Details about Airdrop of cryptocurrencies: the essence of the program for free distribution of tokens. What is Airdrop

Have you ever come across the term Airdrop? Well, it doesn't look like the image you probably have in your head of a plane throwing coins from the sky. During times of war, natural disaster or other forms of crisis where people's lives have been affected in hard-to-reach areas on land, an Airdrop is conducted to provide basic supplies to people trapped in these areas. In the world of cryptocurrencies, Airdrop has a different meaning. The cryptocurrency world has its own unique vocabulary, which expands over time as the market evolves. This article will explain cryptocurrency airdrops.

Definition

Airdrop, or Bounty as it is also called, can be defined as a process in which a cryptocurrency company distributes tokens to the wallets of some users for free. Bounties are usually carried out by startups based on Blockchain technology to launch their cryptocurrency projects. In addition, cryptocurrency exchanges and cryptocurrency storage services created on blockchain technology can also do Airdrop.

Process mechanism

There are basically two types of Airdrops: those that come as a surprise, and those that are announced in advance. Already created blockchain technology companies can choose the first type rather than the second.

Blockchain startups prefer a route that includes pre-announcements to gain hype. Since the goal is to launch a project, the Bounty process involves the user completing a series of tasks to qualify for the gift. When the time comes for the Airdrop, the company will issue free tokens to eligible users.

Reasons for holdingAirdrop

From creating hype for a new blockchain company to rewarding loyal customers, there are a number of reasons why an Airdrop is performed. Below are some of the reasons:

• As a reward for regular customers. From time to time, blockchain companies such as cryptocurrency exchanges and trading platforms, cryptocurrency custody service providers, etc. want to get their customers and subscribers back. Airdrop can be used as a means of rewarding loyal customers with free cryptocurrency tokens. This serves as an incentive that ensures a constant number of users on such platforms. In 2017, cryptocurrency exchange platform Binance airdropped 500 TRX tokens to account holders on the platform. The airdrop lasted from the end of October 2017. until mid-November 2017 To qualify for the Bounty, the user must have at least 0.003 BTC in their account and at least one closed transaction. Account owners who had the equivalent of 0.003 BTC in cryptocurrency were also eligible to participate in the Airdrop.
• Creating a lead database. What is a lead? Lead(from the English lead - lead, bring) - this is the client’s action, which consists of filling out a special advertiser form indicating contact information. Marketing is all about leads. Companies tend to pay great attention to creating a database of potential customers with which to conduct their marketing campaigns. Airdrop can be used by blockchain companies to create valuable databases for their needs. In exchange for free cryptocurrency tokens, users will be asked to fill out an online form containing valuable user information that can be used for targeted marketing strategies. This Airdrop feature for creating lead databases can be used by non-blockchain based companies.

Creating hype around a new cryptocurrency

Due to the sheer size of the cryptocurrency market, a new cryptocurrency may go unnoticed if it is not given the right growth from a marketing perspective. Like other aspects of the digital world, hype plays an important role in the cryptocurrency ecosystem. With a lot of enthusiasts looking for new cryptocurrency options, Bounties are a great way to attract people.

Social media marketing campaigns for Airdrops could lead to increased attention for the new cryptocurrency. Word of mouth and other forms of interaction generated by the upcoming Bounty may lead to increased user participation. This can help launch a new currency, as seen with Bitcoin Cash (BCH). After the Bitcoin fork led to the creation of Bitcoin Cash, the Bitcoin Cash developers held an Airdop for all users. For each Bitcoin holder, the developers provided the corresponding amount of Bitcoin Cash 1k1. The end result was that in less than one month, Bitcoin Cash became one of the top 10 cryptocurrencies on the market.

How to participateAirdrop

Taking part in Airdrop requires access to information and ownership of wallets in order to receive free coins. The first step is to register with online services that provide timely information about Airdrop. These include websites, Twitter accounts, Telegram groups, as well as online cryptocurrency forums. Examples of such online services are Airdropaddict and Icodrops. These services provide vital information that will help users stay updated on upcoming Airdrops. They also provide information about the criteria for participating in Airdrop. But we will publish the most highly profitable ones in the section of the same name. To participate, click the button below.

