[Beginner Course] || Steemit Crypto Academy Season 3 Week 3 || Airdrop - Giveaway In Cryptocurrency || Homework post by @ahsanjawed For @wahyunahrul

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Question no 1:

🔹What do you think about Airdrop in cryptocurrency?

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Airdrop is a type of gift that cryptocurrency firms provide to consumers or the community to spread the word about their blockchain initiatives. When an exchange initially emerges in an Initial Coin Offering (ICO), The blockchain technology is constantly used to back up cryptocurrency projects. The community can have faith in the security of the token and other crypto characteristics thanks to blockchain technology. Airdrop is a word used frequently in blockchain projects, and it refers to a free gift delivered to participants.

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Question no 2:

🔹 How can we know about an Airdrop event so that we can participate?

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There are numerous methods to learn about an airdrop event, including using social media platforms like Twitter or Telegram to spread the word. For me, I can learn more about the Airdrop by visiting the CoinMarketCap website. You may find a wealth of information on this website. The Airdrop event is also available here, as demonstrated in the picture below:

Link To CoinMarketCap AIRDROP Page

Top 5 website of Crypto Airdrops by Google are following with links.

1. AirDropAlert
2. Airdrops.io
3. AirdropsMob
4. Bounties Alert
5. AirDropBob

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Question no 3:

🔹 Where are Airdrop events often held?

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Popular exchanges including as Binance, Upbit, Bittrex, Poloniex, and others frequently hold airdrops. Many cryptocurrency companies provide free Airdrops to get their currencies in front of the general public, especially Crypto Enthusiasts. This is why activities like Airdrop distribution are so popular among Airdrop seekers. Because we don't visit many websites, the easiest method for us to discover information is through social media. In this instance, we may look for the specified airdrop tag. We can follow many of the channels and individuals that frequently provide bitcoin and airdrop knowledge on Twitter and Discord. If we only look for airdrops on social media, this should be the best option. As a result, we must track down and follow such accounts.
Here Are Example Screenshot of How you get crypto Airdrop Single.

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Question no 4:

🔹Are all Airdrop events free from scams? Otherwise, how can we avoid the scam?

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Scammers have created methods to fool naïve crypto users into believing that they are truly in the crypto industry, just like they have for any other human endeavor. Only after victims have been duped would they realize the airdropping campaign is bogus.
Read on to learn about the many sorts of airdrop frauds, the largest airdrop scams in history, and how to prevent them.

🔹The Different Types of Airdrop Scams

• Information Gathering Scam
• Private Key Scam
• Bait and Switch Scam

🔹The Worst Airdrop Scams

• OmiseGo Scam
• Tron Airdrop Scam
• Icon Impersonation Scam

🔹Way to Avoid Airdrop Scam

To avoid being a victim of an airdrop scam, trust but check. That implies you should conduct your research and double-check the legitimacy of the airdrop before signing up.

• Be wary of airdrop impersonators. These are very hazardous scams. It occurs when a seemingly well-known airdrop firm is actually a scammer's fiction. These individuals can then gather your data, utilise it for third-party registrations, or just sell it on the underground market.

• When an airdrop project asks for your private key, it's a scam that's trying to steal your cryptos. Also, stay away from cryptos that demand contributions to access. NEVER GIVE YOUR KEY TO ANOTHER PERSON. It's the same as if someone called and demanded your online banking password. Never give out your password to anybody else.

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Question no 5:

🔹Have you ever participated in a cryptocurrency Airdrop event? If so, then explain. Meanwhile, if you have never participated but have heard of the Airdrop event, then explain it. (Show proof with screenshot)

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NO i Haven't participate in Any Aridrop Event Yet But yeah i have some knowledge about airdrops and some of i read from google and from my friends aswell.

An airdrop can provide free money to network members, especially if the token's value grows over time. Some have viewed airdrops, similar to forks, as a sort of dividend payment received by holding a digital asset, in the sense that it is a pro-rata premium given out to token holders.
In June, there was a popular Crypto Airdrop.

• DeFiChain Airdrop. Claim $30 DFI for signing up + $10 DFI for each referral.
• Claim 100 MPH (~$5) for free by simply signing up to Tim Draper's 24/7 zero-fee exchange! SwissBorg Airdrop.
• Morpher Airdrop.
• ChainX Airdrop.
• Binance Airdrop.
• BlockFi Signup Bonus.
• DeFiChain Airdrop.
• Morpher Airdrop.

The following cryptocurrencies were initially distributed for free:

• Byteball
• Stellar Lumens
• ARDR
• NEM

Source of this this Infromation

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Question no 6:

🔹Give and explain an example of an Airdrop event that has passed and the airdrop was successful. Then give one more example that has been proven to be a fraud. (It is not allowed to take the example that has been taken in question number 5)

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The ETHPad Airdrop (ETHPAD), which ran from july 5, 2021 to July 15, 2021 and delivered to 2000 Airdrop winners since the total Airdrop is limited to just 4,200,000 ETHPAD, with 273,268 participants, is one of the airdrop events that has passed and succeeded. Screenshot

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TODAQ is an example of an Airdrop Scam, in which they request that ETH be delivered to their wallet for a charge. Remember that companies who provide Airdrops never ask for anything in return, because they only do it to demonstrate that they have a project that has to be discussed and distributed to cryptocurrency enthusiasts for their currencies to gain widespread acceptance.

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Question no 7:

🔹Look for an example of ongoing Airdrop events, make an analysis that proves that the Airdrop of your choice is good. (Screenshot required).

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As i don't have high knowledge About this but for This event my analysis is with CoinW-Token. i Think this can be give a high profit to all of its users According to my research, this currency is now in high demand by a large number of individuals since the platform has a good performance and is secure thanks to smart contracts.

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CoinW-Token has a high level of concentration and scalability in terms of pricing. Prices may vary at any time.

This is my analysis for this homework question.

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Question no 8:

🔹Explain the steps to participate in the Airdrop of your choice. (Screenshot required)

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🔹Step # 1

First of All you have to login, on coinmarketcap

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🔹Step # 2

Then select the airdrop which you want to join. from this list.

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🔹Step # 3

As i select this one.

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🔹Step # 4

Then scroll down until you find a spot where you may join the Airdrop. And Fill all this from then click JOIN AIRDROP.

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🔹Step # 5

Now you are successfully have joined this airdrop. As you can see this in screenshot

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Conclusion

🔹Look for an example of ongoing Airdrop events, make an analysis that proves that the Airdrop of your choice is good. (Screenshot required).

Airdrops are digital assets that are given out for free in return for completing certain requirements laid forth by the organisers, such as joining a cryptocurrency company. If we follow the steps outlined, we will be able to receive the Airdrop.Airdrops may be accessed in a variety of ways, but be wary when clicking the Airdrop link because many Airdrop URLs are Scams, resulting in data theft and monetary asset theft in the past.

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Thank-you Sir @wahyunahrul For this Amazing HomeWork, I have learn alot by this Homework and i hope you like and appreciate it.

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All the References of photos and Screenshots used in this post are Mentioned.