What is a Crypto Airdrop?
A crypto airdrop is crypto giveaway where a blockchain project gives the community free coins/tokens to introduce the provided services. Airdrops are usually done to engage and call in the industry pioneers into new or expanding projects. Airdrops might also act as loyalty rewards for the early adopters in the projects.
In order to receive a crypto airdrop you will usually need a wallet that supports the received coins. In many cases the airdropped tokens are built with the Ethereum ERC20 standard and common wallets such as MyEtherWallet address can be used to receive the airdrop. Read the more accurate terms and conditions from the airdrop page of your choice.
It is good to distinguish the difference between an “airdrop” and a “bounty”. An airdrop should not ask too much effort from you. Bounty on the other hand is a reward from a contribution to the project – usually in the form of translating or marketing a project.
Airdrops are a great way to build an initial audience for an upcoming ICO. By joining telegram groups, posting on social media etc you can earn more coins which you can sell later.
How to get free airdrop coins?
The requirements and instructions will be different for each airdrop. Some airdrops require you to join their telegram group, some want you to give your email address, some require you to PM (private message) the admin on Bitcointalk forum with your ETH address and others require social media posts (you will probably need a minimum amount of followers).
There are also cases where you will need to do many of these in order to get your airdrop coins. Click through to the airdrops we have listed and follow the instructions to earn your free airdrop coins.
Why ICOs are giving away free coins in their airdrop?
Airdrop ICOs aren’t doing this for altruistic reasons to make you money. They are giving away airdrop coins to build their community and educate crypto investors and enthusiasts about their project so they might potentially invest and contribute in it later down the road. Airdrops are a good way to get an engaged community to test, develop and market new projects with limited marketing capacity.
While you aren’t spending money to receive airdrop coins, you are spending a little time and might be contributing your social capital to the project. For this reason – even if we are working hard to deliver you only the best available projects – it is always advisable to do your own research before joining a new project.
In short: Airdrop is a marketing and implementation mechanism for an ICOs.
How to sell airdrop coins?
Most of the time airdropped coins aren’t different from other cryptocurrency coins. You won’t be able to convert the airdrop tokens into Bitcoin, Ethereum, other cryptos or fiat until they are listed on an exchange. Sometimes the airdrops are distributed to holders of other tokens and exchanges inform the users separately if they are supporting this kind of airdrop campaign. In that case, the airdrop comes into your exchange account and is tradable immediately.
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