What is cryptocurrency Token Airdrop?
An airdrop, in the cryptocurrency business, is a marketing stunt that involves sending coins or tokens to wallet addresses in order to promote awareness of a new virtual currency. 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.
To qualify for the free gift, a recipient may need to hold a minimum quantity of the crypto coins in their wallet. Alternatively, they may need to perform a certain task, such as posting about the currency on a social media forum, connecting with a particular member of the blockchain project, or writing a blog post.
This is separate and distinct from the allocation of tokens or coins that happen via an ICO event. During ICOs, the digital asset being offered is typically purchased using an alternate coin or token. In the case of airdrops, there is no purchase required from the recipient, meaning that the assets are distributed for free.
Airdrops are often used as a marketing tool in order to raise awareness of the coin or token that is being distributed, as well as a method of diversifying the number of holders of that asset.
The first airdrop was Auroracoin, which airdropped to citizens of the country Iceland early 2014.
Even though this happened 5 years ago, it took till mid-2017 for the original Airdrop Alert site to launch.
Personally, I find the easiest comparison in the real world to be freebies you receive on the street. Imagine for a minute, you’re walking down the central shopping street of Amsterdam on a hot summer day, mid-July. The sun is burning your skin and you’re feeling hot. Luckily you see a young guy with a baseball cap, handing out free samples of the latest energy beverages. You quickly head over and grab a cooled can, which you drink in 30 seconds to satisfy your thirst.
That free sample, that’s an airdrop!
How do airdrops work?
If you’re wondering how to collect these free tokens, we previously created a list of all the things you need to get started with crypto airdrops.
Usually, the free airdrops require you to follow them on their biggest social media accounts. They are building a fresh cryptocurrency community for their ICO, IEO or STO. Consider tasks like join a Telegram as one of the easiest things you can do to receive airdropped coins.
After you completed the task there is usually a waiting period before airdrop distribution. This is possibly a few months until the token gets listed on exchanges. Don’t worry if you have to wait a bit for the coins so arrive, just make sure you did everything right to you don’t end with an empty wallet.
What is cryptocurrency Token ICO Airdrop?
an ICO airdrop is a project offering free tokens during their fundraising process. They are eager to give away freebies as a form of “cheap” marketing, as they are spending tokens which are only valuable if the project succeeds.
What are the platform used for token development?
With the inception of Binance Smart Chain(BEP20) its has rouse up to be the most preferred platform for development. Ethereum network also hAs many tokens, this means they have a mother chain on which they rely. ERC20 tokens, the most common airdropped coins, are build on top of the BSC and ETH network.
Additionally Tron, EOS, Waves, Stellar,Polygon,Solana and many more now have projects creating tokens on their native code.
Can I actually earn money with free crypto?
Yes, you can earn money by collecting free crypto airdrops and swapping it to other cryptocurrency like USDT, BSC, BUSD or more and sell it or you can hold the coin and wait to see if the coin could make a huge break and become an overnight millionaire.
Last thoughts On Airdrop
Its adviceable to deal with free airdrops rather than those that will
Disclaimer: Investors should take the time to research any given product before they invest their funds.
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