If you didn't hear the words "money dosen't grow on trees" while growing up, then count yourself one of the lucky ones. That age-old adage that grandma would shout at you after catching you being wasteful has always stuck with me (and many others I presume), but is it really true? Yes... yes it is damnit! There are almost no times where money just materializes from nowhere, but this notion only took "fiat" money into consideration. If we look at the creation of "value" that can certainly, and does, come out of nowhere.
In cryptocurrency however, money may not grow on trees but tokens seem to just drop from the sky... Of course I am talking about cryptocurrency airdrops!
Follow The 'Stache as I break down exactly what a cryptocurrency airdrop is and some of the best airdrop resources for finding out how to get your free coins.
The Legend Of The Free Token
When it comes to free money, or free tokens in this case, you still really can't get something for nothing, BUT you can get something for VERY little and this is where crypto airdrops come in. An "Airdrop" is the term given when a project gives away free tokens for people that meet certain conditions. It's that simple.
Of course the who, what, why, when, where and how still needs to be answered so lets look a bit deeper.
Why Do Crypto Airdrops?
Airdrops are done for a variety of purposes, but mostly they are done to try and promote a new project. Think of crypto airdrops as a form of advertising. A newer project gives away a small amount of tokens to enthusiasts in exchange for as little as joining their Telegram group or email list. Many times you just have to hold another major crypto like Bitcoin or Ethereum and projects will take a "snapshot" of all holders on a certain date and issue tokens to those people in an airdrop.
With the cryptocurrency space exploding with projects it is becoming harder and harder to...KEEP READING ON MY WEBSITE: https://www.cryptostache.com/2018/03/21/top-5-resources-on-how-to-get-free-cryptocurrency-air-drops/