I’m sure you’ve heard the term “Free Money” before. If you’re like most people, I bet the first thing that came to mind was either an unclaimed lottery ticket or free money from the Federal Reserve. So today I will teach what is Airdrop in cryptocurrency and everything you need to know.
The name “airdrop” comes from analogy with dropping supplies via parachute to troops on the ground.
What Is Cryptocurrency Airdrop?
Airdrop is a marketing strategy crypto devs use to reward the general public with their new coin or token. It’s about creating awareness for the Cryptocurrency and they reward people who do certain task.
Types Of Airdrop And How It Works
Standard Cryptocurrency Airdrop
Here people get rewarded for signing up on the website or registering something.
Bounty Cryptocurrency Airdrop
People get rewarded for doing certain tasks like sharing or joining social media handles
Exclusive Cryptocurrency Airdrop
People get rewarded for interacting with their platform or their trading platform.
Here people get rewarded with a new coin or token for holding the platform’s coin. Eg: holding $IOTX and getting new tokens launched on the blockchain like $VRA
Here people get rewarded for holding a certain Cryptocurrency and receive equal amount of the coin’s hardfork . For instance: earning equal amount of Bitcoin cash for holding Bitcoin as at the time Bitcoin cash was launched.
How To Get Cryptocurrency Airdrop
The easiest way to find cryptographic airdrops is to simply search for “crypto airdrops” or “what is a crypto airdrops”.
Since these events are for marketing and project promotion, they are usually relatively easy to find. There are also some sites that are solely dedicated to offering future airdrops, such as Coin Airdrops.
However, there are many scams in the world of cryptocurrencies and users will do well to protect their information whenever possible. When searching for airdrops, it is possible to find someone who claims to be offering an airdrop when in reality he is only engaged in a phishing attempt (attempted to steal information).
Hope you got value? Please remember to share this knowledge of crypto especially what is airdrop in cryptocurrency and other relevant topics.