to be counted as active and if they continue same way for 30 days, they will unlock a percentage of their tokens.

The last one is even more surprising than, the previous ones because, users have to deposit Azen to their wallets and stake it on the app in order to unlock same amount of tokens after 120 days! Yes, you heard right, 120 days! 3% of the total distribution is set out for the stake to unlock rewards scheme.

The main issue is, the fact that users are meant to deposit their own money by purchasing Azen tokens and stake it for that number of days to unlock the equivalent of whatever amount staked.

Let’s say, you have 4,000 Azen token in the stake to unlock section, you have to buy 4,000 Azen and stake for 120 days if you want to unlock the full amount in your azenhub dashboard. They claim, the requirement was put in place to reward long-term supporters of the project.

Why Azenhub Airdrop Is a Sham!

What’s the essence of airdrop? Let’s take the definition of the term for instance –

According to Investopedia — “A Cryptocurrency airdrop is a marketing strategy that involves sending coins or tokens to wallet addresses. Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent by the company issuing the currency”.

From the definition above, it’s clear that, the original idea of an airdrop is to reward users who complete a task with free crypto tokens and not to exploit them in any way or make them do extra tasks after they’ve supported the project for almost a year.

Azen was launched sometime last year and a lot of the users who were expecting a drop, had supported the project for almost a full year, completing X tasks and training the so called AI, only to be shown allocation without actually giving them the option to claim their tokens.

Majority of the users who have been on the app for so long were all put in the annoying box of those who need to Complete-to-Collect and people who have to stake to unlock their allocation. Making it impossible for anyone to actually get the airdrop they worked for.

While I wouldn’t say the token allocation was bad. The tasks and numerous requirements needed to finally get them is the problem and the main factor that rendered the airdrop done by Azen, a shambolic one! It’s pointless showing people a token they wouldn’t be able to claim nor sell, worse still making almost all the users connect their Exchange addresses only to not use all.

Additionally, the whole idea of locking or vesting an airdrop is to sustain the price but in the case of Azen, the token price on DEX (Mexc) kept going down — a token that listed at $0.015 per unit is now being traded at $0.0024, a huge decline in price for a token that most of the users were not even able to claim on the day of listing. Don’t you think so?

Despite the severe decline in price, the administrators are still expecting users whom they failed to reward even in the slightest to buy the token and stake for 120 days to unlock more of their mined tokens, pathetic and highly inconsiderate on their part and more reasons not to do such a thing.

Why It’s Unadvisable to Stake

Buying and staking the Azen token is undoubtedly a way to support the project but why support a project that failed to keep to its end of the bargain? I mean, users completed tasks, referred alot of users, earned and accumulated the Xaxen points, only to be shown an airdrop allocation and a very stringent claim requirements.

Supporting such a project is certainly not a very good idea and as such, you may have to disregard it entirely or stick to the Complete-to-Collect, i.e. signing in daily and completing a few tasks for 30 days to unlock more of your tokens.

The more reasons why it may be a pointless activity is the constantly falling price of their token on exchanges and the fact that, the token was only listed on third tier exchanges (Bitmart and Mexc) thus the chances of it growing beyond what we’ve already seen is very slim.

The price hasn’t appreciated a bit since it got listed on the 8th of May, it’s just consistently falling and that’s dangerous for anyone who may want to support the project by buying and staking for 120 days. What if after 120 days, the token has completely depreciated or even being delisted by the few exchanges they listed on? What would you do?

These are questions to ask yourself before you decide to support any failed Airdrop like Azen. They’ve done their possible worst already by not distributing the mined tokens to the users. Don’t give them anymore advantage by spending money on their failing token.

Conclusion

The long and short of the whole discussion is, Azen scammed it’s community! The hard earned points and tokens accumulated by the users for several months now were indirectly withheld by them in a rather unfortunate way. Therefore, it’s best to disregard anything that has to do with supporting the project or buying their failing token.

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