What you need to know about Airdrops.

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Hello dear friends and famz,trust you're doing really great. It good to be back in your faces with another round of value. I trust you enjoyed my last blog.

Today am bringing you another lesson and this time it's on Airdrop. I will be sharing with us things we need to know about Airdrops... Are you set? Let's go...smiles.

Introduction

Airdrop is not a new term in the crypto space,well it might be new to the newbies reading this and I believe you will know what airdrop is all about after reading this piece.

A lot of people have benefitted from airdrop while some have not. Before now,I used to think all airdrop are automatic opportunity into gaining massive wealth in crypto. I can't forget the first time I was added to a telegram group which was created solely to publish link to Airdrop.

I got very excited but I later found out that many of these airdrops are just there to eat up your asset via gas fee or even scam you if adequate care is not taken.

What are Airdrops

Airdrop can be defined as a token that is freely distributed usually en Mass to people's wallet. This is done by registering to claims it via telegram, their official website or some other channels where you have to fill in some information which includes your wallet address where the token will be sent.

One could even get additional amount of the token if he in turns goes all out to refer more people to the project via a personal link which will be readily made available after a successful registration.

It is important to mention here that airdrop token are not usually huge in value since it's distributed to many. They only increase in value as you hold and allow it appreciate over time and this is only applicable to a successful airdrop

Many project started off like that distributing airdrop but was never successful with the project. There are so many funny airdrop today unlike the early day of airdrop where you can be sure to a remarkable degree the success of a particular airdrop.

Why Airdrop?

There are reasons behind every Airdrop you see and these includes;

• Publicity

The first major reason why a project would embark on running an airdrop campaign is to create publicity for that project in terms of ICO (initial coin offering and sale of token) . You don't start up a business and keep shut about it.

Advertisement is the tools for making the project spread abroad. Now I want you to understand that one of the advertisement strategy for any project espcially a new one is Airdrop.

IWhen you receive the token in your wallet after registering,you would want to tell other about it especially when you're even promised additional reward for referring people.

• Fan Base or Community

Every successful project tends to thrive on community,that is a group of people who loves the project and support all they are out to do. In registering for airdrop,you are asked to sign up and join the fan base.

For many of us that have participated before you will agree with me that in the course of registering, you will be asked to join their channels, follow on Twitter, and join some other communities they have created to publicize the project.

By so doing they build a community of people that will help sustain the project and help it thrive.

• Are Airdrops profitable?

Yes they are but.... it's only profitable if the project turns out to be successful. There are some Seemless airdrop that give good rewards such as the one you get for holding an existing token in your wallet. These kind of Airdrop appreciate over time and could make very rich.

But when it turns out to be scam then you're only holding a bunch of useless token which profits nothing. You might just need to make a very good research about the project before raising your hope about the airdrop itself.

Where can you find them

There are so many platforms where you can find Airdrop but be very careful,look out for credible platform and not just any platform. For the sake of this lesson,I will like to mention just four.

• Coinmarketcap

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• Airdrop.io

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• Airdropalert

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• Airdropking.io

This is the very last one it's called airdropking.io. You can also check it out for more Airdrop. But bear in mind that airdrops are not automatic wins.

Conclusion

I will like to wrap up this post here,there is still more to write about but it is expedient I end it here for the sole purpose of comprehension. I will put other things together in subsequent post.

I hope you've learnt something kindly do well to share with me.your thought in the comment section. I will be looking forward to it.

Regards
@lhorgic♥️