Airdrops

in cryptocurrency •  last year  (edited)

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If you are new to cryptocurrency or altcoins, you may be wondering what the heck are airdrops. I’m not sure what airdrop means in every industry but in the cryptocurrency world it means free currency. Think of it like money falling from the sky.

Airdrops is a term widely used by ICO’s ( initial coin offering).

DEFINITION of ‘Initial Coin Offering (ICO)’ An unregulated means by which funds are raised for a new cryptocurrency venture. … In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.>
https://www.investopedia.com/terms/i/initial-coin-offering-ico.asp

Start-up ICO’s traditionally give away free tokens or coins through a process known as Airdrops. They generally do this to help with the promotion of their new project and to reward early investors.

All you have to do is just follow their airdrop instructions which generally includes simply filling out a form that requires you to submit a legitimate email address, your twitter profile handle url and your telegram user profile url.

Sometimes airdrop forms will also ask you for your ETH wallet address as well so that they can directly drop the coins right into your account, hence the term airdrop. Other times they will just keep the coins in a wallet in your account located directly on their site.

Please be as so kind to let me know if this article was of help to you by leaving a magnificent comment below!

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Thanks for bringing the topic up. Are there any airdrops worth researching in the coming future?

Hello @gumbotrader .I love airdrops but recently I find that I don't have an interest or care for them anymore.Why? because of KYC the main reason most people fell in love with cryptocurrency is because of it's decentralized and anonymous nature now we have to willingly volunteer our information while contributing as early investors to a coin that may or may not make it to the top 100 on coinmarketcap.Please If you know of any reputable start-ups with ico offerings without the KYC requirements,would you please share it. Thanks

Thanks for sharing. I've smashed the upvote button for you!

If you are looking to get hold of some crypto without investing or mining, look into https://www.crowdholding.com. They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.

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yeah nice meme to explain

magnificent

When it will be available in crypto market
In which exchanges it will going to arrive
Send Roadmap of it.

I really did learn something new from this! Greetings to the States from my little island!

Congratulations @gumbotrader!
Your post was mentioned in the Steemit Hit Parade in the following category:

  • Pending payout - Ranked 9 with $ 190,2

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i have been investing crypto currencies for some years now, but am not getting airdrops

genaraly people went to easy system , this proces are very easy .thanks sir

Thank you, that was a good, simple explanation for a newbie.

@irdrop
Not all of them are good, I participated a lot coins, the coin even sent to my ERC20 wallet, but most of them are worthless. Never be listed on exchange market, even some of their main site disappeared forever after sending their token to wallet,

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If you want to be kept updated and receive multiple possibilities to participate in airdrops each day completely for free, join the following Telegram group: t.me/airdropcryptocurrency or search for @airdropcryptocurrency

You may be wondering why airdrops exist? The idea behind it is that individuals who have been airdropped free coins will be more likely to invest in that particular coin due to familiarity with the coin, as opposed to investing in an entirely new coin. Additionally, airdrops are part of a PR strategy used to build awareness of the coin and ensure wide distribution. It’s a win-win for both the coin distributor and crypto fans around the world!

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