Creating a cryptocurrency wallet is an integral part in the cryptocurrency world, and this also applies to Airdrop. This is a good reason to get an ERC20 compatible multi-currency wallet since most of the cryptocurrency tokens on the market are ERC20 tokens. When taking part in Airdrop, it is important to be security conscious to avoid falling victim to Airdrop scams. Some Airdrops are designed to hack wallets and steal private keys. Always check the authenticity of a company before participating.

Naturally, such a topic as making money on cryptocurrency without any investments is very relevant today. Moreover, this question worries many beginners more than anything else, since today such earnings are still really possible. And one of these most promising options is airdrop. Many people have heard about this term, but not everyone still knows what it really is. So let's understand in detail what a cryptocurrency airdrop is and how you can make money with it.

In fact, this is a free distribution of tokens from this system to many users of a specific blockchain. This term itself comes from the English language. Literally, airdrop translates as “dropping air cargo, landing.” In the cryptocurrency environment, this term should be understood as the process of “dumping” a load by a certain blockchain in the form of its tokens.

In most cases, airdrops are organized by little-known blockchain startups in order to promote their project faster. These can be entire cryptocurrency platforms, various blockchain platforms, blogging platforms, individual programs, special applications, different currencies, etc.

Thus, various startup projects can effortlessly attract new investors and their potential clients, offering them to use the project’s services or simply tell other users everywhere about the existence of such a system to further attract new participants. That is, the ultimate goal of airdropping cryptocurrency is to advertise the project.

How is Airdrop carried out?

For example, such a process can be announced in various ways, but usually the same options are used for this as when conducting an ICO, announcing bounty campaigns, and simply notifying the crypto community about new startups. The following methods are commonly used:

1. thematic announcements on the BitcoinTalk forum and other popular platforms;
2. announcement of the launch of airdrop tokens on specialized resources - Airdropalert.com or Top-airdrop.ru;
3. publications on platforms that specifically collect similar information about blockchain startups (event calendar);
4. thematic groups on social networks, special telegram channels;
5. the upcoming airdrop is announced in already popular groups, blogs, video channels, etc.

All necessary information is published before the launch of the airdrop process and is actively distributed during the start of the distribution of the coveted tokens. Such an announcement contains all the information about the startup, its advantages, conditions and, of course, the opportunity to receive these tokens without investment. Typically, to receive coins you will need an Ethereum wallet with support such as MyEtherWallet().

What is the difference between a cryptocurrency airdrop and a bounty campaign?

These two ways of earning cryptocurrency without investments have their own similarities, but in terms of the main factors they are still very different from each other.

1) The Airdrop system is much simpler than the “bounty” system and imposes much fewer requirements on its participants; it is really possible to receive new tokens for free.

2) Airdrop is much simpler in its implementation. Often you will not even be required to register or provide personal information – just fill out a Google form to receive project tokens. And for various actions, tokens, as a rule, are credited to you quite quickly. There is no need to wait for weeks, as with a bounty campaign.

3) The size of your reward in a cryptocurrency airdrop is usually smaller than in the same “bounty”. Naturally, since almost nothing is required of you, the reward in this case will not be so significant.

Airdrop cryptocurrency: main advantages

What can be said about the advantages of such a system? Of course they are obvious.

• The participant can receive a new cryptocurrency for free, which in the future can also increase in value. You shouldn’t really count on big profits, but if you get a promising and popular project, then at some point you can earn amounts of 50 or even 100 dollars.
• Minimum effort on your part. So, the same “automatic” airdrop processes will not require any effort from you at all. And in a situation with “incentive” projects, you will be required to repost or register somewhere - here everything depends on the conditions of the advertising campaign. In any case, significant work will not be required from you.
• A specific airdrop project will require less time and mental effort from you than the same work with one, for example, cryptocurrency faucet.

What can be said about the disadvantages of this method of earning money? Certain types of airdrop projects require their participants to have already promoted and popular accounts on popular cryptocurrency resources and social networks. It is also important to note that in order to receive a truly tangible amount of money to earn from an airdrop of cryptocurrency, you need to actively participate in not one, but many, for example, ten different projects.

