Airdrop crypto is the term for the distribution of a free Blockchain token to members of the crypto community. Airdrop can be said to be a promotional activity that is mostly carried out by Blockchain-based Startups to bootstrap their virtual currency projects.
The purpose of this crypto Airdrop is to introduce crypto projects and Blockchain to the public, and to lure people to be interested in entering and investing in their companies. One of the Crypto Airdrop that was successfully done was CloudBounce, a decentralized AI audio ecosystem, which distributed 8 million DB tokens to its community members in March 2018.
The requirements for getting crypto Airdrop are quite diverse. For example, someone might need to hold a minimum number of crypto coins in their wallet (such as Airdrop Bitcoin Cash, Bitcoin Gold), or maybe need to do certain tasks, such as uploading posts on online forums, connecting with certain members of the Blockchain project, or writing blog post.How it works Airdrop Crypto
Because Airdrop practices are relatively new in the crypto market, the procedures and ways of working are still being developed. What is clear, the development of Airdrop crypto seems to continue in the long term, because this method has proven effective to support the popularity of new crypto. The majority of crypto blockchain that are still in the Startup level, choose to launch Airdrop as a 'lure' so that their project is glanced at. Some crypto sites display rules, but some new ones provide advanced information after users contact the Developer.
In general, the way crypto airdrop works is as follows: the development team will give an announcement about the Airdrop schedule. After the date is determined, the Airdrop organizer team will show a piece of the Blockchain image that was introduced. If this process runs smoothly, crypto currency holders will get free e-tokens.
The main reason for crypto airdrop is to attract public attention. It is common knowledge that the world of virtual currencies relies heavily on "sensations". People keep looking for the next interesting thing, so the way to get free crypto provides an incentive to attract more interested people to new crypto development projects. Announcing the upcoming Airdrop creates a buzz that is very much needed, both in social media and in the world of virtual currencies in general.
Airdrop also helps Blockchain Startups obtain valuable databases that are important when identifying potential customers. This is because some Airdrops can require customers to fill in several online forms. Keep in mind, crypto currency users must always be aware of Scam sites, by ensuring that the information provided only refers to the company's official website.
Airdrop Crypto type
Airdrop usually consists of 2 types:
Automatic Airdrop
This type of airdrop is the result of Fork on the Blockchain. For example, Hardfork Bitcoin produces a split in the network that causes Bitcoin Cash (BCH) to appear. So anyone who owns Bitcoin on the Blockchain will automatically receive Bitcoin Cash in their wallet. Even so, this does not necessarily make the amount of Bitcoin that is owned doubled. In general, the amount of crypto will be adjusted so that the value does not change from before Hardfork occurred.
Incentive Airdrop
Is Airdr ...
How to get Crypto Airdrop information
Many online websites and platforms have been created with the aim of informing crypto users about the current / future Airdrop. For example are Icodrops and Airdrop Alerts. Both even offer relevant advice about the upcoming Airdrop. Another way to access information about Airdrop is to track various social media platforms from projects that interest you, such as Reddit and Telegram.
Airdrop and ICO relationship
Unlike the ICO, which sometimes asks investors to invest first, Airdrop does not ask for any fees, only asking users who are interested in helping with promotions through sharing posts to social media, likes, etc.
Even so, the purpose of launching Airdrop and ICO is the same. They emerged as marketing gimmicks when a company launched new crypto coins, and targeted those who were interested in virtual currencies ...
In some cases, you only need an account on the exchange to enjoy the Airdrop Bitcoin Blockchain. However, some Airdrops will sometimes request a special Wallet. An example is MyEtherWallet requesting ERC20 non-exchange wallet, or commonly called an ERC-20 wallet. The ERC-20 wallet is a Wallet that only supports the Blockchain Ethereum system.
Some tokens follow the Bitcoin protocol, some follow Ethereum, etc. Therefore, it is important to have a Wallet that allows you to save the ERC-20 token if it is ordered by the Airdrop guide. The best recommendation for the popular ERC-20 wallet is MyEtherWallet (MEW).
How to Maintain an Airdrop Token to Stay Safe
Although you can find many web-based wallets or hot wallets, I suggest you use a hardware wallet. Trezor is the original and safest cold wallet. Not only that, this Wallet is also compatible with most free crypto coins.
Don't forget to always save the private key to your Wallet. Although you can share crypto addresses, never share private keys or unlock files (Json) with others.
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