Why participate in a crypto-airdrop?
What is an Airdrop?
The term should not be confused with the military definition.
Crypto-Airdrop is a distribution of a crypto currency token or coin, usually free of charge, to a large number of wallet addresses.
Airdrops are often performed by unknown start-ups to quickly and easily increase brand awareness.
Crypto-Airdrop is a practice where existing holders of a certain crypto currency, such as Bitcoin, receive free tokens as a reward. For the layman, it is a giveaway aimed at promoting a specific blockchain. It also rewards loyal customers to ensure that they continue to subscribe to a particular blockchain platform.
How it works
This practice is relatively new in the crypto market. Therefore, there are no concrete rules for the operation yet. Perhaps they are about to be developed because the project has gained popularity. A few crypto sites display the rules, but for most you have to contact the developer for more details.
The team behind a particular Airdrop announces a date on which it will perform the Aidrop. As soon as the given date is reached, the crew performing the aidrop takes a snapshot of the blockchain, resulting in the owners of the corresponding crypto currency receiving free e-tokens.
Most crypto blockchains, especially those in the launch phase, prefer to pre-announce an airdrop to successfully launch their projects.
Why an Airdrop?
The main reason for this practice is to create awareness, especially for a new virtual currency (token). The virtual currency world is heavily dependent on 'hype'. People are constantly looking for the next exciting development and as such free tokens offer an incentive to attract more people to a project.
The announcement of an imminent Airdrops causes the necessary sensation in the social media as well as in the virtual currency world.
Airdrops also help projects obtain a valuable database that is essential for identifying potential customers. Some Airdrops require customers to complete multiple online forms.
Get information about an Airdrop!
Numerous websites and online platforms have been created to inform users about past, upcoming and ongoing Airdrops. Meanwhile there are also different Internet sides, which hold an overview over current and forthcoming Airdrops clearly berreithalten.
A good example are Icodrops and Airdropalert, which both even give relevant hints about upcoming Airdrops. Another way to get information about Airdrops is to follow the different social media platforms of projects you are interested in, e.g. Reddit and Telegram.
Who is behind the Airdrop?
Often it is companies that start a free Airdrop through the ICO-Airdrop for marketing reasons. But also organizations like the Blockchain Education Network, organize such free Airdrops to raise awareness and introduce new people to digital currencies.
Basic condition for the Airdrop participation.
A basic condition for the participation in an Airdrop is the production a so-called Wallet around the appropriate virtual currency such as BTH or ETH to receive to be able.
The participation in an Airtrop is a good opportunity to deal with virtual currencies like BTH or ETH and to get to know them...
Greetings Bob :-)