There’s a new airdrop making rounds on CoinMarketCap: the CHY airdrop by Concern Poverty Chain. It promises free tokens, a mission to end global poverty, and a chance to be one of 2,000 winners getting up to 400,000 CHY each. Sounds too good to be true? It might be.
What Is the CHY Airdrop?
The CHY airdrop is a token distribution campaign run by a project called Concern Poverty Chain. They claim to be a humanitarian blockchain initiative designed to make charity donations transparent, traceable, and efficient. The idea is simple: use blockchain to track every dollar donated to the poor, so donors know exactly where their money goes. The airdrop itself is offering 800 million CHY tokens to be split among participants. Only 2,000 people will get the full 400,000 CHY reward. Everyone else who completes the tasks gets a smaller share. To join, you need a CoinMarketCap account, and you must follow their Twitter, join their Telegram groups, and retweet a pinned post. It sounds straightforward. But here’s the catch - the CHY token currently has no market value.CHY Token Price: $0 and Counting
As of January 2026, CHY trades at $0 across every major exchange - Binance, WEEX, KuCoin, you name it. Zero trading volume. Zero buyers. Zero sellers. On Etherscan, the contract address (0x35a2...030971) shows no transfers in the last two years. The token’s maximum supply is 580 billion, but the circulating supply? 0 CHY. That means even if you win 400,000 CHY, you can’t sell it. You can’t trade it. You can’t even use it to buy coffee. The project says the airdrop is worth $10,000 total. But if each token is worth nothing, that math doesn’t add up. It’s like being told you won a lottery prize of $10,000 in Monopoly money. And this isn’t the first time CHY has done this. Blockchain records show an earlier version of CHY was airdropped back in June 2021. That version also vanished without a trace. This looks like a relaunch - same name, same contract, same empty wallet.How to Participate (And Why You Should Think Twice)
If you still want to join, here’s exactly what you need to do:- Create a free CoinMarketCap account (if you don’t have one).
- Go to the CHY token page on CoinMarketCap and click “Add to Watchlist.”
- Follow @chytoken on Twitter.
- Join the official Telegram group: @ConcernPovertyChain.
- Subscribe to the Telegram news channel: @CHYNews.
- Retweet CHY’s pinned Twitter post.
Who Is Concern Poverty Chain?
There’s no official website. No registered nonprofit status. No public leadership team. No case studies. No photos of projects in action. No bank statements showing donations made. No audited financials. No mention of where they’ve helped anyone, anywhere. Compare that to established blockchain charity projects like GiveCrypto or BitGive. They’ve distributed actual cryptocurrency to people in need - in refugee camps, in war zones, in poor rural areas. They publish blockchain records showing exactly how much was sent, to whom, and when. They work with NGOs. They have proof. Concern Poverty Chain has none of that. Just a Twitter account, a Telegram group, and a token with no value.
Is This a Scam?
Not necessarily. But it’s definitely a promotional stunt. Cryptocurrency airdrops aren’t always scams. Many legitimate projects give away tokens to build early communities - like Uniswap, Polygon, or Arbitrum did in their early days. But those tokens had value. They had utility. They had trading volume. They had teams with track records. CHY has none of that. It’s a classic “hype and dump” setup. You do the social media tasks. They get followers. They get attention. They get listed on CoinMarketCap. Then, maybe, they’ll launch a second airdrop. Or sell tokens to insiders. Or vanish. The fact that the token has been dead for years and is now being revived with the same claims is a red flag. It’s not innovation. It’s recycling.What Could Go Wrong?
If you participate, here’s what you risk:- Wasting your time on tasks that lead to nothing.
- Exposing your email and social media accounts to spam or phishing attempts.
- Getting added to marketing lists that sell your data.
- Believing you’re helping the poor when you’re just boosting a social media profile.
Should You Join?
Only if you’re okay with doing free marketing for a project that hasn’t proven it exists. If you’re looking to support real humanitarian efforts, donate to organizations with transparency reports. If you want to get involved in blockchain for good, look at projects that have already sent crypto to people in need - and published the transaction IDs for everyone to see. The CHY airdrop isn’t about helping the poor. It’s about creating the illusion of helping the poor. And in a world where trust in crypto is already fragile, that’s the real cost.
What Happens After You Join?
If you complete the tasks, you’ll get a notification on CoinMarketCap that you’re eligible. The tokens will be sent to your CoinMarketCap wallet - if they ever are. But since the token has no value, no exchange will list it, and no wallet will support it. You’ll be holding digital ghosts. The project might release a roadmap next month. Or next year. Or never. There’s no public timeline. No development updates. No GitHub repo. No team bios. No contact email. In crypto, silence is the loudest warning sign.Alternatives to CHY
If you want to support humanitarian causes with crypto, here are real options:- GiveCrypto - Has distributed over $5 million in crypto to people in poverty, with full public records.
- BitGive - Works with UNICEF and other NGOs to track donations on blockchain.
- UNICEF Crypto Fund - Accepts crypto donations and publishes detailed impact reports.
Is the CHY airdrop legitimate?
The CHY airdrop is technically not a scam in the legal sense - you’re not asked to pay money. But it has all the hallmarks of a promotional stunt with no real utility. The token has zero market value, no trading history, and no proof of humanitarian work. It’s more like a marketing campaign than a charity project.
Can I cash out CHY tokens?
No. CHY is not listed on any exchange. It has zero trading volume. Even if you receive the tokens, you cannot sell, trade, or convert them into any other currency. They are digital placeholders with no economic value.
Do I need to connect my wallet to participate?
No. The airdrop only requires you to follow social media accounts and add CHY to your CoinMarketCap watchlist. You do not need to connect MetaMask, Trust Wallet, or any other wallet. Tokens, if distributed, will go to your CoinMarketCap wallet - which is not a real crypto wallet and cannot be used outside their platform.
Why does CHY have a maximum supply of 580 billion if circulating supply is zero?
This is common in pre-launch or promotional tokens. The team creates a massive supply to make the token seem valuable on paper, but holds all tokens back until they build hype. In CHY’s case, it’s been over five years with no tokens released. This suggests the project lacks the infrastructure or intent to ever distribute them meaningfully.
Has Concern Poverty Chain ever helped anyone?
There is no public evidence that Concern Poverty Chain has ever donated funds, distributed aid, or partnered with any real-world charity. No photos, no reports, no transaction records, no testimonials from beneficiaries. Without proof, the humanitarian claims remain empty words.