#Club100 || Airdrops, how they work and why projects use airdrops before they are launched || 10% beneficiary to @tron-fan-club
An airdrop is a form of marketing in the cryptocurrency world that involves sending out free coins or tokens to a large number of wallet addresses. It is generally utilized by blockchain projects in order to raise awareness and increase the circulation of their tokens, as well as to reward their existing users. Airdrops are often given out to holders of certain cryptocurrencies, as a way of thanking them for their support and encouraging them to continue using the project.
For example, Ethereum airdrops are given out to holders of the Ethereum blockchain. The coins or tokens that are given out are usually ERC-20 tokens, meaning they are built on top of the Ethereum blockchain. These airdrops are often used to incentivize users to use the project’s products, such as decentralized applications (dApps) or other services.
An airdrop is a type of cryptocurrency distribution where tokens are sent out to users on a blockchain network. It is a process that is typically used to distribute tokens to the public, such as when a new cryptocurrency is launched.
Airdrops are usually done in two different ways. The first is a direct airdrop, where tokens are sent directly to the wallets of the users. The second is an indirect airdrop, where users are required to perform a certain task in order to receive the tokens. This usually involves signing up to an email list, downloading a certain application, or other activities.
Once the tasks are completed and the tokens have been sent out, the users can then use the tokens to access the services that the project provides. Some airdrops require users to hold a certain amount of cryptocurrency, in order to be eligible for the airdrop. This is a way of encouraging users to hold onto their coins and tokens, as they can benefit from the airdrop.
Airdrops are used by projects to help spread knowledge of their project and reward users for their loyalty. Projects will often use airdrops as a way of giving away free tokens to those who are interested in the project and encouraging them to use the project’s services. This helps to build a community of users that are familiar with the project, as well as increasing the circulation of the token.
Airdrops also encourage people to hold onto their coins, as they can benefit from airdrops if they are eligible. This helps to encourage users to keep their coins in a secure wallet, rather than trading them on an exchange.
One of the most popular airdrops of all time was the EOS airdrop, which was held in 2017. The EOS airdrop was the first airdrop to be held on the Ethereum blockchain and distributed 10% of the total supply of EOS tokens. The airdrop was given out to holders of Ethereum, who had to register their Ethereum wallet address with the EOS website.
Another popular airdrop was the Ontology airdrop, which was held in 2018. This airdrop was given out to holders of NEO and distributed 10 million ONT tokens. The airdrop was given out to users who held at least 1 NEO in their wallets at the time of the snapshot.
Airdrops are a great way for projects to reward their users and spread knowledge of their project. They are also a great way to encourage users to hold onto their coins, as they can benefit from the airdrop if they are eligible. Airdrops are becoming increasingly popular in the cryptocurrency world and are a great way for projects to reward their users and increase the circulation of their tokens.
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Airdrops are very important in the crypto world and they can result to massive gain
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