Earnings on cryptocurrencies without investments excites beginning crypto users almost more than any other topic in the cryptosphere. First of all because it is still possible. One way to get free cryptocurrency is airdrop. Not everyone heard about it, but many of those who heard it passed by, believing that it was another trick. This is not the case, and today we will try to explain to those who want to get free tokens what airdrop cryptocurrency is and how to use it!
What is airdrop cryptocurrency?
The term was taken from the English language, where airdrop means dropping cargo from an airplane (equipment, food) or airborne landing. The blockchain projects “dump” the load in the form of their tokens in the cryptosphere.
In the overwhelming majority of cases, airdrop arrange unknown cryptocurrency startups for promotion purposes. Among them there are cryptocurrency platforms, a blog platform, programs and applications, new currencies and others.
Startups can attract investors in this way, lure potential customers by offering to use their services, or simply tell the crypto community about their existence in order to attract those users who will find the project interesting and useful.
Airdrop is announced in different ways, but most often the same mechanisms are used as when launching the ICO, announcing bounty campaigns or notifying the crypto community about new projects. Among other things
Information is published shortly before the start of airdrop and is actively distributed when the distribution of tokens has already started. The announcement contains information about the project, its merits and about the airdrop itself and its conditions.
Airdrop cryptocurrency: options for implementation and conditions
Often such an airdrop is arranged by hardfork developers. As a rule, hardforks are optimized or an attempt is made to improve the “parent” cryptocurrency.
This makes the owners of the “parent” coin the main target audience of developers if a person uses a certain currency, then he should be interested in its improved version – that is hard forks.
An example of such an airdrop can be the distribution of Bitcoin Cash coins to Bitcoin holders in an amount equal to the number of Bitcoin coins in each holder’s account.
Sometimes the condition for receiving free tokens is the presence of a certain amount of cryptocurrency in the wallet. For example, Bitcore was charged only to those Bitcoin holders who had more than 0.01 BTC on the account.
Some tokens are distributed to third-party cryptocurrency holders, for example, Stellar Lumens was distributed to Bitcoin holders. Now a lot of airdrop, which require the presence on the account of a certain amount of Ethereum.
Conditions are different each time. What unites them is that all of them, as a rule, are aimed at advertising a startup and are generally simple for anyone who knows how to use a computer. For example, it can be repost on Facebook or Twitter.
Some startups, handing out tokens, “buy” a place in the signatures of active users of crypto forums. Often, users in exchange for free tokens should somewhere register, become a member of the community, leave a review.
Airdrop cryptocurrency and bounty campaign: major differences
The “incentive” option is often confused with bounty campaigns. This airdrop implementation has common features with bounty, but in the end it’s different ways of making money – for several reasons
Holders of popular cryptocurrencies may well consider it as a source of additional income and monitor projects for those where they distribute tokens to the owners of a particular currency.
Most fraudsters are concentrated right here, so every step should be accurate – starting with checking the website address and ending with entering personal data (among which in no case should there be private keys, passwords and seed phrases).
Also, airdrop can be useful and interesting for people who have long been registered and lead an active life in crypto forums. As a rule, they have sufficient status to participate in airdrop, they will not need additional income to promote an account for it, no additional efforts will be required.
It is logical to take advantage of their work and those people who have untwisted accounts in social networks – whether it is an account to advertise another product or service, fake and so on. If there are several thousand users in friends or subscribers, you can earn on airdrop.
As for users who do not have cryptocurrency on the account, untwisted accounts and statuses on the forums, the expediency of profile promotion specifically for airdrop is questionable.
With a large amount of free time and interest in cryptocurrencies and startups, which will allow at least to communicate on the forums, this may make sense, otherwise it is hardly a good undertaking.
If there is little knowledge of cryptocurrency and time, you can monitor airdrop projects in search of those that do not require untwisted accounts and the presence of cryptocurrencies in their wallets and expose other conditions that are more suitable for the user. There are few projects and theoretically participation in several dozen such airdrop can justify itself.
Perhaps the main thing if you want to use airdrop cryptocurrency as a source of income is to remember that, although financial investments are not required, investments are needed in the form of proper time — and sometimes considerable ones.