What Is a Cryptocurrency Airdrop?
An Airdrops is sending free tokens mass to their communities and return for a small benefit like following the company profile, retweeting, posting about this project on social media or forums or writing a blog post, etc.
is aim to promote a new cryptocurrency and get more users trading when it lists on an exchange as an initial coin offering(ICO) The airdrop is a promotional activity performed by a blockchain-based startup to help boost a virtual cryptocurrency project.
How do Crypto Airdrops Works?
Airdrops are promoted on the company's website as well cryptocurrency or blockchain forums, interested users in participating in an airdrop must have a cryptocurrency wallet, or a small amount of token or money is delivered to the participant's wallet. these participants users will spread the news about this new offering cryptocurrency project
When participant users apply for an airdrop, mainly platforms will ask for their wallet address. to part of a platform's airdrop, a participant must first understand the blockchain on which the platform is developed
What are the different types of crypto airdrops?
Check out different types of crypto airdrops:
What is a standard Crypto airdrop?
A standard crypto airdrop is a marketing strategy it will transfer an amount of native coin or token into existing wallets.
Standard crypto airdrop aims to encourage more users to adopt the asset, during their initial coin offering.
What is a bounty Crypto airdrop?
Bounty crypto airdrops are famous in the crypto airdrop industry because they will help to grow new crypto projects, How? because these types of airdrop are needed to perform a few tasks given by the project administrator to the participate
These tasks include:
- Sharing a post for the crypto project on Social media platforms.
- Signing the project's newsletter
- Joining a forum, discuss and create blogposts
What is an exclusive crypto airdrop?
An exclusive crypto airdrop sends crypto coins to the mass of people who follow an airdrop admin. These third-party sites share crypto projects news as well upcoming events.
What is a holder crypto airdrop?
Holder airdrop normally goes to people who have some amount of another cryptocurrency in their wallets, the crypto project takes a snapshot of crypto holdings on a particular date, then lets people claim an airdrop based on their ownership at that time.
What are the Advantages and Disadvantages of crypto airdrops?
Crypto airdrops can build your strong crypto portfolio without investing in digital assets. as well help you to get on the ground floor a new platform.
The disadvantage of crypto airdrops is there is a risk of sharing sensitive information with a fraudulent platform.
1. Are crypto airdrop and ICO the same thing?
No, Crypto airdrops and ICOs are different concepts.
2. How do get crypto airdrop?
Find a dedicated crypto airdrop website like CoinMarketCap.