What exactly is a crypto airdrop?
Cryptocurrency airdrop is a process of free of charge tokens distribution, a kind of a crypto coin giveaway made by its creators. Project developers can organize airdrops both before and after the ICO completion. New blockchain startups need to attract new investors and potential clients, so making an airdrop to distribute coins among interested users for free is one of the easiest and the most effective ways to do it. The long-running projects also use airdrops for promotional purposes sometimes.
The vast majority of free tokens distributed via airdrops use ERC20 standard. It means that you will need an Ethereum wallet to receive them. Usually, the airdrops of crypto currency require users to do something in exchange for free tokens. In the most cases you will need to register at the website, join a Telegram channel, make reposts on the social media, and fill out a Google form with your personal data or simply leave your Ethereum wallet address.
The whole process does not require much time and can be done even by novice cryptocurrency enthusiasts. Participants of an airdrop will be able to sell coins that they have received for free and gain up to 100 dollars of profit or even more. The exact amount depends on the popularity of the project.
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