CHY Airdrop by Concern Poverty Chain: What You Need to Know Before Participating

by Lori Henry 0

CHY Airdrop by Concern Poverty Chain: What You Need to Know Before Participating

1 Dec

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Is This Airdrop Legitimate?

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Total Tokens Offered

Claimed Total Value

Project	Transparency	Traded on Exchanges	Real Impact	Track Record
GiveCrypto	Verifiable donations with blockchain receipts	Yes	Over $5M distributed to people in poverty	Active since 2020
BitGive	Public donation tracking on blockchain	Yes	Over $10M in verified donations	Active since 2015
CHY Airdrop	No verification of funds	No	Zero actual aid provided	Relaunched from dead project (2021)

When you see an airdrop promising 400,000 free tokens for just following a Twitter account and joining a Telegram group, it’s easy to get excited. But when those tokens are worth $0, and no exchange will let you trade them, you should pause. The CHY airdrop by Concern Poverty Chain is exactly that kind of situation - a flashy promise with no real substance behind it.

What Is the CHY Airdrop?

The CHY airdrop is being promoted as part of a project called Concern Poverty Chain, which claims to use blockchain technology to fight global poverty. According to the campaign, 800 million CHY tokens are up for grabs, with 2,000 winners each receiving up to 400,000 CHY. The total value? They say $10,000 USD. But here’s the problem: that math doesn’t add up.

If 2,000 people get 400,000 tokens each, that’s 800 million tokens total - correct. But if the total value is $10,000, then each CHY token is worth $0.0000125. That’s not just low - it’s practically invisible. And even that tiny value isn’t real, because CHY isn’t trading anywhere.

You won’t find CHY on Binance, Coinbase, or Kraken. It doesn’t appear on any major exchange. On CoinMarketCap, the price shows as $0. The 24-hour trading volume? Zero. That means no one is buying or selling it. Not even a single token has changed hands in the last day.

How to Participate (And Why You Should Think Twice)

Participating in the CHY airdrop is simple. You need to:

Create a free CoinMarketCap account
Add CHY to your watchlist on their site
Follow @chytoken on Twitter
Join the @ConcernPovertyChain Telegram group
Follow the @CHYNews Telegram channel
Retweet CHY’s pinned Twitter post

That’s it. Five minutes of your time. No wallet setup, no deposit, no KYC. Sounds harmless, right?

But here’s what you’re really doing: you’re giving your social media data to a project with no track record. You’re helping them inflate their follower counts to look legitimate. And in return? You get digital tokens that can’t be spent, traded, or used for anything.

Think of it like getting a gift card that only works at a store that doesn’t exist.

The Token’s Technical Reality

The CHY token exists on the Ethereum blockchain. Its contract address is 0x35a2...030971. You can look it up on Etherscan. What you’ll find is a token with a maximum supply of 580 billion CHY - a massive number - but a circulating supply of exactly zero. That means none of the tokens have been released into the market. Not one.

There’s also a record of an "Old CHY Token" airdrop from June 24, 2021. That’s over four years ago. The old token also had zero value. This isn’t a new project. It’s a relaunch. And it’s using the same playbook: promise big, deliver nothing.

No smart contract has been updated. No new features have been announced. No charity has ever used CHY to send aid. There are no case studies. No reports. No photos of communities receiving help. Just a website and a social media account.

A child holds a worthless token beside real food, with a legitimate charity delivering aid in the background.

How Does CHY Compare to Real Humanitarian Crypto Projects?

There are legitimate blockchain projects that use crypto to help people in need. Projects like GiveCrypto have distributed over $5 million in crypto directly to people in poverty, verified through blockchain records. BitGive has tracked over $10 million in charitable donations on the blockchain since 2015.

These projects don’t rely on airdrops to build trust. They publish real donation receipts. They show who received funds. They work with NGOs. They update their communities regularly.

Concern Poverty Chain does none of that. No transparency. No proof. No impact.

The difference isn’t just in scale - it’s in intent. Real projects want to change lives. This one wants to collect Twitter followers.

Why This Airdrop Is a Red Flag

Here are the warning signs you can’t ignore:

Zero market value - No exchange lists it. No one trades it.
Zero circulating supply - The tokens don’t exist in wallets. They’re just numbers on a screen.
No track record - No past donations. No verified impact. No public reports.
Relaunched from a dead project - The same token failed in 2021. Now they’re trying again.
Only social media tasks - No utility, no roadmap, no development updates.

If this were a real charity, they’d be posting photos of food deliveries, school supplies, clean water projects - not just retweet prompts.

What Happens After You Claim the Tokens?

Let’s say you complete all the steps. You get your 400,000 CHY tokens. What then?

You can’t sell them. You can’t use them to pay for anything. You can’t send them to someone who needs help. You can’t even store them in a wallet that matters - because no exchange will list them.

Your tokens will sit in your wallet, collecting digital dust. They’re not an investment. They’re not a reward. They’re a digital souvenir from a project that doesn’t exist.

And if you’re hoping this will "launch soon" and you’ll get rich later - don’t count on it. Projects like this rarely ever do. Most vanish after the airdrop. The team disappears. The website goes dark. The Telegram group becomes a ghost town.

A forgotten wallet sits among discarded crypto tokens as a real humanitarian project shines outside the window.

Should You Participate?

If you’re just curious and don’t mind spending five minutes to follow a few accounts - go ahead. It won’t cost you anything. But don’t expect anything in return.

If you’re hoping to make money, help the poor, or get involved in a real blockchain charity - walk away.

There are hundreds of legitimate crypto airdrops every year. Many from real projects with real teams, real products, and real use cases. Why waste your time on one that’s been dead for four years and still has no value today?

What to Do Instead

If you want to support humanitarian causes with crypto, here are better options:

Donate directly to GiveCrypto - they send crypto to people in need and publish receipts.
Use BitGive to track your donations on the blockchain.
Follow UNICEF Crypto - they accept Bitcoin and Ethereum for child aid programs.
Look for airdrops from projects with live trading volume, active GitHub repos, and published roadmaps.

Real change doesn’t come from retweets. It comes from verified action.

Final Thoughts

The CHY airdrop isn’t a charity. It’s a marketing stunt. It’s designed to make a project look bigger than it is. It uses the language of hope - "eradicating poverty," "helping the vulnerable" - to mask the fact that nothing has ever been done.

Don’t confuse visibility with validity. Just because something is promoted on CoinMarketCap doesn’t mean it’s real. CoinMarketCap lists thousands of tokens - many with zero value, zero volume, and zero purpose.

If you’re going to engage with crypto for good, make sure it’s actually doing good. Otherwise, you’re just helping someone else’s social media numbers grow.

Lori Henry

I’m a blockchain researcher and crypto product strategist. I analyze protocols, tokenomics, and market structure, and I publish practical guides on coins, exchanges, and airdrops. I also advise startups on security and compliance while translating complex crypto knowledge into accessible insights.