What exactly is an airdrop? And how do you get started on receiving them?
So, first off. What is an airdrop?
A cryptocurrency airdrop is when a blockchain project distributes free tokens or coins to the crypto community to bring attention to their project.
To receive a cryptocurrency airdrop, typically the only requirement is that you have coins from the relevant currency in your wallet. Examples of this format of an airdrop are: BitcoinCash, Byteball, Stellar Lumens, or OmiseGo. These airdrops required you to prove you were the owner of the Bitcoin or Ethereum at a "certain time or snapshot of the blockchain".
Other smaller airdrops, which have become much more popular recently are when a cryptocurrency project distributes a predetermined amount of tokens to the community who signs up for the airdrop. Sometimes these need social media tasks whether it be follow them on different social media sites like FB, TWTR, TG, etc. As of recently, some of them require KYC (Know Your Customer) uploaded to receive them. Personally I never participate in these because I don't trust anyone asking for KYC for just an airdrop- it's ridiculous in my opinion.
To get started up on getting airdrops you will need some things to get started off:
- Telegram account
- Twitter/Facebook Account
- BitcoinTalk Account
- MEW or Metamask wallet to store ERC-20 tokens. - a link for metamask's website can be found here: https://metamask.io/
- WAVES platform wallet (only for some airdrops) https://wavesplatform.com/
Once you have this all set up you are ready to get started to sign up for some airdrops!
If you are looking to join a channel to get updated on airdrops and bounties you are free to join this channel
https://t.me/airdrop_shark
You can also sign up for Earn and get paid in BTC to sign up for their exclusive airdrops! Check out this article I wrote on it. You can sign up by clicking on the link in the article: https://steemit.com/crypto/@ansteadm/earn-a-new-way-for-businesses-to-communicate-and-users-to-make-money
If you have any questions feel free to ask me on TG (@ansteadm) or just post a comment on here and I'll be happy to get back to you!
Cheers for this, i've signed up for about 9 of them, who knows what will become of them!
No problem! Glad you appreciated it.
Nice! I honestly don't even know how many I've signed up for lol I have almost 100 different types of tokens in my MEW to date. Most of them I'm just going to hold onto because they'll most likely go up in value by the end of the year. If not, oh well!
Do you have to add custom token addresses to see them?
Nope, if you go to: https://etherscan.io/ and enter your eth address you can see all the tokens sent to your key. To add them click on "Token Transfers", click on the name of the token, then copy the Contract Address and post that into the "Add token" section on Metamask or on your MEW. Hope that helps!
I signed up for a bunch of airdrops yesterday, but no coins have arrived in my MEW address today.
Oh they most likely won't arrive for at least a month or two. They take a while to receive them typically. If they're in ICO stage they won't distribute until 1. after the ICO ends & 2. if they reach their soft cap
Ah i see, awesome.
Thanks for all your advice.. i really appreciate it.
No problem! Glad you found it helpful :)
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