What airdrop cryptocurrency means? How it works?

What airdrop cryptocurrency means? How it works?

Blockchain Cryptocurrency
March 16, 2020 by Martin Sukhor
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What is Airdrop cryptocurrency mean? Easy answer: Airdrop in the form of free coins shared from a new startup. So airdrop is a marketing strategy to expand the distribution network to the public about the use of coins to related parties from investors or cryptocurrency. They will eventually use airdrop. The first version of Ethereum
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What is Airdrop cryptocurrency mean? Easy answer: Airdrop in the form of free coins shared from a new startup.

So airdrop is a marketing strategy to expand the distribution network to the public about the use of coins to related parties from investors or cryptocurrency.

They will eventually use airdrop. The first version of Ethereum ICO. Coins have been used

Every time you check Etherscan’s wallet (remember the high risk of opening a wallet with a private key only to check balances), there is a Token Tracker on the top line.

If the Token Tracker is available, it means there are tokens in your account.

These requirements must be fulfilled, otherwise, you do not have a token or airdrop.

But if you are an ETH wallet holder, with a balance in it, you must realize that sometimes there are extra tokens in your Token Tracker.

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Airdrop crypto meaning

Airdrop means distributing digital assets to the public, either by holding certain tokens or by being an active wallet address on a certain blockchain. It is different from ICO, this is another form to expand the marketing of new tokens to the public with certain rules.

In the case of airdrops, the recipient does not make buy or purchases on the new token. It’s mean the distribution of airdrop is free.

The purpose of the new tokens to give Airdrops is as a marketing method. The goal is to increase awareness of the use of new coins or tokens. And as a method of diversifying the number of asset holders.

The way Airdrops uses several requirements that must be met by the user, for example, the user must do the task of finding referrals, or posting social networks, etc.

How to Participate in Free Airdrop  Tools that will be needed

Here are some tools that will be needed to get an airdrop:

1. Ethereum Wallet.

It must be a personal wallet that is compatible with ERC20 because most airdrops are ERC20 tokens as Ethereum-based ICOs. It is recommended to use MetaMask or MyEtherWallet to start the first time. But for a long time, it is recommended to use a wallet device like Ledger Nano S.

2. The Ethereum Wallet must be ACTIVE

At least you have used it. The coin team will check and make sure the wallet is not made just to get more coins.

This means that if it does not show activity, the wallet will not receive the airdrop.

Sometimes, the coin team selects clearly, including the amount of the balance in the wallet.

3. Telegram account

It is the preferred tool for chatting for many ICOs

To increase the number of audiences, airdrop coins require you to register with their Telegram account.

Before accepting coins in Ethereum’s wallet, you should not leave your Telegram account or be disqualified for an airdrop.

4. Twitter account.

For the same reasons as Telegram accounts, most airdrop accounts will require you to follow them on Twitter. Some will ask you to retweet some tweets.

5. Email address.

Sometimes the airdrop will ask for your email address and ask for confirmation via email.

Get and withdraw Airdrop

It usually takes 1-2 months after the airdrop before you receive the token.

This is because many airdrops occur before or during the token sale; with marketing objectives.

Tokens will not be distributed until the end of the token sale.

To check wallet info and whether the token has appeared in the wallet, visit www.Etherscan.io, type the ETH address in the search box.

In the red circle are areas that you need to see. If the token is available in the wallet, it will appear in the Token Tracker. If the Token Tracker is not available, it means you don’t have a token in the wallet, and that means you don’t receive an airdrop.

When you get a token, you can withdraw it directly, for example through My Ether Wallet (MEW). All you have to do is access the wallet (via MetaMask, Ledger Nano, or other methods – it is not recommended to use a private key) and specify the token that you want to pull.

Avoid Fraud

With a lot of free coin marketing, it’s easy to lose direction when you’ve started clicking everywhere. Watch Out. Here are some suggestions for avoiding fraud:

Never send a private key. Nobody needs a private key to check your wallet balance. They can easily check it through tools like Etherscan.

