What is a cryptocurrency airdrop and how to use it?
Cryptocurrencies became very popular during the last couple of years. With new ICOs and tokens appearing on the daily basis airdrops are getting more and more common. If you have no idea what an airdrop is and how to use it, you have come to the right place. In this article we will tell you everything you need to know about crypto airdrops and the ways to make money on it.
What exactly is a crypto airdrop?
Cryptocurrency airdrop is a process of free of charge tokens distribution, a kind of a crypto coin giveaway made by its creators. Project developers can organize airdrops both before and after the ICO completion. New blockchain startups need to attract new investors and potential clients, so making an airdrop to distribute coins among interested users for free is one of the easiest and the most effective ways to do it. The long-running projects also use airdrops for promotional purposes sometimes.
The vast majority of free tokens distributed via airdrops use ERC20 standard. It means that you will need an Ethereum wallet to receive them. Usually, the airdrops of crypto currency require users to do something in exchange for free tokens. In the most cases you will need to register at the website, join a Telegram channel, make reposts on the social media, and fill out a Google form with your personal data or simply leave your Ethereum wallet address.
The whole process does not require much time and can be done even by novice cryptocurrency enthusiasts. Participants of an airdrop will be able to sell coins that they have received for free and gain up to 100 dollars of profit or even more. The exact amount depends on the popularity of the project, so it is better to take part in as many airdrops as it is possible.
Why do airdrops work?
Airdrop of crypto currency is just an alternative to billboards and advertisements. It allows developers of new startups to spread the news about their project on the Internet quickly. Everybody likes free stuff, so it is not surprising why airdrops are so popular. The more people are participating — the more attention the startup receives. It is a win-win situation for both the community and developers.
Do you want to participate in airdrops and get coins for free? Our website is at your service! On this page, you can find the best airdrops from various developers who are planning to launch ICO