An airdrop is a distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses. Airdrops are primarily implemented as a way of gaining attention and new followers, resulting in a larger user-base and a wider disbursement of coins. (source).
Airdrop provide opportunity for crypto lovers to grab additional rewards into your wallet. Those who doesn’t loves rewards can skip this.
Publisher of the Coins or Token usually requires participant to complete certain task in order to obtain Airdrops rewards. Below are the example of task needed to be done:
- HODL – Holding some certain Coin or Token for a certain amount and a period of time.
- Post Share on Social Media – For example Telegram, Facebook, VK, Twitter and etc
- Signing up their Platform
- Signing up their Newsletter
- Etc (Depends on Publisher Task)
Reason why Airdrops given:
- Awareness – Improve target audience and inviting more investors to funds its growth.
- Lead Generation – Obtain more investor leads to update them with news and updates.
- Community Creation – As community created, many investor would surround the coins or token to improve more project or discuss more on the topic by sharing. (Sharing is the key of Viral Publication)
A reminder for all crypto lovers that participate in Airdrops. Always do your research on the airdrops as some airdrop published might not perform well. Some might even collapse due to in sufficient fund as mostly its new ICO. Therefore to minimize risk always do research on the company support funds, reputation, whitepaper and etc.
Below are some platform you can grab those platform :
Recommended Airdrops Platform:
Air Drop Alert
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Aggregator for crypto airdrops. Does not involved in the published airdrops in any way.SHOW ME