Don’t send money to an account. Remember that airdrop is free. Even if promised coins or coins will appear in your wallet, an airdrop will not ask you to send money to an account. If this happens, ignore it immediately.

Check official sources. If coins do airdrop, they will usually be announced on their official social media accounts, such as Twitter. Check to make sure the airdrop is official; if not, you might be exposed to fraud to get your data.

Finally, look for trusted sources to help you identify airdrop. Like for example in several discussion forums that discuss airdrop or cryptocurrency. Trusted sources are better than looking for themselves, because of the many frauds.

How does airdrop work cryptocurrency

The aim of the airdrop is to distribute new token coins so that many people are familiar with the tokens.

In companies with good management, he will have a roadmap for work plans at the scheduled time, so that airdrop participants will also know how the company is doing.

If more and more people register and become airdrop participants, then automatically the new token user network is quite strong.

Usually, the company will notify when the coin is listed on the exchange so that airdrop participants will also be able to trade the coin in the designated exchange.

Ideally, the more users use coins to send and receive funds, the value can turn out to be more expensive.

Airdrop is a cheap digital marketing tool, rather than using Google ads and the like.

But even though the way it works is quite complicated, this is one-way crypto fans get the free token.

Advantage and disadvantage of airdrop

Airdrop advantages can be one way to pump new tokens to become more widely known by the public.

By luring retail investors by sharing a number of tokens, this will broaden the dissemination of information about the new token.

By giving the task whether it is by sharing content on social media, or giving invitations via email, with airdrop, network development can be more quickly achieved.

But on the other hand, the airdrop loss is if, after the distribution of tokens to the public, it turns out that not many people use the tokens.

While currencies will not be valuable if there are not many people who use them.

Best airdrops sites

Some websites provide special information about upcoming airdrops. You can find the latest airdrop information from some of the Best airdrops sites below.

AirDropAlert

This site provides information about upcoming airdrop and also some information relating to cryptocurrency’

Visit site

Airdropster

The next best site is Airdropster. It really helps you find new and interesting airdrop that has the potential to be profitable. Similar to AirDropAlert, you can find airdrop working patterns.

Visit site

The next best site is Airdropster. It really helps you find new and interesting airdrop that has the potential to be profitable. Similar to AirDropAlert, you can find airdrop working patternsAirdropsMob

AirdropsMob

The next best site is Airdropster. It really helps you find new and interesting airdrop that has the potential to be profitable. Similar to AirDropAlert, you can find airdrop working patternsAirdropsMob.

Visit site

Bountiesalert

Bounties Alert is the best airdrop website. Before registering must be validated by their team before registering on their website, ensuring only high-quality projects are included.

Visit site

FAQ

1 What does crypto airdrop mean?

Airdrop is a distribution of new cryptocurrency tokens or coins and is usually free, to various wallet addresses.

Airdrops are mainly implemented as a way to gain attention and new followers, resulting in a larger user base and wider coin payments.

2. Are crypto airdrops worth it?

Airdrop token values ​​vary greatly, depending also on the company that issued the token, some are not worth per airdrop or some are worth real $ 100 or more for just a few minutes of your time.

Airdrop can be a good additional source of income for airdrop participants and can even reach $ 1000 a year, this is not bad considering you get a token for free.

3. Are airdrops legal?

Airdrop can be said as a sale of a security and that the token itself is considered a security.

As long as the token itself is not considered dangerous to certain security then this airdrop should be legal.

Conclusion

For some crypto fans, an airdrop is a project that can provide income for them.

What airdrop cryptocurrency means

Although not all airdrops are legit, with the latest program choices, there is still an opportunity to get money from the airdrop.

But he also must be with patience, because some airdrops can only make withdrawals when it takes about a month or two months.

And you can still follow the development of airdrop performance before the money obtained from airdrop is really cash.

Open an account or try Demo account.

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