Free Cryptocurrency Giveaway: All About Cryptocurrency Airdrops
What is (Airdrop) Airdrop of cryptocurrencies from ICO
Airdrop (airdrop) is a free distribution of cryptocurrency or tokens from projects. Airdrop is also a way for some projects to present their tokens, and for the crypto community to learn about the tokens and their developing project.
Attention! In practice, there are cases of fraudulent Airdrops. Therefore, I recommend making the right choice regarding participation in such projects after reading this manual.
Earlier we wrote about the prospects of the LBRY cryptocurrency
Tips for working with AirDrop:
1. Never give away the secret keys of your crypto wallets and do not download suspicious project wallets that you do not know.
2. Before participating in an airdrop, make sure of the authenticity of the cryptocurrency company.
3. Be careful when clicking on random links that require your wallet data.
How does Airdrop work and why do ICO projects distribute cryptocurrency for free?
Most often, Airdrop attracts young traders who have not found themselves in successful cryptocurrency trading and aim to recover their losses. Airdrop is created by a new cryptocurrency project to promote and market its startups.
The principle of distributing cryptocurrency is quite simple. Based on some commercial goals, companies planning to go for ICO start a certain PR move, for which distributing their tokens, that is, their cryptocurrency, is ideal. Anyone willing to perform some simple actions (which we will discuss below) receives tokens as a reward; their value may currently be close to zero, but perhaps in the near future the project's idea and team cohesion will pay off, and the token's value will increase significantly.
In many respects, the method of distributing tokens among interested and less interested investors occurs for several reasons:
Popularity / PR Move
Getting your token into as many wallets and hands as possible to create a strong base of active users who could become real clients. The breadth of distribution is generally an important metric, especially considering that many projects are trying to launch a network effect.
Exchange Loyalty
From the previous point follows the next version: the more popular the project, the more loyal cryptocurrency exchanges are towards it. Naturally, we are talking about positively known projects. Also, the significant monetary interest generated after a coin hits exchanges provokes a new influx of clients.
Attracting Capital
Again, through the distribution of cryptocurrencies, projects often prove to all investors in their project that they are a viable company capable of conducting such events adequately and reasonably.
Why is cryptocurrency distributed
Returning to the motivation of projects, let's consider the main actions for which in 2020 one can receive cryptocurrency tokens absolutely for free. The following areas are highlighted:
- Subscription (Subscribe to any social channel of the project, receive cryptocurrency)
- Advertising (Especially effective for well-known personalities/bloggers)
- Posting announcements/articles (Anyone can post some information about the project on websites or in groups. For which they receive project tokens)
Types of airdrops
Automatic
An automatic airdrop is when coins are distributed for free to everyone holding a certain cryptocurrency. Typically, the distribution occurs at a ratio of 1:1. For this type of airdrop, you need to have a wallet where the coin based on which the Hard Fork occurs will be located.
(Hard Fork is an update of the software in the cryptocurrency network that all nodes must agree upon.)
Incentive
An incentive airdrop allows every user to participate. They will receive coins for specific actions, and these actions help promote the project. Everything is straightforward and does not require expenses; in particular, the project may request subscriptions to official chats, Telegram and Twitter channels, reposts on social networks, likes, and activity on the BitcoinTalk forum.
How to get cryptocurrency through Airdrop
- First of all, to participate in airdrop cryptocurrencies, you need to create or properly choose a cryptocurrency wallet, which is considered a mandatory component of being present in the cryptocurrency market, and this also applies to airdrops. The most optimal solution among wallets is ERC20, a compatible multi-currency wallet, as many cryptocurrency coins on the market are tied to the ERC20 project.
- Next is registration. At this stage, choose the necessary project distributing cryptocurrency. Check if there are airdrops on the project; if so, find out how to obtain the coveted tokens.
- The third step - The second step involves subscribing to online resources that provide important information about cryptocurrency airdrops. These are websites, Twitter accounts, Telegram groups, and forums about crypto-airdrop. Almost all those who post referral links earn money for each user who joins. Personally, we talk about sites that provide information about upcoming, ongoing, and past airdrops - on the Telegram channel @CRYPTOSLIVA
Where is it easiest to find fresh AirDrops in 2020
From experience, it can be said that the more popular the topic or question, the more solutions there are. When searching for distributions, it is advisable to focus on sources in social networks. The most successful informational resources are Twitter and Telegram; by the way, on our Telegram channel @CRYPTOSLIVA, you can often find fresh airdrops for quick cryptocurrency earnings. Also, on our website in the section crypto-airdrops, you can always find reviews on distributions.