However, not all blockchain startups subsequently become successful. Here the situation is similar to the ICO market, where only one out of ten projects you select “shoots”. And, of course, you should carefully select such projects so as not to fall for scammers who will demand your private keys from your wallets for their tokens or try to infect your computer with a virus.

conclusions

What can we finally say about airdrop of digital currencies? This is a very good source of additional income, where, with a minimum of your time and effort, you can earn real money in the future. This method of earning money will be especially interesting for those people who already spend a lot of time on popular cryptocurrency resources and forums, who have well-established accounts and reputation. In this case, virtually no significant effort is required to obtain coins. The same statement is true for active users of social networks. But even if you are a beginner, if you have free time, airdropping cryptocurrencies will allow you not only to delve into the world of digital assets, but will also provide you with additional income.

Airdrops of promising coins, in our opinion, will be published in the channel indicated at the beginning of the article!

Airdrop is a free distribution of cryptocurrency or project tokens. By the way, in the evenings we cover new airdrops on the @CRYPTOSLIVA channel. Airdrop is also a way for some projects to present their tokens, and for the crypto community to learn about the tokens and their project being developed. This is one of the very effective methods because Airdrop is always characterized by a very high expectation among crypto fans.

How does Airdrop work and why do ICO projects distribute cryptocurrency for free?

Most often, Airdrop is created by a new cryptocurrency project to promote and promote its startups. The principle of cryptocurrency distribution is quite simple. Based on any of their commercial goals, companies planning to launch an ICO begin some kind of PR move; distributing their tokens, that is, their cryptocurrency, is ideal for this. Anyone who wants to perform any simple actions (which we will discuss below) receives tokens as a reward, perhaps now their value is close to zero, but perhaps in the near future the idea of ​​​​the project and the coherence of the team will take its toll, and the value of the tokens will increase significantly.

In many respects, the method of distribution, the distribution of tokens among interested and not so interested investors occurs due to several reasons:

Popularity / PR

Getting your token into the hands of as many wallets and people as possible to create a strong base of active users who may turn out to be real customers. Distribution width is generally an important metric, especially since many projects are trying to trigger network effects.

Loyalty of exchanges

Based on the previous point, the following version follows: the more popular the project, the more loyal the cryptocurrency exchanges are to it. Naturally, we are talking about positively known projects. Also, the large monetary interest created after the coin hits the exchanges provokes a new flow of customers.

Raising capital

Again, by distributing cryptocurrency, projects often prove to all clients who have invested in their project that they are a capable company capable of adequately and for reasonable purposes carrying out such events.

What are cryptocurrencies given away for?

Returning to the motivation of projects, let’s consider the main actions for which in 2018 you can receive tokens absolutely free. The following areas are distinguished:

• Subscription (Subscribe to any social channel of the project, receive cryptocurrency)
• Advertising (Especially effective for famous personalities/bloggers)
• Posting announcements/articles (Anyone can post some information about the project on websites or in groups. What to get project tokens for)

Types of airdrops

Auto

An automatic airdrop is when coins are given out for free to everyone who holds a certain cryptocurrency. Basically, the distribution occurs from a 1:1 ratio. For this type of airdrop, you need to have a wallet where the coin on the basis of which the Hard Fork will occur will be located.
(A hard fork is a software update to a cryptocurrency network that all nodes must agree to.)

Incentive

Incentive - every user can participate in this type of airdrop. He will receive coins for specific actions, and it is these actions that help promote the project. Everything is extremely simple and does not require expenses, in particular, the project can request subscriptions in official chats, Telegram and Twitter channels, reposts on social networks, likes, and activity on the BitcoinTalk forum.

How to use Airdrop and how to get ICO tokens for free

1. First thing In order to participate, you need to create a cryptocurrency wallet, if you don’t already have one, it is considered a mandatory component of presence in the cryptocurrency market, and this also applies to airdrops. The most optimal wallet solution is ERC20, a compatible multi-currency wallet, since many cryptocurrency coins on the market are coins based on the ERC20 project.
2. Next is registration. At this stage, we select the desired project that distributes cryptocurrency. Let’s find out if the project has airdrops, and if so, we’ll find out how to get the coveted tokens.
3. Third step— The second step involves subscribing to online resources that provide important information about the cryptocurrency airdrop. These are websites, Twitter accounts, Telegram groups and crypto-airdrop forums. Almost all of those who post referral links that generate money for each user who joins. Personally, we talk about sites that provide information about upcoming, current and past airdrops - on the telegram channel