What is Airdrop and Airdrop types

What is an Airdrop?

The answer is simple: they are free tokens waiting for you to collect them.

Behind this madness, however, is a very conscious decision regarding the marketing strategy. Token development teams conduct "airdrops" from time to time as a way to spread the word about their product to potential investors and a wide audience of cryptocurrency enthusiasts.

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Airdrop types

Airdrops can be provided in a variety of ways. Usually, these tokens are transferred to the user's wallet after he performs various tasks. For example, it can be a post on social networks or something else.

It is worth highlighting the following types of airdrops:

• bounty;
• sign up;
• Exclusive;
• Hardfork;
• Staking.

The Bounty option assumes that the user performs some task, after which he receives coins. This can be a post on Twitter or Instagram, as well as a repost of the material to your friends and followers. This tactic allows you to communicate about the project to a large number of people.

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With Sign Up, the user needs to subscribe to news or register on the official site of the project. Exclusive airdrops are closed in nature - they are received by representatives of some community or group.

A hard fork is created from the blockchain, which is different from a simple airdrop. With this method, another token is created on the same blockchain. For example, in 2017 this was implemented with Bitcoin Cash (BCH). Users who have bitcoin received a certain amount of coins.

In staking, people already own tokens but receive new coins. Moreover, the units produced are different from those that were before. This is the difference with a hard fork.

Each of the listed types of free tokens has its own nuances. The creators of the project choose the most suitable option for distributing their coins. A strategy with a combination of two or more methods is possible. Airdrop recipients choose the option that suits them. At the same time, it is important to assess the prospect of specific coins. Well, we must not forget about the safety factor.