HomeCryptocurrencyCrypto Airdrop: How It Works? How to Find Free Airdrops

Crypto Airdrop: How It Works? How to Find Free Airdrops

There are many ways to join a crypto Airdrops. We answered the questions about crypto airdrop and how to find, join and redeem airdrops. Latest airdrops in altcoins and crypto tokens.

Crypto airdrops might be a reward for signing up for a newsletter, following the project’s social media pages, or another way to bring attention to the brand and attract more people to the platform.

Platforms can also decide to airdrop governance tokens. In addition to their monetary value, governance tokens give holders voting rights and let them influence significant decisions regarding the project.

  • You must have a cryptocurrency account to get free Kripto Airdrops. Click to sign up for the world’s largest crypto exchange Binance: Binance

What is Crypto Airdrop? Definition & Meaning

  • An airdrop involves giving out free coins or tokens issued by a crypto company or platform to established crypto holders, usually in exchange for marketing-related tasks such as blog posts, or promotional content on social media.
  • Airdrops are, in a sense, not unlike a traditional company offering free samples to potential customers. However, in the crypto space, they can take various forms
  • As with anything free, it is always prudent to approach an airdrop critically since the tactic has been previously used by malicious actors to dupe crypto users out of their coins or tokens

How do you receive crypto airdrops?

Crypto airdrops can be a great way to add to your crypto portfolio without having to buy any assets using fiat currency.

Some ways to track down crypto airdrops are:

  • Performing regular searches online for crypto airdrop opportunities
  • Following airdrop aggregators and signing up for their exclusive airdrops
  • Signing up for new platforms to take advantage of any standard airdrops they offer
  • Monitoring up-and-coming projects to prepare for bounty airdrops

Taking advantage of an upcoming airdrop is mostly a matter of keeping up with developments and jumping on opportunities as they arise.

Cryptocurrency-Airdrops

How to Find Airdrops From Crypto?

The easiest way to find crypto airdrops might be to simply search for “crypto airdrops” or “Latest Airdrops”

Here are some websites that lists latest Crypto Airdrops:

Since these events are designed for marketing and project promotion, they tend to make themselves relatively easy to find. There are even some websites exclusively devoted to listing upcoming airdrops, like Coin Airdrops .

However, scams abound in the cryptocurrency world, and users would do well to safeguard their information wherever possible. When searching for airdrops, it’s possible to encounter someone claiming to offer an airdrop when they’re actually just engaging in a phishing attempt (trying to steal information).

Why should you be careful about airdrops?

As with anything free, it is always prudent to approach an airdrop critically since the tactic has been previously used by malicious actors to dupe crypto users out of their coins or tokens. For instance, a scam artist may send malicious tokens to a particular set of users to spur their curiosity. When these users seek out what these tokens are on the internet, they will, inevitably, be directed to the scammer’s website and could fall prey to phishing schemes. 

In other cases, scammers may request users to transfer some of their own cryptocurrencies to a wallet, promising a transfer of new tokens. Another red flag to look out for is if the airdrop amount is extremely high. 

As such, users are advised to conduct their own background research around specific crypto platforms before engaging in an airdrop. The lure of free tokens or coins from a platform that could explode in value can be difficult to quell but staying vigilant will ensure that your cryptocurrency holdings are not compromised. 

What Are the Different Types of Airdrops?

Airdrops can happen several different ways. The term is most often used to apply to free tokens being deposited to a user’s wallet in exchange for nothing more than registering with an email address. But that’s not the only type of crypto airdrop.

Standard Airdrop

This is the type of airdrop just mentioned, where users receive free tokens just for signing up for a newsletter or something similar.

Bounty Airdrop

Bounty airdrops require users to perform a simple task to receive the airdropped tokens. Most often this involves re-tweeting something about the project, creating an Instagram post and tagging a few friends, or joining a Telegram group.

Exclusive Airdrops

Airdrops of this type are designated exclusively for people who have an established history with a particular project, website, or community. For example, Uniswap gave its loyal users 2500 UNI tokens in September 2020. This equaled about $1,200 at the time, and there were no strings attached.

Hard Fork Airdrop

This one is a little different. When a coin hard forks from its original blockchain, a new coin gets created, and those who held the original coin will receive an equal amount of the new tokens in their wallets. The most well-known example of this would be the Bitcoin Cash (BCH) hard fork that occurred in 2017: Bitcoin users who held BTC received an equal amount of BCH automatically.

Holder Airdrop

These airdrops are similar to hard forks in that users who already hold certain tokens will receive new ones. EOS and Ethereum, for example, have sometimes offered users free tokens when a new project was created on one of their blockchains. These are not hard forks of the original coins, but rather entirely new projects created on top of the EOS or Ethereum protocol.

All these types of airdrops have one thing in common—the distribution of new coins.

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Mehmet S. Kaya
Mehmet S. Kayahttps://teknonel.com
Mehmet is one of the administrator of Teknonel. As a software developer, he loves to share his knowledge in related topics. He is highly familiar with the editorial process from the inception of an article idea, through the iterative process, publishing, and performance analysis as well as product reviews.

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