[Beginner Course] Steemit Crypto Academy Season 3 Week 3 | Airdrop - Giveaway In Cryptocurrency.
Homework:
1). What do you think about Airdrop in cryptocurrency?
2). How can we know about an Airdrop event so that we can participate?
3). Where are Airdrop events often held?
4). Are all Airdrop events free from scams? Otherwise, how can we avoid the scam?
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)
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).
7). Look for an example of ongoing Airdrop events, make an analysis that proves that the Airdrop of your choice is good. (Screenshot required).
8). Explain the steps to participate in the Airdrop of your choice. (Screenshot required).
AIRDROP is a term used in the cryptocurrency and blockchain ecosystems to show the sharing of virtual assets to the public due to holding a token or an active wallet address on a particular blockchain.
Airdrop is common in a blockchain project; it is mostly given to participants without any investment. It also provides trust to communities about the security of tokens and other activities.
The delivery of a cryptocurrency coin or token to several wallet addresses on an airdrop is free.
The ownership and awareness of the cryptocurrency start-up result from AirdropAirdrop since it intends to generate attention and new followers, leading to a larger user base and more tokens or coins being distributed.
Airdrop cryptocurrency also serves as a market tactic used by organizations to generate interest and distribution tokens to foster a successful or thriving community.
Airdrop promote a company's website and cryptocurrency coin example, bitcoin, ethereum etc., through advertisements. Airdrop reward some bonuses to the coin holders depending on the amount of coin they hold.
Airdrop help the community to know about any new project coming into the existence of crypto.
Airdrop also attracts investors since it makes known to the world of a new coming project to know more details on its usefulness.
In AirdropAirdrop, a community can provide some airdrop in cryptocurrency coins or tokens to gain more reputation for its stakeholders, shareholders or employees.
We can know about an airdrop in cryptocurrency through the ideas we acquired in the lecturer's lesson. Usually, AirdropAirdrop is a new project on a blockchain, and you only need to look for the new projects. I will suggest a website where one can easily find an airdrop related to cryptocurrency and is very influential in the crypto world. Which is coinmarketcap
•Go to the website https://coinmarketcap.com/ and click on the three bars at the right coner of the interface.
•Then click on calendar and select free airdrop.
• Then you will find airdrops of many categories like ongoing, upcoming, exclusive, ended, participated and others.
•Then click on any of the Airdrop, you will see the details about that project and its airdrop rules.
I strongly believe that this is the best way to get airdrop information from a trusted project since any cryptocurrency project has to be listed first in the coinmarketcap, following some rules set by the website.
Other websites can be handle as;
airdrop.io
airdropking.io
airdropvillage.io
airdropalert.com
Airdrop events are usually held on an exchange. An exchange platform is seen as a marketplace, where investors meet to embark on transactions online, use cryptocurrency, and make investment projects.
Selling and buying online in the exchange platform is like the other social media such; Twitter, Instagram, Facebook etc., but in discord and telegram channels, AirdropAirdrop is launched to the community, BUT AirdropAirdrop held on the exchange platform is more guaranteed to be legit than any other social media platform.
So one needs to be careful or find the quality of the airdrop events before sharing their information.
The address we receive or get from several websites is not usually free or out of the scam. Scamming I know can be done in several ways, including;
• One can be a scam after attracting an investor to purchase an airdrop token or selling an airdrop token to a new investor.
• Collecting the private key of another person to have access to their wallet.
• Collecting information for selling.
• Collecting reference information of another person to use for personal reference.
Scammers can do all these acts. So we need to be very careful in choosing an airdrop project. Whether bounty, standard or holder AirdropAirdrop, we need to consider the points mentioned above to be saved from airdrop scam.
We also need to identify the project and its intended purpose, check the developer's panel and finally check the rules and regulations guiding the cryptocurrency project.
I have never participated in any cryptocurrency Airdrop events. But I have heard about several airdrop events, which I will like to share with you about one, and is CNG - Casino.
The purpose of
CNG - Casino token is to create a cryptocurrency for their Casino games activities (Transactions). I quite remember that in previous years it was a big project. A friend of mine was able to collect 30,000 CNG tokens after a successful KYC verification in the coinsbit.io exchange.
He had the chance to sell it for between six and thirteen dollars at that time, But he did not hope that there will be a future increase in its value, and unfortunately on his part, there has a decrease in value nowadays, as a result of the shortage of buyers.
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
I have seen many Airdrops growing each day, but 1inch Airdrop
is the most successful Airdrop I have ever seen among them. The 1inch Airdrop is a decentralized exchange and has released an airdrop token in December 2020 by distributing 96 million tokens to 58,000 addresses. Its current trading is between $2.5 and $8. I think its coin value will increase more when the BTC Bull run. With this, I confidently say that the 1inch AirdropAirdrop is a successful token.
CORBIT airdrop is an example; I can give it as a fraud airdrop because the main creator motive was to earn more money, and he did. Through his Telegram and Twitter channel promotions, he disappeared one time by removing the details from the website. As I speak now, the website is no longer active, all investors lost their money, and the participants wasted their precious time, so we should be more careful in selecting an airdrop event.
Though there are several ongoing airdrop events, I prefer Baby Shark Token as my analysis.
Currently, the Baby Shark has allocated a 4.7T amount of SHARK tokens, which at this moment, I can see about 261,056 participants participating in this Airdrop event.
I had gone through the Baby Shark official website, and I found out that the details of the development team were accurate. They had included every bit of their information, thus email, photos, Instagram, and Twitter account, for you to get more idea of the AirdropAirdrop.
I found their whitepaper been properly detailed, and where they had kept their information about the project, which looks quite attractive, impressive and easy to understand.
Moreover, I had tried to participate in their event, but they didn't request my activation key, which most scammers do to dupe you, but rather my public key during the registration process, which I see as a safe and good start.
I had never participated in any Airdrop events. But today, I have chosen the Walux Exchange Airdrop event to share the participation steps with you.
We have few ways of participation since participation in AirdropAirdrop differs from one another. Participation in Walux Exchange Airdrop can either be through Instagram or Twitter page. But I will like to participate through telegram and below shows the steps but wasn't successful;
STEP 1
I select Walux Exchange Airdrop
In this Telegram Bot link, I can participate in the event by clicking on start.
STEP 2
Then after you will see all tasks for participating in the event. Now follow them and click on the check.
STEP 3
When done following the requirements, you select Join Airdrop.
STEP 4
Then you will be asked to provide your ID either Instagram or Twitter. For verification, type your username and click on send.
STEP 5
Then after you type our wallet address here, you need to be more careful to remember your public address.
STEP 6
Finally, a congratulation message is sent to you that you have successfully participated in the airdrop event.
As explained earlier, an Airdrop offers the opportunity to collect some valuable tokens without investing much money. But one needs to be careful when choosing an airdrop since scammers can use an airdrop to steal your personal information like an activation key to dupe you through the registration process. To analyze it critically when joining any airdrop events.
Thank you.
Cc: professor @wahyunahrul