Crypto Airdrops are becoming increasingly popular. Companies, like advertisers, use them as a way to spread awareness about their projects. Read post on Top 10 cryptocurrencies
In addition, Airdrop is a way companies uses blockchain technology to provide a new type of mobile loyalty rewards program that allows users to convert points into cash. Users can then use their cash rewards to purchase products or pay off existing store credit.
The company’s loyalty scheme taps into the blockchain ecosystem, converting points into tokens and providing users with immediate liquidity.
In other words, airdrops are a great way to get in on the ground floor of an upcoming cryptocurrency before it’s even released. So you’d be able to get your hands on a currency that hasn’t been given away yet, and you can use it right when the network goes live.
What you do is connect with the website or exchange that offers airdrops and fill out their form with your unique wallet address. From here, they will send you tokens and store them in their wallet until the blockchain officially releases them.
You should know there’s no better way to become an early adopter in cryptocurrencies than getting into the game through a free crypto airdrop! Crypto airdrops can come from different platforms, such as social media, cryptocurrency exchanges, and even messengers. Learn more about crypto punks.
So how do you know which Airdrop pays instantly?
It’s not always easy to know which airdrops are the best, but the best way would be to research the team behind them. This way would know if they’re really building a good project or maybe they’re just out to waste your time.
The project tokenomics, team, investors, product roadmap, community, and social channels will help you know the ones you can make money from. Feel free to watch videos, listen to podcasts, learn everything you can, and Google anything you don’t know to get to know if the project is worth investing in.
Now let’s talk about ways to get free crypto airdrops
Although there are many ways to get free crypto airdrops, here are some of the most popular:
Telegram — Obtaining tokens through this platform requires you to join its Telegram group before you can receive them. However, some of the most popular airdrops for this platform invite users to join its Telegram chats.
Television — Some people watch their favorite shows because they want something to do. However, watching TV might help you get free cryptocurrency in the process. One example is the Bitcoin Cash (BCH) airdrop from World Crypto Con that aired on CNBC.
Crypto social media — Many people use Twitter, Reddit, and other platforms as online sources of information. However, for free cryptocurrencies, you must know where to look! Check out crypto-related subreddits and Twitter accounts like @airdrop_alerts.
Crypto exchanges — These websites exchange tokens for other cryptocurrencies or fiat currency (regular money). In addition, most exchanges have a Telegram group where users can interact with the platform’s team and exchange tips and tricks.
Messengers — Some of the most popular messaging platforms, such as Telegram, are also good for free cryptocurrencies. If you’re not entirely convinced about Telegram or Reddit, try asking your friends if they receive free coins from this platform.
Reddit — Although it’s easy to get into cryptocurrency discussions on Reddit (and Twitter), Reddit is a good source of airdrops if you visit its subreddit community page.
Facebook — Most Facebook groups have dedicated groups called “Coin Groups” that accept new members and provide information about cryptocurrency exchanges.
Airdrops that pay instantly can be done in several ways. You can receive free coins or tokens by:
- Signing up for an airdrop people are holding to give away free crypto. This is perfect for those with no money to put up in exchange for free crypto, and it’s also easy to get involved because often, there are no strings attached at all.
- Signing up for an airdrop on social media, such as Reddit or Facebook. These airdrops typically have a link on the project website to take part, and you can download them from their website by entering your email address. Another easy way to get involved is to follow them on Twitter or Instagram because these are often free ways to earn free crypto (and they’re easy in general).
- Signing up for an airdrop that requires you to post content online. This is especially popular with cryptocurrency blog posts because it requires copying another person’s work on your own blog.
- Signing up for an airdrop that requires you to list your crypto on an exchange. These are not as easy as other options, but they are worth considering because many projects offer decent payouts if you work hard and have enough volume with your crypto.
- Downloading the project wallet and taking part in the ICO. These airdrops require your wallet ID, which is often available after downloading the wallet (or contacting support). Still, there can also be other requirements like having an account with a particular exchange that lists the coin being offered.
Different Types of Airdrops
A crypto airdrop can be done in a variety of ways, as we’ve seen. In addition, we have a few other sorts of airdrops and the traditional one that delivers bitcoin to many wallets. Bounty, exclusive, and holder airdrops are all common instances.
Bounty Airdrop
Users must do certain actions to receive a bounty airdrop, such as posting a tweet about the project on Twitter, joining the project’s official Telegram, or publishing an Instagram post and tagging a few friends. In addition, you’ll most likely be required to fill out a form with your wallet address and confirmation that you completed the activities to claim a reward airdrop.
Exclusive airdrops
Exclusive airdrops only distribute cryptocurrency to specific wallets. Typically, the awardees have a history with the project, such as being an active part of the community or an early supporter. For example, Uniswap, a decentralized exchange (DEX), airdropped 400 UNI to every wallet that interacts with its protocol before a deadline in September 2020. In addition, holders of the governance token have the power to vote on future choices affecting the project’s evolution.
Holder airdrops
Holder airdrops give away free tokens to people with a particular amount of cryptocurrency in their wallets. On a regular basis, the project team takes a snapshot of users’ cryptocurrency holdings at a given date and time. Recipients can claim free tokens based on their holdings at the time of the snapshot if their wallet balance satisfies the minimum criteria.
Is it Possible to Make Good Money Through Airdrops?
If you’ve ever wondered if you could make money through crypto airdrops, you’re not alone. This isn’t the first time you’ve had this thinking. Many others have had the same thinking. Can you generate money with these free airdrops that are being pushed on several platforms? Yes, they are capable.
You can earn money by doing the following:
- Compiling a list of all available airdrops
Getting involved in several airdrop initiatives and claiming is one approach to earn money from airdrops. However, you must be sure of the project before participating in the airdrop of your choice.
- Inviting others to the Airdrops
Another approach to profit from airdrop is to refer others, such as your friends and family. You can win numerous rewards by asking others to participate.
How can you avoid airdrop scam?
It can be difficult to tell whether an airdrop is legitimate or not. Before joining up for an airdrop, always DYOR (do your own research), especially if you need to connect your wallet to a website.
Scammers will sometimes airdrop tokens into multiple wallets, but your wallet will be drained if you try to transfer them to a crypto exchange or another wallet.
Scammers may also announce a fake airdrop that leads to a phishing website. They’ll dupe you into connecting your wallet to a webpage that seems almost identical to the authentic.
Other tokens will be taken out of your wallet when you connect your wallet and sign a transaction. This is common with bogus Twitter and Telegram accounts that appear identical to the official accounts.
Some airdrop scams require you to transmit cryptocurrency to an unknown wallet address to receive your free tokens. Legitimate airdrops will never ask for your money or seed phrase. So use caution when sending out airdrop emails or direct messages.
Make sure to check out the project’s official website and social media platforms to avoid getting duped. Make a note of the official links and double-check that an airdrop is taking place.
If you’re unfamiliar with the project, you should conduct an additional study to learn what the crypto community has to say. It’s usually best to disregard the airdrop if you can’t locate adequate information.
Create a second wallet and email account devoted just to receiving airdrops for added security. This can protect the funds in your wallet from phishing efforts related to airdrops. Last but not least, never give out your private keys to anyone.
In conclusion
Crypto airdrops help cryptocurrency startups stand out and acquire traction in the market. It can also be a fantastic opportunity for crypto enthusiasts to diversify their holdings by investing in new tokens. However, there are likely to be more scam airdrops than legal ones out there, so be cautious and conduct your research before signing up. Learn about crypto news sites and crypto mining for beginners in our other articles
