[Beginner Course] Steemit Crypto Academy Season3 Week3| Airdrop-Giveaway In Cryptocurrency by @wahyunahrul
Greetings everyone, thanks to @wahyunahrul professor for the notes about the airdrop. It has been an interesting topic though a little bit hard for me because I had never heard about airdrop in crypto currencies. My entry is below.
- What do you think about Airdrop in crypto currency
- How can we know about an Airdrop event so that we can participate
- Where are Airdrop events often held
- Are all Airdrop events free from scam? Otherwise, how can we avoid the scam
- Have you ever participated in a crypto currency Airdrop event? If so, then explain. Meanwhile, if you have never participated but have heard of the Airdrop event, then explain it
- Give and explain an example of an Airdrop event that has passed and the Airdrop was successful. Then give one more that has been proven to be a fraud.(it’s not allowed to take the example that has been taken in question 5.)
- Look for examples of ongoing Airdrop events, make an analysis that proves that the Airdrop of your choice is good.(screenshot required)
- Explain the steps to participate in the Airdrop of your choice.(screenshot required)
What do you think about Airdrop in crypto currency
An Airdrop in the crypto currency business is a marketing stunt involving sending free coins to a user’s wallet address so as to promote awareness of the new currency or token. The rules set by the Airdrop must be observed and followed by all its participants.
To qualify for the Airdrop, you must hold a given quantity of crypto coins in your wallet. You are also required to make a post about the currency on a social media platform or blogging a post about it. There are both good and bad Airdrops in crypto currencies so participants are needed to be careful.
A good crypto Airdrop never seeks capital investments and its aim is purely promotional. An Airdrop usually occurs when there is a new token that they need to promote. This token is sent using Airdrop to the wallet addresses of chosen participants. Not all participants cagey through with token receiving.
Airdrops usually happen unannounced and so if there is recognition of a new coin or token, it is sent to chosen participants but this can lead to a surplus of coins in the market.
How we can know about an Airdrop event so that we can participate
We can know about Airdrop evens by visiting some sites and make research about them . For example airdropalert.com and airdrops.io.
The first way is having a Twitter account. Twitter has become very active for crypto investors and it is also very common for digital currency developers to provide necessary information about an upcoming Airdrop via a tweet and you can use the a coinmarketcap to check out on the ongoing Airdrop events so that you can also participate. Some of the ongoing Airdrop events are as follows;
How to participate in Airdrop
• You should create a privately owned digital wallet to safely store your coins. This doesn’t apply to your wallet in the exchange account because you do not own your keys. You need that created wallet p be personally owned. The safest wallet is a hardware wallet which isa physical device that stores your coins. Such as the Nono ledger, keepkey and Trezor.
• Most Airdrops will require you to sign up or apply for a whitelist using a valid email address.
• Some Airdrops required you to share about the project on your social media accounts before you are eligible for Airdrop coins. Sharing about the project can include sharing tweets, sharing its posts on Facebook, and others then you can fully be eligible for the tokens.
• There is usually a deadline when registering for the whitelist or the Airdrop. Make sure you complete your registration before the deadline with all the necessary requirements fulfilled.
Where Airdrop events are often held
Airdrops are a great marketing tactic used by various crypto currency projects to increase liquidity as well as drive traffic. Airdrop events are usually held and stored in a digital wallet. This wallet can be a hardware based and it can be on a mobile device or a computer. It can be kept safely by printing the private keys and addresses used to access the paper.
Are all Airdrop events free from scam? Otherwise how can we avoid the scam
When starting your adventure in the world of Airdrops, you must know that there are scams. Though they can also be avoided. Some of these scams are as follows with the way we can avoid them;
• Dump Airdrops.
In this kind of Airdrop, the holder’s goal isis a short term one about the token. When people are eager to buy the token, the holder sells it quickly at some profit and when it’s dumped, the project becomes inactive.
Dump Airdrops can be avoided by spending time on the project ‘s website and white paper. Logically, people behind the dump Airdrop will not put much time into it. So them more time taken to observe, the more you are saved from scam.
• Private key scam
This is an Airdrop that is entirely fake. It is designed to trick people into giving out their private keys to they wallets. You must not trust anyone with your wallet private keys.
It can be avoided by refusing to share your private keys with anyone. Incase you are asked for it, simply ignore because you will be tricked and your wallet will Ben jacked.
• Information Trolling
This too is a type of Airdrop scam that was designed to collect information so as to sell it to third parties or use it in the future. This is a fake project because the main goal is to collect your email address, wallet address and social media information among others.
The best way to avoid information trolling Airdrop is to make research on the project that is apparently behind it. If a project has no website or white paper, just avoid it.
Have you ever participated in crypto currency Airdrop event? If so then explain. Meanwhile if you have never participated but have heard of the Airdrop event, then explain it.(screenshot required)
Personally, I have never participated in any Airdrop event. But I have read and heard about some past and ongoing events such as the free ETH address. To participate, you just have to follow the link on where you have gotten it and signup answers if successful, you only need to wait when there is a free giveaway for the topic.
The amount being given out also depends on the upcoming Initial Coin Offerings of the token. You can decide to keep your tokens. Below are some of the top past Airdrop.
Give and Explain an example of an Airdrop event that has passed and the Airdrop was successful. Then also give one more example that has been proven fraud.( screenshot required “
There are various past crypto Airdrop and they have used e.gBRD AND
BRD
THE BRD Airdrop was conducted of a course part of their marketing efforts. In April before their Airdrop, BRD had very few subscribers on their social media platformZ Currently, it has accumulated over thousands of people that has generated many profits. The platforms include Twitter, telegram and others. In the late 2018, it had clients in over 150 thousands of followers in various countries.
The Rarible.
The past fraud Airdrop is Rarible. There was a give away of scam involving the NFT market place. Rarible visitors claim they were requested to sent their wallet addresses with the promise of giving them back more of crypto currency when they send theirs. This Airdrop is not linked from official channels.
Look for examples of ongoing Airdrop events. Make analysis that proves that the Airdrop of your choice is good.(screenshot required)
There are a number of ongoing Airdrop events but my choice is the “baby shark”.
The Baby shark Airdrop is hosted on the CoinMarketCap.com. It started on the 4th of July and is ending on the 14th of July still. Selected individuals will be announced and their tokens claimed on 22nd of July. The chosen individuals will receive their tokens via their wallet addresses. It is a good Airdrop because it has been used by various people who have now had trust in it. I choose it because it Ian very good amen reliable because it has many participants. My evidence is below.
This is its market price
My analysis on the trends
Explain the steps to participate in the Airdrop of your choice.(screenshot required)
I still use the Baby Shark as the Airdrop of my choice.
Steps on how to join and participate in it.
• Add the Baby Shark to your coinmarketcap watch list and follow by clicking https://coinmarketcap.com/currencies/babyshark/
• Join the telegram link using
https://t.me/Babysharktoken
• Follow it’s accounts on Twitter and coinmarketcap using
https://Twitter.com/Babysharktoken/
• Complete the task
Retweet:
https://Twitter.com/babysharktokenstutus14095s
• After the tasks are complete, it will require you to fill in your exchange wallet and also your email address and password. Then join the Airdrop
In conclusion, Airdrop is a very interesting topic in crypto currency where you can earn by getting tokens and besides I have learnt a lot more on Airdrop.
Well explained dear and I have learnt a lot from this content
Okay dia. Thanks