Airdrops: What You Need to Know
Written by: Mike, AirdropRating.io
If you are a fan of action movies just like myself, then the first image that comes to mind whenever ‘airdrop’ is mentioned, may be airplanes dropping war machines or relief materials out of the sky. However, this is far from what it means in the cryptocurrency space.
I bet you’ve been seeing the word [airdrops] attached to a lot of cryptocurrencies, and particularly ICO projects. So, what really is an airdrop, in relation to cryptos?
An airdrop is a distribution of pre-mined coins (cryptos) to early supporters of a project. Think of it, like free coins waiting to be picked up for doing close to nothing. Yes, that’s right. Getting free cryptocurrencies from airdrops requires little to no effort.
As crazy as this may sound, many crypto enthusiasts are making money from airdrops. And while it may appear illogical for companies to throw some cash away in the name of airdrops, the entire process is actually a core marketing strategy. After all, nothing is free.
Blockchain-based businesses, new and old, often use airdrops as a means to create some buzz about their projects, or reward loyal HODLERS/supporters. The idea of getting some money for simply inputting your email, joining a Telegram group, and performing some basic tasks like twitting about a project sounds interesting. We all like easy money, don’t we? In the process of doing this, we unknowingly let out some of our details such as email, Facebook or Twitter username, and probably phone number. It’s a win-win for both parties.
Airdrops are free money. To participate in them, you’ll need the following:
An active Ethereum wallet (most airdrops are ERC20 tokens, although they can come in other forms, so you may need another wallet as specified by the company)
Telegram/Twitter/Facebook account (basically, you will be required to perform an easy task, which could involve downloading an app)
That’s as simple as it gets. Next is to find out which projects are doing airdrops, join up, and perform the required tasks. Tasks typically range from just filing a user form (with your Ethereum wallet), twitting about the project, liking and commenting on Facebook, or performing a video review, amongst others.
For a list of latest airdrops in the crypto space, visit airdroprating.io and join the mailing list. It’s as simple as ABC.