In recent years, cryptocurrencies have become an integral part of the financial world. At the same time, interest in various methods of obtaining cryptocurrencies has increased, one of which is airdrops. In this article, we will look at what crypto airdrops are, how to get them and how to make money on it.
What is a Crypto Airdrop?
Airdrop in the cryptocurrency world is a free distribution of tokens or coins to users. This is usually done to promote a new project, increase its visibility, or reward loyal users. Airdrops can be automatic or require certain actions, such as registering on a website, participating in social networks, or network support (betting).
Types of Crypto Airdrops
Standard Airdrops
The distribution of tokens among the current owners of a certain cryptocurrency.
It often depends on the availability of a certain number of tokens in the wallet at the time of the snapshot.
Bounty Airdrops
Users are encouraged to complete tasks such as promoting a project on social media, writing articles, or creating videos.
As a reward for completed tasks, users receive tokens.
Hard Fork Airdrops
They arise during the separation of the blockchain (hard fork).
The owners of the original cryptocurrency receive the new currency in an equivalent amount.
Exclusive Airdrops
They are intended for active community members or holders of certain tokens.
Such airdrops are often more valuable and rare.
How To Get Free Tokens
Subscribe to News and Social Media
Follow the news about cryptocurrency projects through their official channels on Twitter, Telegram, Reddit and other platforms.
Subscribe to the mailing lists and stay tuned.
Participate in Bounty Programs
Many projects offer rewards for completing tasks such as creating content, participating in discussions, or translating documentation.
Use Platforms for Airdrops
There are specialized websites and forums that track current and future airdrops. Examples of such platforms: AirdropAlert, AirdropKing, Airdrops.io .
Participate in Social Airdrops
Subscribe to the official channels of the project and complete tasks such as reposts, comments or likes.
Store Cryptocurrency on Exchanges and Wallets Participating in Airdrops
Some exchanges and wallets support airdrops and automatically distribute tokens among their users.
How to Make Money on Crypto Airdrops
Hold Tokens and Expect Their Value To Increase
Many tokens can significantly increase in price after airdrop. It is worth considering the possibility of long-term storage of tokens.
Trade Tokens on Exchanges
As soon as the tokens become available for trading, you can sell them on the exchange. It is important to choose the right time to sell in order to maximize profits.
Use Tokens in the Ecosystem
Some projects offer additional bonuses or discounts when using their tokens within the ecosystem.
Participate in Defi and Staking
Some airdrops offer tokens that can be used to generate passive income through DeFi platforms or betting.
Advantages and Risks of Crypto Airdrops
Advantages:
Free Tokens: The opportunity to receive cryptocurrency without investments.
Getting to Know New Projects: Airdrops are often associated with new and promising projects.
Increasing the Community: Participation in airdrops contributes to the growth and development of the cryptocurrency community.
Risks:
Fraud and Scam: Some airdrops can be fraudulent, so it is important to carefully check the information about the project.
Regulation and Taxes: In some countries, the receipt and sale of cryptocurrencies are taxed, which can reduce your profits.
Low Cost of Tokens: Not all airdrops lead to the receipt of valuable tokens. Some may be worth very little or lose their value altogether.
Conclusion
Crypto airdrops offer a unique opportunity to get free tokens and make money on it. It is important to keep up to date with the news of the cryptocurrency world, participate in verified airdrops and carefully study projects before participating. By following these principles, you will be able to take advantage of all the benefits of airdrops and minimize risks.